Form 990 for tax year 2022
Filed by WILKES COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $4,620,622
- Total expenses
- $3,545,675
- Contributions and grants received
- $2,629,926
- Grants paid
- $3,475,390
- Program service revenue
- $0
- Investment income
- $323,601
- Other revenue
- $1,667,095
- Total assets, end of year
- $13,548,963
- Total liabilities, end of year
- $288,999
- Net assets or fund balances, end of year
- $13,259,964
- Program services expenses (Part IX)
- $3,475,390
- Management and general expenses
- $21,351
- Fundraising expenses
- $48,934
- Program service expenses (Part III)
- $3,475,390
Program services were 98.0% 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.
-
1c · Fundraising events
$147,938
-
1f · All other contributions, gifts and grants
$2,481,988
-
1g · Noncash contributions included above
$245,355
-
3 · Investment income
total $491,250 · excluded $491,250
-
7a · Gross sales of assets other than inventory
securities $1,334,382
-
7b · Less cost or other basis and sales expenses
securities $1,502,031
-
7c · Gain or loss
securities -$167,649
-
7d · Net gain or loss
total -$167,649 · related or exempt -$167,649
-
8a · Fundraising events: gross income
$4,668,415
-
8a · Fundraising events: contributions included on line 1c
$147,938
-
8b · Fundraising events: direct expenses
$3,079,581
-
8c · Net income from fundraising events
total $1,588,834 · excluded $1,588,834
-
11a · Other revenue: SALES TAX REFUNDS
total $63,970 · related or exempt $63,970
-
11b · Other revenue: MISCELLANEOUS INCOME
total $14,291 · related or exempt $14,291
-
11e · Other revenue, total
$78,261
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,475,390 · program services $3,475,390
-
11c · Fees: accounting
total $21,351 · management and general $21,351
-
11f · Fees: investment management
total $28,861 · fundraising $28,861
-
12 · Advertising and promotion
total $620 · fundraising $620
-
23 · Insurance
total $9,192 · fundraising $9,192
-
24a · Other expenses: SUPPLIES & MATERIALS
total $6,652 · fundraising $6,652
-
24b · Other expenses: FOOD EXPENSES
total $6,079 · fundraising $6,079
-
24c · Other expenses: BAD DEBTS
total $1,422 · fundraising $1,422
-
24d · Other expenses: EQUIPMENT RENTAL
total $230 · fundraising $230
-
24e · All other expenses
total -$4,122 · fundraising -$4,122
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $5,020,041 · end of year $2,107,766
-
3 · Pledges and grants receivable
beginning of year $1,172,887 · end of year $163,861
-
4 · Accounts receivable
beginning of year $87,638 · end of year $87,716
-
8 · Inventories for sale or use
beginning of year $7,116 · end of year $21,934
-
9 · Prepaid expenses and deferred charges
beginning of year $22,383 · end of year $21,100
-
10a · Land, buildings and equipment: cost or other basis
$301,184
-
10c · Land, buildings and equipment, net
beginning of year $301,184 · end of year $301,184
-
11 · Investments: publicly traded securities
beginning of year $5,700,297 · end of year $10,845,402
-
17 · Accounts payable and accrued expenses
beginning of year $297,721 · end of year $233,504
-
19 · Deferred revenue
beginning of year $56,699 · end of year $55,495
-
27 · Net assets without donor restrictions
beginning of year $3,942,363 · end of year $5,085,447
-
28 · Net assets with donor restrictions
beginning of year $8,014,763 · end of year $8,174,517
Mission and programs · 2022
Mission
HELPING THE STUDENTS OF WILKES COMMUNITY COLLEGE
-
IMPROVEMENTS OF WILKES COMMUNITY COLLEGE CAMPUS AND HELPING THE STUDENTS OF THE COLLEGE
Expenses $3,475,390 · Grants $3,475,390
As filed on the 2022 return.
Listed in Part VII
-
Arnold LakeyARNOLD LAKEY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jim SmoakJIM SMOAK
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
William WattsWILLIAM WATTS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Carolyn Brookshire PardueCAROLYN BROOKSHIRE PARDUE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Linda AbsherLINDA ABSHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Evelyn BumgarnerEVELYN BUMGARNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
David BauguessDAVID BAUGUESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
David DealDAVID DEAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Claude FawCLAUDE FAW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Cam FinleyCAM FINLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ben GarrettBEN GARRETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Lee HerringLEE HERRING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Danny HolmanDANNY HOLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Cathy HuieCATHY HUIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Gary JohnsonGARY JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jackie MalloryJACKIE MALLORY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Connie McNeillCONNIE MCNEILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Luther ParksLUTHER PARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Christy PerryCHRISTY PERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Phil StevensPHIL STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Bill WardenBILL WARDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tammy WhitworthTAMMY WHITWORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Lee BentleyLEE BENTLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jay VannoyJAY VANNOY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Morgan FrancesMORGAN FRANCES
INTERIM PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Allison PhillipsALLISON PHILLIPS
EXEC DIRECTOR
- Total calculated
- $103,303
- From this org
- $103,303
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
-
WILKES COMMUNITY COLLEGE
$3,185,496
IMPROVE THE CAMPUS AND IMPROVE STUDENT EXPERIENCE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401369349303375
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