2017-02-15T14:07:08-06:00 2016-06-30 560574444 CHERRY BEKAERT LLP 1111 Metropolitan Ave Ste 1000 Charlotte NC 28204 990 2015-07-01 581587982 Nash Community College Foundation Inc NASH 2524434011 PO Box 7488 Rocky Mount NC 27804 R LEE CURRIN TREASURER 2524434011 2017-02-13 1 Janice A Ratica P00358837 7043771678 2015 2021-01-29 14:40:06Z R LEE CURRIN PO Box 7488 Rocky Mount NC 27804 4330344 0 X WWW.NASHCC.EDU X 1983 NC THE NASH COMMUNITY COLLEGE FOUNDATION, INC. WAS ESTABLISHED IN 1983 TO INCREASE COMMUNITY AWARENESS, RAISE FUNDS FOR THE STUDENT SCHOLARSHIP PROGRAM, AND TO HELP MEET THE NEEDS OF NASH COMMUNITY COLLEGE. 26 26 0 26 0 0 572530 568688 0 0 218908 -53528 -1690 -25157 789748 490003 423314 307297 0 0 0 0 0 0 5579 226397 120513 649711 427810 140037 62193 4660387 4767515 19 2954 4660368 4764561 THE NASH COMMUNITY COLLEGE FOUNDATION, INC. WAS ESTABLISHED IN 1983 TO INCREASE COMMUNITY AWARENESS, RAISE FUNDS FOR THE STUDENT SCHOLARSHIP PROGRAM, AND TO HELP MEET THE NEEDS OF NASH COMMUNITY COLLEGE. 0 0 307297 307297 CONTRIBUTIONS TO NASH COMMUNITY COLLEGE FOR STUDENT SCHOLARSHIPS, ACTIVITIES, AND OTHER NEEDS OF NASH COMMUNITY COLLEGE. 307297 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X The Organization 2524434011 PO Box 7488 Rocky Mount NC 27804 X Calvin T Ballance Trustee 0.50 X 0 0 0 Donnell Battle Trustee 0.50 X 0 0 0 P Cam Blalock III Trustee 0.50 X 0 0 0 Andy Blanton Trustee 0.50 X 0 0 0 Debbie B Brown Trustee 0.50 X 0 0 0 David W Combs Trustee 0.50 X 0 0 0 Evan Covington Chavez Trustee 0.50 X 0 0 0 Kevin Cox Trustee 0.50 X 0 0 0 Royal David Trustee 0.50 X 0 0 0 Samuel Dickens III Trustee 0.50 X 0 0 0 Philip L Dixon Trustee 0.50 X 0 0 0 H Lankford Dunton III Trustee 0.50 X 0 0 0 Tanya O Evans Trustee 0.50 X 0 0 0 Steven D Felton Trustee 0.50 X 0 0 0 Frank Maynard Trustee 0.50 X 0 0 0 J Edgar Moore Trustee 0.50 X 0 0 0 Becky Parks Trustee 0.50 X 0 0 0 Robyn Perkerson Trustee 0.50 X 0 0 0 Tommy Stockdale Trustee 0.50 X 0 0 0 Morris R Wilder Trustee 0.50 X 0 0 0 Dr Robert E Zipf Jr Trustee 0.50 X 0 0 0 Craig W Worthy President 1.00 X X 0 0 0 Kimberly S Sutton Vice President 1.00 X X 0 0 0 R Lee Currin Treasurer 1.00 X X 0 0 0 Lyn C Brown Secretary 1.00 X X 0 0 0 Jacob R Parrott III Past President 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 35447 533241 100737 568688 168166 168166 3579858 3801552 -221694 -221694 -221694 13632 35447 38789 -25157 -25157 490003 0 0 -78685 307297 307297 18812 18812 9360 9360 4489 4489 2352 2352 2246 2246 2000 2000 1016 1016 Goods and Materials 65737 65737 OTHER EXPENSES 8922 8922 SPECIAL EVENTS 5579 5579 427810 307297 114934 5579 247605 367204 13824 40126 77225 15725 26500 61500 4372458 4298685 4660387 4767515 19 454 2500 19 2954 X 189633 226538 618438 541811 3852297 3996212 4660368 4764561 4660387 4767515 62193 42000 0 X 0 1 X 1 0 X 433798 389778 542645 572530 711601 2650352 433798 389778 542645 572530 711601 2650352 39513 2610839 -66473 317554 143728 214681 168166 777656 3428008 42066 0.76160 0.83900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 4454926 147501 -50991 53133 17916 4480387 4478782 