Lenoir Community College Foundation Inc is located in Kinston, NC. The organization was established in 1974. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Lenoir 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, Lenoir Community College Foundation Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $671.3k 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
SUPPORT LENOIR COMMUNITY COLLEGE BY PROVIDING STUDENT SCHOLARSHIPS, STAFF DEVELOPMENT, AND OTHER STUDENT SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE SUPPORT FOR LENOIR COMMUNITY COLLEGE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Rusty Hunt President Of | OfficerTrustee | $0 | |
Mrs Jeanne Kennedy Secretary | OfficerTrustee | $0 | |
Mrs Deborah Sutton Treasurer | OfficerTrustee | $0 | |
Mr Charles E Taylor Chairman, Go | OfficerTrustee | $0 | |
Dr Shirley L Dove Member | Trustee | $0 | |
Mr David Edwards Vice Chairma | Trustee | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $820,197 |
Investment income | $125,646 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $91,542 |
Net Gain/Loss on Asset Sales | $403,707 |
Net Income from Fundraising Events | -$16,520 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,514,133 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
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 | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $68,937 |
Office expenses | $22,355 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $114,945 |
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 | $129,414 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $671,256 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $4,030,929 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $282,448 |
Accounts receivable, net | $9,052 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $23,693 |
Prepaid expenses and deferred charges | $0 |
Investments—publicly traded securities | $4,237,867 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $12,180,001 |
Accounts payable and accrued expenses | $269 |
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 | $269 |
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 | $12,179,732 |
Over the last fiscal year, we have identified 1 grants that Lenoir Community College Foundation Inc has recieved totaling $400.
Awarding Organization | Amount |
---|---|
Jenkins-Tapp Foundation Inc Kinston, NC PURPOSE: PROGRAM SERVICES | $400 |
Organization Name | Assets | Revenue |
---|---|---|
North Greenville University Tigerville, SC | $119,067,807 | $70,918,977 |
Young Harris College Young Harris, GA | $174,387,873 | $47,760,154 |
William Peace University Raleigh, NC | $89,474,772 | $34,889,332 |
Truett Mcconnell University Inc Cleveland, GA | $54,652,969 | $32,427,096 |
Southern Virginia University Buena Vista, VA | $37,155,964 | $26,776,085 |
Spartanburg Methodist College Spartanburg, SC | $52,317,686 | $26,371,934 |
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
Louisburg College Louisburg, NC | $47,886,546 | $23,005,525 |
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Clinton College Rock Hill, SC | $6,214,571 | $5,235,874 |