NASH COMMUNITY COLLEGE FOUNDATION INC: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization
NASH COMMUNITY COLLEGE FOUNDATION INC (EIN 58-1587982)
Tax period
2011-07-01 to 2012-06-30
Filed
2012-11-13
IRS object ID
201243189349303604
Schema version
2011v1.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Timestamp2012-11-13T14:05:50-06:00Timestamp
Tax Period End Date2012-06-30TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

FieldValueIRS element (for citing)
Business Name Line1PATE HORTON & ESS PABusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 787AddressLine1
CityNASHVILLECity
StateNCState
ZIP Code27856ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnType
Tax Period Begin Date2011-07-01TaxPeriodBeginDate

Filer Filer

FieldValueIRS element (for citing)
EIN581587982EIN

Name Name

FieldValueIRS element (for citing)
Business Name Line1NASH COMMUNITY COLLEGE FOUNDATIONBusinessNameLine1
FieldValueIRS element (for citing)
Name ControlNASHNameControl
Phone2524434011Phone

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 7488AddressLine1
CityROCKY MOUNTCity
StateNCState
ZIP Code27804ZIPCode

Officer Officer

FieldValueIRS element (for citing)
NamePAT DANIELSName
TitleEXECUTIVE DIRECTORTitle
Phone2524434011Phone
Date Signed2012-10-13DateSigned

Preparer Preparer

FieldValueIRS element (for citing)
NameDAVID A ESS CPAName
Phone2524593186Phone
Date Prepared2012-10-13DatePrepared
FieldValueIRS element (for citing)
Tax Year2011TaxYear
Build TS2016-02-24 21:20:13ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Name Of Principal Officer PersonPAT DANIELSNameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

