Civic Intelligence

Forsyth Technical Community College Foundation Inc

EIN 56-1070364 • 501(c)3 • Winstonsalem, NC

Profile

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.

2100 Silas Creek ParkwayWinstonsalem, NC 27103

www.forsythtech.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.02x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

44th percentile

0.18x

Higher debt load relative to revenue than 44% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

9th percentile

-31%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

39th percentile

1.9%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

61st percentile

12%

Faster revenue growth than 61% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets21st percentile

Assets

Up

$15,922,426

Up $295,343 (+1.9%) from 2024

Liabilities

Up

$343,814

Up $318,789 (+1274%) from 2024

Net Assets

Down

$15,578,612

Down $23,446 (-0.2%) from 2024

Operations
Liabilities / Revenue44th percentileNet Margin9th percentile

Revenue

Up

$1,940,532

Up $212,209 (+12%) from 2024

Expenses

Up

$2,542,499

Up $816,384 (+47%) from 2024

Net Income

Down

-$601,967

Down $604,175 (-27363%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth39th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $6,968,825Liabilities 2011: $0Net Assets 2011: $6,968,8252011Assets 2012: $7,263,813Liabilities 2012: $0Net Assets 2012: $7,263,8132012Assets 2013: $7,496,168Liabilities 2013: $0Net Assets 2013: $7,496,1682013Assets 2014: $6,300,213Liabilities 2014: $0Net Assets 2014: $6,300,2132014Assets 2015: $4,683,934Liabilities 2015: $0Net Assets 2015: $4,683,9342015Assets 2016: $9,004,032Liabilities 2016: $0Net Assets 2016: $9,004,0322016Assets 2017: $11,368,499Liabilities 2017: $0Net Assets 2017: $11,368,4992017Assets 2018: $14,340,603Liabilities 2018: $1,216Net Assets 2018: $14,339,3872018Assets 2019: $14,557,833Liabilities 2019: $1,235Net Assets 2019: $14,556,5982019Assets 2020: $13,696,055Liabilities 2020: $18,767Net Assets 2020: $13,677,2882020Assets 2021: $15,510,671Liabilities 2021: $12,285Net Assets 2021: $15,498,3862021Assets 2022: $14,112,949Liabilities 2022: $3,815Net Assets 2022: $14,109,1342022Assets 2023: $14,533,335Liabilities 2023: $4,329Net Assets 2023: $14,529,0062023Assets 2024: $15,627,083Liabilities 2024: $25,025Net Assets 2024: $15,602,0582024Assets 2025: $15,922,426Liabilities 2025: $343,814Net Assets 2025: $15,578,6122025

Highlighted filing

2025

Assets$15,922,426
Liabilities$343,814
Net Assets$15,578,612
Open 2025 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,665,233Expenses 2011: $1,174,618Net Income 2011: $490,6152011Expenses 2012: $1,024,4362012Revenue 2013: $795,925Expenses 2013: $600,915Net Income 2013: $195,0102013Revenue 2014: $1,113,105Expenses 2014: $2,501,354Net Income 2014: -$1,388,2492014Revenue 2015: $980,623Expenses 2015: $2,493,737Net Income 2015: -$1,513,1142015Revenue 2016: $2,094,845Expenses 2016: $627,495Net Income 2016: $1,467,3502016Revenue 2017: $3,099,209Expenses 2017: $1,474,710Net Income 2017: $1,624,4992017Revenue 2018: $6,073,174Expenses 2018: $2,302,312Net Income 2018: $3,770,8622018Revenue 2019: $4,007,071Expenses 2019: $1,336,792Net Income 2019: $2,670,2792019Revenue 2020: $1,430,152Expenses 2020: $2,047,579Net Income 2020: -$617,4272020Revenue 2021: $1,610,001Expenses 2021: $1,763,101Net Income 2021: -$153,1002021Revenue 2022: $2,983,273Expenses 2022: $1,821,020Net Income 2022: $1,162,2532022Revenue 2023: $2,351,370Expenses 2023: $2,561,054Net Income 2023: -$209,6842023Revenue 2024: $1,728,323Expenses 2024: $1,726,115Net Income 2024: $2,2082024Revenue 2025: $1,940,532Expenses 2025: $2,542,499Net Income 2025: -$601,9672025

