Form 990 for tax year 2023
Filed by TRIDENT TECHNICAL COLLEGE FOUNDATION INCORPORATED.
Totals
- Total revenue
- $3,084,889
- Total expenses
- $1,411,322
- Contributions and grants received
- $2,989,852
- Grants paid
- $884,252
- Program service revenue
- $0
- Investment income
- $192,169
- Other revenue
- -$97,132
- Total assets, end of year
- $21,498,638
- Total liabilities, end of year
- $201,634
- Net assets or fund balances, end of year
- $21,297,004
- Program services expenses (Part IX)
- $1,027,884
- Management and general expenses
- $342,022
- Fundraising expenses
- $41,416
- Program service expenses (Part III)
- $1,027,884
Program services were 72.8% 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.
-
1c · Fundraising events
$795,081
-
1f · All other contributions, gifts and grants
$2,194,771
-
3 · Investment income
total $130,743 · excluded $130,743
-
7a · Gross sales of assets other than inventory
securities $61,426
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $61,426
-
7d · Net gain or loss
total $61,426 · excluded $61,426
-
8a · Fundraising events: gross income
$140,775
-
8a · Fundraising events: contributions included on line 1c
$795,081
-
8b · Fundraising events: direct expenses
$237,907
-
8c · Net income from fundraising events
total -$97,132 · excluded -$97,132
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $884,252 · program services $884,252
-
11d · Fees: lobbying
total $8,994 · management and general $8,994
-
11f · Fees: investment management
total $54,766 · management and general $54,766
-
11g · Fees: other
total $254,944 · program services $122,694 · management and general $132,250
-
23 · Insurance
total $7,107 · management and general $7,107
-
24a · Other expenses: ADMIN/FACILITIES REIMBU
total $89,765 · program services $20,938 · management and general $28,809 · fundraising $40,018
-
24b · Other expenses: OTHER EXPENSES
total $59,030 · management and general $57,632 · fundraising $1,398
-
24c · Other expenses: DUES & MEETINGS
total $41,880 · management and general $41,880
-
24d · Other expenses: BANK CHARGES
total $10,584 · management and general $10,584
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $117,040 · end of year $678,055
-
2 · Savings and temporary cash investments
beginning of year $42,477 · end of year $250,524
-
3 · Pledges and grants receivable
beginning of year $3,515,966 · end of year $3,843,277
-
9 · Prepaid expenses and deferred charges
beginning of year $37,129 · end of year $19,636
-
12 · Investments: other securities
beginning of year $14,250,854 · end of year $16,707,146
-
17 · Accounts payable and accrued expenses
beginning of year $158,317 · end of year $201,634
-
27 · Net assets without donor restrictions
beginning of year $4,417,112 · end of year $5,935,085
-
28 · Net assets with donor restrictions
beginning of year $13,388,037 · end of year $15,361,919
Mission and programs · 2023
Mission
ESTABLISHED IN 1975, THE TRIDENT TECHNICAL COLLEGE FOUNDATION EXISTS TO ADVOCATE AND RAISE FUNDS FOR THE COLLEGE TO SUPPORT THE REGION'S ECONOMY. THE FOUNDATION OPERATES INDEPENDENTLY OF THE COLLEGE AS A 501(C)(3) NONPROFIT CORPORATION.
Activities or mission (Part I)
THE TRIDENT TECHNICAL COLLEGE FOUNDATION RAISES FUNDS FOR THE COLLEGE TO SUPPORT THE REGION'S ECONOMY BY FOSTERING LOCAL BUSINESS RELATIONSHIPS AND CREATING AWARENESS OF TTC'S MISSION. ADDITIONALLY, THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS, CLASSROOM EQUIPMENT AND MATERIALS TO FACULTY/STAFF AND ENCOURAGES AND PROMOTES PROFESSIONAL DEVELOPMENT TO FACULTY/STAFF THROUGH TUITION AND CREDIT COURSE ASSISTANCE. THE FOUNDATION OPERATES INDEPENDENTLY OF THE COLLEGE AS A 501 (C)(3) NON-PROFIT CORPORATION.
-
STUDENT SCHOLARSHIPS:THE FOUNDATION MADE 476 AND 458 SCHOLARSHIP AWARDS TOTALING $466,717 AND $412,751 IN THE YEARS ENDED JUNE 30, 2024 AND 2023, RESPECTIVELY. SCHOLARSHIPS HELP OFFSET THE COST OF TUITION, FEES, BOOKS, CHILDCARE, AND TRANSPORTATION FOR ELIGIBLE STUDENTS. THE SCHOLARSHIP FUNDS, SUPPORTED BY INDIVIDUALS, BUSINESSES, AND OTHER FOUNDATIONS, ARE COMPETITIVE AND BASED ON CRITERIA ESTABLISHED BY THE DONORS AND THE FOUNDATION. AS OF JUNE 30, 2024, THE FOUNDATION ADMINISTERED A TOTAL OF 152 SCHOLARSHIP FUNDS, 46 OF WHICH ARE PERMANENTLY RESTRICTED. AS OF JUNE 30, 2023, THE FOUNDATION ADMINISTERED A TOTAL OF 145 SCHOLARSHIP FUNDS, 38 OF WHICH ARE PERMANENTLY RESTRICTED.
Expenses $466,717 · Grants $466,717
-
TUITION ASSISTANCE/CREDIT COURSE REIMBURSEMENT PROGRAMS:THE FOUNDATION PROVIDES FINANCIAL SUPPORT, UP TO AN ANNUALLY BUDGETED AMOUNT, FOR FULL-TIME PERMANENT EMPLOYEES OF THE COLLEGE TO TAKE CREDIT OR CONTINUING EDUCATION COURSES AT THE COLLEGE OR OTHER ACCREDITED INSTITUTIONS OF HIGHER EDUCATION. ALL PROGRAMS ARE BASED ON AVAILABILITY OF FUNDS. FOR THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023, $14,487 AND $6,869 WERE AWARDED AS PART OF THESE PROFESSIONAL DEVELOPMENT PROGRAMS, RESPECTIVELY.
