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Nonprofiteer
← WILSON COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by WILSON COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$607,269
Total expenses
$276,962
Contributions and grants received
$194,125
Grants paid
$0
Program service revenue
$19,370
Investment income
$279,343
Other revenue
$114,431
Total assets, end of year
$6,550,650
Total liabilities, end of year
$19,795
Net assets or fund balances, end of year
$6,530,855
Program services expenses (Part IX)
$221,031
Management and general expenses
$48,378
Fundraising expenses
$7,553
Program service expenses (Part III)
$221,031

Program services were 79.8% 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.

  • 1f · All other contributions, gifts and grants

    $194,125

  • 2a · Program service revenue: VARIOUS FUNDRAISERS

    total $19,370 · excluded $19,370

  • 3 · Investment income

    total $279,343 · related or exempt $279,343

  • 11a · Other revenue: GRANTS

    total $76,000 · related or exempt $76,000

  • 11b · Other revenue: LEASE INCOME

    total $38,431 · related or exempt $38,431

  • 11e · Other revenue, total

    $114,431

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $6,673 · program services $3,336 · management and general $3,337

  • 12 · Advertising and promotion

    total $5,132 · management and general $5,132

  • 13 · Office expenses

    total $10,153 · management and general $2,600 · fundraising $7,553

  • 14 · Information technology

    total $12,620 · management and general $12,620

  • 19 · Conferences, conventions and meetings

    total $1,895 · management and general $1,895

  • 22 · Depreciation, depletion and amortization

    total $43,830 · program services $43,830

  • 23 · Insurance

    total $178 · management and general $178

  • 24a · Other expenses: SCHOLARSHIPS AWARDED

    total $143,680 · program services $143,680

  • 24b · Other expenses: BANK FEES

    total $17,616 · management and general $17,616

  • 24c · Other expenses: INSTITUTIONAL DEVELOPMENT

    total $14,169 · program services $14,169

  • 24d · Other expenses: SPECIAL EVENTS AND CAMPS

    total $5,536 · program services $5,536

  • 24e · All other expenses

    total $15,480 · program services $10,480 · management and general $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,582 · end of year -$1,112

  • 2 · Savings and temporary cash investments

    beginning of year $211,792 · end of year $290,350

  • 10a · Land, buildings and equipment: cost or other basis

    $3,262,000

  • 10b · Land, buildings and equipment: accumulated depreciation

    $219,153

  • 10c · Land, buildings and equipment, net

    beginning of year $3,086,677 · end of year $3,042,847

  • 11 · Investments: publicly traded securities

    beginning of year $2,920,292 · end of year $3,218,565

  • 25 · Other liabilities

    beginning of year $19,795 · end of year $19,795

  • 27 · Net assets without donor restrictions

    beginning of year $3,326,880 · end of year $3,386,864

  • 28 · Net assets with donor restrictions

    beginning of year $2,873,668 · end of year $3,143,991

Mission and programs · 2022

Mission

PROVIDE SCHOLARSHIPS, GRANTS AND AWARDS FOR STUDENTS AND PROFESSIONAL DEVELOPMENT FOR FACULTY AND STAFF AT WILSON COMMUNITY COLLEGE

Activities or mission (Part I)

PROMOTE THE GENERAL WELFARE OF THE COLLEGE BY AWARDING SCHOLARSHIPS AND TUITION ASSITANCE TO STUDENTS. PROMOTING PROGRAM AWARENESS AND COMMUNITY ENGAGEMENT AND PROVIDING SUPPORT TO FACULTY AND STAFF.

  • PROVIDE SCHOLARSHIPS, GRANTS AND AWARDS FOR STUDENTS AND PROFESSIONAL DEVELOPMENT FOR FACULTY AND STAFF AT WILSON COMMUNITY COLLEGE

    Expenses $221,031

As filed on the 2022 return.

Listed in Part VII

  • Jessica Griffin

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    10

  • Brittany Harrelson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Rhonda Nixon

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    5

  • Matt Whitley

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Dr Tim Wright

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

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
2022
Filed
27 September 2023
IRS schema version
2022v5.0
Source object
202312859349300216

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