Highlighted filing

2025

Revenue$1,940,532
Expenses$2,542,499
Net Income-$601,967
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$15,922,426
Liabilities
$343,814
Net assets
$15,578,612
Revenue
$1,940,532
Expenses
$2,542,499
Net income
-$601,967
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$0.34$15.6$1.94$2.54$0.60
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.6$0.03$15.6$1.73$1.73$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.5$0.00$14.5$2.35$2.56$0.21
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$0.00$14.1$2.98$1.82$1.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$0.01$15.5$1.61$1.76$0.15
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$0.02$13.7$1.43$2.05$0.62
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.6$0.00$14.6$4.01$1.34$2.67
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.3$0.00$14.3$6.07$2.30$3.77
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$0.00$11.4$3.10$1.47$1.62
2016Detailed filing. Detailed filing data is available for this year.$9.00$0.00$9.00$2.09$0.63$1.47
2015Detailed filing. Detailed filing data is available for this year.$4.68$0.00$4.68$0.98$2.49$1.51
2014Detailed filing. Detailed filing data is available for this year.$6.30$0.00$6.30$1.11$2.50$1.39
2013Summary only. Only limited summary data is available for this year.$7.50$0.00$7.50$0.80$0.60$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.26$0.00$7.26$1.02
2011Summary only. Only limited summary data is available for this year.$6.97$0.00$6.97$1.67$1.17$0.49
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 18, 2025
Return Version
2024v5.2
Gross Receipts
$5,399,847
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,073,156$13,015,560▲ $942,404
Savings and Temporary Cash Investments$3,310,440$2,383,017▼ $927,423
Other Notes and Loans Receivable, Net-$310,500-
Cash and Non-Interest-Bearing Accounts$141,739$106,200▼ $35,539
Land, Buildings, and Equipment, Net$79,000$79,000→ $0
Accounts Receivable$6,419$21,486▲ $15,067
Pledges and Grants Receivable$7,775$0▼ $7,775
Prepaid Expenses and Deferred Charges$8,554$6,663▼ $1,891
Total Assets$15,627,083$15,922,426▲ $295,343
Liabilities
Accounts Payable and Accrued Expenses$25$326,253▲ $326,228
Deferred Revenue$25,000$17,561▼ $7,439
Total Liabilities$25,025$343,814▲ $318,789
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,879,194$12,132,576▲ $253,382
Net Assets Without Donor Restrictions$3,722,864$3,446,036▼ $276,828
Total Net Assets Fund Balance$15,602,058$15,578,612▼ $23,446
Total Liabilities and Net Assets / Fund Balance$15,627,083$15,922,426▲ $295,343

Asset Categories

AssetBook ValueDepreciationBasis
Land$79,000-$79,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$10,404,672$82,000▲ $1,070,413$224,105$11,188,090
2023$9,073,495$194,142▲ $1,329,602$100,845$10,404,672
2022$8,337,161$235,117▲ $709,020$111,347$9,073,495
2021$9,644,626$109,500▼ $1,156,141$86,927$8,337,161
2020$6,871,203$1,132,661▲ $1,847,602$107,309$9,644,626
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Precious Quire-mccloudChair
Brent CollinsImmediate Past Chair
Sherry CarpenterVice Chair
Andy ClarkeDirector
Ben CarsonDirector
Brajan FunesDirector
Emily HarrisonDirector
Eric MayberryDirector
Greg BrayDirector
Melissa MckinneyDirector
Robert Leak IiiDirector
Stephan LillieDirector
Douglas EvansOutgoing Executive Director
Dr Janet SpriggsSecretary
Kizzy LeaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,193,484
Program Service Revenue
$0
Investment Income
$754,714
Other Revenue
$-7,666
All Other Contributions
$1,156,935
Change in Net Assets
$-601,967