FieldValueIRS element (for citing)
Address Line1PO BOX 7488AddressLine1
CityROCKY MOUNTCity
StateNCState
ZIP Code27804ZIPCode
FieldValueIRS element (for citing)
Gross Receipts429098GrossReceipts
Group Return For AffiliatesfalseGroupReturnForAffiliates
Organization501c3XOrganization501c3
Web SiteWWW.NASH.CC.NC.USWebSite
Type Of Organization CorporationXTypeOfOrganizationCorporation
Activity Or Mission DescriptionPROVIDE SCHOLARSHIPSActivityOrMissionDescription
Nbr Voting Members Governing Body27NbrVotingMembersGoverningBody
Nbr Independent Voting Members27NbrIndependentVotingMembers
Total Nbr Employees0TotalNbrEmployees
Total Gross UBI0TotalGrossUBI
Contributions Grants Prior Year1560477ContributionsGrantsPriorYear
Contributions Grants Current Year433798ContributionsGrantsCurrentYear
Program Service Revenue CY0ProgramServiceRevenueCY
Investment Income Prior Year61899InvestmentIncomePriorYear
Investment Income Current Year-66473InvestmentIncomeCurrentYear
Other Revenue Prior Year46878OtherRevenuePriorYear
Other Revenue Current Year61773OtherRevenueCurrentYear
Total Revenue Prior Year1669254TotalRevenuePriorYear
Total Revenue Current Year429098TotalRevenueCurrentYear
Grants And Similar Amnts Prior Year557092GrantsAndSimilarAmntsPriorYear
Grants And Similar Amnts CY426325GrantsAndSimilarAmntsCY
Benefits Paid To Members CY0BenefitsPaidToMembersCY
Salaries Etc Current Year0SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY0TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year48086TotalFundrsngExpCurrentYear
Other Expense Prior Year55116OtherExpensePriorYear
Other Expenses Current Year84933OtherExpensesCurrentYear
Total Expenses Prior Year612208TotalExpensesPriorYear
Total Expenses Current Year511258TotalExpensesCurrentYear
Revenues Less Expenses Prior Year1057046RevenuesLessExpensesPriorYear
Revenues Less Expenses CY-82160RevenuesLessExpensesCY
Total Assets BOY3830897TotalAssetsBOY
Total Assets EOY3748604TotalAssetsEOY
Total Liabilities BOY200TotalLiabilitiesBOY
Total Liabilities EOY67TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY3830697NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY3748537NetAssetsOrFundBalancesEOY
Mission DescriptionPROVIDE SCHOLARSHIPSMissionDescription
Significant New Program ServicesfalseSignificantNewProgramServices
Significant ChangefalseSignificantChange
Expense426325Expense
Grants426325Grants
DescriptionPROVIDE SCHOLARSHIPS TO ELIGIBLE STUDENTS ATTENDING NASH COMMUNITY COLLEGEDescription
Total Program Service Expense426325TotalProgramServiceExpense
Described In501 C3trueDescribedIn501C3
Schedule B RequiredtrueScheduleBRequired
Political ActivitiesfalsePoliticalActivities
Lobbying ActivitiesfalseLobbyingActivities
Subject To Proxy TaxfalseSubjectToProxyTax
Donor Advised FundsfalseDonorAdvisedFunds
Conservation EasementsfalseConservationEasements
Collections Of ArtfalseCollectionsOfArt
Credit CounselingfalseCreditCounseling
Term Or Permanent EndowmentstrueTermOrPermanentEndowments
Report Land Bldg EquiptrueReportLandBldgEquip
Report Invest Oth SecuritiesfalseReportInvestOthSecurities
Report Prog Rel InvestfalseReportProgRelInvest
Report Other AssetsfalseReportOtherAssets
Report Other LiabilitiesfalseReportOtherLiabilities
Report Fin48 FootnotetrueReportFin48Footnote
Independent Audit Financial StmttrueIndependentAuditFinancialStmt
Consolidated Audit Financial StmtfalseConsolidatedAuditFinancialStmt
SchoolfalseSchool
Foreign OfficefalseForeignOffice
Foreign ActivitiesfalseForeignActivities
More Than5000 K To OrganizationsfalseMoreThan5000KToOrganizations
More Than5000 K To IndividualsfalseMoreThan5000KToIndividuals
Professional FundraisingfalseProfessionalFundraising
Fundraising ActivitiestrueFundraisingActivities
GamingfalseGaming
HospitalfalseHospital
Grants To OrganizationsfalseGrantsToOrganizations
Grants To IndividualstrueGrantsToIndividuals
Schedule J RequiredfalseScheduleJRequired
Tax Exempt BondsfalseTaxExemptBonds
Excess Benefit TransactionfalseExcessBenefitTransaction
Prior Excess Benefit TransactionfalsePriorExcessBenefitTransaction
Loan To Officer Or DQPfalseLoanToOfficerOrDQP
Grant To Related PersonfalseGrantToRelatedPerson
Bsnss Rltnshp With OrganizationfalseBsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family MemberfalseBsnssRltnshpThruFamilyMember
Officer Entity With Bsnss RltnshpfalseOfficerEntityWithBsnssRltnshp
Deductible Non Cash ContributionsfalseDeductibleNonCashContributions
Deductible Contributions Of ArtfalseDeductibleContributionsOfArt
TerminatedfalseTerminated
Partial LiquidationfalsePartialLiquidation
Disregarded EntityfalseDisregardedEntity
Related EntityfalseRelatedEntity
Related Org Controlled EntityfalseRelatedOrgControlledEntity
Transaction Related EntityfalseTransactionRelatedEntity
Transfers To Exempt Non Chrtbl OrgfalseTransfersToExemptNonChrtblOrg
Activities Conducted PartnershipfalseActivitiesConductedPartnership
Schedule O RequiredtrueScheduleORequired
Number Forms Transmitted With10960NumberFormsTransmittedWith1096
Number W2 G Included0NumberW2GIncluded
Number Of Employees0NumberOfEmployees
Unrelated Business IncomefalseUnrelatedBusinessIncome
Foreign Financial AccountfalseForeignFinancialAccount
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTrans
Taxable Party NotificationfalseTaxablePartyNotification
Non Deductible ContributionsfalseNonDeductibleContributions
Quid Pro Quo ContributionsfalseQuidProQuoContributions
Form8282 Property Disposed OffalseForm8282PropertyDisposedOf
Funds To Pay PremiumsfalseFundsToPayPremiums
Premiums PaidfalsePremiumsPaid
Indoor Tanning ServicesfalseIndoorTanningServices
Info In Schedule O Part VIXInfoInScheduleOPartVI
Nbr Voting Governing Body Members27NbrVotingGoverningBodyMembers
Number Independent Voting Members27NumberIndependentVotingMembers
Family Or Business RelationshipfalseFamilyOrBusinessRelationship
Delegation Of Management DutiesfalseDelegationOfManagementDuties
Changes To Organizing DocsfalseChangesToOrganizingDocs
Material Diversion Or MisusefalseMaterialDiversionOrMisuse
Members Or StockholdersfalseMembersOrStockholders
Election Of Board MembersfalseElectionOfBoardMembers
Decisions Subject To ApprovalfalseDecisionsSubjectToApproval
Minutes Of Governing BodytrueMinutesOfGoverningBody
Minutes Of CommitteestrueMinutesOfCommittees
Officer Mailing AddressfalseOfficerMailingAddress
Local ChaptersfalseLocalChapters
Form990 Provided To Governing BodytrueForm990ProvidedToGoverningBody
Conflict Of Interest PolicyfalseConflictOfInterestPolicy
Whistleblower PolicyfalseWhistleblowerPolicy
Document Retention PolicyfalseDocumentRetentionPolicy
Compensation Process CEOfalseCompensationProcessCEO
Compensation Process OtherfalseCompensationProcessOther
Investment In Joint VenturefalseInvestmentInJointVenture
Upon RequestXUponRequest

