Civic Intelligence

Wake Technical Community College Foundation Inc.

990 • Fiscal year 2020 • EIN 23-7017752

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileHTTP//FOUNDATION.WAKETECH.EDU
9101 Fayetteville RdRaleigh, NC 27603-5655

(919) 866-5924

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

5th percentile

0.00x

Higher debt load relative to revenue than 5% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Net Margin

94th percentile

53%

Higher net margin than 94% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

77th percentile

$256,586

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2020 filings • NTEE B • $10M-$25M nonprofits • Source year 2020

Asset Growth

62nd percentile

12%

Faster asset growth than 62% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

95th percentile

87%

Faster revenue growth than 95% of similar nonprofits.

2020 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$20,082,405

Up $2,084,000 (+12%) from 2019

Net Assets

Up

$20,082,251

Up $2,090,073 (+12%) from 2019

Liabilities

Down

$154

Down $6,073 (-98%) from 2019

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin94th percentile

Revenue

Up

$4,575,609

Up $2,126,752 (+87%) from 2019

Expenses

Up

$2,144,183

Up $306,649 (+17%) from 2019

Net Income

Up

$2,431,426

Up $1,820,103 (+298%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2013: $9,368,716Liabilities 2013: $2,964Net Assets 2013: $9,365,7522013Assets 2014: $11,876,319Liabilities 2014: $0Net Assets 2014: $11,876,3192014Assets 2015: $12,593,699Liabilities 2015: $0Net Assets 2015: $12,593,6992015Assets 2016: $12,764,504Liabilities 2016: $67Net Assets 2016: $12,764,4372016Assets 2017: $14,074,294Liabilities 2017: $0Net Assets 2017: $14,074,2942017Assets 2018: $16,504,280Liabilities 2018: $8,503Net Assets 2018: $16,495,7772018Assets 2019: $17,998,405Liabilities 2019: $6,227Net Assets 2019: $17,992,1782019Assets 2020: $20,082,405Liabilities 2020: $154Net Assets 2020: $20,082,2512020Assets 2021: $25,733,334Liabilities 2021: $0Net Assets 2021: $25,733,3342021Assets 2022: $24,851,874Liabilities 2022: $65,420Net Assets 2022: $24,786,4542022

Highlighted filing

2020

Assets$20,082,405
Liabilities$154
Net Assets$20,082,251
Open 2020 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2013: $1,938,9802013Revenue 2014: $3,852,927Expenses 2014: $1,810,099Net Income 2014: $2,042,8282014Revenue 2015: $2,928,008Expenses 2015: $1,857,690Net Income 2015: $1,070,3182015Revenue 2016: $2,009,455Expenses 2016: $1,724,104Net Income 2016: $285,3512016Revenue 2017: $2,903,514Expenses 2017: $1,853,568Net Income 2017: $1,049,9462017Revenue 2018: $3,950,579Expenses 2018: $1,556,472Net Income 2018: $2,394,1072018Revenue 2019: $2,448,857Expenses 2019: $1,837,534Net Income 2019: $611,3232019Revenue 2020: $4,575,609Expenses 2020: $2,144,183Net Income 2020: $2,431,4262020Revenue 2021: $5,200,249Expenses 2021: $1,810,528Net Income 2021: $3,389,7212021Revenue 2022: $5,743,743Expenses 2022: $2,826,779Net Income 2022: $2,916,9642022

Highlighted filing

2020

Revenue$4,575,609
Expenses$2,144,183
Net Income$2,431,426
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$6,016,928
Mission and Program Overview

