Civic Intelligence

Asheville-Buncombe Technical Community College Foundation Inc.

990 • Fiscal year 2016 • EIN 56-1993458

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

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

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

9th percentile

0.01x

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

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Net Margin

5th percentile

-52%

Higher net margin than 5% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2016 filings • NTEE B • $10M-$25M nonprofits • Source year 2016

Asset Growth

12th percentile

-6.4%

Faster asset growth than 12% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

90th percentile

30%

Faster revenue growth than 90% of similar nonprofits.

2016 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$13,108,609

Down $888,911 (-6.4%) from 2015

Net Assets

Down

$13,099,215

Down $880,218 (-6.3%) from 2015

Liabilities

Down

$9,394

Down $8,693 (-48%) from 2015

Revenue

Up

$1,192,275

Up $276,931 (+30%) from 2015

Expenses

Up

$1,806,301

Up $842,866 (+87%) from 2015

Net Income

Down

-$614,026

Down $565,935 (-1177%) from 2015

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

2016

Assets$13,108,609
Liabilities$9,394
Net Assets$13,099,215

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

2016

Revenue$1,192,275
Expenses$1,806,301
Net Income-$614,026
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$1,239,036
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.

The mission of the foundation is to support asheville-buncombe technical community college ("a-b tech") 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$4,976,101$5,154,309▲ $178,208
Pledges and Grants Receivable$4,475,249$3,615,675▼ $859,574
Cash and Non-Interest-Bearing Accounts$2,444,977$2,729,969▲ $284,992
Savings and Temporary Cash Investments$521,494--
Total Assets$13,997,520$13,108,609▼ $888,911
Other Assets Total$1,579,699$1,608,656▲ $28,957
Liabilities
Escrow Account Liability$17,604$9,305▼ $8,299
Accounts Payable and Accrued Expenses$483$89▼ $394
Total Liabilities$18,087$9,394▼ $8,693
Net Assets / Fund Balance
Temporarily Rstr Net Assets$10,357,694$9,138,655▼ $1,219,039
Permanently Rstr Net Assets$3,330,144$3,570,647▲ $240,503
Unrestricted Net Assets$291,595$389,913▲ $98,318
Total Net Assets Fund Balance$13,979,433$13,099,215▼ $880,218
Total Liabilities and Net Assets / Fund Balance$13,997,520$13,108,609▼ $888,911

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,543,648--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$4,976,099$350,735▼ $147,595-$5,154,309
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$0▼ $28,985-$4,115,396
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael KryzanekChair
Dennis KingAb-tech College President
Tate GroomeVice Chair
Adam CharnackBoard Member
Allan GersonBoard Member
Ann SkoglundBoard Member
Anthony JohnsonBoard Member
Bill MurdockBoard Member
Charles FrederickBoard Member
Chris YoungBoard Member
Darryl HartBoard Member
Jack R FergusonBoard Member
Joe BrumitBoard Member
John OswaldBoard Member
K Ray BaileyBoard Member
Lary SchulhofBoard Member
Marcus CoxBoard Member
Mary Ann RiceBoard Member
Michael MeguiarBoard Member
Mr John EllisBoard 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
Shea ClineBoard Member
Steven W SizemoreBoard Member
Thomas MaherBoard Member
Sue OlesiukExecutive Director
Dirk WilmothCFO of Ab-tech College
Revenue and Support

Revenue Composition

Contributions and Grants
$1,037,796
Program Service Revenue
$0
Investment Income
$81,516
Other Revenue
$72,963
All Other Contributions
$1,017,146
Change in Net Assets
$-614,026

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,192,275
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-59,544
Total Revenue per Audited Statements
$1,132,731
Total Revenue per Form 990
$1,192,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,497,828
Other Expenses$308,473
Total Fundraising Expense$19,116
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$926,774--$926,774
Grants to Domestic Individuals$571,054--$571,054
All Other Expenses$15,949-$7,440$23,389
Other Expenses$14,775$19,967$11,676$11,676
Office Expenses-$5,724-$5,724
Advertising-$3,229-$3,229
Total Functional Expenses$1,758,265$28,920$19,116$1,806,301

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,012,949
Expenses per Audited Statements$1,806,301
Total Expenses per Form 990$1,806,301
Expenses Not Reported on Form 990$206,648
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
A-b Tech Community CollegeAsheville, NC115Operational Support and Assistance-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$111,115
Fundraising Direct Expenses$46,761
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Autumn in Asheville$65,580$65,580$7,758$57,822
Golf Classic$66,185$45,535$15,957$29,578
Total Events$131,765$111,115$46,761$64,354
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
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 form 990 is provided to every board member prior to filing the return with the irs.

