Civic Intelligence

Central Carolina Technical College Foundation Inc.

990 • Fiscal year 2021 • EIN 57-0686853

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 05, 2021

506 N Guignard DrSumter, SC 29150

(803) 778-6646

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

37th percentile

0.04x

Higher debt load relative to revenue than 37% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

75th percentile

31%

Higher net margin than 75% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

72nd percentile

24%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

86th percentile

91%

Faster revenue growth than 86% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,056,390

Up $391,554 (+24%) from 2020

Net Assets

Up

$2,046,390

Up $381,554 (+23%) from 2020

Liabilities

Up

$10,000

Up $10,000 from 2020

Revenue

Up

$266,555

Up $127,057 (+91%) from 2020

Expenses

Down

$183,426

Down $52,841 (-22%) from 2020

Net Income

Up

$83,129

Up $179,898 (+186%) from 2020

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,388,831Liabilities 2011: $0Net Assets 2011: $1,388,8312011Assets 2012: $1,325,580Liabilities 2012: $0Net Assets 2012: $1,325,5802012Assets 2013: $1,395,811Liabilities 2013: $0Net Assets 2013: $1,395,8112013Assets 2014: $1,521,670Liabilities 2014: $0Net Assets 2014: $1,521,6702014Assets 2015: $1,527,315Liabilities 2015: $0Net Assets 2015: $1,527,3152015Assets 2016: $1,537,627Liabilities 2016: $0Net Assets 2016: $1,537,6272016Assets 2017: $1,674,280Liabilities 2017: $0Net Assets 2017: $1,674,2802017Assets 2018: $1,711,236Liabilities 2018: $0Net Assets 2018: $1,711,2362018Assets 2019: $1,759,798Liabilities 2019: $560Net Assets 2019: $1,759,2382019Assets 2020: $1,664,836Liabilities 2020: $0Net Assets 2020: $1,664,8362020Assets 2021: $2,056,390Liabilities 2021: $10,000Net Assets 2021: $2,046,3902021Assets 2022: $1,960,756Liabilities 2022: $3,941Net Assets 2022: $1,956,8152022Assets 2023: $2,296,352Liabilities 2023: $132Net Assets 2023: $2,296,2202023Assets 2024: $2,624,263Liabilities 2024: $51,000Net Assets 2024: $2,573,2632024

Highlighted filing

2021

Assets$2,056,390
Liabilities$10,000
Net Assets$2,046,390

Operations Trend

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

$600K$400K$200K$0-$200KExpenses 2011: $119,7282011Revenue 2012: $291,912Expenses 2012: $160,281Net Income 2012: $131,6312012Revenue 2013: $169,940Expenses 2013: $154,246Net Income 2013: $15,6942013Revenue 2014: $314,027Expenses 2014: $188,168Net Income 2014: $125,8592014Revenue 2015: $264,804Expenses 2015: $185,912Net Income 2015: $78,8922015Revenue 2016: $321,853Expenses 2016: $214,280Net Income 2016: $107,5732016Revenue 2017: $290,427Expenses 2017: $260,970Net Income 2017: $29,4572017Revenue 2018: $257,087Expenses 2018: $207,935Net Income 2018: $49,1522018Revenue 2019: $301,587Expenses 2019: $242,350Net Income 2019: $59,2372019Revenue 2020: $139,498Expenses 2020: $236,267Net Income 2020: -$96,7692020Revenue 2021: $266,555Expenses 2021: $183,426Net Income 2021: $83,1292021Revenue 2022: $579,038Expenses 2022: $254,066Net Income 2022: $324,9722022Revenue 2023: $352,729Expenses 2023: $210,092Net Income 2023: $142,6372023Revenue 2024: $394,014Expenses 2024: $268,446Net Income 2024: $125,5682024

Highlighted filing

2021

Revenue$266,555
Expenses$183,426
Net Income$83,129
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 5, 2021
Return Version
2020v4.0
Gross Receipts
$278,417
Mission and Program Overview

Mission

The primary purposes of the foundation is to provide educational opportunities through acquisition of funds for scholarship awards; support the utilization of the latest technologies in up-to-date facilities and to subsidize the growth and developement of college faculty and staff.

