Form 990 for tax year 2023
Filed by GUILFORD TECHNICAL COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $2,153,662
- Total expenses
- $1,268,019
- Contributions and grants received
- $1,672,663
- Grants paid
- $554,193
- Program service revenue
- $0
- Investment income
- $503,600
- Other revenue
- -$22,601
- Total assets, end of year
- $19,612,406
- Total liabilities, end of year
- $78,368
- Net assets or fund balances, end of year
- $19,534,038
- Program services expenses (Part IX)
- $1,069,345
- Management and general expenses
- $138,883
- Fundraising expenses
- $59,791
- Program service expenses (Part III)
- $1,069,345
Program services were 84.3% 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.
-
1c · Fundraising events
$60,381
-
1f · All other contributions, gifts and grants
$1,612,282
-
1g · Noncash contributions included above
$206,469
-
3 · Investment income
total $368,783 · excluded $368,783
-
7a · Gross sales of assets other than inventory
securities $166,186
-
7b · Less cost or other basis and sales expenses
other assets $31,369
-
7c · Gain or loss
securities $166,186 · other assets -$31,369
-
7d · Net gain or loss
total $134,817 · excluded $134,817
-
8a · Fundraising events: gross income
$2,343
-
8a · Fundraising events: contributions included on line 1c
$60,381
-
8b · Fundraising events: direct expenses
$30,414
-
8c · Net income from fundraising events
total -$28,071
-
11a · Other revenue: MISCELLANEOUS
total $5,470 · related or exempt $5,470
-
11e · Other revenue, total
$5,470
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $554,193 · program services $554,193
-
8 · Pension plan contributions
total $33,092 · program services $33,092
-
11b · Fees: legal
total $13,909 · management and general $13,909
-
11c · Fees: accounting
total $13,910 · management and general $13,910
-
11f · Fees: investment management
total $51,775 · management and general $51,775
-
11g · Fees: other
total $86,919 · program services $7,770 · management and general $44,501 · fundraising $34,648
-
12 · Advertising and promotion
total $51,699 · program services $42,575 · management and general $4,114 · fundraising $5,010
-
13 · Office expenses
total $244,205 · program services $192,251 · management and general $45,120 · fundraising $6,834
-
17 · Travel
total $59,582 · program services $54,036 · management and general $5,226 · fundraising $320
-
19 · Conferences, conventions and meetings
total $2,945 · program services $2,920 · management and general $25
-
24a · Other expenses: CONTRIBUTED MATERIALS
total $175,854 · program services $162,785 · management and general $90 · fundraising $12,979
-
24b · Other expenses: EMPLOYEE RECOGNITION/APPR
total $23,626 · program services $17,632 · management and general $5,994
-
24c · Other expenses: SITE DEVELOPMENT COSTS
total $1,887 · management and general $1,887
-
24d · Other expenses: MISCELLANEOUS
total -$45,577 · program services $2,091 · management and general -$47,668
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $75,002 · end of year $140,793
-
3 · Pledges and grants receivable
beginning of year $221,704 · end of year $207,745
-
4 · Accounts receivable
beginning of year $13,374 · end of year $18,233
-
8 · Inventories for sale or use
beginning of year $7,664 · end of year $15,833
-
9 · Prepaid expenses and deferred charges
beginning of year $285 · end of year $119
-
10a · Land, buildings and equipment: cost or other basis
$1,686,743
-
10c · Land, buildings and equipment, net
beginning of year $1,604,153 · end of year $1,686,743
-
13 · Investments: program-related
beginning of year $15,398,873 · end of year $17,160,165
-
15 · Other assets
beginning of year $414,144 · end of year $382,775
-
17 · Accounts payable and accrued expenses
beginning of year $65,011 · end of year $78,368
-
19 · Deferred revenue
beginning of year $1,300
-
27 · Net assets without donor restrictions
beginning of year $9,206,691 · end of year $9,700,974
-
28 · Net assets with donor restrictions
beginning of year $8,462,197 · end of year $9,833,064
Mission and programs · 2023
Mission
THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO WORTHY STUDENTS SEEKING THEIR EDUCATION, AND TO FACULTY AND STAFF IN AREAS NOT COVERED BY STATE FUNDS. THE FOUNDATION SOLICITS AND ADMINISTERS CHARITABLE GIFTS IN ACCORDANCE WITH THE COLLEGE'S MISSION AND GOALS.
Activities or mission (Part I)
TO RAISE FUNDS TO SUPPLEMENT THE FINANCIAL RESOURSES AVAILABLE TO STUDENTS, FACULTY, STAFF, AND PROGRAMS OF GUILFORD TECHNICAL COMMUNITY COLLEGE.
-
VARIOUS FINANCIAL ASSISTANCE WITH PROGRAMS AND SERVICES AT GUILFORD TECHNICAL COMMUNITY COLLEGE.
Expenses $515,152
-
SCHOLARSHIPS AND FINANCIAL AID GIVEN TO STUDENTS OF GUILFORD TECHNICAL COMMUNITY COLLEGE.
Expenses $554,193 · Grants $554,193
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr Anthony ClarkeDR ANTHONY CLARKE
SECRETARY
- Total calculated
- $292,042
- From this org
- $0
- From related orgs
- $254,187
- Other
- $37,855
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- not reported + $254,187 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $37,855 related
- Filer's total
- not reported + $292,042 related
-
Angela CarterANGELA CARTER
TREASURER
- Total calculated
- $246,740
- From this org
- $0
- From related orgs
- $166,129
- Other
- $80,611
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- not reported + $166,129 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $80,611 related
- Filer's total
- not reported + $246,740 related
-
Suzy AdkinsSUZY ADKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rhonda AndersonRHONDA ANDERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Donald CameronDR DONALD CAMERON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doug CopelandDOUG COPELAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc CutcherMARC CUTCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff DowdenJEFF DOWDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marshall EdwardsMARSHALL EDWARDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael GodwinMICHAEL GODWIN
IMMEDIATE PA
- Total calculated
- $0
- Hours/week
- 1
-
Charles GreeneCHARLES GREENE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hank HenningHANK HENNING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Christopher HarrillCHRISTOPHER HARRILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Jim HoesktraDR JIM HOESKTRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George JordanGEORGE JORDAN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas MorrowTHOMAS MORROW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sara MillardSARA MILLARD
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Kourtney PayneKOURTNEY PAYNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rick RamseyRICK RAMSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott SaylorSCOTT SAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adrian SmithADRIAN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kenny TaylorKENNY TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris TreveyCHRIS TREVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leslye TuckLESLYE TUCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Don WebbDON WEBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
James WhiteJAMES WHITE
DIRECTOR
- 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. 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
No itemized grants to organizations on this return.
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.
-
GUILFORD TECHNICAL COMMUNITY COLLEGE
EDUCATION · NC
Directly controlled by NA
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
GTCC FOUNDATION PROPERTIES LLC
REAL ESTAT · NC · assets $1,686,743
Directly controlled by GUILFORD T
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530849349301343
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