2025-09-25T08:49:14-05:00 2024-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2023-07-01 561993458 ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE FOUNDATION ASHE 8283987176 340 VICTORIA ROAD ASHEVILLE NC 28801 MELISSA VALKO CFO/TREASURER 8283987176 2025-09-24 1 1 REBECCA FISHER P01690017 7044993893 2025-09-24 2023 2025-03-06 01:10:19Z AMANDA EDWARDS 340 VICTORIA ROAD ASHEVILLE NC 28801 2518945 0 X ABTECH.EDU/ABOUT/COLLEGE-ADVANCEMENT X 1996 NC TO SUPPORT ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE IN ALL OF ITS PROGRAMS AND ACTIVITIES, ENSURING THAT QUALITY EDUCATIONAL OPPORTUNITIES ARE AVAILABLE TO ITS STUDENTS, FACULTY, AND STAFF. 30 28 0 55 0 0 1655586 2063549 0 0 282970 330414 47288 90337 1985844 2484300 754795 725782 0 0 0 0 0 0 37621 1004075 1680504 1758870 2406286 226974 78014 15990740 16173132 19520 39870 15971220 16133262 X TO SUPPORT ASHEVILLE-BUNCOMBE TECHNICAL COMMUNITY COLLEGE IN ALL OF ITS PROGRAMS AND ACTIVITIES, ENSURING THAT QUALITY EDUCATIONAL OPPORTUNITIES ARE AVAILABLE TO ITS STUDENTS, FACULTY, AND STAFF. 0 0 932261 0 16330 THE FOUNDATION PROVIDES SUPPORT TO THE CAMPUS THROUGH FUNDING FOR CAPITAL PROJECTS, DEPARTMENTAL INITIATIVES, AND OTHER SPECIAL PROJECTS. 744515 582896 0 STUDENT SCHOLARSHIPS AND SUPPORT:THE FOUNDATION AWARDED CURRICULUM AND CONTINUING EDUCATION SCHOLARSHIPS TO HELP MEET THE INCREASING FINANCIAL NEED OF A-B TECH COMMUNITY COLLEGE STUDENTS. IN ADDITION, THE FOUNDATION ADMINISTERED A VARIETY OF GRANT-FUNDED PROJECTS ON BEHALF OF A-B TECH COMMUNITY COLLEGE. 60571 55625 0 OTHER STUDENT SUPPORT:THE FOUNDATION RECOGNIZES THE GROWING EMERGENCY NEEDS OF COMMUNITY COLLEGE STUDENTS. IN PARTNERSHIP WITH OTHER GRANT FUNDERS, THE FOUNDATION CONTINUES TO PROVIDE FINANCIAL SUPPORT FOR EMERGENCY NEEDS SUCH AS TRANSPORTATION, MEDICAL EXPENSES, UTILITIES, UNIFORMS, TOOLS, AND TESTING FEES. 87261 87261 0 PROFESSIONAL DEVELOPMENT:THE FOUNDATION CONTINUES TO SUPPORT THE NEEDS OF ADDITIONAL STAFF, FACULTY, AND ADJUNCT TRAINING THROUGH ANNUAL AWARDS. 87261 87261 0 1824608 1 1 0 1 0 0 0 0 0 1 0 1 0 1 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 9 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 30 28 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 X X KRISTABELL CERTAIN 8283987358 340 VICTORIA ROAD ASHEVILLE NC 28801 DAN D ANDERSON DIRECTOR 1.00 X 0 0 0 ELIZABETH BAILEY 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 DANIEL BRADSHAW DIRECTOR 1.00 X 0 0 0 ANTHONY CERRATO DIRECTOR 1.00 X 0 0 0 ANNETTE COLEMAN BOARD 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 VICE CHAIR 1.00 X X 0 0 0 CHARLES FREDERICK DIRECTOR 1.00 X 0 0 0 JOHN GOSSETT SECRETARY 2.00 X X 0 258897 13554 RICHARD B HURLEY DIRECTOR 1.00 X 0 0 0 VIC ISLEY DIRECTOR 1.00 X 0 0 0 MATT KERN DIRECTOR 1.00 X 0 0 0 MICHAEL KRYZANEK DIRECTOR 1.00 X 0 0 0 JANE MANEY 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 TONY PALAZZO DIRECTOR 1.00 X 0 0 0 MEG RAGLAND DIRECTOR 1.00 X 0 0 0 ROBIN RAMSEY DIRECTOR 1.00 X 0 0 0 LARY SCHULHOF DIRECTOR 1.00 X 0 0 0 WILLIAM SEDERBURG TREASURER 1.00 X X 0 0 0 ONEAL SHELTON DIRECTOR 1.00 X 0 0 0 STEVEN W SIZEMORE DIRECTOR 1.00 X 0 0 0 RON STORTO DIRECTOR 1.00 X 0 0 0 WHITNEY WHITSON DIRECTOR 1.00 X 0 0 0 DIRK WILMOTH TREASURER 10.00 X X 0 123338 14189 AMANDA EDWARDS EXECUTIVE DIRECTOR 40.00 X 0 91537 234 0 473772 27977 0 0 1 0 0 61100 391179 1611270 65457 2063549 253534 253534 76880 0 76880 76880 76880 108652 61100 34645 74007 74007 OTHER 900099 16330 16330 16330 2484300 16330 0 404421 725782 725782 11270 11270 56290 56290 23089 23089 53408 53408 GRANT