Nonprofit · EIN 58-1308578
CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC
Tax-exempt · WILMINGTON, NC 28401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $21,437,988 | $9,873,639 | $11,564,349 | $42,274,819 | $166,103 | $42,108,716 |
| June 30, 2024 | 990 | $15,132,930 | $3,454,363 | $11,678,567 | $29,644,658 | $517,031 | $29,127,627 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $20,289,801
- Program service revenue
- $0
- Investment income
- $1,148,187
- Net gain from sales of assets
- $7,837
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,241,278
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $10,500
- Travel
- $5,560
- Program services (functional)
- $9,575,178
- Management and general (functional)
- $250,007
- Fundraising (functional)
- $48,454
Balance sheet and other
- Total assets, start of year
- $29,644,658
- Total assets, end of year
- $42,274,819
- Total liabilities, end of year
- $166,103
- Net assets, end of year
- $42,108,716
- Publicly traded securities
- $27,912,568
- Net assets without donor restrictions
- $1,323,717
- Net assets with donor restrictions
- $40,784,999
- Gross receipts
- $21,437,988
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1969
- 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 |
|---|---|---|---|
| TIFFANY BARLOW | CHAIR Trustee or director, Officer | 1 | $0 |
| TERESA HUFFMON | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| DR JANIE CANTY-MITCHELL | DIRECTOR Trustee or director, Officer | 1 | $0 |
| BILL BAGGETT | DIRECTOR Trustee or director | 1 | $0 |
| HANNAH HOLT | DIRECTOR Trustee or director | 1 | $0 |
| MARY ELLEN BONCZEK | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| DR MICHAEL PENLAND | DIRECTOR Trustee or director | 1 | $0 |
| DR EDWARD RICCIARDELLI | DIRECTOR Trustee or director | 1 | $0 |
| HOWARD STEIN | DIRECTOR Trustee or director | 1 | $0 |
| MORGAN SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
| SHEREE DARIEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR JANIE CANTY-MITCHELL | CHAIR Trustee or director, Officer | 1 | $0 |
| JENNIFER CRANFORD | VICE CHAIR Trustee or director, Officer | 1 | $0 |
| TERESA HUFFMON | FINANCE CHAIR Trustee or director, Officer | 1 | $0 |
| BILL BAGGETT | DIRECTOR Trustee or director | 1 | $0 |
| TIFFANY BARLOW | DIRECTOR Trustee or director | 1 | $0 |
| HANNAH HOLT | DIRECTOR Trustee or director | 1 | $0 |
| MARY ELLEN BONCZEK | DIRECTOR Trustee or director | 1 | $0 |
| GEORGE JOHNSON | DIRECTOR Trustee or director | 1 | $0 |
| DR MICHAEL PENLAND | DIRECTOR Trustee or director | 1 | $0 |
| DR EDWARD RICCIARDELLI | DIRECTOR Trustee or director | 1 | $0 |
| DR RUDI RICHMAND | DIRECTOR Trustee or director | 1 | $0 |
| HOWARD STEIN | DIRECTOR Trustee or director | 1 | $0 |
| INZA WALSTON | DIRECTOR Trustee or director | 1 | $0 |
| JACK FULLER | DIRECTOR Trustee or director | 1 | $0 |
| MAGGIE STARGELL | DIRECTOR Trustee or director | 1 | $0 |
| MATT WHITE | DIRECTOR Trustee or director | 1 | $0 |
| LANDON ZIMMER | DIRECTOR Trustee or director | 1 | $0 |
| LOUISE MCCOLL | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 411 N FRONT ST, WILMINGTON, NC 28401-3910
- Principal officer (990 for 2024)
- TERESA HUFFMON, 411 NORTH FRONT STREET, WILMINGTON, NC 28401
- Signed the 990
- TERESA HUFFMON, VICE CHAIR
- Phone
- (910) 362-7101
- Website
- HTTPS://CFCC.EDU/FOUNDATION/
- Return prepared by
- SHARPE PATEL CPA
Mission
TO PROVIDE SCHOLARSHIPS FOR COLLEGE STUDENTS AND TO SUPPORT THE PROGRAMS OF CAPE FEAR COMMUNITY COLLEGE.
Program accomplishments
- SCHOLARSHIPS TO STUDENTS AT CAPE FEAR COMMUNITY COLLEGE AND MINI-GRANTS TO INSTRUCTORS, BASED ON DOCUMENTED CRITERIA.Expenses $1,241,278 · grants $1,241,278
- DONATIONS OF CASH TO CAPE FEAR COMMUNITY COLLEGE FOR EDUCATIONAL SUPPORT AND FOR VARIOUS SERVICES AND IMPROVEMENTS AND TO ASSIST IN GENERATING CASH AND NON-CASH SUPPORT FROM BUSINESSES AND INDIVIDUALS TO HELP FURTHER THE PROGRAMS OF THE COLLEGE.Expenses $8,278,121
- DONATIONS OF NON-CASH ITEMS TO CAPE FEAR COMMUNITY COLLEGE TO HELP FURTHER THE PROGRAMS OF THE COLLEGE.Expenses $55,779
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
- 58-1308578
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $42,274,819
- Income (IRS master file)
- $21,437,988
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $21,437,988 | $9,873,639 | $42,274,819 | IRS |
| 990 | June 2024 | $15,132,930 | $3,454,363 | $29,644,658 | XML |
| 990 | June 2023 | $3,780,621 | $1,605,389 | $19,282,538 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 58-1308578).
Questions about CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC
- What is the EIN of CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC is 58-1308578.
- Is CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CAPE FEAR 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 CAPE FEAR 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 CAPE FEAR 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 CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names TERESA HUFFMON.
- Who are the officers and directors of CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $21,437,988, expenses of $9,873,639 and total assets of $42,274,819 at year end.
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