The Books Are In Care Of TheBooksAreInCareOf

FieldValueIRS element (for citing)
Name PersonSTEPHANIE FISHERNamePerson
Telephone Number2524434011TelephoneNumber

Address US AddressUS

FieldValueIRS element (for citing)
Address Line1PO BOX 7488AddressLine1
CityROCKY MOUNTCity
StateNCState
ZIP Code27804ZIPCode
FieldValueIRS element (for citing)
No Listed Persons CompensatedXNoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (4 entries)

TitleTitleAverage Hours Per WeekAverageHoursPerWeekOfficerOfficerReportable Comp From OrganizationReportableCompFromOrganizationReportable Comp From Related OrgsReportableCompFromRelatedOrgsOther CompensationOtherCompensation
STEVEN D FELTON
PAST PRESIDE1.00X000
H LANKFORD DUNTON III
PRESIDENT1.00X000
SHEARIN A JOHNSON
SECRETARY1.00X000
R LEE CURRIN
TREASURER1.00X000
FieldValueIRS element (for citing)
Formers ListedfalseFormersListed
Total Comp GT150 KfalseTotalCompGT150K
Compensation From Other SourcesfalseCompensationFromOtherSources
All Other Contributions433798AllOtherContributions
Total Contributions433798TotalContributions

Investment Income InvestmentIncome

FieldValueIRS element (for citing)
Total Revenue Column-66473TotalRevenueColumn
Related Or Exempt Function Income-66473RelatedOrExemptFunctionIncome
FieldValueIRS element (for citing)
Gross Income Fundraising Events61773GrossIncomeFundraisingEvents

Net Income From Fundraising Events NetIncomeFromFundraisingEvents

FieldValueIRS element (for citing)
Total Revenue Column61773TotalRevenueColumn

Total Revenue TotalRevenue

FieldValueIRS element (for citing)
Total Revenue Column429098TotalRevenueColumn
Related Or Exempt Function Income-66473RelatedOrExemptFunctionIncome

Grants To Domestic Individuals GrantsToDomesticIndividuals

FieldValueIRS element (for citing)
Total426325Total
Program Services426325ProgramServices

Fees For Services Accounting FeesForServicesAccounting

FieldValueIRS element (for citing)
Total3500Total
Management And General3500ManagementAndGeneral

Travel Travel

FieldValueIRS element (for citing)
Total498Total
Management And General498ManagementAndGeneral

Conferences Meetings ConferencesMeetings

FieldValueIRS element (for citing)
Total5325Total
Management And General5325ManagementAndGeneral

Other Expenses OtherExpenses (4 entries)

DescriptionDescriptionTotalTotalManagement And GeneralManagementAndGeneralFundraisingFundraising
SUPPLIES659271784148086
POSTAGE & PRINTING57675767
INSURANCE20142014
SOFTWARE SUPPORT FEES19021902

Total Functional Expenses TotalFunctionalExpenses

FieldValueIRS element (for citing)
Total511258Total
Program Services426325ProgramServices
Management And General36847ManagementAndGeneral
Fundraising48086Fundraising

