Civic Intelligence

Asheville-Buncombe Technical Community College Foundation Inc.

990 • Fiscal year 2015 • EIN 56-1993458

Jul 01, 2014 to Jun 30, 2015 • Filed on May 11, 2016

340 Victoria RoadAsheville, NC 28801

(828) 398-7176

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.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

13th percentile

0.02x

Higher debt load relative to revenue than 13% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Net Margin

18th percentile

-5.3%

Higher net margin than 18% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

67th percentile

$205,677

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 22.5% of source-year revenue.

2015 filings • NTEE B • $10M-$25M nonprofits • Source year 2015

Asset Growth

38th percentile

-0.2%

Faster asset growth than 38% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

71st percentile

22%

Faster revenue growth than 71% of similar nonprofits.

2015 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Down

$13,997,520

Down $27,006 (-0.2%) from 2014

Net Assets

Down

$13,979,433

Down $35,381 (-0.3%) from 2014

Liabilities

Up

$18,087

Up $8,375 (+86%) from 2014

Revenue

Up

$915,344

Up $167,727 (+22%) from 2014

Expenses

Up

$963,435

Up $72,029 (+8.1%) from 2014

Net Income

Up

-$48,091

Up $95,698 (+67%) from 2014

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: $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

2015

Assets$13,997,520
Liabilities$18,087
Net Assets$13,979,433

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: $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

2015

Revenue$915,344
Expenses$963,435
Net Income-$48,091
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 11, 2016
Return Version
2014v6.0
Gross Receipts
$961,390
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
Investments in Publicly Traded Securities$4,357,542$4,976,101▲ $618,559
Pledges and Grants Receivable$5,267,242$4,475,249▼ $791,993
Cash and Non-Interest-Bearing Accounts$55,721$2,444,977▲ $2,389,256
Savings and Temporary Cash Investments$2,318,065$521,494▼ $1,796,571
Prepaid Expenses and Deferred Charges$500--
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$14,024,526$13,997,520▼ $27,006
Other Assets Total$2,025,456$1,579,699▼ $445,757
Liabilities
Escrow Account Liability$9,712$17,604▲ $7,892
Accounts Payable and Accrued Expenses-$483-
Total Liabilities$9,712$18,087▲ $8,375
Net Assets / Fund Balance
Temporarily Rstr Net Assets$10,630,443$10,357,694▼ $272,749
Permanently Rstr Net Assets$3,097,284$3,330,144▲ $232,860
Unrestricted Net Assets$287,087$291,595▲ $4,508
Total Net Assets Fund Balance$14,014,814$13,979,433▼ $35,381
Total Liabilities and Net Assets / Fund Balance$14,024,526$13,997,520▼ $27,006

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$23,600$23,600
Other Assets Org$1,100--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$4,357,541$582,370▲ $59,182-$4,976,099
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Sue OlesiukExecutive DirectorFT$91,068$91,068
Rhonda DevanCFO (began Aug 14)FT$56,552$56,552

Board Members and Trustees

NameTitle
Michael KryzanekChair
Dennis KingPresident (began Aug 14)
Chris YoungVice Chair
Allan GersonBoard Member
Ann SkoglundBoard Member
Bill MurdockBoard Member
Charles FrederickBoard Member
Darryl HartBoard Member
David WyattBoard Member
Jack R FergusonBoard Member
Joe BrumitBoard Member
John EllisBoard Member
John G WinkenwerderBoard Member
John OswaldBoard Member
K Ray BaileyBoard Member
Larry SchulhofBoard Member
Mary Ann RiceBoard Member
Michael MeguiarBoard Member
O'NEAL SHELTONBoard Member
Pat CarverBoard Member
Pat WoodBoard Member
Ray RappBoard Member
Ray SpellsBoard Member
Richard B HurleyBoard Member
Ron StortoBoard Member
Sandra ByrdBoard Member
Steven W SizemoreBoard Member
Thomas MaherBoard Member
Tracy BuchananBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$781,139
Program Service Revenue
$0
Investment Income
$61,881
Other Revenue
$72,324
All Other Contributions
$675,036
Change in Net Assets
$-48,091

Audited Revenue Reconciliation

Revenue per Audited Statements
$763,816
Revenue Not Reported on Financial Statements
$151,528
Revenue Not Reported on Form 990
$356,522
Other Revenue Adjustments
$151,528
Total Revenue per Audited Statements
$1,120,338
Total Revenue per Form 990
$915,344
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$918,203
Other Expenses$45,232
Total Fundraising Expense$10,611
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$484,952--$484,952
Grants to Domestic Orgs$433,251--$433,251
Office Expenses-$9,519$7,915$17,434
Fees for Services Other-$12,042$1,758$13,800
Fees for Services Accounting-$9,400-$9,400
All Other Expenses-$1,524$902$2,426
Advertising-$736-$736
Conferences and Meetings-$735-$735
Travel-$604$36$640
Occupancy-$61-$61
Total Functional Expenses$918,203$34,621$10,611$963,435

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,155,719
Expenses per Audited Statements$963,435
Total Expenses per Form 990$963,435
Expenses Not Reported on Form 990$192,284
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Asheville-buncomber Technical Community College EducationAsheville, NC501(c)(3)Operational Support/reimbursement, Grant Funding, Faculty Professional Development, Student/school Projects, Etc.$433,251
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$91,821
Fundraising Direct Expenses$46,046
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
A-b Tech Invitational Golf Classic$47,541$47,541$16,938$30,603
Autumn in Asheville$44,125$44,125$7,487$36,638
Total Events$91,821$91,821$46,046$45,775
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
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
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 11

The form 990 was provided to every board member prior to filing the return with the irs.

