Civic Intelligence

Greensboro College Foundation

EIN 56-2077641 • 501(c)3 • Greensboro, NC

Profile

To support the exempt purposes of greensboro college.

815 West Market StreetGreensboro, NC 27401

n/A

Siviq Scores

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

Liabilities / Assets

59th percentile

0.12x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

6.81x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

3rd percentile

-135%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

60th percentile

7.7%

Faster asset growth than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

44th percentile

4.0%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,897,296

Up $136,166 (+7.7%) from 2023

Liabilities

Up

$228,646

Up $5,559 (+2.5%) from 2023

Net Assets

Up

$1,668,650

Up $130,607 (+8.5%) from 2023

Revenue

Up

$33,568

Up $1,290 (+4.0%) from 2023

Expenses

Up

$78,982

Up $755 (+1.0%) from 2023

Net Income

Up

-$45,414

Up $535 (+1.2%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $1,275,355Liabilities 2010: $241,978Net Assets 2010: $1,033,3772010Assets 2011: $1,547,975Liabilities 2011: $238,650Net Assets 2011: $1,309,3252011Assets 2012: $1,529,926Liabilities 2012: $219,779Net Assets 2012: $1,310,1472012Assets 2013: $1,174,744Liabilities 2013: $241,650Net Assets 2013: $933,0942013Assets 2014: $1,302,045Liabilities 2014: $156,526Net Assets 2014: $1,145,5192014Assets 2015: $1,325,215Liabilities 2015: $159,404Net Assets 2015: $1,165,8112015Assets 2016: $1,270,298Liabilities 2016: $159,501Net Assets 2016: $1,110,7972016Assets 2017: $1,493,853Liabilities 2017: $180,517Net Assets 2017: $1,313,3362017Assets 2018: $1,564,671Liabilities 2018: $206,589Net Assets 2018: $1,358,0822018Assets 2019: $1,602,270Liabilities 2019: $198,507Net Assets 2019: $1,403,7632019Assets 2020: $1,586,234Liabilities 2020: $193,626Net Assets 2020: $1,392,6082020Assets 2021: $2,009,357Liabilities 2021: $200,635Net Assets 2021: $1,808,7222021Assets 2022: $1,651,066Liabilities 2022: $218,693Net Assets 2022: $1,432,3732022Assets 2023: $1,761,130Liabilities 2023: $223,087Net Assets 2023: $1,538,0432023Assets 2024: $1,897,296Liabilities 2024: $228,646Net Assets 2024: $1,668,6502024

Highlighted filing

2024

Assets$1,897,296
Liabilities$228,646
Net Assets$1,668,650

Operations Trend

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

$150K$100K$50K$0-$50K-$100KExpenses 2010: $02010Revenue 2011: $73,714Expenses 2011: $41,893Net Income 2011: $31,8212011Expenses 2012: $41,4132012Expenses 2013: $39,1742013Revenue 2014: $55,602Expenses 2014: $28,119Net Income 2014: $27,4832014Revenue 2015: $39,679Expenses 2015: $21,121Net Income 2015: $18,5582015Revenue 2016: $52,706Expenses 2016: $19,838Net Income 2016: $32,8682016Revenue 2017: $123,040Expenses 2017: $18,509Net Income 2017: $104,5312017Revenue 2018: $79,269Expenses 2018: $56,537Net Income 2018: $22,7322018Revenue 2019: $101,223Expenses 2019: $56,555Net Income 2019: $44,6682019Revenue 2020: $85,103Expenses 2020: $60,962Net Income 2020: $24,1412020Revenue 2021: $119,315Expenses 2021: $54,204Net Income 2021: $65,1112021Revenue 2022: $26,147Expenses 2022: $91,272Net Income 2022: -$65,1252022Revenue 2023: $32,278Expenses 2023: $78,227Net Income 2023: -$45,9492023Revenue 2024: $33,568Expenses 2024: $78,982Net Income 2024: -$45,4142024

Highlighted filing

2024

Revenue$33,568
Expenses$78,982
Net Income-$45,414

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.90$0.23$1.67$0.03$0.08$0.05
2023Detailed filing. Detailed filing data is available for this year.$1.76$0.22$1.54$0.03$0.08$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.65$0.22$1.43$0.03$0.09$0.07
2021Detailed filing. Detailed filing data is available for this year.$2.01$0.20$1.81$0.12$0.05$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.59$0.19$1.39$0.09$0.06$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.60$0.20$1.40$0.10$0.06$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.56$0.21$1.36$0.08$0.06$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.49$0.18$1.31$0.12$0.02$0.10
2016Detailed filing. Detailed filing data is available for this year.$1.27$0.16$1.11$0.05$0.02$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.33$0.16$1.17$0.04$0.02$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.30$0.16$1.15$0.06$0.03$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.24$0.93$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.53$0.22$1.31$0.04
2011Summary only. Only limited summary data is available for this year.$1.55$0.24$1.31$0.07$0.04$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.28$0.24$1.03$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 25, 2025
Return Version
2023v6.0
Gross Receipts
$33,568
Mission and Program Overview

Mission

To support the exempt purposes of greensboro college.

