2015-10-06T08:03:07-05:00 2015-06-30 560574444 CHERRY BEKAERT LLP 1111 METROPOLITAN AVE STE 1000 CHARLOTTE NC 28204 990 2014-07-01 455452541 WTVI FOUNDATION INC WTVI 7043306681 1300 EAST FOURTH STREET CHARLOTTE NC 28204 MICHAEL MOSS VP OF FINANCE & ADMIN SERVICES 7043306681 2015-10-01 1 KELLIANNE F BENSON P01345659 7043771678 2014 2016-02-25 16:41:14Z MICHAEL MOSS 1300 EAST FOURTH STREET CHARLOTTE NC 28204 938415 0 X N/A X 2012 NC WTVI FOUNDATION SERVES EXCLUSIVELY AS A SUPPORTING ORGANIZATION FOR THE BENEFIT OF CENTRAL PIEDMONT COMMUNITY COLLEGE. 4 4 0 4 0 0 776530 938415 0 0 0 0 -3375 0 773155 938415 776530 938415 0 0 0 0 0 0 0 0 0 776530 938415 -3375 0 24367 0 0 0 24367 0 WTVI FOUNDATION SERVES EXCLUSIVELY AS A SUPPORTING ORGANIZATION FOR THE BENEFIT OF CENTRAL PIEDMONT COMMUNITY COLLEGE'S ("CPCC") WTVI OPERATIONS. CPCC IS A NORTH CAROLINA COMMUNITY COLLEGE. 0 0 938415 938415 938415 THE FOUNDATION PROVIDED FINANCIAL SUPPORT TO CENTRAL PIEDMONT COMMUNITY COLLEGE'S WTVI OPERATIONS. 938415 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 1 0 NC X MICHAEL MOSS 7043306681 PO BOX 35009 CHARLOTTE NC 28235 BENTON S BRAGG BOARD MEMEBER 1.00 X 0 0 0 DR WILHELMENIA I REMBERT BOARD MEMEBER 1.00 X 0 0 0 EDWIN A DALRYMPLE CHAIR 1.00 X X 0 0 0 JUDITH N ALLISON VICE CHAIR 1.00 X X 0 0 0 AMY BURKETT EXECUTIVE DIRECTOR 40.00 X 0 146199 31975 0 146199 31975 0 0 1 0 0 888415 50000 938415 938415 0 0 0 938415 938415 938415 938415 0 0 24367 24367 0 0 0 X 0 0 0 0 24367 0 24367 0 24367 0 X 0 -24367 X 0 1 X 1 0 X X 1 CENTRAL PIEDMONT COMMUNITY COLLEGE 560797174 2 1 938415 0 1 938415 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE FOUNDATION'S POLICY IS TO RECORD A LIABILITY FOR ANY TAX POSITION TAKEN THAT IS BENEFICIAL TO THE FOUNDATION, INCLUDING ANY RELATED INTEREST AND PENALTIES, WHEN IT IS MORE LIKELY THAN NOT THE POSITION TAKEN BY MANAGEMENT WITH RESPECT TO A TRANSACTION OR CLASS OF TRANSACTIONS WILL BE OVERTURNED BY A TAXING AUTHORITY UPON EXAMINATION. MANAGEMENT HAS EVALUATED ALL TAX POSITION AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2015. 1 CENTRAL PIEDMONT COMMUNITY COLLEGE PO BOX 35009 CHARLOTTE NC 28235 560797174 115(I) 938415 FAIR MARKET VALUE SUPPORT FOR WTVI 1 0 PART I, LINE 2: MEMBERSHIP REVENUES TRANSFERRED TO CPCC FROM THE WTVI FOUNDATION ARE SPENT ON WTVI OPERATIONS. RESTRICTED GRANT REVENUE TRANSFERRED TO CPCC ARE DEPOSITED INTO THE APPROPRIATE GRANT FUNDS AND SPENT IN ACCORDANCE WITH THE RESPECTIVE RESTRICTIONS. 