Form 990 for tax year 2023
Filed by CENTRAL CAROLINA TECHNICAL COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $394,014
- Total expenses
- $268,446
- Contributions and grants received
- $226,726
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $115,042
- Other revenue
- $52,246
- Total assets, end of year
- $2,624,263
- Total liabilities, end of year
- $51,000
- Net assets or fund balances, end of year
- $2,573,263
- Program services expenses (Part IX)
- $206,915
- Management and general expenses
- $52,550
- Fundraising expenses
- $8,981
- Program service expenses (Part III)
- $206,915
Program services were 77.1% 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
$226,726
-
1g · Noncash contributions included above
$6,390
-
3 · Investment income
total $59,410 · related or exempt $59,410
-
7a · Gross sales of assets other than inventory
securities $1,187,720 · other assets $21,662
-
7b · Less cost or other basis and sales expenses
securities $1,153,750
-
7c · Gain or loss
securities $33,970 · other assets $21,662
-
7d · Net gain or loss
total $55,632 · related or exempt $55,632
-
8a · Fundraising events: gross income
$80,497
-
8b · Fundraising events: direct expenses
$28,251
-
8c · Net income from fundraising events
total $52,246 · excluded $52,246
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $9,079 · management and general $9,079
-
11f · Fees: investment management
total $18,119 · management and general $18,119
-
13 · Office expenses
total $5,555 · management and general $5,555
-
17 · Travel
total $4,831 · management and general $4,831
-
24a · Other expenses: CCTC STUDENT SCHOLARSHIPS
total $108,894 · program services $108,894
-
24b · Other expenses: CCTC OTHER PROJECTS
total $88,000 · program services $88,000
-
24c · Other expenses: CCTC ADMIN & GENERAL
total $23,947 · management and general $14,966 · fundraising $8,981
-
24d · Other expenses: FACULTY DEVELOPMENT
total $8,000 · program services $8,000
-
24e · All other expenses
total $2,021 · program services $2,021
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $12,387 · end of year $88,595
-
4 · Accounts receivable
beginning of year $4,000
-
9 · Prepaid expenses and deferred charges
beginning of year $2,925 · end of year $2,925
-
10a · Land, buildings and equipment: cost or other basis
$3,625
-
10c · Land, buildings and equipment, net
beginning of year $3,625 · end of year $3,625
-
11 · Investments: publicly traded securities
beginning of year $2,273,415 · end of year $2,529,118
-
17 · Accounts payable and accrued expenses
beginning of year $132 · end of year $51,000
-
27 · Net assets without donor restrictions
beginning of year $865,801 · end of year $1,140,515
-
28 · Net assets with donor restrictions
beginning of year $1,430,419 · end of year $1,432,748
Mission and programs · 2023
Mission
THE PRIMARY PURPOSES OF THE FOUNDATION ARE TO PROVIDE EDUCATIONAL OPPORTUNITIES THROUGH ACQUISITION OF FUNDS FOR SCHOLARSHIP AWARDS; SUPPORT THE UTILIZATION OF THE LATEST TECHNOLOGIES IN UP-TO-DATE FACILITIES AND TO SUBSIDIZE THE GROWTH AND DEVELOPMENT OF COLLEGE FACULTY AND STAFF.
Activities or mission (Part I)
TO PROVIDE EDUCATIONAL OPPORTUNITIES VIA SCHOLARSHIPS FOR STUDENTS ATTENDING CENTRAL CAROLINA TECHNICAL COLLEGE AND EDUCATIONAL RESOURCES TO THE COLLEGE AND FACULTY, AS WELL AS FUNDS FOR SPECIAL PROJECTS WHERE SPECIFIC NEEDS ARISE.
-
TO PROVIDE EDUCATIONAL OPPORTUNITIES THROUGH ACQUISITION OF FUNDS FOR SCHOLARSHIP AWARDS, SUPPORT THE UTILIZATION OF THE LATEST TECHNOLOGIES IN UP-TO-DATE FACILITIES, AND TO SUBSIDIZE THE GROWTH AND DEVELOPMENT OF THE COLLEGE FACULTY AND STAFF.
Expenses $206,915
-
THE PRIMARY PURPOSES OF THE FOUNDATION IS TO PROVIDE EDUCATIONAL EDUCATIONAL OPPORTUNITIES THROUGHT SCHOLARSHIPS TO STUDENT OF CENTRAL CAROLINA TECHNICAL COLLEGE AND PROVIDE ADDITIONAL SUPPORT FOR THE PROGRAMS AND STAFF DEVELOPMENT OF THE COLLEGE.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert EdwardsROBERT EDWARDS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Rev George P Windley JrREV GEORGE P WINDLEY JR
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Roy M FakouryROY M FAKOURY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bruce SnipesBRUCE SNIPES
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Meree McAlisterMEREE MCALISTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Pelzer Walter Beasley IIIPELZER WALTER BEASLEY III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Quinetta ButerbaughQUINETTA BUTERBAUGH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cary CokerCARY COKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lefford FateLEFFORD FATE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rachel GaineyRACHEL GAINEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Harvey GallowayHARVEY GALLOWAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sidney T IslerSIDNEY T ISLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Trevor IveyDR TREVOR IVEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Johnny Kornegay IIIJOHNNY KORNEGAY III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Elease LloydELEASE LLOYD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rev Marion H NewtonREV MARION H NEWTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dave SelfDAVE SELF
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William SmithWILLIAM SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sherry WelleSHERRY WELLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Josh WilsonJOSH WILSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 7 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443139349303334
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