2024-05-15T14:48:16-05:00 2023-06-30 561965804 THOMAS JUDY & TUCKER PA 300 WEST MORGAN STREET SUITE 1450 DURHAM NC 27701 990 2022-07-01 561535785 THE NORTH CAROLINA COMMUNITY COLLEGES FOUNDATION INC NORT 9198077100 200 WEST JONES STREET RALEIGH NC 27603 KATIE LOOVIS EXECUTIVE DIRECTOR 9198077100 2024-05-15 1 KATIE LOOVIS 999009999 0 KRISTEN HOYLE CPA P00118964 9195717055 2024-05-15 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z KATIE LOOVIS 200 WEST JONES STREET RALEIGH NC 27603 1599199 0 X WWW.NCCOMMUNITYCOLLEGES.EDU/FOUNDATION X 1986 NC THE FOUNDATION SUPPORTS THE MISSION OF THE NC COMMUNITY COLLEGE SYSTEM 25 25 0 25 0 0 1263243 931327 0 0 648403 667872 0 0 1911646 1599199 1389132 1691237 0 0 0 13738 0 0 36750 132891 345010 1522023 2049985 389623 -450786 10817039 11033994 9205 442049 10807834 10591945 THE NORTH CAROLINA COMMUNITY COLLEGES FOUNDATION, INC. IS A NONPARTISAN, NONPROFIT ORGANIZATION FOUNDED IN 1986 TO SUPPORT THE MISSION OF THE NC COMMUNITY COLLEGE SYSTEM. 0 0 1763445 1691237 THE FOUNDATION WAS ESTABLISHED TO SUPPORT, PROMOTE, AND ASSIST THE MISSION OF THE COMMUNITY COLLEGES SYSTEM. 1763445 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 X LANGDON & COMPANY PLLC 9196621001 200 WEST JONES ST RALEIGH NC 27603 SUSAN JACKSON CHAIR 2.00 X X 0 0 0 DONNY HICKS VICE CHAIR 2.00 X X 0 0 0 BARRY SINK TREASURER 2.00 X X 0 0 0 RANDALL JOHNSON MEMBER 1.00 X 0 0 0 MICHAEL ALMOND MEMBER 1.00 X 0 0 0 BRENDA BERG MEMBER 1.00 X 0 0 0 JIM BRYAN MEMBER 1.00 X 0 0 0 NIMASHEENA BURNS MEMBER 1.00 X 0 0 0 KOREY COON MEMBER 1.00 X 0 0 0 HERB CRENSHAW MEMBER 1.00 X 0 0 0 JAVIER GONZALEZ MEMBER 1.00 X 0 0 0 RICHARD HURLEY MEMBER 1.00 X 0 0 0 MICHELLE LOGAN MEMBER 1.00 X 0 0 0 CRYSTAL MORPHIS MEMBER 1.00 X 0 0 0 RAUL PERALTA MEMBER 1.00 X 0 0 0 E STUART POWELL JR MEMBER 1.00 X 0 0 0 GARY SALAMIDO MEMBER 1.00 X 0 0 0 WEYLING WHITE MEMBER 1.00 X 0 0 0 BURR SULLIVAN MEMBER-EX OFFICIO 1.00 X 0 0 0 TOM LOONEY MEMBER-EX OFFICIO 1.00 X 0 0 0 JEFF COX MEMBER-EX OFFICIO 1.00 X 0 0 0 BLAKE WILLIAMS MEMBER-EX OFFICIO 1.00 X 0 0 0 CAROL SPALDING MEMBER-EX OFFICIO 1.00 X 0 0 0 STEPHANIE LAKE MEMBER-EX OFFICIO 1.00 X 0 0 0 R CHRIS PLATE MEMBER-EX OFFICIO 1.00 X 0 0 0 GRANT GODWIN INTERIM EXECUTIVE DIRECTOR 40.00 X 47787 0 0 KATIE LOOVIS EXECUTIVE DIRECTOR 40.00 X 0 0 0 47787 0 0 0 0 0 0 0 931327 535 931327 395631 395631 272241 0 272241 272241 272241 1599199 0 0 667872 1631902 1631902 59335 59335 12845 12845 893 893 62887 62887 4558 4558 41078 41078 40392 40392 79376 47376 32000 4750 4750 14754 11092 3662 462 462 5495 3587 1908 25964 25964 3169 3169 MEALS & ENTERTAINMENT 56291 56291 TRAINING 2613 2613 DUES & SUBSCRIPTIONS 1910 1910 MISCELLANEOUS 1311 776 535 2049985 1763445 249790 36750 20579 654 2037337 38524 2190 7491 2185 5306 5306 8571954 10798404 181863 188916 10817039 11033994 9205 22725 278324 141000 9205 442049 X 7118155 7246853 3689679 3345092 10807834 10591945 10817039 11033994 -450786 234897 0 X X 0 1 X 1 0 X X 1 NORTH