Central Piedmont Community College Services Corporation
- Assets
- $4.9m
- Revenue
- $466.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 08/2001
- Data as of
- 06/2021
- EIN
- 56-2244952
Organization Overview
Central Piedmont Community College Services Corporation is located in Charlotte, NC. The organization was established in 2001. 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. Central Piedmont Community College Services Corporation 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, Central Piedmont Community College Services Corporation generated $466.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.1%) each year. All expenses for the organization totaled $677.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (21.6%) per year over the past 6 years. 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
TO SUPPORT CENTRAL PIEDMONT COMMUNITY COLLEGE, THROUGH THE DEVELOPMENT OF ENTREPRENEURIAL PRODUCTS AND SERVICES, IN ITS COMMITMENT TO ADVANCING THE LIFE-LONG EDUCATIONAL DEVELOPMENT OF ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER FOR APPLIED RESEARCH ("CFAR") OFFERS A VARIETY OF RESEARCH SERVICES TO EDUCATIONAL INSTITUTIONS, ASSOCIATIONS, CHAMBERS OF COMMERCE, BUSINESSES AND COMMUNITY ORGANIZATIONS. CONTINUED CONTRACTS WITH THE FOLLOWING COMMUNITY COLLEGES: - THE ASPEN INSTITUTE, CENTRAL GEORGIA, ALBANY TECH, DAVIDSON COMMUNITY COLLEGE, UNC PEMBROKE, WAKE TECH, WAYNE COMMUNITY COLLEGE.
HARRIS CONFERENCE CENTER IS A STATE OF THE ART, PURPOSE BUILT EXECUTIVE CONFERENCE CENTER LOCATED AT CPCC'S HARRIS CAMPUS. WITH MORE THAN 13,000 SQUARE FEET OF FLEXIBLE MEETING SPACE, THIS CENTER SERVES CHARLOTTE AREA CORPORATIONS, NON-PROFIT AND CIVIC ORGANIZATIONS AND THE COLLEGE. DURING FY 2021, THE CONFERENCE CENTER HOSTED LESS THAN 10 MEETINGS DUE TO COVID-19.
COLLEGIATE TEST PREP ("CTP") OPERATES 11 TEST PREPS YEAR-ROUND. CTP HELD THE FOLLOWING EXAM PREP COURSES THIS YEAR: SAT (4), ATI TEAS (5), ACT (2), WITH 83 COMPLETERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edwin Dalrymple Chairman | OfficerTrustee | 0.1 | $0 |
Dr Kandi Deitemeyer Secretary | OfficerTrustee | 0.1 | $0 |
Jamie Pfeffer Executive Director | Officer | 40 | $0 |
Caldwell Rose Director | Trustee | 0.1 | $0 |
Dr Kevin Mccarthy Director | Trustee | 8 | $0 |
Michael Whiteman Director | Trustee | 0.1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $466,837 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $466,837 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 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 | $54,035 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $137,476 |
| Advertising and promotion | $34,738 |
| Office expenses | $22,082 |
| Information technology | $10,257 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $482 |
| 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 | $9,855 |
| Total functional expenses | $677,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,618,169 |
| Savings and temporary cash investments | $8,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $68,424 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,455 |
| Prepaid expenses and deferred charges | $686,603 |
| Net Land, buildings, and equipment | $1,508,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,901,658 |
| Accounts payable and accrued expenses | $50,346 |
| Grants payable | $0 |
| Deferred revenue | $718,117 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $65,324 |
| 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 | $833,787 |
| Net assets without donor restrictions | $4,067,871 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,901,658 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Central Piedmont Community College Services Corporation has recieved totaling $783,000.
| Awarding Organization | Amount |
|---|---|
John M Belk Endowment Charlotte, NC PURPOSE: ECONOMIC IMPACT STUDY AND PROGRAM-SPECIFIC IMPACT STUDY | $783,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |