Civic Intelligence

Durham Technical Community College Foundation Inc.

990 • Fiscal year 2016 • EIN 56-1423848

Jul 01, 2015 to Jun 30, 2016 • Filed on Sep 22, 2016

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.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

28th percentile

0.02x

Higher debt load relative to revenue than 28% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Net Margin

19th percentile

-6.6%

Higher net margin than 19% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$259,782

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 52.7% of source-year revenue.

2016 filings • NTEE B • $1M-$5M nonprofits • Source year 2016

Asset Growth

43rd percentile

1.0%

Faster asset growth than 43% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

4th percentile

-52%

Faster revenue growth than 4% of similar nonprofits.

2016 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$3,459,540

Up $35,141 (+1.0%) from 2015

Net Assets

Up

$3,449,962

Up $31,051 (+0.9%) from 2015

Liabilities

Up

$9,578

Up $4,090 (+75%) from 2015

Revenue

Down

$493,119

Down $541,318 (-52%) from 2015

Expenses

Down

$525,694

Down $378,974 (-42%) from 2015

Net Income

Down

-$32,575

Down $162,344 (-125%) from 2015

Historical Trend

Balance Sheet Trend

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

2016

Assets$3,459,540
Liabilities$9,578
Net Assets$3,449,962

Operations Trend

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

2016

Revenue$493,119
Expenses$525,694
Net Income-$32,575
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Sep 22, 2016
Return Version
2015v2.1
Gross Receipts
$727,665
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,396,077$2,928,608▲ $532,531
Savings and Temporary Cash Investments$474,752$323,712▼ $151,040
Cash and Non-Interest-Bearing Accounts$412,634$103,434▼ $309,200
Pledges and Grants Receivable$116,546$100,648▼ $15,898
Accounts Receivable$14,550--
Inventories for Sale or Use$6,800$2,125▼ $4,675
Land, Buildings, and Equipment, Net$3,039$1,013▼ $2,026
Total Assets$3,424,399$3,459,540▲ $35,141
Other Assets Total$1--
Liabilities
Accounts Payable and Accrued Expenses$5,488$9,578▲ $4,090
Total Liabilities$5,488$9,578▲ $4,090
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,135,880$2,113,234▼ $22,646
Permanently Rstr Net Assets$1,005,057$1,017,657▲ $12,600
Unrestricted Net Assets$277,974$319,071▲ $41,097
Total Net Assets Fund Balance$3,418,911$3,449,962▲ $31,051
Total Liabilities and Net Assets / Fund Balance$3,424,399$3,459,540▲ $35,141

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,013$9,119$10,132

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$2,427,930$13,767▲ $111,198-$2,484,261
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Ms Melissa ChappellExecutive DiFT$92,405$92,405

Board Members and Trustees

NameTitle
Ms Gracie Johnson- LopezChair
Mr John AndersonVice Chair
Mr Bill KalkhofBoard Member
Mr Charles T Wilson JrBoard Member
Mr Jay MebaneBoard Member
Mr Keith SpringBoard Member
Mr Kevin G MontgomeryBoard Member
Mr Lee Johnson JrBoard Member
Mr Mason AilstockBoard Member
Mr Sam NicholsBoard Member
Mr Stephen E PikeBoard Member
Mr Vinay KhannaBoard Member
Ms Carmella MeltonBoard Member
Ms Diane BastianBoard Member
Ms Leah OgdenBoard Member
Ms Lynn M WilsonBoard Member
Ms Susan HesterBoard Member
Dr William IngramSecretary
Mr Matt WilliamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$413,589
Program Service Revenue
$0
Investment Income
$75,258
Other Revenue
$4,272
All Other Contributions
$413,589
Change in Net Assets
$-32,575

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$16,480Fair Market Value
Other Non Cash Contri Table1$13,741Fair Market Value
Other Non Cash Contri Table2$8,212Fair Market Value
Works of Art1$5,250Fair Market Value
Total Noncash Contributions5$43,683-

Audited Revenue Reconciliation

Revenue per Audited Statements
$493,119
Revenue Not Reported on Form 990
$265,570
Total Revenue per Audited Statements
$758,689
Total Revenue per Form 990
$493,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$429,590
Other Expenses$96,104
Total Fundraising Expense$13,257
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$324,791--$324,791
Grants to Domestic Individuals$104,799--$104,799
Fees for Service Investment Mgmnt Fees-$18,395-$18,395
Fees for Services Other-$1,484$13,257$14,741
Fees for Services Accounting-$9,416-$9,416
Information Technology-$8,240-$8,240
Office Expenses-$5,490-$5,490
All Other Expenses-$5,417-$5,417
Other Expenses-$4,353-$4,353
Depreciation Depletion-$2,026-$2,026
Total Functional Expenses$429,590$82,847$13,257$525,694

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$727,638
Expenses per Audited Statements$525,694
Total Expenses per Form 990$525,694
Expenses Not Reported on Form 990$201,944
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Durham Technical CollegeDurham, NC-College Programs$286,108
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
Yes
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, Page 6, Part VI, Line 11B

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, Page 6, Part VI, Line 12C

Policies are evaluated by staff on a regular basis and any potential conflicts are discussed among executive committee members.

Form 990, Page 6, Part VI, Line 15A

Salaries are evaluated and determined by the college's human resources department using industry benchmarks.

Form 990, Page 6, Part VI, Line 19

Audited financial statements are available on durham tech's website.

Filing and Contact Details

Filer

Filer Name
Durham Technical Community College
EIN
56-1423848
Phone
9195367250
Address
1637 LAWSON STREET, DURHAM, NC 27703

Signing Officer

Name
Ms Melissa Chappell
Title
Executive Director
Phone
9195367250
Signed
2016-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ms Melissa Chappell
Formed
1982
Legal Domicile
Nc
Voting Board Members
19
Independent Board Members
17
Employees
0

Preparer

Firm
Rives & Associates Llp
Address
4515 FALLS OF NEUSE ROAD SUITE 450, RALEIGH, NC 27609
Preparer
Thomas B Cornwell CPA
Phone
9198326848
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds primarily are used to provide scholarships for students to attend durham technical community college.

Schedule D, Page 3, Part X

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, 2016, 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 2012 thru 2015 are subject to examination by the irs, generally for three years after they were filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE DI
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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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IRS990/OtherExpensesGrp/Desc1MEMBERSHIP DUES
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IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
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IRS990/PrincipalOfficerNm0MS MELISSA CHAPPELL
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE SUPPORTED ORGANIZATION, DURHAM TECHNICAL COMMUNITY COLLEGE, PROVIDES ALL RESOURCES, OFFICE SPACE, ACCOUNTING SERVICES, MANAGEMENT STAFF AND ALL OTHER PERSONNEL UTILIZED BY THE SUPPORTING ORGANIZATION, DURHAM TECHNICAL COMMUNITY COLLEGE FOUNDATION. CONTROL IS ALSO SHOWN BY THE FACT THAT THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND THE CHIEF FINANCIAL OFFICER OF THE COLLEGE, BOTH EMPLOYEES OF THE COLLEGE ARE REQUIRED SIGNERS ON ALL CHECKS WRITTEN BY THE FOUNDATION.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

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