SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC

As filed

Subsection

03

NTEE code

B30I

Classification

1200

Street

447 COLLEGE DR

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• Hurricane Helene Relief Effort: Western North Carolina is still rebuilding from the devastation of Hurricane Helene in September 2024. Several SCC students lost family members, possessions, and even their homes during the storm. Despite communication and power outages throughout the region, SCC joined with local communities to raise and distribute over $50,000 to students in need. Many of these students have said that, without these funds, they would not have been able to continue their education.

  Expenses $333,478 · Grants $287,297

• General Scholarship Support: Southwestern Community College Foundation was established in 1973. It exists solely to support the mission of SCC and is governed by a Board of Directors. The Foundation receives unrestricted gifts through the Southwestern Community College Annual Fund to support students and the mission of the College. In addition, the Foundation solicits contributions from individuals, foundations and companies to establish endowed Named Scholarships, as well as provide Annual Scholarships. For the academic year 2025/2026, 264 student scholarships were awarded at a value of over $418,000, a 58% increase from the previous year. This is the third year in a row that we have broken previous records. Financial gifts to the Foundation allow SCC to maintain a level of excellence beyond that provided by state and local financial support. These gifts help fund many of the essentials

• of education and allow SCC to keep pace with the ever-expanding needs of our community. It also enables us to support our faculty and staff in several ways, resulting in teaching and student support excellence. Gala: Since 2014, the annual SCC Boots, Blue Jeans & Bling Gala has raised more than $900,000 for student scholarships. The Gala has become the preeminent fundraising event in our service region. We are thrilled to report that this event has sold out for the past two years. This special evening is held in the Event Center presented by generous benefactor, Harrahs Cherokee Casino Resorts. In 2024, over $164,000 was raised for student scholarships, a 3% increase from the previous year. We are returning to the Event Center for our next Gala, which is scheduled for September 27.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $1,098,590

  Expenses

  $398,831

  Contributions

  $597,563

  Grants paid

  $287,297

• 2023

  Revenue

  $870,217

  Expenses

  $327,257

  Contributions

  $524,027

  Grants paid

  $256,368

• 2022

  Revenue

  $574,587

  Expenses

  $295,660

  Contributions

  $519,297

  Grants paid

  $225,154

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $1,109,080

  Expenses

  $273,133

  Assets (EOY)

  $6,658,151

• 2020 · 990

  Revenue

  $2,015,919

  Expenses

  $318,530

  Assets (EOY)

  $7,672,280

• 2019 · 990

  Revenue

  $415,809

  Expenses

  $291,645

  Assets (EOY)

  $5,974,972

• 2018 · 990

  Revenue

  $359,012

  Expenses

  $285,345

  Assets (EOY)

  $5,844,384

• 2017 · 990

  Revenue

  $395,668

  Expenses

  $194,998

  Assets (EOY)

  $5,560,546

• 2016 · 990

  Revenue

  $430,300

  Expenses

  $255,388

  Assets (EOY)

  $5,149,763

• 2015 · 990

  Revenue

  $392,240

  Expenses

  $284,580

  Assets (EOY)

  $4,543,687

• 2014 · 990

  Revenue

  $486,112

  Expenses

  $216,043

  Assets (EOY)

  $4,463,777

• 2013 · 990

  Revenue

  $230,775

  Expenses

  $113,468

  Assets (EOY)

  $4,184,133

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $200,467

  Assets (EOY)

  $3,536,279

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• NORTH CAROLINA COMMUNITY COLLEGE FOUNDATION

  $116,714

  2023 · SCHOLARSHIPS AND GRANT DEVELOPMENT

• NORTH CAROLINA COMMUNITY COLLEGE FOUNDATION

  $103,500

  2022 · SCHOLARSHIPS AND GRANT DEVELOPMENT

• FOUNDATION FOR THE CAROLINAS

  $20,000

  2024 · CHARITABLE GIFT

• MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

  $20,000

  2022 · UNRESTRICTED GENERAL SUPPORT

• THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC

  $15,450

  2024 · IMPROVING EDUCATIONAL OPPORTUNITIES

• MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

  $10,000

  2024 · UNRESTRICTED GENERAL SUPPORT

• MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

  $10,000

  2023 · UNRESTRICTED GENERAL SUPPORT

• FOUNDATION FOR THE CAROLINAS

  $10,000

  2022 · CHARITABLE GIFT

• THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC

  $9,605

  2023 · IMPROVING EDUCATIONAL OPPORTUNITIES

• THE COMMUNITY FOUNDATION OF WESTERN NORTH CAROLINA INC

  $5,515

  2022 · IMPROVING EDUCATIONAL OPPORTUNITIES

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Other IRS files