Civic Intelligence

Asheville-Buncombe Technical Community College Foundation Inc.

990 • Fiscal year 2021 • EIN 56-1993458

Jul 01, 2020 to Jun 30, 2021 • Filed on May 07, 2022

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

13th percentile

0.01x

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

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

18th percentile

0.04x

Higher debt load relative to revenue than 18% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Net Margin

84th percentile

35%

Higher net margin than 84% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

28th percentile

$84,320

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2021 filings • NTEE B • $10M-$25M nonprofits • Source year 2021

Asset Growth

60th percentile

17%

Faster asset growth than 60% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

89th percentile

73%

Faster revenue growth than 89% of similar nonprofits.

2021 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$16,190,574

Up $2,320,764 (+17%) from 2020

Net Assets

Up

$16,107,110

Up $2,483,291 (+18%) from 2020

Liabilities

Down

$83,464

Down $162,527 (-66%) from 2020

Revenue

Up

$1,934,731

Up $814,272 (+73%) from 2020

Expenses

Down

$1,252,239

Down $399,961 (-24%) from 2020

Net Income

Up

$682,492

Up $1,214,233 (+228%) from 2020

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

2021

Assets$16,190,574
Liabilities$83,464
Net Assets$16,107,110

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

2021

Revenue$1,934,731
Expenses$1,252,239
Net Income$682,492
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 7, 2022
Return Version
2020v4.2
Gross Receipts
$1,951,200
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 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 Other Securities$7,898,283$9,637,551▲ $1,739,268
Pledges and Grants Receivable$1,784,290$2,372,776▲ $588,486
Savings and Temporary Cash Investments$2,273,501$2,334,145▲ $60,644
Cash and Non-Interest-Bearing Accounts$138,869$69,522▼ $69,347
Land, Buildings, and Equipment, Net$8,548--
Total Assets$13,869,810$16,190,574▲ $2,320,764
Other Assets Total$1,766,319$1,776,580▲ $10,261
Liabilities
Accounts Payable and Accrued Expenses$245,991$83,464▼ $162,527
Total Liabilities$245,991$83,464▼ $162,527
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,918,321$15,222,009▲ $2,303,688
Net Assets Without Donor Restrictions$705,498$885,101▲ $179,603
Total Net Assets Fund Balance$13,623,819$16,107,110▲ $2,483,291
Total Liabilities and Net Assets / Fund Balance$13,869,810$16,190,574▲ $2,320,764

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,776,580--
Other Securities$9,637,551--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$6,642,383$56,250▲ $1,647,932-$8,074,402
2020$6,773,747$83,164▲ $27,533-$6,642,383
2019$6,615,164$154,718▲ $185,558-$6,773,747
2018$5,799,573$591,255▲ $370,636-$6,615,164
2017$5,154,309$88,074▲ $706,498-$5,799,573
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amanda EdwardsExecutive DirectorFT$79,051$5,269$84,320

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,671,904
Program Service Revenue
$0
Investment Income
$263,496
Other Revenue
$-669
All Other Contributions
$1,528,789
Change in Net Assets
$682,492

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,876,257
Revenue Not Reported on Financial Statements
$58,474
Revenue Not Reported on Form 990
$2,146,320
Total Revenue per Audited Statements
$4,022,577
Total Revenue per Form 990
$1,934,731
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$683,061
Grants and Similar Amounts Paid$569,178
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$503,406--$503,406
All Other Expenses$120,027--$120,027
Other Expenses$77,976--$77,976
Grants to Domestic Orgs$65,772--$65,772
Fees for Service Investment Mgmnt Fees-$58,474-$58,474
Information Technology-$46,122-$46,122
Office Expenses-$19,092-$19,092
Fees for Services Accounting-$16,500-$16,500
Advertising-$1,305-$1,305
Total Functional Expenses$1,110,746$141,493$0$1,252,239

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,539,286
Total Expenses per Form 990$1,252,239
Expenses per Audited Statements$1,193,765
Expenses Not Reported on Form 990$345,521
Expenses Not Reported on Financial Statements$58,474
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
A-b Tech Community CollegeAsheville, NC170(c)(1)Operational Support and Assistance-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$16,469
Fundraising Gross Income$15,800
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$43,605$12,450$801$11,649
Autumn in Asheville$15,765$3,350$1,252$2,098
Total Events$59,370$15,800$16,469$-669
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 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
Yes
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 11B

The form 990 is reviewed by the foundation finance and executive committees. A public disclosure copy of the form 990 is presented to the full board for approval.

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.

FORM 990, PART VII:

Compensation reported in part vii for amanda edwards is paid by the college. Since the amounts paid were for services to the foundation and the college does not meet the irs definition of related organization, the amounts have been reported as if they were paid by the foundation in accordance with the form 990 instructions.

