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Nonprofiteer
← SANDHILLS COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by SANDHILLS COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$3,771,385
Total expenses
$3,772,463
Contributions and grants received
$2,547,230
Grants paid
$1,892,887
Program service revenue
$0
Investment income
$1,092,366
Other revenue
$131,789
Total assets, end of year
$46,514,169
Total liabilities, end of year
$1,054,608
Net assets or fund balances, end of year
$45,459,561
Program services expenses (Part IX)
$3,592,295
Management and general expenses
$180,168
Fundraising expenses
$0
Program service expenses (Part III)
$3,592,295

Program services were 95.2% 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

    $2,547,230

  • 1g · Noncash contributions included above

    $95,099

  • 3 · Investment income

    total $1,176,767 · excluded $1,176,767

  • 7a · Gross sales of assets other than inventory

    securities $2,594,317

  • 7b · Less cost or other basis and sales expenses

    securities $2,678,718

  • 7c · Gain or loss

    securities -$84,401

  • 7d · Net gain or loss

    total -$84,401 · excluded -$84,401

  • 8a · Fundraising events: gross income

    $61,683

  • 8b · Fundraising events: direct expenses

    $14,259

  • 8c · Net income from fundraising events

    total $47,424 · excluded $47,424

  • 11a · Other revenue: OTHER INCOME

    total $84,365 · related or exempt $84,365

  • 11e · Other revenue, total

    $84,365

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $382,823 · program services $382,823

  • 2 · Grants to domestic individuals

    total $1,510,064 · program services $1,510,064

  • 7 · Other salaries and wages

    total $429,658 · program services $419,770 · management and general $9,888

  • 8 · Pension plan contributions

    total $51,302 · program services $48,880 · management and general $2,422

  • 9 · Other employee benefits

    total $24,783 · program services $22,949 · management and general $1,834

  • 10 · Payroll taxes

    total $32,058 · program services $31,382 · management and general $676

  • 11f · Fees: investment management

    total $271 · management and general $271

  • 11g · Fees: other

    total $17,335 · management and general $17,335

  • 12 · Advertising and promotion

    total $23,914 · program services $23,914

  • 13 · Office expenses

    total $1,055,920 · program services $1,025,371 · management and general $30,549

  • 17 · Travel

    total $79,729 · program services $74,821 · management and general $4,908

  • 24a · Other expenses: PUBLIC RELATIONS

    total $112,285 · management and general $112,285

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $52,321 · program services $52,321

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,146,812 · end of year $3,551,042

  • 2 · Savings and temporary cash investments

    beginning of year $55,861 · end of year $56,950

  • 3 · Pledges and grants receivable

    beginning of year $4,922 · end of year $4,922

  • 4 · Accounts receivable

    beginning of year $4,671 · end of year $13,307

  • 7 · Other notes and loans receivable

    beginning of year $8,223 · end of year $0

  • 12 · Investments: other securities

    beginning of year $41,203,230 · end of year $42,887,948

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,186

  • 25 · Other liabilities

    beginning of year $930,547 · end of year $1,054,608

  • 29 · Capital stock, trust principal or current funds

    beginning of year $2,175,146 · end of year $1,914,561

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $40,261,840 · end of year $43,545,000

Mission and programs · 2022

Mission

TO PROMOTE THE MISSION OF SANDHILLS COMMUNITY COLLEGE IN THE COMMUNITY AND SEEK FINANCIAL SUPPORT FROM THE COMMUNITY. THE FOUNDATION ENSURES THAT DONATED FUNDS ARE INVESTED WISELY AND DISBURSED IN WAYS THAT CONTRIBUTE TO THE ONGOING EXCELLENCE OF SANDHILLS COMMUNITY COLLEGE.

Activities or mission (Part I)

PROMOTE AND SUPPORT THE MISSION OF SANDHILLS COMMUNITY COLLEGE BY RAISING FUNDS FROM THE COMMUNITY.

  • TO PROMOTE THE MISSION OF SANDHILLS COMMUNITY COLLEGE IN THE COMMUNITY AND SEEK FINANCIAL SUPPORT FROM THE COMMUNITY.

