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Nonprofit · EIN 59-1743773

MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED

Tax-exempt · MARION, NC 28752

Financials

$764K$206K2023$655K$457K2024
Revenue Expenses · by fiscal year end
Financials of MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$655,164$456,748$198,416$1,638,373$0$1,638,373
June 30, 2024990$764,001$205,895$558,106$1,379,949$0$1,379,949
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$614,132
Program service revenue
$0
Investment income
$41,032
Other revenue
$0

Expenses

Grants and similar amounts paid
$445,208
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$5,800
Program services (functional)
$445,208
Management and general (functional)
$11,540

Balance sheet and other

Total assets, start of year
$1,379,949
Total assets, end of year
$1,638,373
Total liabilities, end of year
$0
Net assets, end of year
$1,638,373
Net assets without donor restrictions
$10,132
Net assets with donor restrictions
$1,628,241
Gross receipts
$655,164
Employees
0
Volunteers
0
Year formed
1977
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.

NameTitleHours / weekCompensation
PAULA AVERYBOARD MEMBER
Trustee or director
0.3$0
WALT BAGWELLCHAIRMAN
Trustee or director, Officer
0.3$0
MARION BAKERBOARD MEMBER
Trustee or director
0.3$0
BOB BOYETTEBOARD MEMBER
Trustee or director
0.3$0
MARSH DARKDIRECTOR
Trustee or director, Officer
0.3$0
JOHNNIE DAVISBOARD MEMBER
Trustee or director
0.3$0
JAN GOODSONBOARD MEMBER
Trustee or director
0.3$0
LINDA HAMRICKBOARD MEMBER
Trustee or director
0.3$0
WILLIAM HOLLIFIELDBOARD MEMBER
Trustee or director
0.3$0
NANCY HUNTERDIRECTOR
Trustee or director, Officer
0.3$0
STEVE JONESBOARD MEMBER
Trustee or director
0.3$0
RAY MCKESSONDIRECTOR
Trustee or director, Officer
0.3$0
STEVE MCMAHANBOARD MEMBER
Trustee or director
0.3$0
SHARON PARKERBOARD MEMBER
Trustee or director
0.3$0
WES SHELLYVICE CHAIR
Trustee or director, Officer
0.3$0
3 more people on this return
NameTitleHours / weekCompensation
SARAH WASHBURNBOARD MEMBER
Trustee or director
0.3$0
RYAN GARRISONMTCC VP FOR ADMIN AND FINA
Trustee or director
1$0
MADALYN GAITOMTCC DIRECTOR OF DEVELOPME
Trustee or director
16$0
990 for the year ended June 30, 2024: 18 people
NameTitleHours / weekCompensation
RYAN GARRISONMTCC VP FOR ADMIN AND FINA
Trustee or director
1$140,500
MADALYN GAITOMTCC DIRECTOR OF DEVELOPME
Trustee or director
16$57,356
PAULA AVERYBOARD MEMBER
Trustee or director
0.3$0
WALT BAGWELLCHAIRMAN
Trustee or director, Officer
0.3$0
MARION BAKERBOARD MEMBER
Trustee or director
0.3$0
BOB BOYETTEBOARD MEMBER
Trustee or director
0.3$0
MARSH DARKDIRECTOR
Trustee or director, Officer
0.3$0
JOHNNIE DAVISBOARD MEMBER
Trustee or director
0.3$0
JAN GOODSONBOARD MEMBER
Trustee or director
0.3$0
LINDA HAMRICKBOARD MEMBER
Trustee or director
0.3$0
WILLIAM HOLLIFIELDBOARD MEMBER
Trustee or director
0.3$0
NANCY HUNTERDIRECTOR
Trustee or director, Officer
0.3$0
STEVE JONESBOARD MEMBER
Trustee or director
0.3$0
RAY MCKESSONDIRECTOR
Trustee or director, Officer
0.3$0
STEVE MCMAHANBOARD MEMBER
Trustee or director
0.3$0
SHARON PARKERBOARD MEMBER
Trustee or director
0.3$0
WES SHELLYVICE CHAIR
Trustee or director, Officer
0.3$0
SARAH WASHBURNBOARD MEMBER
Trustee or director
0.3$0

Address and contacts

Address (IRS master file)
54 COLLEGE DR, MARION, NC 28752-8728
Principal officer (990 for 2024)
MADALYN GAITO, 54 COLLEGE DRIVE, MARION, NC 28752
Signed the 990
RYAN GARRISON, TREASURER
Phone
(828) 652-0636
Return prepared by
LOWDERMILK CHURCH & CO LLP

Mission

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.

990 for the year ended June 30, 2025

Program accomplishments

  • SCHOLARSHIPS AND PAYMENTS STUDENTS AND PROGRAMS OF MCDOWELL TECHNICAL COMMUNITY COLLEGE
    Expenses $445,208 · grants $380,436

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
59-1743773
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
1977
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,729,724
Income (IRS master file)
$366,505

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$655,164$456,748$1,638,373XML
990June 2024$764,001$205,895$1,379,949XML
990June 2023$126,356$159,252$783,097IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––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 59-1743773).

Questions about MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED

What is the EIN of MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED?
The employer identification number (EIN) of MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED is 59-1743773.
Is MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1977.
Are donations to MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED 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 MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED 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 MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED 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 MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED?
The 990 for the year ended June 30, 2025 names MADALYN GAITO.
Who are the officers and directors of MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED?
The 990 for the year ended June 30, 2025 lists 18 people; 0 received compensation from the organization.
How much revenue does MCDOWELL TECHNICAL COMMUNITY COLLEGE FOUNDATION INCORPORATED have?
On its 990 for the year ended June 30, 2025 it reported revenue of $655,164, expenses of $456,748 and total assets of $1,638,373 at year end.

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