2016-04-27T07:21:48-05:00 2015-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2014-07-01 581587982 NASH COMMUNITY COLLEGE FOUNDATION INC NASH 2524434011 PO BOX 7488 ROCKY MOUNT NC 27804 R LEE CURRIN TREASURER 2524434011 2016-04-08 1 JANICE A RATICA P00358837 7043771678 2014 2016-08-17 19:52:53Z R LEE CURRIN PO BOX 7488 ROCKY MOUNT NC 27804 2928948 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 542645 572530 0 0 143728 218908 8117 -1690 694490 789748 432014 423314 0 0 0 0 0 0 78568 53506 226397 485520 649711 208970 140037 4745570 4660387 381 19 4745189 4660368 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 423314 423314 CONTRIBUTIONS TO NASH COMMUNITY COLLEGE FOR STUDENT SCHOLARSHIPS, ACTIVITIES, AND OTHER NEEDS OF NASH COMMUNITY COLLEGE. 423314 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 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 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 PAT DANIELS 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 JEFFREY A BATTS TRUSTEE 0.50 X 0 0 0 P CAM BLALOCK III 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 C LYNN CORBETT TRUSTEE 0.50 X 0 0 0 KEVIN COX 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 SHERRY A JOHNSON TRUSTEE 0.50 X 0 0 0 J EDGAR MOORE TRUSTEE 0.50 X 0 0 0 D SCOTT ROGERS TRUSTEE 0.50 X 0 0 0 TOMMY STOCKDALE TRUSTEE 0.50 X 0 0 0 KIMBERLY S SUTTON 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 JACOB R PARROTT III PRESIDENT 1.00 X X 0 0 0 CRAIG W WORTHY 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 ANDY BLANTON PAST PRESIDENT 1.00 X X 0 0 0 0 0 0 0 0 0 0 0 33665 538865 15451 572530 214681 214681 2069297 44006 2050576 58500 18721 -14494 4227 4227 28434 33665 30124 -1690 -1690 789748 0 0 217218 423314 423314 18969 18969 10423 10423 2500 2500 1525 1525 2139 2139 829 829 1696 1696 1016 1016 SHARED SERVICES AGREEME 165230 94350 70880 OTHER EXPENSES 14332 14332 SPECIAL EVENTS 7688 7688 MEMBERSHIP DUES 50 50 649711 423314 147829 78568 10972 247605 75046 13824 42225 15725 85000 26500 4574552 4372458 4745570 4660387 381 19 381 19 X 142526 189633 808934 618438 3793729 3852297 4745189 4660368 4745570 4660387 140037 -224858 0 X 0 1 X 1 0 X 1560477 433798 389778 542645 572530 3499228 1560477 433798 389778 542645 572530 3499228 3499228 61899 -66473 317554 143728 214681 671389 4170617 28434 0.83900 0.87820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4478782 117067 -31130 91577 18216 4454926 3920820 119426 533078 77494 17048 4478782 3531652 88154 319311 2992 15305 3920820 3398366 205380 -60530 11564 3531652 0 3381189 17177 3398366 0.00000 0.86500 0.13500 1 0 26500 26500 15725 15725 0 26500 X 609508 -224858 -224858 834366 -44618 -44618 789748 694329 44618 44618 649711 0 649711 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, 2015 AND 2014. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES -30,124. LOSS ON SALE OF PROPERTY -14,494. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES 30,124. LOSS ON SALE OF PROPERTY 14,494. GOLF TOURNAMENT 44875 33665 11210 20621 MOTORCYLE RIDE 9450 9450 4571 1 7774 7774 4932 62099 33665 28434 30124 30124 -1690 1 NASH COMMUNITY COLLEGE 522 N OLD CARRIAGE ROAD ROCKY MOUNT NC 27804 560895794 115(1) 191117 FUNDING OF SCHOLARSHIPS NASH COMMUNITY COLLEGE 522 N OLD CARRIAGE ROAD ROCKY MOUNT NC 27804 560895794 115(1) 232197 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. 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.