Civic Intelligence

College Foundation Inc.

990 • Fiscal year 2010 • EIN 56-6046937

Jul 01, 2009 to Jun 30, 2010 • Filed on Feb 09, 2011

Organization Profilewww.cfnc.org

View Organization Page

PO Box 4196627629-1966
Siviq Scores

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

Liabilities / Assets

47th percentile

0.36x

Higher debt load relative to assets than 47% of similar nonprofits.

2010 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets47th percentile

Assets

$53,713,529

No earlier filing loaded for comparison.

Net Assets

$34,372,943

No earlier filing loaded for comparison.

Liabilities

$19,340,586

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$32,846,638

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$60M$40M$20M$0Assets 2010: $53,713,529Liabilities 2010: $19,340,586Net Assets 2010: $34,372,9432010Assets 2011: $53,394,201Liabilities 2011: $18,116,028Net Assets 2011: $35,278,1732011Assets 2012: $50,322,123Liabilities 2012: $14,452,256Net Assets 2012: $35,869,8672012Assets 2013: $49,591,899Liabilities 2013: $12,403,217Net Assets 2013: $37,188,6822013Assets 2014: $49,499,785Liabilities 2014: $12,308,447Net Assets 2014: $37,191,3382014Assets 2015: $48,922,972Liabilities 2015: $12,623,468Net Assets 2015: $36,299,5042015Assets 2016: $51,469,402Liabilities 2016: $14,651,042Net Assets 2016: $36,818,3602016Assets 2017: $51,277,043Liabilities 2017: $13,483,812Net Assets 2017: $37,793,2312017Assets 2018: $51,292,354Liabilities 2018: $11,984,427Net Assets 2018: $39,307,9272018Assets 2019: $51,427,610Liabilities 2019: $11,630,961Net Assets 2019: $39,796,6492019Assets 2020: $51,700,629Liabilities 2020: $11,856,547Net Assets 2020: $39,844,0822020Assets 2021: $52,338,286Liabilities 2021: $9,112,664Net Assets 2021: $43,225,6222021Assets 2022: $54,729,699Liabilities 2022: $14,515,019Net Assets 2022: $40,214,6802022Assets 2023: $52,501,264Liabilities 2023: $7,424,427Net Assets 2023: $45,076,8372023Assets 2024: $51,135,122Liabilities 2024: $2,099,341Net Assets 2024: $49,035,7812024Assets 2025: $55,777,315Liabilities 2025: $6,178,557Net Assets 2025: $49,598,7582025

Highlighted filing

2010

Assets$53,713,529
Liabilities$19,340,586
Net Assets$34,372,943
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MExpenses 2010: $32,846,6382010Revenue 2011: $30,406,600Expenses 2011: $29,791,331Net Income 2011: $615,2692011Expenses 2012: $29,371,6792012Expenses 2013: $33,354,2992013Revenue 2014: $29,826,106Expenses 2014: $32,062,912Net Income 2014: -$2,236,8062014Revenue 2015: $24,786,966Expenses 2015: $25,539,674Net Income 2015: -$752,7082015Revenue 2016: $25,548,317Expenses 2016: $24,991,688Net Income 2016: $556,6292016Revenue 2017: $26,538,744Expenses 2017: $25,688,254Net Income 2017: $850,4902017Revenue 2018: $28,415,354Expenses 2018: $27,172,267Net Income 2018: $1,243,0872018Revenue 2019: $28,116,782Expenses 2019: $28,397,805Net Income 2019: -$281,0232019Revenue 2020: $28,460,458Expenses 2020: $28,484,911Net Income 2020: -$24,4532020Revenue 2021: $27,866,306Expenses 2021: $26,815,025Net Income 2021: $1,051,2812021Revenue 2022: $28,583,113Expenses 2022: $27,893,424Net Income 2022: $689,6892022Revenue 2023: $31,424,429Expenses 2023: $27,659,962Net Income 2023: $3,764,4672023Revenue 2024: $27,329,303Expenses 2024: $24,977,798Net Income 2024: $2,351,5052024Revenue 2025: $31,717,688Expenses 2025: $32,113,959Net Income 2025: -$396,2712025

Highlighted filing

2010

Revenue-
Expenses$32,846,638
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2009 to Jun 30, 2010
Signed
Feb 9, 2011
Return Version
2009v1.4
Gross Receipts
$32,420,220
Mission and Program Overview

Mission

Our work today makes a better tomorrow by empowering people to achieve their academic goals. We provide financial assistance for higher education to benefit society and strengthen the economy of the state of North Carolina.

