Civic Intelligence

Gaston College Foundation Inc.

990 • Fiscal year 2018 • EIN 23-7079454

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 11, 2019

Organization ProfileWWW.GASTONCOLLEGEFOUNDATION.ORG
201 Highway 321 SouthDallas, NC 28034

(704) 922-6511

Siviq Scores

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

Liabilities / Assets

25th percentile

0.07x

Higher debt load relative to assets than 25% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

79th percentile

0.84x

Higher debt load relative to revenue than 79% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Net Margin

80th percentile

18%

Higher net margin than 80% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$300,201

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 37.8% of source-year revenue.

2018 filings • NTEE B • $5M-$10M nonprofits • Source year 2018

Asset Growth

59th percentile

7.1%

Faster asset growth than 59% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

6th percentile

-31%

Faster revenue growth than 6% of similar nonprofits.

2018 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$9,812,406

Up $647,255 (+7.1%) from 2017

Net Assets

Up

$9,144,196

Up $346,343 (+3.9%) from 2017

Liabilities

Up

$668,210

Up $300,912 (+82%) from 2017

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin80th percentile

Revenue

Down

$793,469

Down $357,000 (-31%) from 2017

Expenses

Down

$652,131

Down $283,797 (-30%) from 2017

Net Income

Down

$141,338

Down $73,203 (-34%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth59th percentile

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

$15M$10M$5.0M$0Assets 2014: $8,774,056Liabilities 2014: $306,947Net Assets 2014: $8,467,1092014Assets 2015: $8,592,270Liabilities 2015: $313,900Net Assets 2015: $8,278,3702015Assets 2016: $8,536,508Liabilities 2016: $562,679Net Assets 2016: $7,973,8292016Assets 2017: $9,165,151Liabilities 2017: $367,298Net Assets 2017: $8,797,8532017Assets 2018: $9,812,406Liabilities 2018: $668,210Net Assets 2018: $9,144,1962018Assets 2019: $10,754,831Liabilities 2019: $695,349Net Assets 2019: $10,059,4822019Assets 2020: $10,370,582Liabilities 2020: $485,670Net Assets 2020: $9,884,9122020Assets 2021: $14,131,671Liabilities 2021: $0Net Assets 2021: $14,131,6712021Assets 2022: $12,075,685Liabilities 2022: $14,193Net Assets 2022: $12,061,4922022Assets 2023: $12,301,595Liabilities 2023: $6,292Net Assets 2023: $12,295,3032023Assets 2024: $13,034,157Liabilities 2024: $27,185Net Assets 2024: $13,006,9722024

Highlighted filing

2018

Assets$9,812,406
Liabilities$668,210
Net Assets$9,144,196
Open 2018 Filing

Operations Trend

Revenue Growth6th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2014: $836,968Expenses 2014: $1,178,428Net Income 2014: -$341,4602014Revenue 2015: $977,124Expenses 2015: $963,250Net Income 2015: $13,8742015Revenue 2016: $1,039,330Expenses 2016: $1,037,977Net Income 2016: $1,3532016Revenue 2017: $1,150,469Expenses 2017: $935,928Net Income 2017: $214,5412017Revenue 2018: $793,469Expenses 2018: $652,131Net Income 2018: $141,3382018Revenue 2019: $1,538,672Expenses 2019: $741,519Net Income 2019: $797,1532019Revenue 2020: $1,138,764Expenses 2020: $1,401,919Net Income 2020: -$263,1552020Revenue 2021: $3,541,914Expenses 2021: $957,415Net Income 2021: $2,584,4992021Revenue 2022: $1,301,240Expenses 2022: $1,694,731Net Income 2022: -$393,4912022Revenue 2023: $1,646,185Expenses 2023: $1,554,676Net Income 2023: $91,5092023Revenue 2024: $3,389,600Expenses 2024: $3,290,865Net Income 2024: $98,7352024

Highlighted filing

2018

Revenue$793,469
Expenses$652,131
Net Income$141,338
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 11, 2019
Return Version
2017v2.3
Gross Receipts
$3,023,846
Mission and Program Overview

Mission

The mission of the 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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,061,641$8,570,125▲ $508,484
Savings and Temporary Cash Investments$712,316$930,220▲ $217,904
Pledges and Grants Receivable$284,044$203,438▼ $80,606
Land, Buildings, and Equipment, Net$60,000$60,000→ $0
Prepaid Expenses and Deferred Charges$9,996$11,396▲ $1,400
Total Assets$9,165,151$9,812,406▲ $647,255
Other Assets Total$37,154$37,227▲ $73
Liabilities
Deferred Revenue$360,365$660,566▲ $300,201
Accounts Payable and Accrued Expenses$6,933$7,644▲ $711
Total Liabilities$367,298$668,210▲ $300,912
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,472,069$3,490,048▲ $17,979
Unrestricted Net Assets$3,369,935$3,367,256▼ $2,679
Temporarily Rstr Net Assets$1,955,849$2,286,892▲ $331,043
Total Net Assets Fund Balance$8,797,853$9,144,196▲ $346,343
Total Liabilities and Net Assets / Fund Balance$9,165,151$9,812,406▲ $647,255