To provide educational opportunities via scholarships for students attending central carolina technical college and educational resources to the college and faculty, as well as funds for special projects where specific need arise.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,625,374$2,034,543▲ $409,169
Prepaid Expenses and Deferred Charges-$16,100-
Land, Buildings, and Equipment, Net$3,625$3,625→ $0
Savings and Temporary Cash Investments$35,837$2,122▼ $33,715
Total Assets$1,664,836$2,056,390▲ $391,554
Liabilities
Deferred Revenue-$10,000-
Total Liabilities$0$10,000▲ $10,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$785,000$1,113,817▲ $328,817
Net Assets With Donor Restrictions$879,836$932,573▲ $52,737
Total Net Assets Fund Balance$1,664,836$2,046,390▲ $381,554
Total Liabilities and Net Assets / Fund Balance$1,664,836$2,056,390▲ $391,554

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,625--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Scott D BrownChairman
Ruby D GibbsVice Chair
Meree McalisterExec Committ
Robert EdwardsExec Committ
Bruce SnipesSecretary
Terry M HancockTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$168,171
Program Service Revenue
$0
Investment Income
$73,838
Other Revenue
$24,546
All Other Contributions
$15,000
Change in Net Assets
$83,129

Audited Revenue Reconciliation

Revenue per Audited Statements
$248,113
Revenue Not Reported on Financial Statements
$18,442
Revenue Not Reported on Form 990
$325,287
Total Revenue per Audited Statements
$573,400
Total Revenue per Form 990
$266,555
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,426
Total Fundraising Expense$6,860
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$18,442-$18,442
Fees for Services Accounting-$8,800-$8,800
Other Expenses$6,000$5,700$6,860$6,000
All Other Expenses$3,300--$3,300
Travel-$3,074-$3,074
Office Expenses-$1,798-$1,798
Insurance-$803-$803
Total Functional Expenses$137,949$38,617$6,860$183,426

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$191,846
Total Expenses per Form 990$183,426
Expenses per Audited Statements$164,984
Expenses Not Reported on Form 990$26,862
Expenses Not Reported on Financial Statements$18,442
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$36,408
Fundraising Direct Expenses$11,862
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tourney$36,408$36,408$11,862$24,546
Total Events$36,408$36,408$11,862$24,546
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
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
Yes
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, Page 6, Part VI, Line 7A

New board members are recommended by the executive committee and must be approved by a majority of the voting members. Ex officio (non-voting) members shall include (1) member of the central carolina technical college area commission designated by the board, the college president, and the foundation executive director.

Form 990, Page 6, Part VI, Line 11B

Return reviewed and approved by the executive and finance comittee prior to filing.

Form 990, Page 6, Part VI, Line 12C

The executive director and executive committee review all conflict of interest statements annually

Form 990, Page 6, Part VI, Line 15A

The foundation has no paid employees, the college pays the salary of the individual who performs the duties of the executive director along with many other non-foundation duties as the college's vice president for institutional advancement. Additionally the college pays the salary of the individual who performs the duties of the assistant director of the foundation and who performs many non-foundation duries for the college. However if an employee was to be hired by the foundation the compensation would be approved by the executive committee and recommended to the full board for final approval.

Form 990, Page 6, Part VI, Line 18

Form 990 provided upon request

Form 990, Page 6, Part VI, Line 19

Bylaws provided upon request

Filing and Contact Details

Filer

Filer Name
Central Carolina Technical College
EIN
57-0686853
Phone
8037786646
Address
506 N GUIGNARD DR, SUMTER, SC 29150

Signing Officer

Name
Terry M Hancock
Title
Treasurer
Phone
8037786641
Signed
2021-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Terry M Hancock
Formed
1977
Legal Domicile
Sc
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
21

Preparer

Firm
Burkett Burkett & Burkett Cpas Pa
Address
PO BOX 2044, WEST COLUMBIA, SC 29171
Preparer
Larry D Montague Jr CPA
Phone
8037943712
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The primary purposes of the foundation is to provide educational opportunities through acquisition of funds for scholarship awards; support the utilization of the latest technologies in up-to-date facilities and to subsidize the growth and developement of college faculty and staff.

Form 990, Page 1, Part I, Line 6

The board members of the foundation are the major volunteers and no benefits are provided to board members by the foundation or the college (central carolina technical college, inc.)

Form 990, Page 2, Part III, Line 4D

The primary purposes of the foundation is to provide educational educational opportunities throught scholarships to student of central carolina technical college and provide additional support for the programs and staff development of the college.

