WALLACE STATE COMMUNITY COLLEGE FUTURE FOUNDATION INC: Form 990, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: WALLACE STATE COMMUNITY COLLEGE FUTURE FOUNDATION INC (EIN 20-1438564)
Tax period: 2012-07-01 to 2013-06-30
Filed: 2013-11-14
IRS object ID: 201333189349302163
Schema version: 2012v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule D
Schedule G
Schedule I
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-11-14T09:51:23-06:00	Timestamp
Tax Period End Date	2013-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Field	Value	IRS element (for citing)
EIN	454084437	EIN

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	WARREN AVERETT LLC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	P O BOX 1245	AddressLine1
City	CULLMAN	City
State	AL	State
ZIP Code	350561245	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2012-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	201438564	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	WALLACE STATE COMMUNITY COLLEGE	BusinessNameLine1
Business Name Line2	FUTURE FOUNDATION INC	BusinessNameLine2

Field	Value	IRS element (for citing)
Name Control	WALL	NameControl
Phone	2563528144	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	801 MAIN STREET NW	AddressLine1
City	HANCEVILLE	City
State	AL	State
ZIP Code	35077	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	SHIRLEY QUATTLEBAUM	Name
Title	PRESIDENT	Title
Phone	2563528144	Phone
Date Signed	2013-11-13	DateSigned
Authorize Third Party	1	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
PTIN	P00086488	PTIN
Phone	2568413020	Phone

