Civic Intelligence

Brunswick Community College Foundation Inc.

990 • Fiscal year 2019 • EIN 58-1493463

Jul 01, 2018 to Jun 30, 2019 • Filed on Oct 09, 2019

Organization ProfileWWW.BRUNSWICKCC.EDU/FOUNDATION-GIVING
PO Box 30Supply, NC 28462

(910) 755-7300

Siviq Scores

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

Liabilities / Assets

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

93rd percentile

59%

Higher net margin than 93% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

84th percentile

22%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

94th percentile

94%

Faster revenue growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$5,053,617

Up $920,823 (+22%) from 2018

Net Assets

Up

$5,053,617

Up $920,823 (+22%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin93rd percentile

Revenue

Up

$1,516,559

Up $736,376 (+94%) from 2018

Expenses

Up

$621,319

Up $74,046 (+14%) from 2018

Net Income

Up

$895,240

Up $662,330 (+284%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$10M$5.0M$0Assets 2010: $2,546,416Liabilities 2010: $6,206Net Assets 2010: $2,540,2102010Assets 2011: $2,555,217Liabilities 2011: $24,338Net Assets 2011: $2,530,8792011Assets 2012: $3,308,796Liabilities 2012: $4,681Net Assets 2012: $3,304,1152012Assets 2013: $3,498,841Liabilities 2013: $12,448Net Assets 2013: $3,486,3932013Assets 2014: $3,652,134Liabilities 2014: $300Net Assets 2014: $3,651,8342014Assets 2015: $3,939,971Liabilities 2015: $0Net Assets 2015: $3,939,9712015Assets 2016: $3,807,857Liabilities 2016: $0Net Assets 2016: $3,807,8572016Assets 2017: $3,899,884Liabilities 2017: $0Net Assets 2017: $3,899,8842017Assets 2018: $4,132,794Liabilities 2018: $0Net Assets 2018: $4,132,7942018Assets 2019: $5,053,617Liabilities 2019: $0Net Assets 2019: $5,053,6172019Assets 2020: $5,452,995Liabilities 2020: $0Net Assets 2020: $5,452,9952020Assets 2021: $6,424,468Liabilities 2021: $0Net Assets 2021: $6,424,4682021Assets 2022: $6,253,443Liabilities 2022: $0Net Assets 2022: $6,253,4432022Assets 2023: $6,658,364Liabilities 2023: $8,137Net Assets 2023: $6,650,2272023Assets 2024: $8,145,668Liabilities 2024: $273,013Net Assets 2024: $7,872,6552024Assets 2025: $8,872,326Liabilities 2025: $2,017Net Assets 2025: $8,870,3092025

Highlighted filing

2019

Assets$5,053,617
Liabilities$0
Net Assets$5,053,617
Open 2019 Filing

Operations Trend

Revenue Growth94th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $424,2922010Expenses 2011: $663,0512011Expenses 2012: $679,4522012Expenses 2013: $551,5912013Revenue 2014: $618,345Expenses 2014: $570,927Net Income 2014: $47,4182014Revenue 2015: $736,023Expenses 2015: $347,475Net Income 2015: $388,5482015Revenue 2016: $472,234Expenses 2016: $590,133Net Income 2016: -$117,8992016Revenue 2017: $572,071Expenses 2017: $505,054Net Income 2017: $67,0172017Revenue 2018: $780,183Expenses 2018: $547,273Net Income 2018: $232,9102018Revenue 2019: $1,516,559Expenses 2019: $621,319Net Income 2019: $895,2402019Revenue 2020: $1,161,865Expenses 2020: $775,854Net Income 2020: $386,0112020Revenue 2021: $1,430,738Expenses 2021: $903,393Net Income 2021: $527,3452021Revenue 2022: $949,080Expenses 2022: $707,442Net Income 2022: $241,6382022Revenue 2023: $1,117,555Expenses 2023: $868,928Net Income 2023: $248,6272023Revenue 2024: $1,859,351Expenses 2024: $920,387Net Income 2024: $938,9642024Revenue 2025: $2,155,165Expenses 2025: $1,225,044Net Income 2025: $930,1212025

