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Nonprofiteer
← GREENSBORO COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by GREENSBORO COLLEGE FOUNDATION.

Totals

Total revenue
$32,278
Total expenses
$78,227
Contributions and grants received
$0
Grants paid
$70,362
Program service revenue
$0
Investment income
$32,278
Other revenue
$0
Total assets, end of year
$1,761,130
Total liabilities, end of year
$223,087
Net assets or fund balances, end of year
$1,538,043
Program services expenses (Part IX)
$78,227
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$78,227

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $32,278 · excluded $32,278

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $70,362 · program services $70,362

  • 24a · Other expenses: ANNUITY PAYMENTS

    total $7,865 · program services $7,865

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $1,651,066 · end of year $1,761,130

  • 25 · Other liabilities

    beginning of year $218,693 · end of year $223,087

  • 28 · Net assets with donor restrictions

    beginning of year $1,432,373 · end of year $1,538,043

Mission and programs · 2022

Mission

TO SUPPORT THE EXEMPT PURPOSES OF GREENSBORO COLLEGE.

Activities or mission (Part I)

GREENSBORO COLLEGE FOUNDATION WAS FORMED TO SUPPORT THE EXEMPT PURPOSES OF GREENSBORO COLLEGE.

  • GREENSBORO COLLEGE FOUNDATION WAS FORMED TO SUPPORT THE EXEMPT PURPOSES OF GREENSBORO COLLEGE. A PORTION OF THE EXPENSES INCURRED ARE RELATED TO THE MANAGEMENT OF ASSETS MAINTAINED FOR THE SUPPORT OF GREENSBORO COLLEGE.

    Expenses $78,227 · Grants $70,362

As filed on the 2022 return.

Listed in Part VII

  • Ms Beth Fonorrow

    PRESIDENT (JAN-JUNE 2021)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lynn Lane

    FIRST VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Anne Hurd

    SECRETARY, VP OF ADVANCEME

    Total calculated
    $142,350
    From this org
    $0
    From related orgs
    $128,361
    Other
    $13,989
    Hours/week
    1 + 40 related

  • Thomas Clawson

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chris Elmore

    FORMER SECOND VICE PRESIDENT, VP

    Total calculated
    $139,975
    From this org
    $0
    From related orgs
    $132,910
    Other
    $7,065
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,010 related
    Bonus
    $0
    Other
    $0 + $1,900 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,065 related
    Filer's total
    $0 + $139,975 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431319349302313

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