Gaston College Foundation Inc

Organization Overview

Gaston College Foundation Inc is located in Dallas, NC. The organization was established in 1970. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gaston College Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Gaston College Foundation Inc generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $957.4k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Gaston College Foundation Inc has awarded 26 individual grants totaling $4,759,198. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF GASTON COLLEGE FOUNDATION, INC. IS TO RAISE, INVEST, ADMINISTER AND DISBURSE FUNDS EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES FOR THE BENEFIT OF GASTON COLLEGE. ANY GIFTS RECEIVED BY THE FOUNDATION ARE USED FOR DIRECT NEEDS OF THE COLLEGE INCLUDING DESIGNATED PROGRAMS, SCHOLARSHIPS, OPERATING AND CAPITAL EXPENSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES GENERAL SUPPORT FOR EDUCATIONAL ENRICHMENT PROGRAMS AT GASTON COLLEGE INCLUDING SUPPORT FOR UNDERGRADUATE RESEARCH, HEALTH SCIENCE SIMULATION EQUIPMENT, FOOD BANK, ETC.


THE FOUNDATION PROVIDES FUNDING FOR SCHOLARSHIPS FOR GASTON COLLEGE STUDENTS AS WELL AS GRANTS FOR FACULTY.


THE FOUNDATION ACCEPTS GIFTS AND PROVIDES FUNDING FOR THE COLLEGE'S RADIO STATION WSGE 91.7 FM.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Mr Chad Melvin
Treasurer
$0
Mr Stephen Campbell
President
$0
Ms Judith Maloney
Vice President/investment
$0
Ms Shelly Alman
Assistant Treasurer
$0
Dr John Hauser
Secretary
$0
Mr Luke Upchurch
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$2,917,494
Noncash contributions included in lines 1a–1f $53,408
Total Revenue from Contributions, Gifts, Grants & Similar$2,917,494
Total Program Service Revenue$0
Investment income $271,532
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $352,888
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,541,914

Grants Awarded

Over the last fiscal year, Gaston College Foundation Inc has awarded $479,632 in support to 4 organizations.

Grant RecipientAmount

GASTON COLLEGE

PURPOSE: SCHOLARSHIPS

$250,539

GASTON COLLEGE

PURPOSE: SALARY SUPPORT

$143,565

GASTON COLLEGE

PURPOSE: GENERAL SUPPORT

$60,000

GASTON COLLEGE

PURPOSE: EQUIPMENT

$25,528
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 13 grants that Gaston College Foundation Inc has recieved totaling $1,494,024.

Awarding OrganizationAmount
The David Belk Cannon Foundation

Gastonia, NC

PURPOSE: FIBER INNOVATION CENTER

$666,667
The David Belk Cannon Foundation

Gastonia, NC

PURPOSE: FIBER INNOVATION CENTER

$333,333
The@w Duke Kimbrell Family Foundation

Gastonia, NC

PURPOSE: TAX EXEMPT EDUCATIONAL PURPOSE OF THE ORGANIZATION

$333,333
Gaston Community Foundation

Gastonia, NC

PURPOSE: GENERAL SUPPORT

$92,200
Gaston Community Foundation

Gastonia, NC

PURPOSE: GENERAL SUPPORT

$35,000
The Duke Energy Foundation

Charlotte, NC

PURPOSE: VIBRANT ECONOMIES

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$5,724,699
Earnings$2,725
Net Contributions$71,725
Ending Balance$5,799,149

Peer Organizations

Organization NameAssets
Union University
Jackson, TN
$103,290,604
Lenoir-Rhyne University
Hickory, NC
$101,403,823
Randolph-Macon College
Ashland, VA
$119,204,346
Bridgewater College
Bridgewater, VA
$86,618,271
Trevecca Nazarene University
Nashville, TN
$96,180,255
Hampden-Sydney College
Hampdensydney, VA
$118,845,969
Oglethorpe University Inc
Atlanta, GA
$78,800,641
Virginia Wesleyan University
Virginia Beach, VA
$67,002,662
Claflin University
Orangeburg, SC
$90,488,927
Emory & Henry College
Emory, VA
$70,928,101
Catawba College
Salisbury, NC
$275,797,439
Benedict College
Columbia, SC
$61,010,211

Create an account to unlock the data you need.

or