Asset Categories

AssetBook ValueDepreciationBasis
Land$60,000-$60,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$5,318,631$17,905▲ $74-$5,336,610
2016$5,297,278$21,300▲ $53-$5,318,631
2015$5,263,257$33,925▲ $96-$5,297,278
2014$5,158,213$104,980▲ $64-$5,263,257
2013$5,151,071$7,142--$5,158,213
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Ms Cynthia MccroryAsst Treasurer-$110,141$110,141
Mrs Julia AllenExecutive Director/CDOPT$79,947$79,947

Board Members and Trustees

NameTitle
Dr Jimmy Jim R WatsonPast President
Mr Fred JacksonPresident
Ms Elizabeth SumnerVice President
Dr Edward Sadler JrDirector
Dr Kevin DibellaDirector
MS M'SHEL BOWENDirector
Mr Chad MelvinDirector
Mr F Brenard DaltonDirector
Mr Joe CarpenterDirector
Mr Regis EgerDirector
Mr Tom EfirdDirector
Mr William CarstartphenDirector
Ms Judith MaloneyDirector
Ms Rhonda McleanDirector
Dr Patricia SkinnerSecretary
Mr Steven CampbellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$449,292
Program Service Revenue
$0
Investment Income
$344,177
Other Revenue
$0
All Other Contributions
$449,292
Change in Net Assets
$141,338

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table31$12,409Donor
Other Non Cash Contri Table4$12,005Donor
Cars and Other Vehicles3$8,400Donor
Clothing and Household Goods-$558Donor
Food Inventory1$60Donor
Total Noncash Contributions39$33,432-

Audited Revenue Reconciliation

Revenue per Audited Statements
$749,541
Revenue Not Reported on Financial Statements
$43,928
Revenue Not Reported on Form 990
$205,005
Total Revenue per Audited Statements
$954,546
Total Revenue per Form 990
$793,469
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$343,150
Other Expenses$308,981
Total Fundraising Expense$82,773
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$343,150--$343,150
All Other Expenses$18,738-$45,413$64,151
Fees for Services Other$18,330$34,390-$52,720
Office Expenses$37,955$7,142-$45,097
Fees for Service Investment Mgmnt Fees-$43,928-$43,928
Advertising$2,157$18,863-$21,020
Other Expenses$4,326$15,793$37,360$20,119
Fees for Services Accounting-$11,375-$11,375
Travel$4,439$4,472-$8,911
Insurance$4,300--$4,300
Total Functional Expenses$433,395$135,963$82,773$652,131

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$652,131
Expenses per Audited Statements$608,203
Total Expenses per Audited Statements$608,203
Expenses Not Reported on Financial Statements$43,928
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gaston CollegeDallas, NC170(c)(1)Scholarships to Students$199,070
Gaston CollegeDallas, NC170(c)(1)Wsge Radio Station Salaries$87,872
Gaston CollegeDallas, NC170(c)(1)Step Up Fund$40,000
Gaston CollegeDallas, NC170(c)(1)Construction to Benefit College-
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
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 A, Line 7A

“The gaston college board of trustees shall elect the directors of the foundation. The board of directors of the foundation may from time to time make recommendations to the gaston college board of trustees for such directors.”

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

“The 990 is distributed to the foundation board for review immediately following its completion, at a meeting when possible or via email, if needed.”

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

“At the beginning of each board meeting, the conflict of interest statement is read aloud and each member must attest that there is no business item on the agenda with which they have a conflict. If a board member indicates there is a conflict, the member is asked to recuse themself from any discussion or vote on the item.”

Form 990, Part VI, Section B, Line 15

“The foundation does not have employees. All employees who work for the foundation are employees of gaston college. Compensation and benefits are determine in accordance the the college's compensation practices”

Form 990, Part VI, Section C, Line 19

“The foundation makes its governing documents, conflict of interest policy, financial statements, and 990 available to the public upon request and via the foundation website.”