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	801 MAIN STREET NW	AddressLine1
City	HANCEVILLE	City
State	AL	State
ZIP Code	35077	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	359585	GrossReceipts
Group Return For Affiliates	0	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	2004	YearFormation
State Legal Domicile	AL	StateLegalDomicile
Activity Or Mission Description	TO BENEFIT THE EDUCATIONAL OBJECTIVES OF WALLACE STATE COMMUNITY COLLEGE.	ActivityOrMissionDescription
Nbr Voting Members Governing Body	17	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	17	NbrIndependentVotingMembers
Total Nbr Employees	0	TotalNbrEmployees
Total Nbr Volunteers	83	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Net Unrelated Business Txbl Income	0	NetUnrelatedBusinessTxblIncome
Contributions Grants Prior Year	551649	ContributionsGrantsPriorYear
Contributions Grants Current Year	359585	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	0	ProgramServiceRevenuePriorYear
Program Service Revenue CY	0	ProgramServiceRevenueCY
Investment Income Prior Year	518	InvestmentIncomePriorYear
Investment Income Current Year	0	InvestmentIncomeCurrentYear
Other Revenue Prior Year	0	OtherRevenuePriorYear
Other Revenue Current Year	0	OtherRevenueCurrentYear
Total Revenue Prior Year	552167	TotalRevenuePriorYear
Total Revenue Current Year	359585	TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year	166407	GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY	182859	GrantsAndSimilarAmntsCY
Benefits Paid To Members Prior Year	0	BenefitsPaidToMembersPriorYear
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	0	SalariesEtcPriorYear
Salaries Etc Current Year	0	SalariesEtcCurrentYear
Total Prof Fundrsng Exp Prior Year	0	TotalProfFundrsngExpPriorYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	1202	TotalFundrsngExpCurrentYear
Other Expense Prior Year	124682	OtherExpensePriorYear
Other Expenses Current Year	84447	OtherExpensesCurrentYear
Total Expenses Prior Year	291089	TotalExpensesPriorYear
Total Expenses Current Year	267306	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	261078	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	92279	RevenuesLessExpensesCY
Total Assets BOY	2034486	TotalAssetsBOY
Total Assets EOY	2104827	TotalAssetsEOY
Total Liabilities BOY	21938	TotalLiabilitiesBOY
Total Liabilities EOY	0	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	2012548	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	2104827	NetAssetsOrFundBalancesEOY
Mission Description	THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION THAT ASSISTS WALLACE STATE COMMUNITY COLLEGE, A PUBLIC INSTITUTION OF HIGHER EDUCATION, IN FULFILLING AND PERFORMING ITS EDUCATIONAL PURPOSES.	MissionDescription
Significant New Program Services	0	SignificantNewProgramServices
Significant Change	0	SignificantChange
Expense	252758	Expense
Grants	182859	Grants
Description	THE ORGANIZATION HAS ADVANCED THE EDUCATIONAL OBJECTIVES OF THE COLLEGE THROUGH THE SUBSIDATION OF STUDENTS AND FACULTY BY PROVIDING SCHOLARSHIPS, STIPENDS, AND MINI-GRANTS FOR EDUCATIONALLY-RELATED PROJECTS.	Description
Total Program Service Expense	252758	TotalProgramServiceExpense
Described In501 C3	1	DescribedIn501C3
Schedule B Required	1	ScheduleBRequired
Political Activities	0	PoliticalActivities
Lobbying Activities	0	LobbyingActivities
Subject To Proxy Tax	0	SubjectToProxyTax
Donor Advised Funds	0	DonorAdvisedFunds
Conservation Easements	0	ConservationEasements
Collections Of Art	0	CollectionsOfArt
Credit Counseling	0	CreditCounseling
Term Or Permanent Endowments	1	TermOrPermanentEndowments
Report Land Bldg Equip	1	ReportLandBldgEquip
Report Invest Oth Securities	0	ReportInvestOthSecurities
Report Prog Rel Invest	0	ReportProgRelInvest
Report Other Assets	1	ReportOtherAssets
Report Other Liabilities	0	ReportOtherLiabilities
Report Fin48 Footnote	0	ReportFin48Footnote
Independent Audit Financial Stmt	0	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	0	ConsolidatedAuditFinancialStmt
School	0	School
Foreign Office	0	ForeignOffice
Foreign Activities	0	ForeignActivities
More Than5000 K To Organizations	0	MoreThan5000KToOrganizations
More Than5000 K To Individuals	0	MoreThan5000KToIndividuals
Professional Fundraising	0	ProfessionalFundraising
Fundraising Activities	1	FundraisingActivities
Gaming	0	Gaming
Hospital	0	Hospital
Grants To Organizations	0	GrantsToOrganizations
Grants To Individuals	1	GrantsToIndividuals
Schedule J Required	0	ScheduleJRequired
Tax Exempt Bonds	0	TaxExemptBonds
Excess Benefit Transaction	0	ExcessBenefitTransaction
Prior Excess Benefit Transaction	0	PriorExcessBenefitTransaction
Loan To Officer Or DQP	0	LoanToOfficerOrDQP
