Nonprofit · EIN 23-7322352
SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC
Tax-exempt · SYLVA, NC 28779
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,098,590 | $398,831 | $699,759 | $10,185,942 | $0 | $10,185,942 |
| June 30, 2024 | 990 | $870,217 | $327,257 | $542,960 | $8,902,283 | $0 | $8,902,283 |
| June 30, 2023 | 990 | $574,587 | $295,660 | $278,927 | $7,639,625 | $0 | $7,639,625 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $597,563
- Program service revenue
- $0
- Investment income
- $498,061
- Net gain from sales of assets
- $282,406
- Net income from fundraising events
- $2,966
- Other revenue
- $2,966
Expenses
- Grants and similar amounts paid
- $287,297
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $11,340
- Program services (functional)
- $333,478
- Management and general (functional)
- $64,172
- Fundraising (functional)
- $1,181
Balance sheet and other
- Total assets, start of year
- $8,902,283
- Total assets, end of year
- $10,185,942
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,185,942
- Publicly traded securities
- $9,052,553
- Net assets without donor restrictions
- $405,989
- Net assets with donor restrictions
- $9,779,953
- Gross receipts
- $1,181,003
- Employees
- 0
- Volunteers
- 30
- Year formed
- 1973
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Evan Hatch | Executive Director Officer | 40 | $0 | $46,382 | $21,400 |
| Dr Don Tomas | President Trustee or director, Officer | 12 | $0 | $0 | $0 |
| Diane Sherrill | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Jenny Holland | Immediate Past Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Lisa Kim Fisher | CFO, Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Lexie Franklin | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Nikki Adams | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Kim Albritton | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Howard Allman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Erica Bullock | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Gail Debnam | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Lynn Dillard | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Luke Hyde | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Brad Hyder | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Lisa Leatherman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Wendy LeMay | Board Member Trustee or director | 1 | $0 |
| Terri McElroy | Board Member Trustee or director | 1 | $0 |
| Brooks Robinson | Board Member Trustee or director | 1 | $0 |
| Carr Tyndall | Board Member Trustee or director | 1 | $0 |
| Charles Wolfe | Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Brett L Woods | Foundation Director thru December 31, 2023 Officer | 40 | $0 | $86,806 | $14,856 |
| Evan Hatch | Foundation Director - April 22, 2024 thru June 30, 2024 Officer | 40 | $0 | $0 | $0 |
| Dr Don Tomas | College President Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Lisa Kim Fisher | CFO, Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Jenny Holland | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Diane Sherrill | Vice-Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Brad Hyder | Secretary Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Kim Albritton | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Howard Allman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Erica Bullock | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Gail Debnam | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Lynn Dillard | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Lexie Franklin | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Luke Hyde | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Lisa Leatherman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Wendy LeMay | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Beth Lofquist | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Terri McElroy | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Brooks Robinson | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Carr Tyndall | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Charles Wolfe | Board Member Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Brett L Woods | Foundation Director Officer | 12 | $0 | $78,428 | $26,856 |
| Dr Don Tomas | College President Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Lisa Kim Fisher | CFO, Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Jenny Holland | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Brad Hyder | Secretary Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Diane Sherrill | Chair Elect Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Kim Albritton | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Howard Allman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Erica Bullock | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Gail Debnam | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Lynn Dillard | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Lexie Franklin | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Luke Hyde | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Lisa Leatherman | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Wendy LeMay | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Beth Lofquist | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Terri McElroy | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Jim Moore | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Brooks Robinson | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Lucretia Stargell | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Carr Tyndall | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Charles Wolfe | Board Member Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 447 COLLEGE DR, SYLVA, NC 28779-8581
- Principal officer (990 for 2024)
- Tina Wilson, 447 College Drive, Sylva, NC 28779
- Signed the 990
- Tina Wilson, Treasurer
- Phone
- (828) 399-4366
- Website
- www.southwesterncc.edu
- Return prepared by
- CORLISS & SOLOMON PLLC
Mission
The Foundation, through its initiatives, partners with Southwestern Community College in its efforts to offer high-quality, innovative instruction and support, which promotes student achievement, academic excellence, and economic development.
Program accomplishments
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7322352
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1976
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B30I)
- Assets (IRS master file)
- $10,185,942
- Income (IRS master file)
- $1,181,003
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,098,590 | $398,831 | $10,185,942 | IRS |
| 990 | June 2024 | $870,217 | $327,257 | $8,902,283 | XML |
| 990 | June 2023 | $574,587 | $295,660 | $7,639,625 | XML |
| 990 | June 2022 | $1,109,080 | $273,133 | $6,658,151 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7322352).
Questions about SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC
- What is the EIN of SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC is 23-7322352.
- Is SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1976.
- Are donations to SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Tina Wilson.
- Who are the officers and directors of SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 20 people; 0 received compensation from the organization.
- How much revenue does SOUTHWESTERN COMMUNITY COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,098,590, expenses of $398,831 and total assets of $10,185,942 at year end.
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