2024-02-07T17:29:26-05:00 2023-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-07-01 566085391 GUILFORD TECHNICAL COMMUNITY COLLEGE FOUNDATION INC GUIL 3363344822 PO BOX 309 JAMESTOWN NC 27282 ANGELA CARTER TREASURER 3363344822 2024-02-07 true ANGELA CARTER 999009999 true MEGAN A RIDGLEY CPA P01317611 7044993893 2024-02-07 2022 2023-04-26 12:10:37Z ANGELA CARTER PO BOX 309 JAMESTOWN NC 27282 1428315 false X FOUNDATION GTCC EDU X 1966 NC TO RAISE FUNDS TO SUPPLEMENT THE FINANCIAL RESOURSES AVAILABLE TO STUDENTS, FACULTY, STAFF, AND PROGRAMS OF GUILFORD TECHNICAL COMMUNITY COLLEGE. 22 21 0 -352 650834 914663 0 762830 507466 623937 -18152 2037601 1403977 264717 474057 0 0 0 33120 1367517 457394 1632234 931451 405367 472526 16568193 17735199 292498 66311 16275695 17668888 X THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO WORTHY STUDENTS SEEKING THEIR EDUCATION, AND TO FACULTY AND STAFF IN AREAS NOT COVERED BY STATE FUNDS. THE FOUNDATION SOLICITS AND ADMINISTERS CHARITABLE GIFTS IN ACCORDANCE WITH THE COLLEGE'S MISSION AND GOALS. false false 339782 VARIOUS FINANCIAL ASSISTANCE WITH PROGRAMS AND SERVICES AT GUILFORD TECHNICAL COMMUNITY COLLEGE. 474057 474057 SCHOLARSHIPS AND FINANCIAL AID GIVEN TO STUDENTS OF GUILFORD TECHNICAL COMMUNITY COLLEGE. 813839 true true false false false false false false false true true false true false false true true false false false false false false false true false false false true true false false false false false false false false true false false false true true false false false true X 11 0 false 0 false false false false false true true false false false false true false false false X 22 21 false false false false false false false true true false false false true true true true true false false false NC SC GA X ANGELA CARTER 3363344822 PO BOX 309 JAMESTOWN NC 27282 DR ANTHONY CLARKE SECRETARY 1.00 X X 0 240138 37174 NANCY SOLLOSI FORMER TREAS 1.00 X X 0 169443 22431 ANGELA CARTER TREASURER 1.00 X X 0 134343 51964 ROBERT ALLISON DIRECTOR 1.00 X 0 0 0 RHONDA ANDERSON DIRECTOR 1.00 X 0 0 0 DR DONALD CAMERON DIRECTOR 1.00 X 0 0 0 DOUG COPELAND DIRECTOR 1.00 X 0 0 0 MARC CUTCHER DIRECTOR 1.00 X 0 0 0 JEFF DOWDEN DIRECTOR 1.00 X 0 0 0 MARSHALL EDWARDS DIRECTOR 1.00 X 0 0 0 MICHAEL GODWIN DIRECTOR 1.00 X 0 0 0 CHARLES GREENE DIRECTOR 1.00 X 0 0 0 CHRISTOHER HARRILL DIRECTOR 1.00 X 0 0 0 DR JIM HOESKTRA DIRECTOR 1.00 X 0 0 0 GEORGE JORDAN CHAIR 1.00 X X 0 0 0 SARA MILLARD VICE-CHAIR 1.00 X X 0 0 0 KOURTNEY PAYNE DIRECTOR 1.00 X 0 0 0 RICH RAMSEY DIRECTOR 1.00 X 0 0 0 SCOTT SAYLOR DIRECTOR 1.00 X 0 0 0 ADRIAN SMITH DIRECTOR 1.00 X 0 0 0 CHRIS TREVEY DIRECTOR 1.00 X 0 0 0 LESLYE TUCK DIRECTOR 1.00 X 0 0 0 DON WEBB DIRECTOR 1.00 X 0 0 0 JAMES WHITE DIRECTOR 1.00 X 0 0 0 543924 111569 false true false 30900 883763 48891 914663 357200 357200 666 666 150266 150266 150266 150266 950 30900 24338 -23388 MISCELLANEOUS 900099 4922 4922 GRUBB SE RESIDENTIAL INVESTME 531110 -352 -352 4570 1403977 4922 -352 508132 474057 474057 745 745 13305 13305 35060 35060 82880 54717 28163 23670 23251 419 36580 716 21513 14351 98480 78347 1783 18350 11284 10680 604 COLLEGE SUPPORT 138301 138301 CONTRIBUTED MATERIALS EXP 33770 33770 LICENSES AND FEES 50 50 REAL ESTATE EXPENSES -16731 -16731 931451 813839 84492 33120 384539 75002 253154 221704 59209 13374 7664 75 285 1604153 1564540 1604153 13892736 15398873 413940 414144 16568193 17735199 282030 65011 10468 1300 292498 66311 X 8569894 9206691 7705801 8462197 16275695 17668888 16568193 17735199 X 472526 841557 79110 X X false true X true false X 590236 826434 982702 652101 914663 3966136 590236 826434 982702 652101 914663 3966136 63938 3902198 237943 