Mission

The wake tech foundation partners with private entities and individuals to raise awareness, financial resources, and other assets in support of wake technical community college's mission, goals, and funding priorities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$11,100,938-
Cash and Non-Interest-Bearing Accounts$2,039,646$2,422,033▲ $382,387
Pledges and Grants Receivable$1,076,952$2,162,001▲ $1,085,049
Investments Other Securities$12,059,015$1,511,356▼ $10,547,659
Other Notes and Loans Receivable, Net$0$120,000▲ $120,000
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$17,998,405$20,082,405▲ $2,084,000
Other Assets Total$2,822,792$2,766,077▼ $56,715
Liabilities
Accounts Payable and Accrued Expenses$6,227$154▼ $6,073
Total Liabilities$6,227$154▼ $6,073
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,064,570$14,440,202▲ $2,375,632
Net Assets Without Donor Restrictions$5,927,608$5,642,049▼ $285,559
Total Net Assets Fund Balance$17,992,178$20,082,251▲ $2,090,073
Total Liabilities and Net Assets / Fund Balance$17,998,405$20,082,405▲ $2,084,000

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$128,319$128,319
Other Assets Org$-83,322--
Other Securities$766,387--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$8,240,595$1,699,904▲ $28,092$78,086$9,890,505
2018$7,465,868$441,751▲ $332,976-$8,240,595
2017$5,086,970$2,427,116▲ $92,874$141,092$7,465,868
2016$4,302,618$843,092▲ $376,065$434,805$5,086,970
2015$3,991,885$753,899▼ $18,248$424,918$4,302,618
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleOtherTotal
John SaparilasDirector$129,498$129,498

Board Members and Trustees

NameTitle
Alisa Wright ColopyDirector
Andy PenryDirector
Arne MorrisDirector
Buzz CrosbyDirector
Cheryl ParquetDirector
Creighton BlackwellDirector
Doris HuebnerDirector
Douglas BallDirector
Greg WinklerDirector
Johnny RankinDirector
Kent ThompsonDirector
Kim RaynorDirector
Mary-ann BaldwinDirector
Mike ConlonDirector
Natalie BestDirector
Nathan BeckerDirector
Nick NeptuneDirector
PAT O'KEEFEDirector
Pam WilliamsDirector
Pat WilkinsDirector
Scott RallsDirector
Sharma VemuriDirector
Tim BurgessDirector
Tommy LaaksoDirector
Walt TippettDirector
Whitney WestbrookDirector
Matthew SmithExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$4,134,123
Program Service Revenue
$21,353
Investment Income
$420,690
Other Revenue
$-557
All Other Contributions
$3,267,974
Change in Net Assets
$2,431,426

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table16$266,549Fair Market Value (FMV)
Other Non Cash Contri Table37$67,377Fair Market Value (FMV)
Other Non Cash Contri Table16$40,492Fair Market Value (FMV)
Food Inventory2$188Fm
Total Noncash Contributions71$374,606-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,532,364
Revenue Not Reported on Financial Statements
$43,245
Revenue Not Reported on Form 990
$2,448,260
Other Revenue Adjustments
$-3,034
Total Revenue per Audited Statements
$6,980,624
Total Revenue per Form 990
$4,575,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,287,988
Grants and Similar Amounts Paid$793,231
Salaries, Compensation, and Employee Benefits$62,964
Total Fundraising Expense$55,611
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$793,231--$793,231
Other Expenses$71,852$92,000$2,459$92,000
All Other Expenses$47,740$12,316$5,505$65,561
Other Salaries and Wages$55,393$7,421$150$62,964
Fees for Service Investment Mgmnt Fees-$46,279-$46,279
Office Expenses$11,630$28,382-$40,012
Fees for Services Other$9,348$12,807-$22,155
Travel$9,212$4,879$2,700$16,791
Fees for Services Accounting-$12,000-$12,000
Total Functional Expenses$1,666,864$421,708$55,611$2,144,183

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,890,551
Expenses Not Reported on Form 990$2,792,647
Total Expenses per Form 990$2,144,183
Expenses per Audited Statements$2,097,904
Expenses Not Reported on Financial Statements$46,279
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,034
Fundraising Gross Income$2,477
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the board of directors before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Each director has the affirmative responsibility to report to the board president or to the executive director any and all knowledge of any action or conduct that appears to be contrary to foundation's conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The organization adheres to the compensation policy of its related organization, wake technical community college, as the college handles all payroll, benefits, and retirement contributions for the organization.”

