Civic Intelligence

Asheville-Buncombe Technical

EIN 56-1993458 • 501(c)3 • Asheville, NC

Profile

The mission of the foundation is to support asheville-buncombe technical community college in all of its programs and activities to ensure that quality educational opportunities are avaialble to its students, faculty, and staff.

340 Victoria RoadAsheville, NC 28801

abtech.edu/ABOUT/COLLEGE-ADVANCEMENT

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

12th percentile

0.02x

Higher debt load relative to revenue than 12% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

46th percentile

3.1%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

32nd percentile

-0.0%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2024

Revenue Growth

54th percentile

8.7%

Faster revenue growth than 54% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2024

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$16,173,132

Up $182,392 (+1.1%) from 2023

Liabilities

Up

$39,870

Up $20,350 (+104%) from 2023

Net Assets

Up

$16,133,262

Up $162,042 (+1.0%) from 2023

Operations
Liabilities / Revenue12th percentileNet Margin46th percentile

Revenue

Up

$2,484,300

Up $498,456 (+25%) from 2023

Expenses

Up

$2,406,286

Up $647,416 (+37%) from 2023

Net Income

Down

$78,014

Down $148,960 (-66%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth32nd percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $6,771,129Liabilities 2010: $29,043Net Assets 2010: $6,742,0862010Assets 2011: $7,730,240Liabilities 2011: $52,872Net Assets 2011: $7,677,3682011Assets 2012: $7,673,896Liabilities 2012: $36,246Net Assets 2012: $7,637,6502012Assets 2013: $13,403,343Liabilities 2013: $50,499Net Assets 2013: $13,352,8442013Assets 2014: $14,024,526Liabilities 2014: $9,712Net Assets 2014: $14,014,8142014Assets 2015: $13,997,520Liabilities 2015: $18,087Net Assets 2015: $13,979,4332015Assets 2016: $13,108,609Liabilities 2016: $9,394Net Assets 2016: $13,099,2152016Assets 2017: $13,702,488Liabilities 2017: $10,677Net Assets 2017: $13,691,8112017Assets 2018: $14,494,878Liabilities 2018: $8,742Net Assets 2018: $14,486,1362018Assets 2019: $14,259,913Liabilities 2019: $5,378Net Assets 2019: $14,254,5352019Assets 2020: $13,869,810Liabilities 2020: $245,991Net Assets 2020: $13,623,8192020Assets 2021: $16,190,574Liabilities 2021: $83,464Net Assets 2021: $16,107,1102021Assets 2022: $15,076,753Liabilities 2022: $29,171Net Assets 2022: $15,047,5822022Assets 2023: $15,990,740Liabilities 2023: $19,520Net Assets 2023: $15,971,2202023Assets 2024: $16,173,132Liabilities 2024: $39,870Net Assets 2024: $16,133,2622024

Highlighted filing

2024

Assets$16,173,132
Liabilities$39,870
Net Assets$16,133,262
Open 2024 Filing

Operations Trend

Revenue Growth54th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $758,8752010Expenses 2011: $708,9772011Expenses 2012: $948,3052012Revenue 2013: $6,032,311Expenses 2013: $860,872Net Income 2013: $5,171,4392013Revenue 2014: $747,617Expenses 2014: $891,406Net Income 2014: -$143,7892014Revenue 2015: $915,344Expenses 2015: $963,435Net Income 2015: -$48,0912015Revenue 2016: $1,192,275Expenses 2016: $1,806,301Net Income 2016: -$614,0262016Revenue 2017: $915,590Expenses 2017: $846,374Net Income 2017: $69,2162017Revenue 2018: $1,267,366Expenses 2018: $933,658Net Income 2018: $333,7082018Revenue 2019: $1,297,775Expenses 2019: $1,513,512Net Income 2019: -$215,7372019Revenue 2020: $1,120,459Expenses 2020: $1,652,200Net Income 2020: -$531,7412020Revenue 2021: $1,934,731Expenses 2021: $1,252,239Net Income 2021: $682,4922021Revenue 2022: $1,977,639Expenses 2022: $1,241,022Net Income 2022: $736,6172022Revenue 2023: $1,985,844Expenses 2023: $1,758,870Net Income 2023: $226,9742023Revenue 2024: $2,484,300Expenses 2024: $2,406,286Net Income 2024: $78,0142024

