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Nonprofit · EIN 63-1002142

DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC

Tax-exempt · HUNTSVILLE, AL 35811

Financials

$320K$248K2023$1.3M$140K2024
Revenue Expenses · by fiscal year end
Financials of DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,276,821$140,134$1,136,687$1,520,937$0$1,520,937
December 31, 2023990$319,840$248,315$71,525$384,250$0$384,250
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,153,862
Program service revenue
$0
Investment income
$11,207
Net gain from sales of assets
$5,261
Net income from fundraising events
$111,752
Other revenue
$111,752

Expenses

Grants and similar amounts paid
$47,779
Salaries, compensation and benefits (total)
$47,820
Professional fundraising fees
$0
Accounting fees
$1,000
Program services (functional)
$66,010
Management and general (functional)
$74,124

Balance sheet and other

Total assets, start of year
$384,250
Total assets, end of year
$1,520,937
Total liabilities, end of year
$0
Net assets, end of year
$1,520,937
Net assets without donor restrictions
$1,477,133
Net assets with donor restrictions
$43,804
Gross receipts
$1,294,222
Employees
0
Volunteers
0
Year formed
1989
State of legal domicile
AL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MONA MILLERPRESIDENT
Trustee or director, Officer
1$0
BRAD BURNSVICE PRESIDENT
Trustee or director, Officer
1$0
SHAVONNE CAMMACKSECRETARY
Trustee or director, Officer
1$0
ALEXIS TONEYTREASURER
Trustee or director, Officer
1$0
PAMELA BASSDIRECTOR
Trustee or director
0.5$0
CHARLIE BURRUSSDIRECTOR
Trustee or director
0.5$0
SARA COUEYDIRECTOR
Trustee or director
0.5$0
NANCY DOLLARDIRECTOR
Trustee or director
0.5$0
TERESA FOLY-BATTSDIRECTOR
Trustee or director
0.5$0
LAURA HALLDIRECTOR
Trustee or director
0.5$0
LORI KING-TAYLORDIRECTOR
Trustee or director
0.5$0
JUDISE LANIER-OWENSDIRECTOR
Trustee or director
0.5$0
JOANN PEREZDIRECTOR
Trustee or director
0.5$0
DAVID PERSONDIRECTOR
Trustee or director
0.5$0
ANNE MARIE REIDYDIRECTOR
Trustee or director
0.5$0
3 more people on this return
NameTitleHours / weekCompensation
KAROCKAS WATKINSDIRECTOR
Trustee or director
0.5$0
DON WESSELSDIRECTOR
Trustee or director
0.5$0
PATRICIA SIMSEX OFFICIO
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 21 people
NameTitleHours / weekCompensation
ALKA BHARGAVMEMBER
Trustee or director
0.5$0
AMBRIA LANKFORDMEMBER
Trustee or director
0.5$0
ARIN ZAPFMEMBER
Trustee or director
0.5$0
BRAD BURNSMEMBER
Trustee or director
0.5$0
CHARLIE BURRUSSMEMBER
Trustee or director
0.5$0
DANIEL KASAMBIRAMEMBER
Trustee or director
0.5$0
DAVID PERSONMEMBER
Trustee or director
1$0
DENETRA HARTZOG-MITCHELLMEMBER
Trustee or director
0.5$0
JOHN MEREDITHMEMBER
Trustee or director
0.5$0
KAROCKAS WATKINSMEMBER
Trustee or director
0.5$0
LATONYA MUMPFIELDMEMBER
Trustee or director
0.5$0
LAURA HALLMEMBER
Trustee or director
0.5$0
LORI KING-TAYLORMEMBER
Trustee or director
0.5$0
PATRICIA SIMSEX-OFFICIO MEMBER
Trustee or director
1$0
SHAVONNE CAMMACKMEMBER
Trustee or director
0.5$0
TRISTA GLADISHMEMBER
Trustee or director
0.5$0
VAN STRICKLANDMEMBER
Trustee or director
1$0
ALEXIS TONEYTREASURER
Officer
2.5$0
DICK REEVESVICE PRESIDENT
Officer
0.5$0
DR BETH B RICHARDSONPRESIDENT
Officer
1$0
MONA MILLERSECRETARY
Officer
1$0