Major Activities

Activity 2
The foundation administers the college foundation of north carolina (cfnc) program to coordinate information dissemination efforts to increase access to higher education in north carolina and provide information on planning, applying, and paying for college through a comprehensive website (www.cfnc.org), call center and program information services to schools, colleges and businesses. The cfnc call center received 149,089 calls in the year ended june 30, 2010. The program provided 3,047 specific programs to colleges, k-12 schools and businesses, 29 news releases and public service announcements, 1 communique and 4 other newsletters in the year ended june 30, 2010.
Activity 3
The foundation acts as agent for the nc state education assistance authority in the administration of the state's college savings and investment program which is designed to meet the requirements of a "qualified" tuition program under section 529 of the internal revenue code. This program is the north carolina college savings and investment program (ncsp). The ncsp had 79,914 accounts for 74,513 beneficiaries and a value of $580,219,276 at june 30, 2010. The ncsp received savings plan contributions of $143,245,508 and distributed withdrawals in the amount of $33,112,564 for the year ended june 30, 2010.
Filing and Contact Details

Filer

EIN
56-6046937
Raw XML AppendixShowing 400 of 616 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/Activity2/Description0THE FOUNDATION ADMINISTERS THE COLLEGE FOUNDATION OF NORTH CAROLINA (CFNC) PROGRAM TO COORDINATE INFORMATION DISSEMINATION EFFORTS TO INCREASE ACCESS TO HIGHER EDUCATION IN NORTH CAROLINA AND PROVIDE INFORMATION ON PLANNING, APPLYING, AND PAYING FOR COLLEGE THROUGH A COMPREHENSIVE WEBSITE (WWW.CFNC.ORG), CALL CENTER AND PROGRAM INFORMATION SERVICES TO SCHOOLS, COLLEGES AND BUSINESSES. THE CFNC CALL CENTER RECEIVED 149,089 CALLS IN THE YEAR ENDED JUNE 30, 2010. THE PROGRAM PROVIDED 3,047 SPECIFIC PROGRAMS TO COLLEGES, K-12 SCHOOLS AND BUSINESSES, 29 NEWS RELEASES AND PUBLIC SERVICE ANNOUNCEMENTS, 1 COMMUNIQUE AND 4 OTHER NEWSLETTERS IN THE YEAR ENDED JUNE 30, 2010.
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IRS990/Activity3/Description0THE FOUNDATION ACTS AS AGENT FOR THE NC STATE EDUCATION ASSISTANCE AUTHORITY IN THE ADMINISTRATION OF THE STATE'S COLLEGE SAVINGS AND INVESTMENT PROGRAM WHICH IS DESIGNED TO MEET THE REQUIREMENTS OF A "QUALIFIED" TUITION PROGRAM UNDER SECTION 529 OF THE INTERNAL REVENUE CODE. THIS PROGRAM IS THE NORTH CAROLINA COLLEGE SAVINGS AND INVESTMENT PROGRAM (NCSP). THE NCSP HAD 79,914 ACCOUNTS FOR 74,513 BENEFICIARIES AND A VALUE OF $580,219,276 AT JUNE 30, 2010. THE NCSP RECEIVED SAVINGS PLAN CONTRIBUTIONS OF $143,245,508 AND DISTRIBUTED WITHDRAWALS IN THE AMOUNT OF $33,112,564 FOR THE YEAR ENDED JUNE 30, 2010.
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IRS990/ActivityOrMissionDescription0OUR WORK TODAY MAKES A BETTER TOMORROW BY EMPOWERING PEOPLE TO ACHIEVE THEIR ACADEMIC GOALS. WE PROVIDE FINANCIAL ASSISTANCE FOR HIGHER EDUCATION TO BENEFIT SOCIETY AND STRENGTHEN THE ECONOMY OF THE STATE OF NORTH CAROLINA.