Greensboro college foundation was formed to support the exempt purposes of greensboro college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,761,130$1,897,296▲ $136,166
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,761,130$1,897,296▲ $136,166
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$223,087$228,646▲ $5,559
Total Liabilities$223,087$228,646▲ $5,559
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,538,043$1,668,650▲ $130,607
Total Net Assets Fund Balance$1,538,043$1,668,650▲ $130,607
Total Liabilities and Net Assets / Fund Balance$1,761,130$1,897,296▲ $136,166

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$1,578,712-▲ $209,590-$1,709,319
2022$1,473,040-▲ $183,899-$1,578,712
2021$1,849,389-▼ $285,077-$1,473,040
2020$1,433,277-▲ $470,317-$1,849,389
2019$1,403,763-▲ $49,808-$1,433,277
Compensation and Service Providers

Employees

NameTitleOtherTotal
Chris ElmoreSecond Vice President, VP$135,684$135,684
Anne HurdSecretary, VP of Advancement$134,185$134,185

Board Members and Trustees

NameTitle
Ms Beth FonnorrowPresident
Lynn LaneFirst Vice President
Thomas ClawsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$33,568
Other Revenue
$0
Change in Net Assets
$-45,414
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$71,218
Other Expenses$7,764
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$71,218--$71,218
Other Expenses$7,764--$7,764
Total Functional Expenses$78,982$0$0$78,982
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Greensboro CollegeGreensboro, NC501(c)(3)Scholarship Support$71,218
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Gc$195,415
Annuities Payable$33,231
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15

The foundation does not compensate any of its officers, methods for determining compensation for officers and top management are performed according to the college's policies and procedures.

Form 990, Part VI, Line 18

Recent filings of the form 990 are available online at www.guidestar.org.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The members of the board of directors of the greensboro college foundation are elected by the board of trustees of the college.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The VP of Finance performed an initial review of the completed 990. The 990 was then provided to all Board Members electronically prior to filing. The return was discussed at a subsequent board meeting.

Form 990, Part VI, Line 12C Conflict of interest policy

Board members are required to annually fill out a questionnaire disclosing any potential relationship conflicts. It is the responsibility of the board member to disclose any potential issues that may cause conflict when voting at board meetings.

Form 990, Part VI, Line 19 Required documents available to the public

The organization's governing documents, financial statements and conflict of interest policy are made available to the public by request. The financial statements are also on reserve in the college library.

Filing and Contact Details

Filer

Filer Name
Greensboro College Foundation
EIN
56-2077641
Phone
3362727102
Address
815 WEST MARKET STREET, GREENSBORO, NC 27401

Signing Officer

Name
Lawrence Czarda
Title
President
Phone
3362727102
Signed
2025-09-25
Discuss with paid preparer
Yes

Organization Details

Formed
1997
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Change in value of split interest agreement - 489;

Form 990, Part XII, Line 2C Change of oversight process or selection process

This process has not changed from the prior year.

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The income from the endowment investments in perpetuity is available for instruction, scholarships, and operations of greensboro college.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Income taxes- the college is exempt from federal income taxes under internal revenue code section 501(c)(3). Accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. The college has determined that it does not have any material unrecognized tax benefits or obligations as of june 30, 2024.

Raw XML AppendixShowing 400 of 441 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/TitleTxt1Second Vice President, VP
IRS990/Form990PartVIISectionAGrp/TitleTxt2FIRST VICE PRESIDENT
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO GC
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INCOME FROM THE ENDOWMENT INVESTMENTS IN PERPETUITY IS AVAILABLE FOR INSTRUCTION, SCHOLARSHIPS, AND OPERATIONS OF GREENSBORO COLLEGE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCOME TAXES- THE COLLEGE IS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE COLLEGE HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part V, Line 4 Intended uses of endowment funds
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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IRS990ScheduleI/RecipientTable/CashGrantAmt071218
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIP SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0GREENSBORO COLLEGE
IRS990ScheduleI/RecipientTable/RecipientEIN0560532144
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0815 W MARKET STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GREENSBORO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NC
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd027401
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION WAS ESTABLISHED TO SUPPORT GREENSBORO COLLEGE. THE FOUNDATION BOARD CONSISTS OF GREENSBORO COLLEGE TRUSTEES AND OFFICER REPRESENTATIVES. THROUGH THIS CONNECTION FUNDS ARE REQUESTED AND DISBURSED TO MEET THE NEEDS OF THE COLLEGE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION DOES NOT COMPENSATE ANY OF ITS OFFICERS, METHODS FOR DETERMINING COMPENSATION FOR OFFICERS AND TOP MANAGEMENT ARE PERFORMED ACCORDING TO THE COLLEGE'S POLICIES AND PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RECENT FILINGS OF THE FORM 990 ARE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMBERS OF THE BOARD OF DIRECTORS OF THE GREENSBORO COLLEGE FOUNDATION ARE ELECTED BY THE BOARD OF TRUSTEES OF THE COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The VP of Finance performed an initial review of the completed 990. The 990 was then provided to all Board Members electronically prior to filing. The return was discussed at a subsequent board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS ARE REQUIRED TO ANNUALLY FILL OUT A QUESTIONNAIRE DISCLOSING ANY POTENTIAL RELATIONSHIP CONFLICTS. IT IS THE RESPONSIBILITY OF THE BOARD MEMBER TO DISCLOSE ANY POTENTIAL ISSUES THAT MAY CAUSE CONFLICT WHEN VOTING AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC BY REQUEST. THE FINANCIAL STATEMENTS ARE ALSO ON RESERVE IN THE COLLEGE LIBRARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT - 489;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part XI, Line 9 Other changes in net assets or fund balances
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2c Change of oversight process or selection process
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