Haywood Community College Foundation Incorporated
- Assets
- $15.6m
- Revenue
- $1.4m
- Investments
- $7.9m
- Employees
- 3
- Location
- Clyde, NC
- Founding
- 11/1975
- Data as of
- 06/2022
- EIN
- 51-0172736
Organization Overview
Haywood Community College Foundation Incorporated is located in Clyde, NC. The organization was established in 1975. 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, Haywood Community College Foundation Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haywood Community College Foundation Incorporated 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, Haywood Community College Foundation Incorporated generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. While expenses have increased by 11.8% 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
SUPPORT HAYWOOD COMMUNITY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTED THE COLLEGE BY PROVIDING SCHOLARSHIPS AND DESIGNATED DONATIONS TO THE COLLEGE. THE FOUNDATION DISTRIBUTES MARKETING INFORMATION AND PROVIDES FUNDRAISING FOR THE COLLEGES BENEFIT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Bishop III Vice Chair | Officer | 4 | $0 |
Jon Overbay Chair | Officer | 4 | $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 | $577,161 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $577,161 |
| Total Program Service Revenue | $184,032 |
| Investment income | $601,885 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,000 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,365,078 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $138,111 |
| Pension plan accruals and contributions | $31,927 |
| Other employee benefits | $21,190 |
| Payroll taxes | $10,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $808 |
| Fees for services: Accounting | $6,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $309 |
| Advertising and promotion | $3,285 |
| Office expenses | $2,605 |
| Information technology | $27,428 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,866 |
| 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 | $2,500 |
| All other expenses | $0 |
| Total functional expenses | $1,024,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,885 |
| Savings and temporary cash investments | $740,059 |
| Pledges and grants receivable | $3,357 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $638 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $734,830 |
| Investments—publicly traded securities | $5,452,179 |
| Investments—other securities | $7,860,104 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,571,052 |
| Accounts payable and accrued expenses | $15,515 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $15,515 |
| Net assets without donor restrictions | $3,839,505 |
| Net assets with donor restrictions | $11,716,032 |
| 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 | $15,571,052 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Haywood Community College Foundation Incorporated has recieved totaling $91,441.
| Awarding Organization | Amount |
|---|---|
Frances Alexander Foundation Orlando, FL PURPOSE: GENERAL OPERATING | $40,611 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $25,000 |
Clayton & Frances Alexander Fdn Orlando, FL PURPOSE: GENERAL OPERATING | $10,193 |
East Tennessee Foundation Knoxville, TN PURPOSE: GEN/OPER SUPPORT | $10,000 |
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: IMPROVING EDUCATIONAL OPPORTUNITIES | $5,510 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $127 |
Endowment Analysis
| Beg. Balance | $11,794,700 |
| Earnings | -$2,008,558 |
| Net Contributions | $212,705 |
| Ending Balance | $9,998,847 |
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 |