Tri-County Community College Foundation Inc
- Assets
- $417.5k
- Revenue
- $117.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Murphy, NC
- Founding
- 02/1979
- Data as of
- 06/2023
- EIN
- 56-1153015
Organization Overview
Tri-County Community College Foundation Inc is located in Murphy, NC. The organization was established in 1979. 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. Tri-County 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, Tri-County Community College Foundation Inc generated $117.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $84.7k during the year ending 06/2023. While expenses have increased by 7.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TCCCF'S PURPOSE IS TO AID, SUPPORT AND PROMOTE TEACHING, RESEARCH AND SERVICES IN VARIOUS EDUCATIONAL, SCIENTIFIC, SCHOLARLY, PROFESSIONAL, ARTISTIC AND CREATIVE ENDEAVORS OF TRI-COUNTY COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TCCCF AWARDED 23 NEEDS-BASED SCHOLARSHIPS FURING THE 22-23 FISCAL YEAR, TOTALLY $9,750. THE FUNDS WERE GIVEN TO LOW-INCOME STUDENTS IN HIGH-COST PROGRAMS IN AN EFFORT TO ALLEVIATE THEIR FINANCIAL BURDEN AND HELP THEM PURSUE THEIR EDUCATIONAL AND CAREER ASPIRATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Latulipe Chair / Executive Director | OfficerTrustee | 40 | $0 |
Ray Swanson Vice-Chair | OfficerTrustee | 1 | $0 |
Korey Eller Treasurer | OfficerTrustee | 1 | $0 |
Helen Kilpatrick Secretary | OfficerTrustee | 1 | $0 |
Larry Kernea Baord Member | 1 | $0 | |
Lumpy Lambert Baord Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $98,955 |
| Noncash contributions included in lines 1a–1f | $4,850 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $113,055 |
| Total Program Service Revenue | $8,605 |
| Investment income | $7,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$243 |
| Net Income from Fundraising Events | -$11,534 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $117,840 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,750 |
| 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 | $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 | $8,807 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,517 |
| Office expenses | $6,039 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $84,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,222 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $41,647 |
| 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 | $0 |
| Investments—publicly traded securities | $261,671 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $417,540 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $1,500 |
| 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 | $1,500 |
| Net assets without donor restrictions | $97,631 |
| Net assets with donor restrictions | $318,409 |
| 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 | $417,540 |