Form 990 for tax year 2023
Filed by FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,280,405
- Total expenses
- $1,226,844
- Contributions and grants received
- $1,066,657
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $213,748
- Other revenue
- $0
- Total assets, end of year
- $7,083,949
- Total liabilities, end of year
- $3,373
- Net assets or fund balances, end of year
- $7,080,576
- Program services expenses (Part IX)
- $1,106,158
- Management and general expenses
- $85,746
- Fundraising expenses
- $34,940
- Program service expenses (Part III)
- $1,106,158
Program services were 90.2% 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
$1,066,657
-
1g · Noncash contributions included above
$27,413
-
3 · Investment income
total $213,748 · related or exempt $213,748
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $5,500 · management and general $5,500
-
11f · Fees: investment management
total $27,146 · management and general $27,146
-
13 · Office expenses
total $940 · management and general $940
-
24a · Other expenses: GRANT EXPENSES
total $561,338 · program services $561,338
-
24b · Other expenses: ENDOWED SCHOLARSHIPS
total $174,687 · program services $174,687
-
24c · Other expenses: SUPPLIES AND EXPENSES
total $102,043 · program services $102,043
-
24d · Other expenses: ANNUAL SCHOLARSHIPS
total $90,760 · program services $90,760
-
24e · All other expenses
total $264,430 · program services $177,330 · management and general $52,160 · fundraising $34,940
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,206,489 · end of year $1,074,137
-
4 · Accounts receivable
beginning of year $2,473 · end of year $5,126
-
11 · Investments: publicly traded securities
beginning of year $5,341,782 · end of year $6,004,686
-
17 · Accounts payable and accrued expenses
beginning of year $7,727 · end of year $3,373
-
27 · Net assets without donor restrictions
beginning of year $524,034 · end of year $580,637
-
28 · Net assets with donor restrictions
beginning of year $6,018,983 · end of year $6,499,939
Mission and programs · 2023
Mission
TO PROVIDE SUPPORT TO FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE FOR SCHOLARSHIPS, GRANTS, AND CAPITAL ITEMS TO SUPPORT EDUCATION AT FTCC.
-
TO PROVIDE SUPPORT TO FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE FOR SCHOLARSHIPS, GRANTS, AND CAPITAL ITEMS TO SUPPORT EDUCATION AND THE STUDENT EXPERIENCE AT FTCC.
Expenses $1,106,158
As filed on the 2023 return.
Listed in Part VII
-
Maria AdamsMARIA ADAMS
DIRECTOR
- Total calculated
- $0
-
Carolyn ArmstrongCAROLYN ARMSTRONG
DIRECTOR
- Total calculated
- $0
-
Chris BullardCHRIS BULLARD
DIRECTOR
- Total calculated
- $0
-
Charles Ben ChambersCHARLES BEN CHAMBERS
DIRECTOR
- Total calculated
- $0
-
Richard CravenRICHARD CRAVEN
DIRECTOR
- Total calculated
- $0
-
Donna DawkinsDONNA DAWKINS
TREASURER
- Total calculated
- $0
-
Jay DowdyJAY DOWDY
CHAIR
- Total calculated
- $0
-
Dick FoxDICK FOX
DIRECTOR
- Total calculated
- $0
-
Gerald GordnerGERALD GORDNER
DIRECTOR
- Total calculated
- $0
-
Bill HedgepethBILL HEDGEPETH
DIRECTOR
- Total calculated
- $0
-
Cody HopperCODY HOPPER
DIRECTOR
- Total calculated
- $0
-
Brad HurleyBRAD HURLEY
DIRECTOR
- Total calculated
- $0
-
Whitaker Grannis IIIWHITAKER GRANNIS III
ASSISTANT TR
- Total calculated
- $0
-
Rani JunejaRANI JUNEJA
DIRECTOR
- Total calculated
- $0
-
Alex KeithALEX KEITH
DIRECTOR
- Total calculated
- $0
-
Donna LloydDONNA LLOYD
DIRECTOR
- Total calculated
- $0
-
Sheel PatelSHEEL PATEL
DIRECTOR
- Total calculated
- $0
-
Tim PriceTIM PRICE
DIRECTOR
- Total calculated
- $0
-
Lisa ScalesLISA SCALES
DIRECTOR
- Total calculated
- $0
-
Dixon SoffeDIXON SOFFE
VICE CHAIR
- Total calculated
- $0
-
Dr Mark SorrellsDR MARK SORRELLS
FTCC PRESIDE
- Total calculated
- $0
-
Jamie Harrell TerraccianoJAMIE HARRELL TERRACCIANO
DIRECTOR
- Total calculated
- $0
-
Greg WhitleyGREG WHITLEY
PAST PRESIDE
- Total calculated
- $0
-
Linsay WhitleyLINSAY WHITLEY
DIRECTOR
- Total calculated
- $0
-
Sandra AmmonsSANDRA AMMONS
EXECUTIVE DI
- Total calculated
- $0
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 August 2024
- IRS schema version
- 2023v5.0
- Source object
- 202412499349301131
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