Grant To Related Person	0	GrantToRelatedPerson
Bsnss Rltnshp With Organization	0	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	0	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	0	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	0	DeductibleNonCashContributions
Deductible Contributions Of Art	0	DeductibleContributionsOfArt
Terminated	0	Terminated
Partial Liquidation	0	PartialLiquidation
Disregarded Entity	0	DisregardedEntity
Related Entity	1	RelatedEntity
Related Org Controlled Entity	0	RelatedOrgControlledEntity
Transfers To Exempt Non Chrtbl Org	0	TransfersToExemptNonChrtblOrg
Activities Conducted Partnership	0	ActivitiesConductedPartnership
Schedule O Required	1	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	1	ComplianceWithBackupWitholding
Number Of Employees	0	NumberOfEmployees
Unrelated Business Income	0	UnrelatedBusinessIncome
Foreign Financial Account	0	ForeignFinancialAccount
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTrans
Taxable Party Notification	0	TaxablePartyNotification
Non Deductible Contributions	0	NonDeductibleContributions
Quid Pro Quo Contributions	1	QuidProQuoContributions
Quid Pro Quo Disclosure	1	QuidProQuoDisclosure
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOf
Funds To Pay Premiums	0	FundsToPayPremiums
Premiums Paid	0	PremiumsPaid
Form8899 Filed	1	Form8899Filed
Form1098 C Filed	1	Form1098CFiled
Indoor Tanning Services	0	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	17	NbrVotingGoverningBodyMembers
Number Independent Voting Members	17	NumberIndependentVotingMembers
Family Or Business Relationship	0	FamilyOrBusinessRelationship
Delegation Of Management Duties	0	DelegationOfManagementDuties
Changes To Organizing Docs	0	ChangesToOrganizingDocs
Material Diversion Or Misuse	0	MaterialDiversionOrMisuse
Members Or Stockholders	0	MembersOrStockholders
Election Of Board Members	0	ElectionOfBoardMembers
Decisions Subject To Approval	0	DecisionsSubjectToApproval
Minutes Of Governing Body	1	MinutesOfGoverningBody
Minutes Of Committees	1	MinutesOfCommittees
Officer Mailing Address	0	OfficerMailingAddress
Local Chapters	0	LocalChapters
Form990 Provided To Governing Body	1	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	1	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	1	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	1	RegularMonitoringEnforcement
Whistleblower Policy	0	WhistleblowerPolicy
Document Retention Policy	0	DocumentRetentionPolicy
Compensation Process CEO	0	CompensationProcessCEO
Compensation Process Other	0	CompensationProcessOther
Investment In Joint Venture	0	InvestmentInJointVenture
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	SUZANNE HARBIN	NamePerson
Telephone Number	2563528144	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	801 MAIN STREET NW	AddressLine1
City	HANCEVILLE	City
State	AL	State
ZIP Code	35077	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (19 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	Individual Trustee Or DirectorIndividualTrusteeOrDirector	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
DON HUBBARD
VICE PRESIDENT	0.00	X	0	0	0
DALE GREER
BOARD MEMBER	0.00	X	0	0	0
PHYLLIS BREWER
SECRETARY/TREASURER	0.00	X	0	0	0
FRED CESPEDES
BOARD MEMBER	0.00	X	0	0	0
DONNA GUTHRIE
BOARD MEMBER	0.00	X	0	0	0
BETTY LEETH HAYNES
BOARD MEMBER	0.00	X	0	0	0
BILLY JACKSON
BOARD MEMBER	0.00	X	0	0	0
GLORIA WILLIAMS
IMMEDIATE PAST PRESIDENT	0.00	X	0	0	0
SHIRLEY QUATTLEBAUM
PRESIDENT	0.00	X	0	0	0
NORRIS ATCHLEY
BOARD MEMBER	0.00	X	0	0	0
VICKI HAWSEY
BOARD MEMBER	0.00	X	0	0	0
HOWARD TINNEY
BOARD MEMBER	0.00	X	0	0	0
JEB WILLIAMSON
BOARD MEMBER	0.00	X	0	0	0
TIM COMPTON
BOARD MEMBER	0.00	X	0	0	0
HANK APEL
BOARD MEMBER	0.00	X	0	0	0
MIKE ECKENROD
BOARD MEMBER	0.00	X	0	0	0
R SCOTTY HOOPER
BOARD MEMBER	0.00	X	0	0	0
TOMESA SMITH
BOARD MEMBER	0.00	X	0	0	0
JIM WILLOBY
BOARD MEMBER	0.00	X	0	0	0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	0	TotalReportableCompFromOrg
Total Reportable Comp Frm Rltd Orgs	0	TotalReportableCompFrmRltdOrgs
Total Other Compensation	0	TotalOtherCompensation
Number Individuals GT100 K	0	NumberIndividualsGT100K
Formers Listed	0	FormersListed
Total Comp GT150 K	0	TotalCompGT150K
Compensation From Other Sources	0	CompensationFromOtherSources
Number Of Contractors GT100 K	0	NumberOfContractorsGT100K
Membership Dues	7447	MembershipDues
Fundraising Events	175720	FundraisingEvents
All Other Contributions	176418	AllOtherContributions
Total Contributions	359585	TotalContributions
Gross Income Fundraising Events	0	GrossIncomeFundraisingEvents
Cntrbtns Rprtd Fundraising Events	175720	CntrbtnsRprtdFundraisingEvents
Fundraising Direct Expenses	0	FundraisingDirectExpenses

