Civic Intelligence

Durham Technical Community College Foundation Inc.

990 • Fiscal year 2015 • EIN 56-1423848

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 13, 2015

Organization ProfileN/A
1637 Lawson StreetDurham, NC 27703

(919) 536-7250

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Net Margin

73rd percentile

13%

Higher net margin than 73% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

94th percentile

$258,503

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 25.0% of source-year revenue.

2015 filings • NTEE B • $1M-$5M nonprofits • Source year 2015

Asset Growth

28th percentile

-3.1%

Faster asset growth than 28% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

1.4%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets20th percentile

Assets

Down

$3,424,399

Down $110,772 (-3.1%) from 2014

Net Assets

Down

$3,418,911

Down $21,020 (-0.6%) from 2014

Liabilities

Down

$5,488

Down $89,752 (-94%) from 2014

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin73rd percentile

Revenue

Up

$1,034,437

Up $14,560 (+1.4%) from 2014

Expenses

Up

$904,668

Up $315,989 (+54%) from 2014

Net Income

Down

$129,769

Down $301,429 (-70%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth28th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $2,215,651Liabilities 2010: $0Net Assets 2010: $2,215,6512010Assets 2011: $2,429,914Liabilities 2011: $10,132Net Assets 2011: $2,419,7822011Assets 2012: $2,584,849Liabilities 2012: $5,117Net Assets 2012: $2,579,7322012Assets 2013: $2,887,613Liabilities 2013: $59,050Net Assets 2013: $2,828,5632013Assets 2014: $3,535,171Liabilities 2014: $95,240Net Assets 2014: $3,439,9312014Assets 2015: $3,424,399Liabilities 2015: $5,488Net Assets 2015: $3,418,9112015Assets 2016: $3,459,540Liabilities 2016: $9,578Net Assets 2016: $3,449,9622016Assets 2017: $3,797,445Liabilities 2017: $5,002Net Assets 2017: $3,792,4432017Assets 2018: $4,194,431Liabilities 2018: $7,990Net Assets 2018: $4,186,4412018Assets 2019: $6,064,663Liabilities 2019: $3,785Net Assets 2019: $6,060,8782019Assets 2020: $6,859,499Liabilities 2020: $3,780Net Assets 2020: $6,855,7192020Assets 2021: $8,587,865Liabilities 2021: $10,451Net Assets 2021: $8,577,4142021Assets 2022: $8,356,113Liabilities 2022: $48,778Net Assets 2022: $8,307,3352022Assets 2023: $14,403,429Liabilities 2023: $14,369Net Assets 2023: $14,389,0602023Assets 2024: $16,509,018Liabilities 2024: $5,607Net Assets 2024: $16,503,4112024

Highlighted filing

2015

Assets$3,424,399
Liabilities$5,488
Net Assets$3,418,911
Open 2015 Filing

Operations Trend

Revenue Growth39th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $136,7362010Expenses 2011: $187,2172011Expenses 2012: $202,1872012Revenue 2013: $657,497Expenses 2013: $388,202Net Income 2013: $269,2952013Revenue 2014: $1,019,877Expenses 2014: $588,679Net Income 2014: $431,1982014Revenue 2015: $1,034,437Expenses 2015: $904,668Net Income 2015: $129,7692015Revenue 2016: $493,119Expenses 2016: $525,694Net Income 2016: -$32,5752016Revenue 2017: $725,639Expenses 2017: $583,695Net Income 2017: $141,9442017Revenue 2018: $983,532Expenses 2018: $657,199Net Income 2018: $326,3332018Revenue 2019: $2,875,742Expenses 2019: $1,259,929Net Income 2019: $1,615,8132019Revenue 2020: $2,171,172Expenses 2020: $1,585,349Net Income 2020: $585,8232020Revenue 2021: $1,692,740Expenses 2021: $926,948Net Income 2021: $765,7922021Revenue 2022: $2,180,134Expenses 2022: $1,151,038Net Income 2022: $1,029,0962022Revenue 2023: $6,706,411Expenses 2023: $1,182,973Net Income 2023: $5,523,4382023Revenue 2024: $2,699,110Expenses 2024: $1,194,350Net Income 2024: $1,504,7602024

Highlighted filing

2015

Revenue$1,034,437
Expenses$904,668
Net Income$129,769
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$3,178,294
Mission and Program Overview

Mission

To promote the current and long-term success of durham technical community college by inspiring charitable investment in its students, faculty, and staff advocating for the institution's compelling work, and serving as excellent stewards of the foundation's assets.