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 votining on the issue.

Form 990, Part VI, Section C, Line 18

The form 1023 and forms 990 are available upon request. In addition, the form 990 is made available online at www.abtech.edu and www.guidestar.org.

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 Community
EIN
56-1993458
Phone
8283987176
Address
340 VICTORIA ROAD, ASHEVILLE, NC 28801

Signing Officer

Name
Dirk Wilmoth
Title
CFO
Phone
8283987176
Signed
2016-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sue Olesiuk
Formed
1996
Legal Domicile
Nc
Voting Board Members
30
Independent Board Members
28
Employees
7
Volunteers
71

Preparer

Firm
Dixon Hughes Goodman Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in split interest agreement -151,528. Change in value of pledge discount 175,581.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 1B:

The foundation maintained the following funds with the community foundation of western north carolina foundation, inc.

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 2014 and 2015 and was, therefore, not required to filed 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 2012 and 2013, and 2014 are subject to examination by the irs.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in value of pledge discount 175,581. Special event expenses in revenues 46,046.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Change in split interest agreement 151,528.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses in revenues 46,046.

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IRS990/Form990PartVIISectionAGrp/PersonNm2K RAY BAILEY
IRS990/Form990PartVIISectionAGrp/PersonNm3JOE BRUMIT
IRS990/Form990PartVIISectionAGrp/PersonNm4TRACY BUCHANAN
IRS990/Form990PartVIISectionAGrp/PersonNm5SANDRA BYRD
IRS990/Form990PartVIISectionAGrp/PersonNm6PAT CARVER
IRS990/Form990PartVIISectionAGrp/PersonNm7JOHN ELLIS
IRS990/Form990PartVIISectionAGrp/PersonNm8JACK R FERGUSON
IRS990/Form990PartVIISectionAGrp/PersonNm9CHARLES FREDERICK
IRS990/Form990PartVIISectionAGrp/PersonNm10ALLAN GERSON
IRS990/Form990PartVIISectionAGrp/PersonNm11DARRYL HART
IRS990/Form990PartVIISectionAGrp/PersonNm12RICHARD B HURLEY
IRS990/Form990PartVIISectionAGrp/PersonNm13THOMAS MAHER
IRS990/Form990PartVIISectionAGrp/PersonNm14MICHAEL MEGUIAR
IRS990/Form990PartVIISectionAGrp/PersonNm15BILL MURDOCK
IRS990/Form990PartVIISectionAGrp/PersonNm16JOHN OSWALD
IRS990/Form990PartVIISectionAGrp/PersonNm17RAY RAPP
IRS990/Form990PartVIISectionAGrp/PersonNm18MARY ANN RICE
IRS990/Form990PartVIISectionAGrp/PersonNm19LARRY SCHULHOF
IRS990/Form990PartVIISectionAGrp/PersonNm20O'NEAL SHELTON
IRS990/Form990PartVIISectionAGrp/PersonNm21STEVEN W SIZEMORE
IRS990/Form990PartVIISectionAGrp/PersonNm22ANN SKOGLUND
IRS990/Form990PartVIISectionAGrp/PersonNm23RAY SPELLS
IRS990/Form990PartVIISectionAGrp/PersonNm24RON STORTO
IRS990/Form990PartVIISectionAGrp/PersonNm25JOHN G WINKENWERDER
IRS990/Form990PartVIISectionAGrp/PersonNm26PAT WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm27DAVID WYATT
IRS990/Form990PartVIISectionAGrp/PersonNm28DENNIS KING
IRS990/Form990PartVIISectionAGrp/PersonNm29RHONDA DEVAN
IRS990/Form990PartVIISectionAGrp/PersonNm30SUE OLESIUK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
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
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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/ReportableCompFromRltdOrgAmt28173063
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2946947
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3074071
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt25BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt26BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt27BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt28PRESIDENT (BEGAN AUG 14)
IRS990/Form990PartVIISectionAGrp/TitleTxt29CFO (BEGAN AUG 14)
IRS990/Form990PartVIISectionAGrp/TitleTxt30EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingDirectExpensesAmt046046
IRS990/FundraisingGrossIncomeAmt091821
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt030
IRS990/GovernmentGrantsAmt0106103
IRS990/GrantAmt0918203
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0484952
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0484952
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0433251
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0433251
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0961390
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt028
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt061881
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt061881
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04357542
IRS990/InvestmentsPubTradedSecGrp/EOYAmt04976101
IRS990/IRPDocumentCnt03
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 IN ALL OF ITS PROGRAMS AND ACTIVITIES TO ENSURE THAT QUALITY EDUCATIONAL OPPORTUNITIES ARE AVAILABLE TO ITS STUDENTS, FACULTY AND STAFF.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt013979433
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt045775
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt045775
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/TotalAmt061
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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt09519
IRS990/OfficeExpensesGrp/TotalAmt017434
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt01579699
IRS990/OtherChangesInNetAssetsAmt024053
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt026549
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt026549
IRS990/OtherRevenueTotalAmt026549
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03097284
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03330144
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05267242
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04475249
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0500
IRS990/PrincipalOfficerNm0SUE OLESIUK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0610903
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0507591
IRS990/PYInvestmentIncomeAmt0104579
IRS990/PYOtherExpensesAmt0383815
IRS990/PYOtherRevenueAmt032135
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-143789
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0891406
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0747617
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00

Document Assets

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Filings

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