Civic Intelligence

Guilford Technical Community College Foundation Inc.

990 • Fiscal year 2017 • EIN 56-6085391

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 06, 2017

Organization ProfileWWW.FOUNDATION.GTCC.EDU
PO Box 309Jamestown, NC 27282

(336) 334-4822

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

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

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.03x

Higher debt load relative to revenue than 14% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Net Margin

84th percentile

27%

Higher net margin than 84% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

86th percentile

$290,925

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 29.7% of source-year revenue.

2017 filings • NTEE B • $10M-$25M nonprofits • Source year 2017

Asset Growth

60th percentile

8.0%

Faster asset growth than 60% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-14%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • NTEE B • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$14,178,215

Up $1,050,526 (+8.0%) from 2016

Net Assets

Up

$14,152,878

Up $1,032,373 (+7.9%) from 2016

Liabilities

Up

$25,337

Up $18,153 (+253%) from 2016

Revenue And Expenses
Liabilities / Revenue14th percentileNet Margin84th percentile

Revenue

Down

$981,173

Down $158,031 (-14%) from 2016

Expenses

Up

$718,323

Up $92,374 (+15%) from 2016

Net Income

Down

$262,850

Down $250,405 (-49%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth60th percentile

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

$30M$20M$10M$0Assets 2010: $9,200,788Liabilities 2010: $4,156Net Assets 2010: $9,196,6322010Assets 2011: $9,739,767Liabilities 2011: $38,964Net Assets 2011: $9,700,8032011Assets 2012: $9,994,567Liabilities 2012: $6,845Net Assets 2012: $9,987,7222012Assets 2013: $11,014,858Liabilities 2013: $72,092Net Assets 2013: $10,942,7662013Assets 2014: $13,087,566Liabilities 2014: $34,484Net Assets 2014: $13,053,0822014Assets 2015: $12,977,890Liabilities 2015: $53,713Net Assets 2015: $12,924,1772015Assets 2016: $13,127,689Liabilities 2016: $7,184Net Assets 2016: $13,120,5052016Assets 2017: $14,178,215Liabilities 2017: $25,337Net Assets 2017: $14,152,8782017Assets 2018: $14,957,715Liabilities 2018: $53,886Net Assets 2018: $14,903,8292018Assets 2019: $15,302,709Liabilities 2019: $96,563Net Assets 2019: $15,206,1462019Assets 2020: $16,759,373Liabilities 2020: $58,310Net Assets 2020: $16,701,0632020Assets 2021: $19,606,850Liabilities 2021: $61,497Net Assets 2021: $19,545,3532021Assets 2022: $16,568,193Liabilities 2022: $292,498Net Assets 2022: $16,275,6952022Assets 2023: $17,735,199Liabilities 2023: $66,311Net Assets 2023: $17,668,8882023Assets 2024: $19,612,406Liabilities 2024: $78,368Net Assets 2024: $19,534,0382024Assets 2025: $21,115,700Liabilities 2025: $19,900Net Assets 2025: $21,095,8002025

Highlighted filing

2017

Assets$14,178,215
Liabilities$25,337
Net Assets$14,152,878
Open 2017 Filing

Operations Trend

Revenue Growth12th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,018,5402010Revenue 2011: $1,019,380Expenses 2011: $1,619,454Net Income 2011: -$600,0742011Expenses 2012: $924,4442012Revenue 2013: $1,895,508Expenses 2013: $1,162,944Net Income 2013: $732,5642013Revenue 2014: $2,513,280Expenses 2014: $786,715Net Income 2014: $1,726,5652014Revenue 2015: $957,000Expenses 2015: $785,571Net Income 2015: $171,4292015Revenue 2016: $1,139,204Expenses 2016: $625,949Net Income 2016: $513,2552016Revenue 2017: $981,173Expenses 2017: $718,323Net Income 2017: $262,8502017Revenue 2018: $938,639Expenses 2018: $675,213Net Income 2018: $263,4262018Revenue 2019: $1,527,717Expenses 2019: $1,277,075Net Income 2019: $250,6422019Revenue 2020: $2,191,283Expenses 2020: $833,462Net Income 2020: $1,357,8212020Revenue 2021: $1,324,237Expenses 2021: $867,345Net Income 2021: $456,8922021Revenue 2022: $2,007,409Expenses 2022: $955,061Net Income 2022: $1,052,3482022Revenue 2023: $1,403,977Expenses 2023: $931,451Net Income 2023: $472,5262023Revenue 2024: $2,153,662Expenses 2024: $1,268,019Net Income 2024: $885,6432024Revenue 2025: $2,928,708Expenses 2025: $1,744,840Net Income 2025: $1,183,8682025

Highlighted filing

2017

Revenue$981,173
Expenses$718,323
Net Income$262,850
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 6, 2017
Return Version
2016v3.0
Gross Receipts
$7,815,833
Mission and Program Overview

Mission

See schedule othe foundation provides financial assistance to worthy students seeking their education, and to faculty and staff in areas not covered by state funds. The foundation solicits and administers charitable gifts in accordance with the college's mission and goals.

