Skip to content
Nonprofiteer
← DURHAM TECHNICAL COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by DURHAM TECHNICAL COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$6,706,411
Total expenses
$1,182,973
Contributions and grants received
$6,759,801
Grants paid
$1,107,638
Program service revenue
$0
Investment income
-$53,390
Other revenue
$0
Total assets, end of year
$14,403,429
Total liabilities, end of year
$14,369
Net assets or fund balances, end of year
$14,389,060
Program services expenses (Part IX)
$1,107,638
Management and general expenses
$73,777
Fundraising expenses
$1,558
Program service expenses (Part III)
$1,107,638

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

    $6,759,801

  • 1g · Noncash contributions included above

    $84,584

  • 3 · Investment income

    total $171,506 · excluded $171,506

  • 7a · Gross sales of assets other than inventory

    securities $1,162,509

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

    securities $1,387,405

  • 7c · Gain or loss

    securities -$224,896

  • 7d · Net gain or loss

    total -$224,896 · excluded -$224,896

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $832,510 · program services $832,510

  • 2 · Grants to domestic individuals

    total $275,128 · program services $275,128

  • 11c · Fees: accounting

    total $15,630 · management and general $15,630

  • 11f · Fees: investment management

    total $30,598 · management and general $30,598

  • 13 · Office expenses

    total $375 · fundraising $375

  • 14 · Information technology

    total $9,326 · management and general $9,326

  • 24a · Other expenses: STAFF DEVELOPMENT & SUP

    total $15,784 · management and general $15,784

  • 24b · Other expenses: BANKING FEES

    total $2,439 · management and general $2,439

  • 24c · Other expenses: EVENT EXPENSES

    total $1,183 · fundraising $1,183

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $824,470 · end of year $2,327,928

  • 2 · Savings and temporary cash investments

    beginning of year $387,211 · end of year $486,779

  • 3 · Pledges and grants receivable

    beginning of year $561,753 · end of year $4,591,815

  • 7 · Other notes and loans receivable

    beginning of year $2,349 · end of year $30,406

  • 8 · Inventories for sale or use

    beginning of year $1,900 · end of year $1,500

  • 11 · Investments: publicly traded securities

    beginning of year $6,578,430 · end of year $6,965,001

  • 17 · Accounts payable and accrued expenses

    beginning of year $48,778 · end of year $14,369

  • 27 · Net assets without donor restrictions

    beginning of year $740,897 · end of year $749,101

  • 28 · Net assets with donor restrictions

    beginning of year $7,566,438 · end of year $13,639,959

Mission and programs · 2022

Mission

TO PROMOTE THE CURRENT AND LONG-TERM SUCCESS OF DURHAM TECHNICAL COMMUNITY COLLEGE BY INSPIRING CHARITABLE INVESTMENT IN ITS STUDENTS, FACULTY, AND STAFF ADVOCATING FOR THE INSTITUTION'S COMPELLING WORK, AND SERVING AS EXCELLENT STEWARDS OF THE FOUNDATION'S ASSETS.

Activities or mission (Part I)

TO ADVANCE OPPORTUNITY FOR STUDENTS, THE COLLEGE, AND DURHAM AND ORANGE COUNTIES.

  • PROGRAM SUPPORT IS A BROAD CLASSIFICATION THAT INCLUDES SUPPORT FOR NEEDS NOT MET BY TRADITIONAL DEPARTMENT BUDGETS SUCH AS CLASSROOM EQUIPMENT, STUDENT SUCCESS RESOURCES, PROFESSIONAL DEVELOPMENT, AND OTHER EMPLOYEE SUPPORT SERVICES.

    Expenses $832,510 · Grants $832,510

  • SCHOLARSHIPS FOR TUITION, BOOKS, AND OTHER SUPPORT EXPENSES AWARDED TO STUDENTS.

    Expenses $275,128 · Grants $275,128

As filed on the 2022 return.

Listed in Part VII

  • Andrew Kleitsch

    TREASURER

    Total calculated
    $156,914
    From this org
    $0
    From related orgs
    $116,931
    Other
    $39,983
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $113,163 related
    Bonus
    $0 + $3,768 related
    Other
    $0
    Deferred
    $0 + $31,445 related
    Nontaxable benefits
    $0 + $8,538 related
    Filer's total
    $0 + $156,914 related

  • Sam Nichols

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Danielle Kaspar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Deetra Watson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Katie Loovis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Indira Everett

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Walter L Newton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jb Buxton

    SECRETARY

    Total calculated
    $336,088
    From this org
    $0
    From related orgs
    $262,147
    Other
    $73,941
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,147 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0 + $65,403 related
    Nontaxable benefits
    $0 + $8,538 related
    Filer's total
    $0 + $336,088 related

  • John Messick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ellen Shannon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wade Smedley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Geraud Staton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Bus

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Hampton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tai Huynh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Roxanne Miller

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Michael Goodmon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth McFarlane

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $109,577
    From this org
    $0
    From related orgs
    $81,542
    Other
    $28,035
    Hours/week
    40

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

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTOR'S SALARY IS EVALUATED AND DETERMINED BY THE COLLEGE'S HUMAN RESOURCES DEPARTMENT USING INDUSTRY BOOKMARKS.

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

  • DURHAM TECHNICAL COMMUNITY COLLEGE

    $816,005

    TO SUPPORT ACADEMIC PROGRAMS OF STUDY

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.

  • DURHAM TECHNICAL COMMUNITY COLLEGE

    STATE GOV'T ENTITY · COLLEGE · NC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • DURHAM TECH PROPERTIES LLC

    PROPERTY · NC · income $0 · assets $0

    Directly controlled by DURHAM TECHNICAL COMMUNITY COLLEGE FOUNDATION INC

Provenance

Return type
form_990
Tax year
2022
Filed
2 April 2024
IRS schema version
2022v5.0
Source object
202430959349300208

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.