WILKES COMMUNITY COLLEGE FOUNDATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- WILKES COMMUNITY COLLEGE FOUNDATION INC (EIN 23-7338790)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-02-10
- IRS object ID
- 202500419349300240
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-02-10T13:02:17-06:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 561761202 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARTIN STARNES & ASSOCIATES CPAS PA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 730 13TH AVENUE DR SE | AddressLine1Txt |
| City | HICKORY | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 286025196 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237338790 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILKES COMMUNITY COLLEGE FOUNDATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | WILK | BusinessNameControlTxt |
| Phone | 3368386132 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | DRAWER 120 COLLEGIATE DRIVE | AddressLine1Txt |
| City | WILKESBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28697 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ARNOLD LAKEY | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 3368386132 | PhoneNum |
| Signature | 2025-01-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | FRANK F WILLIAMS CPA | PreparerPersonNm |
| PTIN | P00645704 | PTIN |
| Phone | 8283272727 | PhoneNum |
| Preparation | 2025-01-22 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ARNOLD LAKEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | DRAWER 120 COLLEGIATE DRIVE | AddressLine1Txt |
| City | WILKESBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28697 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $10,535,096 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.WILKESCC.EDU/GIVING | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1971 | FormationYr |
| Legal Domicile State | NC | LegalDomicileStateCd |
| Activity Or Mission | HELPING THE STUDENTS OF WILKES COMMUNITY COLLEGE | ActivityOrMissionDesc |
| Voting Members Governing Body | 25 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 25 | VotingMembersIndependentCnt |
| Total Employee | 218 | TotalEmployeeCnt |
| Total Volunteers | 3100 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,629,926 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,017,899 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $323,601 | PYInvestmentIncomeAmt |
| CY Investment Income | $249,004 | CYInvestmentIncomeAmt |
| PY Other Revenue | $1,667,095 | PYOtherRevenueAmt |
| CY Other Revenue | $1,652,101 | CYOtherRevenueAmt |
| PY Total Revenue | $4,620,622 | PYTotalRevenueAmt |
| CY Total Revenue | $3,919,004 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $3,475,390 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $3,643,145 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $64,317 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $70,285 | PYOtherExpensesAmt |
| CY Other Expenses | $85,117 | CYOtherExpensesAmt |
| PY Total Expenses | $3,545,675 | PYTotalExpensesAmt |
| CY Total Expenses | $3,728,262 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,074,947 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $190,742 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $13,548,963 | TotalAssetsBOYAmt |
| Total Assets EOY | $14,298,684 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $288,999 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $135,012 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $13,259,964 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $14,163,672 | NetAssetsOrFundBalancesEOYAmt |
| Mission | HELPING THE STUDENTS OF WILKES COMMUNITY COLLEGE | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,643,145 | ExpenseAmt |
| Grant | $3,643,145 | GrantAmt |
| Desc | IMPROVEMENTS OF WILKES COMMUNITY COLLEGE CAMPUS AND HELPING THE STUDENTS OF THE COLLEGE | Desc |
| Total Program Service Expenses | $3,643,145 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 87 | IRPDocumentCnt |
| IRP Document W2 G | 6 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 218 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 25 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 25 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JARRETT BARKER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3368386132 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | DRAWER 120 COLLEGIATE DRIVE | AddressLine1Txt |
| City | WILKESBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28697 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (26 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| ARNOLD LAKEY | ||||||
| PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| JIM SMOAK | ||||||
| VICE PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| WILLIAM WATTS | ||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| CAROLYN BROOKSHIRE PARDUE | ||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| LINDA ABSHER | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| EVELYN BUMGARNER | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID BAUGUESS | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DAVID DEAL | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CLAUDE FAW | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CAM FINLEY | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| BEN GARRETT | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LEE HERRING | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| DANNY HOLMAN | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CATHY HUIE | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| GARY JOHNSON | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JACKIE MALLORY | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CONNIE MCNEILL | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LUTHER PARKS | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| CHRISTY PERRY | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| PHIL STEVENS | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| BILL WARDEN | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| TAMMY WHITWORTH | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| LEE BENTLEY | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| JAY VANNOY | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| MIKE RODGERS | ||||||
| DIRECTOR | 0.00 | Yes (X) | $0 | $0 | $0 | |
| ALLISON PHILLIPS | ||||||
| EXEC DIRECTOR | 40.00 | Yes (X) | $116,567 | $0 | $0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $116,567 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DATA NETWORK SOLUTIONS INC | |||||
| 4433 PAPA JOE HENDRICK BLVD | CHARLOTTE | NC | 28262 | TECHNOLOGY | $382,929 |
| SE SYSTEM INC | |||||
| PO BOX 16963 | GREENSBORO | NC | 27416 | TECHNOLOGY | $345,255 |
| PARTY REFLECTIONS INC | |||||
| 2750 WHITEHALL PARK DR | CHARLOTTE | NC | 28273 | ENTERTAINMENT | $273,828 |
| WASSERMAN MUSIC LLC | |||||
| 6427 SADDLE CREEK CT | HARRISBURG | NC | 28075 | ENTERTAINMENT | $158,170 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $75,366 | FundraisingAmt |
| All Other Contributions | $1,942,533 | AllOtherContributionsAmt |
| Noncash Contributions | $132,707 | NoncashContributionsAmt |
| Total Contributions | $2,017,899 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $567,702 | TotalRevenueColumnAmt |
| Exclusion | $567,702 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,060,715 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $3,379,413 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$318,698 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$318,698 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$318,698 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $4,795,931 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $75,366 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $3,236,679 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,559,252 | TotalRevenueColumnAmt |
| Exclusion | $1,559,252 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | ExclusionExclusionAmt |
|---|---|---|---|
| SALES TAX REFUNDS | 900099 | $94,246 | $94,246 |
| BAD DEBT RECOVERIES | 900099 | -$1,397 | -$1,397 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $92,849 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,919,004 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$318,698 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $2,219,803 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,643,145 | TotalAmt |
| Program Services | $3,643,145 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,800 | TotalAmt |
| Management And General | $20,800 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,522 | TotalAmt |
| Fundraising | $30,522 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $800 | TotalAmt |
| Fundraising | $800 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,937 | TotalAmt |
| Fundraising | $8,937 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | FundraisingFundraisingAmt |
|---|---|---|
| SUPPLIES & MATERIALS | $17,601 | $17,601 |
| FOOD EXPENSES | $5,125 | $5,125 |
| OTHER EXPENSES | $848 | $848 |
| EQUIPMENT RENTAL | $484 | $484 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,728,262 | TotalAmt |
