CARTERET COMMUNITY COLLEGE FOUNDATION INC

EIN: 516089453 501(c)(3)

MOREHEAD CITY, NC

Total Revenue
$2,631,484
Total Expenses
$1,811,078
Total Assets
$8,138,704
Net Assets
$7,940,259
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
NC
Principal Officer
BRENDA REASH
Phone
8588886262
Tax Period
2023-07-01 to 2024-06-30

CARTERET COMMUNITY COLLEGE FOUNDATION INC, founded in 1976, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. The organization ran a surplus of $820K, a strong 31% operating margin.

Mission

THE MISSION OF THE CARTERET COMMUNITY COLLEGE FOUNDATION, INC. IS TO PROVIDE COMPREHENSIVE COMMUNITY SUPPORT AND RESOURCES FOR CARTERET COMMUNITY COLLEGE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,971,754
Program Service Revenue $0
Investment Income $194,070
Other Revenue $465,660
TOTAL REVENUE $2,631,484

Expense Breakdown

Grants Paid $1,089,718
Salaries & Benefits $472,172
Fundraising Expenses $10,603
Program Expenses $1,619,554
Other Expenses $249,188
TOTAL EXPENSES $1,811,078

Year-over-Year Comparison

2023 2022 Change
Revenue $2,631,484 $2,600,536 +0.0%
Expenses $1,811,078 $1,284,872 +0.4%
Net Income $820,406 $1,315,664 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
23
Independent Members
23
Employees
N/A
Volunteers
125

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WANDA BENNETT MEMBER N/A
Director
$0 $0 $0
MORT CONGLETON MEMBER N/A
Director
$0 $0 $0
JEREMY DICKINSON MEMBER N/A
Director
$0 $0 $0
LYNN EURY MEMBER N/A
Director
$0 $0 $0
SHEILA GLAZEWSKI MEMBER N/A
Director
$0 $0 $0
THOMAS HEMBY MEMBER N/A
Director
$0 $0 $0
AVERI LINDERMAN MEMBER N/A
Director
$0 $0 $0
JILLIAN FARRINGTON LISTER CHAIR N/A
Officer
$0 $0 $0
DR STEPHEN M GOODEN MEMBER N/A
Director
$0 $0 $0
LINDA M GOULD MEMBER N/A
Director
$0 $0 $0
ERIC GREGSON MEMBER N/A
Director
$0 $0 $0
JO ANN MANGUM MEMBER N/A
Director
$0 $0 $0
CHRIS MASHBURN TREASURER N/A
Officer
$0 $0 $0
SHERRILL MORAVEN MEMBER N/A
Director
$0 $0 $0
BOOTH PARKER MEMBER N/A
Director
$0 $0 $0
CHARLOTTE POST MEMBER N/A
Director
$0 $0 $0
MARY PRAGER VICE CHAIR N/A
Officer
$0 $0 $0
HEATHER SANDERSON MEMBER N/A
Director
$0 $0 $0
MARK SUBER MEMBER N/A
Director
$0 $0 $0
DENISE WARREN MEMBER N/A
Director
$0 $0 $0
DR TRACY MANCINI SECRETARY N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $2,631,484 $1,811,078 $8,138,704 $820,406
2023 $2,600,536 $1,284,872 $6,863,674 $1,315,664
2022 $1,728,775 $1,203,538 $6,674,819 $525,237
2021 $2,361,364 $3,567,775 $6,968,839 $-1,206,411
2020 $1,465,090 $1,289,093 $8,160,113 $175,997
2019 $1,682,944 $620,290 $6,648,186 $1,062,654
2018 $892,415 $500,920 $5,336,879 $391,495
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