Form 990 for tax year 2022
Filed by CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $3,780,621
- Total expenses
- $1,605,389
- Contributions and grants received
- $3,454,015
- Grants paid
- $667,709
- Program service revenue
- $0
- Investment income
- $339,292
- Other revenue
- -$12,686
- Total assets, end of year
- $19,282,538
- Total liabilities, end of year
- $110,780
- Net assets or fund balances, end of year
- $19,171,758
- Program services expenses (Part IX)
- $1,160,147
- Management and general expenses
- $379,712
- Fundraising expenses
- $65,530
- Program service expenses (Part III)
- $1,160,147
Program services were 72.3% 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
$303,152
-
1f · All other contributions, gifts and grants
$3,150,863
-
1g · Noncash contributions included above
$342,702
-
3 · Investment income
total $465,510 · excluded $465,510
-
7a · Gross sales of assets other than inventory
securities $3,294,272
-
7b · Less cost or other basis and sales expenses
securities $3,420,490
-
7c · Gain or loss
securities -$126,218
-
7d · Net gain or loss
total -$126,218 · related or exempt -$126,218
-
8a · Fundraising events: contributions included on line 1c
$303,152
-
8b · Fundraising events: direct expenses
$12,686
-
8c · Net income from fundraising events
total -$12,686 · excluded -$12,686
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $667,709 · program services $667,709
-
11f · Fees: investment management
total $33,831 · program services $33,831
-
11g · Fees: other
total $18,976 · program services $3,448 · management and general $11,532 · fundraising $3,996
-
14 · Information technology
total $141,588 · program services $25,727 · management and general $86,043 · fundraising $29,818
-
17 · Travel
total $774 · program services $141 · management and general $470 · fundraising $163
-
24a · Other expenses: WILSON CENTER
total $305,697 · program services $305,697
-
24b · Other expenses: BAD DEBT
total $252,103 · management and general $252,103
-
24c · Other expenses: CFCC DIRECT SUPPORT
total $77,103 · program services $77,103
-
24d · Other expenses: SPECIAL PURPOSE FUNDS
total $38,383 · program services $37,652 · fundraising $731
-
24e · All other expenses
total $69,225 · program services $8,839 · management and general $29,564 · fundraising $30,822
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,206,640 · end of year $3,534,345
-
3 · Pledges and grants receivable
beginning of year $563,266 · end of year $299,883
-
11 · Investments: publicly traded securities
beginning of year $12,785,526 · end of year $14,958,555
-
15 · Other assets
beginning of year $177,288 · end of year $489,755
-
17 · Accounts payable and accrued expenses
beginning of year $73,676 · end of year $110,780
-
27 · Net assets without donor restrictions
beginning of year $988,082 · end of year $806,891
-
28 · Net assets with donor restrictions
beginning of year $15,670,962 · end of year $18,364,867
Mission and programs · 2022
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 $701,540 · Grants $667,709
-
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 $458,607
-
DONATIONS OF NON-CASH ITEMS TO CAPE FEAR COMMUNITY COLLEGE TO HELP FURTHER THE PROGRAMS OF THE COLLEGE.
As filed on the 2022 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 CHAI
- Total calculated
- $0
- Hours/week
- 1
-
Jack FullerJACK FULLER
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Bill BaggettBILL BAGGETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hannah HoltHANNAH HOLT
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
-
Margaret Weller StargellMARGARET WELLER STARGELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mat WhiteMAT WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Landon ZimmerLANDON ZIMMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Howard SteinHOWARD STEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Rudi RichmandDR RUDI RICHMAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Louise McCollLOUISE MCCOLL
EMERITUS MEM
- Total calculated
- $0
- Hours/week
- 1
-
Shane FernandoSHANE FERNANDO
EX-OFFICIO D
- Total calculated
- $159,096
- From this org
- $0
- From related orgs
- $150,669
- Other
- $8,427
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- not reported + $150,669 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $8,427 related
- Filer's total
- not reported + $159,096 related
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
The filer's explanations (Part III)
- SCHEDULE J, PART III
- SHANE FERNANDO WAS ALSO COMPENSATED BY THALIAN HALL (AN UNRELATED ORGANIZATION) FOR SERVICES TO THAT ORGANIZATION DURING THE FISCAL YEAR.
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.
-
CAPE FEAR COMMUNITY COLLEGE
GOVERN · EDUCATION · NC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343549349300314
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