| Program Services | $3,643,145 | ProgramServicesAmt |
| Management And General | $20,800 | ManagementAndGeneralAmt |
| Fundraising | $64,317 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,107,766 | BOYAmt |
| EOY | $1,322,839 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $163,861 | BOYAmt |
| EOY | $151,749 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,716 | BOYAmt |
| EOY | $138,131 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,934 | BOYAmt |
| EOY | $19,515 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,100 | BOYAmt |
| EOY | $23,272 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $301,184 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $301,184 | BOYAmt |
| EOY | $301,184 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,845,402 | BOYAmt |
| EOY | $12,341,994 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,548,963 | BOYAmt |
| EOY | $14,298,684 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $233,504 | BOYAmt |
| EOY | $67,100 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,495 | BOYAmt |
| EOY | $67,912 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $288,999 | BOYAmt |
| EOY | $135,012 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,085,447 | BOYAmt |
| EOY | $5,328,121 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,174,517 | BOYAmt |
| EOY | $8,835,551 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,259,964 | BOYAmt |
| EOY | $14,163,672 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,548,963 | BOYAmt |
| EOY | $14,298,684 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $190,742 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $712,966 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supporting Organization509a3 | Yes (X) | SupportingOrganization509a3Ind |
| Supporting Org Type3 Func Int | Yes (X) | SupportingOrgType3FuncIntInd |
| Supported Organizations | 1 | SupportedOrganizationsCnt |
Supported Org Information SupportedOrgInformationGrp
Supported Organization Name SupportedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILKES COMMUNITY COLLEGE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 560846669 | EIN |
| Organization Type | 2 | OrganizationTypeCd |
| Governing Document Listed | Yes (1) | GoverningDocumentListedInd |
| Support | $2,820,162 | SupportAmt |
| Other Support | $822,982 | OtherSupportAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Supported Organizations Total | 1 | SupportedOrganizationsTotalCnt |
| Support Sum | $2,820,162 | SupportSumAmt |
| Other Support Sum | $822,982 | OtherSupportSumAmt |
Form990 Sch A Supporting Org Form990SchASupportingOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Listed By Name Governing Doc | Yes (1) | ListedByNameGoverningDocInd |
| Suprt Org No IRS Determination | 0 | SuprtOrgNoIRSDeterminationInd |
| Supported Org Section C456 | 0 | SupportedOrgSectionC456Ind |
| Supported Org Not Organized US | 0 | SupportedOrgNotOrganizedUSInd |
| Organization Change Suprt Org | 0 | OrganizationChangeSuprtOrgInd |
| Support Non Supported Org | 0 | SupportNonSupportedOrgInd |
| Payment Substantial Contribtr | 0 | PaymentSubstantialContribtrInd |
| Loan Disqualified Person | 0 | LoanDisqualifiedPersonInd |
| Controlled Disqualified Prsn | 0 | ControlledDisqualifiedPrsnInd |
| Disqualified Prsn Controll Int | 0 | DisqualifiedPrsnControllIntInd |
| Disqualified Prsn Ownr Int | 0 | DisqualifiedPrsnOwnrIntInd |
| Excess Business Holdings Rules | 0 | ExcessBusinessHoldingsRulesInd |
| Contribution Controller | 0 | ContributionControllerInd |
| Contribution Family | 0 | ContributionFamilyInd |
| Contribution35 Controlled | 0 | Contribution35ControlledInd |
Form990 Sch A Type3 Sprt Org All Form990SchAType3SprtOrgAllGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timely Provided Documents | Yes (1) | TimelyProvidedDocumentsInd |
| Officers Close Relationship | Yes (1) | OfficersCloseRelationshipInd |
| Supported Org Voice Investment | Yes (1) | SupportedOrgVoiceInvestmentInd |
Form990 Sch A Type3 Func Int Form990SchAType3FuncIntGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Test | Yes (X) | ActivitiesTestInd |
| Governmental Entity | Yes (X) | GovernmentalEntityInd |
| Activities Further Exempt Prps | Yes (1) | ActivitiesFurtherExemptPrpsInd |
| Activities Engaged Org Invlmnt | Yes (1) | ActivitiesEngagedOrgInvlmntInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART IV, SECTION D, LINE 3 -ROLE OF SUPPORTED ORGANIZATIONS | THE ORGANIZATION WORKS HAND IN HAND WITH THE SUPPORTED ORGANIZATION (WILKES COMMUNITY COLLEGE). THE ORGANIZATION MAINTANINS IT OFFICE WITHIN THE SUPPORTED ORGANIZATION AND DECISIONS ARE MADE IN CONJUNCTION WITH THE SUPPORTED ORGANIZATION. TRUSTEES FROM THE SUPPORTED ORGANIZATION ARE ALSO ON THE ORGANIZATION'S BOARD. |