Filing and Contact Details

Filer

Filer Name
Gaston College Foundation Inc
EIN
23-7079454
Phone
7049226511
Address
201 HIGHWAY 321 SOUTH, DALLAS, NC 28034

Signing Officer

Name
Julia Allen
Title
Executive Director/ CDO
Phone
7049226511
Signed
2019-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julia Allen
Formed
1968
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
75

Preparer

Firm
Cherry Bekaert Llp
Address
1111 METROPOLITAN AVE STE 900, CHARLOTTE, NC 28204
Preparer
Amanda Adams
Phone
7043771678
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The endowed funds are designated specifically for scholarship distribution.”

PART X, LINE 2:

“The foundation is exempt from federal income tax under the provisions of section 501(c)(3) of the internal revenue code ("irc"). In accordance with irc regulations, the foundation is taxed on unrelated business income, which consists of earnings from activities not related to the exempt purpose of the foundation. The foundation accounts for tax uncertainties based on a more likely than not recognition threshold whereby tax benefits are only recognized when the foundation believes that they have a greater than 50% likelihood of being sustained upon examination by taxing authorities. The foundation has evaluated all of its tax positions and determined that it had no uncertain income tax positions as of june 30, 2018. Management believes that the foundation continues to satisfy the requirements of a tax exempt organization and is not subject to tax. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements.”

