Forsyth Technical Community College Foundation Inc

Organization Overview

Forsyth Technical Community College Foundation Inc is located in Winstonsalem, NC. The organization was established in 1984. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Forsyth Technical 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 06/2022, Forsyth Technical Community College Foundation Inc generated $3.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $1.8m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Forsyth Technical Community College Foundation Inc has awarded 18 individual grants totaling $14,504,269. 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSES OF THE FOUNDATION ARE TO FOSTER PUBLIC UNDERSTANDING OF, AND SUPPORT FOR, FORSYTH TECHNICAL COMMUNITY COLLEGE AND TO SOLICIT AND PROMOTE DONATIONS OF ANY KIND FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VARIOUS ENDOWMENTS AND SCHOLARSHIPS AWARDED TO STUDENTS AT FORSYTH TECHNICAL COMMUNITY COLLEGE TO HELP FINANCE THEIR HIGHER EDUCATION AND ENHANCE THE COMMUNITY THROUGH THIS EDUCATION.


CONTRIBUTIONS TO FORSYTH TECHNICAL COMMUNITY COLLEGE FOR THE SUPPORT OF THEIR ALMOST 200 (175 CURRICULUM) EDUCATIONAL PROGRAMS PROVIDED TO OVER 10,000 CREDIT STUDENTS AND 30,000 CORPORATE AND CONTINUING EDUCATION STUDENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Ginger Salt
Chair
$0
Charles Corpening
Chair-Elect/vice Chair
$0
Brent Collins
Co-Vice Chair
$0
Kizzy Lea
Treasurer
$0
Dr Janet Spriggs
Secretary
$0
William Green
Executive Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $30,000
All other contributions, gifts, grants, and similar amounts not included above$1,725,677
Noncash contributions included in lines 1a–1f $154,879
Total Revenue from Contributions, Gifts, Grants & Similar$1,755,677
Total Program Service Revenue$0
Investment income $646,662
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $580,934
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,983,273

Grants Awarded

Over the last fiscal year, Forsyth Technical Community College Foundation Inc has awarded $1,631,210 in support to 2 organizations.

Grant RecipientAmount

FORSYTH TECHNICAL COMMUNITY COLLEGE

PURPOSE: EDUCATION PROGRAMS

$984,210

FORSYTH TECHNICAL COMMUNITY COLLEGE

PURPOSE: SCHOLARSHIPS

$647,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Forsyth Technical Community College Foundation Inc has recieved totaling $525,623.

Awarding OrganizationAmount
Lettie Pate Whitehead Foundation Inc

Atlanta, GA

PURPOSE: For nursing/allied health scholarships.

$240,000
Forsyth Memorial Hospital Inc

Winston Salem, NC

PURPOSE: COMMUNITY OUTREACH

$100,000
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 43 GRANT(S) FOR VARYING PURPOSES

$82,098
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$30,000
Winston-Salem Foundation

Winstonsalem, NC

PURPOSE: 1 GRANT(S) FOR VARYING PURPOSES

$25,000
Twin City Development Foundation

Winstonsalem, NC

PURPOSE: EDUCATION

$25,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$9,644,626
Earnings-$1,156,141
Admin Expense$44,532
Net Contributions$109,500
Other Expense$86,927
Grants$129,365
Ending Balance$8,337,161

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