Civic Intelligence

Mitchell Community College Foundation and Endowment for Excel

990 • Fiscal year 2023 • EIN 56-1961239

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 23, 2023

Organization ProfileN/A
500 W Broad StreetStatesville, NC 28677

(704) 878-3202

Siviq Scores

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

Liabilities / Assets

66th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE T • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • NTEE T • $10M-$25M nonprofits • Source year 2023

Net Margin

56th percentile

14%

Higher net margin than 56% of similar nonprofits.

2023 filings • NTEE T • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

94th percentile

$290,747

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 43.6% of source-year revenue.

2023 filings • NTEE T • $10M-$25M nonprofits • Source year 2023

Asset Growth

71st percentile

7.6%

Faster asset growth than 71% of similar nonprofits.

2023 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

14th percentile

-66%

Faster revenue growth than 14% of similar nonprofits.

2023 filings • NTEE T • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$18,697,682

Up $1,317,055 (+7.6%) from 2022

Net Assets

Up

$18,697,682

Up $1,317,055 (+7.6%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin56th percentile

Revenue

Down

$666,512

Down $1,287,513 (-66%) from 2022

Expenses

Up

$570,627

Up $164,116 (+40%) from 2022

Net Income

Down

$95,885

Down $1,451,629 (-94%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

$30M$20M$10M$0Assets 2012: $12,277,010Liabilities 2012: $25,235Net Assets 2012: $12,251,7752012Assets 2013: $13,193,632Liabilities 2013: $529Net Assets 2013: $13,193,1032013Assets 2014: $14,650,958Liabilities 2014: $191Net Assets 2014: $14,650,7672014Assets 2015: $14,838,074Liabilities 2015: $25,302Net Assets 2015: $14,812,7722015Assets 2016: $14,204,315Liabilities 2016: $2,079Net Assets 2016: $14,202,2362016Assets 2017: $15,569,855Liabilities 2017: $61,689Net Assets 2017: $15,508,1662017Assets 2018: $14,932,384Liabilities 2018: $992Net Assets 2018: $14,931,3922018Assets 2019: $15,333,346Liabilities 2019: $2,724Net Assets 2019: $15,330,6222019Assets 2020: $15,852,009Liabilities 2020: $0Net Assets 2020: $15,852,0092020Assets 2021: $20,205,009Liabilities 2021: $8Net Assets 2021: $20,205,0012021Assets 2022: $17,380,627Liabilities 2022: $0Net Assets 2022: $17,380,6272022Assets 2023: $18,697,682Liabilities 2023: $0Net Assets 2023: $18,697,6822023Assets 2024: $20,270,176Liabilities 2024: $0Net Assets 2024: $20,270,1762024Assets 2025: $21,858,351Liabilities 2025: $4Net Assets 2025: $21,858,3472025

Highlighted filing

2023

Assets$18,697,682
Liabilities$0
Net Assets$18,697,682
Open 2023 Filing

Operations Trend

Revenue Growth14th percentile

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

$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2012: $496,571Expenses 2012: $526,082Net Income 2012: -$29,5112012Revenue 2013: $820,041Expenses 2013: $554,340Net Income 2013: $265,7012013Revenue 2014: $1,107,809Expenses 2014: $884,666Net Income 2014: $223,1432014Revenue 2015: $1,083,952Expenses 2015: $607,275Net Income 2015: $476,6772015Revenue 2016: $1,391,538Expenses 2016: $774,273Net Income 2016: $617,2652016Revenue 2017: $1,038,897Expenses 2017: $754,351Net Income 2017: $284,5462017Revenue 2018: $688,919Expenses 2018: $1,968,938Net Income 2018: -$1,280,0192018Revenue 2019: $1,219,470Expenses 2019: $809,160Net Income 2019: $410,3102019Revenue 2020: $630,975Expenses 2020: $432,354Net Income 2020: $198,6212020Revenue 2021: $1,688,451Expenses 2021: $915,225Net Income 2021: $773,2262021Revenue 2022: $1,954,025Expenses 2022: $406,511Net Income 2022: $1,547,5142022Revenue 2023: $666,512Expenses 2023: $570,627Net Income 2023: $95,8852023Revenue 2024: $1,024,260Expenses 2024: $1,121,083Net Income 2024: -$96,8232024Revenue 2025: $1,787,545Expenses 2025: $1,084,833Net Income 2025: $702,7122025

