North Carolina Community College Foundation
- Assets
- $10.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 03/1987
- Data as of
- 06/2022
- EIN
- 56-1535785
Organization Overview
North Carolina Community College Foundation is located in Raleigh, NC. The organization was established in 1987. 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. North Carolina Community College Foundation 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, North Carolina Community College Foundation generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 13.7% per year over the past 7 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.
Since 2016, North Carolina Community College Foundation has awarded 67 individual grants totaling $3,638,925. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NORTH CAROLINA COMMUNITY COLLEGES FOUNDATION, INC. IS A NON-PROFIT FOUNDATION WORKING TO ENHANCE THE CAPACITY OF THE NORTH CAROLINA COMMUNITY COLLEGE SYSTEM AND ITS COMMUNITY COLLEGES TO INCREASE PUBLIC ADVOCACY, ENCOURAGE INNOVATION, RECOGNIZE EXCELLENCE AND BUILD CAPACITY FOR LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WAS ESTABLISHED TO SUPPORT, PROMOTE, AND ASSIST THE MISSION OF THE COMMUNITY COLLEGES SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Jackson Chair | OfficerTrustee | 1 | $0 |
Thomas Stith III Secretary | OfficerTrustee | 1 | $0 |
Donny Hicks Vice Chair | OfficerTrustee | 1 | $0 |
Jim Bryan Member | Trustee | 1 | $0 |
Barry Sink Treasurer | OfficerTrustee | 1 | $0 |
Brenda Berg Member | 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 | $1,263,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,263,243 |
| Total Program Service Revenue | $0 |
| Investment income | $457,844 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $190,559 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,911,646 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,325,453 |
| Grants and other assistance to domestic individuals. | $63,679 |
| 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 | $27,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,224 |
| Fees for services: Other | $22,927 |
| Advertising and promotion | $4,677 |
| Office expenses | $707 |
| Information technology | $462 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,438 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,246 |
| All other expenses | $0 |
| Total functional expenses | $1,522,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,579 |
| Savings and temporary cash investments | $2,037,337 |
| Pledges and grants receivable | $0 |
| 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 | $5,306 |
| Investments—publicly traded securities | $8,571,954 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $181,863 |
| Total assets | $10,817,039 |
| Accounts payable and accrued expenses | $9,205 |
| 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 | $9,205 |
| Net assets without donor restrictions | $7,118,155 |
| Net assets with donor restrictions | $3,689,679 |
| 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 | $10,817,039 |
Grants Awarded
Over the last fiscal year, North Carolina Community College Foundation has awarded $1,045,250 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
HALIFAX COMMUNITY COLLEGE FOUNDATION INC PURPOSE: SCHOLARSHIPS AND GRANT DEVELOPMENT | $103,500 |
VANCE-GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND PURPOSE: SCHOLARSHIPS AND GRANT DEVELOPMENT | $106,000 |
CLEVELAND COMMUNITY COLLEGE FOUNDATION INC PURPOSE: SCHOLARSHIPS AND GRANT DEVELOPMENT | $7,500 |
GASTON COLLEGE PURPOSE: SCHOLARSHIPS AND GRANT DEVELOPMENT | $8,000 |
ALAMANCE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS AND GRANT DEVELOPMENT | $5,500 |
BLUE RIDGE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS AND GRANT DEVELOPMENT | $6,000 |