2025-10-07T05:40:46-05:00 2025-06-30 561607661 LOWDERMILK CHURCH & CO LLP 121 NORTH STERLING STREET MORGANTON NC 28655 990 2024-07-01 591743773 MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INC MCDO 8286520636 54 COLLEGE DRIVE MARION NC 28752 RYAN GARRISON TREASURER 8286520627 2025-09-25 1 0 PHILLIP E CHURCH P00092400 8284331226 2024 2025-03-06 01:10:19Z MADALYN GAITO 54 COLLEGE DRIVE MARION NC 28752 655164 0 X WWW.MCDOWELLTECH.EDU X 1977 NC TO PROMOTE, DEVELOP AND ENCOURAGE PUBLIC SUPPORT OF MCDOWELL TECHNICAL COMMUNITY COLLEGE. TO SEEK AND RAISE FUNDS AND GIFTS TO PROVIDE TO THE COLLEGE IN ORDER TO ADVANCE THE MISSION AND GOALS OF THE COLLEGE. 18 18 0 0 0 0 745458 614132 0 0 18543 41032 0 0 764001 655164 196427 445208 0 0 0 0 0 0 0 9468 11540 205895 456748 558106 198416 1379949 1638373 0 0 1379949 1638373 TO PROMOTE, DEVELOP AND ENCOURAGE PUBLIC SUPPORT OF MCDOWELL TECHNICAL COMMUNITY COLLEGE. TO SEEK AND RAISE FUNDS AND GIFTS TO PROVIDE TO THE COLLEGE IN ORDER TO ADVANCE THE MISSION AND GOALS OF THE COLLEGE. 0 0 445208 380436 SCHOLARSHIPS AND PAYMENTS STUDENTS AND PROGRAMS OF MCDOWELL TECHNICAL COMMUNITY COLLEGE 445208 1 1 0 0 0 1 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 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 X 18 18 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X CRYSTAL COLE 8286520636 54 COLLEGE DRIVE MARION NC 287528728 PAULA AVERY BOARD MEMBER 0.30 X 0 0 0 WALT BAGWELL CHAIRMAN 0.30 X X 0 0 0 MARION BAKER BOARD MEMBER 0.30 X 0 0 0 BOB BOYETTE BOARD MEMBER 0.30 X 0 0 0 MARSH DARK DIRECTOR 0.30 X X 0 0 0 JOHNNIE DAVIS BOARD MEMBER 0.30 X 0 0 0 JAN GOODSON BOARD MEMBER 0.30 X 0 0 0 LINDA HAMRICK BOARD MEMBER 0.30 X 0 0 0 WILLIAM HOLLIFIELD BOARD MEMBER 0.30 X 0 0 0 NANCY HUNTER DIRECTOR 0.30 X X 0 0 0 STEVE JONES BOARD MEMBER 0.30 X 0 0 0 RAY MCKESSON DIRECTOR 0.30 X X 0 0 0 STEVE MCMAHAN BOARD MEMBER 0.30 X 0 0 0 SHARON PARKER BOARD MEMBER 0.30 X 0 0 0 WES SHELLY VICE CHAIR 0.30 X X 0 0 0 SARAH WASHBURN BOARD MEMBER 0.30 X 0 0 0 RYAN GARRISON MTCC VP FOR ADMIN AND FINA 1.00 X 0 0 0 MADALYN GAITO MTCC DIRECTOR OF DEVELOPME 16.00 X 0 0 0 0 0 0 0 0 0 0 0 614132 614132 41032 41032 655164 41032 0 0 445208 445208 5800 5800 INVESTMENT FEES 5740 5740 456748 445208 11540 0 1199 15359 642793 658744 735957 964270 1379949 1638373 0 0 X 15145 10132 1364804 1628241 1379949 1638373 1379949 1638373 198416 60010 0 X 0 1 X 1 0 X 53075 170591 113970 745457 614132 1697225 53075 170591 113970 745457 614132 1697225 1697225 4054 3926 5895 15289 41032 70196 1767421 0.96030 0.97290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 1364804 608805 40808 380436 5740 1628241 771613 723073 42037 167601 4318 1364804 794234 113970 22661 151819 2066 5367 771613 700001 