Nonprofit · EIN 56-1070364
FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC
Tax-exempt · WINSTON SALEM, NC 27103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,940,532 | $2,542,499 | -$601,967 | $15,922,426 | $343,814 | $15,578,612 |
| June 30, 2024 | 990 | $1,728,323 | $1,726,115 | $2,208 | $15,627,083 | $25,025 | $15,602,058 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,193,484
- of which government grants
- $574
- Program service revenue
- $0
- Investment income
- $754,714
- Net gain from sales of assets
- $199,582
- Net income from fundraising events
- -$7,666
- Other revenue
- -$7,666
Expenses
- Grants and similar amounts paid
- $2,399,481
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $9,750
- Travel
- $15,866
- Program services (functional)
- $2,414,646
- Management and general (functional)
- $120,736
- Fundraising (functional)
- $7,117
Balance sheet and other
- Total assets, start of year
- $15,627,083
- Total assets, end of year
- $15,922,426
- Total liabilities, end of year
- $343,814
- Net assets, end of year
- $15,578,612
- Land, buildings and equipment
- $79,000
- Publicly traded securities
- $13,015,560
- Net assets without donor restrictions
- $3,446,036
- Net assets with donor restrictions
- $12,132,576
- Gross receipts
- $5,399,847
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1973
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR JANET SPRIGGS | SECRETARY Trustee or director, Officer | 1 | $0 | $323,129 | $106,124 |
| KIZZY LEA | TREASURER Trustee or director, Officer | 1 | $0 | $179,812 | $56,626 |
| DOUGLAS EVANS | OUTGOING EXECUTIVE DIRECTOR Officer | 32 | $0 | $140,647 | $45,340 |
| PRECIOUS QUIRE-MCCLOUD | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BRENT COLLINS | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHERRY CARPENTER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GREG BRAY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BEN CARSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANDY CLARKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRAJAN FUNES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EMILY HARRISON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ROBERT LEAK III | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHAN LILLIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ERIC MAYBERRY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MELISSA MCKINNEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR JANET SPRIGGS | SECRETARY Trustee or director, Officer | 1 | $0 | $295,927 | $95,810 |
| KIZZY LEA | TREASURER Trustee or director, Officer | 1 | $0 | $177,085 | $54,372 |
| DOUGLAS EVANS | EXECUTIVE DIRECTOR Officer | 32 | $0 | $77,728 | $18,123 |
| CHARLES CORPENING | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| GINGER SALT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRENT COLLINS | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PRECIOUS QUIRE-MCCLOUD | FIRST VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BETH BALDWIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHERRY CARPENTER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BRAJAN FUNES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| EDWARD GRIGGS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEPHAN LILLIE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BEN CARSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN WATTS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2100 SILAS CREEK PKWY, WINSTON SALEM, NC 27103-5150
- Principal officer (990 for 2024)
- KIZZY LEA, 2100 SILAS CREEK PARKWAY, WINSTONSALEM, NC 27103
- Signed the 990
- KIZZY LEA, TREASURER
- Phone
- (336) 734-7540
- Website
- WWW.FORSYTHTECH.EDU
- Return prepared by
- BERNARD ROBINSON & COMPANY LLP
Mission
THE PURPOSES OF THE FOUNDATION ARE TO FOSTER PUBLIC UNDERSTANDING OF, AND SUPPORT FOR, FORSYTH TECHNICAL COMMUNITY COLLEGE AND TO SOLICIT AND PROMOTE DONATIONS OF ANY KIND FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE.
Program accomplishments
- VARIOUS ENDOWMENTS AND SCHOLARSHIPS AWARDED TO STUDENTS AT FORSYTH TECHNICAL COMMUNITY COLLEGE TO HELP FINANCE THEIR HIGHER EDUCATION AND ENHANCE THE COMMUNITY THROUGH THIS EDUCATION.Expenses $520,919 · grants $520,919
- CONTRIBUTIONS TO FORSYTH TECHNICAL COMMUNITY COLLEGE FOR THE SUPPORT OF THEIR OVER 275 (236 CURRICULUM) EDUCATIONAL PROGRAMS PROVIDED TO OVER 11,800 CREDIT STUDENTS AND 9,000 CORPORATE AND CONTINUING EDUCATION STUDENTS.Expenses $1,893,727 · grants $1,878,562
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1070364
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B41)
- Assets (IRS master file)
- $15,922,426
- Income (IRS master file)
- $5,399,847
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,940,532 | $2,542,499 | $15,922,426 | XML |
| 990 | June 2024 | $1,728,323 | $1,726,115 | $15,627,083 | XML |
| 990 | June 2023 | $2,351,370 | $2,561,054 | $14,533,335 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-1070364).
Questions about FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC
- What is the EIN of FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC is 56-1070364.
- Is FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names KIZZY LEA.
- Who are the officers and directors of FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
- How much revenue does FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,940,532, expenses of $2,542,499 and total assets of $15,922,426 at year end.
Other nonprofits in WINSTON SALEM
- SALEM ACADEMY & COLLEGE EIN 56-0530005 · last filed 990 for 2025
- SUMMIT SCHOOL INC EIN 56-0547519 · last filed 990 for 2025
- CAROLINA UNIVERSITY EIN 56-0594591 · last filed 990 for 2025
- WINSTON-SALEM STATE UNIVERSITY FOUNDATION INCORPORATED EIN 56-0989620 · last filed 990 for 2025
- QUALITY EDUCATION ACADEMY EIN 56-2017872 · last filed 990 for 2025
- SMART START OF FORSYTH COUNTY EIN 56-1899564 · last filed 990 for 2025
- UNIVERSITY OF NORTH CAROLINA SCHOOL OF THE ARTS FOUNDATION INC EIN 56-6064850 · last filed 990 for 2025
- WINSTON-SALEM ACADEMY INC EIN 56-2108610 · last filed 990 for 2025
All nonprofits in WINSTON SALEM · North Carolina · Education