2025-09-22T15:09:21-05:00 2024-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2023-07-01 561556512 FOUNDATION OF WAYNE COMMUNITY COLLEGE FOUN 9197397007 PO BOX 8002 GOLDSBORO NC 275338002 ADRIENNE NORTHINGTON EXECUTIVE DIRECTOR 9197397007 2025-09-22 1 1 REBECCA FISHER P01690017 7044993893 2025-09-22 2023 2025-03-06 01:10:19Z ADRIENNE NORTHINGTON PO BOX 8002 GOLDSBORO NC 275338002 1994989 0 X WWW.WAYNECC.EDU/FOUNDATION X 1986 NC WE PROVIDE COMMUNITY SUPPORT AND PROMOTE THE EDUCATIONAL DEVELOPMENT OF WCC THROUGH SEVERAL INITIATIVES. THESE INCLUDE ESTABLISHING AN ENDOWMENT FUND, OFFERING FINANCIAL AID, RECOGNIZING OUTSTANDING STAFF, AND SPONSORING SEMINARS AND WORKSHOPS. 22 22 0 100 0 0 1836200 1617867 0 0 244715 377122 0 -30697 2080915 1964292 398670 377274 0 0 224647 0 0 0 26716 670686 397962 1294003 775236 786912 1189056 11141813 13103224 44695 34397 11097118 13068827 WE PROVIDE COMMUNITY SUPPORT AND PROMOTE THE EDUCATIONAL DEVELOPMENT OF WCC THROUGH SEVERAL INITIATIVES. THESE INCLUDE ESTABLISHING AN ENDOWMENT FUND, OFFERING FINANCIAL AID, RECOGNIZING OUTSTANDING STAFF, AND SPONSORING SEMINARS AND WORKSHOPS. 0 0 631155 377274 WE PROVIDE COMMUNITY SUPPORT AND PROMOTE THE EDUCATIONAL DEVELOPMENT OF WCC THROUGH SEVERAL INITIATIVES. THESE INCLUDE ESTABLISHING AN ENDOWMENT FUND, OFFERING FINANCIAL AID, RECOGNIZING OUTSTANDING STAFF, AND SPONSORING SEMINARS AND WORKSHOPS. 631155 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 X ADRIENNE NORTHINGTON 9197397007 PO BOX 8002 GOLDSBORO NC 275338002 MARY MILLS BORDEN CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 SCOTT NEWTON VICE CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 VEDA MCNAIR TRUSTEE CHAIRMAN 1.00 X X 0 0 0 JAMES V FAULK TRUSTEE VICE CHAIRMAN 1.00 X X 0 0 0 ROSS BALANCE BOARD MEMBER 1.00 X 0 0 0 PAIGE BARWICK BOARD MEMBER 1.00 X 0 0 0 NEAL BENTON BOARD MEMBER 1.00 X 0 0 0 MUNROEJACK BEST JR BOARD MEMBER 1.00 X 0 0 0 ELLEN BLAND BOARD MEMBER 1.00 X 0 0 0 LARRY BOYCE BOARD MEMBER 1.00 X 0 0 0 SCOTTIE BRYAN BOARD MEMBER 1.00 X 0 0 0 YUSEF EWAIS BOARD MEMBER 1.00 X 0 0 0 JOE GARNER BOARD MEMBER 1.00 X 0 0 0 BILL HUNTER BOARD MEMBER 1.00 X 0 0 0 JUSTIN MCLAMB BOARD MEMBER 1.00 X 0 0 0 JIM PARKER BOARD MEMBER 1.00 X 0 0 0 BEECHER SMITH BOARD MEMBER 1.00 X 0 0 0 LAURA STRICKLAND BOARD MEMBER 1.00 X 0 0 0 DR JESSIE TUCKER BOARD MEMBER 1.00 X 0 0 0 LESLIE WEIL BOARD MEMBER 1.00 X 0 0 0 KEVIN WOODARD BOARD MEMBER 1.00 X 0 0 0 ROSS ZACHARZUK BOARD MEMBER 1.00 X 0 0 0 EMILY BYRD EXECUTIVE DIRECTOR 40.00 X 0 57651 0 0 57651 0 0 0 0 0 0 214255 1403612 1617867 377122 377122 0 214255 30697 -30697 -30697 1964292 0 0 346425 377274 377274 1200 1200 44879 44879 8532 8532 1295 1295 453 453 4818 4818 4164 4164 9767 9767 SPECIAL PURPOSE FUNDS 289301 253581 28576 7144 SPECIAL EVENTS 18577 300 18277 MISCELLANEOUS 10469 10469 SCHOLARSHIP EXPENSES 4507 4507 