FUNDED EXPENSES 846552 846552 BAD DEBT 400000 400000 PROJECT EXPENSES 149343 149343 IN KIND GOODS 65457 27836 37621 75095 75095 2406286 1824608 544057 37621 178363 2879079 3249145 2457543 2300563 26860 31057 8667973 9304614 1780922 1287753 15990740 16173132 19520 39870 19520 39870 X 2196005 2251382 13775215 13881880 15971220 16133262 15990740 16173132 X 78014 577197 -493169 X 0 1 X 1 0 X 878185 1671904 1580203 1655586 2063549 7849427 878185 1671904 1580203 1655586 2063549 7849427 472318 7377109 149000 106324 101638 170390 253534 780886 108652 108652 8738965 37411 0.84420 0.75290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2406286 2406286 270314 67579 0 0 194377 191968 237944 270314 894603 1341905 48594 47992 59486 67579 223651 335477 7298605 343191 628177 357348 7912625 6979746 172630 492932 346703 7298605 8074402 222135 -1011105 305686 6979746 6642383 56250 1647932 272163 8074402 6773747 83164 27533 242061 6642383 0.16810 0.83190 0 0 0 FUNDS HELD WITH CFWNC 9304614 F 9304614 BENEFICIAL INTEREST - REMAINDER TRUST 1287753 1287753 X 3085282 577197 538599 -493169 622627 2462655 56290 -34645 21645 2484300 2923240 538599 538599 2384641 56290 -34645 21645 2406286 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 90 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 THOSE AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. EXEMPT ORGANIZATIONS, HOWEVER, MAY BE SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME. THE FOUNDATION HAD MINIMAL INCOME FROM UNRELATED BUSINESS ACTIVITIES IN 2024 AND 2023 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 POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE - CHARITABLE REMAINDER TRUST -493,169. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES TO PART VIII -34,645. PART XII, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -34,645. GOLF TOURNAMENT 66883 38850 28033 400 1440 7350 1281 11541 AUTUMN IN ASHEVILLE 92610 22250 70360 11127 2 10259 10259 1506 169752 61100 108652 400 1440 7350 1281 24174 34645 74007 1 STUDENT SCHOLARSHIPS 341 582896 PROFESSIONAL DEVELOPMENT 67 87261 EMERGENCY FUNDS 115 55625 PART I, LINE 2: THE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS ENROLLED AT 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 CREATED THE SCHOLARSHIP FUND. 0 0 0 0 0 0 0 0 0 JOHN GOSSETT SECRETARY 0 258897 0 0 0 0 0 0 0 13554 0 272451 0 0 X FUNDRAISING SUPPLIES 1 37621 FMV X PROGRAM EQUIPMENT/SUPPLIES 1 26536 FMV X CLOTHES 1 1300 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER. A PUBLIC DISCLOSURE COPY OF THE FORM 990 IS PRESENTED TO THE FULL BOARD AND MADE AVAILABLE ON THE ABTECH.EDU WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C NEW AND REAPPOINTED BOARD MEMBERS ARE REQUIRED TO ATTEND A BOARD OF DIRECTORS ORIENTATION SESSION UPON APPOINTMENT OR REAPPOINTMENT. DURING THE SESSION, BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT, WHICH INCLUDES THEIR NAME, EMPLOYER, POSITION, AND AFFILIATED ORGANIZATIONS. DIRECTORS WITH A CONFLICT MUST DISCLOSE THE CONFLICT AT THE MEETING AND REFRAIN FROM VOTING ON ANY MATTER RELATED TO IT. FORM 990, PART VI, SECTION B, 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 COMPENSATION POLICY. FORM 990, PART VI, SECTION C, 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 TRUST -493,169. ASHEVILLE BUNCOMBE TECHNICAL COLLEGE 340 VICTORIA ROAD ASHEVILLE NC 28801 560792170 SCHOOL NC 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 ASHEVILLE BUNCOMBE TECHNICAL COLLEGE R 582896 FMV ASHEVILLE BUNCOMBE TECHNICAL COLLEGE P 71622 FMV ASHEVILLE BUNCOMBE TECHNICAL COLLEGE O 538599 FMV