Central Piedmont Community College Foundation Inc is located in Charlotte, NC. The organization was established in 1968. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, Central Piedmont Community College Foundation Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Central Piedmont 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, Central Piedmont Community College Foundation Inc generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $6.9m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
REMOVING FINANCIAL BARRIERS AND EXPANDING ACCESS TO OPPORTUNITIES: THROUGHOUT ITS HISTORY, CENTRAL PIEDMONT HAS BEEN A PLACE OF OPPORTUNITY AND TRANSFORMATION. THE CENTRAL PIEDMONT FOUNDATION SECURES PHILANTHROPIC SUPPORT TO INVEST IN SCHOLARSHIPS THAT MAKE THE COLLEGE ACCESSIBLE FOR STUDENTS WITH FINANCIAL NEED. SCHOLARSHIPS INCLUDE OPPORTUNITY SCHOLARSHIPS FOR STUDENTS FROM CHARLOTTE'S MOST ECONOMICALLY-CHALLENGED HIGH SCHOOLS AND NEIGHBORHOODS; PRESIDENTIAL SCHOLARSHIPS FOR HIGH-PERFORMING, UNDER-RESOURCED STUDENTS; TRANSFER SCHOLARSHIPS FOR STUDENTS PREPARING TO EARN A FOUR-YEAR DEGREE; AND CAREER-FOCUSED SCHOLARSHIPS FOR STUDENTS WHO ASPIRE TO ENTER THE WORKFORCE UPON GRADUATION. THESE RESOURCES ARE FUNDED WITH DESIGNATED EXPENDABLE, AND ENDOWED SUPPORT. FOR FISCAL YEAR 2021, THE FOUNDATION FUNDED MORE THAN 3,000 SCHOLARSHIPS. THE FOUNDATION WORKS TO EXPAND THE COLLEGE'S STUDENT EMERGENCY FUND, WHICH SERVES AS A CRITICAL RESOURCE FOR LOW-INCOME, AT-RISK STUDENTS. THIS FUND ADDRESSES THE OBSTACLES TO PERSISTENCE AND COMPLETION FACED BY STUDENTS AT CENTRAL PIEDMONT BY PROVIDING ONE-TIME GRANTS TO ASSIST WITH EMERGENCIES AND UNEXPECTED EXPENSES, INCLUDING THOSE CAUSED OR EXASCERBATED BY THE COVID-19 PANDEMIC. IN 2021, THE FOUNDATION SUPPORTED AND ASSISTED IN THE LOAN OF CHROMEBOOKS AND WIFI TO MORE THAN 250 STUDENTS AND EMPLOYEES. ADDITIONALLY, THE FOUNDATION WORKED WITH THE COLLEGE'S SINGLE STOP OFFICE TO INCREASE EXISTING ONE-TIME STUDENT EMERGENCY GRANTS FROM $250 TO $500 PER STUDENT FOR THOSE IMPACTED BY THE PANDEMIC.
ENSURING INSTRUCTIONAL EXCELLENCE AND RELEVANCE: THE FOUNDATION SUPPORTS CENTRAL PIEDMONT BY PROVIDING RESOURCES THAT ENCOURAGE, DEVELOP, AND RECOGNIZE EXCELLENCE OF COLLEGE FACULTY AD STAFF, THEREBY STRENGTHENING THE COLLEGE'S ABILITY TO PROVIDE THE RELEVANT EDUCATION AND HANDS-ON LEARNING EXPERIENCES THAT EQUIP STUDENTS FOR PRODUCTIVE MEANINGFUL LIVES AND POSITION THEM TO CONTRIBUTE TO THE GROWTH AND VITALITY OF THE REGION. IN FISCAL YEAR 2021, WITH SUPPORT FROM A LONG-TIME AND GENEROUS DONOR, CENTRAL PIEDMONT ESTABLISHED THE PARR CENTER FOR TEACHING AND LEARNING EXCELLENCE THAT SUPPORTS PROFESSIONAL DEVELOPMENT TO ENSURE THAT FACULTY KNOWLEDGE AND SKILLS ARE AT THE HIGHEST LEVELS TO MEET THE EVOLVING EDUCATIONAL AND TRAINING NEEDS OF STUDENTS. THESE RESOURCES ARE FUNDED WITH DESIGNATED, EXPENDABLE AND ENDOWED SCHOLARSHIP SUPPORT.
FOSTERING ECONOMIC MOBILITY AND RESPONDING TO COMMUNITY NEEDS: CENTRAL PIEDMONT IS INTEGRAL TO CREATING PATHWAYS TO SELF-SUFFICIENCY AND ECONOMIC MOBILITY. THE FOUNDATION PARTNERS WITH THE COLLEGE IN FACILITATING BUSINESS AND INDUSTRY PARTNERSHIPS THAT POSITION THE COLLEGE TO DELIVER FOCUSED, SPECIFIC SKILLS TRAINING THAT CREATE OPPORTUNITIES FOR ECONOMIC MOBILITY WHILE ADDRESSING PRESSING WORKFORCE NEEDS. THE COLLEGE'S ACCELERATED CAREER TRAINING PROGRAM PROVIDES SHORT-TERM, CAREER-FOCUSED TRAINING THAT LEADS TO EMPLOYMENT FOR ADULTS WHO RESIDE IN CHARLOTTE'S LEAST ECONOMICALLY MOBILE NEIGHBORHOODS. ADDITIONALLY, PHILANTHROPIC INVESTMENT PERMITS THE COLLEGE TO EXPAND ITS CAPACITY TO PREPARE QUALIFIED EARLY CHILDHOOD EDUCATORS, THEREBY EXTENDING GREATER ACCESS TO EDUCATIONAL OPPORTUNITIES AND A STRONGERFOUNDATION FOR YOUNG CHILDREN IN MECKLENBURG COUNTY.
