Tri-County Community College Foundation Inc
- Assets
- $371.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Murphy, NC
- Founding
- 02/1979
- Data as of
- 06/2022
- 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 (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. 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 06/2022, Tri-County Community College Foundation Inc generated $51.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $20.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE TRI-COUNTY COMMUNITY COLLEGE FOUNDATION HAS AWARDED 25 NEEDS-BASED SCHOLARSHIPS DURING THE 21-22 FISCAL YEAR, TOTALING $11,650. THESE 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 | 2 | $0 | |
Ray Swanson Vice-Chair | 1 | $0 | |
Korey Eller Treasurer | 1 | $0 | |
Helen Kilpatrick Secretary | 1 | $0 | |
Larry Kernea Board Member | 0.5 | $0 | |
Lumpy Lambert Board Member | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,289 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $6,047 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $51,336 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,630 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,256 |
| Other expenses | $1,227 |
| Total expenses | $20,763 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $370,316 |
| Other assets | $0 |
| Total assets | $371,044 |
| Total liabilities | $4,838 |
| Net assets or fund balances | $366,206 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tri-County Community College Foundation Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Cannon Foundation Inc Concord, NC PURPOSE: SUSTAINABLE AGRICULTURE PROGRAM | $125,000 |
Cannon Foundation Inc Concord, NC PURPOSE: SUSTAINABLE AGRICULTURE PROGRAM | $125,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Virginia Licensing & Ventures Group Charlottesville, VA | $21,114,215 | $9,580,641 |
Phoenix Academy Inc High Point, NC | $3,025,069 | $10,364,069 |
Elizabeth City State University Foundation Elizabeth City, NC | $21,052,714 | $2,780,872 |
Scago Educational Facilities Corporation For Pickens School Dis Easley, SC | $211,994,412 | $9,218,813 |
Unc-G Excellence Foundation Greensboro, NC | $187,420,574 | $12,267,071 |
Georgia Gwinnett College Foundationinc Lawrenceville, GA | $177,329,540 | $11,526,847 |
Augusta University Foundation Inc Augusta, GA | $77,382,154 | $9,045,973 |
University Of North Carolina At Asheville Foundation Inc Asheville, NC | $61,754,429 | $7,423,002 |
Marshall-Wythe School Of Law Foundation Williamsburg, VA | $56,391,482 | $7,245,738 |
Securing Assets For Education Moncks Corner, SC | $221,693,651 | $7,774,514 |
Horatio Alger Endowment Fund Alexandria, VA | $322,951,010 | $58,271,352 |
Old Dominion Athletic Foundation Norfolk, VA | $75,318,666 | $6,634,127 |