| PART IV, SECTION E, LINE 1C -HOW SUPPORTED GOVERNMENT ENTITY | THE ORGANIZATION'S ACTIVITIES CONSIST OF FUNDRAISING TO SUPPORT WILKES COMMUNITY COLLEGE BY PROVIDING FUNDS TO THE COLLEGE FOR CONSTRUCTING NEW AND IMPROVING EXISTING INFRASTRUCTURE AND TO PURCHASE EDUCATIONAL MATERIALS AND EQUIPMENT TO ALLOW THE COLLEGE TO EXPAND AND IMPROVE THE EDUCATIONAL OPPORTUNITIES PROVIDED TO THEIR STUDENTS. |
| PART IV, SECTION E, LINE 2A -EXPLANATION OF SUPPORTED ORGANIZATIONS | THE ORGANIZATION'S ACTIVITIES PROVIDED FUNDING FOR THE SUPPORTED ORGANIZATION (WILKES COMMUNITY COLLEGE) TO PROVIDE STUDENTS THAT ATTEND THE SUPPORTED ORGANIZATION THE MEANS TO PURSUE A COLLEGE EDUCATION THROUGH SCHOLARSHIPS AND OTHER PROJECTS. THE ORGANIZATION ALSO PROVIDES FUNDING FOR THE SUPPORTED ORGANIZATION TO ACQUIRE REAL PROPERTY TO HELP FUTHER THEIR EXEMPT PURPOSE. |
| PART IV, SECTION E, LINE 2B -EXPLANATION OF ORGANIZATION'S POSITION | IF THE ORGANIZATION DID NOT PARTICIPATE IN THE ACTIVITIES TO SUPORT THE SUPPORTING ORGANIZATION (WILKES COMMUNITY COLLEGE) THEN THE SUPPORTING ORGANIZATION WOULD HAVE TO HIRE A FULL TIME STAFF TO CONDUCT THESE ACTIVITIES. THE ORGANIZATION PROVIDED THE SUPPORTED ORGANIZATION MORE RESOURSES SO THEY CAN ACHIEVE THEIR EXEMPT PURPOSE. |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,927,657 | BeginningYearBalanceAmt |
| Contributions | $224,069 | ContributionsAmt |
| Investment Earnings Or Losses | $599,452 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $6,751,178 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $5,408,513 | BeginningYearBalanceAmt |
| Contributions | $181,579 | ContributionsAmt |
| Investment Earnings Or Losses | $337,565 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $5,927,657 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,277,258 | BeginningYearBalanceAmt |
| Contributions | $3,850,549 | ContributionsAmt |
| Investment Earnings Or Losses | -$719,294 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $5,408,513 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributions | $2,259,205 | ContributionsAmt |
| Investment Earnings Or Losses | $18,053 | InvestmentEarningsOrLossesAmt |
| End Year Balance | $2,277,258 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $226,803 | InvestmentCostOrOtherBasisAmt |
| Other Cost Or Other Basis | $74,381 | OtherCostOrOtherBasisAmt |
| Book Value | $301,184 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $301,184 | TotalBookValueLandBuildingsAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $6,363,570 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $712,966 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$1,505,079 | OtherRevenueAmt |
| Revenue Not Reported | -$792,113 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,155,683 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$3,236,679 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$3,236,679 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,919,004 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,459,862 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $1,761,046 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $1,761,046 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,698,816 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $29,446 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $29,446 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,728,262 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | TO PROVIDE SCHOLARSHIPS FOR STUDENTS IN WILKES, ASHE, ALLEGHANY AND WATAUGA COUNTIE OF NORTH CAROLINA. |
| PART X, LINE 2: | WILKES COMMUNITY COLLEGE FOUNDATION, INC. IS EXEMPT FROM INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE ORGANIZATION HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. WILKES COMMUNITY COLLEGE FOUNDATION, INC. HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | TRANSFERS WITH DONOR RESTRICTIONS -1,475,633. INVESTMENT MANAGEMENT FEES -29,446. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FUNDRAISING EVENTS EXPENSES -3,236,679. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRAISING EVENTS EXPENSES 3,236,679. TRANSFERS WITH DONOR RESTRICTIONS -1,475,633. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | INVESTMENT MANAGEMENT FEES 29,446. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | MERLEFEST | Event1Nm |