Highlighted filing

2024

Revenue$2,484,300
Expenses$2,406,286
Net Income$78,014
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$16,173,132
Liabilities
$39,870
Net assets
$16,133,262
Revenue
$2,484,300
Expenses
$2,406,286
Net income
$78,014
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$0.04$16.1$2.48$2.41$0.08
2023Detailed filing. Detailed filing data is available for this year.$16.0$0.02$16.0$1.99$1.76$0.23
2022Detailed filing. Detailed filing data is available for this year.$15.1$0.03$15.0$1.98$1.24$0.74
2021Detailed filing. Detailed filing data is available for this year.$16.2$0.08$16.1$1.93$1.25$0.68
2020Detailed filing. Detailed filing data is available for this year.$13.9$0.25$13.6$1.12$1.65$0.53
2019Detailed filing. Detailed filing data is available for this year.$14.3$0.01$14.3$1.30$1.51$0.22
2018Detailed filing. Detailed filing data is available for this year.$14.5$0.01$14.5$1.27$0.93$0.33
2017Detailed filing. Detailed filing data is available for this year.$13.7$0.01$13.7$0.92$0.85$0.07
2016Detailed filing. Detailed filing data is available for this year.$13.1$0.01$13.1$1.19$1.81$0.61
2015Detailed filing. Detailed filing data is available for this year.$14.0$0.02$14.0$0.92$0.96$0.05
2014Detailed filing. Detailed filing data is available for this year.$14.0$0.01$14.0$0.75$0.89$0.14
2013Summary only. Only limited summary data is available for this year.$13.4$0.05$13.4$6.03$0.86$5.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.67$0.04$7.64$0.95
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.73$0.05$7.68$0.71
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.77$0.03$6.74$0.76
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 24, 2025
Return Version
2023v6.0
Gross Receipts
$2,518,945
Mission and Program Overview

Mission

The mission of the foundation is to support asheville-buncombe technical community college in all of its programs and activities to ensure that quality educational opportunities are available to its students, faculty and staff.

To support asheville-buncombe technical community college in all of its programs and activities, ensuring that quality educational opportunities are available to its students, faculty, and staff.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$8,667,973$9,304,614▲ $636,641
Savings and Temporary Cash Investments$2,879,079$3,249,145▲ $370,066
Pledges and Grants Receivable$2,457,543$2,300,563▼ $156,980
Cash and Non-Interest-Bearing Accounts$178,363--
Prepaid Expenses and Deferred Charges$26,860$31,057▲ $4,197
Total Assets$15,990,740$16,173,132▲ $182,392
Other Assets Total$1,780,922$1,287,753▼ $493,169
Liabilities
Accounts Payable and Accrued Expenses$19,520$39,870▲ $20,350
Total Liabilities$19,520$39,870▲ $20,350
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,775,215$13,881,880▲ $106,665
Net Assets Without Donor Restrictions$2,196,005$2,251,382▲ $55,377
Total Net Assets Fund Balance$15,971,220$16,133,262▲ $162,042
Total Liabilities and Net Assets / Fund Balance$15,990,740$16,173,132▲ $182,392

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,287,753--
Other Securities$9,304,614--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$7,298,605$343,191▲ $628,177-$7,912,625
2023$6,979,746$172,630▲ $492,932-$7,298,605
2022$8,074,402$222,135▼ $1,011,105-$6,979,746
2021$6,642,383$56,250▲ $1,647,932-$8,074,402
2020$6,773,747$83,164▲ $27,533-$6,642,383
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeOtherTotal
Dirk WilmothTreasurerPT$137,527$137,527
Amanda EdwardsExecutive DirectorFT$91,771$91,771

Board Members and Trustees

NameTitle
Annette ColemanBoard Chair
Gary FossVice Chair
Anita MetcalfDirector
Anthony CerratoDirector
Brandy BowmanDirector
Charles FrederickDirector
Dan D AndersonDirector
Daniel BradshawDirector
David MccartneyDirector
Elizabeth BaileyDirector
Jane ManeyDirector
Kristy ElliottDirector
Lary SchulhofDirector
Matt KernDirector
Meg RaglandDirector
Michael KryzanekDirector
Oneal SheltonDirector
Richard B HurleyDirector
Robin RamseyDirector
Ron StortoDirector
Shelia ElingburgDirector
Steven W SizemoreDirector
Tony PalazzoDirector
Vic IsleyDirector
Vicki BanksDirector
Whitney WhitsonDirector
Yolanda BoppDirector
John GossettSecretary
William SederburgTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,063,549
Program Service Revenue
$0
Investment Income
$330,414
Other Revenue
$90,337
All Other Contributions
$1,611,270
Change in Net Assets
$78,014