Address and contacts

Address (IRS master file)
3421 MERIDIAN ST N, HUNTSVILLE, AL 35811-1544
In care of
% DEVELOPMENT OFFICE
Mailing address (990-N for 2021)
3421 MERIDIAN STREET N, HUNTSVILLE AL 35811
Principal officer (990 for 2024)
ALEXIS TONEY
Principal officer (990-N for 2021)
BETH B RICHARDSON, 3421 MERIDIAN STREET N, HUNTSVILLE AL 35811
Signed the 990
ALEXIS TONEY, TREASURER
Phone
(205) 933-7822
Return prepared by
MAULDIN & JENKINS LLC

Mission

THE FOUNDATION EXISTS TO RAISE AND MANAGE PRIVATE RESOURCES SUPPORTING THE MISSION AND PRIORITIES OF THE COLLEGE AND TO PROVIDE OPPORTUNITIES FOR STUDENTS AND A MARGIN OF INSTITUTIONAL EXCELLENCE NOT ACHIEVABLE WITH INSTITUTIONAL FUNDS ALONE. THE FOUNDATION IS DEDICATED TO ASSISTING THE COLLEGE IN THE BUILDING OF AN ENDOWMENT, AND IN ADDRESSING, THROUGH FINANCIAL SUPPORT, THE LONG-TERM ACADEMIC AND OTHER PRIORITIES OF THE COLLEGE.

990 for the year ended December 31, 2024

Program accomplishments

  • DRAKE STATE TECHNICAL COLLEGE FOUNDATION, INC. IS A NOT-FOR-PROFIT FOUNDATION INCORPORATED UNDER THE LAWS OF ALABAMA FOR THE PURPOSE OF STIMULATING VOLUNTARY PRIVATE SUPPORT FROM ALUMNI, PARENTS, FRIENDS, CORPORATIONS, FOUNDATIONS, AND OTHERS FOR THE BENEFIT OF DRAKE STATE COMMUNITY COLLEGE. IT EXISTS TO RAISE AND MANAGE PRIVATE RESOURCES SUPPORTING THE MISSION AND PRIORITIES OF THE COLLEGE AND TO PROVIDE OPPORTUNITIES FOR STUDENTS AND A MARGIN OF INSTITUTIONAL EXCELLENCE NOT ACHIEVABLE WITH INSTITUTIONAL FUNDS ALONE. THE FOUNDATION IS DEDICATED TO ASSISTING THE COLLEGE IN THE BUILDING OF AN ENDOWMENT AND IN ADDRESSING, THROUGH FINANCIAL SUPPORT, THE LONG TERM ACADEMIC AND OTHER PRIORTIES OF THE COLLEGE.
    Expenses $66,010 · grants $47,779 · revenue $1,177,168

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
63-1002142
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1989
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,520,937
Income (IRS master file)
$1,294,222

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,276,821$140,134$1,520,937IRS
990December 2023$319,840$248,315$384,250XML
990December 2022$229,288$88,860$311,737IRS
990-N for 2021
Officer: BETH B RICHARDSON
December 31, 2021≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: BETH B RICHARDSON
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: JOEL JAQUBINO
December 31, 2019≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 63-1002142).

Questions about DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC

What is the EIN of DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC?
The employer identification number (EIN) of DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC is 63-1002142.
Is DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC?
The 990 for the year ended December 31, 2024 names ALEXIS TONEY.
Who are the officers and directors of DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 18 people; 0 received compensation from the organization.
How much revenue does DRAKE STATE TECHNICAL COLLEGE FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,276,821, expenses of $140,134 and total assets of $1,520,937 at year end.

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