Form 990 for tax year 2022
Filed by ISOTHERMAL COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $176,333
- Total expenses
- $263,430
- Contributions and grants received
- $183,786
- Grants paid
- $176,759
- Program service revenue
- $0
- Investment income
- -$64,661
- Other revenue
- $57,208
- Total assets, end of year
- $2,838,587
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $2,838,587
- Program services expenses (Part IX)
- $235,975
- Management and general expenses
- $27,455
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $235,975
Program services were 89.6% 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
$183,786
-
1g · Noncash contributions included above
$816
-
3 · Investment income
total $118,560 · related or exempt $118,560
-
7b · Less cost or other basis and sales expenses
securities $183,221
-
7c · Gain or loss
securities -$183,221
-
7d · Net gain or loss
total -$183,221 · related or exempt -$183,221
-
8a · Fundraising events: gross income
$81,650
-
8b · Fundraising events: direct expenses
$24,442
-
8c · Net income from fundraising events
total $57,208 · excluded $57,208
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $176,759 · program services $176,759
-
24a · Other expenses: SCHOLARSHIPS
total $44,805 · program services $44,805
-
24b · Other expenses: OTHER EXPENSES
total $27,455 · management and general $27,455
-
24c · Other expenses: MENTORING
total $9,775 · program services $9,775
-
24d · Other expenses: EMPLOYEE PROFESSIONAL D
total $4,636 · program services $4,636
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year -$3
-
2 · Savings and temporary cash investments
beginning of year $174,646 · end of year $157,350
-
4 · Accounts receivable
beginning of year $23,200
-
11 · Investments: publicly traded securities
beginning of year $2,490,109 · end of year $2,681,237
-
17 · Accounts payable and accrued expenses
beginning of year $23,200
-
27 · Net assets without donor restrictions
beginning of year $210,361 · end of year $211,409
-
28 · Net assets with donor restrictions
beginning of year $2,454,391 · end of year $2,627,178
Mission and programs · 2022
Mission
NONE
Activities or mission (Part I)
FOSTER AND PROMOTE THE PROGRESS AND GENERAL WELFARE OF THE COLLEGE & TO ENHANCE FINANCIAL STABILITY.
-
SCHOLARSHIPS AND FUNDS TO STUDENTS OF ISOTHERMAL COMMUNITY COLLEGE TO PROVIDE ASSISTANCE IN OBTAINING A COLLEGE DEGREE
Expenses $235,975 · Grants $176,759
As filed on the 2022 return.
Listed in Part VII
-
Renee CollinsRENEE COLLINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Tammy CarpenterTAMMY CARPENTER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Rj AikenRJ AIKEN
BOARD MEMBER
- Total calculated
- $42,182
- From this org
- $0
- From related orgs
- $39,734
- Other
- $2,448
- Hours/week
- 1
-
Mike GavinMIKE GAVIN
BOARD MEMBER
- Total calculated
- $83,447
- From this org
- $0
- From related orgs
- $78,752
- Other
- $4,695
- Hours/week
- 1
-
David HerndonDAVID HERNDON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sally BlantonSALLY BLANTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Carolyn HortonCAROLYN HORTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
James HutchinsJAMES HUTCHINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Ken WarrenKEN WARREN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Flora MajorFLORA MAJOR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Yanrt CisnerosYANRT CISNEROS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Susan HensonSUSAN HENSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Alan CarverALAN CARVER
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
John CondreyJOHN CONDREY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jessie MarloweJESSIE MARLOWE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Bill McDanielBILL MCDANIEL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Julia GuijosaJULIA GUIJOSA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sarah Merrison-McEntireSARAH MERRISON-MCENTIRE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Maria HunnicuttMARIA HUNNICUTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Mike SaundersMIKE SAUNDERS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Sarah MorseSARAH MORSE
BOARD MEMBER
- Total calculated
- $39,200
- From this org
- $0
- From related orgs
- $37,860
- Other
- $1,340
- Hours/week
- 1
-
Terri WellsTERRI WELLS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Pell TannerPELL TANNER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jill MiracleJILL MIRACLE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Margaret AnnunziataMARGARET ANNUNZIATA
BOARD MEMBER
- Total calculated
- $215,148
- From this org
- $0
- From related orgs
- $203,446
- Other
- $11,702
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $0 + $203,446 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $11,702 related
- Nontaxable benefits
- $0
- Filer's total
- $0 + $215,148 related
-
Stephen WatsonSTEPHEN WATSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Charlie BrownCHARLIE BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Carol PritchettCAROL PRITCHETT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Amy PensonAMY PENSON
ASST TREASURER
- Total calculated
- $99,919
- From this org
- $0
- From related orgs
- $96,677
- Other
- $3,242
- Hours/week
- 2
-
Thad HarrillTHAD HARRILL
EXECUTIVE DIRECTOR
- Total calculated
- $114,510
- From this org
- $0
- From related orgs
- $108,213
- Other
- $6,297
- Hours/week
- 1
-
Lois HuskeyLOIS HUSKEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Diane WarnerDIANE WARNER
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Leon GodlockLEON GODLOCK
CHAIR
- Total calculated
- $4,654
- From this org
- $0
- From related orgs
- $4,654
- Other
- $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. 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
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
-
$176,759
TO PROVIDE GENERAL WELFARE AND TO ENHANCE FINANCAL STABILITY
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.
-
501(C)(3) · COMMUNITY COLLEGE · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 21 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202312409349301466
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