Totals
- Total revenue
- $1,646,185
- Total expenses
- $1,554,676
- Contributions and grants received
- $1,006,944
- Grants paid
- $907,143
- Program service revenue
- $0
- Investment income
- $639,241
- Other revenue
- $0
- Total assets, end of year
- $12,301,595
- Total liabilities, end of year
- $6,292
- Net assets or fund balances, end of year
- $12,295,303
- Program services expenses (Part IX)
- $1,274,510
- Management and general expenses
- $147,871
- Fundraising expenses
- $132,295
- Program service expenses (Part III)
- $1,274,510
Program services were 82.0% 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
$1,006,944
-
1g · Noncash contributions included above
$8,110
-
3 · Investment income
total $332,357 · excluded $332,357
-
7a · Gross sales of assets other than inventory
securities $4,673,804
-
7b · Less cost or other basis and sales expenses
securities $4,366,920
-
7c · Gain or loss
securities $306,884
-
7d · Net gain or loss
total $306,884 · excluded $306,884
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $907,143 · program services $907,143
-
11c · Fees: accounting
total $11,347 · management and general $11,347
-
11f · Fees: investment management
total $37,696 · management and general $37,696
-
11g · Fees: other
total $216,936 · program services $216,936
-
13 · Office expenses
total $1,281 · program services $1,281
-
14 · Information technology
total $53,744 · program services $53,744
-
17 · Travel
total $42,325 · program services $42,325
-
24a · Other expenses: OTHER EXPENSES
total $149,015 · program services $50,187 · management and general $98,828
-
24b · Other expenses: RECEPTIONS
total $116,700 · fundraising $116,700
-
24c · Other expenses: RECOGNITION
total $9,898 · fundraising $9,898
-
24d · Other expenses: SUPPLIES AND SERVICES
total $8,591 · program services $2,894 · fundraising $5,697
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,436,016 · end of year $784,297
-
3 · Pledges and grants receivable
beginning of year $1,472,670 · end of year $810,661
-
9 · Prepaid expenses and deferred charges
beginning of year $4,757 · end of year $14,108
-
10a · Land, buildings and equipment: cost or other basis
$200,114
-
10c · Land, buildings and equipment, net
end of year $200,114
-
11 · Investments: publicly traded securities
beginning of year $9,116,927 · end of year $10,444,474
-
12 · Investments: other securities
beginning of year $45,315 · end of year $47,941
-
17 · Accounts payable and accrued expenses
beginning of year $14,193 · end of year $6,292
-
27 · Net assets without donor restrictions
beginning of year $2,954,476 · end of year $3,205,198
-
28 · Net assets with donor restrictions
beginning of year $9,107,016 · end of year $9,090,105
Mission and programs · 2022
Mission
THE MISSION OF GASTON COLLEGE FOUNDATION, INC. IS TO RAISE, INVEST, ADMINISTER AND DISBURSE FUNDS EXECLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES FOR THE BENEFIT OF GASTON COLLEGE. ANY GIFTS RECIEVED BY THE FOUNDATION ARE DIRECT NEEDS OF THE COLLEGE.
-
THE FOUNDATION PROVIDES GENERAL SUPPORT FOR EDUCATIONAL ENRICHMENT PROGRAMS AT GASTON COLLEGE INCLUDING SUPPORT FOR UNDERGRADUATE RESEARCH, HEALTH SCIENCE SIMULATION EQUIPMENT, FOOD BANK, ETC.
Expenses $320,823
-
THE FOUNDATION PROVIDES FUNDING FOR SCHOLARSHIPS FOR GASTON COLLEGE STUDENTS AS WELL AS GRANTS FOR FACULTY.
Expenses $696,458 · Grants $696,458
-
THE FOUNDATION ACCEPTS GIFTS AND PROVIDES FUNDING FOR THE COLLEGE'S RADIO STATION WSGE 91.7 FM.
Expenses $257,229 · Grants $210,685
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DR JOHN HAUSER
SECRETARY
- Total calculated
- $290,767
- From this org
- $0
- From related orgs
- $281,908
- Other
- $8,859
- Hours/week
- 0.5 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $281,908 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $8,859 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $290,767 related
-
SHELLY ALMAN
VP OF FINANC
- Total calculated
- $135,332
- From this org
- $0
- From related orgs
- $120,801
- Other
- $14,531
- Hours/week
- 0.5 + 40 related
-
LUKE UPCHURCH
EXECUTIVE DI
- Total calculated
- $95,469
- From this org
- $0
- From related orgs
- $87,407
- Other
- $8,062
- Hours/week
- 10 + 30 related
-
JALAL JOHN AZAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
NAZRUL CHOWDHURY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
JOHN DANCOFF
DIRECTOR, GC
- Total calculated
- $0
- Hours/week
- 0.3
-
TIM EFIRD
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 0.5
-
CHRIS ELMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
MARTY HALLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
IRIS HOPPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
JOHN S LOWERY JR
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
JOAN MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
CHAD MELVIN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
ROB PEARSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
ROSALIND WELDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
JOHNATHAN WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
MARTIN EADDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
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
-
$696,458
SCHOLARSHIPS
-
$210,685
WSGE SALARIES
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.
-
170C1 · EDUCATION · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 6 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431319349304203
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