Form 990 for tax year 2022
Filed by PITT COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,913,782
- Total expenses
- $5,557,036
- Contributions and grants received
- $1,819,336
- Grants paid
- $5,109,444
- Program service revenue
- $0
- Investment income
- -$72,895
- Other revenue
- $167,341
- Total assets, end of year
- $7,847,696
- Total liabilities, end of year
- $104,579
- Net assets or fund balances, end of year
- $7,743,117
- Program services expenses (Part IX)
- $5,486,161
- Management and general expenses
- $70,875
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,486,161
Program services were 98.7% 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.
-
1f · All other contributions, gifts and grants
$1,819,336
-
1g · Noncash contributions included above
$135,083
-
3 · Investment income
total $132,811 · excluded $132,811
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $7,284,175
-
7b · Less cost or other basis and sales expenses
securities $7,489,881
-
7c · Gain or loss
securities -$205,706
-
7d · Net gain or loss
total -$205,706 · excluded -$205,706
-
8a · Fundraising events: gross income
$257,540
-
8b · Fundraising events: direct expenses
$90,199
-
8c · Net income from fundraising events
total $167,341
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $5,109,444 · program services $5,109,444
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $20,941 · program services $20,941
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $12,589 · program services $12,589
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $24,201 · program services $24,201
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: Program Personnel
total $148,848 · program services $148,518 · management and general $330
-
24b · Other expenses: Professional Services
total $61,426 · program services $43,162 · management and general $18,264
-
24c · Other expenses: Food Purchases
total $55,057 · program services $50,493 · management and general $4,564
-
24d · Other expenses: Supplies
total $41,516 · program services $35,035 · management and general $6,481
-
24e · All other expenses
total $83,014 · program services $41,778 · management and general $41,236
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,020,391 · end of year $1,511,405
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $1,380,665 · end of year $1,130,810
-
4 · Accounts receivable
beginning of year $339 · end of year $857
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$14,317
-
10b · Land, buildings and equipment: accumulated depreciation
$14,317
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $3,580,155 · end of year $5,204,624
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $32,103 · end of year $20,872
-
19 · Deferred revenue
end of year $83,707
-
27 · Net assets without donor restrictions
beginning of year $150,306 · end of year $46,642
-
28 · Net assets with donor restrictions
beginning of year $10,799,141 · end of year $7,696,475
Mission and programs · 2022
Mission
Pitt Community College Foundation's purpose is to receive gifts and secure external resources for scholarships, academic programs, and other activities of Pitt Community College.
-
Contributions to Pitt Community College for Scholarships, Student Activities, Athletics, and Campus Construction Projects.
Expenses $5,486,161 · Grants $5,109,444 · Revenue $2,076,876
As filed on the 2022 return.
Listed in Part VII
-
Mr Ricky Brown
Treasurer
- Total calculated
- $173,257
- From this org
- $0
- From related orgs
- $173,257
- Other
- $0
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- not reported + $173,257 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $173,257 related
-
Mrs Beth Sigmon
Executive Dir.
- Total calculated
- $108,813
- From this org
- $0
- From related orgs
- $108,813
- Other
- $0
- Hours/week
- 40
-
Mr Randy Collier
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Mr Donald Rhodes
Vice-Chair
- Total calculated
- $0
- Hours/week
- 1
-
Mr Miles Minges
Imm. Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
Ms Simone Pate
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Mr Don Brown
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr John Carrere
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 40 related
-
Mr Gary Evans
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Jennifer King Congleton
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Dan Taylor
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Sylvia Craft
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Bill Brown
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Betty Langston
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Melvin McLawhorn
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Don Mills
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Rachel Whitten
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Brian Wing
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Marianne Cox
Director
- Total calculated
- $0
- Hours/week
- 4 + 36 related
-
Mr Kenneth Ross
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Thomas Stroud
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Diane Waters
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Lawrence Rouse
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Randy Walters
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Madison Everette
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mr Lindsey Griffin
Trustee
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Lori Preast
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 40 related
-
Mr Jonathan Taft
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ms Brooke Wetherington
Director
- Total calculated
- $0
- Hours/week
- 0.5
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
-
$4,716,552
Funding of construction
-
$252,702
Funding of scholarships
-
$9,215
Funding of other programs
-
Transfer of In-Kind Donations
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.
-
501(c)(3) · Post-Secondary Education · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440839349300009
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