    Expenses $3,592,295 · Grants $1,892,887 · Revenue $84,365

As filed on the 2022 return.

Listed in Part VII

  • Tom Beddow

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Susan Fletcher

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Stan Bradshaw

    FINANCE COMMITTEE CHAIR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sherry Knappenberger

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sally Bold Frick

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rosa G Ronalter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert McCann

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rita Dinapoli

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Richard J Phelps

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Rev Dr Paul Murphy

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • R Emmet Logan

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Patrick Molamphy

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Meredith Clifton

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mary Margaret McNeill

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mary Enroth

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Mary Cloonan

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Linda Branch

    DONOR RELATIONS COMMITTEE

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Konni McMurray

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kathy McPherson

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kathy Johnson

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jon Giles

    BOARD VICE CHAIR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • John Williams

    DEVELOPMENT COMMITTEE CHAI

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeff Yow

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Irish Pickett

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Helen Probst Mills

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • George Little

    TRUSTEE CHAIR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Elizabeth Skvarla

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dr Pamela Guest

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Dr Nancy Ellis

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Woronoff

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • David Weiss

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Charles G Meyer

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Catherine Milligan

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • C Foster Brown

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brenda Jackson

    SECRETARY/TREASURER

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bobby Allen

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Bob Lovell

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Arlene Diosegy

    DIRECTOR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jennifer Dail

    DIRECTOR OF DONOR RELATIONS

    Total calculated
    $111,316
    From this org
    $0
    From related orgs
    $85,539
    Other
    $25,777
    Hours/week
    1 + 40 related

  • J J Jackson

    BOARD CHAIR

    Total calculated
    $1
    From this org
    $1
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Germaine Elkins

    DIRECTOR OF FOUNDATION

    Total calculated
    $154,278
    From this org
    $0
    From related orgs
    $120,535
    Other
    $33,743
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,535 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,083 related
    Nontaxable benefits
    $0 + $3,660 related
    Filer's total
    $0 + $154,278 related

  • Elizabeth Thomas

    DIRECTOR OF FINANCE

    Total calculated
    $152,057
    From this org
    $0
    From related orgs
    $115,734
    Other
    $36,323
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $115,734 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,253 related
    Nontaxable benefits
    $0 + $7,070 related
    Filer's total
    $0 + $152,057 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

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

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

  • SANDHILLS COMMUNITY COLLEGE

    $382,823

    FINANCIAL SUPPORT

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.

  • SANDHILLS COMMUNITY COLLEGE

    501(C)(3) · EDUCATION · NC

  • FRANCIS F RAINEY EDUCATION FOUNDATION

    501(C)(3) · SCHOLARSHIP ASSISTANCE · NC

    Directly controlled by SANDHILLS COMMUNITY COLLEGE FOUNDATION

  • SHELDON SCHOLARSHIP FUND

    501(C)(3) · SCHOLARSHIP ASSISTANCE · NC

    Directly controlled by SANDHILLS COMMUNITY COLLEGE FOUNDATION

  • CHARLES F HERMAN EDUCATIONAL FUND

    501(C)(3) · SCHOLARSHIP ASSISTANCE · NC

    Directly controlled by SANDHILLS COMMUNITY COLLEGE FOUNDATION

  • WILLIAM EDWARD STARNES EDUCATIONAL FUND

    501(C)(3) · SCHOLARSHIP ASSISTANCE · NC

    Directly controlled by SANDHILLS COMMUNITY COLLEGE FOUNDATION

  • ETHEL M HEINA EDUCATIONAL FUND

    501(C)(3) · SCHOLARSHIP ASSISTANCE · NC

    Directly controlled by SANDHILLS COMMUNITY COLLEGE FOUNDATION

  • GORDON H AND RUTH A CLARK EDUCATIONAL FUND

    501(C)(3) · SCHOLARSHIP ASSISTANCE · NC

    Directly controlled by SANDHILLS COMMUNITY COLLEGE FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
9 April 2024
IRS schema version
2022v5.0
Source object
202421009349300727

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