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

Field	Value	IRS element (for citing)
Total Revenue Column	0	TotalRevenueColumn

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	359585	TotalRevenueColumn
Related Or Exempt Function Income	0	RelatedOrExemptFunctionIncome
Unrelated Business Revenue	0	UnrelatedBusinessRevenue
Exclusion	$0	ExclusionAmount

Grants To Domestic Individuals GrantsToDomesticIndividuals

Field	Value	IRS element (for citing)
Total	182859	Total
Program Services	182859	ProgramServices

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	3905	Total
Management And General	3905	ManagementAndGeneral

Advertising Advertising

Field	Value	IRS element (for citing)
Total	6000	Total
Management And General	6000	ManagementAndGeneral

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	3195	Total
Program Services	3195	ProgramServices

Conferences Meetings ConferencesMeetings

Field	Value	IRS element (for citing)
Total	736	Total
Program Services	736	ProgramServices

Insurance Insurance

Field	Value	IRS element (for citing)
Total	900	Total
Management And General	900	ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices
ALUMNI EXPENSES	29493	29493
STUDENT INVESTMENT LUNC	23258	23258
DONOR RELATIONS	4392	4392
COMMUNITY EVENTS	2717	2717

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	9851	Total
Program Services	6108	ProgramServices
Management And General	2541	ManagementAndGeneral
Fundraising	1202	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	267306	Total
Program Services	252758	ProgramServices
Management And General	13346	ManagementAndGeneral
Fundraising	1202	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	507467	BOY
EOY	254747	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	320234	BOY
EOY	979183	EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

Field	Value	IRS element (for citing)
BOY	826255	BOY
EOY	745407	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	255530	BOY
EOY	490	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	125000	BOY
EOY	125000	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	2034486	BOY
EOY	2104827	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	21938	BOY
EOY	0	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	21938	BOY
EOY	0	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	643028	BOY
EOY	751110	EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	340815	BOY
EOY	307542	EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	1028705	BOY
EOY	1046175	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2012548	BOY
EOY	2104827	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	2034486	BOY
EOY	2104827	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	92279	ReconcilationRevenueExpenses
Reconcilation Other Changes	0	ReconcilationOtherChanges
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	0	AccountantCompileOrReview
FS Audited	0	FSAudited
Federal Grant Audit Required	0	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
College Support Org170b1 Aiv	X	CollegeSupportOrg170b1Aiv

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	627588	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	293115	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	249989	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	557739	CurrentTaxYearMinus1Year
Current Tax Year	386398	CurrentTaxYear
Total	2114829	Total

Total170 Total170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	627588	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	293115	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	249989	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	557739	CurrentTaxYearMinus1Year
Current Tax Year	386398	CurrentTaxYear
Total	2114829	Total

Field	Value	IRS element (for citing)
Public Support Total170	2114829	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	1387	CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years	6477	CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years	7751	CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year	518	CurrentTaxYearMinus1Year
Total	16133	Total

Field	Value	IRS element (for citing)
Total Support	2130962	TotalSupport
Public Support Pertcentage170	0.99240	PublicSupportPertcentage170
Public Support Pertcent Prior Year	0.98830	PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170	X	ThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	RESTRICTED	ContributorNumber

Contributor Name Business ContributorNameBusiness

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	RESTRICTED	AggregateContributions

Schedule D IRS990ScheduleD

Current Year CurrentYear

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1028705	BeginningOfYearBalance
Contributions	17470	Contributions
End Of Year Balance	1046175	EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

Field	Value	IRS element (for citing)
Beginning Of Year Balance	1006475	BeginningOfYearBalance
Contributions	22230	Contributions
End Of Year Balance	1028705	EndOfYearBalance

Current Year Minus2 Years CurrentYearMinus2Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	876475	BeginningOfYearBalance
Contributions	130000	Contributions
End Of Year Balance	1006475	EndOfYearBalance

Current Year Minus3 Years CurrentYearMinus3Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	866475	BeginningOfYearBalance
End Of Year Balance	876475	EndOfYearBalance

Current Year Minus4 Years CurrentYearMinus4Years

Field	Value	IRS element (for citing)
Beginning Of Year Balance	853698	BeginningOfYearBalance
Investment Earnings Or Losses	12777	InvestmentEarningsOrLosses
End Of Year Balance	866475	EndOfYearBalance

Field	Value	IRS element (for citing)
Endowments Held By Unrelated Orgs	0	EndowmentsHeldByUnrelatedOrgs
Endowments Held By Related Orgs	0	EndowmentsHeldByRelatedOrgs
Total Of Book Value Land Buildings	0	TotalOfBookValueLandBuildings

Other Assets OtherAssets

Field	Value	IRS element (for citing)
Description	LAND HELD FOR SALE	Description
Book Value	125000	BookValue

Field	Value	IRS element (for citing)
Total Book Value Other Assets	125000	TotalBookValueOtherAssets

Form990 Schedule D Part XIII Form990ScheduleDPartXIII

Field	Value	IRS element (for citing)
Identifier	DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:	Identifier
Return Reference	PART V, LINE 4:	ReturnReference
Explanation	THE ORGANIZATION INTENDS TO HOLD THE PRINCIPAL AMOUNT OF THE ENDOWMENTS IN PERPITUITY.	Explanation