Highlighted filing

2023

Revenue$666,512
Expenses$570,627
Net Income$95,885
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 23, 2023
Return Version
2022v5.0
Gross Receipts
$2,354,135
Mission and Program Overview

Mission

The mission of the mitchell community college foundation and endowment for excellence (the foundation) is to assist mitchell community college (the college) in achieving excellence in its mission of providing an accessible and affordable education to area students; to promote, develop, and encourage public support of the college; and to aid, strengthen, and further in every proper and useful way the work and success of the college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,261,470$18,404,931▲ $1,143,461
Cash and Non-Interest-Bearing Accounts$119,157$292,751▲ $173,594
Total Assets$17,380,627$18,697,682▲ $1,317,055
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$17,380,627$18,697,682▲ $1,317,055
Total Net Assets Fund Balance$17,380,627$18,697,682▲ $1,317,055
Total Liabilities and Net Assets / Fund Balance$17,380,627$18,697,682▲ $1,317,055

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$6,475$6,475
Compensation and Service Providers
Top Officer Pay94th percentile

Board Members and Trustees

NameTitle
Ralph BentleyChairman
Julia WilsonVice Chair
Bill PopeDirector
Carol ChildressDirector
Doug MccrackenDirector
Dr Jane TestermanDirector
Elizabeth CannonDirector
Erica GoodnightDirector
John SchaeferDirector
Lisa EversoleDirector
Mike CookDirector
Molly NicholsonDirector
Pam StameyDirector
Dr James T BrewerSecretary
Gerald HydeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$117,350
Program Service Revenue
$0
Investment Income
$549,162
Other Revenue
$0
All Other Contributions
$117,350
Change in Net Assets
$95,885

Audited Revenue Reconciliation

Revenue per Audited Statements
$666,512
Total Revenue per Audited Statements
$666,512
Total Revenue per Form 990
$666,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$444,993
Other Expenses$125,634
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$444,993--$444,993
Fees for Service Investment Mgmnt Fees-$77,369-$77,369
Office Expenses-$10,386-$10,386
Fees for Services Accounting-$8,000-$8,000
Fees for Services Legal-$125-$125
Other Expenses$50$824-$50
Total Functional Expenses$473,923$96,704$0$570,627

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$570,627
Total Expenses per Audited Statements$570,627
Total Expenses per Form 990$570,627
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mitchell Community CollegeStatesville, NC170General Support$444,993
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
No
Audit committee
Yes
Backup withholding compliance
No
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
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 prepared by a paid preparer and reviewed by the executive secretary and treasurer.”

Form 990, Page 6, Part VI, Line 19

“The governing documents can be obtained by the public by either sending a request to gerald hyde, treasurer, at mitchell community college, 500 west broad street, statesville, nc 28677, by calling (704) 878-3202, or by emailing [email protected]”

Filing and Contact Details

Filer

Filer Name
Mitchell Community College
EIN
56-1961239
Phone
7048783202
Address
500 W BROAD STREET, STATESVILLE, NC 28677

Signing Officer

Name
Gerald Hyde
Title
Treasurer
Phone
7048783202
Signed
2023-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr James T Brewer
Formed
1995
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
0

Preparer

Firm
S Preston Douglas & Associates Llp
Address
PO BOX 2339, LUMBERTON, NC 28359-2339
Preparer
John L Grissom Iii
Phone
9107397523
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The mission of the mitchell community college foundation and endowment for excellence (the foundation) is to assist mitchell community college (the college) in achieving excellence in its mission of providing an accessible and affordable education to area students; to promote, develop, and encourage public support of the college; and to aid, strengthen, and further in every proper and useful way the work and success of the college.”