IRS990/ActivityOther/Description01. NORTH CAROLINA STATE INCENTIVE GRANT PROGRAM: IN 1975, THE PROGRAM WAS AUTHORIZED, UNDER PART A, TITLE IV, OF THE HEA TO MAKE INCENTIVE GRANTS AVAILABLE TO ASSIST STATES IN PROVIDING GRANT ASSISTANCE TO ELIGIBLE STUDENTS. IN 1998, CONGRESS CHANGED THE NAME OF THE SUBPART TO "LEVERAGING EDUCATIONAL ASSISTANCE PARTNERSHIP PROGRAM." STUDENT AWARDS, WHICH ARE DISBURSED BY THE FOUNDATION, ARE A COMBINATION OF FEDERAL AND STATE FUNDS. THE FOUNDATION ADMINISTERS THIS PROGRAM AS AGENT FOR THE N.C. STATE EDUCATION ASSISTANCE AUTHORITY.2. N.C. COMMUNITY COLLEGE GRANT PROGRAM: THE FOUNDATION ACTS AS AGENT FOR THE N.C. STATE EDUCATION ASSISTANCE AUTHORITY WHICH HAS A CONTRACT WITH THE STATE BOARD OF COMMUNITY COLLEGES TO ADMINISTER THIS PROGRAM ESTABLISHED BY THE N.C. GENERAL ASSEMBLY IN JULY 1999. THIS PROGRAM PROVIDES NEED-BASED GRANTS FROM STATE FUNDS TO STUDENTS ENROLLED IN THE STATE'S COMMUNITY COLLEGES. THE FOUNDATION DETERMINES THE ELIGIBILITY OF STUDENTS, OBTAINS CERTIFICATIONS FROM THE COLLEGES, AND MAKES THE DISBURSEMENTS TO THE COLLEGES. ROSTERS ARE PROVIDED TO THE COMMUNITY COLLEGE SYSTEM OFFICE.3. UNC NEED-BASED GRANT PROGRAM: THE PROGRAM WAS FIRST FUNDED BY THE N.C. GENERAL ASSEMBLY IN JULY 1999 AND PROVIDES NEED-BASED GRANTS TO IN-STATE STUDENTS ATTENDING CONSTITUENT INSTITUTIONS OF THE UNIVERSITY OF NORTH CAROLINA. AWARDS CRITERIA FOR THIS PROGRAM ARE SET BY THE N.C. STATE EDUCATION ASSISTANCE AUTHORITY. THE FOUNDATION ADMINISTERS THIS PROGRAM AS AGENT FOR THE N.C. STATE EDUCATION ASSISTANCE AUTHORITY.4. EDUCATION LOTTERY SCHOLARSHIP PROGRAM: THIS PROGRAM WAS CREATED BY THE N.C. GENERAL ASSEMBLY IN 2005 TO PROVIDE SCHOLARSHIPS TO NEEDY N.C. RESIDENT STUDENTS ATTENDING ELIGIBLE COLLEGES AND UNIVERSITIES LOCATED IN THE STATE OF N.C. ANNUAL FUNDING IS CONTINGENT UPON APPROPRIATIONS MADE AVAILABLE TO THE N.C. STATE EDUCATION ASSISTANCE AUTHORITY FROM PROCEEDS OF THE N.C. STATE LOTTERY. RULES FOR ADMINISTRATION OF THE PROGRAM WERE ADOPTED BY THE BOARD OF DIRECTORS OF THE N.C. STATE EDUCATION ASSISTANCE AUTHORITY IN JULY 2006 AND THE FOUNDATION ADMINISTERS THIS PROGRAM AS AGENT OF THE N.C. STATE EDUCATION ASSISTANCE AUTHORITY. 5. EDUCATION ACCESS REWARDS NORTH CAROLINA (EARN) SCHOLARS FUND PROGRAM: THIS PROGRAM WAS CREATED BY THE N.C. GENERAL ASSEMBLY IN 2007 TO PROVIDE NEED-BASED GRANTS TO N.C. RESIDENT STUDENTS TO ENABLE THEM TO OBTAIN AN EDUCATION BEYOND THE HIGH SCHOOL LEVEL WITHOUT INCURRING STUDENT LOANS DURING THE FIRST TWO YEARS OF THEIR POSTSECONDARY EDUCATION. THE FOUNDATION ADMINISTERED THIS PROGRAM AS AGENT FOR THE N.C. STATE EDUCATION ASSISTANCE AUTHORITY. RULES FOR ADMINISTRATION OF THE PROGRAM WERE ADOPTED BY THE BOARD OF DIRECTORS OF THE N.C. STATE EDUCATION ASSISTANCE AUTHORITY IN DECEMBER 2007. ON AUGUST 10, 2009, LEGISLATION WAS ENACTED WHICH REDUCED THE AMOUNT OF INDIVIDUAL GRANTS FOR THE 2009-2010 ACADEMIC YEAR AND REPEALED THE PROGRAM EFFECTIVE JULY 1, 2010.6. COLLEGE FUNDS INSTALLMENT PAYMENT PLAN: IN APRIL 2005, THE FOUNDATION LAUNCHED THE COLLEGE FUNDS INSTALLMENT (CFI) PAYMENT PLAN FOR N.C. INDEPENDENT COLLEGES AND UNIVERSITIES TO MAKE FLEXIBLE PAYMENT OPTIONS