To promote the current and long-term success of Durham Technical Community College by inspiring charitable investment in its students, faculty, and staff; advocating for the institution's compelling work; and serving as excellent stewards of the Foundation's assets.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,297,894$2,396,077▲ $98,183
Savings and Temporary Cash Investments$572,638$474,752▼ $97,886
Cash and Non-Interest-Bearing Accounts$638,379$412,634▼ $225,745
Pledges and Grants Receivable$18,894$116,546▲ $97,652
Accounts Receivable-$14,550-
Inventories for Sale or Use$2,300$6,800▲ $4,500
Land, Buildings, and Equipment, Net$5,066$3,039▼ $2,027
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$3,535,171$3,424,399▼ $110,772
Other Assets Total-$1-
Liabilities
Accounts Payable and Accrued Expenses$95,240$5,488▼ $89,752
Total Liabilities$95,240$5,488▼ $89,752
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,172,065$2,135,880▼ $36,185
Permanently Rstr Net Assets$990,643$1,005,057▲ $14,414
Unrestricted Net Assets$277,223$277,974▲ $751
Total Net Assets Fund Balance$3,439,931$3,418,911▼ $21,020
Total Liabilities and Net Assets / Fund Balance$3,535,171$3,424,399▼ $110,772

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,039$7,093$10,132

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$2,429,755$14,414▲ $79,325-$2,427,930
2013$2,137,415$28,606▲ $312,008-$2,429,755
2012$1,999,521$41,051▲ $163,685-$2,137,416
2011$1,944,085$43,575▲ $84,700-$1,999,521
2010$1,649,013$23,205▲ $303,465-$1,944,085
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Mr Robert KeeneyTreasurer-$124,897$124,897
Ms Melissa ChappellExecutive DirectorFT$88,329$88,329

Board Members and Trustees

NameTitle
Mr Jerry O'KeeffeBoard Chair
Ms Gracie Johnson-LopezVice Chair
Mr Bill KalkhofBoard Member
Mr Charles T Wilson JrBoard Member
Mr Jay MebaneBoard Member
Mr John AndersonBoard Member
Mr Kevin MontgomeryBoard Member
Mr Lee JohnsonBoard Member
Mr M Hager RandBoard Member
Mr Malvern F King JrBoard Member
Mr Mason AilstockBoard Member
Mr Richard L FurrBoard Member
Mr Stephen PikeBoard Member
Mr Vinay KhannaBoard Member
Ms Leah OgdenBoard Member
Ms Lynn M WilsonBoard Member
Ms Susan HesterBoard Member
Ms Carmella MeltonDirector
Dr William G IngramSecretary
Mr Matthew WilliamsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
MossRossAnnual Campaign4102 Westfield Drive, Durham, NC 27705$4,600
Revenue and Support

Revenue Composition

Contributions and Grants
$784,104
Program Service Revenue
$0
Investment Income
$249,384
Other Revenue
$949
All Other Contributions
$784,104
Change in Net Assets
$129,769

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 Table1$200,520Fair Market Value (FMV)
Other Non Cash Contri Table1$14,972Fair Market Value (FMV)
Securities Publicly Traded1$7,840Fair Market Value (FMV)
Other Non Cash Contri Table1$6,900Fair Market Value (FMV)
Total Noncash Contributions4$230,232-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,034,437
Revenue Not Reported on Form 990
$12,643
Total Revenue per Audited Statements
$1,047,080
Total Revenue per Form 990
$1,034,437
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$834,093
Other Expenses$70,575
Total Fundraising Expense$4,299
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$724,560--$724,560
Grants to Domestic Individuals$109,533--$109,533
Fees for Service Investment Mgmnt Fees-$22,585-$22,585
Fees for Services Other-$5,075$4,299$9,374
Fees for Services Accounting-$9,079-$9,079
Office Expenses-$3,210-$3,210
All Other Expenses-$2,046-$2,046
Depreciation Depletion-$2,026-$2,026
Other Expenses-$1,942-$1,942
Information Technology-$1,747-$1,747
Total Functional Expenses$834,093$66,276$4,299$904,668

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,084,981
Expenses per Audited Statements$904,668
Total Expenses per Form 990$904,668
Expenses Not Reported on Form 990$180,313
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Durham Tech Community CollegeDurham, NC-College programs$481,134
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“The 990 is provided to the Finance and Investment committee for their review. The 990 is then shared with the full Board of Directors.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Policies are evaluated by staff on a regular basis and any potential conflicts are discussed among Executive Committee members.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Salaries are evaluated and determined by the college's Human Resources Department using industry benchmarks.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Audited financial statements are available on Durham Tech's website.”

