Civic Intelligence

Durham Technical Community College Foundation Inc.

990 • Fiscal year 2019 • EIN 56-1423848

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 16, 2019

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

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Net Margin

95th percentile

56%

Higher net margin than 95% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$0

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • NTEE B • $5M-$10M nonprofits • Source year 2019

Asset Growth

86th percentile

45%

Faster asset growth than 86% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

192%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • NTEE B • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$6,064,663

Up $1,870,232 (+45%) from 2018

Net Assets

Up

$6,060,878

Up $1,874,437 (+45%) from 2018

Liabilities

Down

$3,785

Down $4,205 (-53%) from 2018

Revenue

Up

$2,875,742

Up $1,892,210 (+192%) from 2018

Expenses

Up

$1,259,929

Up $602,730 (+92%) from 2018

Net Income

Up

$1,615,813

Up $1,289,480 (+395%) from 2018

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

2019

Assets$6,064,663
Liabilities$3,785
Net Assets$6,060,878

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

2019

Revenue$2,875,742
Expenses$1,259,929
Net Income$1,615,813
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 16, 2019
Return Version
2018v3.1
Gross Receipts
$2,966,785
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$3,412,065$5,001,445▲ $1,589,380
Savings and Temporary Cash Investments$379,291$483,167▲ $103,876
Cash and Non-Interest-Bearing Accounts$277,305$295,319▲ $18,014
Pledges and Grants Receivable$125,021$279,333▲ $154,312
Inventories for Sale or Use$400$4,550▲ $4,150
Total Assets$4,194,431$6,064,663▲ $1,870,232
Other Assets Total$349$849▲ $500
Liabilities
Accounts Payable and Accrued Expenses$7,990$3,785▼ $4,205
Total Liabilities$7,990$3,785▼ $4,205
Net Assets / Fund Balance
Unrestricted Net Assets$509,098$6,060,878▲ $5,551,780
Temporarily Rstr Net Assets$2,525,368--
Permanently Rstr Net Assets$1,151,975--
Total Net Assets Fund Balance$4,186,441$6,060,878▲ $1,874,437
Total Liabilities and Net Assets / Fund Balance$4,194,431$6,064,663▲ $1,870,232

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$10,132$10,132

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$3,050,550$507,510▲ $296,725-$3,776,872
2017$2,755,567$89,651▲ $274,261-$3,050,550
2016$2,484,261$92,106▲ $248,972-$2,755,567
2015$2,427,930$13,767▲ $111,198-$2,484,261
2014$2,429,755$14,414▲ $79,325-$2,427,930
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mr John AndersonChair
Mr Sam Nichols JrVice Chair
Mr Geraud StatonBoard Member
Mr H Lowell Oakly JrBoard Member
Mr James H Sills IiiBoard Member
Mr John ZaloomBoard Member
Mr Keith SpringBoard Member
Mr Vinay KhannaBoard Member
Mr Walter NewtonBoard Member
Ms Carmella MeltonBoard Member
Ms Danielle KasparBoard Member
Ms Deetra B WatsonBoard Member
Ms Ellen ShannonBoard Member
Ms Katie LoovisBoard Member
Ms Kay P GreshamBoard Member
Ms Susan HesterBoard Member
Dr Bill IngramEx-officio
Mr Charles T Wilson JrEx-officio
Mr Matthew WilliamsEx-officio
Ms Melissa ChappellEx-officio
Ms Melissa ChappellExecutive Di
Revenue and Support

Revenue Composition

Contributions and Grants
$2,818,942
Program Service Revenue
$0
Investment Income
$56,800
Other Revenue
$0
All Other Contributions
$1,275,500
Change in Net Assets
$1,615,813

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,875,742
Revenue Not Reported on Form 990
$611,489
Total Revenue per Audited Statements
$3,487,231
Total Revenue per Form 990
$2,875,742
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$754,494
Other Expenses$455,083
Total Fundraising Expense$128,027
Professional Fundraising Fees$50,352
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$580,693--$580,693
Grants to Domestic Individuals$173,801--$173,801
Fees for Services Professional Fundraising--$50,352$50,352
All Other Expenses-$2,841$10,306$13,147
Other Expenses-$12,485$34,131$12,485
Information Technology-$11,444-$11,444
Fees for Services Accounting-$9,215-$9,215
Total Functional Expenses$754,494$377,408$128,027$1,259,929

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,612,794
Expenses per Audited Statements$1,259,929
Total Expenses per Form 990$1,259,929
Expenses Not Reported on Form 990$352,865
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Durham Technical CollegeDurham, NC-College Programs$580,693
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$50,352
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 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
2019-10-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ms Melissa Chappell
Formed
1982
Legal Domicile
Nc
Voting Board Members
21
Independent Board Members
16
Employees
0

Preparer

Firm
Rives & Associates Llp
Address
4515 FALLS OF NEUSE ROAD SUITE 450, RALEIGH, NC 27609
Preparer
Megan Rushford 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt19EX-OFFICIO
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE 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/Desc0COLLEGE IN KIND
IRS990/OtherExpensesGrp/Desc1EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc2PROFESSIONAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3STAFF EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt033238
IRS990/OtherExpensesGrp/FundraisingAmt134131
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0319627
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt121796
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt212485
IRS990/OtherExpensesGrp/TotalAmt0352865
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IRS990/PrincipalOfficerNm0MS MELISSA CHAPPELL
IRS990/ProfessionalFundraisingInd0true
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS FOR TUITION, BOOKS, AND OTHER SUPPORT EXPENSES AWARDED TO STUDENTS.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0173801
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IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0false
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DURHAM TECHNICAL COMMUNITY COLLEGE FOUNDATION, INC. (THE FOUNDATION) IS INCORPORATED AS A NON-PROFIT CORPORATION, ORGANIZED TO MAXIMIZE ECONOMIC AND HUMAN DEVELOPMENT IN DURHAM AND ORANGE COUNTIES BY CULTIVATING AND GENERATING RESOURCES FOR DURHAM TECHNICAL COMMUNITY COLLEGE (THE COLLEGE) AND BY EDUCATING THE PUBLIC ON THE BENEFITS OF INVESTING IN THEIR COMMUNITY COLLEGE. THE FOUNDATIONS PRIMARY ACTIVITIES ARE TO SOLICIT AND ACQUIRE DONATIONS ON BEHALF OF DURHAM TECHNICAL COMMUNITY COLLEGE AND ADMINISTER SCHOLARSHIPS AND GRANTS TO THE COLLEGES STUDENTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE FOUNDATION'S PRIMARY ACTIVITIES ARE TO SOLICIT AND ACQUIRE DONATIONS ON BEHALF OF DURHAM TECHNICAL COMMUNITY COLLEGE AND ADMINISTER SCHOLARSHIPS AND GRANTS TO THE COLLEGE'S STUDENTS. WITHOUT THE FOUNDATION, DURHAM TECHNICAL COMMUNITY COLLEGE WOULD HAVE PERFORMED THESE ACTIVITIES AS FUND- RAISING AND THE ADMINISTRATION OF SCHOLARSHIPS AND GRANTS ARE IMPORTANT FUNCTIONS OF THE SCHOOL'S OPERATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B
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IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt077914
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0296725
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02755567
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt089651
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt014414
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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0352865
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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