To raise funds to supplement the financial resources available to the students, faculty, staff, and programs of guilford technical community college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$10,385,773$11,505,910▲ $1,120,137
Land, Buildings, and Equipment, Net$1,165,726$1,165,726→ $0
Pledges and Grants Receivable$734,439$531,733▼ $202,706
Cash and Non-Interest-Bearing Accounts$89,358$124,014▲ $34,656
Prepaid Expenses and Deferred Charges$4,953$13,052▲ $8,099
Accounts Receivable$29,875$13,051▼ $16,824
Inventories for Sale or Use$10,965$6,354▼ $4,611
Total Assets$13,127,689$14,178,215▲ $1,050,526
Other Assets Total$706,600$818,375▲ $111,775
Liabilities
Deferred Revenue$3,778$22,606▲ $18,828
Accounts Payable and Accrued Expenses$3,406$2,731▼ $675
Total Liabilities$7,184$25,337▲ $18,153
Net Assets / Fund Balance
Unrestricted Net Assets$6,387,349$7,079,319▲ $691,970
Temporarily Rstr Net Assets$3,482,521$3,585,263▲ $102,742
Permanently Rstr Net Assets$3,250,635$3,488,296▲ $237,661
Total Net Assets Fund Balance$13,120,505$14,152,878▲ $1,032,373
Total Liabilities and Net Assets / Fund Balance$13,127,689$14,178,215▲ $1,050,526

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$733,379--
Land$1,165,726--
Other Assets Org$100,333--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$4,005,904$509,104▲ $386,269$282,219$4,396,529
2015$4,081,853$471,981▼ $64,353$254,014$4,005,904
2014$4,288,160$-58,814▼ $26,191$22,525$4,081,853
2013$3,482,651$469,450▲ $397,897$-10,624$4,288,160
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleOtherTotal
Nancy SollosiTreasurer$146,419$146,419
Alan PikeExecutive Director of Institutional Advancement$118,867$118,867

Board Members and Trustees

NameTitle
Kevin BakerChairman, Director
George RagsdaleVice Chair, Director
Brantley WhiteDirector
Charles GreeneDirector
David MillerDirector
David NorburyDirector
Ernie BovioDirector
Harry BoodyDirector
James Bryant IiiDirector
James MorganDirector
Jeanne TannenbaumDirector
Jerry CampDirector
Judy MillerDirector
Karl RobinsonDirector
Kip BlakelyDirector
Lundee W AmosDirector
Marcia Sears ReganDirector
Mickey FosterDirector
Mike GodwinDirector
Phillip MorganDirector
Scott RoeDirector
Steve JohnstonDirector
Steve ShowfetyDirector
Sylvia SametDirector
Tammy ArtisDirector
Randy ParkerSecretary, Director
Revenue and Support

Revenue Composition

Contributions and Grants
$455,932
Program Service Revenue
$0
Investment Income
$320,940
Other Revenue
$204,301
All Other Contributions
$433,311
Change in Net Assets
$262,850

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table44$90,056Donor-reported Fair
Books and Publications-$48,150Donor-reported Fair Mark
Boats and Planes1$23,250Donor-reported Fair Mark
Other Non Cash Contri Table92$14,777Donor-reported Fair
Other Non Cash Contri Table2$4,200Donor-reported Fair
Cars and Other Vehicles2$1,300Donor-reported Fair Mark
Food Inventory3$839Donor-reported Fair Mark
Collectibles2$170Donor-reported Fair Mark
Total Noncash Contributions146$182,742-

Audited Revenue Reconciliation

Revenue per Audited Statements
$981,173
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,056,657
Total Revenue per Audited Statements
$2,037,830
Total Revenue per Form 990
$981,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$496,592
Grants and Similar Amounts Paid$221,731
Total Fundraising Expense$25,554
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$221,731--$221,731
Office Expenses$107,202$19,468$23,637$150,307
Other Expenses$72,110$3,896$419$76,425
Travel$56,717$562$357$57,636
Fees for Services Accounting-$19,750-$19,750
Fees for Service Investment Mgmnt Fees-$15,649-$15,649
Fees for Services Other$4,725$5,365-$10,090
Insurance-$8,505-$8,505
Fees for Services Legal-$2,705-$2,705
Occupancy$1,300$579-$1,879
Advertising--$1,141$1,141
Conferences and Meetings$439--$439
Total Functional Expenses$616,290$76,479$25,554$718,323

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,005,456
Expenses per Audited Statements$718,323
Total Expenses per Form 990$718,323
Expenses Not Reported on Form 990$287,133
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$114,159
Fundraising Direct Expenses$59,834
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$105,366$83,683$102,351$-18,668
Sporting Clays$31,414$30,476$10,651$19,825
Total Events$136,780$114,159$113,002$1,157
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
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
No
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 A, Line 2

“Brantley white is on the board and also in the management of the ballentine real estate properties.”

