2025-02-10T13:02:17-06:00 2024-06-30 561761202 MARTIN STARNES & ASSOCIATES CPAS PA 730 13TH AVENUE DR SE HICKORY NC 286025196 990 2023-07-01 237338790 WILKES COMMUNITY COLLEGE FOUNDATION INC WILK 3368386132 DRAWER 120 COLLEGIATE DRIVE WILKESBORO NC 28697 ARNOLD LAKEY PRESIDENT 3368386132 2025-01-23 1 1 FRANK F WILLIAMS CPA P00645704 8283272727 2025-01-22 2023 2025-03-06 01:10:19Z ARNOLD LAKEY DRAWER 120 COLLEGIATE DRIVE WILKESBORO NC 28697 10535096 0 X WWW.WILKESCC.EDU/GIVING X 1971 NC HELPING THE STUDENTS OF WILKES COMMUNITY COLLEGE 25 25 218 3100 0 0 2629926 2017899 0 0 323601 249004 1667095 1652101 4620622 3919004 3475390 3643145 0 0 0 0 0 0 64317 70285 85117 3545675 3728262 1074947 190742 13548963 14298684 288999 135012 13259964 14163672 HELPING THE STUDENTS OF WILKES COMMUNITY COLLEGE 0 0 3643145 3643145 IMPROVEMENTS OF WILKES COMMUNITY COLLEGE CAMPUS AND HELPING THE STUDENTS OF THE COLLEGE 3643145 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 87 6 1 218 1 0 0 0 0 0 1 1 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X X JARRETT BARKER 3368386132 DRAWER 120 COLLEGIATE DRIVE WILKESBORO NC 28697 ARNOLD LAKEY PRESIDENT 1.00 X X 0 0 0 JIM SMOAK VICE PRESIDENT 1.00 X X 0 0 0 WILLIAM WATTS TREASURER 1.00 X X 0 0 0 CAROLYN BROOKSHIRE PARDUE SECRETARY 1.00 X X 0 0 0 LINDA ABSHER DIRECTOR 0.00 X 0 0 0 EVELYN BUMGARNER DIRECTOR 0.00 X 0 0 0 DAVID BAUGUESS DIRECTOR 0.00 X 0 0 0 DAVID DEAL DIRECTOR 0.00 X 0 0 0 CLAUDE FAW DIRECTOR 0.00 X 0 0 0 CAM FINLEY DIRECTOR 0.00 X 0 0 0 BEN GARRETT DIRECTOR 0.00 X 0 0 0 LEE HERRING DIRECTOR 0.00 X 0 0 0 DANNY HOLMAN DIRECTOR 0.00 X 0 0 0 CATHY HUIE DIRECTOR 0.00 X 0 0 0 GARY JOHNSON DIRECTOR 0.00 X 0 0 0 JACKIE MALLORY DIRECTOR 0.00 X 0 0 0 CONNIE MCNEILL DIRECTOR 0.00 X 0 0 0 LUTHER PARKS DIRECTOR 0.00 X 0 0 0 CHRISTY PERRY DIRECTOR 0.00 X 0 0 0 PHIL STEVENS DIRECTOR 0.00 X 0 0 0 BILL WARDEN DIRECTOR 0.00 X 0 0 0 TAMMY WHITWORTH DIRECTOR 0.00 X 0 0 0 LEE BENTLEY DIRECTOR 0.00 X 0 0 0 JAY VANNOY DIRECTOR 0.00 X 0 0 0 MIKE RODGERS DIRECTOR 0.00 X 0 0 0 ALLISON PHILLIPS EXEC DIRECTOR 40.00 X 116567 0 0 116567 0 0 1 0 0 0 DATA NETWORK SOLUTIONS INC 4433 PAPA JOE HENDRICK BLVD CHARLOTTE NC 28262 TECHNOLOGY 382929 SE SYSTEM INC PO BOX 16963 GREENSBORO NC 27416 TECHNOLOGY 345255 PARTY REFLECTIONS INC 2750 WHITEHALL PARK DR CHARLOTTE NC 28273 ENTERTAINMENT 273828 WASSERMAN MUSIC LLC 6427 SADDLE CREEK CT HARRISBURG NC 28075 ENTERTAINMENT 158170 4 75366 1942533 132707 2017899 567702 567702 3060715 3379413 -318698 -318698 -318698 4795931 75366 3236679 1559252 1559252 SALES TAX REFUNDS 900099 94246 94246 BAD DEBT RECOVERIES 900099 -1397 -1397 92849 3919004 -318698 0 2219803 3643145 3643145 20800 20800 30522 30522 800 800 8937 8937 SUPPLIES & MATERIALS 17601 17601 FOOD EXPENSES 5125 5125 OTHER EXPENSES 848 848 EQUIPMENT RENTAL 484 484 3728262 3643145 20800 64317 2107766 1322839 163861 151749 87716 138131 21934 19515 21100 23272 301184 301184 301184 10845402 12341994 13548963 14298684 233504 67100 55495 67912 288999 135012 X 5085447 5328121 8174517 8835551 13259964 14163672 13548963 14298684 190742 712966 0 X X 0 1 X 1 0 X X 1 WILKES COMMUNITY COLLEGE 560846669 2 1 2820162 822982 1 2820162 822982 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X X 1 1 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5927657 224069 599452 6751178 5408513 181579 337565 5927657 2277258 3850549 -719294 5408513 2259205 18053 2277258 1.00000 0 0 226803 74381 301184 301184 X 6363570 712966 -1505079 -792113 7155683 -3236679 -3236679 3919004 5459862 1761046 1761046 3698816 29446 29446 3728262 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. MERLEFEST 4581161 49894 4531267 126047 410974 101622 906649 1604966 WAW GOLF TOURNAMENT 163795 22437 141358 3634 13006 28842 3 126341 3035 123306 1010 653 13013 3250 23013 4871297 75366 4795931 130691 411627 127641 909899 1656821 3236679 1559252 0 WILKES COMMUNITY COLLEGE DRAWER 120 COLLEGIATE DRIVE WILKESBORO NC 28697 560846669 GOV 2820162 822982 FMV CONSTRUCTION / FACILITY MAINTENANCE / TECHNOLOGY IMPROVE THE CAMPUS AND IMPROVE STUDENT EXPERIENCE PART I, LINE 2: THE ORGANIZATION DOES NOT MONITOR THE USE OF THE GRANT FUNDS ONCE THEY ARE TRANSFERRED TO WILKES COMMUNITY COLLEGE. X 1 4900 RETAIL VALUE X 2 54196 MARKET VALUE X VARIOUS ITEMS 36 70161 RETAIL PRICES X USED EQUIPMENT 2 1450 RETAIL PRICES X SCRAP STEEL 1 1000 RETAIL PRICES X JEWELRY 1 1000 RETAIL PRICES 0 0 0 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