Fayetteville Technical Community College Foundation Inc
- Assets
- $7.1m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Fayetteville, NC
- Founding
- 10/1985
- Data as of
- 06/2024
- EIN
- 58-1640133
Organization Overview
Fayetteville Technical Community College Foundation Inc is located in Fayetteville, NC. The organization was established in 1985. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fayetteville 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 06/2024, Fayetteville Technical Community College Foundation Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $1.2m during the year ending 06/2024. While expenses have increased by 16.9% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE FOR SCHOLARSHIPS, GRANTS, AND CAPITAL ITEMS TO SUPPORT EDUCATION AT FTCC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE FOR SCHOLARSHIPS, GRANTS, AND CAPITAL ITEMS TO SUPPORT EDUCATION AND THE STUDENT EXPERIENCE AT FTCC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Adams Director | Trustee | $0 | |
Carolyn Armstrong Director | Trustee | $0 | |
Chris Bullard Director | Trustee | $0 | |
Charles Ben Chambers Director | Trustee | $0 | |
Richard Craven Director | Trustee | $0 | |
Donna Dawkins Treasurer | OfficerTrustee | $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 | $1,066,657 |
| Noncash contributions included in lines 1a–1f | $27,413 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,066,657 |
| Total Program Service Revenue | $0 |
| Investment income | $213,748 |
| 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 | $1,280,405 |
| 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 | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,146 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $940 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $264,430 |
| Total functional expenses | $1,226,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,074,137 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,126 |
| 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 | $0 |
| Investments—publicly traded securities | $6,004,686 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,083,949 |
| Accounts payable and accrued expenses | $3,373 |
| 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 | $3,373 |
| Net assets without donor restrictions | $580,637 |
| Net assets with donor restrictions | $6,499,939 |
| 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 | $7,083,949 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William R Moore College Of Technology Memphis, TN | $10,214,595 | $4,525,001 |
Fayetteville Technical Community College Foundation Inc Fayetteville, NC | $7,083,949 | $1,280,405 |
Piedmont Technical College Foundation Inc Greenwood, SC | $10,236,347 | $1,367,115 |
Southeastern Technical Institute Foundation Inc Vidalia, GA | $1,398,100 | $460,183 |
Abc Of West Tennessee Education Tr Inc Memphis, TN | $71,101 | $0 |