CAROLINA COMMUNITY COLLEGE SYSTEM 561288079 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X 1 1 PART IV, SECTION D, LINE 3: BECAUSE THE FOUNDATION'S SOLE PURPOSE IS TO SUPPORT AND PROMOTE THE MISSION OF THE NORTH CAROLINA COMMUNITY COLLEGE SYSTEM, THE COMMUNITY COLLEGE SYSTEM HAS SIGNIFICANT INFLUENCE IN THE SELECTION AND DISTRIBUTION OF SCHOLARSHIPS AND AWARDS, AND IMPLEMENTATION OF PUBLIC-PRIVATE PARTNERSHIP PROGRAMS. PART IV, SECTION E, LINE 2A: THE FOUNDATION FURTHERED THE EXEMPT PURPOSE OF THE NORTH CAROLINA COMMUNITY COLLEGE SYSTEM BY PROVIDING AN ALTERNATIVE VEHICLE FOR CONTRIBUTIONS OF FUNDS TO SUPPORT PROGRAMS, LENDING SUPPORT IN FUND RAISING EFFORTS, ENCOURAGING RESEARCH TO SUPPORT-LONG RANGE PLANNING, AND PROMOTING EXCELLENCE IN ADMINISTRATION AND INSTRUCTION THROUGHOUT THE COMMUNITY COLLEGE SYSTEM. PART IV, SECTION E, LINE 2B: IF THE FOUNDATION WAS NOT INVOLVED IN SUPPORTING THE NORTH CAROLINA COMMUNITY COLLEGE SYSTEM, THE SYSTEM WOULD NEED TO PROVIDE FOR ITSELF ADDITIONAL RESOURCES FOR PROGRAMS, AVENUES FOR FUNDRAISING, RESEARCH FOR LONG-RANGE PLANNING, AND COMMUNICATION AND PROMOTION IN COMMUNITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 93177 2828 96005 115464 -22287 93177 91145 24319 115464 99648 -8503 91145 101435 -1787 99648 0 0 7491 2185 5306 5306 X 1793704 234897 234897 1558807 40392 40392 1599199 2009593 0 2009593 40392 40392 2049985 PART V, LINE 4: TO PROVIDE SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE SERVICE (IRS) CODE SECTION 501(C)(3). DURING THE YEARS ENDED JUNE 30, 2023 AND 2022, THE FOUNDATION REPORTED NO UNRELATED BUSINESS TAXABLE INCOME WHICH IS DEFINED BY THE IRS AS GROSS INCOME DERIVED FROM ANY UNRELATED TRADE OR BUSINESS THAT IS NOT SUBSTANTIALLY RELATED TO THE ORGANIZATIONS TAX-EXEMPT PURPOSE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE FOUNDATION ADOPTED THE PROVISIONS OF FASB ASC 740-10-25. UNDER ASC 740-10-25, 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, NO LIABILITY FOR UNRECOGNIZED TAX BENEFITS WILL BE RECORDED. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN ITS FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX YEARS IN PROGRESS. 1 NC COMMUNITY COLLEGE SYSTEM 200 W JONES STREET RALEIGH NC 27603 561288079 162357 0 SCHOLARSHIPS AND GRANT DEVELOPMENT ISOTHERMAL COMMUNITY COLLEGE PO BOX 804 SPINDALE NC 28160 581518223 501(C)(3) 111000 0 SCHOLARSHIPS AND GRANT DEVELOPMENT HALIFAX COMMUNITY COLLEGE FOUNDATION INC PO DRAWER 809 WELDON NC 27890 591908217 501(C)(3) 103500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT VANCE-GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND PO BOX 917 HENDERSON NC 27536 561338488 501(C)(3) 103500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT SOUTHWESTERN COMMUNITY COLLEGE 447 COLLEGE DR SYLVA NC 28779 237322352 501(C)(3) 103500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT MCDOWELL TECHNICAL COMMUNITY COLLEGE 54 COLLEGE DR MARION NC 28752 560991668 501(C)(3) 