SUPPORTING STUDENT SUCCESS, EQUITY, AND ENGAGEMENT: AS AN OPEN-DOOR INSTITUTION, CENTRAL PIEDMONT STRIVES TO PROVIDE ITS DIVERSE STUDENT BODY WITH THE TOOLS AND SUPPORT SERVICES NECESSARY TO FACILITATE SUCCESS. THE FOUNDATION'S WORK ENHANCES THE COLLEGE'S CAPACITY TO ADDRESS THE FACTORS THAT ARE IMPEDIMENTS TO STUDENT RETENTION AND COMPLETION BY CREATING A CULTURE THAT PROMOTES STUDENT SUCCESS AND EXPANDS OPPORTUNITIES FOR STUDENT TO ENGAGE WITH AND MAKE MEANINGFUL CONNECTS TO THE COLLEGE. SERVICES FOR STUDENTS INCLUDE PERSONAL AND ACADEMIC COUNSELING, ACADEMIC AND CAREER ADVISING, SUMMER BRIDGE, SINGLE STOP, DISABILITY SERVICES, FAMILY RESOURCE AND FINANCIAL ADVISING SERVICES, MILITARY FAMILY AND VETERANS SERVICES, AND OUT-OF-CLASSROOM EXPERIENCES SUCH AS INTERNSHIPS, SERIVCE LEARNING, AND STUDY ABROAD. THESE RESOURCES ARE FUNDED WITH DESIGNATED, EXPENDABLE, AND ENDOWED SUPPORT.RESPONDING TO PRESENT AND EMERGING NEEDS: THE CENTRAL PIEDMONT FOUNDATION ENGAGES DONOR SUPPORT AT ALL LEVELS TO PROVIDE THE COLLEGE WITH THE RESOURCES REQUIRED TO RESPOND TO THE CURRENT AND EVOLVING PRIORITIES AND NEEDS OF ITS STUDENTS AND THE COMMUNITY. EXPENDABLEDONATIONS TO THE CENTRAL PIEDMONT ANNUAL FUND HELP TO SUSTAIN THE COLLEGE'S ESSENTIAL OPERATIONS AND CORE COMMITMENTS TO FINANCIAL AID AND INSTRUCTIONAL EXCELLENCE AND PROVIDE STUDENTS WITH THE RESOURCES AND SERVICES TO ENSURE THEIR SUCCESS.PROPERTY LEASE: THE FOUNDATION SUPPORTS CENTRAL PIEDMONT BY LEASING CERTAIN FOUNDATION OWNED PROPERTY TO THE COLLEGE FOR CLASSROOMS AND FACULTY OFFICE SPACE WHILE MULTI-YEAR CONSTRUCTION PROJECTS ARE COMPLETED ON CAMPUS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kevin Mccarthy Evp Instl. Adv., Asst. Secretary | Officer | 20 | $117,410 |
Katie Jones CPA Avp Found. Finance, Asst. Treasurer | Officer | 40 | $103,595 |
Deborah L Edwards Secretary | OfficerTrustee | 0.25 | $0 |
J Carlton Showalter Jr Vice President | OfficerTrustee | 0.25 | $0 |
Weston M Andress President | OfficerTrustee | 0.25 | $0 |
Gary E Labrosse Treasurer | OfficerTrustee | 0.25 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $49,923 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $9,800,674 |
Noncash contributions included in lines 1a–1f | $1,227,439 |
Total Revenue from Contributions, Gifts, Grants & Similar | $9,850,597 |
Total Program Service Revenue | $265,062 |
Investment income | $12,053 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $123,119 |
Net Income from Fundraising Events | $119,972 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $10,371,013 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $5,072,031 |
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 | $184,286 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $19,133 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $40,419 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $130,817 |
Fees for services: Other | $85,530 |
Advertising and promotion | $0 |
Office expenses | $34,112 |
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 | $90,916 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $13,053 |
Insurance | $0 |
All other expenses | $101,463 |
Total functional expenses | $6,886,067 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,718,951 |
Savings and temporary cash investments | $11,428,255 |
Pledges and grants receivable | $11,349,886 |
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 | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $3,343,131 |
Investments—publicly traded securities | $0 |
Investments—other securities | $45,964,524 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $289,659 |
Total assets | $77,094,406 |
Accounts payable and accrued expenses | $28,760 |
Grants payable | $0 |
Deferred revenue | $19,999 |
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 | $1,680,876 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $188,137 |
Total liabilities | $1,917,772 |
Net assets without donor restrictions | $14,282,660 |
Net assets with donor restrictions | $60,893,974 |
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 | $77,094,406 |
Over the last fiscal year, we have identified 29 grants that Central Piedmont Community College Foundation Inc has recieved totaling $11,876,187.
Awarding Organization | Amount |
---|---|
The Merancas Foundation Inc Charlotte, NC PURPOSE: STUDENT SCHOLARSHIPS AND SUPPORT FOR | $8,100,000 |
The Merancas Foundation Inc Charlotte, NC PURPOSE: SCHOLARSHIPS FOSTERING ECONOMIC INDE | $2,000,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $625,657 |
Gambrell Foundation Charlotte, NC PURPOSE: GENERAL PURPOSE | $425,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $250,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $170,000 |
Beg. Balance | $33,798,635 |
Earnings | $10,761,642 |
Net Contributions | $1,001,707 |
Ending Balance | $45,561,984 |