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
Ronald Storto
Title
Treasurer
Phone
8283987176
Signed
2022-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Edwards
Formed
1996
Legal Domicile
Nc
Voting Board Members
29
Independent Board Members
29
Employees
0
Volunteers
18

Preparer

Firm
Cherry Bekaert Llp
Address
1111 METROPOLITAN AVE STE 900, CHARLOTTE, NC 28204
Preparer
Amanda Adams
Phone
7043771678
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in value - charitable remainder trusts 33,327.

Financial Statement Notes

PART V, LINE 4:

The foundation's endowment consists of approximately 70 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 such 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 irc. Exempt organizations, however, may be subject to income tax on unrelated business income. The foundation had minimal income from unrelated business activities in 2021 and 2020 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:

Special event expenses reported net of special event revenue 16,469. Change in value - charitable remainder trusts 33,327.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event expenses reported net of special event revenue 16,469.

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IRS990/Form990PartVIISectionAGrp/PersonNm23LARY SCHULHOF
IRS990/Form990PartVIISectionAGrp/PersonNm24WILLIAM SEDERBURG
IRS990/Form990PartVIISectionAGrp/PersonNm25O'NEAL SHELTON
IRS990/Form990PartVIISectionAGrp/PersonNm26ANN SKOGLUND
IRS990/Form990PartVIISectionAGrp/PersonNm27WHITNEY WHITSON
IRS990/Form990PartVIISectionAGrp/PersonNm28DIRK WILMOTH
IRS990/Form990PartVIISectionAGrp/PersonNm29AMANDA EDWARDS
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
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2984086
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/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt043570
IRS990/FundraisingDirectExpensesAmt016469
IRS990/FundraisingGrossIncomeAmt015800
IRS990/GainOrLossGrp/SecuritiesAmt0157172
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt029
IRS990/GovernmentGrantsAmt099545
IRS990/GrantAmt065772
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0503406
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0503406
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt065772
IRS990/GrantsToDomesticOrgsGrp/TotalAmt065772
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0157172
IRS990/GrossReceiptsAmt01951200
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt029
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt046122
IRS990/InformationTechnologyGrp/TotalAmt046122
IRS990/InvestmentIncomeGrp/ExclusionAmt0106324
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0106324
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07898283
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt09637551
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08548
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
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/NetAssetsOrFundBalancesBOYAmt013623819
IRS990/NetAssetsOrFundBalancesEOYAmt016107110
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0157172
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0157172
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-669
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-669
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01767472
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0705498
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0885101
IRS990/NoncashContributionsAmt021612
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019092
IRS990/OfficeExpensesGrp/TotalAmt019092
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01766319
IRS990/OtherAssetsTotalGrp/EOYAmt01776580
IRS990/OtherChangesInNetAssetsAmt033327
IRS990/OtherExpensesGrp/Desc0SKILLS TRAINING PROGRAM
IRS990/OtherExpensesGrp/Desc1UPSKILL PROGRAM
IRS990/OtherExpensesGrp/Desc2IVY PROJECT EXPENSES
IRS990/OtherExpensesGrp/Desc3PROJECT EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt0146997
IRS990/OtherExpensesGrp/ProgramServicesAmt1105725
IRS990/OtherExpensesGrp/ProgramServicesAmt290843
IRS990/OtherExpensesGrp/ProgramServicesAmt377976
IRS990/OtherExpensesGrp/TotalAmt0146997
IRS990/OtherExpensesGrp/TotalAmt1105725
IRS990/OtherExpensesGrp/TotalAmt290843
IRS990/OtherExpensesGrp/TotalAmt377976
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01784290
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02372776
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0AMANDA EDWARDS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0STUDENT SCHOLARSHIPS AND SUPPORT: THE FOUNDATION AWARDED CURRICULUM AND CONTINUING EDUCATION SCHOLARSHIPS IN ORDER TO MEET THE INCREASING FINANCIAL NEED OF A-B TECH COMMUNITY COLLEGE STUDENTS. THE FOUNDATION ALSO ADMINISTERED A VARIETY OF GRANT-FUNDED PROJECTS ON BEHALF OF A-B TECH COMMUNITY COLLEGE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0495273
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0472756
IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER STUDENT SUPPORT: THE FOUNDATION RECOGNIZES THE INCREASING EMERGENCY NEEDS OF THE COMMUNITY COLLEGE STUDENTS. THE FOUNDATION ALONG WITH OTHER GRANT FUNDERS CONTINUE TO PROVIDE MONETARY SUPPORT FOR THESE EMERGENCY FUNDS NEEDS, SUCH AS TRANSPORTATION, MEDICAL, UTILITIES, UNIFORMS, TOOLS, AND TESTING FEES.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt077626
IRS990/ProgSrvcAccomActy3Grp/GrantAmt013904
IRS990/ProgSrvcAccomActyOtherGrp/Desc0PROFESSIONAL DEVELOPMENT - THE FOUNDATION CONTINUES TO SUPPORT THE NEEDS OF ADDITIONAL STAFF, FACULTY AND ADJUNCT TRAINING THROUGH ANNUAL AWARDS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt016747
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt016747
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0878185
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0987286

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