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Nonprofit · EIN 58-1598131

CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION INC

Tax-exempt · HICKORY, NC 28602

Financials

$1.8M$1.6M2023$3.9M$932K2024
Revenue Expenses · by fiscal year end
Financials of CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$3,947,431$932,036$3,015,395$13,244,198$1,781$13,242,417
June 30, 2024990$1,846,972$1,623,552$223,420$10,329,933$2,910$10,327,023
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$2,561,891
Program service revenue
$0
Investment income
$254,101
Net gain from sales of assets
$38,783
Other revenue
$1,131,439

Expenses

Grants and similar amounts paid
$599,791
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$36,895
Depreciation
$63,093
Program services (functional)
$823,908
Management and general (functional)
$73,920
Fundraising (functional)
$34,208

Balance sheet and other

Total assets, start of year
$10,329,933
Total assets, end of year
$13,244,198
Total liabilities, end of year
$1,781
Net assets, end of year
$13,242,417
Land, buildings and equipment
$599,640
Publicly traded securities
$6,464,943
Net assets without donor restrictions
$2,869,589
Net assets with donor restrictions
$10,372,828
Gross receipts
$4,048,933
Employees
0
Volunteers
0
Year formed
1984
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.

NameTitleHours / weekCompensation
KIMBERLY GEORGEDIRECTOR
Trustee or director
0$0
Jim TARLTONDIRECTOR
Trustee or director
0$0
MAURICE CAPPSDIRECTOR
Trustee or director
0$0
Dr GARRETT HINSHAWDIRECTOR
Trustee or director
0$0
DAVID UNDERDOWNDIRECTOR
Trustee or director
0$0
JOHN BRAYDIRECTOR
Trustee or director
0$0
DONALD COLEMANDIRECTOR
Trustee or director
0$0
JOHN TEETERDIRECTOR
Trustee or director
0$0
PATRICK LANEYDIRECTOR
Trustee or director
0$0
DIANE LITTLEDIRECTOR
Trustee or director
0$0
DENNIS JOHNSONDIRECTOR
Trustee or director
0$0
KELLY FARRCHAIRMAN
Officer
0$0
ROBIN NICHOLSONVICE-CHAIRMAN
Officer
0$0
JENNIFER JONESSEC./TREASURER, EXEC. DIRE
Officer
20$0
990 for the year ended June 30, 2024: 15 people
NameTitleHours / weekCompensation
KIMBERLY GEORGEDIRECTOR
Trustee or director
0$0
JAMES TARLTONDIRECTOR
Trustee or director
0$0
MAURICE CAPPSDIRECTOR
Trustee or director
0$0
Dr GARRETT HINSHAWDIRECTOR
Trustee or director
0$0
DAVID UNDERDOWNDIRECTOR
Trustee or director
0$0
JOHN BRAYDIRECTOR
Trustee or director
0$0
DONALD COLEMANDIRECTOR
Trustee or director
0$0
JOHN TEETERDIRECTOR
Trustee or director
0$0
PATRICK LANEYDIRECTOR
Trustee or director
0$0
DIANE LITTLEDIRECTOR
Trustee or director
0$0
MARY B WILSONDIRECTOR
Trustee or director
0$0
DENNIS JOHNSONDIRECTOR
Trustee or director
0$0
KELLY FARRCHAIRMAN
Officer
0$0
ROBIN NICHOLSONVICE-CHAIRMAN
Officer
0$0
JENNIFER JONESSEC./TREASURER, EXEC. DIRE
Officer
20$0

Address and contacts

Address (IRS master file)
2550 US HIGHWAY 70 SE, HICKORY, NC 28602-8302
Principal officer (990 for 2024)
Kelly Farr, 5315 Beacon Ridge Drive, Granite Falls, NC 28630
Signed the 990
Kelly Farr, Chairman
Phone
(828) 327-7000
Return prepared by
SMITH LEONARD PLLC

Mission

THE FOUNDATION'S MISSION IS DEDICATED TO SUPPORTING THE VISION AND MISSION OF CATAWBA VALLEY COMMUNITY COLLEGE IN TRANSFORMING OUR COMMUNITY WHILE EMPOWERING OUR STUDENTS

990 for the year ended June 30, 2025

Program accomplishments

  • SCHOLARSHIPS AND GRANTS PROVIDED TO VARIOUS STUDENTS AND EDUCATIONAL PROGRAMS OF CATAWBA VALLEY COMMUNITY COLLEGE AND ADMINISTRATIVE EXPENSED RELATED TO THE PROGRAM SERVICES
    Expenses $823,908 · grants $599,791

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
58-1598131
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
1985
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$13,244,198
Income (IRS master file)
$4,048,933

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$3,947,431$932,036$13,244,198IRS
990June 2024$1,846,972$1,623,552$10,329,933XML
990June 2023$2,114,680$448,979$9,546,164IRS
990June 2022–––IRS
990June 2021–––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 58-1598131).

Questions about CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION INC

What is the EIN of CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION INC?
The employer identification number (EIN) of CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION INC is 58-1598131.
Is CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CATAWBA VALLEY 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 CATAWBA VALLEY 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 CATAWBA VALLEY 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 CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION INC?
The 990 for the year ended June 30, 2025 names Kelly Farr.
Who are the officers and directors of CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
How much revenue does CATAWBA VALLEY COMMUNITY COLLEGE FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $3,947,431, expenses of $932,036 and total assets of $13,244,198 at year end.

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