775236 631155 117365 26716 1815968 3314609 194202 802282 671968 908 228000 29906 207861 198094 8314702 8722443 1000 1000 11141813 13103224 44695 34397 44695 34397 X 2592951 2848263 8504167 10220564 11097118 13068827 11141813 13103224 1189056 782653 0 X 0 1 X 1 0 X 949948 853077 2619460 1836200 1617867 7876552 949948 853077 2619460 1836200 1617867 7876552 1476923 6399629 269984 203763 507519 244715 377122 1603103 9479655 0.67510 0.83070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2690852 40473 2731325 7086465 75774 -4471387 2690852 7086465 7086465 5883554 397064 837568 31721 7086465 5520348 390861 27655 5883554 0.19830 0.28270 0.51900 0 0 160000 160000 23000 1406 21594 45000 28500 16500 198094 X 2901471 782653 168708 951361 1950110 44879 -30697 14182 1964292 929762 168708 30697 199405 730357 44879 44879 775236 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUND CONSISTS OF APPROXIMATELY 48 INDIVIDUAL FUNDS, EACH ESTABLISHED TO PROVIDE SCHOLARSHIPS AND OTHER FORMS OF FINANCIAL AID TO THE COLLEGE. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE SERVICE ("IRS") CODE SECTION 501(C)(3). DURING THE YEAR ENDED JUNE 30, 2024, THE FOUNDATION REPORTED NO UNRELATED BUSINESS TAXABLE INCOME, WHICH IS DEFINED BY THE IRS AS GROSS INCOME DERIVED FROM ANY UNRELATED TRADE OR BUSINESS THAT IS NOT SUBSTANTIALLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. THE FOUNDATION ADOPTED THE PROVISIONS OF FASB ASC 740-10-25, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THIS PROVISION, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH A TAX POSITION TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX YEARS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2018. AS OF JUNE 30, 2024, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES TO PART VIII -30,697. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES TO PART VIII 30,697. FOUNDATION OF WCC INVITATIONAL 214255 214255 7325 3770 12384 1599 5619 214255 214255 7325 3770 12384 1599 5619 30697 -30697 1 SCHOLARSHIPS & GRANTS 384 367070 GRANTS 21 10204 PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS AND ASSISTANCE ON AN INDIVIDUAL BASIS. THIS INCLUDES REGULAR FOLLOW-UP, DOCUMENTATION REVIEW, AND COMMUNICATION WITH RECIPIENTS TO ENSURE FUNDS ARE USED APPROPRIATELY AND IN ALIGNMENT WITH THE GRANT'S PURPOSE. FORM 990, PART VI, SECTION B, LINE 11B INDEPENDENT AUDITORS AND THE CHIEF FINANCIAL OFFICER REVIEW FORM 990 FOR ACCURACY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED THROUGH A REVIEW AND APPROVAL PROCESS CONDUCTED BY THE ORGANIZATION'S BOARD. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC. WAYNE COMMUNITY COLLEGE PO BOX 8002 GOLDSBORO NC 27530 560792849 EDUCATION NC 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 WAYNE COMMUNITY COLLEGE N 10613 FMV WAYNE COMMUNITY COLLEGE O 158095 FMV WAYNE COMMUNITY COLLEGE R 660878 FMV