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Nonprofiteer
← COASTAL CAROLINA COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by COASTAL CAROLINA COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$462,550
Total expenses
$187,362
Contributions and grants received
$260,116
Grants paid
$115,579
Program service revenue
$31,812
Investment income
$170,622
Other revenue
$0
Total assets, end of year
$8,453,545
Total liabilities, end of year
$4,763
Net assets or fund balances, end of year
$8,448,782
Program services expenses (Part IX)
$115,579
Management and general expenses
$41,213
Fundraising expenses
$30,570
Program service expenses (Part III)
$115,579

Program services were 61.7% 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

    $260,116

  • 2a · Program service revenue: SPECIAL FUNDRAISING EVENT

    total $31,812 · related or exempt $31,812

  • 3 · Investment income

    total $170,622 · related or exempt $170,622

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $115,579 · program services $115,579

  • 11c · Fees: accounting

    total $12,000 · management and general $12,000

  • 11f · Fees: investment management

    total $28,164 · management and general $28,164

  • 11g · Fees: other

    total $28,372 · fundraising $28,372

  • 24a · Other expenses: MERCHANT FEES AND OTHER

    total $3,247 · management and general $1,049 · fundraising $2,198

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $418,806 · end of year $42,589

  • 3 · Pledges and grants receivable

    end of year $18,000

  • 4 · Accounts receivable

    beginning of year $478 · end of year $214

  • 11 · Investments: publicly traded securities

    beginning of year $7,104,613 · end of year $8,357,742

  • 15 · Other assets

    beginning of year $10,000 · end of year $35,000

  • 17 · Accounts payable and accrued expenses

    end of year $4,763

  • 27 · Net assets without donor restrictions

    beginning of year $2,374,736 · end of year $2,683,441

  • 28 · Net assets with donor restrictions

    beginning of year $5,159,161 · end of year $5,765,341

Mission and programs · 2022

Mission

THE COLLEGE FOUNDATION IS ORGANIZED AND EXISTS TO HELP SUPPORT THE PURPOSE AND OBJECTIVES OF COASTAL CAROLINA COMMUNITY COLLEGE AND TO PROVIDE FINANCIAL AND OTHER SUPPORT BEYOND THAT WHICH CAN BE OBTAINED THROUGH NORMAL SOURCES. FUNDS PROVIDED BY THE FOUNDATION MAY BE USED TO SUPPORT OR PROMOTE ACTIVITIES INCLUDING, BUT NOT LIMITED TO STUDENT SCHOLARSHIPS, CAPITAL OUTLAY, PROCUREMENT OF SPECIAL EQUIPMENT, DEVELOPMENT OF SPECIAL FACILITIES, SUPPORT OF COLLEGE LIBRARY AND PROFESSIONAL DEVELOPMENT FOR STAFF AND FACULTY.

  • TUITION AND OTHER FINANCIAL ASSISTANCE TO DESERVING STUDENTS AT COASTAL CAROLINA COMMUNITY COLLEGE.

    Expenses $115,579 · Grants $115,579

  • DONATIONS TO THE COLLEGE.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David L Heatherly

    SECRETARY

    Total calculated
    $243,195
    From this org
    $0
    From related orgs
    $243,195
    Other
    $0
    Hours/week
    0.4 + 39.6 related

    Schedule J breakdown matched by us

    Base
    not reported + $243,195 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $243,195 related

  • Emily Ellis

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    20 + 20 related

  • Michelle Stiles

    TREASURER

    Total calculated
    $883
    From this org
    $0
    From related orgs
    $883
    Other
    $0
    Hours/week
    0.4 + 39.6 related

  • Greg Cooper

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.25

  • Dr Thomas W Bell Jr

    PAST CHAIRMA

    Total calculated
    $0
    Hours/week
    0.25

  • Steven W Wangerin

    INVESTMENT C

    Total calculated
    $0
    Hours/week
    0.25

  • Craig Chamberlin

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Tiffany Choice

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Jeff D Clark

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Dewey Edwards

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Dr Peter Eweje

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Ty Hart

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Brandon Mills

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Chris Moncourtois

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Woody H Myers

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • John L Pierce

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Randy Ramsey

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Mat C Raymond III

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • L Ward Sylvester III

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Elizabeth Henderson Elks

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Anthony James

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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

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.

Provenance

Return type
form_990
Tax year
2022
Filed
19 January 2024
IRS schema version
2022v5.0
Source object
202430759349302403

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