Civic Intelligence

Asheville-Buncombe Technical Community College Foundation Inc.

990 • Fiscal year 2014 • EIN 56-1993458

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 24, 2014

Organization ProfileWWW.ABTECH.EDU
340 Victoria RdAsheville, NC 28801

(828) 254-1921

Siviq Scores

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

Liabilities / Assets

8th percentile

0.00x

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

2014 filings • NTEE B • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

11th percentile

0.01x

Higher debt load relative to revenue than 11% of similar nonprofits.

2014 filings • NTEE B • $10M-$25M nonprofits • Source year 2014

Net Margin

11th percentile

-19%

Higher net margin than 11% of similar nonprofits.

2014 filings • NTEE B • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

25th percentile

$80,000

Higher top officer pay than 25% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

2014 filings • NTEE B • $10M-$25M nonprofits • Source year 2014

Asset Growth

56th percentile

4.6%

Faster asset growth than 56% of similar nonprofits.

2014 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

1st percentile

-88%

Faster revenue growth than 1% of similar nonprofits.

2014 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets8th percentile

Assets

Up

$14,024,526

Up $621,183 (+4.6%) from 2013

Net Assets

Up

$14,014,814

Up $661,970 (+5.0%) from 2013

Liabilities

Down

$9,712

Down $40,787 (-81%) from 2013

Revenue And Expenses
Liabilities / Revenue11th percentileNet Margin11th percentile

Revenue

Down

$747,617

Down $5,284,694 (-88%) from 2013

Expenses

Up

$891,406

Up $30,534 (+3.5%) from 2013

Net Income

Down

-$143,789

Down $5,315,228 (-103%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$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

2014

Assets$14,024,526
Liabilities$9,712
Net Assets$14,014,814
Open 2014 Filing

Operations Trend

Revenue Growth1st 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: $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

2014

Revenue$747,617
Expenses$891,406
Net Income-$143,789
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 24, 2014
Return Version
2013v3.0
Gross Receipts
$786,057
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$6,298,296$5,267,242▼ $1,031,054
Savings and Temporary Cash Investments$1,674,191$2,318,065▲ $643,874
Cash and Non-Interest-Bearing Accounts$28,660$55,721▲ $27,061
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$13,403,343$14,024,526▲ $621,183
Other Assets Total$5,402,196$6,383,498▲ $981,302
Liabilities
Accounts Payable and Accrued Expenses$40,787$0▼ $40,787
Other Liabilities$9,712$9,712→ $0
Total Liabilities$50,499$9,712▼ $40,787
Net Assets / Fund Balance
Temporarily Rstr Net Assets$10,054,554$10,630,443▲ $575,889
Permanently Rstr Net Assets$3,020,127$3,097,284▲ $77,157
Unrestricted Net Assets$278,163$287,087▲ $8,924
Total Net Assets Fund Balance$13,352,844$14,014,814▲ $661,970
Total Liabilities and Net Assets / Fund Balance$13,403,343$14,024,526▲ $621,183

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$23,600$23,600
Other Assets Org$1,725,870--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$3,746,517$50,000▲ $585,750-$4,357,541
2013$4,115,396$331,927▲ $448,280-$3,746,517
2012$4,394,030-▼ $28,985-$4,115,396
2011$3,760,255$25,836▲ $629,224-$4,394,030
2010$3,373,321-▲ $405,953-$3,760,255
Compensation and Service Providers
Top Officer Pay25th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Ms Sue OlesuikExecutive DirectorFT$80,000$80,000

Board Members and Trustees

NameTitle
Mr John EllisChair
Mr Mike KryzanekVice Chair
Dr Dennis KingBoard of Directors
Dr Larry SchulhofBoard of Directors
Dr Sandra ByrdBoard of Directors
Mr Bill MurdockBoard of Directors
Mr Bob RobertsBoard of Directors
Mr Charles FrederickBoard of Directors
Mr Chris YoungBoard of Directors
Mr Darryl HartBoard of Directors
Mr David WyattBoard of Directors
Mr Jack R FergusonBoard of Directors
Mr Jason WallsBoard of Directors
Mr John OswaldBoard of Directors
Mr John WinkenwerderBoard of Directors
Mr Joseph BrumitBoard of Directors
Mr K Ray BaileyBoard of Directors
Mr Ray SpellsBoard of Directors
Mr Richard HurleyBoard of Directors
Mr Robby RussellBoard of Directors
Mr Steven SizemoreBoard of Directors
Mr Thomas MaherBoard of Directors
Mrs Mary Ann RiceBoard of Directors
Mrs Nancy ThomsponBoard of Directors
Mrs Tracy BuchananBoard of Directors
Ms Ann SkoglundBoard of Directors
Ms Kay CrewsBoard of Directors
Ms Pat WoodBoard of Directors
Ms Rhonda DevanBoard of Directors
Revenue and Support

Revenue Composition

Contributions and Grants
$610,903
Program Service Revenue
$0
Investment Income
$104,579
Other Revenue
$32,135
All Other Contributions
$537,246
Change in Net Assets
$-143,789

