Form 990 for tax year 2023
Filed by ALAMANCE COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $3,341,586
- Total expenses
- $2,047,611
- Contributions and grants received
- $2,397,383
- Grants paid
- $1,991,668
- Program service revenue
- $0
- Investment income
- $925,401
- Other revenue
- $18,802
- Total assets, end of year
- $19,949,606
- Total liabilities, end of year
- $196,010
- Net assets or fund balances, end of year
- $19,753,596
- Program services expenses (Part IX)
- $1,991,668
- Management and general expenses
- $32,114
- Fundraising expenses
- $23,829
- Program service expenses (Part III)
- $1,991,668
Program services were 97.3% 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.
-
1a · Federated campaigns
$24,674
-
1f · All other contributions, gifts and grants
$2,372,709
-
1g · Noncash contributions included above
$126,321
-
3 · Investment income
total $746,087 · related or exempt $746,087
-
7a · Gross sales of assets other than inventory
securities $179,314
-
7c · Gain or loss
securities $179,314
-
7d · Net gain or loss
total $179,314
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: 5K
total $2,110 · related or exempt $2,110
-
11b · Other revenue: Celebration of Excellence
total $2,015 · related or exempt $2,015
-
11c · Other revenue: Financial planner seminar
total $300 · related or exempt $300
-
11d · All other revenue
total $14,377 · related or exempt $14,377
-
11e · Other revenue, total
$18,802
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,831,885 · program services $1,831,885
-
2 · Grants to domestic individuals
total $159,783 · program services $159,783
-
11c · Fees: accounting
total $8,465 · management and general $8,465
-
12 · Advertising and promotion
total $25 · fundraising $25
-
13 · Office expenses
total $129 · management and general $129
-
14 · Information technology
total $19,746 · management and general $9,639 · fundraising $10,107
-
24a · Other expenses: Misc
total $9,722 · management and general $6,793 · fundraising $2,929
-
24b · Other expenses: Events
total $13,722 · management and general $2,954 · fundraising $10,768
-
24c · Other expenses: Memberships and dues
total $4,134 · management and general $4,134
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $2,255,473 · end of year $2,421,404
-
3 · Pledges and grants receivable
beginning of year $131,720 · end of year $559,777
-
4 · Accounts receivable
beginning of year $6,016 · end of year $7,093
-
11 · Investments: publicly traded securities
beginning of year $15,095,919 · end of year $16,772,598
-
15 · Other assets
beginning of year $192,394 · end of year $188,734
-
17 · Accounts payable and accrued expenses
beginning of year $55,226 · end of year $12,221
-
21 · Escrow or custodial account liability
beginning of year $185,171 · end of year $183,789
-
27 · Net assets without donor restrictions
beginning of year $633,336 · end of year $1,062,392
-
28 · Net assets with donor restrictions
beginning of year $16,807,789 · end of year $18,691,204
Mission and programs · 2023
Mission
The Alamance Community College Foundation exists to aid students with a demonstrated financial need in reaching their educational goals, while supporting the mission of ACC.
Activities or mission (Part I)
Exists to aid students with a demonstrated financial need in reaching their educational goals and to support the ACC mission
-
Support for educational programs at ACC including equipment, supplies. This allows ACC to offer the most up to date experience and learning opportunities to match the requirements of local industry.
Expenses $1,080,325 · Grants $1,080,325
-
The ACC Foundadtion provides hundreds of students each year with scholarship assistance, including tuition, textbooks, supplies and other required items.
Expenses $751,560 · Grants $751,560
-
The ACC Foundation provides other forms of student support, including student emergency distress and workstudy opportunities, which aid in student retention. It also provides professional development opportunities for faculty and staff so they can meet the needs of an extremely diverse student body and stay up to date on current. workforce requirements.
Expenses $159,783 · Grants $159,783
As filed on the 2023 return.
Listed in Part VII
-
Lisa ThallerLISA THALLER
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jerry A BaileyJERRY A BAILEY
Committee Chair
- Total calculated
- $0
- Hours/week
- 2
-
Charlene BarrettCHARLENE BARRETT
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
John BellinghamJOHN BELLINGHAM
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Feraud CalixteFERAUD CALIXTE
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Charles T CanadayCHARLES T CANADAY
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ted ChandlerTED CHANDLER
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jackie S ColeJACKIE S COLE
President
- Total calculated
- $0
- Hours/week
- 3
-
Roslyn M CrispROSLYN M CRISP
Trustee Liaison
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Susan EzekielSUSAN EZEKIEL
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
William P GomoryWILLIAM P GOMORY
Trustee Liaison
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Marion D HargroveMARION D HARGROVE
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Brad HarmonBRAD HARMON
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Charles R HarrisCHARLES R HARRIS
Treasurer
- Total calculated
- $0
- Hours/week
- 3
-
Ami HillAMI HILL
Past President
- Total calculated
- $0
- Hours/week
- 2
-
James W KirkpatrickJAMES W KIRKPATRICK
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ashley S LaneASHLEY S LANE
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Brendle LeggettBRENDLE LEGGETT
Committee Chair
- Total calculated
- $0
- Hours/week
- 2
-
Jesse W LongJESSE W LONG
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
David M MooreDAVID M MOORE
Planned Giving Chair
- Total calculated
- $0
- Hours/week
- 2
-
Grover W MooreGROVER W MOORE
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jack R OveracreJACK R OVERACRE
Vice President
- Total calculated
- $0
- Hours/week
- 2
-
Donald R Von HagenDONALD R VON HAGEN
Grants Committee Chair
- Total calculated
- $0
- Hours/week
- 2
-
Mary C RhodeMARY C RHODE
Executive Director
- Total calculated
- $136,762
- From this org
- $0
- From related orgs
- $109,846
- Other
- $26,916
- Hours/week
- 40 + 10 related
-
John L KeenJOHN L KEEN
Interim President of A
- Total calculated
- $93,837
- From this org
- $0
- From related orgs
- $93,837
- Other
- $0
- Hours/week
- 2 + 50 related
-
Kenneth IngleKENNETH INGLE
President of ACC
- Total calculated
- $114,606
- From this org
- $0
- From related orgs
- $91,670
- Other
- $22,936
- Hours/week
- 5 + 50 related
-
Yazmin Garcia RicoYAZMIN GARCIA RICO
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kelli S ShoffnerKELLI S SHOFFNER
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Thomas W HumphreyTHOMAS W HUMPHREY
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth KirkpatrickELIZABETH KIRKPATRICK
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Christine MathewsCHRISTINE MATHEWS
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Troy W Woodard JrTROY W WOODARD JR
Board Member
- Total calculated
- $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.
Grants on this return
-
Alamance Community College
$746,560
Financial aid for students
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.
-
Alamance Community College
NCGS115D · Community College
Directly controlled by Local Board of Trustees
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349306532
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.