Form 990 for tax year 2023
Filed by CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $15,132,930
- Total expenses
- $3,454,363
- Contributions and grants received
- $11,235,353
- Grants paid
- $957,243
- Program service revenue
- $0
- Investment income
- $3,897,577
- Other revenue
- $0
- Total assets, end of year
- $29,644,658
- Total liabilities, end of year
- $517,031
- Net assets or fund balances, end of year
- $29,127,627
- Program services expenses (Part IX)
- $2,779,477
- Management and general expenses
- $620,174
- Fundraising expenses
- $54,712
- Program service expenses (Part III)
- $2,779,477
Program services were 80.5% 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
$11,235,353
-
1g · Noncash contributions included above
$102,363
-
3 · Investment income
total $731,724 · excluded $731,724
-
7a · Gross sales of assets other than inventory
securities $16,789,659
-
7b · Less cost or other basis and sales expenses
securities $13,623,806
-
7c · Gain or loss
securities $3,165,853
-
7d · Net gain or loss
total $3,165,853 · excluded $3,165,853
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $957,243 · program services $957,243
-
11c · Fees: accounting
total $12,106 · program services $981 · management and general $7,446 · fundraising $3,679
-
11f · Fees: investment management
total $38,273 · management and general $38,273
-
11g · Fees: other
total $22,520 · program services $1,824 · management and general $13,852 · fundraising $6,844
-
12 · Advertising and promotion
total $1,757 · program services $190 · management and general $1,441 · fundraising $126
-
13 · Office expenses
total $80,774 · program services $8,722 · management and general $66,241 · fundraising $5,811
-
14 · Information technology
total $67,965 · program services $7,340 · management and general $55,736 · fundraising $4,889
-
17 · Travel
total $1,971 · program services $160 · management and general $1,212 · fundraising $599
-
24a · Other expenses: WILSON CENTER
total $1,148,620 · program services $1,148,620
-
24b · Other expenses: CFCC DIRECT SUPPORT
total $589,007 · program services $589,007
-
24c · Other expenses: TRANSFERS TO COLLEGE
total $284,095 · management and general $284,095
-
24d · Other expenses: BAD DEBT
total $88,867 · management and general $88,867
-
24e · All other expenses
total $161,165 · program services $65,390 · management and general $63,011 · fundraising $32,764
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,534,345 · end of year $4,287,748
-
2 · Savings and temporary cash investments
end of year $1,662,683
-
3 · Pledges and grants receivable
beginning of year $299,883 · end of year $210,399
-
9 · Prepaid expenses and deferred charges
end of year $15,158
-
11 · Investments: publicly traded securities
beginning of year $14,958,555 · end of year $23,310,676
-
15 · Other assets
beginning of year $489,755 · end of year $157,994
-
17 · Accounts payable and accrued expenses
beginning of year $110,780 · end of year $517,031
-
27 · Net assets without donor restrictions
beginning of year $806,891 · end of year $1,084,348
-
28 · Net assets with donor restrictions
beginning of year $18,364,867 · end of year $28,043,279
Mission and programs · 2023
Mission
TO PROVIDE SCHOLARSHIPS FOR COLLEGE STUDENTS AND TO SUPPORT THE PROGRAMS OF CAPE FEAR COMMUNITY COLLEGE.
-
SCHOLARSHIPS TO STUDENTS AT CAPE FEAR COMMUNITY COLLEGE AND MINI-GRANTS TO INSTRUCTORS, BASED ON DOCUMENTED CRITERIA.
Expenses $957,243 · Grants $957,243
-
DONATIONS OF CASH TO CAPE FEAR COMMUNITY COLLEGE FOR EDUCATIONAL SUPPORT AND FOR VARIOUS SERVICES AND IMPROVEMENTS AND TO ASSIST IN GENERATING CASH AND NON-CASH SUPPORT FROM BUSINESSES AND INDIVIDUALS TO HELP FURTHER THE PROGRAMS OF THE COLLEGE.
Expenses $1,822,234
-
DONATIONS OF NON-CASH ITEMS TO CAPE FEAR COMMUNITY COLLEGE TO HELP FURTHER THE PROGRAMS OF THE COLLEGE.
As filed on the 2023 return.
Listed in Part VII
-
Dr Janie Canty-MitchellDR JANIE CANTY-MITCHELL
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer CranfordJENNIFER CRANFORD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Teresa HuffmonTERESA HUFFMON
FINANCE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bill BaggettBILL BAGGETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tiffany BarlowTIFFANY BARLOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hannah HoltHANNAH HOLT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Ellen BonczekMARY ELLEN BONCZEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George JohnsonGEORGE JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Michael PenlandDR MICHAEL PENLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Edward RicciardelliDR EDWARD RICCIARDELLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Rudi RichmandDR RUDI RICHMAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Howard SteinHOWARD STEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Inza WalstonINZA WALSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jack FullerJACK FULLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maggie StargellMAGGIE STARGELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt WhiteMATT WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Landon ZimmerLANDON ZIMMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Louise McCollLOUISE MCCOLL
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.
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.
-
CAPE FEAR COMMUNITY COLLEGE
EDUCATION · NC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530519349300018
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