Coastal Carolina Community College Foundation Inc
- Assets
- $8.5m
- Revenue
- $678.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Jacksonville, NC
- Founding
- 06/1971
- Data as of
- 06/2021
- EIN
- 23-7116472
Organization Overview
Coastal Carolina Community College Foundation Inc is located in Jacksonville, NC. The organization was established in 1971. According to its NTEE Classification (B41) the organization is classified as: Two-Year 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. Coastal Carolina Community 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, Coastal Carolina Community College Foundation Inc generated $678.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $140.9k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE COLLEGE FOUNDATION IS ORGANIZED AND EXISTS TO HELP SUPPORT THE PURPOSE AND OBJECTIVES OF COASTAL CAROLINA COMMUNITY COLLEGE AND TO PROVIDE FINANCIAL AND OTHER SUPPORT BEYOND THAT WHICH CAN BE OBTAINED THROUGH NORMAL SOURCES. FUNDS PROVIDED BY THE FOUNDATION MAY BE USED TO SUPPORT OR PROMOTE ACTIVITIES INCLUDING, BUT NOT LIMITED TO STUDENT SCHOLARSHIPS, CAPITAL OUTLAY, PROCUREMENT OF SPECIAL EQUIPMENT, DEVELOPMENT OF SPECIAL FACILITIES, SUPPORT OF COLLEGE LIBRARY AND PROFESSIONAL DEVELOPMENT FOR STAFF AND FACULTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION AND OTHER FINANCIAL ASSISTANCE TO DESERVING STUDENTS AT COASTAL CAROLINA COMMUNITY COLLEGE.
DONATIONS TO THE COLLEGE.
TUITION AND OTHER FINANCIAL ASSISTANCE TO DESERVING STUDENTS AT COASTAL CAROLINA COMMUNITY COLLEGE.
DONATIONS TO THE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Ellis Executive Di | OfficerTrustee | 20 | $0 |
Steven W Wangerin Investment C | OfficerTrustee | 0.25 | $0 |
Michelle Stiles Treasurer | OfficerTrustee | 0.4 | $0 |
David L Heatherly Secretary | OfficerTrustee | 0.4 | $0 |
Dr Thomas W Bell Jr Past Chairma | Trustee | 0.25 | $0 |
Dr Peter Eweje Member | Trustee | 0.25 | $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 | $333,711 |
| Noncash contributions included in lines 1a–1f | $207,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,711 |
| Total Program Service Revenue | $0 |
| Investment income | $347,963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$3,521 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $678,153 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $95,544 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,134 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $140,922 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $308,846 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $367 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,146,225 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,840 |
| Total assets | $8,537,278 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $3,679,193 |
| Net assets with donor restrictions | $4,858,085 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,537,278 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Coastal Carolina Community College Foundation Inc has recieved totaling $46,864.
| Awarding Organization | Amount |
|---|---|
Robert P Holding Foundation Inc Smithfield, NC PURPOSE: GENERAL SUPPORT | $30,000 |
I Car Education Foundation Hoffman Estates, IL PURPOSE: TO SUPPORT SECONDARY AND POST SECONDARY COLLISION REPAIR TRAINING PROGRAMS. | $16,764 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $4,329,837 |
| Earnings | $227,507 |
| Net Contributions | $290,734 |
| Grants | $96,669 |
| Ending Balance | $4,751,409 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Greenville University Tigerville, SC | $119,067,807 | $70,918,977 |
Young Harris College Young Harris, GA | $174,387,873 | $47,760,154 |
William Peace University Raleigh, NC | $89,474,772 | $34,889,332 |
Truett Mcconnell University Inc Cleveland, GA | $54,652,969 | $32,427,096 |
Southern Virginia University Buena Vista, VA | $37,155,964 | $26,776,085 |
Spartanburg Methodist College Spartanburg, SC | $52,317,686 | $26,371,934 |
Martin Methodist College Pulaski, TN | $36,451,504 | $26,683,667 |
Louisburg College Louisburg, NC | $47,886,546 | $23,005,525 |
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Clinton College Rock Hill, SC | $6,214,571 | $5,235,874 |