Schedule G IRS990ScheduleG

Events Information EventsInformation

Field	Value	IRS element (for citing)
Name Of Event1	LUNCHEON	NameOfEvent1
Gross Receipts Event1	113191	GrossReceiptsEvent1
Charitable Contributions Event1	113191	CharitableContributionsEvent1
Name Of Event2	ALUMNI EVENTS	NameOfEvent2
Gross Receipts Event2	62529	GrossReceiptsEvent2
Charitable Contributions Event2	62529	CharitableContributionsEvent2
Gross Receipts Total	175720	GrossReceiptsTotal
Charitable Contributions Total	175720	CharitableContributionsTotal

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Records Maintained	1	RecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII (15 entries)

Type Of GrantTypeOfGrant	Number Of RecipientsNumberOfRecipients	Amount Of Cash GrantAmountOfCashGrant	Method Of ValuationMethodOfValuation
GENERAL FOUNDATION SCHOLARSHIPS - FOR STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND MAINTAIN A 2.5 GPA.	108	80590
DUAL ENROLLMENT SCHOLARSHIP - FOR STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND MAINTAIN A 2.5 GPA AND ARE ENROLLED IN A STATE OF ALABAMA ACCREDITED SECONDARY SCHOOL.	87	38114
BAGWELL FAMILY SCHOLARSHIP AWARD - FOR STUDENTS ENROLLED IN A TECHNICAL PROGRAM WHO DEMONSTRATE FINANCIAL NEED AND MAINTAIN A 2.5 GPA.	18	14642
ANGELA JOY TIDWELL RESPIRATORY THERAPY ENDOWED SCHOLARSHIP - FOR SECOND YEAR RESPIRATORY THERAPY STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND MAINTAIN A 2.5 GPA	1	500
JAMES D. BAGWELL SCHOLARSHIP - FOR A SECOND YEAR STUDENT, WHO DEMONSTRATES FINANCIAL NEED AND MAINTAINS A 2.5 GPA.	1	1000
CULLMAN-JEFFERSON GAS SCHOLARSHIP - FOR A STUDENT WHO DEMONSTRATE FINANCIAL NEED, EXHIBITS OUTSTANDING ACADEMIC CREDENTIALS AND IS INVOLVED IN COMMUNITY SERVICE.	2	2492
WSCC SONOGRAPHY CLUB SCHOLARSHIP - FOR SONOGRAPHY STUDENTS THAT DEMONSTRATE A FINANCIAL NEED, MAINTAIN A CPA OF 3.75 OR HIGHER ON ALL SONOGRAPHY COURSEWORK, AN "A" ON CLINICAL EVALUATIONS AND DEMONSTRATE LEADERSHIP AND/OR COMMUNITY SERVICE	1	500
BIRMINGHAM FASTENERS SCHOLARSHIP - FOR STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND MAINTAINS A GPA OF 2.5 OR HIGHER	2	2161
FMI-MEDICAL SCHOLARSHIP - FOR STUDENTS ACCEPTED INTO THE MACHINE TOOL TECHNOLOGY DEGREE PROGRAM COMBINED WITH THE COMPUTER NUMBERIC CONTROL CERTIFICATE PROGRAM WHO DEMONSTRATE FINANCIAL NEED AND MAINTAIN A GPA OF 3.0 OR HIGHER.	5	4584
BARNABAS NURSING SCHOLARSHIP - FOR STUDENTS ENROLLED IN THE ASSOCIATES DEGREE NURSING PROGRAM WHO DEMONSTRATE FINANCIAL NEED AND MAINTAIN GPA OF 3.0 OR HIGHER.	3	3880
FRED AND HOLLY CESPEDES ENDOWED SCHOLARSHIP - FOR STUDENTS ENROLLED IN POULTRY SCIENCE, AGRICULTURE/HORTICULTURE AND RELATED PROGRAMS, DEMONSTRATE FINANCIAL NEED, MAINTAIN A GPA OF 3.0 OR HIGHER AND BE A HIGH SCHOOL GRADUATE FROM THE CULLMAN COUNTY SCHOOL SYSTEM.	2	2880
ZINA'S SCHOLARSHIP - FOR STUDENTS MAJORING IN MICROBIOLOGY WHO DEMONSTRATE FINANCIAL NEED AND MAINTAIN A 2.5 GPA.	2	1500
CULLMAN SAVINGS BANK SCHOLARSHIP - FOR STUDENTS WHO ARE CUSTOMERS, EMPLOYEES OF, OR DEPENDENTS OF EMPLOYEES OF CULLMAN SAVINGS BANK WHO DEMONSTRATE FINANCIAL NEED AND MAINTAIN A 2.5 GPA.	2	500
B. DON HALE ENDOWED SCHOLARSHIP - FOR STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND MAINTAIN GPA OF 2.5 OR HIGHER. PREFERENCE GIVEN TO PREVIOUS STUDENTS OF WEST POINT HIGH SCHOOL (CULLMAN COUNTY).	2	2500	0
BONITA THOMPSON KEITH RESPIRATORY THERAPY SCHOLARSHIP - FOR STUDENTS WHO DEMONSTRATE FINANCIAL NEED AND MAINTAIN A 3.0 OR HIGHER GPA, ACT SCORE OF 18 OR HIGHER, AND A SECOND YEAR STUDENT MAJORING IN RESPIRATORY THERAPY.	1	943

