2024-05-02T15:44:48-04:00 2023-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-07-01 561993458 ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE FOUNDATION ASHE 8283987176 340 VICTORIA ROAD ASHEVILLE NC 28801 WILLIAM SEDERBURG DIRECTOR 8283987176 2024-04-26 true WILLIAM SEDERBURG 999009999 true MEGAN A RIDGLEY CPA P01317611 7044993893 2024-04-26 2022 2023-04-26 12:10:37Z WILLIAM SEDERBURG 2007580 false X ABTECH.EDU/ABOUT/COLLEGE-ADVANCEMENT X 1996 NC TO SUPPORT ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE IN ALL OF ITS PROGRAMS AND ACTIVITIES TO ENSURE THAT QUALITY EDUCATIONAL OPPORTUNITIES ARE AVAILABLE TO ITS STUDENTS, FACULTY, AND STAFF. 32 32 0 29 0 1580203 1655586 0 385606 282970 11830 47288 1977639 1985844 529549 754795 0 53196 0 0 24581 658277 1004075 1241022 1758870 736617 226974 15076753 15990740 29171 19520 15047582 15971220 X THE MISSION OF THE FOUNDATION IS TO SUPPORT ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE IN ALL OF ITS PROGRAMS AND ACTIVITIES TO ENSURE THAT QUALITY EDUCATIONAL OPPORTUNITIES ARE AVAIALBLE TO ITS STUDENTS, FACULTY, AND STAFF. false false 753281 20212 THE FOUNDATION PROVIDES SUPPORT TO THE CAMPUS IN THE FORM OF FUNDING FOR CAPITAL PROJECTS, DEPARTMENTAL SUPPORT, AND OTHER PROJECTS. 701871 596851 STUDENT SCHOLARSHIPS AND SUPPORT: THE FOUNDATION AWARDED CURRICULUM AND CONTINUING EDUCATION SCHOLARSHIPS IN ORDER TO MEET THE INCREASING FINANCIAL NEED OF A-B TECH COMMUNITY COLLEGE STUDENTS. THE FOUNDATION ALSO ADMINISTERED A VARIETY OF GRANT-FUNDED PROJECTS ON BEHALF OF A-B TECH COMMUNITY COLLEGE. 48896 39503 OTHER STUDENT SUPPORT: THE FOUNDATION RECOGNIZES THE INCREASING EMERGENCY NEEDS OF THE COMMUNITY COLLEGE STUDENTS. THE FOUNDATION ALONG WITH OTHER GRANT FUNDERS CONTINUE TO PROVIDE MONETARY SUPPORT FOR THESE EMERGENCY FUNDS NEEDS, SUCH AS TRANSPORTATION, MEDICAL, UTILITIES, UNIFORMS, TOOLS, AND TESTING FEES. 98229 98229 PROFESSIONAL DEVELOPMENT - THE FOUNDATION CONTINUES TO SUPPORT THE NEEDS OF ADDITIONAL STAFF, FACULTY, AND ADJUNCT TRAINING THROUGH ANNUAL AWARDS. 98229 98229 1602277 true true false true false false false false false true false true false true false true true false false false false false false false true false false true true false false false false false false false false false true false false false false true false false false true 10 0 true 0 false false false false false true true false false false false false false false false X 32 32 false false false false false false false true true false false false true true true false false true false false X X MEREDITH LEDFORD 8283987137 340 VICTORIA ROAD ASHEVILLE NC 28801 AMANDA EDWARDS EXECUTIVE DI 40.00 X 0 89639 0 ZANE ADAMS DIRECTOR 1.00 X 0 0 0 VICKI BANKS DIRECTOR 1.00 X 0 0 0 YOLANDA BOPP DIRECTOR 1.00 X 0 0 0 BRANDY BOWMAN DIRECTOR 1.00 X 0 0 0 TIM BRAMLEY DIRECTOR 1.00 X 0 0 0 JOE BRUMIT DIRECTOR 1.00 X 0 0 0 ANTHONY CERRATO DIRECTOR 1.00 X 0 0 0 ANNETTE COLEMAN VICE CHAIR 1.00 X X 0 0 0 SHELIA ELINGBURG DIRECTOR 1.00 X 0 0 0 KRISTY ELLIOTT DIRECTOR 1.00 X 0 0 0 GARY FOSS DIRECTOR 1.00 X 0 0 0 CHARLES