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Nonprofiteer
← CARTERET COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by CARTERET COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$2,600,536
Total expenses
$1,284,872
Contributions and grants received
$2,213,787
Grants paid
$635,889
Program service revenue
$0
Investment income
$7,603
Other revenue
$379,146
Total assets, end of year
$6,863,674
Total liabilities, end of year
$166,931
Net assets or fund balances, end of year
$6,696,743
Program services expenses (Part IX)
$1,136,687
Management and general expenses
$142,753
Fundraising expenses
$5,432
Program service expenses (Part III)
$1,136,687

Program services were 88.5% 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

    $2,213,787

  • 3 · Investment income

    total $85,214 · excluded $85,214

  • 6a · Gross rents

    real property $145,452

  • 6b · Less rental expenses

    real property $23,876

  • 6c · Rental income or loss

    real property $121,576

  • 6d · Net rental income or loss

    total $121,576 · excluded $121,576

  • 7a · Gross sales of assets other than inventory

    securities $4,239,188

  • 7b · Less cost or other basis and sales expenses

    securities $4,311,753 · other assets $5,046

  • 7c · Gain or loss

    securities -$72,565 · other assets -$5,046

  • 7d · Net gain or loss

    total -$77,611 · related or exempt -$5,046 · excluded -$72,565

  • 8a · Fundraising events: gross income

    $349,554

  • 8b · Fundraising events: direct expenses

    $224,955

  • 8c · Net income from fundraising events

    total $124,599 · excluded $124,599

  • 10a · Gross sales of inventory

    $148,958

  • 10b · Cost of goods sold

    $15,987

  • 10c · Net income from sales of inventory

    total $132,971 · excluded $132,971

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $635,889 · program services $635,889

  • 7 · Other salaries and wages

    total $456,608 · program services $456,608

  • 11b · Fees: legal

    total $5,470 · management and general $5,470

  • 11c · Fees: accounting

    total $12,850 · management and general $12,850

  • 11f · Fees: investment management

    total $24,573 · management and general $24,573

  • 11g · Fees: other

    total $16,906 · management and general $16,906

  • 12 · Advertising and promotion

    total $8,398 · management and general $8,398

  • 13 · Office expenses

    total $16,462 · program services $5,598 · management and general $5,432 · fundraising $5,432

  • 16 · Occupancy

    total $549 · program services $274 · management and general $275

  • 17 · Travel

    total $3,319 · management and general $3,319

  • 22 · Depreciation, depletion and amortization

    total $37,273 · program services $35,260 · management and general $2,013

  • 23 · Insurance

    total $2,007 · program services $1,003 · management and general $1,004

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $59,627 · management and general $59,627

  • 24b · Other expenses: FOUNDATION BOARD EXPENSES

    total $2,886 · management and general $2,886

  • 24c · Other expenses: MISCELLANEOUS

    total $2,055 · program services $2,055

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $715,276 · end of year $89,936

  • 2 · Savings and temporary cash investments

    beginning of year $236,326 · end of year $442,272

  • 3 · Pledges and grants receivable

    beginning of year $377,918 · end of year $164,585

  • 8 · Inventories for sale or use

    beginning of year $56,889 · end of year $65,007

  • 10a · Land, buildings and equipment: cost or other basis

    $2,251,279

  • 10b · Land, buildings and equipment: accumulated depreciation

    $312,470

  • 10c · Land, buildings and equipment, net

    beginning of year $1,977,303 · end of year $1,938,809

  • 11 · Investments: publicly traded securities

    beginning of year $3,295,289 · end of year $4,151,068

  • 14 · Intangible assets

    beginning of year $3,821

  • 15 · Other assets

    beginning of year $11,997 · end of year $11,997

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,658 · end of year $8,015

  • 19 · Deferred revenue

    beginning of year $368,290

  • 23 · Secured mortgages and notes payable

    beginning of year $1,248,778 · end of year $158,916

  • 27 · Net assets without donor restrictions

    beginning of year $2,670,285 · end of year $3,619,350

  • 28 · Net assets with donor restrictions

    beginning of year $2,374,808 · end of year $3,077,393

Mission and programs · 2022

Mission

THE MISSION OF THE CARTERET COMMUNITY COLLEGE FOUNDATION, INC. IS TO PROVIDE COMPREHENSIVE COMMUNITY SUPPORT AND RESOURCES FOR CARTERET COMMUNITY COLLEGE.

  • THE MISSION OF THE CARTERET COMMUNITY COLLEGE FOUNDATION, INC. IS TO PROVIDE COMPREHENSIVE COMMUNITY SUPPORT AND RESOURCES FOR CARTERET COMMUNITY COLLEGE.

    Expenses $1,136,687 · Grants $635,889

As filed on the 2022 return.

Listed in Part VII

  • Wanda Bennett

    MEMBER

    Total calculated
    $0

  • Hunt Brasfield

    MEMBER

    Total calculated
    $0

  • Dr Cynthia Chamblee

    MEMBER

    Total calculated
    $0

  • Jeremy Dickenson

    MEMBER

    Total calculated
    $0

  • Lynn Eury

    MEMBER

    Total calculated
    $0

  • Linda M Gould

    MEMBER

    Total calculated
    $0

  • Eric Gregson

    MEMBER

    Total calculated
    $0

  • Penny Hooper

    MEMBER

    Total calculated
    $0

  • John Humphries

    MEMBER

    Total calculated
    $0

  • Averi Linderman

    MEMBER

    Total calculated
    $0

  • Jo Ann Mangum

    MEMBER

    Total calculated
    $0

  • Sherrill Moraven

    MEMBER

    Total calculated
    $0

  • Wendi Oliver

    MEMBER

    Total calculated
    $0

  • Charlotte Post

    MEMBER

    Total calculated
    $0

  • Mary Prager

    MEMBER

    Total calculated
    $0

  • Heather Sanderson

    MEMBER

    Total calculated
    $0

  • Denise Warren

    MEMBER

    Total calculated
    $0

  • William Weinhold

    MEMBER

    Total calculated
    $0

  • Dr Michael Gooden

    CHAIR

    Total calculated
    $0

  • Jillian Farrington Lister

    VICE CHAIR

    Total calculated
    $0

  • Dr Tracy Mancini

    SECRETARY

    Total calculated
    $0

  • Chris Mashburn

    TREASURER

    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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
5 January 2024
IRS schema version
2022v5.0
Source object
202400189349300710

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