2024-05-10T10:37:49-05:00 2023-06-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-07-01 562077641 GREENSBORO COLLEGE FOUNDATION GREE 3362727102 815 WEST MARKET STREET GREENSBORO NC 27401 LAWRENCE CZARDA PRESIDENT 3362727102 2024-05-10 1 LAWRENCE CZARDA 999009999 1 AMY BIBBY P00445891 8282542254 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z FRANK H ISON 815 WEST MARKET STREET GREENSBORO NC 27401 32278 0 X N/A X 1997 NC GREENSBORO COLLEGE FOUNDATION WAS FORMED TO SUPPORT THE EXEMPT PURPOSES OF GREENSBORO COLLEGE. 5 3 0 0 0 0 0 0 0 0 26147 32278 0 0 26147 32278 82834 70362 0 0 0 0 0 0 0 8438 7865 91272 78227 -65125 -45949 1651066 1761130 218693 223087 1432373 1538043 TO SUPPORT THE EXEMPT PURPOSES OF GREENSBORO COLLEGE. 0 0 78227 70362 GREENSBORO COLLEGE FOUNDATION WAS FORMED TO SUPPORT THE EXEMPT PURPOSES OF GREENSBORO COLLEGE. A PORTION OF THE EXPENSES INCURRED ARE RELATED TO THE MANAGEMENT OF ASSETS MAINTAINED FOR THE SUPPORT OF GREENSBORO COLLEGE. 78227 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X TRACEY POE 3362727102 815 WEST MARKET STREET GREENSBORO NC 27401 MS BETH FONORROW PRESIDENT (JAN-JUNE 2021) 1.00 1.00 X X 0 0 0 LYNN LANE FIRST VICE PRESIDENT 1.00 1.00 X X 0 0 0 ANNE HURD SECRETARY, VP OF ADVANCEME 1.00 40.00 X X 0 128361 13989 THOMAS CLAWSON TREASURER 1.00 1.00 X X 0 0 0 CHRIS ELMORE FORMER SECOND VICE PRESIDENT, VP 1.00 40.00 X 0 132910 7065 0 261271 21054 0 1 0 0 0 32278 32278 32278 0 0 32278 70362 70362 ANNUITY PAYMENTS 7865 7865 78227 78227 0 0 1651066 1761130 1651066 1761130 218693 223087 218693 223087 X 1432373 1538043 1432373 1538043 1651066 1761130 X -45949 148152 3467 X X 0 1 X 1 0 X X 1 GREENSBORO COLLEGE 560532144 2 1 70362 7865 1 70362 7865 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1473040 183899 78227 1578712 1849389 -285077 91272 1473040 1433277 470317 54205 1849389 1403763 49808 20294 1433277 1358082 100723 55042 1403763 0.81646 0.18354 0 0 0 ANNUITIES PAYABLE 33720 DUE TO GC 189367 223087 X PART V, LINE 4: THE INCOME FROM THE ENDOWMENT INVESTMENTS IN PERPETUITY IS AVAILABLE FOR INSTRUCTION, SCHOLARSHIPS, AND OPERATIONS OF GREENSBORO COLLEGE. PART X, LINE 2: INCOME TAXES- THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE COLLEGE HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2023. 1 GREENSBORO COLLEGE 815 W MARKET STREET GREENSBORO NC 27401 560532144 501(C)(3) 70362 0 SCHOLARSHIP SUPPORT 1 0 PART I, LINE 2: THE FOUNDATION WAS ESTABLISHED TO SUPPORT GREENSBORO COLLEGE. THE FOUNDATION BOARD CONSISTS OF GREENSBORO COLLEGE TRUSTEES AND OFFICER REPRESENTATIVES. THROUGH THIS CONNECTION FUNDS ARE REQUESTED AND DISBURSED TO MEET THE NEEDS OF THE COLLEGE. 0 0 0 0 0 0 0 0 0 CHRIS ELMORE FORMER SECOND VICE PRESIDENT, VP 0 131010 0 0 0 1900 0 0 0 7065 0 139975 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE BOARD OF DIRECTORS OF THE GREENSBORO COLLEGE FOUNDATION ARE ELECTED BY THE BOARD OF TRUSTEES OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE VP OF FINANCE PERFORMED AN INITIAL REVIEW OF THE COMPLETED 990. THE 990 WAS THEN PROVIDED TO ALL BOARD MEMBERS ELECTRONICALLY PRIOR TO FILING. THE RETURN WAS DISCUSSED AT A SUBSEQUENT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO ANNUALLY FILL OUT A QUESTIONNAIRE DISCLOSING ANY POTENTIAL RELATIONSHIP CONFLICTS. IT IS THE RESPONSIBILITY OF THE BOARD MEMBER TO DISCLOSE ANY POTENTIAL ISSUES THAT MAY CAUSE CONFLICT WHEN VOTING AT BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION DOES NOT COMPENSATE ANY OF ITS OFFICERS, METHODS FOR DETERMINING COMPENSATION FOR OFFICERS AND TOP MANAGEMENT ARE PERFORMED ACCORDING TO THE COLLEGE'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION C, LINE 18 RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC BY REQUEST. THE FINANCIAL STATEMENTS ARE ALSO ON RESERVE IN THE COLLEGE LIBRARY. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT 3,467. FORM 990, PART XII, LINE 2C: THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. GREENSBORO COLLEGE 815 W MARKET STREET GREENSBORO NC 27401 560532144 COLLEGE NC 501(C)(3) 2 N/A 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0