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 06/2022, 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 represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 2022, THE FOUNDATION FUNDED MORE THAN 3,400 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 EXACERBATED BY THE COVID-19 PANDEMIC. IN 2022, THE FOUNDATION SUPPORTED AND ASSISTED IN THE LOAN OF CHROMEBOOKS AND WIFI TO MORE THAN 700 STUDENTS AND EMPLOYEES. ADDITIONALLY, THE FOUNDATION WORKED WITH THE COLLEGE'S SINGLE STOP OFFICE TO PROVIDE ONE-TIME STUDENT EMERGENCY GRANTS OF $500 PER STUDENT FOR THOSE NEEDING ASSISTANCE.
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. EXPENDABLE DONATIONS 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.
THROUGH ITS EXTENSIVE EDUCATIONAL PROGRAMS, CENTRAL PIEDMONT OFFERS INDIVIDUALS THE OPPORTUNITY TO EARN AN ASSOCIATE DEGREE, WORK TOWARD A FOUR-YEAR DEGREE, OR TAKE A DIRECT PATH TO EMPLOYMENT. THE COLLEGE OFFERS NEARLY 300 PROGRAMS IN 12 CAREER FIELDS WITH MORE THAN 55 PROFESSIONAL PATHWAYS SO THAT STUDENTS ARE PREPARED FOR A REAL-WORLD CAREER. CLASSES ARE DESIGNED FOR CLOSE-KNIT LEARNING WITH A 19:1 AVERAGE STUDENT TO TEACHER RATIO. STUDENTS LEARN FROM FACULTY WITH ACTUAL CAREER EXPERIENCE AND A HANDS-ON EXPERIENTIAL APPROACH. HUNDREDS OF ONLINE CLASSES AND CONTINUING EDUCATION PROGRAMS ARE AVAILABLE TO PREPARE STUDENTS FOR THE NEXT STEP IN THEIR CAREER. THESE EDUCATIONAL PROGRAMS COMBINE TO EQUIP STUDENTS FOR PRODUCTIVE, MEANINGFUL LIVES AND POSITION THEM TO CONTRIBUTE TO THE GROWTH AND VITALITY OF THE REGION.
THE FOUNDATION SUPPORTS CENTRAL PIEDMONT BY PROVIDING RESOURCES TO ENCOURAGE, DEVELOP, AND RECOGNIZE COLLEGE FACULTY AND STAFF EXCELLENCE. THE FOUNDATION SUPPORTS PROFESSIONAL DEVELOPMENT, STRATEGIC PLANNING OPPORTUNITIES, FACULTY FELLOWSHIPS, AND EMPLOYEE RECOGNITION AWARDS. WITH FOUNDATION FUNDING, THE COLLEGE'S CENTER FOR TEACHING AND LEARNING EXCELLENCE PROVIDES PROFESSIONAL DEVELOPMENT TO ENSURE THAT FACULTY KNOWLEDGE AND SKILLS ARE AT THE HIGHEST LEVELS TO MEET THE EVOLVING EDUCATIONAL AND TRAINING NEEDS OF STUDENTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Weston M Andress President | OfficerTrustee | 0.25 | $0 |
J Carlton Showalter Jr Vice President | OfficerTrustee | 0.25 | $0 |
Deborah L Edwards Secretary | OfficerTrustee | 0.25 | $0 |
Gary E Labrosse Treasurer | OfficerTrustee | 0.25 | $0 |
Richard L Anderson Director | Trustee | 0.25 | $0 |
Lewis B Barnhardt Director | Trustee | 0.25 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $9,850,597 |
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 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 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 | $0 |
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 |
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 | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $75,176,634 |