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/reappointment. During the session, board members fill out a conflict of interest disclosure statement stating their name, employer, position, and affiliated organizations. Directors with a conflict shall disclose the conflict at the meeting and refrain from voting on the matter related to the conflict.

Form 990, Part VI, Section B, Line 15

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

Signing Officer

Name
Dirk Wilmoth
Title
CFO
Phone
8283987176
Signed
2017-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sue Olesiuk
Formed
1996
Legal Domicile
Nc
Voting Board Members
32
Independent Board Members
30
Employees
0
Volunteers
89

Preparer

Firm
Cherry Bekaert Llp
Address
1111 METROPOLITAN AVE STE 1000, CHARLOTTE, NC 28204
Preparer
Rachel Gibbons
Phone
7043771678
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value-charitable remainder trusts -30,694.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

The organization holds various funds for others.

PART V, LINE 4:

The foundation's endowment consists of 69 individual donor-restricted funds established for a variety of purposes.

PART X, LINE 2:

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 trusts -30,694. Special event expenses reported net of special event revenue 46,761.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses reported net of special event revenue 46,761.

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IRS990/Form990PartVIISectionAGrp/PersonNm19MARY ANN RICE
IRS990/Form990PartVIISectionAGrp/PersonNm20LARY SCHULHOF
IRS990/Form990PartVIISectionAGrp/PersonNm21O'NEAL SHELTON
IRS990/Form990PartVIISectionAGrp/PersonNm22STEVEN W SIZEMORE
IRS990/Form990PartVIISectionAGrp/PersonNm23ANN SKOGLUND
IRS990/Form990PartVIISectionAGrp/PersonNm24RAY SPELLS
IRS990/Form990PartVIISectionAGrp/PersonNm25RON STORTO
IRS990/Form990PartVIISectionAGrp/PersonNm26PAT WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm27CHRIS YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm28MICHAEL KRYZANEK
IRS990/Form990PartVIISectionAGrp/PersonNm29TATE GROOME
IRS990/Form990PartVIISectionAGrp/PersonNm30DENNIS KING
IRS990/Form990PartVIISectionAGrp/PersonNm31DIRK WILMOTH
IRS990/Form990PartVIISectionAGrp/PersonNm32SUE OLESIUK
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt260
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt320
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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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/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt320
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
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/TitleTxt28CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt29VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt30AB-TECH COLLEGE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt31CFO OF AB-TECH COLLEGE
IRS990/Form990PartVIISectionAGrp/TitleTxt32EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt020650
IRS990/FundraisingDirectExpensesAmt046761
IRS990/FundraisingGrossIncomeAmt0111115
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt032
IRS990/GrantAmt0926774
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0571054
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0571054
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0926774
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0926774
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01239036
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt030
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt081516
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt081516
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt04976101
IRS990/InvestmentsPubTradedSecGrp/EOYAmt05154309
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt013979433
IRS990/NetAssetsOrFundBalancesEOYAmt013099215
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt064354
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt064354
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-235498
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt014399
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt05724
IRS990/OfficeExpensesGrp/TotalAmt05724
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01579699
IRS990/OtherAssetsTotalGrp/EOYAmt01608656
IRS990/OtherChangesInNetAssetsAmt0-30694
IRS990/OtherExpensesGrp/Desc0COLLEGE PERSONNEL COSTS
IRS990/OtherExpensesGrp/Desc1GRANT FUNDED EXPENSES
IRS990/OtherExpensesGrp/Desc2STUDENT COMPETITIONS
IRS990/OtherExpensesGrp/Desc3SCHOLARSHIP LUNCH
IRS990/OtherExpensesGrp/FundraisingAmt011676
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019967
IRS990/OtherExpensesGrp/ProgramServicesAmt0105660
IRS990/OtherExpensesGrp/ProgramServicesAmt1124053
IRS990/OtherExpensesGrp/ProgramServicesAmt214775
IRS990/OtherExpensesGrp/TotalAmt0125627
IRS990/OtherExpensesGrp/TotalAmt1124053
IRS990/OtherExpensesGrp/TotalAmt214775
IRS990/OtherExpensesGrp/TotalAmt311676
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/ExclusionAmt08609
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08609
IRS990/OtherRevenueTotalAmt08609
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03330144
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03570647
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04475249
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03615675
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SUE OLESIUK
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0IN ORDER TO ASSIST IN MEETING THE INCREASING FINANCIAL NEED OF A-B TECH COMMUNITY COLLEGE STUDENTS, THE FOUNDATION AWARDED CURRICULUM SCHOLARSHIPS AND PROVIDED STUDENT EMERGENCY AID.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0522662

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