Asheville-Buncombe Technical Community College Foundation Inc

Organization Overview

Asheville-Buncombe Technical Community College Foundation Inc is located in Asheville, NC. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Asheville-Buncombe Technical 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, Asheville-Buncombe Technical Community College Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE IN ALL OF ITS PROGRAMS AND ACTIVITIES TO ENSURE THAT QUALITY EDUCATIONAL OPPORTUNITIES ARE AVAILABLE TO ITS STUDENTS, FACULTY, AND STAFF.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES SUPPORT TO THE CAMPUS IN THE FORM OF FUNDING FOR CAPITAL PROJECTS, DEPARTMENTAL SUPPORT, AND OTHER PROJECTS.


PROFESSIONAL DEVELOPMENT - THE FOUNDATION CONTINUES TO SUPPORT THE NEEDS OF ADDITIONAL STAFF, FACULTY, AND ADJUNCT TRAINING THROUGH ANNUAL AWARDS.


STUDENT SCHOLARSHIPS AND SUPPORT: THE FOUNDATION AWARDED CURRICULUM AND CONTINUING EDUCATION SCHOLARSHIPS IN ORDER TO MEET THE INCREASING FINANCIAL NEED OF A-B TECH COMMUNITY COLLEGE STUDENTS. THE FOUNDATION ALSO ADMINISTERED A VARIETY OF GRANT-FUNDED PROJECTS ON BEHALF OF A-B TECH COMMUNITY COLLEGE.


OTHER STUDENT SUPPORT: THE FOUNDATION RECOGNIZES THE INCREASING EMERGENCY NEEDS OF THE COMMUNITY COLLEGE STUDENTS. THE FOUNDATION ALONG WITH OTHER GRANT FUNDERS CONTINUE TO PROVIDE MONETARY SUPPORT FOR THESE EMERGENCY FUNDS NEEDS, SUCH AS TRANSPORTATION, MEDICAL, UTILITIES, UNIFORMS, TOOLS, AND TESTING FEES.


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Board, Officers & Key Employees

Name (title)Compensation
Amanda Edwards
Executive Di
$0
Zane Adams
Director
$0
Vicki Banks
Director
$0
Yolanda Bopp
Director
$0
Brandy Bowman
Director
$0
Tim Bramley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$84,613
Related organizations$0
Government grants $75,651
All other contributions, gifts, grants, and similar amounts not included above$1,419,939
Noncash contributions included in lines 1a–1f $83,934
Total Revenue from Contributions, Gifts, Grants & Similar$1,580,203
Total Program Service Revenue$0
Investment income $101,638
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $283,968
Net Income from Fundraising Events -$255
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,977,639

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