Haywood Community College Foundation Incorporated
- Assets
- $16.7m
- Revenue
- $951.3k
- Investments
- $7.8m
- Employees
- 3
- Location
- Clyde, NC
- Founding
- 11/1975
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Haywood Community College Foundation Incorporated generated $951.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $920.0k during the year ending 06/2023. While expenses have increased by 8.8% per year over the past 8 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
2023
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 | $15,815 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $844,613 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $860,428 |
| Total Program Service Revenue | $5,280 |
| Investment income | $85,573 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $951,281 |
| 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 | $109,195 |
| Pension plan accruals and contributions | $39,339 |
| Other employee benefits | $22,417 |
| Payroll taxes | $12,272 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,924 |
| Office expenses | $3,697 |
| Information technology | $23,600 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $441 |
| 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 | $919,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,046,795 |
| Savings and temporary cash investments | $756,279 |
| Pledges and grants receivable | $6,037 |
| 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 | $913 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $734,830 |
| Investments—publicly traded securities | $6,281,866 |
| Investments—other securities | $7,840,079 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,666,799 |
| Accounts payable and accrued expenses | $18,750 |
| 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 | $18,750 |
| Net assets without donor restrictions | $3,781,528 |
| Net assets with donor restrictions | $12,866,521 |
| 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 | $16,666,799 |