Sandhills Community College Foundation Inc
- Assets
- $46.4m
- Revenue
- $6.7m
- Investments
- $45.9m
- Employees
- 0
- Location
- Pinehurst, NC
- Founding
- 02/1971
- Data as of
- 06/2021
- EIN
- 56-0946799
Organization Overview
Sandhills Community College Foundation Inc is located in Pinehurst, NC. The organization was established in 1971. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Sandhills 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, Sandhills Community College Foundation Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $3.5m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE MISSION OF SANDHILLS COMMUNITY COLLEGE IN THE COMMUNITY AND SEEK FINANCIAL SUPPORT FROM THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE MISSION OF SANDHILLS COMMUNITY COLLEGE IN THE COMMUNITY AND SEEK FINANCIAL SUPPORT FROM THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jj Jackson Board Vice Chair | OfficerTrustee | 1 | $0 |
Dr John Dempsey Secretary/treasurer | OfficerTrustee | 1 | $0 |
Kathy Mcpherson Board Chair | OfficerTrustee | 1 | $0 |
George Little Trustee Chair | OfficerTrustee | 1 | $0 |
Helen Probst Mills Development Committee Chai | OfficerTrustee | 1 | $0 |
Stan Bradshaw Finance Committee Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,072 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,823,762 |
| Noncash contributions included in lines 1a–1f | $443,628 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,834,834 |
| Total Program Service Revenue | $0 |
| Investment income | $524,415 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $220,413 |
| Net Income from Fundraising Events | $43,435 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,679,638 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $641,736 |
| Grants and other assistance to domestic individuals. | $1,150,810 |
| 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 | $115,736 |
| Pension plan accruals and contributions | $35,805 |
| Other employee benefits | $15,061 |
| Payroll taxes | $14,300 |
| 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 | $831 |
| Fees for services: Other | $45,539 |
| Advertising and promotion | $39,123 |
| Office expenses | $1,348,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,370 |
| Travel | $15,051 |
| 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 | $24,711 |
| All other expenses | $0 |
| Total functional expenses | $3,458,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $349,139 |
| Savings and temporary cash investments | $75,745 |
| Pledges and grants receivable | $11,682 |
| Accounts receivable, net | $6,212 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,423 |
| 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 | $45,900,740 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,350,941 |
| Accounts payable and accrued expenses | $98,475 |
| 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 | $1,060,227 |
| Total liabilities | $1,158,702 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $2,980,267 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $42,211,972 |
| Total liabilities and net assets/fund balances | $46,350,941 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Sandhills Community College Foundation Inc has recieved totaling $648,658.
| Awarding Organization | Amount |
|---|---|
William L And Josephine B Weiss Family Foundation Chicago, IL PURPOSE: EDUCATION | $210,200 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: FULL-TIME MEDICAL ASSISTANT INSTRUCTOR | $95,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: FULL-TIME MEDICAL ASSISTANT INSTRUCTOR | $95,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $69,328 |
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES | $52,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $45,500 |