AVAILABLE TO STUDENTS AND FAMILIES. THE CFI PAYMENT PLAN ENABLES THE PAYER TO DIVIDE EXPENSES DUE TO THE COLLEGE INTO INTEREST-FREE MONTHLY PAYMENTS WHICH THE FOUNDATION COLLECTS AND FORWARDS TO THE SCHOOL. THE PLAN IS NOW AVAILABLE TO PUBLIC AND PRIVATE N.C. COLLEGES AND UNIVERSITIES.7. VICTOR E. BELL, JR. SCHOLARSHIP PROGRAM: THIS PROGRAM WAS ESTABLISHED BY THE FOUNDATION'S BOARD OF TRUSTEES TO ENCOURAGE AND ASSIST HIGH POTENTIAL N.C. STUDENTS WITH LIMITED FINANCIAL RESOURCES TO PURSUE HIGHER EDUCATION. INITIALLY AWARDED TO SEVENTH GRADE STUDENTS AND RENEWABLE THROUGH FOUR YEARS OF COLLEGE AS LONG AS ANNUAL ELIGIBILITY REQUIREMENTS ARE MET, THE PROGRAM ENCOURAGES STUDENTS WITH ACADEMIC ABILITY AND PROMISE TO MAINTAIN THEIR SCHOLASTIC STANDING AND ACHIEVE A COLLEGE DEGREE. INDIVIDUAL AWARDS ARE $2,000 PER YEAR, UP TO A MAXIMUM OF $20,000 PER R
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IRS990/ContractorCompensation/NameOfContractor/NameBusiness/BusinessNameLine10C-BRIDGE CORPORATION
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IRS990/Description0THE FOUNDATION ORIGINATED 206,602 LOANS FOR HIGHER EDUCATION IN THE FISCAL YEAR ENDED JUNE 30, 2010 AND WAS SERVICING 923,284 LOANS TO 271,071 BORROWERS WITH AN OUTSTANDING PRINCIPAL BALANCE OF $4,507,353,621 AT JUNE 30, 2010. THE FOUNDATION ORIGINATED AND SERVICES LOANS FOR HIGHER EDUCATION FOR NORTH CAROLINIANS AT INSTITUTIONS OF HIGHER EDUCATION AND FOR STUDENTS ATTENDING INSTITUTIONS OF HIGHER EDUCATION IN NORTH CAROLINA. THE FOUNDATION SERVICES LOANS MADE UNDER PART B, TITLE IV OF THE HIGHER EDUCATION ACT (HEA) OF 1965, AS AMENDED, LOANS TO UNC-CHAPEL HILL STUDENTS TO HELP FINANCE A COMPUTER PURCHASE, "EXTRA" EDUCATION LOANS TO BORROWERS ATTENDING SCHOOLS IN N.C. FOR QUALIFIED HIGHER EDUCATION EXPENSES NOT COVERED UNDER N.C.'S FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP) AND "EXTRA MBA" LOANS TO BORROWERS ENROLLED IN THE KENAN-FLAGLER BUSINESS SCHOOL MBA OR MAC PROGRAM AT UNC-CHAPEL HILL WHO ARE UNABLE TO SECURE LOANS UNDER N.C.'S FFELP OR THE EXTRA EDUCATION LOAN PROGRAM. EFFECTIVE JULY 1, 2010, NO NEW LOANS MAY BE ORIGINATED UNDER THE FFELP THOUGH THE FOUNDATION CONTINUES TO SERVICE LOANS ORIGINATED BEFORE JULY 1, 2010. ON FEBRUARY 1, 2010 THE FOUNDATION SUSPENDED ORIGINATIONS OF LOANS TO UNC-CH STUDENTS TO HELP FINANCE A COMPUTER PURCHASE, AND ALSO SUSPENDED ORIGINATIONS OF EXTRA MBA LOANS AND EXTRA EDUCATION LOAN PROGRAM LOANS.
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IRS990/Form990PartVIISectionA/NamePerson3JAMES O FRYE
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IRS990/Form990PartVIISectionA/NamePerson6ME VALENTINE JR
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IRS990/Form990PartVIISectionA/NamePerson9JAMES I AVETT III
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IRS990/Form990PartVIISectionA/Title9PRES. & CEO
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IRS990/Form990PartVIISectionA/Title11VICE PRESIDENT
IRS990/Form990PartVIISectionA/Title12VICE PRESIDENT
IRS990/Form990PartVIISectionA/Title13IT DEVELOPMENT MANAGER
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Document Assets