117067 -31130 91577 18216 4454926 3920820 119426 533078 77494 17048 4478782 3531652 88154 319311 2992 15305 3920820 3398366 205380 -60530 11564 3531652 0.00000 0.89190 0.10810 0 1 0 61500 61500 15725 15725 0 61500 X 671705 142913 142913 528792 -38789 -38789 490003 609512 142913 38789 181702 427810 0 427810 Part V, Line 4: ENDOWMENT FUNDS AND THEIR EARNINGS ARE USED TO PROVIDE SCHOLARSHIPS AND OTHER SUPPORT TO NASH COMMUNITY COLLEGE. Part X, Line 2: The Foundation is exempt from federal and state income taxation under the provisions of Section 501(c)(3) of the Internal Revenue Code ("IRC"). In accordance with IRC regulations, the Foundation is taxed on unrelated business income, which consists of earnings from activities not related to the exempt purpose of the Foundation. The Foundation accounts for tax uncertainties based on a more likely than not recognition threshold whereby tax benefits are only recognized when the Foundation believes that they have a greater than 50% likelihood of being sustained upon examination by taxing authorities. The Foundation has evaluated all tax positions and determined that it has no uncertain income tax positions as of June 30, 2016. Part XI, Line 4b - Other Adjustments: FUNDRAISING EVENT EXPENSES -38,789. Part XII, Line 2d - Other Adjustments: FUNDRAISING EVENT EXPENSES 38,789. GOLF TOURNAMENT 40244 35447 4797 23625 BlueFest 8835 8835 15164 49079 35447 13632 38789 38789 -25157 1 NASH COMMUNITY COLLEGE 522 N OLD CARRIAGE ROAD ROCKY MOUNT NC 27804 560895794 115(1) 200730 FUNDING OF SCHOLARSHIPS NASH COMMUNITY COLLEGE 522 N OLD CARRIAGE ROAD ROCKY MOUNT NC 27804 560895794 115(1) 106567 FUNDING OF OTHER ACTIVITIES 1 0 Part I, Line 2: THE FOUNDATION RECEIVES CHARITABLE CONTRIBUTIONS WHICH ARE PROVIDED EXCLUSIVELY TO NASH COMMUNITY COLLEGE FOR SCHOLARSHIPS AND OTHER BENEFICIAL ACTIVITIES FOR STUDENTS ATTENDING THE COLLEGE. X 3 45500 FMV X 2 35000 FMV X OTHER 53 14237 FMV X SCREW COMPRESSOR 1 5000 FMV X PIANO 1 1000 FMV 0 0 1 0 Form 990, Part VI, Section B, line 11 THE TREASURER AND EXECUTIVE DIRECTOR REVIEW THE FORM 990 AND ALL SUPPORTING SCHEDULES PRIOR TO SUBMISSION. Form 990, Part VI, Section B, line 12 While the organization has not adopted its own conflict of interest policy as of the filing date, it does closely follow the policy of its affiliated organization, Nash Community College. Form 990, Part VI, Section B, line 15 THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES. ALL INDIVIDUALS WHO PERFORM "EMPLOYEE RELATED" SERVICES ON BEHALF OF THE FOUNDATION ARE PAID BY AN AFFILIATED ENTITY, NASH COMMUNITY COLLEGE. COMPENSATION AMOUNTS FOR INDIVIDUALS WHO PERFORM SERVICES ON BEHALF OF THE FOUNDATION ARE SET UNDER THE HR GUIDELINES OF NASH COMMUNITY COLLEGE. Form 990, Part VI, Section C, line 19 DOCUMENTATION IS MADE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST. Nash Community College 522 N Old Carriage Road Rocky Mount NC 27804 560895794 Post-Secondary Education NC 501 (c) 3 educational 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Nash Community College B 307297 FMV Nash Community College O 142913 FMV