Highlighted filing

2019

Revenue$1,516,559
Expenses$621,319
Net Income$895,240
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Oct 9, 2019
Return Version
2018v3.1
Gross Receipts
$1,539,921
Mission and Program Overview

Mission

The foundation provides scholarships for students and also supports various programs at brunswick community college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,582,304$4,529,991▲ $947,687
Cash and Non-Interest-Bearing Accounts$550,490$522,391▼ $28,099
Accounts Receivable-$1,235-
Total Assets$4,132,794$5,053,617▲ $920,823
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Permanently Rstr Net Assets$3,332,205$4,232,532▲ $900,327
Temporarily Rstr Net Assets$616,716$663,128▲ $46,412
Unrestricted Net Assets$183,873$157,957▼ $25,916
Total Net Assets Fund Balance$4,132,794$5,053,617▲ $920,823
Total Liabilities and Net Assets / Fund Balance$4,132,794$5,053,617▲ $920,823

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$17,274$17,274

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$3,332,205$900,327--$4,232,532
2017$3,228,573$103,632--$3,332,205
2016$3,082,431$146,142--$3,228,573
2015$3,031,978$50,453--$3,082,431
2014$2,314,029$107,912▲ $610,037-$3,031,978
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Teresa MclambPresident
Carolyn FeltonDirector
Charlotte ArmstrongDirector
Gina EsseyDirector
James LaneDirector
John MohrDirector
Kent WoodDirector
Mike ForteDirector
Sheila GallowayDirector
Shelbourn StevensDirector
William DukeDirector
Elizabeth WassumDirector of
Dr Susanne AdamsCollege Pres
Mark BacharaLiason
Marc S KaplanTreasurer
Marta MaccallumVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,472,317
Program Service Revenue
$0
Investment Income
$52,954
Other Revenue
$-8,712
All Other Contributions
$1,427,617
Change in Net Assets
$895,240

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,516,559
Revenue Not Reported on Form 990
$278,903
Total Revenue per Audited Statements
$1,795,462
Total Revenue per Form 990
$1,516,559
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$584,534
Other Expenses$36,785
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$430,585--$430,585
Grants to Domestic Orgs$153,949--$153,949
Information Technology$6,922$2,307-$9,229
Fees for Service Investment Mgmnt Fees$6,299$2,099-$8,398
Fees for Services Accounting$6,200--$6,200
Office Expenses-$5,912-$5,912
Fees for Services Other$2,575--$2,575
Insurance-$2,207-$2,207
Travel$871$871-$1,742
Other Expenses$522--$522
Total Functional Expenses$607,923$13,396$0$621,319

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$874,639
Expenses per Audited Statements$621,319
Total Expenses per Form 990$621,319
Expenses Not Reported on Form 990$253,320
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Brunswick Community CollegeSupply, NCGovEducational Programs$145,931
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$23,362
Fundraising Gross Income$14,650
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bella Italia$59,350$14,650$23,362$-8,712
Total Events$59,350$14,650$23,362$-8,712
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
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 11B

“The 990 is prepared by cpa and then reviewed in detail by president, treasurer, and executive director. A copy is provided to all other members of the board of directors for their review prior to filing.”

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

“The foundation's executive director regularly monitors questionnaires prepared by individuals, reviews minutes of meetings, and makes recommendations for changes to policies as needed.”

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

“The foundation has no employees thus no processes in place to monitor employee compensation”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Brunswick Community College
EIN
58-1493463
Phone
9107557300
Address
PO BOX 30, SUPPLY, NC 28462

Signing Officer

Name
Marc S Kaplan
Title
Treasurer
Phone
9107556530
Signed
2019-10-09

Organization Details

Principal Officer
Marc S Kaplan
Formed
1982
Legal Domicile
Nc
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
25

Preparer

Firm
Earney & Company Llp
Address
710 MILITARY CUTOFF RD STE 250, WILMINGTON, NC 28405-8364
Preparer
Charles L Earney CPA
Phone
9102569995
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation is a not-for-profit corporation as described in section 501 (c)(3) of the internal revenue code. Accordingly, it is exempt from income taxes on related income pursuant to section 501(a) of the code and contributions may be deductible to donors. The foundation files form 990 with the internal revenue service (irs) annually; those forms are generally subject to examination by the irs for a period of up to three years after they are filed.”