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Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$53,713,529
Liabilities
$19,340,586
Net assets
$34,372,943
Revenue
-
Expenses
$32,846,638
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$55.8$6.18$49.6$31.7$32.1$0.40
2024Detailed filing. Detailed filing data is available for this year.$51.1$2.10$49.0$27.3$25.0$2.35
2023Detailed filing. Detailed filing data is available for this year.$52.5$7.42$45.1$31.4$27.7$3.76
2022Detailed filing. Detailed filing data is available for this year.$54.7$14.5$40.2$28.6$27.9$0.69
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$52.3$9.11$43.2$27.9$26.8$1.05
2020Detailed filing. Detailed filing data is available for this year.$51.7$11.9$39.8$28.5$28.5$0.02
2019Detailed filing. Detailed filing data is available for this year.$51.4$11.6$39.8$28.1$28.4$0.28
2018Detailed filing. Detailed filing data is available for this year.$51.3$12.0$39.3$28.4$27.2$1.24
2017Detailed filing. Detailed filing data is available for this year.$51.3$13.5$37.8$26.5$25.7$0.85
2016Detailed filing. Detailed filing data is available for this year.$51.5$14.7$36.8$25.5$25.0$0.56
2015Detailed filing. Detailed filing data is available for this year.$48.9$12.6$36.3$24.8$25.5$0.75
2014Detailed filing. Detailed filing data is available for this year.$49.5$12.3$37.2$29.8$32.1$2.24
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.6$12.4$37.2$33.4
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$50.3$14.5$35.9$29.4
2011Summary only. Only limited summary data is available for this year.$53.4$18.1$35.3$30.4$29.8$0.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.7$19.3$34.4$32.8