| Gross Receipts Event1 | $4,581,161 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $49,894 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $4,531,267 | GrossRevenueEvent1Amt |
| Non Cash Prizes Event1 | $126,047 | NonCashPrizesEvent1Amt |
| Rent Facility Costs Event1 | $410,974 | RentFacilityCostsEvent1Amt |
| Food And Beverage Event1 | $101,622 | FoodAndBeverageEvent1Amt |
| Entertainment Event1 | $906,649 | EntertainmentEvent1Amt |
| Other Direct Expenses Event1 | $1,604,966 | OtherDirectExpensesEvent1Amt |
| Event2 | WAW GOLF TOURNAMENT | Event2Nm |
| Gross Receipts Event2 | $163,795 | GrossReceiptsEvent2Amt |
| Charitable Contri Event2 | $22,437 | CharitableContriEvent2Amt |
| Gross Revenue Event2 | $141,358 | GrossRevenueEvent2Amt |
| Non Cash Prizes Event2 | $3,634 | NonCashPrizesEvent2Amt |
| Food And Beverage Event2 | $13,006 | FoodAndBeverageEvent2Amt |
| Other Direct Expenses Event2 | $28,842 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 3 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $126,341 | GrossReceiptsOtherEventsAmt |
| Charitable Contri Other Events | $3,035 | CharitableContriOtherEventsAmt |
| Gross Revenue Other Events | $123,306 | GrossRevenueOtherEventsAmt |
| Non Cash Prizes Other Events | $1,010 | NonCashPrizesOtherEventsAmt |
| Rent Fclty Costs Other Events | $653 | RentFcltyCostsOtherEventsAmt |
| Food And Beverage Other Events | $13,013 | FoodAndBeverageOtherEventsAmt |
| Entertainment Other Events | $3,250 | EntertainmentOtherEventsAmt |
| Oth Direct Expnss Other Events | $23,013 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $4,871,297 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $75,366 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $4,795,931 | GrossRevenueTotalEventsAmt |
| Non Cash Prizes Total Events | $130,691 | NonCashPrizesTotalEventsAmt |
| Rent Fclty Costs Total Events | $411,627 | RentFcltyCostsTotalEventsAmt |
| Food And Beverage Total Events | $127,641 | FoodAndBeverageTotalEventsAmt |
| Entertainment Total Events | $909,899 | EntertainmentTotalEventsAmt |
| Oth Direct Expnss Total Events | $1,656,821 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $3,236,679 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $1,559,252 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Recipient Table RecipientTable
Recipient Business Name RecipientBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WILKES COMMUNITY COLLEGE | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | DRAWER 120 COLLEGIATE DRIVE | AddressLine1Txt |
| City | WILKESBORO | CityNm |
| State Abbreviation | NC | StateAbbreviationCd |
| ZIP | 28697 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient EIN | 560846669 | RecipientEIN |
| IRC Section | GOV | IRCSectionDesc |
| Cash Grant | $2,820,162 | CashGrantAmt |
| Non Cash Assistance | $822,982 | NonCashAssistanceAmt |
| Valuation Method Used | FMV | ValuationMethodUsedDesc |
| Non Cash Assistance | CONSTRUCTION / FACILITY MAINTENANCE / TECHNOLOGY | NonCashAssistanceDesc |
| Purpose Of Grant | IMPROVE THE CAMPUS AND IMPROVE STUDENT EXPERIENCE | PurposeOfGrantTxt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION DOES NOT MONITOR THE USE OF THE GRANT FUNDS ONCE THEY ARE TRANSFERRED TO WILKES COMMUNITY COLLEGE. | ExplanationTxt |
Schedule M IRS990ScheduleM
Cars And Other Vehicles CarsAndOtherVehiclesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $4,900 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | RETAIL VALUE | MethodOfDeterminingRevenuesTxt |
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 2 | ContributionCnt |
| Noncash Contributions Rpt F990 | $54,196 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | VARIOUS ITEMS | 36 | $70,161 | RETAIL PRICES |
| Yes (X) | USED EQUIPMENT | 2 | $1,450 | RETAIL PRICES |
| Yes (X) | SCRAP STEEL | 1 | $1,000 | RETAIL PRICES |
| Yes (X) | JEWELRY | 1 | $1,000 | RETAIL PRICES |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | ORGANIZATION'S PROCESS TO REVIEW FORM 990: THE FORM 990 IS INITIALLY VERIFIED BY THE STAFF ACCOUNTANT AND THE EXECUTIVE DIRECTOR. AFTER INITIAL VERIFICATION, THE RETURN IS THEN REVIEWED AND APPROVED BY THE FINANCE COMMITTEE. THE BOARD OF DIRECTORS HAS GIVEN THE FINANCE COMMITTEE THE AUTHORITY TO APPROVE THE FORM 990 FOR FILING. THE APPROVED FORM 990 IS AVAILABLE TO THE FULL BOARD OF DIRECTORS UPON REQUEST. |
| FORM 990, PART VI, SECTION B, LINE 12C | ENFORCEMENT OF CONFLICTS POLICY: THE BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: GOVERNING DOCUMENTS ARE MADE AVAILABLE FOR INSPECTION UPON REQUEST AT THE ORGANIZATION'S OFFICE |
| FORM 990, PART XII, LINE 2C: | NO CHANGE FROM PRIOR YEAR |