Form 990 for tax year 2023
Filed by SANDHILLS COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $6,336,883
- Total expenses
- $4,321,871
- Contributions and grants received
- $3,852,134
- Grants paid
- $2,131,645
- Program service revenue
- $0
- Investment income
- $2,374,492
- Other revenue
- $110,257
- Total assets, end of year
- $52,985,109
- Total liabilities, end of year
- $1,073,286
- Net assets or fund balances, end of year
- $51,911,823
- Program services expenses (Part IX)
- $4,047,049
- Management and general expenses
- $274,822
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,047,049
Program services were 93.6% 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
$3,852,134
-
1g · Noncash contributions included above
$142,205
-
3 · Investment income
total $2,092,198 · excluded $2,092,198
-
7a · Gross sales of assets other than inventory
securities $4,866,110
-
7b · Less cost or other basis and sales expenses
securities $4,583,816
-
7c · Gain or loss
securities $282,294
-
7d · Net gain or loss
total $282,294 · excluded $282,294
-
8a · Fundraising events: gross income
$67,055
-
8b · Fundraising events: direct expenses
$33,080
-
8c · Net income from fundraising events
total $33,975 · excluded $33,975
-
11a · Other revenue: OTHER INCOME
total $76,282 · related or exempt $76,282
-
11e · Other revenue, total
$76,282
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $665,679 · program services $665,679
-
2 · Grants to domestic individuals
total $1,465,966 · program services $1,465,966
-
7 · Other salaries and wages
total $458,054 · program services $446,970 · management and general $11,084
-
8 · Pension plan contributions
total $81,487 · program services $78,765 · management and general $2,722
-
9 · Other employee benefits
total $41,224 · program services $39,312 · management and general $1,912
-
10 · Payroll taxes
total $26,785 · program services $25,967 · management and general $818
-
11f · Fees: investment management
total $160 · management and general $160
-
11g · Fees: other
total $8,449 · program services $2,375 · management and general $6,074
-
12 · Advertising and promotion
total $15,423 · program services $15,423
-
13 · Office expenses
total $1,260,328 · program services $1,206,802 · management and general $53,526
-
17 · Travel
total $78,567 · program services $2,764 · management and general $75,803
-
24a · Other expenses: PUBLIC RELATIONS
total $122,723 · management and general $122,723
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $97,026 · program services $97,026
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,551,042 · end of year $1,894,258
-
2 · Savings and temporary cash investments
beginning of year $56,950 · end of year $127,906
-
3 · Pledges and grants receivable
beginning of year $4,922 · end of year $6,523
-
4 · Accounts receivable
beginning of year $13,307 · end of year $7,396
-
12 · Investments: other securities
beginning of year $42,887,948 · end of year $50,949,026
-
25 · Other liabilities
beginning of year $1,054,608 · end of year $1,073,286
-
29 · Capital stock, trust principal or current funds
beginning of year $1,914,561 · end of year $1,931,472
-
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 $43,545,000 · end of year $49,980,351
Mission and programs · 2023
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 $4,047,049 · Grants $2,131,645 · Revenue $76,282
As filed on the 2023 return.
Listed in Part VII
-
Susan FletcherSUSAN FLETCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sally Bold FrickSALLY BOLD FRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy JohnsonKATHY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Margaret McNeillMARY MARGARET MCNEILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy McPhersonKATHY MCPHERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cathy MilliganCATHY MILLIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Irish PickettIRISH PICKETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff YowJEFF YOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Liz SkvarlaLIZ SKVARLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave WeissDAVE WEISS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Meredith CliftonMEREDITH CLIFTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary CloonanMARY CLOONAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Arlene DiosegyARLENE DIOSEGY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob McCannBOB MCCANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rev Dr Paul MurphyREV DR PAUL MURPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Terry BrownTERRY BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rosa RonalterROSA RONALTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David WoronoffDAVID WORONOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Larry CaddellLARRY CADDELL
TRUSTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jon GilesJON GILES
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
John WilliamsJOHN WILLIAMS
DEVELOPMENT COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Linda BranchLINDA BRANCH
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Stan BradshawSTAN BRADSHAW
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Rita DinapoliRITA DINAPOLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Nancy EllisDR NANCY ELLIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Penny EnrothPENNY ENROTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Pamela GuestDR PAMELA GUEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bob LovellBOB LOVELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Konni McMurrayKONNI MCMURRAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Helen Probst MillsHELEN PROBST MILLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dick PhelpsDICK PHELPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charlie MeyerCHARLIE MEYER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dave WeissDAVE WEISS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tom BeddowTOM BEDDOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pat MolamphyPAT MOLAMPHY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Germaine ElkinsDR GERMAINE ELKINS
DIRECTOR OF FOUNDATION
- Total calculated
- $158,237
- From this org
- $0
- From related orgs
- $121,886
- Other
- $36,351
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $121,886 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $30,902 related
- Nontaxable benefits
- $0 + $5,449 related
- Filer's total
- $0 + $158,237 related
-
Dr Alexander McLeod StewartDR ALEXANDER MCLEOD STEWART
PRESIDENT SANDHILLS COMMUNITY COLLEGE
- Total calculated
- $138,078
- From this org
- $0
- From related orgs
- $105,171
- Other
- $32,907
- Hours/week
- 1 + 40 related
-
Elizabeth ThomasELIZABETH THOMAS
DIRECTOR OF FINANCE
- Total calculated
- $168,222
- From this org
- $0
- From related orgs
- $129,223
- Other
- $38,999
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $129,223 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $32,881 related
- Nontaxable benefits
- $0 + $6,118 related
- Filer's total
- $0 + $168,222 related
-
Dr David FarmerDR DAVID FARMER
EXECUTIVE VICE PRESIDENT OF OPERATIONS
- Total calculated
- $0
- Hours/week
- 0 + 40 related
-
Jj JacksonJJ JACKSON
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2
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
$665,679
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
-
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
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541359349310364
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