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$37,621Fair Market Value (FMV)
Other Non Cash Contri Table1$26,536Fair Market Value (FMV)
Other Non Cash Contri Table1$1,300Fair Market Value (FMV)
Total Noncash Contributions3$65,457-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,462,655
Revenue Not Reported on Financial Statements
$21,645
Revenue Not Reported on Form 990
$622,627
Other Revenue Adjustments
$-34,645
Total Revenue per Audited Statements
$3,085,282
Total Revenue per Form 990
$2,484,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,680,504
Grants and Similar Amounts Paid$725,782
Total Fundraising Expense$37,621
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$725,782--$725,782
All Other Expenses$75,095--$75,095
Other Expenses$27,836$400,000$37,621$65,457
Fees for Service Investment Mgmnt Fees-$56,290-$56,290
Information Technology-$53,408-$53,408
Office Expenses-$23,089-$23,089
Fees for Services Accounting-$11,270-$11,270
Total Functional Expenses$1,824,608$544,057$37,621$2,406,286

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,923,240
Total Expenses per Form 990$2,406,286
Expenses per Audited Statements$2,384,641
Expenses Not Reported on Form 990$538,599
Expenses Not Reported on Financial Statements$21,645
Other Expense Adjustments$-34,645
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$108,652
Fundraising Direct Expenses$34,645
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Autumn in Asheville$92,610$70,360$11,127$59,233
Golf Tournament$66,883$28,033$11,541$16,492
Total Events$169,752$108,652$34,645$74,007
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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 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
Yes
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

“The form 990 is reviewed by the chief financial officer. A public disclosure copy of the form 990 is presented to the full board and made available on the abtech.edu website.”

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

“New and reappointed board members are required to attend a board of directors orientation session upon appointment or reappointment. During the session, board members complete a conflict of interest disclosure statement, which includes their name, employer, position, and affiliated organizations. Directors with a conflict must disclose the conflict at the meeting and refrain from voting on any matter related to it.”

Form 990, Part VI, Section B, Line 15A

“Foundation employees are considered employees of asheville-buncombe technical community college. The college pays the salaries of foundation employees. As such, the college handles compensation setting under its compensation policy.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Asheville-buncombe Technical
EIN
56-1993458
Phone
8283987176
Address
340 VICTORIA ROAD, ASHEVILLE, NC 28801

Signing Officer

Name
Melissa Valko
Title
CFO/treasurer
Phone
8283987176
Signed
2025-09-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Edwards
Formed
1996
Legal Domicile
Nc
Voting Board Members
30
Independent Board Members
28
Employees
0
Volunteers
55

Preparer

Firm
Sharpe Patel CPA
Address
5510 SIX FORKS ROAD SUITE 140, RALEIGH, NC 27609
Preparer
Rebecca Fisher
Phone
7044993893
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in value - charitable remainder trust -493,169.”

Financial Statement Notes

PART V, LINE 4:

“The foundation's endowment consists of approximately 90 individual donor-restricted funds established for a variety of purposes. The percentage reported for permanent endowments includes amounts that must be maintained in perpetuity, as well as accumulated earnings on those amounts that have not yet been appropriated for expenditure.”

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. Exempt organizations, however, may be subject to income tax on unrelated business income. The foundation had minimal income from unrelated business activities in 2024 and 2023 and was, therefore, not required to file federal form 990-t (exempt organization business income tax return). The foundation believes that it has appropriate support for all tax positions taken and, as such, does not have any uncertain tax positions that are material to the financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in value - charitable remainder trust -493,169.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising expenses to part viii -34,645.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Fundraising expenses -34,645.”

Raw XML AppendixShowing 400 of 776 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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IRS990/Form990PartVIISectionAGrp/TitleTxt24TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
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IRS990/MissionDesc0TO SUPPORT ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE IN ALL OF ITS PROGRAMS AND ACTIVITIES, ENSURING THAT QUALITY EDUCATIONAL OPPORTUNITIES ARE AVAILABLE TO ITS STUDENTS, FACULTY, AND STAFF.
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IRS990/ProgSrvcAccomActy2Grp/Desc0STUDENT SCHOLARSHIPS AND SUPPORT:THE FOUNDATION AWARDED CURRICULUM AND CONTINUING EDUCATION SCHOLARSHIPS TO HELP MEET THE INCREASING FINANCIAL NEED OF A-B TECH COMMUNITY COLLEGE STUDENTS. IN ADDITION, THE FOUNDATION ADMINISTERED A VARIETY OF GRANT-FUNDED PROJECTS ON BEHALF OF A-B TECH COMMUNITY COLLEGE.
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IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER STUDENT SUPPORT:THE FOUNDATION RECOGNIZES THE GROWING EMERGENCY NEEDS OF COMMUNITY COLLEGE STUDENTS. IN PARTNERSHIP WITH OTHER GRANT FUNDERS, THE FOUNDATION CONTINUES TO PROVIDE FINANCIAL SUPPORT FOR EMERGENCY NEEDS SUCH AS TRANSPORTATION, MEDICAL EXPENSES, UTILITIES, UNIFORMS, TOOLS, AND TESTING FEES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt060571
IRS990/ProgSrvcAccomActy3Grp/GrantAmt055625

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