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the chief financial officer. All board members are advised that the form 990 is available for their review upon request.”

Form 990, Part VI, Section B, Line 12C

“Officers, directors and employees review and sign the conflict of interest policy annually. All responses are reviewed and signed by the executive director of institutional advancement.”

Form 990, Part VI, Section C, Line 19

“The foundation's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Guilford Technical Community College
EIN
56-6085391
Phone
3363344822
Address
PO BOX 309, JAMESTOWN, NC 27282

Signing Officer

Name
Nancy Sollosi
Title
Treasurer
Phone
3363344822
Signed
2017-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Nancy Sollosi
Formed
1966
Legal Domicile
Nc
Voting Board Members
26
Independent Board Members
25
Employees
0
Volunteers
0

Preparer

Firm
Chesson & Lovell Pllc
Address
2310 N CENTENNIAL ST STE 101, HIGH POINT, NC 27265
Preparer
William C Chesson CPA
Phone
3366631013
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING 1.”

Financial Statement Notes

PART V, LINE 4:

“The intended use of the organization's endowment funds is to provide financial aid to students, faculty and staff, and organizational development and advancement as designated by contributors.”

PART X, LINE 2:

“The foundation's management believes that there is a basis for all tax positions taken by the foundation in their tax returns. Therefore, there are no uncertain positions disclosed in these financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising cost included as expense per audited financials 59,834. Nondeductible partnership expenses in expenses per audited financials 9,731. Bad debt expense recovery -300. Investment fees netted with investment income 8,159. Rounding 2.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising cost included as expense per audited financials 59,834. Nondeductible partnership expenses in expenses per audited financials 9,731. Bad debt expense recovery -300. Investment fees netted with investment income 8,159. Rounding”