Raw XML AppendixShowing 400 of 640 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt06933
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt07644
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt018863
IRS990/AdvertisingGrp/ProgramServicesAmt02157
IRS990/AdvertisingGrp/TotalAmt021020
IRS990/AllOtherContributionsAmt0449292
IRS990/AllOtherExpensesGrp/FundraisingAmt045413
IRS990/AllOtherExpensesGrp/ProgramServicesAmt018738
IRS990/AllOtherExpensesGrp/TotalAmt064151
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0BRUCE COLE
IRS990/BooksInCareOfDetail/PhoneNum07049226309
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0201 HIGHWAY 321 SOUTH
IRS990/BooksInCareOfDetail/USAddress/CityNm0DALLAS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028034
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0449292
IRS990/CYGrantsAndSimilarPaidAmt0343150
IRS990/CYInvestmentIncomeAmt0344177
IRS990/CYOtherExpensesAmt0308981
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0141338
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0652131
IRS990/CYTotalFundraisingExpenseAmt082773
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0793469
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DeferredRevenueGrp/BOYAmt0360365
IRS990/DeferredRevenueGrp/EOYAmt0660566
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FOUNDATION PROVIDES FUNDING FOR SCHOLARSHIPS FOR GASTON COLLEGE STUDENTS AS WELL AS GRANTS FOR FACULTY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0199070
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011375
IRS990/FeesForServicesAccountingGrp/TotalAmt011375
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt034390
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt018330
IRS990/FeesForServicesOtherGrp/TotalAmt052720
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt043928
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt043928
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt120.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt130.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1530.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1740.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt120.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt130.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1510.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt160.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt170.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd6X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt155988
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt163000
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1754288
IRS990/Form990PartVIISectionAGrp/PersonNm0MR FRED JACKSON
IRS990/Form990PartVIISectionAGrp/PersonNm1DR JIMMY JIM R WATSON
IRS990/Form990PartVIISectionAGrp/PersonNm2MS ELIZABETH SUMNER
IRS990/Form990PartVIISectionAGrp/PersonNm3MR STEVEN CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm4MS M'SHEL BOWEN
IRS990/Form990PartVIISectionAGrp/PersonNm5MR JOE CARPENTER
IRS990/Form990PartVIISectionAGrp/PersonNm6MR WILLIAM CARSTARTPHEN
IRS990/Form990PartVIISectionAGrp/PersonNm7MR F BRENARD DALTON
IRS990/Form990PartVIISectionAGrp/PersonNm8DR KEVIN DIBELLA
IRS990/Form990PartVIISectionAGrp/PersonNm9MR TOM EFIRD
IRS990/Form990PartVIISectionAGrp/PersonNm10MR REGIS EGER
IRS990/Form990PartVIISectionAGrp/PersonNm11MS JUDITH MALONEY
IRS990/Form990PartVIISectionAGrp/PersonNm12MS RHONDA MCLEAN
IRS990/Form990PartVIISectionAGrp/PersonNm13MR CHAD MELVIN
IRS990/Form990PartVIISectionAGrp/PersonNm14DR EDWARD SADLER JR
IRS990/Form990PartVIISectionAGrp/PersonNm15MRS JULIA ALLEN
IRS990/Form990PartVIISectionAGrp/PersonNm16MS CYNTHIA MCCRORY
IRS990/Form990PartVIISectionAGrp/PersonNm17DR PATRICIA SKINNER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt1573959
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16107141
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt17245913
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
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/TitleTxt15EXECUTIVE DIRECTOR/CDO
IRS990/Form990PartVIISectionAGrp/TitleTxt16ASST TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt17SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0160865
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt0199070
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0343150
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0343150
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02391242
IRS990/GrossReceiptsAmt03023846
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt04300
IRS990/InsuranceGrp/TotalAmt04300
IRS990/InvestmentIncomeGrp/ExclusionAmt0183312
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0183312
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08061641
IRS990/InvestmentsPubTradedSecGrp/EOYAmt08570125
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt060000
IRS990/LandBldgEquipBasisNetGrp/EOYAmt060000
IRS990/LandBldgEquipCostOrOtherBssAmt060000
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02230377
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt08797853
IRS990/NetAssetsOrFundBalancesEOYAmt09144196
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0160865
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0160865
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0205005
IRS990/NoncashContributionsAmt033432
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07142
IRS990/OfficeExpensesGrp/ProgramServicesAmt037955
IRS990/OfficeExpensesGrp/TotalAmt045097
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt037154
IRS990/OtherAssetsTotalGrp/EOYAmt037227
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0RECEPTIONS
IRS990/OtherExpensesGrp/Desc1RECOGNITIONS
IRS990/OtherExpensesGrp/FundraisingAmt037360
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt015793
IRS990/OtherExpensesGrp/ProgramServicesAmt04326
IRS990/OtherExpensesGrp/TotalAmt037360
IRS990/OtherExpensesGrp/TotalAmt120119
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03472069
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03490048
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0284044
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0203438
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09996
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011396
IRS990/PrincipalOfficerNm0JULIA ALLEN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION PROVIDES SUPPORT TO THE COLLEGE FOR VARIOUS PROGRAMS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0118788
IRS990/ProgSrvcAccomActy2Grp/GrantAmt076057
IRS990/ProgSrvcAccomActy3Grp/Desc0THE FOUNDATION ACCEPTS GIFTS AND PROVIDES FUNDING FOR THE COLLEGE'S RADIO STATION WSGE 91.3.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0115537
IRS990/ProgSrvcAccomActy3Grp/GrantAmt068023
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0892447
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0692816
IRS990/PYInvestmentIncomeAmt0258022
IRS990/PYOtherExpensesAmt0243112
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0214541
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0935928
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01150469
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0141338
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0712316
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0930220
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0449292
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0892447
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0674509
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0617293
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0370156
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03003697
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0183312
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0179585
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0172932
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0185120
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0174127
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0895076
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65780
IRS990ScheduleA/PublicSupportPY170Pct00.63910
IRS990ScheduleA/PublicSupportTotal170Amt02564479
IRS990ScheduleA/SubstantialContributorsTotAmt0439218
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0449292
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0892447
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0674509
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0617293
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0370156
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03003697
IRS990ScheduleA/TotalSupportAmt03898773
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.34600
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt05318631
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt017905
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt05336610
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt074
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt05297278
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt021300
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt05318631
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt053
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt05263257
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt033925
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt05297278
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt096
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt05158213
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0104980
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt05263257
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt064
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt05151071
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt07142
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt05158213
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt043928
IRS990ScheduleD/ExpensesSubtotalAmt0608203
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt043928
IRS990ScheduleD/InvestmentExpensesNotIncldAmt043928
IRS990ScheduleD/LandGrp/BookValueAmt060000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,812,406
Liabilities
$668,210
Net assets
$9,144,196
Revenue
$793,469
Expenses
$652,131
Net income
$141,338
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.0$0.03$13.0$3.39$3.29$0.10
2023Detailed filing. Detailed filing data is available for this year.$12.3$0.01$12.3$1.65$1.55$0.09
2022Detailed filing. Detailed filing data is available for this year.$12.1$0.01$12.1$1.30$1.69$0.39
2021Detailed filing. Detailed filing data is available for this year.$14.1$0.00$14.1$3.54$0.96$2.58
2020Detailed filing. Detailed filing data is available for this year.$10.4$0.49$9.88$1.14$1.40$0.26
2019Detailed filing. Detailed filing data is available for this year.$10.8$0.70$10.1$1.54$0.74$0.80
2018Detailed filing. Detailed filing data is available for this year.$9.81$0.67$9.14$0.79$0.65$0.14
2017Detailed filing. Detailed filing data is available for this year.$9.17$0.37$8.80$1.15$0.94$0.21
2016Detailed filing. Detailed filing data is available for this year.$8.54$0.56$7.97$1.04$1.04$0.00
2015Detailed filing. Detailed filing data is available for this year.$8.59$0.31$8.28$0.98$0.96$0.01
2014Detailed filing. Detailed filing data is available for this year.$8.77$0.31$8.47$0.84$1.18$0.34