Form 990, Part XI, Line 9

“Donated services -125,538”

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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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IRS990/OtherExpensesGrp/Desc2GIFT CARDS FOR MCC
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IRS990/OtherExpensesGrp/ProgramServicesAmt028880
IRS990/OtherExpensesGrp/ProgramServicesAmt150
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IRS990/OtherExpensesGrp/TotalAmt1824
IRS990/OtherExpensesGrp/TotalAmt250
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0DR JAMES T BREWER
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IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CollegeOrganizationInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0215711
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0341512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01730497
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt0200988
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt0200988
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0356777
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0292388
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0273645
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0302878
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01525121
IRS990ScheduleA/PublicSupportCY170Pct00.55880
IRS990ScheduleA/PublicSupportPY170Pct00.62490
IRS990ScheduleA/PublicSupportTotal170Amt01931485
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0117350
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0260874
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0795050
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0416699
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0341512
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01931485
IRS990ScheduleA/TotalSupportAmt03456606
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/ExpensesSubtotalAmt0570627
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06475
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06475
IRS990ScheduleD/RevenueSubtotalAmt0666512
IRS990ScheduleD/TotalExpensesPerForm990Amt0570627
IRS990ScheduleD/TotalRevenuePerForm990Amt0666512
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0666512
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0570627
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0444993
IRS990ScheduleI/RecipientTable/IRCSectionDesc0170
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MITCHELL COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0561048429
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0500 W BROAD STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0STATESVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0214463
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1132708
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt076284
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt150000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR JAMES T BREWER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GERALD HYDE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SECRETARY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0290747
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1182708
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE MITCHELL COMMUNITY COLLEGE FOUNDATION AND ENDOWMENT FOR EXCELLENCE (THE FOUNDATION) IS TO ASSIST MITCHELL COMMUNITY COLLEGE (THE COLLEGE) IN ACHIEVING EXCELLENCE IN ITS MISSION OF PROVIDING AN ACCESSIBLE AND AFFORDABLE EDUCATION TO AREA STUDENTS; TO PROMOTE, DEVELOP, AND ENCOURAGE PUBLIC SUPPORT OF THE COLLEGE; AND TO AID, STRENGTHEN, AND FURTHER IN EVERY PROPER AND USEFUL WAY THE WORK AND SUCCESS OF THE COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS PREPARED BY A PAID PREPARER AND REVIEWED BY THE EXECUTIVE SECRETARY AND TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS CAN BE OBTAINED BY THE PUBLIC BY EITHER SENDING A REQUEST TO GERALD HYDE, TREASURER, AT MITCHELL COMMUNITY COLLEGE, 500 WEST BROAD STREET, STATESVILLE, NC 28677, BY CALLING (704) 878-3202, OR BY EMAILING [email protected]
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DONATED SERVICES -125,538
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0473923
IRS990/TotalFunctionalExpensesGrp/TotalAmt0570627
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
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IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalOtherCompensationAmt0126284
IRS990/TotalProgramServiceExpensesAmt0473923
IRS990/TotalRevenueGrp/ExclusionAmt0299433
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0249729
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0666512
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt017380627
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018697682
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt015
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IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0GERALD HYDE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07048783202
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MITCHELL COMMUNITY COLLEGE

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,697,682
Liabilities
$0
Net assets
$18,697,682
Revenue
$666,512
Expenses
$570,627
Net income
$95,885
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.9$0.00$21.9$1.79$1.08$0.70
2024Detailed filing. Detailed filing data is available for this year.$20.3$0.00$20.3$1.02$1.12$0.10
2023Detailed filing. Detailed filing data is available for this year.$18.7$0.00$18.7$0.67$0.57$0.10
2022Detailed filing. Detailed filing data is available for this year.$17.4$0.00$17.4$1.95$0.41$1.55
2021Detailed filing. Detailed filing data is available for this year.$20.2$0.00$20.2$1.69$0.92$0.77
2020Detailed filing. Detailed filing data is available for this year.$15.9$0.00$15.9$0.63$0.43$0.20
2019Detailed filing. Detailed filing data is available for this year.$15.3$0.00$15.3$1.22$0.81$0.41
2018Summary only. Only limited summary data is available for this year.$14.9$0.00$14.9$0.69$1.97$1.28
2017Detailed filing. Detailed filing data is available for this year.$15.6$0.06$15.5$1.04$0.75$0.28
2016Detailed filing. Detailed filing data is available for this year.$14.2$0.00$14.2$1.39$0.77$0.62
2015Detailed filing. Detailed filing data is available for this year.$14.8$0.03$14.8$1.08$0.61$0.48
2014Detailed filing. Detailed filing data is available for this year.$14.7$0.00$14.7$1.11$0.88$0.22
2013Summary only. Only limited summary data is available for this year.$13.2$0.00$13.2$0.82$0.55$0.27
2012Summary only. Only limited summary data is available for this year.$12.3$0.03$12.3$0.50$0.53$0.03