Civic Intelligence

College Foundation Inc.

990 • Fiscal year 2013 • EIN 56-6046937

Jul 01, 2012 to Jun 30, 2013 • Filed on Feb 12, 2014

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

46th percentile

0.25x

Higher debt load relative to assets than 46% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

23rd percentile

-1.5%

Faster asset growth than 23% of similar nonprofits.

2013 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets46th percentile

Assets

Down

$49,591,899

Down $730,224 (-1.5%) from 2012

Net Assets

Up

$37,188,682

Up $1,318,815 (+3.7%) from 2012

Liabilities

Down

$12,403,217

Down $2,049,039 (-14%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$33,354,299

Up $3,982,620 (+14%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth23rd percentile

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

2013

Assets$49,591,899
Liabilities$12,403,217
Net Assets$37,188,682
Open 2013 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

2013

Revenue-
Expenses$33,354,299
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Feb 12, 2014
Return Version
2012v2.1
Gross Receipts
$38,413,157
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
Information dissemination initiative. 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 111,960 calls in the year ended june 30, 2013. The program provided 2,719 specific programs to colleges, k-12 schools and businesses, 136 news releases and public service announcements, 2 communiques and 2 other newsletters in the year ended june 30, 2013.
Activity 3
Nc 529 college savings program. 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. North carolina's national college savings program had 118,753 accounts for 110,659 beneficiaries and a value of $1,226,007,321 at june 30, 2013. The program received savings plan contributions of $237,616,613 and distributed withdrawals in the amount of $69,956,980 for the year ended june 30, 2013.
Filing and Contact Details

Filer

EIN
56-6046937
Raw XML AppendixShowing 400 of 744 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/Description0INFORMATION DISSEMINATION INITIATIVE. 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 111,960 CALLS IN THE YEAR ENDED JUNE 30, 2013. THE PROGRAM PROVIDED 2,719 SPECIFIC PROGRAMS TO COLLEGES, K-12 SCHOOLS AND BUSINESSES, 136 NEWS RELEASES AND PUBLIC SERVICE ANNOUNCEMENTS, 2 COMMUNIQUES AND 2 OTHER NEWSLETTERS IN THE YEAR ENDED JUNE 30, 2013.
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IRS990/Activity3/Description0NC 529 COLLEGE SAVINGS PROGRAM. 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. NORTH CAROLINA'S NATIONAL COLLEGE SAVINGS PROGRAM HAD 118,753 ACCOUNTS FOR 110,659 BENEFICIARIES AND A VALUE OF $1,226,007,321 AT JUNE 30, 2013. THE PROGRAM RECEIVED SAVINGS PLAN CONTRIBUTIONS OF $237,616,613 AND DISTRIBUTED WITHDRAWALS IN THE AMOUNT OF $69,956,980 FOR THE YEAR ENDED JUNE 30, 2013.
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IRS990/ActivityOrMissionDescription0OUR WORK TODAY MAKES A BETTER TOMORROW BY EMPOWERING PEOPLE TO ACHIEVE THEIR ACADEMIC GOALS. AT JUNE 30, THE FOUNDATION WAS SERVICING A LOAN PORTFOLIO VALUED AT $2,648,136,387 AND ADMINISTERING NORTH CAROLINA'S NATIONAL COLLEGE SAVINGS PROGRAM WITH A PORTFOLIO VALUED AT $1,226,007,321. DURING THE TAX YEAR, STUDENTS USED THE CFNC.ORG WEBSITE TO SUBMIT 485,125 APPLICATIONS TO NC COLLEGES.
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IRS990/Description0EDUCATIONAL LOAN PROGRAMS. AS OF JUNE 30, 2013, THE FOUNDATION WAS SERVICING 551,309 LOANS TO 177,003 BORROWERS WITH AN OUTSTANDING PRINCIPAL BALANCE OF $2,648,136,387. THE FOUNDATION 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 THAT HELPED TO FINANCE A COMPUTER PURCHASE, "EXTRA" EDUCATION LOANS TO BORROWERS ATTENDING SCHOOLS IN NC FOR QUALIFIED HIGHER EDUCATION EXPENSES NOT COVERED UNDER NC'S FEDERAL FAMILY EDUCATION LOAN PROGRAM (FFELP), AND "EXTRA MBA" LOANS TO BORROWERS FROM THE KENAN-FLAGLER BUSINESS SCHOOL MBA OR MAC PROGRAMS AT UNC CHAPEL HILL WHO WERE UNABLE TO SECURE LOANS UNDER NC'S FFELP OR THE EXTRA EDUCATION LOAN PROGRAM. AS OF JUNE 30, 2013, THE FOUNDATION, DOING BUSINESS AS EDGEUCATION LOANS, WAS ALSO SERVICING LOANS OWNED BY THE U.S. DEPARTMENT OF EDUCATION WITH AN OUTSTANDING PRINCIPAL BALANCE OF $2,931,692,171.
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Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$49,591,899
Liabilities
$12,403,217
Net assets
$37,188,682
Revenue
-
Expenses
$33,354,299
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