Sandhills Community College Foundation Inc
- Assets
- $46.5m
- Revenue
- $3.8m
- Investments
- $42.9m
- Employees
- 0
- Location
- Pinehurst, NC
- Founding
- 02/1971
- Data as of
- 06/2023
- 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 06/2023, Sandhills Community College Foundation Inc generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2023. 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
PROMOTE AND SUPPORT THE MISSION OF SANDHILLS COMMUNITY COLLEGE BY RAISING FUNDS 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 |
|---|---|---|---|
Tom Beddow Director | Trustee | 1 | $1 |
Susan Fletcher Director | Trustee | 1 | $1 |
Stan Bradshaw Finance Committee Chair | OfficerTrustee | 1 | $1 |
Sherry Knappenberger Director | Trustee | 1 | $1 |
Sally Bold Frick Director | Trustee | 1 | $1 |
Rosa G Ronalter Director | Trustee | 1 | $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 | $2,547,230 |
| Noncash contributions included in lines 1a–1f | $95,099 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,547,230 |
| Total Program Service Revenue | $0 |
| Investment income | $1,176,767 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$84,401 |
| Net Income from Fundraising Events | $47,424 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,771,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $382,823 |
| Grants and other assistance to domestic individuals. | $1,510,064 |
| 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 | $429,658 |
| Pension plan accruals and contributions | $51,302 |
| Other employee benefits | $24,783 |
| Payroll taxes | $32,058 |
| 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 | $271 |
| Fees for services: Other | $17,335 |
| Advertising and promotion | $23,914 |
| Office expenses | $1,055,920 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $79,729 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,772,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,551,042 |
| Savings and temporary cash investments | $56,950 |
| Pledges and grants receivable | $4,922 |
| Accounts receivable, net | $13,307 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $42,887,948 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,514,169 |
| Accounts payable and accrued expenses | $0 |
| 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 | $1,054,608 |
| Total liabilities | $1,054,608 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,914,561 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $43,545,000 |
| Total liabilities and net assets/fund balances | $46,514,169 |