Pitt Community College Foundation Inc
- Assets
- $9.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Greenville, NC
- Founding
- 05/1976
- Data as of
- 06/2021
- 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 06/2021, Pitt Community College Foundation Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $703.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Pitt Community College Foundation Inc has awarded 13 individual grants totaling $1,335,945. 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
2021
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 |
Mr Randy Collier Chairman | OfficerTrustee | 1 | $0 |
Mr Miles Minges Imm. Past Chair | OfficerTrustee | 1 | $0 |
Ms Simone Pate Secretary | OfficerTrustee | 1 | $0 |
Mr Donald Rhodes Vice-Chair | OfficerTrustee | 1 | $0 |
Ms Lori Preast Director | Trustee | 0.5 | $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 | $829,064 |
| Noncash contributions included in lines 1a–1f | $95,870 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $829,064 |
| Total Program Service Revenue | $0 |
| Investment income | $76,801 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,326 |
| Net Income from Fundraising Events | $48,669 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,073,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $343,806 |
| 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 | $15,432 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,063 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,548 |
| 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 | $23,231 |
| Total functional expenses | $703,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,619,653 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $271,117 |
| Accounts receivable, net | $468 |
| 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 | $3,914,826 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,806,064 |
| Accounts payable and accrued expenses | $28,046 |
| Grants payable | $0 |
| Deferred revenue | $1,004 |
| 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 | $29,050 |
| Net assets without donor restrictions | $225,445 |
| Net assets with donor restrictions | $9,551,569 |
| 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 | $9,806,064 |
Grants Awarded
Over the last fiscal year, Pitt Community College Foundation Inc has awarded $343,806 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PITT COMMUNITY COLLEGE PURPOSE: Funding of scholarships | $268,623 |
PITT COMMUNITY COLLEGE PURPOSE: Funding of equipment | $53,076 |
PITT COMMUNITY COLLEGE PURPOSE: Transfer of In-Kind Donations | $13,690 |
PITT COMMUNITY COLLEGE PURPOSE: Funding of other programs | $8,417 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Pitt Community College Foundation Inc has recieved totaling $325,205.
| Awarding Organization | Amount |
|---|---|
The Eddie And Jo Allison Smith Family Foundation Inc Greenville, NC PURPOSE: VISIONS PROGRAM | $224,434 |
Townebank Foundation Suffolk, VA PURPOSE: GEN. CHARITABLE | $40,000 |
Southern Bank Foundation Mount Olive, NC PURPOSE: DONATION | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $14,805 |
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $8,100 |
Bill And Agnes Monk Family Foundation Greenville, NC PURPOSE: GENERAL FUND | $5,500 |
Endowment Analysis
| Beg. Balance | $3,486,310 |
| Earnings | $674,111 |
| Net Contributions | $303,526 |
| Grants | $164,910 |
| Ending Balance | $4,299,037 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Educational Foundation Inc Chapel Hill, NC | $193,854,804 | $63,834,996 |
Nc Student Aid Association Inc Raleigh, NC | $102,296,557 | $23,877,668 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Georgia Goal Scholarship Program Inc Peachtree Corners, GA | $58,000,031 | $45,569,079 |
Meeting Street Schools Charleston, SC | $31,326,851 | $31,027,510 |
Georgia State University Athletic Association Inc Atlanta, GA | $12,025,331 | $28,251,593 |
The North Carolina A&t Real Estate Foundation Inc Greensboro, NC | $169,150,909 | $33,021,773 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |