Form 990 for tax year 2024
Filed by NC ASSOC OF COMM COLLEGE TRUSTEES.
Totals
- Total revenue
- $645,426
- Total expenses
- $641,785
- Contributions and grants received
- $256,600
- Grants paid
- $0
- Program service revenue
- $374,734
- Investment income
- $11,871
- Other revenue
- $2,221
- Total assets, end of year
- $623,823
- Total liabilities, end of year
- $232,444
- Net assets or fund balances, end of year
- $391,379
- Program services expenses (Part IX)
- $549,722
- Management and general expenses
- $92,063
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $549,722
Program services were 85.7% 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.
-
1b · Membership dues
$256,600
-
2a · Program service revenue: Seminars
total $302,710 · related or exempt $302,710
-
2b · Program service revenue: Training
total $28 · related or exempt $28
-
2c · Program service revenue: Reimbursed Expenses
total $71,996 · related or exempt $71,996
-
3 · Investment income
total $11,871 · excluded $11,871
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Other Revenues
total $2,221 · related or exempt $2,221
-
11e · Other revenue, total
$2,221
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $278,593 · program services $236,804 · management and general $41,789
-
9 · Other employee benefits
total $9,172 · program services $7,796 · management and general $1,376
-
10 · Payroll taxes
total $21,251 · program services $18,063 · management and general $3,188
-
13 · Office expenses
total $10,306 · program services $8,760 · management and general $1,546
-
16 · Occupancy
total $19,988 · program services $16,990 · management and general $2,998
-
17 · Travel
total $11,011 · program services $9,359 · management and general $1,652
-
22 · Depreciation, depletion and amortization
total $467 · management and general $467
-
23 · Insurance
total $1,729 · management and general $1,729
-
24a · Other expenses: Seminars Expenses
total $195,959 · program services $195,959
-
24b · Other expenses: Professional fees
total $79,047 · program services $55,934 · management and general $23,113
-
24c · Other expenses: Executive Board
total $14,195 · management and general $14,195
-
24d · Other expenses: Bank Fees
total $67 · program services $57 · management and general $10
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $573,935 · end of year $611,696
-
4 · Accounts receivable
beginning of year $11,452 · end of year $6,007
-
9 · Prepaid expenses and deferred charges
beginning of year $8,311 · end of year $4,079
-
10a · Land, buildings and equipment: cost or other basis
$23,590
-
10b · Land, buildings and equipment: accumulated depreciation
$23,124
-
10c · Land, buildings and equipment, net
beginning of year $933 · end of year $466
-
15 · Other assets
beginning of year $2,363 · end of year $1,575
-
17 · Accounts payable and accrued expenses
beginning of year $40,356 · end of year $25,605
-
19 · Deferred revenue
beginning of year $168,900 · end of year $206,839
-
27 · Net assets without donor restrictions
beginning of year $387,738 · end of year $391,379
Mission and programs · 2024
Mission
The organization provides education and orientation for the trustees of NC community colleges and provides advocacy for legislative issues
-
Leadership Seminar; Law Seminar; Legislative Advocacy
Expenses $549,722
As filed on the 2024 return.
Listed in Part VII
-
C Grayson Whitt
Chair
- Total calculated
- $0
- Hours/week
- 4
-
Lyn Austin
Board Chair
- Total calculated
- $0
- Hours/week
- 4
-
Jerry Church
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Ed Emory
SecretaryTreasurer
- Total calculated
- $0
- Hours/week
- 4
-
Pat Horton
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Allen Langley
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Charles Koonce
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Julian Philpott
At Large
- Total calculated
- $0
- Hours/week
- 4
-
Gary Stroud
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Dr Ted Thomas
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Dr Andrea Williams
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Blake Williams
Trustee
- Total calculated
- $0
- Hours/week
- 4
-
Amy Kincaid
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Kathleen Simpson
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Dr Bill Steed
Trustee
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Larry Caddell
Board Chair
- Total calculated
- $0
- Hours/week
- 0 + 4 related
-
Gene Rees
Chair
- Total calculated
- $0
- Hours/week
- 4
-
Claudia Robinette
Vice Chair
- Total calculated
- $0
- Hours/week
- 4
-
Julie Woodson
President CEO
- Total calculated
- $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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 2 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523379349301002
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