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
Food Inventory9,861$79,572Fair Market Value
Other Non Cash Contri Table3$31,450Fair Market Value
Books and Publications-$11,213Fair Market Value
Other Non Cash Contri Table2$5,974Fair Market Value
Other Non Cash Contri Table3$2,624Fair Market Value
Other Non Cash Contri Table8$220Fair Market Value
Total Noncash Contributions9,877$131,053-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,950,718
Revenue Not Reported on Financial Statements
$-10,186
Revenue Not Reported on Form 990
$525,617
Other Revenue Adjustments
$-10,186
Total Revenue per Audited Statements
$2,476,335
Total Revenue per Form 990
$1,940,532
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,399,481
Other Expenses$143,018
Total Fundraising Expense$7,117
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,374,656--$2,374,656
Fees for Service Investment Mgmnt Fees-$52,904-$52,904
Information Technology-$45,159-$45,159
Grants to Domestic Individuals$24,825--$24,825
Travel$15,165$701-$15,866
Advertising-$10,000$25$10,025
Fees for Services Accounting-$9,750-$9,750
Other Expenses-$1,741$6,266$8,007
Conferences and Meetings--$690$690
Office Expenses-$481$136$617
Total Functional Expenses$2,414,646$120,736$7,117$2,542,499

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,542,499
Total Expenses per Audited Statements$2,499,781
Expenses per Audited Statements$2,489,595
Expenses Not Reported on Financial Statements$52,904
Other Expense Adjustments$52,904
Expenses Not Reported on Form 990$10,186
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Forsyth Technical Community CollegeWinston Salem, NC501(c)3EDUCATION PROGRAMS; INSTITUTIONAL SUPPORT$1,686,904
Forsyth Technical Community CollegeWinston Salem, NC501(c)3Scholarships$520,919
Crosby Scholars Community PartnershipWinston Salem, NC501(c)3Enhance Early College Access$20,000
Rebeca Segebre Ministries IncWinston Salem, NC501(c)3Hispanic Small Business Program Support$16,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,186
Fundraising Gross Income$2,520
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Luncheon$36,288$2,520$645$1,875
Total Events$36,288$2,520$10,186$-7,666
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 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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“An electronic copy of the full form 990 is reviewed by the entire board of directors before it is filed.”

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

“On an annual basis, all officers and board members are required to review and sign a conflict of interest statement, which includes making a written disclosure to the executive director of the foundation and the chair of the board of directors of all potential conflicts of interest. The executive director of the foundation will also review all disclosure statements completed by key employees and the chair of the board will review all disclosure statements completed by directors and the executive director of the foundation to determine appropriate resolution in accordance with the policy.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Forsyth Technical Community College
EIN
56-1070364
Phone
3367347540
Address
2100 SILAS CREEK PARKWAY, WINSTONSALEM, NC 27103

Signing Officer

Name
Kizzy Lea
Title
Treasurer
Phone
3367347540
Signed
2025-12-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kizzy Lea
Formed
1973
Legal Domicile
Nc
Voting Board Members
14
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Bernard Robinson & Company Llp
Address
PO BOX 19608, GREENSBORO, NC 27419-9608
Preparer
John M Robinson
Phone
3362944494
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“The foundation's endowment consists of 65 individual donor-restricted endowment funds and 1 quasi-endowment established for a variety of purposes.”

PART X, LINE 2:

“It is the foundation's policy to evaluate all tax positions to identify any that may be considered uncertain. All identified material tax positions are assessed and measured by a more-likely-than-not threshold to determine if the tax position is uncertain and what, if any, the effect of the uncertain tax position may have on the financial statements. No material uncertain tax positions were identified for 2025 and 2024.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Investment expenses included in revenue on financial statements -52,904.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising event expenses -10,186.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising event expenses 10,186.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Investment management fees 52,904.”

Raw XML AppendixShowing 400 of 698 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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