Pitt Community College Foundation Inc
- Assets
- $7.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 05/1976
- Data as of
- 06/2023
- EIN
- 23-7376114
Organization Overview
Pitt Community College Foundation Inc is located in Greenville, NC. The organization was established in 1976. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pitt 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 06/2023, Pitt Community College Foundation Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $5.6m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Pitt Community College Foundation Inc has awarded 18 individual grants totaling $6,395,937. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PITT COMMUNITY COLLEGE FOUNDATION'S PURPOSE IS TO RECEIVE GIFTS AND SECURE EXTERNAL RESOURCES FOR SCHOLARSHIPS, ACADEMIC PROGRAMS, AND OTHER ACTIVITIES OF PITT COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO PITT COMMUNITY COLLEGE FOR SCHOLARSHIPS, STUDENT ACTIVITIES, ATHLETICS, AND CAMPUS CONSTRUCTION PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Ricky Brown Treasurer | OfficerTrustee | 4 | $0 |
Mrs Beth Sigmon Executive Dir. | Trustee | 40 | $0 |
Mr Randy Collier Chairman | OfficerTrustee | 1 | $0 |
Mr Donald Rhodes Vice-Chair | OfficerTrustee | 1 | $0 |
Mr Miles Minges Imm. Past Chair | OfficerTrustee | 1 | $0 |
Ms Simone Pate Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,819,336 |
| Noncash contributions included in lines 1a–1f | $135,083 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,819,336 |
| Total Program Service Revenue | $0 |
| Investment income | $132,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$205,706 |
| Net Income from Fundraising Events | $167,341 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,913,782 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,109,444 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,941 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,589 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $24,201 |
| 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 | $0 |
| All other expenses | $83,014 |
| Total functional expenses | $5,557,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,511,405 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,130,810 |
| Accounts receivable, net | $857 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,204,624 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,847,696 |
| Accounts payable and accrued expenses | $20,872 |
| Grants payable | $0 |
| Deferred revenue | $83,707 |
| 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 | $104,579 |
| Net assets without donor restrictions | $46,642 |
| Net assets with donor restrictions | $7,696,475 |
| 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 | $7,847,696 |
Grants Awarded
Over the last fiscal year, Pitt Community College Foundation Inc has awarded $5,109,444 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PITT COMMUNITY COLLEGE PURPOSE: Funding of construction | $4,716,552 |
PITT COMMUNITY COLLEGE PURPOSE: Funding of other programs | $9,215 |
PITT COMMUNITY COLLEGE PURPOSE: Funding of scholarships | $252,702 |
PITT COMMUNITY COLLEGE PURPOSE: Transfer of In-Kind Donations | $130,975 |