310131 213834 217015 357866 1336789 613604 613604 -12346 333486 913903 1235043 7151572 12634 0.54560 0.54190 X PART II, LINE 10 1,235,043 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5198711 309467 475172 131853 7133 5844364 6023661 54578 -740595 134550 4382 5198711 5047795 58920 1047023 124919 5158 6023661 4896911 131222 190000 168892 1446 5047795 4792722 57887 211488 136298 28888 4896911 false false 1604153 1604153 1604153 MUTUAL FUNDS 12352729 F ALTERNATIVE MUTUAL FUNDS 1444979 F EXCHANGE-TRADED FUNDS 1032960 F CASH AND CASH EQUIVALENTS 568205 F 15398873 X 2542664 841557 246325 50805 1138687 1403977 1403977 1149471 246325 -28305 218020 931451 931451 SCHEDULE D, PAGE 3, PART X THE FOUNDATION ADOPTED THE PROVISIONS OF FASB ASC 740-10-25 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THIS PROVISION, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION HAD NO IMPACT ON THE FOUNDATIONS FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX YEARS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2019. AS OF JUNE 30, 2023 AND 2022, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUNDRAISING EVENTS REVENUE REPORTED NET 24,338 INVESTMENT INCOME ADJ TO MATCH K-1 40,072 CHANGE IN BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUS -13,605 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT EVENT EXPENSES 24,338 PRIOR YEAR TAX ADJ -52,643 GOLF TOURNAMENT 31850 30900 950 17134 7204 31850 30900 950 17134 7204 24338 -23388 true SCHOLARSHIPS 666 474057 ACTUAL SCHEDULE I, PAGE 1, PART I, LINE 2 THE GRANT MANAGER REVIEWS GRANT REQUIREMENTS AND APPROVES APPROPRIATE EXPENSES BASED ON THIS REVIEW. FOR ANY REQUESTS FOR USE OF GRANT FUNDS, A CHECK REQUEST IS PREPARED AND APPROVED BY AUTHORIZED SIGNERS. CHECK REQUEST COPIES ARE RETAINED FOR RECORDKEEPING. false false false false false false false false false DR ANTHONY CLARKE SECRETARY 240138 37174 277312 NANCY SOLLOSI FORMER TREASURER 169443 22431 191874 ANGELA CARTER TREASURER 134343 51964 186307 X 1 6125 FMV X 2 20434 X MATERIAL/EQUIPM 5 16072 FMV X OFFICE EQUIPMEN 3 6260 FMV false true false FORM 990 - ORGANIZATION'S MISSION THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO WORTHY STUDENTS SEEKING THEIR EDUCATION, AND TO FACULTY AND STAFF IN AREAS NOT COVERED BY STATE FUNDS. THE FOUNDATION SOLICITS AND ADMINISTERS CHARITABLE GIFTS IN ACCORDANCE WITH THE COLLEGE'S MISSION AND GOALS. FORM 990, PAGE 5, PART V, LINE 3B UNRELATED BUSINESS INCOME IS ONLY -352 FROM AN INVESTMENT IN GRUBB WHICH IS BELOW THE 1,000 THRESHHOLD SO 990-T IS NOT NEEDED. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER. ALL BOARD MEMBERS ARE ADVISED THAT THE FORM 990 IS AVAILABLE FOR THEIR REVIEW UPON REQUEST. FORM 990, PAGE 6, PART VI, LINE 12C OFFICERS, DIRECTORS, AND EMPLOYEES REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. ALL RESPONSES ARE REVIEWED AND SIGNED BY THE CFO/TREASURER FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9 FUNDRAISING EVENTS REVENUE REPORTED NET 24,338 INVESTMENT INCOME ADJ TO MATCH K-1 40,072 CHANGE IN BENEFICIAL INTEREST IN CHARITABLE REMAINDER TRUS -13,605 DIRECT EVENT EXPENSES -24,338 PRIOR YEAR TAX ADJ 52,643 TOTAL 79,110 FORM 990, PAGE 12, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GTCC FOUNDATION PROPERTIES LLC 601 E MAIN STREET JAMESTOWN NC 27282 REAL ESTAT NC 1604153 GUILFORD T GUILFORD TECHNICAL COMMUNITY COLLEGE 601E MAIN STREET JAMESTOWN NC 27282 560792519 COLLEGE NC 115 6 NA false false true false false false false false false false false false false false true true true true false false GUILFORD TECHNICAL COMMUNITY COLLEG O 246325 ACTUAL GUILFORD TECHNICAL COMMUNITY COLLEG B 48891 COMPARATIVE SALES