Wilkes Community College Foundation Inc
- Assets
- $12.3m
- Revenue
- $8.2m
- Investments
- $0.0
- Employees
- 219
- Location
- Wilkesboro, NC
- Founding
- 12/1973
- Data as of
- 06/2022
- EIN
- 23-7338790
Organization Overview
Wilkes Community College Foundation Inc is located in Wilkesboro, NC. The organization was established in 1973. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. As of 06/2022, Wilkes Community College Foundation Inc employed 219 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wilkes Community College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Wilkes Community College Foundation Inc generated $8.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $4.0m during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HELPING THE STUDENTS OF WILKES COMMUNITY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVEMENTS OF WILKES COMMUNITY COLLEGE CAMPUS AND HELPING THE STUDENTS OF THE COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Phillips Exec Director | Officer | 40 | $100,784 |
Jim Smoak Vice President | OfficerTrustee | 1 | $0 |
Arnold Lakey President | OfficerTrustee | 1 | $0 |
William Watts Treasurer | OfficerTrustee | 1 | $0 |
Carolyn Brookshire Pardue Secretary | OfficerTrustee | 1 | $0 |
David Deal Director | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Se System Inc Technology | 6/29/22 | $599,966 |
Party Time Rentals Inc Services | 6/29/22 | $351,933 |
Laerdal Medical Corporation Medical Equipment | 6/29/22 | $166,088 |
Wj Office Office Supplies | 6/29/22 | $310,097 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $145,334 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,973,551 |
| Noncash contributions included in lines 1a–1f | $2,296,506 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,118,885 |
| Total Program Service Revenue | $0 |
| Investment income | $246,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$101,908 |
| Net Income from Fundraising Events | $1,835,100 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,211,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,849,048 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,494 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,682 |
| All other expenses | $4,610 |
| Total functional expenses | $3,998,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,020,041 |
| Pledges and grants receivable | $1,172,887 |
| Accounts receivable, net | $87,638 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,116 |
| Prepaid expenses and deferred charges | $22,383 |
| Net Land, buildings, and equipment | $301,184 |
| Investments—publicly traded securities | $5,700,297 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,311,546 |
| Accounts payable and accrued expenses | $297,721 |
| Grants payable | $0 |
| Deferred revenue | $56,699 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $354,420 |
| Net assets without donor restrictions | $3,942,363 |
| Net assets with donor restrictions | $8,014,763 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $12,311,546 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Wilkes Community College Foundation Inc has recieved totaling $353,824.
| Awarding Organization | Amount |
|---|---|
Strickland Family Foundation Winston Salem, NC PURPOSE: EDUCATION | $276,000 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: EDUCATION | $41,990 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 2 GRANT(S) FOR VARYING PURPOSES | $10,000 |
Wilkes Education Foundation Inc North Wilkesboro, NC PURPOSE: SCHOLARSHIPS | $8,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $7,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,834 |
Endowment Analysis
| Beg. Balance | $2,277,258 |
| Earnings | -$719,294 |
| Net Contributions | $3,850,549 |
| Ending Balance | $5,408,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Clinton College Rock Hill, SC | $6,214,571 | $5,235,874 |
Wilkes Community College Foundation Inc Wilkesboro, NC | $12,311,546 | $8,211,087 |
Wake Technical Community College Foundation Inc Raleigh, NC | $24,851,874 | $5,743,743 |
Walters State Community College Foundation Morristown, TN | $27,157,062 | $3,646,836 |
Abraham Baldwin Agricultural College Foundation Inc Tifton, GA | $42,241,656 | $6,873,276 |
Virginia Western Community College Educational Founation Inc Roanoke, VA | $30,928,944 | $10,106,195 |
Aquinas College Nashville, TN | $18,354,777 | $2,556,785 |
Piedmont Virginia Community College Educational Foundation Charlottesville, VA | $30,849,445 | $4,502,889 |
John A Gupton College Nashville, TN | $6,054,249 | $2,115,148 |