Savings And Temp Cash Investments SavingsAndTempCashInvestments

FieldValueIRS element (for citing)
BOY118138BOY
EOY40556EOY

Pledges And Grants Receivable PledgesAndGrantsReceivable

FieldValueIRS element (for citing)
BOY53145BOY
EOY30722EOY
FieldValueIRS element (for citing)
Land Buildings Equipment Basis104225LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec15725LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

FieldValueIRS element (for citing)
BOY88500BOY
EOY88500EOY

Investments Pub Traded Securities InvestmentsPubTradedSecurities

FieldValueIRS element (for citing)
BOY3571114BOY
EOY3588826EOY

Total Assets TotalAssets

FieldValueIRS element (for citing)
BOY3830897BOY
EOY3748604EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

FieldValueIRS element (for citing)
BOY200BOY
EOY67EOY

Total Liabilities TotalLiabilities

FieldValueIRS element (for citing)
BOY200BOY
EOY67EOY
FieldValueIRS element (for citing)
Follow SFAS117XFollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

FieldValueIRS element (for citing)
BOY428082BOY
EOY194114EOY

Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY21426BOY
EOY-32146EOY

Permanently Restricted Net Assets PermanentlyRestrictedNetAssets

FieldValueIRS element (for citing)
BOY3381189BOY
EOY3586569EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY3830697BOY
EOY3748537EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

FieldValueIRS element (for citing)
BOY3830897BOY
EOY3748604EOY
FieldValueIRS element (for citing)
Reconcilation Revenue Expenses-82160ReconcilationRevenueExpenses
Method Of Accounting AccrualXMethodOfAccountingAccrual
Accountant Compile Or ReviewfalseAccountantCompileOrReview
FS AuditedtrueFSAudited
Audit CommitteetrueAuditCommittee
Financial Statement ConsolidatedXFinancialStatementConsolidated
Federal Grant Audit RequiredfalseFederalGrantAuditRequired

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org170b1 AviXPubliclySupportedOrg170b1Avi

Gifts Grants Contrib Received170 GiftsGrantsContribReceived170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years436212CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years372431CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years570380CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1560477CurrentTaxYearMinus1Year
Current Tax Year433798CurrentTaxYear
Total3373298Total

Total170 Total170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years436212CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years372431CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years570380CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year1560477CurrentTaxYearMinus1Year
Current Tax Year433798CurrentTaxYear
Total3373298Total
FieldValueIRS element (for citing)
Amounts Subst Contributors Total1161248AmountsSubstContributorsTotal
Public Support Total1702212050PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years-28014CurrentTaxYearMinus4Years
Current Tax Year Minus3 Years-45165CurrentTaxYearMinus3Years
Current Tax Year Minus2 Years28336CurrentTaxYearMinus2Years
Current Tax Year Minus1 Year61899CurrentTaxYearMinus1Year
Current Tax Year-66473CurrentTaxYear
Total-49417Total
FieldValueIRS element (for citing)
Total Support3323881TotalSupport
Gross Receipts From Admissions Etc-4700GrossReceiptsFromAdmissionsEtc
Public Support Pertcentage1700.66550PublicSupportPertcentage170
Public Support Pertcent Prior Year0.64240PublicSupportPertcentPriorYear
Thirty Three Percnt Tests CY170XThirtyThreePercntTestsCY170

Schedule B IRS990ScheduleB

Contributor Info ContributorInfo

FieldValueIRS element (for citing)
Contributor NumberRESTRICTEDContributorNumber

Contributor Name Business ContributorNameBusiness

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor Address US ContributorAddressUS

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Aggregate ContributionsRESTRICTEDAggregateContributions

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Disclosed Orgs Legal ControlfalseDisclosedOrgsLegalControl
Disclosed For Charitable PurposesfalseDisclosedForCharitablePurposes
Written Policy MonitoringfalseWrittenPolicyMonitoring
Sect170h Requirements SatisfiedfalseSect170hRequirementsSatisfied
Solicited Assets For SalefalseSolicitedAssetsForSale
Agent Trustee EtcfalseAgentTrusteeEtc
Included On FSfalseIncludedOnFS

Current Year CurrentYear

FieldValueIRS element (for citing)
Beginning Of Year Balance3398366BeginningOfYearBalance
Contributions205380Contributions
Investment Earnings Or Losses-60530InvestmentEarningsOrLosses
Administrative Expenses11564AdministrativeExpenses
End Of Year Balance3531652EndOfYearBalance

