Johnston Community College Foundation Inc
- Assets
- $13.0m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Smithfield, NC
- Founding
- 09/1986
- Data as of
- 06/2022
- EIN
- 58-1663605
Organization Overview
Johnston Community College Foundation Inc is located in Smithfield, NC. The organization was established in 1986. According to its NTEE Classification (B41) the organization is classified as: Two-Year 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. Johnston 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, Johnston Community College Foundation Inc generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $836.8k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
JOHNSTON COMMUNITY COLLEGE FOUNDATION'S MISSION IS TO BUILD PARTNERSHIPS AND RESOURCES FOR EDUCATIONAL OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS FOR SPECIAL PURPOSES, SPECIAL AWARDS, SCHOLARSHIPS, INNOVATION GRANTS, AND DIRECT INSTITUTIONAL SUPPORT FOR THE BENEFIT OF JOHNSTON COMMUNITY COLLEGE AND ITS STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Baraldi Treasurer | OfficerTrustee | 1 | $0 |
Dr Twyla Wells Executive Di | Officer | 20 | $0 |
Sarai Daniels Member | Trustee | 1 | $0 |
Randy Davis President | Trustee | 2 | $0 |
Dr Oliver Johnson Member | Trustee | 1 | $0 |
Blaire Narron President-El | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,058 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,108,586 |
| Noncash contributions included in lines 1a–1f | $64,057 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,162,644 |
| Total Program Service Revenue | $0 |
| Investment income | $214,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $604,783 |
| Net Income from Fundraising Events | -$4,037 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,978,358 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $189,902 |
| Grants and other assistance to domestic individuals. | $341,898 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,500 |
| Advertising and promotion | $124 |
| Office expenses | $82,136 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,267 |
| 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 | $4,749 |
| Total functional expenses | $836,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,466,729 |
| Pledges and grants receivable | $1,382,282 |
| 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 | $778,790 |
| Investments—publicly traded securities | $8,411,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,709 |
| Total assets | $13,045,075 |
| Accounts payable and accrued expenses | $4,761 |
| Grants payable | $0 |
| Deferred revenue | $132,238 |
| 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 | $373,055 |
| Total liabilities | $510,054 |
| Net assets without donor restrictions | $332,713 |
| Net assets with donor restrictions | $12,202,308 |
| 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 | $13,045,075 |
Grants Awarded
Over the last fiscal year, Johnston Community College Foundation Inc has awarded $189,902 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Smithfield, NC PURPOSE: VAR SPECIAL PROJECTS | $149,902 |
Smithfield, NC PURPOSE: DIRECT INST SUPPORT | $20,000 |
Smithfield, NC PURPOSE: STRATEGIC IMPACT AWA | $20,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Johnston Community College Foundation Inc has recieved totaling $45,413.
| Awarding Organization | Amount |
|---|---|
Robert P Holding Foundation Inc Smithfield, NC PURPOSE: GENERAL SUPPORT | $30,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $15,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $350 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $63 |
Endowment Analysis
| Beg. Balance | $7,452,537 |
| Earnings | -$8,403 |
| Net Contributions | $164,560 |
| Ending Balance | $7,608,694 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Greenville University Tigerville, SC | $119,067,807 | $70,918,977 |
Young Harris College Young Harris, GA | $174,387,873 | $47,760,154 |
William Peace University Raleigh, NC | $89,474,772 | $34,889,332 |
Truett Mcconnell University Inc Cleveland, GA | $54,652,969 | $32,427,096 |
Southern Virginia University Buena Vista, VA | $37,155,964 | $26,776,085 |
Spartanburg Methodist College Spartanburg, SC | $52,317,686 | $26,371,934 |
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
Louisburg College Louisburg, NC | $47,886,546 | $23,005,525 |
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Clinton College Rock Hill, SC | $6,214,571 | $5,235,874 |