0 0 0 1 1 0 0 0 0 AMY BURKETT EXECUTIVE DIRECTOR 0 146199 0 0 0 0 0 23081 0 8894 0 178174 0 0 PART I, LINE 5 AMY BURKETT IS ELIGIBLE FOR A PERFORMANCE BONUS BASED ON TOTAL FISCAL YEAR SALES FOR THE STATION (A RELATED ENTITY) AND DONATIONS TO THE FOUNDATION. THE BONUS STRUCTURE IS AS FOLLOWS: 7% OF SALES AND DONATIONS FROM $850K TO $1 MILLION, 10% OF SALES AND DONATIONS GREATER THAN $1 MILLION WITH A MAX BONUS OF $20K. FORM 990, PART VI, SECTION A, LINE 8B AS THERE ARE NO COMMITTEES OF THE GOVERNING BODY, FORM 990, PART VI, QUESTION 8B IS NOT APPLICABLE. FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE REVIEWS AND APPROVES ANNUAL IRS FORM 990 AFTER CERTIFICATION BY THE CEO AND CFO. THE COMMITTEE REVIEWS AND CONSIDERS THE QUALITY AND INTEGRITY OF THE FINANCIAL REPORTING PROCESS AND INTERNAL CONTROLS REGARDING FINANCE, ACCOUNTING AND LEGAL COMPLIANCE. AFTER THE AUDIT COMMITTEE REVIEWS, AN ELECTRONIC COPY IS SENT TO THE OTHER MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C WTVI FOUNDATION FOLLOWS ALL THE POLICIES OF THE COLLEGE. AT THE BEGINNING OF EVERY BOARD MEETING, THE CHAIR STATES THAT ALL CONFLICTS OF INTEREST MUST BE DISCLOSED PRIOR TO THE MEETING. ADDITIONALLY, CONFLICT OF INTEREST STATEMENTS ARE COLLECTED ANNUALLY FROM EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 15A QUESTIONS 15A AND 15B ARE NOT APPLICABLE BECAUSE THERE ARE NO EMPLOYEES OF THE FOUNDATION. INDIVIDUALS WHO PERFORM SERVICES FOR THE FOUNDATION ARE EMPLOYED BY CENTRAL PIEDMONT COMMUNITY COLLEGE. THE COLLEGE'S COMPENSATION POLICIES ARE FOLLOWED WHEN DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART VI, LINE 16B THERE IS NOT A WRITTEN POLICY. BUT, THE BOARD EVALUATES THE INVESTMENT. MANAGEMENT DEEMED THE INVESTMENT TO BE OF NO BENEFIT TO THE FOUNDATION; THEREFORE, IT WAS WRITTEN OFF AS OF 6/30/15. FORM 990, PART XI, LINE 9: WRITE OFF OF INVESTMENT -24,367. CENTRAL PIEDMONT COMMUNITY COLLEGE PO BOX 35009 CHARLOTTE NC 28235 560797174 COMMUNITY COLLEGE NC 115 LINE 5 0 CENTRAL PIEDMONT COMMUNITY COLLEGE SERVICES CORPORATION PO BOX 35009 CHARLOTTE NC 28235 562244952 SUPPORT CPCC NC 501(C)(3) LINE 11B, II CENTRAL PIEDMONT COMMUNITY COLLEGE 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CENTRAL PIEDMONT COMMUNITY COLLEGE B 938415 FAIR MARKET VALUE SCHEDULE R, PART IV, LINE 1M THE FOUNDATION OFFICES ARE ON THE FACILITIES OF CENTRAL PIEDMONT COMMUNITY COLLEGE AND ARE MAINTAINED AND OPERATED BY THE COLLEGE. SCHEDULE R, PART IV, LINE 1B THE FOUNDATION TRANSFERRED ALL OF THE MEMBERSHIP DUES AND GRANTS THAT IT RECEIVED TO THE CENTRAL PIEDMONT COMMUNITY COLLEGE. SCHEDULE R, PART IV, LINE 1N THE FOUNDATION DOES NOT TECHNICALLY HAVE ANY EMPLOYEES. THE SALARY OF THE EXECUTIVE DIRECTOR IS PAID DIRECTLY BY CENTRAL PIEDMONT COMMUNITY COLLEGE. STAFF SUPPORT TO THE FOUNDATION IS PROVIDED BY EMPLOYEES OF THE COLLEGE.