York Technical College Foundation Inc
- Assets
- $16.2m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Rock Hill, SC
- Founding
- 10/1983
- Data as of
- 06/2021
- EIN
- 57-0756721
Organization Overview
York Technical College Foundation Inc is located in Rock Hill, SC. The organization was established in 1983. According to its NTEE Classification (B42) the organization is classified as: Undergraduate 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. York Technical 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 06/2021, York Technical College Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $320.6k during the year ending 06/2021. 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
THE SUPPORT OF YORK TECHNICAL COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR PROGRAM SUPPORT AND SCHOLARSHIPS.
GRANTS AND UNRESTRICTED OPERATIONS INCLUDING GENERAL AND ADMINISTRATIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Moore President Yt | OfficerTrustee | 1 | $13,799 |
Greg Rutherford President Yt | Trustee | $5,417 | |
Greg A Austin President | OfficerTrustee | 1 | $0 |
Melanie Jones Former Exec | OfficerTrustee | 10 | $0 |
Tisha Poteat Interim Exec | OfficerTrustee | 10 | $0 |
Al Reid Past Preside | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $443,614 |
| Investment income | $178,374 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $76,279 |
| Net Gain/Loss on Asset Sales | $722,454 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,420,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $71,694 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $65,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $35,000 |
| 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 | $14,981 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,370 |
| Advertising and promotion | $0 |
| Office expenses | $745 |
| Information technology | $3,837 |
| Royalties | $0 |
| Occupancy | $3,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $792 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,767 |
| Insurance | $3,671 |
| All other expenses | $0 |
| Total functional expenses | $320,550 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $465,899 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $699,231 |
| 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 |
| Investments—publicly traded securities | $14,083,416 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $311,063 |
| Total assets | $16,241,693 |
| Accounts payable and accrued expenses | $70,959 |
| 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 | $70,959 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $16,170,734 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that York Technical College Foundation Inc has recieved totaling $106,481.
| Awarding Organization | Amount |
|---|---|
Charles A Cannon Charitable Trust N0 One Concord, NC PURPOSE: HVAC ACCESS PANELS | $60,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $25,000 |
Comporium Foundation Inc Rock Hill, SC PURPOSE: EDUCATION AND SCHOLARSHIP | $21,481 |
Endowment Analysis
| Beg. Balance | $3,884,479 |
| Net Contributions | $1,981 |
| Ending Balance | $3,886,460 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lenoir-Rhyne University Hickory, NC | $251,750,614 | $101,403,823 |
Oglethorpe University Inc Atlanta, GA | $134,446,425 | $78,800,641 |
Claflin University Orangeburg, SC | $159,550,066 | $90,488,927 |
Catawba College Salisbury, NC | $404,243,208 | $275,797,439 |
Benedict College Columbia, SC | $122,453,279 | $61,010,211 |
Piedmont University Inc Demorest, GA | $159,118,905 | $56,789,955 |
North Carolina Wesleyan University Rocky Mount, NC | $65,274,015 | $57,107,518 |
Mars Hill University Mars Hill, NC | $168,863,107 | $54,418,250 |
University Of Mount Olive Inc Mount Olive, NC | $83,720,864 | $62,113,692 |
Limestone University Gaffney, SC | $91,111,811 | $48,905,633 |
Newberry College Newberry, SC | $69,782,907 | $54,024,496 |
Guilford College Greensboro, NC | $214,106,962 | $54,557,208 |