Current Year Minus1 Year CurrentYearMinus1Year

FieldValueIRS element (for citing)
Contributions3381189Contributions
Investment Earnings Or Losses17177InvestmentEarningsOrLosses
End Of Year Balance3398366EndOfYearBalance
FieldValueIRS element (for citing)
Permanent Endowment EOY Balance1.00000PermanentEndowmentEOYBalance
Endowments Held By Unrelated OrgstrueEndowmentsHeldByUnrelatedOrgs
Endowments Held By Related OrgsfalseEndowmentsHeldByRelatedOrgs
Are Related Orgs Listed Schedule RfalseAreRelatedOrgsListedScheduleR

Land Land

FieldValueIRS element (for citing)
Other Cost Or Other Basis26500OtherCostOrOtherBasis
Book Value26500BookValue

Buildings Buildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis62000OtherCostOrOtherBasis
Book Value62000BookValue

Other Land Buildings OtherLandBuildings

FieldValueIRS element (for citing)
Other Cost Or Other Basis15725OtherCostOrOtherBasis
Depreciation15725Depreciation
FieldValueIRS element (for citing)
Total Of Book Value Land Buildings88500TotalOfBookValueLandBuildings
Total Revenue429098TotalRevenue
Total Expenses511258TotalExpenses
Excess Or Deficit For Year-82160ExcessOrDeficitForYear
Excess Or Deficit Per FS-82160ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt429098TotRevenueEtcAuditedFinclStmt
Revenue Subtotal429098RevenueSubtotal
Total Revenue Per Form990429098TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt511258TotExpensesEtcAuditedFinclStmt
Expenses Subtotal511258ExpensesSubtotal
Total Expenses Per Form990511258TotalExpensesPerForm990

Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
INTENDED USES FOR ENDOWMENT FUNDSSCHEDULE D, PAGE 2, PART V, LINE 4THE INCOME FROM THE ENDOWMENT ASSETS CAN BE USED FOR SCHOLARSHIPS AND ENDOWED CHAIRS.
LIABILITY UNDER FIN 48 FOOTNOTESCHEDULE D, PAGE 3, PART XTHE FOUNDATION ACCOUNTS FOR INCOME TAXES IN ACCORDANCE WITH INCOME TAX ACCOUNTING GUIDANCE IN FASB ASC TOPIC 740, "INCOME TAXES." THE FOUNDATION FOLLOWS THE STATUTORY REQUIREMENTS FOR ITS INCOME TAX ACCOUNTING AND GENERALLY AVOIDS RISKS ASSOCIATED WITH POTENTIALLY PROBLEMATIC TAX POSITIONS THAT MAY BE CHALLENGED UPON EXAMINATION. MANAGEMENT BELIEVES ANY LIABILITY RESULTING FROM TAXAING AUTHORITIES IMPOSING ADDITIONAL INCOME TAXES FROM ACTIVITIES DEEMED TO BE UNRELATED TO THE FOUNDATION'S TAX-EXEMPT STATUS WOULD NOT HAVE A MATERIAL EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS.

Schedule G IRS990ScheduleG

Events Information EventsInformation

FieldValueIRS element (for citing)
Name Of Event1FUNDRAISERSNameOfEvent1
Gross Receipts Event161773GrossReceiptsEvent1
Gross Revenue Event161773GrossRevenueEvent1
Gross Receipts Total61773GrossReceiptsTotal
Gross Revenue Total Events61773GrossRevenueTotalEvents
Net Income Summary61773NetIncomeSummary

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Records MaintainedfalseRecordsMaintained

Form990 Schedule I Part III Form990ScheduleIPartIII

FieldValueIRS element (for citing)
Type Of GrantSCHOLARSHIPSTypeOfGrant
Number Of Recipients185NumberOfRecipients
Amount Of Cash Grant426325AmountOfCashGrant

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (2 entries)

IdentifierIdentifierReturn ReferenceReturnReferenceExplanationExplanation
ORGANIZATION'S PROCESS USED TO REVIEW FORM 990FORM 990, PAGE 6, PART VI, LINE 11BBOARD OF DIRECTORS HAVE EXECUTIVE DIRECTOR REVIEW THE TAX RETURN.
GOVERNING DOCUMENTS DISCLOSURE EXPLANATIONFORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.

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