FREDERICK BOARD CHAIR 1.00 X X 0 0 0 JOHN GOSSETT SECRETARY 2.00 X X 0 0 0 DR WILLIAM HOFFMAN DIRECTOR 1.00 X 0 0 0 RICHARD HURLEY DIRECTOR 1.00 X 0 0 0 VICTORIA ISLEY DIRECTOR 1.00 X 0 0 0 MATT KERN DIRECTOR 1.00 X 0 0 0 MICHAEL KYRZANEK DIRECTOR 1.00 X 0 0 0 DAVID MCCARTNEY DIRECTOR 1.00 X 0 0 0 ANITA METCALF DIRECTOR 1.00 X 0 0 0 BEVERLY MILLER DIRECTOR 1.00 X 0 0 0 ANTHONY PALAZZO DIRECTOR 1.00 X 0 0 0 MEGAN RAGLAND DIRECTOR 1.00 X 0 0 0 ROBIN RAMSEY DIRECTOR 1.00 X 0 0 0 LARY SCHULFHOF DIRECTOR 1.00 X 0 0 0 WILLIAM SEDERBURG DIRECTOR 1.00 X 0 0 0 O'NEAL SHELTON DIRECTOR 1.00 X 0 0 0 STEVEN SIZEMORE DIRECTOR 1.00 X 0 0 0 ANN SKOGLUND DIRECTOR 1.00 X 0 0 0 RON STORTO TREASURER 1.00 X X 0 0 0 WHITNEY WHITSON DIRECTOR 1.00 X 0 0 0 DIRK WILMOTH DIRECTOR 1.00 X 0 0 0 89639 false false false 109508 259994 1286084 175876 1655586 170390 170390 112580 112580 112580 112580 60028 109508 21736 38292 OTHER 8996 8996 8996 1985844 8996 282970 20212 20212 734583 734583 11270 11270 55645 55645 675 675 15714 15714 48708 48708 GRANT FUNDED EXPENSES 512971 512971 IN KIND GOODS 175875 151294 24581 PROJECT EXPENSES 81729 81729 SALARIES 52145 52145 49343 49343 1758870 1602277 132012 24581 108783 178363 2609584 2879079 2501523 2457543 37124 26860 8316838 8667973 1502901 1780922 15076753 15990740 29171 19520 29171 19520 X 2003575 2196005 13044007 13775215 15047582 15971220 15076753 15990740 X 226974 418644 278020 X false true true false X 943962 878185 1671904 1580203 1655586 6729840 943962 878185 1671904 1580203 1655586 6729840 1150282 5579558 153284 149000 106324 101638 170390 680636 7410476 309209 0.75290 0.78630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1758870 1758870 237944 59486 230169 194377 191968 237944 854458 1281687 57542 48594 47992 59486 213614 320421 SCHEDULE C, PART II-A NO LOBBYING ACTIVITIES NOTED FOR THE 2023 YEAR. 6979746 172630 492932 346703 7298605 8074402 222135 -1011105 305686 6979746 6642383 56250 1647932 272163 8074402 6773747 83164 27533 242061 6642383 6615164 154718 185558 181693 6773747 0.16810 0.83190 false false FUNDS HELD WITH CFWNC 8667973 F 8667973 BENFICIAL INTEREST - REMAINDER TRUST 1780922 1780922 X 3134032 418644 485433 299756 1203833 1930199 55645 55645 1985844 2210394 485433 21736 507169 1703225 55645 55645 1758870 SCHEDULE D, PAGE 2, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 70 INDIVIDUAL DONOR-RESTRICTED FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C) (3)OF THE IRS. EXEMPT ORGANIZATIONS, HOWEVER, MAY BE SUBJECT TO INCOME TAX ON URELATED BUSINESS INCOME. THE FOUNDATION HAD MINIMAL INCOME FROM BUSINESS ACTIVITIES IN 2023 AND 2022 AND WAS THEREFORE, NOT REQUIRED TO FILE FEDERAL FORM 990-T(EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN). THE FOUNDATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ALL TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSISTIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D CHANGE IN VALUE - CHARITABLE REMAINDER TRUSTS 278,020 SPECIAL EVENT EXPENSES REPORTED NET OF EVENT REVENUE 21,736 SCHEDULE D, PAGE 4, PART XII, LINE 2D SPECIAL EVENT EXPENSES