Form 990, Part VI, Section C, Line 19

“The written conflict of interest policy and the organization's governing documents are availavle to the public upon request. The financial statements are available on the organization's website.”

Filing and Contact Details

Filer

Filer Name
Wake Technical Community College
EIN
23-7017752
Phone
9198665924
Address
9101 FAYETTEVILLE RD, RALEIGH, NC 27603-5655

Signing Officer

Name
Matthew Smith
Title
Executive Director
Phone
9198665924
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matthew Smith
Formed
1968
Legal Domicile
Nc
Voting Board Members
27
Independent Board Members
25
Employees
0
Volunteers
25

Preparer

Firm
Rsm US Llp
Address
5444 WADE PARK BLVD STE 350, RALEIGH, NC 27607
Preparer
Tim Burgess
Phone
9197811055
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The intended use of organization endowment funds is for scholarships, curriculum, building and grounds, and the fostering bright futures fellowship.”

PART X, LINE 2:

“The foundation is exempt from income taxes as a nonprofit organization under internal revenue service ("irs") code section 501(c)(3). During the year ended june 30, 2020, the foundation reported no unrelated taxable income which is defined by the irs as gross income derived from any unrelated trade or business that is not substantially related to the organization's tax-exempt purpose. Accordingly, no provision for income taxes has been recorded. The foundation has adopted the provisions of fasb asc 740-10-25 as it relates to accounting for uncertainty in income taxes. Under this provision, an organization must recognize the tax benefit associated with tax taken for tax return purposes when it is more likely than not the position will be sustained. The foundation does not believe there are any material uncertain tax positions and, accordingly, no liability for unrecognized tax benefits will be recorded. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax years in progress for the year ended june 30, 2020. There were no interest or penalties recorded or included in the consolidated financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Intercompany transactions netted in consolidated -15,079.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising event expenses -3,034.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Intercompany transactions netted in consolidation -15,079. Fundraising events expenses 3,034.”