103500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT NASH COMMUNITY COLLEGE PO BOX 7488 ROCKY MOUNT NC 27804 560895794 501(C)(3) 103500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT RAND CORPORATION 1776 MAIN STREET SANTA MONICA CA 90401 951958142 93710 0 SCHOLARSHIPS AND GRANT DEVELOPMENT WILSON COMMUNITY COLLEGE 902 HERRING AVENUE E WILSON NC 27893 581436911 501(C)(3) 16000 0 SCHOLARSHIPS AND GRANT DEVELOPMENT RICHMOND COMMUNITY COLLEGE FOUNDATION INC PO BOX 1189 HAMLET NC 28345 561364070 501(C)(3) 8500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT BEAUFORT COUNTY COMMUNITY COLLEGE 5337 US HIGHWAY 264 EAST WASHINGTON NC 27889 581698724 501(C)(3) 8500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT COLLEGE OF THE ALBEMARLE PO BOX 2327 ELIZABETH CITY NC 27906 581399254 501(C)(3) 8500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT STANLY COMMUNITY COLLEGE 141 COLLEGE DRIVE ALBEMARLE NC 28001 581360598 501(C)(3) 8500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT ROWAN-CABARRUS COMMUNITY COLLEGE PO BOX 1595 SALISBURY NC 28145 560792333 501(C)(3) 8000 0 SCHOLARSHIPS AND GRANT DEVELOPMENT GUILFORD TECHNICAL COMMUNITY COLLEGE PO BOX 309 JAMESTOWN NC 27282 560792519 501(C)(3) 8000 0 SCHOLARSHIPS AND GRANT DEVELOPMENT CENTRAL PIEDMONT COMMUNITY COLLEGE PO BOX 35009 CHARLOTTE NC 28235 560797174 501(C)(3) 8000 0 SCHOLARSHIPS AND GRANT DEVELOPMENT ALAMANCE COMMUNITY COLLEGE PO BOX 8000 GRAHAM NC 27253 566052379 501(C)(3) 8000 0 SCHOLARSHIPS AND GRANT DEVELOPMENT CAPE FEAR COMMUNITY COLLEGE 411 N FRONT ST WILMINGTON NC 28401 560792881 501(C)(3) 8000 0 SCHOLARSHIPS AND GRANT DEVELOPMENT ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE 340 VICTORIA RD ASHEVILLE NC 28801 560792170 501(C)(3) 8000 0 SCHOLARSHIPS AND GRANT DEVELOPMENT CARTERET COMMUNITY COLLEGE 3505 ARENDELL ST MOREHEAD CITY NC 28557 560894932 501(C)(3) 8000 0 SCHOLARSHIPS AND GRANT DEVELOPMENT DAVIDSON COMMUNITY COLLEGE PO BOX 1287 LEXINGTON NC 27293 237079347 501(C)(3) 8000 0 SCHOLARSHIPS AND GRANT DEVELOPMENT FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE PO BOX 35236 FAYETTEVILLE NC 28303 581640133 501(C)(3) 7500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT SANDHILLS COMMUNITY COLLEGE 3395 AIRPORT RD PINEHURST NC 28374 560797051 501(C)(3) 7500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT ROBESON COMMUNITY COLLEGE PO BOX 1420 LUMBERTON NC 28359 560894344 501(C)(3) 5500 0 SCHOLARSHIPS AND GRANT DEVELOPMENT AWARDS TO INDIVIDUALS 30 59335 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO THE BOARD BY EMAIL BASED ON THE FINANCIAL STATEMENTS WHICH WERE APPROVED AT THE PREVIOUS BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THESE PROCESSES HAVE NOT CHANGED FROM THE PRIOR YEAR. NORTH CAROLINA COMMUNITY COLLEGE SYSTEM 200 WEST JONES STREET RALEIGH NC 27603 561288079 SUPPORT AND PROMOTE NC COMMUNITY COLLEGE SYSTEM. NC 501(C)(3) 170(B)(1)(A)(V) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0