Expenses $14,487 · Grants $14,487
-
MINI-GRANTS:THE MINI-GRANT PROGRAM PROVIDES FUNDS TO FACULTY AND STAFF FOR EQUIPMENT, MATERIALS AND SPECIAL RESOURCES TO ENHANCE STUDENT SUCCESS. THE PROGRAM IS DESIGNED TO ENHANCE THE LEARNING EXPERIENCE OF COLLEGE STUDENTS WHILE BRIDGING THE GAP BETWEEN INSTRUCTIONAL NEEDS AND DEPARTMENTAL BUDGET CONSTRAINTS. INDIVIDUAL AWARDS ARE UP TO $1,600 AND ARE AWARDED BASED ON A COMPETITIVE APPLICATION PROCESS. FOR THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023, THERE WERE NO MINI-GRANTS APPLIED FOR OR AWARDED.
-
STUDENT URGENT NEEDS FUND: THE STUDENT URGENT NEEDS FUND WAS CREATED TO ASSIST STUDENTS IN GOOD STANDING WHO EXPERIENCE AN UNFORESEEN FINANCIAL EMERGENCY WHICH WOULD OTHERWISE PREVENT THEM FROM CONTINUING TO ATTEND THE COLLEGE. STUDENTS MUST MEET ALL ELIGIBILITY REQUIREMENTS AND RECEIVE APPROVAL FROM THE SELECTION COMMITTEE. FOR THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023, $9,694 AND $15,433 WAS AWARDED IN STUDENT URGENT NEEDS FUNDING ASSISTANCE, RESPECTIVELY.AWARDS AND PRIZES: THE FOUNDATION PROVIDES A VARIETY OF AWARDS AND PRIZES DESIGNED TO CELEBRATE OUTSTANDING ACHIEVEMENTS, INNOVATION, AND LEADERSHIP AMONG COLLEGE STUDENTS, FACULTY, AND STAFF. FOR THE FISCAL YEARS ENDED JUNE 30, 2024 AND 2023, $9,300 AND $7,100 IN AWARDS AND PRIZES WERE PROVIDED FROM THE FOUNDATION, RESPECTIVELY.
Expenses $546,680 · Grants $403,048
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KARENA BELL
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PAMELA J BROWNING
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT O COLLINS
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RUSSELL B CORBIN
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM E CRAVER III
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID M ECHOLS
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SHELLY S EICHER
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM A FINN
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN F FRANK
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID T GINN
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DOROTHY G HARRISON
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DOUGLAS C HORNBERGER
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
WILLIAM C HUDSON
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
LEONARD L HUTCHISON III
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ANDREA LIMEHOUSE
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HAROLD W JONES
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
B T KAYS
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BRYAN D KIZER
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MARK A LATTANZIO
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PETER O LEHMAN
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BARBARA R NWOKIKE
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ANTHONY H POPE
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JOHN C RAMA
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEREMY ROSS
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL C SCARAFILE
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GINA T SHULER
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HARRY L STALEY
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ALLISON D STONEY
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
GEORGE L TUPPER JR
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ALVIN WILLIAMS
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JAMES GREEN
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KEVIN ROURK
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEVE STRICKLAND
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DANIEL ZARRILLO
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT C SEIDLER
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFF S SPICER
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ANTHONY JACKSON
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JESSE JONES
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PAT FORSBERRY
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SPENCER PRYOR
FOUNDATION TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SAMUEL STEINBERG
FOUNDATION TRUSTEE EMERITU
- Total calculated
- $0
- Hours/week
- 1
-
DAVID B YARBOROUGH
FOUNDATION TRUSTEE EMERITU
- Total calculated
- $0
- Hours/week
- 1
-
AUGUST J BATLA
FOUNDATION TRUSTEE EMERITU
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD K GREGORY
FOUNDATION TRUSTEE EMERITU
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS A MAYBERRY
FOUNDATION TRUSTEE EMERITU
- Total calculated
- $0
- Hours/week
- 1
-
JAMES C MURRAY
FOUNDATION TRUSTEE EMERITU
- Total calculated
- $0
- Hours/week
- 1
-
TAMMY L COGHILL
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
GIAMPIERO DIMINICH
VICE CHAIR AND GOVERNANCE
- Total calculated
- $0
- Hours/week
- 2
-
CHRIS B FRASER
IMM. PAST CHAIR AND NOMINATING
- Total calculated
- $0
- Hours/week
- 2
-
MARY R GRAHAM
ADVOCACY COMMITTEE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
DEB CAMPEAU
DEVELOPMENT/FRIENDRAISING
- Total calculated
- $0
- Hours/week
- 2
-
DAWN H ROBINSON
FINANCE/AUDIT COM. CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
ROBERT M BALDWIN
TREASURER, INVEST. COM. CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
PATRICK BRYANT
AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
STUART D WHITESIDE
AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
MELVIN C WILLIAMS
AT-LARGE
- Total calculated
- $0
- Hours/week
- 2
-
LISA PICCOLO
SECRETARY
- Total calculated
- $11,495
- From this org
- $11,495
- From related orgs
- $0
- Other
- $0
- 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.
Grants on this return
-
$884,252
TO PROVIDE PROGRAM ASSISTANCE TO THE COLLEGE.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413309349301406
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.