REPORTED NET OF EVENT REVENUE 21,736 AUTUMN IN ASHEV 80331 42891 37440 4820 GOLF TOURNAMENT 78214 65629 12585 400 6182 6860 632 734 158545 108520 50025 400 6182 6860 632 5554 19628 30397 true A-B TECH COMMUNITY COLLEGE 340 VICTORIA ROAD ASHEVILLE NC 28801 20212 COST EQUIP./SUPPLIES OPERATIONAL SUPPORT 1 EMERGENCY FUNDS 181 39503 PROFESSIONAL DEVELOPMENT 146 98229 STUDENT SCHOLARSHIPS 369 596851 SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS ENROLLED IN A-B TECH COMMUNITY COLLEGE. STUDENTS ARE SELECTED BY COMMITTEES OF FACULTY, STAFF, BOARD MEMBERS AND COMMUNITY REPRESENTATIVES ESTABLISHED BY THE RESOURCE DEVELOPMENT COORDINATOR. THE FOUNDATION'S POLICY IS TO AWARD SCHOLARSHIPS BASED ON FINANCIAL NEED AND ACADEMIC PERFORMANCE, ON A NON-DISCRIMINATORY BASIS. IN ADDITION, MANY SCHOLARSHIPS HAVE SPECIAL TERMS AND CONDITIONS THAT HAVE BEEN ESTABLISHED BY THE DONOR WHO ESTABLISHED THE SCHOLARSHIP FUND. X 320 FMV X 1130 FMV X 1 35172 FMV X 11 12017 FMV X FUNDRASING PRIZ 62 18090 FMV X PROGRAM EQUIPME 7 103814 FMV X FUNRAISING FOOD 10 5333 FMV false false false FORM 990 - ORGANIZATION'S MISSION THE MISSION OF THE FOUNDATION IS TO SUPPORT ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE IN ALL OF ITS PROGRAMS AND ACTIVITIES TO ENSURE THAT QUALITY EDUCATIONAL OPPORTUNITIES ARE AVAIALBLE TO ITS STUDENTS, FACULTY, AND STAFF. FORM 990, PAGE 2, PART III, LINE 4D PROFESSIONAL DEVELOPMENT - THE FOUNDATION CONTINUES TO SUPPORT THE NEEDS OF ADDITIONAL STAFF, FACULTY, AND ADJUNCT TRAINING THROUGH ANNUAL AWARDS. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED BY THE FOUNDATION FINANCE AND EXECUTIVE COMITTEES. A PUBLIC DISCLOSURE COPY OF THE FORM 990 IS PRESENTED TO THE FULL BOARD FOR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C NEW AND REAPPOINTED BOARD MEMBERS ARE REQUIRED TO ATTEND A BOARD OF DIRECTORS ORIENTATION SESSION UPON APPOINTMENT/REAPPOINTMENT. DURING THE SESSION, BOARD MEMBERS FILL OUT A CONFLICT OF INTEREST DISCLOSURE STATEMENT STATING THEIR NAME, EMPLOYER, POSITION, AND AFFILIATED ORGANIZATIONS. DIRECTORS WITH A CONFLICT SHALL DISCLOSE THE CONFLICT AT THE MEETING AND REFRAIN FROM VOTING ON THE MATTER RELATED TO THE CONFLICT. FORM 990, PAGE 6, PART VI, LINE 15A FOUNDATION EMPLOYEES ARE CONSIDERED EMPLOYEES OF ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE. THE COLLEGE PAYS THE SALARIES OF FOUNDATION EMPLOYEES. AS SUCH, THE COLLEGE HANDLES COMPENSATION SETTING UNDER ITS COMPENASATION POLICY. FORM 990, PAGE 6, PART VI, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9 CHANGE IN VALUE - CHARITABLE REMAINDER TRUSTS 278,020 SPECIAL EVENT EXPENSES REPORTED NET OF EVENT REVENUE 21,736 SPECIAL EVENT EXPENSES REPORTED NET OF EVENT REVENUE -21,736 TOTAL 278,020 ASHEVILLE BUNCOMBE TECHNICAL COMMUNITY COLLEGE 340 VICTORIA ROAD ASHEVILLE NC 28801 2 N/A false false false true false false false false false false false false false false false true true false false false A-B TECHNICAL COMMUNITY COLLEGE P 669208 MARKET VALUE A-B TECHNICAL COMMUNITY COLLEGE R 485433 MARKET VALUE NO LOBBYING ACTIVITIES NOTED FOR THE 2023 YEAR.