Raw XML AppendixShowing 400 of 517 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/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MARC S KAPLAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0THE FOUNDATION PROVIDES SUPPORT FOR VARIOUS PROGRAMS AT BRUNSWICK COMMUNITY COLLEGE.
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0103632
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0107912
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0610037
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0253320
IRS990ScheduleD/DonatedServicesUseFcltsAmt0253320
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/RevenueNotReportedAmt0278903
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, IT IS EXEMPT FROM INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE AND CONTRIBUTIONS MAY BE DEDUCTIBLE TO DONORS. THE FOUNDATION FILES FORM 990 WITH THE INTERNAL REVENUE SERVICE (IRS) ANNUALLY; THOSE FORMS ARE GENERALLY SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF UP TO THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0STUDENT SCHOLARSHIPS
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IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0SUPPLIES
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BRUNSWICK COMMUNITY COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine2Txt0BRUNSWICK COMMUNITY COLLEGE
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IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 30
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IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHOLARSHIP AWARDS ARE DETERMINED BY THE SCHOLARSHIP COMMITTEE. THIS COMMITTEE CONSISTS OF VOLUNTEERS AND BRUNSWICK COMMUNITY COLLEGE STAFF. SCHOLARSHIP APPLICATIONS ARE SCORED BY THE COMMITTEE BASED ON CRITERIA DETERMINED BY THE DONOR. THE BUDGET FOR ENDOWMENT SCHOLARSHIPS IS BASED ON THE INVESTMENT POLICY STATEMENT PASSED BY THE FOUNDATION BOARD OF DIRECTORS. ONCE THE SCHOLARSHIPS ARE AWARDED BRUNSWICK COMMUNITY COLLEGE INVOICES THE FOUNDATION AND PAYMENT IS MADE REFLECTING THE SCHOLARSHIP AWARDS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS PREPARED BY CPA AND THEN REVIEWED IN DETAIL BY PRESIDENT, TREASURER, AND EXECUTIVE DIRECTOR. A COPY IS PROVIDED TO ALL OTHER MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S EXECUTIVE DIRECTOR REGULARLY MONITORS QUESTIONNAIRES PREPARED BY INDIVIDUALS, REVIEWS MINUTES OF MEETINGS, AND MAKES RECOMMENDATIONS FOR CHANGES TO POLICIES AS NEEDED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FOUNDATION HAS NO EMPLOYEES THUS NO PROCESSES IN PLACE TO MONITOR EMPLOYEE COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,053,617
Liabilities
$0
Net assets
$5,053,617
Revenue
$1,516,559
Expenses
$621,319
Net income
$895,240
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.87$0.00$8.87$2.16$1.23$0.93
2024Detailed filing. Detailed filing data is available for this year.$8.15$0.27$7.87$1.86$0.92$0.94
2023Detailed filing. Detailed filing data is available for this year.$6.66$0.01$6.65$1.12$0.87$0.25
2022Detailed filing. Detailed filing data is available for this year.$6.25$0.00$6.25$0.95$0.71$0.24
2021Detailed filing. Detailed filing data is available for this year.$6.42$0.00$6.42$1.43$0.90$0.53
2020Detailed filing. Detailed filing data is available for this year.$5.45$0.00$5.45$1.16$0.78$0.39
2019Detailed filing. Detailed filing data is available for this year.$5.05$0.00$5.05$1.52$0.62$0.90
2018Detailed filing. Detailed filing data is available for this year.$4.13$0.00$4.13$0.78$0.55$0.23
2017Detailed filing. Detailed filing data is available for this year.$3.90$0.00$3.90$0.57$0.51$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.81$0.00$3.81$0.47$0.59$0.12
2015Detailed filing. Detailed filing data is available for this year.$3.94$0.00$3.94$0.74$0.35$0.39
2014Detailed filing. Detailed filing data is available for this year.$3.65$0.00$3.65$0.62$0.57$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.50$0.01$3.49$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.31$0.00$3.30$0.68
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.02$2.53$0.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.55$0.01$2.54$0.42