Raw XML AppendixShowing 400 of 816 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/PersonNm4KEVIN BAKER
IRS990/Form990PartVIISectionAGrp/PersonNm5JERRY CAMP
IRS990/Form990PartVIISectionAGrp/PersonNm6MIKE GODWIN
IRS990/Form990PartVIISectionAGrp/PersonNm7CHARLES GREENE
IRS990/Form990PartVIISectionAGrp/PersonNm8STEVE JOHNSTON
IRS990/Form990PartVIISectionAGrp/PersonNm9DAVID MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm10JUDY MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm11JAMES MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm12PHILLIP MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID NORBURY
IRS990/Form990PartVIISectionAGrp/PersonNm14GEORGE RAGSDALE
IRS990/Form990PartVIISectionAGrp/PersonNm15HARRY BOODY
IRS990/Form990PartVIISectionAGrp/PersonNm16MARCIA SEARS REGAN
IRS990/Form990PartVIISectionAGrp/PersonNm17KARL ROBINSON
IRS990/Form990PartVIISectionAGrp/PersonNm18SYLVIA SAMET
IRS990/Form990PartVIISectionAGrp/PersonNm19STEVE SHOWFETY
IRS990/Form990PartVIISectionAGrp/PersonNm20JEANNE TANNENBAUM
IRS990/Form990PartVIISectionAGrp/PersonNm21TAMMY ARTIS
IRS990/Form990PartVIISectionAGrp/PersonNm22ERNIE BOVIO
IRS990/Form990PartVIISectionAGrp/PersonNm23MICKEY FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm24SCOTT ROE
IRS990/Form990PartVIISectionAGrp/PersonNm25BRANTLEY WHITE
IRS990/Form990PartVIISectionAGrp/PersonNm26NANCY SOLLOSI
IRS990/Form990PartVIISectionAGrp/PersonNm27ALAN PIKE
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/ReportableCompFromRltdOrgAmt0281608
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/ReportableCompFromRltdOrgAmt26133751
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt27110089
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY, DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN, DIRECTOR
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/TitleTxt14VICE CHAIR, DIRECTOR
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/TitleTxt26TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt27EXECUTIVE DIRECTOR OF INSTITUTIONAL ADVANCEMENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01966
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt022621
IRS990/FundraisingDirectExpensesAmt059834
IRS990/FundraisingGrossIncomeAmt0114159
IRS990/GainOrLossGrp/SecuritiesAmt0127671
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt026
IRS990/GrantAmt0221731
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0221731
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0221731
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt06902497
IRS990/GrossReceiptsAmt07815833
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt025
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt08505
IRS990/InsuranceGrp/TotalAmt08505
IRS990/InventoriesForSaleOrUseGrp/BOYAmt010965
IRS990/InventoriesForSaleOrUseGrp/EOYAmt06354
IRS990/InvestmentIncomeGrp/ExclusionAmt0193269
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0193269
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt010385773
IRS990/InvestmentsProgramRelatedGrp/EOYAmt011505910
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01165726
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01165726
IRS990/LandBldgEquipCostOrOtherBssAmt01165726
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06774826
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt02368
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt02368
IRS990/MissionDesc0THE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO WORTHY STUDENTS SEEKING THEIR EDUCATION, AND TO FACULTY AND STAFF IN AREAS NOT COVERED BY STATE FUNDS. THE FOUNDATION SOLICITS AND ADMINISTERS CHARITABLE GIFTS IN ACCORDANCE WITH THE COLLEGE'S MISSION AND GOALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt013120505
IRS990/NetAssetsOrFundBalancesEOYAmt014152878
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0127671
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0127671
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt054325
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt054325
IRS990/NetUnrelatedBusTxblIncmAmt0-5234
IRS990/NetUnrlzdGainsLossesInvstAmt0769522
IRS990/NoncashContributionsAmt0182788
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0579
IRS990/OccupancyGrp/ProgramServicesAmt01300
IRS990/OccupancyGrp/TotalAmt01879
IRS990/OfficeExpensesGrp/FundraisingAmt023637
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019468
IRS990/OfficeExpensesGrp/ProgramServicesAmt0107202
IRS990/OfficeExpensesGrp/TotalAmt0150307
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0706600
IRS990/OtherAssetsTotalGrp/EOYAmt0818375
IRS990/OtherChangesInNetAssetsAmt01
IRS990/OtherExpensesGrp/Desc0CONTRIBUTED MATERIALS
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/FundraisingAmt0419
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03896
IRS990/OtherExpensesGrp/ProgramServicesAmt0152066
IRS990/OtherExpensesGrp/ProgramServicesAmt172110
IRS990/OtherExpensesGrp/TotalAmt0152066
IRS990/OtherExpensesGrp/TotalAmt176425
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0RESIDENTIAL RENTAL
IRS990/OtherRevenueMiscGrp/Desc1CULINARY ARTS
IRS990/OtherRevenueMiscGrp/Desc2COSMETOLOGY
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0143340
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11603
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0138106
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11603
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21000
IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0-5234
IRS990/OtherRevenueTotalAmt0143077
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt03250635
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt03488296
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0734439
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0531733
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04953
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013052
IRS990/PrincipalOfficerNm0NANCY SOLLOSI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0VARIOUS FINANCIAL ASSISTANCE WITH PROGRAMS AND SERVICES AT GUILFORD TECHNICAL COMMUNITY COLLEGE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0394559
IRS990/ProhibitedTaxShelterTransInd00

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,178,215
Liabilities
$25,337
Net assets
$14,152,878
Revenue
$981,173
Expenses
$718,323
Net income
$262,850
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$21.1$0.02$21.1$2.93$1.74$1.18
2024Detailed filing. Detailed filing data is available for this year.$19.6$0.08$19.5$2.15$1.27$0.89
2023Detailed filing. Detailed filing data is available for this year.$17.7$0.07$17.7$1.40$0.93$0.47
2022Detailed filing. Detailed filing data is available for this year.$16.6$0.29$16.3$2.01$0.96$1.05
2021Detailed filing. Detailed filing data is available for this year.$19.6$0.06$19.5$1.32$0.87$0.46
2020Detailed filing. Detailed filing data is available for this year.$16.8$0.06$16.7$2.19$0.83$1.36
2019Detailed filing. Detailed filing data is available for this year.$15.3$0.10$15.2$1.53$1.28$0.25
2018Detailed filing. Detailed filing data is available for this year.$15.0$0.05$14.9$0.94$0.68$0.26
2017Detailed filing. Detailed filing data is available for this year.$14.2$0.03$14.2$0.98$0.72$0.26
2016Detailed filing. Detailed filing data is available for this year.$13.1$0.01$13.1$1.14$0.63$0.51
2015Detailed filing. Detailed filing data is available for this year.$13.0$0.05$12.9$0.96$0.79$0.17
2014Detailed filing. Detailed filing data is available for this year.$13.1$0.03$13.1$2.51$0.79$1.73
2013Summary only. Only limited summary data is available for this year.$11.0$0.07$10.9$1.90$1.16$0.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.99$0.01$9.99$0.92
2011Summary only. Only limited summary data is available for this year.$9.74$0.04$9.70$1.02$1.62$0.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.20$0.00$9.20$1.02