Form 990, Part XI, Line 9

Golf tournament gross up 11,862 golf tournament gross up -11,862

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Golf tournament gross up 11,862

Schedule D, Page 4, Part XII, Line 2D

Golf tournament gross up 11,862

Raw XML Appendix400 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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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt018442
IRS990ScheduleD/RevenueSubtotalAmt0248113
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GOLF TOURNAMENT GROSS UP 11,862
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GOLF TOURNAMENT GROSS UP 11,862
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRIMARY PURPOSES OF THE FOUNDATION IS TO PROVIDE EDUCATIONAL OPPORTUNITIES THROUGH ACQUISITION OF FUNDS FOR SCHOLARSHIP AWARDS; SUPPORT THE UTILIZATION OF THE LATEST TECHNOLOGIES IN UP-TO-DATE FACILITIES AND TO SUBSIDIZE THE GROWTH AND DEVELOPEMENT OF COLLEGE FACULTY AND STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS OF THE FOUNDATION ARE THE MAJOR VOLUNTEERS AND NO BENEFITS ARE PROVIDED TO BOARD MEMBERS BY THE FOUNDATION OR THE COLLEGE (CENTRAL CAROLINA TECHNICAL COLLEGE, INC.)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PRIMARY PURPOSES OF THE FOUNDATION IS TO PROVIDE EDUCATIONAL EDUCATIONAL OPPORTUNITIES THROUGHT SCHOLARSHIPS TO STUDENT OF CENTRAL CAROLINA TECHNICAL COLLEGE AND PROVIDE ADDITIONAL SUPPORT FOR THE PROGRAMS AND STAFF DEVELOPMENT OF THE COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NEW BOARD MEMBERS ARE RECOMMENDED BY THE EXECUTIVE COMMITTEE AND MUST BE APPROVED BY A MAJORITY OF THE VOTING MEMBERS. EX OFFICIO (NON-VOTING) MEMBERS SHALL INCLUDE (1) MEMBER OF THE CENTRAL CAROLINA TECHNICAL COLLEGE AREA COMMISSION DESIGNATED BY THE BOARD, THE COLLEGE PRESIDENT, AND THE FOUNDATION EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RETURN REVIEWED AND APPROVED BY THE EXECUTIVE AND FINANCE COMITTEE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE EXECUTIVE DIRECTOR AND EXECUTIVE COMMITTEE REVIEW ALL CONFLICT OF INTEREST STATEMENTS ANNUALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION HAS NO PAID EMPLOYEES, THE COLLEGE PAYS THE SALARY OF THE INDIVIDUAL WHO PERFORMS THE DUTIES OF THE EXECUTIVE DIRECTOR ALONG WITH MANY OTHER NON-FOUNDATION DUTIES AS THE COLLEGE'S VICE PRESIDENT FOR INSTITUTIONAL ADVANCEMENT. ADDITIONALLY THE COLLEGE PAYS THE SALARY OF THE INDIVIDUAL WHO PERFORMS THE DUTIES OF THE ASSISTANT DIRECTOR OF THE FOUNDATION AND WHO PERFORMS MANY NON-FOUNDATION DURIES FOR THE COLLEGE. HOWEVER IF AN EMPLOYEE WAS TO BE HIRED BY THE FOUNDATION THE COMPENSATION WOULD BE APPROVED BY THE EXECUTIVE COMMITTEE AND RECOMMENDED TO THE FULL BOARD FOR FINAL APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FORM 990 PROVIDED UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8BYLAWS PROVIDED UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9GOLF TOURNAMENT GROSS UP 11,862 GOLF TOURNAMENT GROSS UP -11,862
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15A
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0TERRY M HANCOCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08037786641
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CENTRAL CAROLINA TECHNICAL COLLEGE
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CENT
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ReturnHeader/Filer/PhoneNum08037786646
ReturnHeader/Filer/USAddress/AddressLine1Txt0506 N GUIGNARD DR
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BURKETT BURKETT & BURKETT CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2044
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd029171
ReturnHeader/PreparerPersonGrp/PhoneNum08037943712
ReturnHeader/PreparerPersonGrp/PreparationDt02021-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY D MONTAGUE JR CPA
ReturnHeader/ReturnTs02021-11-09T11:36:12-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TERRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HANCOCK
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.62$0.05$2.57$0.39$0.27$0.13
2023Detailed filing. Detailed filing data is available for this year.$2.30$0.00$2.30$0.35$0.21$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.96$0.00$1.96$0.58$0.25$0.32
2021Detailed filing. Detailed filing data is available for this year.$2.06$0.01$2.05$0.27$0.18$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.66$0.00$1.66$0.14$0.24$0.10
2019Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$0.30$0.24$0.06
2018Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$0.26$0.21$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$0.29$0.26$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.54$0.00$1.54$0.32$0.21$0.11
2015Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$0.26$0.19$0.08
2014Detailed filing. Detailed filing data is available for this year.$1.52$0.00$1.52$0.31$0.19$0.13
2013Summary only. Only limited summary data is available for this year.$1.40$0.00$1.40$0.17$0.15$0.02
2012Summary only. Only limited summary data is available for this year.$1.33$0.00$1.33$0.29$0.16$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.00$1.39$0.12