Audited Revenue Reconciliation

Revenue per Audited Statements
$747,617
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,001,224
Total Revenue per Audited Statements
$1,748,841
Total Revenue per Form 990
$747,617
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$507,591
Other Expenses$383,815
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$507,591--$507,591
Fees for Service Investment Mgmnt Fees-$24,727-$24,727
Office Expenses-$8,458-$8,458
Travel$3,491--$3,491
Conferences and Meetings-$630-$630
Other Expenses$6,997$355-$355
Information Technology-$272-$272
Total Functional Expenses$856,964$34,442$0$891,406

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,086,871
Expenses per Audited Statements$891,406
Total Expenses per Form 990$891,406
Expenses Not Reported on Form 990$195,465
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$70,575
Fundraising Direct Expenses$38,440
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$65,877$65,877$11,710$54,167
Event 2$3,250$3,250-$3,250
Total Events$70,575$70,575$38,440$32,135
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$9,712
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
No
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, Section B, Line 11

“The 990 is prepared by independent accountants, reviewed by management, presented to the executive committee for review, and once it is approved, presented to the entire board for final approval or propsed revision.”

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

“Board members are made aware of the need to disclose conflicts of interest. A board member with a conflict of interest on any specific issue informs the board and abstains from voting on the issue.”

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

“Consistent with the community college laws of north carolina for nonprofit corporations whose sole purpose is to support the community college system, the college provides various resources and services to the foundation. The management and administration of the foundation are carried out by the employees of the college.”

Form 990, Part VI, Section C, Line 18

“Form 1023 and forms 990 are available upon request and on guidestar's website.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

EIN
56-1993458
Phone
8282541921

Signing Officer

Name
Sue Olesiuk
Title
Executive Director
Phone
8282541921
Signed
2014-11-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sue Olesiuk
Formed
1996
Legal Domicile
Nc
Voting Board Members
29
Independent Board Members
29
Employees
0
Volunteers
81

Preparer

Preparer
Chris Chesson
Phone
7048411120
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“In kind expenses -157,025.”

FORM 990, PART XII, LINE 2C:

“EXECUTIVE COMMITTEE”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes under 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 2013 and 2014 and was, therefore, not required to file federal form 990-t (exempt organization business income tax return). The organization 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. The organization's forms 990 for 2011, 2012 and 2013 are subject to examination by the irs, generally for three years after being filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses for events 38,440.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising expenses for events 38,440.”

Raw XML AppendixShowing 400 of 682 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/PersonNm3MR ROBBY RUSSELL
IRS990/Form990PartVIISectionAGrp/PersonNm4DR LARRY SCHULHOF
IRS990/Form990PartVIISectionAGrp/PersonNm5MR RICHARD HURLEY
IRS990/Form990PartVIISectionAGrp/PersonNm6MR JOHN ELLIS
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IRS990/Form990PartVIISectionAGrp/PersonNm26MR JOHN WINKENWERDER
IRS990/Form990PartVIISectionAGrp/PersonNm27MR CHRIS YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm28MR DAVID WYATT
IRS990/Form990PartVIISectionAGrp/PersonNm29MS SUE OLESUIK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2980000
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt6CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt28BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt29EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt038440
IRS990/FundraisingGrossIncomeAmt070575
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt029
IRS990/GovernmentGrantsAmt073657
IRS990/GrantAmt0507591
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0507591
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0507591
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0786057
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt029
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0272
IRS990/InformationTechnologyGrp/TotalAmt0272
IRS990/InvestmentIncomeGrp/ExclusionAmt0104579
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0104579
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt023600
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt023600
IRS990/LegalDomicileStateCd0NC
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE FOUNDATION IS TO SUPPORT ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt013352844
IRS990/NetAssetsOrFundBalancesEOYAmt014014814
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt032135
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt032135
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0785506
IRS990/NoncashContributionsAmt024745
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08458
IRS990/OfficeExpensesGrp/TotalAmt08458
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt06383498
IRS990/OtherChangesInNetAssetsAmt0-157025
IRS990/OtherExpensesGrp/Desc0PERSONNEL GRANT PROJECT
IRS990/OtherExpensesGrp/Desc1EQUIPMENT GIFTED TO COL
IRS990/OtherExpensesGrp/Desc2CONTRACTED SERVICE
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IRS990/OtherExpensesGrp/ProgramServicesAmt0338885
IRS990/OtherExpensesGrp/ProgramServicesAmt16997
IRS990/OtherExpensesGrp/TotalAmt0338885
IRS990/OtherExpensesGrp/TotalAmt16997
IRS990/OtherExpensesGrp/TotalAmt2355
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05267242
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SUE OLESIUK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05930931
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0395096
IRS990/PYInvestmentIncomeAmt073679
IRS990/PYOtherExpensesAmt0465776
IRS990/PYOtherRevenueAmt027701
IRS990/PYProgramServiceRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0860872
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06032311
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-143789
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/CollegeOrganizationInd0X
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt05930931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0934590
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0741508
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0868750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09086682

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,024,526
Liabilities
$9,712
Net assets
$14,014,814
Revenue
$747,617
Expenses
$891,406
Net income
-$143,789
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