Form990 Schedule I Part IV Form990ScheduleIPartIV

Field	Value	IRS element (for citing)
Identifier	PROCEDURE FOR MONITORING GRANTS IN THE U.S.:	Identifier
Return Reference	PART I, LINE 2:	ReturnReference
Explanation	SCHEDULE I, PART I, LINE 2: FINANCIAL NEED AND PROGRAM ENROLLMENT ARE VERIFIED AT THE APPLICATION PROCESS. A SPREADSHEET LISTING ALL APPLICANTS IS PREPARED IN THE FOUNDATION OFFICE. THE APPLICATION SUMMARY IS REVIEWED BY 5-7 MEMBERS OF THE WSCC SCHOLARSHIP COMMITTEE. ONE OF THESE MEMBERS IS FROM THE FINANCIAL AID DEPARTMENT. ACTUAL APPLICATIONS ARE ALSO MADE AVAILABLE TO THE COMMITTEE. THE COMMITTEE ALSO PROVIDES INPUT REGARDING "BEST FIT" OF AVAILABLE SCHOLARSHIP FUNDS. RECIPIENTS SIGN A CONTRACT OF AWARD TERMS. STUDENT GRADES AND ATTENDANCE ARE REVIEWED AT EACH SEMESTER END. VOLUNTEER/COMMUNITY SERVICE HOURS ARE RECORDED ON TIME SHEETS AND VERIFIED.	Explanation

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (3 entries)

Return ReferenceReturnReference	ExplanationExplanation
FORM 990, PART VI, SECTION B, LINE 11	THE BOARD AND OFFICERS PROVIDES ALL SUPPORTING DOCUMENTS FOR PREPARATION OF THE INFORMATION RETURN AND THE BOARD REVIEWS THE FORM 990 PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12C	THERE IS NO FORMAL PROCESS SET FORTH TO MONITOR COMPLIANCE WITH THIS POLICY. IT IS EXPRESSLY KNOWN BY ALL DIRECTORS AND OFFICERS THAT CONFLICTS OF INTEREST ARE NOT ALLOWED.
FORM 990, PART VI, SECTION C, LINE 19	ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE FOR PUBLIC INSPECTION AT THE OFFICE OF THE ORGANIZATION AT 801 MAIN STREET, NW, HANCEVILLE, AL 35077.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	WALLACE STATE COMMUNITY COLLEGE	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	PO BOX 2000	AddressLine1
City	HANCEVILLE	City
State	AL	State
ZIP Code	35077	ZIPCode

Field	Value	IRS element (for citing)
EIN	630498828	EIN
Primary Activities	EDUCATION	PrimaryActivities
Legal Domicile State	AL	LegalDomicileState
Controlled Org	0	ControlledOrg

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	0	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	0	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	0	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	0	LoansOrGuaranteesFromOtherOrg
Dividends Related Organization	0	DividendsRelatedOrganization
Sale Of Assets To Other Org	0	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	0	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	0	ExchangeOfAssets
Rental Of Facilities To Other Orgs	0	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	0	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	0	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	0	PerformOfServicesByOtherOrgs
Sharing Of Facilities	1	SharingOfFacilities
Sharing Of Paid Employees	0	SharingOfPaidEmployees
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	0	OtherTransferToOtherOrg
Other Transfer From Other Org	0	OtherTransferFromOtherOrg