Raw XML AppendixShowing 400 of 758 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm22WHITNEY WESTBROOK
IRS990/Form990PartVIISectionAGrp/PersonNm23PAT WILKINS
IRS990/Form990PartVIISectionAGrp/PersonNm24GREG WINKLER
IRS990/Form990PartVIISectionAGrp/PersonNm25ALISA WRIGHT COLOPY
IRS990/Form990PartVIISectionAGrp/PersonNm26NATALIE BEST
IRS990/Form990PartVIISectionAGrp/PersonNm27PAM WILLIAMS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/FundraisingDirectExpensesAmt03034
IRS990/FundraisingGrossIncomeAmt02477
IRS990/GainOrLossGrp/SecuritiesAmt0-69507
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt027
IRS990/GrantAmt037307
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0793231
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0793231
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01368778
IRS990/GrossReceiptsAmt06016928
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt025
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt0490197
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0490197
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt012059015
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt01511356
IRS990/InvestmentsPubTradedSecGrp/EOYAmt011100938
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0128319
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt0128319
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01438285
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE WAKE TECH FOUNDATION PARTNERS WITH PRIVATE ENTITIES AND INDIVIDUALS TO RAISE AWARENESS, FINANCIAL RESOURCES, AND OTHER ASSETS IN SUPPORT OF WAKE TECHNICAL COMMUNITY COLLEGE'S MISSION, GOALS, AND FUNDING PRIORITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt017992178
IRS990/NetAssetsOrFundBalancesEOYAmt020082251
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-69507
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-69507
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-557
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-557
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-341353
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05927608
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt05642049
IRS990/NoncashContributionsAmt0374605
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt028382
IRS990/OfficeExpensesGrp/ProgramServicesAmt011630
IRS990/OfficeExpensesGrp/TotalAmt040012
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt02766077
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0GENERAL PROGRAM SUPPRT
IRS990/OtherExpensesGrp/Desc1GIFTS IN KIND
IRS990/OtherExpensesGrp/Desc2EVENTS, TRAINING, & REC
IRS990/OtherExpensesGrp/Desc3BAD DEBT EXPENSE
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IRS990/OtherExpensesGrp/FundraisingAmt12459
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013723
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt153743
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2138158
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt392000
IRS990/OtherExpensesGrp/ProgramServicesAmt0392391
IRS990/OtherExpensesGrp/ProgramServicesAmt1276067
IRS990/OtherExpensesGrp/ProgramServicesAmt271852
IRS990/OtherExpensesGrp/TotalAmt0406114
IRS990/OtherExpensesGrp/TotalAmt1374607
IRS990/OtherExpensesGrp/TotalAmt2212469
IRS990/OtherExpensesGrp/TotalAmt392000
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0150
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07421
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt055393
IRS990/OtherSalariesAndWagesGrp/TotalAmt062964
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MATTHEW SMITH
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/Desc0SALES
IRS990/ProgramServiceRevenueGrp/Desc1OTHER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1260
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt021093
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1260
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS ARE MONETARY AWARDS TO STUDENTS AND MAY BE EARMARKED TO ASSIST DIPLOMA, CERTIFICATE, OR ASSOCIATE DEGREE STUDENTS IN ANY CURRICULUM PROGRAM OR CONTINUING EDUCATION, AND MAY BE BASED ON FINANCIAL NEED OR ACADEMIC MERIT ACCORDING TO DONOR PREFERENCE. BOTH THE CURRICULUM AND CONTINUING EDUCATION SCHOLARSHIPS ARE AWARDED THROUGH AN ONLINE SCHOLARSHIP ANONYMOUS APPLICATION PROCESS. STUDENT SCHOLARSHIPS RANGE FROM 100 - 3,000/ A YEAR AND FUNDING IS PROVIDED BY CORPORATIONS, INDIVIDUALS, GRANTS AND FOUNDATIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0755924
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0755924
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0FOSTERING BRIGHT FUTURES (FBF) PROGRAM IS A PUBLIC-PRIVATE PARTNERSHIP THAT ADDRESSES THE OVERWHELMING NEED FOR A COMPREHENSIVE SUPPORT STRUCTURE TO ASSIST FOSTER YOUTHS IN MAKING THE TRANSITION FROM THE WAKE COUNTY FOSTER CARE SYSTEM TO INDEPENDENT YOUNG ADULTHOOD. THE OBJECTIVE OF THE FBF PROGRAM IS TO ELIMINATE THE BARRIERS THAT WOULD TYPICALLY DERAIL THOSE GRADUATES FROM MEETING EDUCATIONAL AND LIFE GOALS BY PROVIDING FINANCIAL, ACADEMIC, AND SOCIAL SUPPORT. FUNDING IS PROVIDED BY CORPORATIONS, INDIVIDUALS, CIVIC CLUBS, GRANTS AND FOUNDATIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0104711
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02585799
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-177924

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,082,405
Liabilities
$154
Net assets
$20,082,251
Revenue
$4,575,609
Expenses
$2,144,183
Net income
$2,431,426
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.9$0.07$24.8$5.74$2.83$2.92
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.7$0.00$25.7$5.20$1.81$3.39
2020Detailed filing. Detailed filing data is available for this year.$20.1$0.00$20.1$4.58$2.14$2.43
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.0$0.01$18.0$2.45$1.84$0.61
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.5$0.01$16.5$3.95$1.56$2.39
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$0.00$14.1$2.90$1.85$1.05
2016Detailed filing. Detailed filing data is available for this year.$12.8$0.00$12.8$2.01$1.72$0.29
2015Detailed filing. Detailed filing data is available for this year.$12.6$0.00$12.6$2.93$1.86$1.07
2014Detailed filing. Detailed filing data is available for this year.$11.9$0.00$11.9$3.85$1.81$2.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.37$0.00$9.37$1.94