Filing and Contact Details

Filer

Filer Name
Durham Technical Comm College Fdn Inc
EIN
56-1423848
Phone
9195367250
Address
1637 Lawson Street, Durham, NC 27703

Signing Officer

Name
Ms Melissa Chappell
Title
Executive Director
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1982
Legal Domicile
Nc
Voting Board Members
20
Independent Board Members
18
Employees
0

Preparer

Firm
Thomas & Gibbs Cpas Pllc
Address
6114 FAYETTEVILLE RD STE 101, DURHAM, NC 27713-6284
Preparer
Kenneth D Gibbs
Phone
9195440555
Supplemental Narrative

Additional Explanations

Client Note 1

“Client Note 1 - Durham Technical Community College Foundation received approximately $33,271 in non-cash donations which were not included in Part VIII, Line 1g. of Form 990.”

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

“Endowment funds primarily are used to provide scholarships for students to attend Durham Technical Community College.”

Part X : FIN48 Footnote

“Uncertain tax positions In June 2006, the Financial Accounting Standards Board (FASB) released FASB ASC 740-10, Income Taxes, that provides guidance for reporting uncertainty in income taxes. For the year ended June 30, 2015, the Foundation has considered FASB ASC 740-10, as amended by Accounting Standards Update (ASU) 2009-06, and determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements. The Foundation's federal Return of Organization Exempt from Income Tax (Form 990) for 2011 through 2014 are subject to examination by the IRS, generally for three years after they were filed.”

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IRS990/Form990PartVIISectionAGrp/PersonNm3Ms Susan Hester
IRS990/Form990PartVIISectionAGrp/PersonNm4Mr Vinay Khanna
IRS990/Form990PartVIISectionAGrp/PersonNm5Mr Jerry O'Keeffe
IRS990/Form990PartVIISectionAGrp/PersonNm6Ms Gracie Johnson-Lopez
IRS990/Form990PartVIISectionAGrp/PersonNm7Ms Carmella Melton
IRS990/Form990PartVIISectionAGrp/PersonNm8Mr Lee Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm9Mr Stephen Pike
IRS990/Form990PartVIISectionAGrp/PersonNm10Mr Bill Kalkhof
IRS990/Form990PartVIISectionAGrp/PersonNm11Mr Malvern F King Jr
IRS990/Form990PartVIISectionAGrp/PersonNm12Mr Jay Mebane
IRS990/Form990PartVIISectionAGrp/PersonNm13Mr Kevin Montgomery
IRS990/Form990PartVIISectionAGrp/PersonNm14Mr M Hager Rand
IRS990/Form990PartVIISectionAGrp/PersonNm15Ms Leah Ogden
IRS990/Form990PartVIISectionAGrp/PersonNm16Mr Charles T Wilson Jr
IRS990/Form990PartVIISectionAGrp/PersonNm17Ms Lynn M Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm18Ms Melissa Chappell
IRS990/Form990PartVIISectionAGrp/PersonNm19Mr Matthew Williams
IRS990/Form990PartVIISectionAGrp/PersonNm20Mr Robert Keeney
IRS990/Form990PartVIISectionAGrp/PersonNm21Dr William G Ingram
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Executive Dir.
IRS990/Form990PartVIISectionAGrp/TitleTxt19Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt20Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt21Secretary
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
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IRS990/MissionDesc0To promote the current and long-term success of Durham Technical Community College by inspiring charitable investment in its students, faculty, and staff; advocating for the institution's compelling work; and serving as excellent stewards of the Foundation's assets.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,424,399
Liabilities
$5,488
Net assets
$3,418,911
Revenue
$1,034,437
Expenses
$904,668
Net income
$129,769
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$16.5$0.01$16.5$2.70$1.19$1.50
2023Detailed filing. Detailed filing data is available for this year.$14.4$0.01$14.4$6.71$1.18$5.52
2022Detailed filing. Detailed filing data is available for this year.$8.36$0.05$8.31$2.18$1.15$1.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.59$0.01$8.58$1.69$0.93$0.77
2020Detailed filing. Detailed filing data is available for this year.$6.86$0.00$6.86$2.17$1.59$0.59
2019Detailed filing. Detailed filing data is available for this year.$6.06$0.00$6.06$2.88$1.26$1.62
2018Detailed filing. Detailed filing data is available for this year.$4.19$0.01$4.19$0.98$0.66$0.33
2017Detailed filing. Detailed filing data is available for this year.$3.80$0.01$3.79$0.73$0.58$0.14
2016Detailed filing. Detailed filing data is available for this year.$3.46$0.01$3.45$0.49$0.53$0.03
2015Detailed filing. Detailed filing data is available for this year.$3.42$0.01$3.42$1.03$0.90$0.13
2014Detailed filing. Detailed filing data is available for this year.$3.54$0.10$3.44$1.02$0.59$0.43
2013Summary only. Only limited summary data is available for this year.$2.89$0.06$2.83$0.66$0.39$0.27
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.58$0.01$2.58$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.01$2.42$0.19
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.22$0.00$2.22$0.14