Public Charity

WALTERS STATE COMMUNITY COLLEGE FOUNDATION

WALTERS STATE COMMUNITY COLLEGE FOUNDATION is a Public Charity headquartered in Morristown, TN. Financial data from the 2025 filing: $2.3M revenue, $2.0M expenses, $25.8M total assets. 10 publicly reported grants to this organization, totaling roughly $190K, appear in IRS filings.

EIN: 510162364 Morristown, TN Two-Year Colleges NTEE: B41 Latest filing: 2025
Total Revenue$2.3M
Total Expenses$2.0M
Total Assets$25.8M
Grant Records10
Funding Total$190K
Filing Years2021–2025

Mission

It is the mission of Walters State Community College Foundation to promote and support literary, scientific, educational scholarship, research, charitable and development purposes and objectives at Walters State Community College, and to achieve results as a 501(c)3 public charity consistent with the laws of the State of Tennessee and the Internal Revenue Service.

Where $100 goes at Walters State Community College Foundation

How Walters State Community College Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.

$96 Programs the work itself
$4 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $96 for programs

$58
Supported Walters State Community College with payments to or on behalf of the college in support of their mission that included campus and instructional improvements
60% of program spending
$32
Scholarships awarded to Walters State students for 2024-25 academic year and awards to faculty and staff of Walters State Community College
33% of program spending · Reported in the filing: 25 awards
$6
Expenditures to promote the college and support departments of the college
7% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

Vice President for Student Affairs Angela Smith
Vice President Academic Affairs Brock Fisher
Foundation Secretary Frank Mcguffin
Vice President Communications and Marketing James Pectol
Foundation Vice President Justin Cook
Treasurer and Vice President Business and Finance Walters State Community College Mark Hurst

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$73,300 7 grants
Education
$9,000 1 grant
Unspecified
$107,280 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $2.3M $2.0M $25.8M
2024 $1.6M $1.6M $25.1M
2023 $683K $1.3M $23.6M
2022 $1.2M $1.6M $23.4M
2021 $3.6M $2.8M $27.2M

Between 2021 and 2025, reported annual revenue declined from $3.6M to $2.3M (-37%), with total assets most recently reported at $25.8M.

Interactive year-over-year charts and full filing details available with membership.

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