164197 -60482 5891 3591 794234 565231 29594 108832 3656 700001 1 0 0 CFWNC 964270 F 964270 X 753968 60010 38794 98804 655164 0 655164 495542 38794 38794 456748 0 456748 PART V, LINE 4: PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE EITHER TEMPORARILY OR PERMANENTLY RESTRICTED FUNDS EARMARKED BY THE DONOR FOR SPECIFIC PURPOSES. PERMANENTLY RESTRICTED NET ASSETS REPRESENT CONTRIBUTIONS BY DONORS WHO HAVE INDICATED THAT THE ASSETS ARE TO REMAIN IN PERPETUITY AS PERMANENT ENDOWMENTS OF THE FOUNDATION. PART X, LINE 2: FASB ASC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAX POSITIONS. BASED ON AN EVALUATION OF UNCERTAIN TAX POSITIONS, MANAGEMENT IS REQUIRED TO MEASURE POTENTIAL TAX LIABILITIES THAT COULD HAVE A RISK OF GREATER THAN A 50% LIKELIHOOD OF BEING REALIZED UPON SETTLEMENT. AS OF JUNE 30, 2025, MANAGEMENT HAS DETERMINED THAT THE FOUNDATION HAS NO SUCH RISK AND THEREFORE NO LIABILITIES HAVE BEEN RECORDED FOR UNCERTAIN TAX POSITIONS. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONTRIBUTED NON FINANCIAL ASSETS 38,794. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONTRIBUTED NON FINANCIAL RESOURCES 38,794. 1 PART I, LINE 2: ALL INDIVIDUALS RECEIVING FUNDS BEGIN THE PROCESS BY FILLING OUT AN APPLICATION. FOR SCHOLARSHIPS AND FELLOWSHIPS, AN APPLICATION IS SUBMITTED TO EITHER THE FINANCIAL AID OFFICE OR THE RESOURCE DEVELOPMENT OFFICE. THE FINANCIAL AID DIRECTOR, RESOURCE DEVELOPMENT OFFICER AND IN SOME CASES, THE PRESIDENT REVIEW THE APPLICTIONS AND MAKE AWARDS BASED ON CRITERIA ESTABLISHED BY THE DONOR OF EACH PARTICULAR SCHOLARSHIP OR FELLOWSHIP. FOR CHILDCARE ASSISTANCE, THE APPLICANT SUBMITS AN APPLICATION TO THE CHILD DEVELOPMENT CENTER. THE DIRECTOR OF THE CENTER REVIEWS THE APPLICATION AND THEN VERIFIES FINANCIAL NEED THROUGH THE FINANCIAL AID OFFICE. PRIORITY IS GIVEN TO SINGLE PARENTS WITH THE GREATEST NEED FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO OTHER COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BOARD. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 IS MAINTAINED AT THE FOUNDATION'S OFFICE FOR REVIEW BY THE BOARD PRIOR TO FILING FORM 990, PART VI, SECTION B, LINE 12C ANY POSSIBLE CONFLICT OF INTEREST SHALL BE DISCLOSED TO THE BOARD BY THE PERSON CONCERNED. IF DEEMED TO BE A CONFLICT OF INTEREST, THE SAID PERSON SHALL NOT PARTICIPATE IN THE MATTER. THE OFFICIAL MINUTES OF THE BOARD SHALL REFLECT THAT THE CONFLICT OF INTEREST WAS DISCLOSED AND THAT THE INTERESTED PERSON DID NOT PARTICIPATE IN THE MATTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. MCDOWELL TECHNICAL COMMUNITY COLLEGE 54 COLLEGE DRIVE MARION NC 28752 PUBLIC COMMUNITY COLLEGE NC GOVERNMENTAL AGENCY N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0