CENTRAL PIEDMONT COMMUNITY COLLEGE FOUNDATION INC

EIN: 560890420 501(c)(3) Education

CHARLOTTE, NC

Total Revenue
$19,143,156
Total Expenses
$9,347,980
Total Assets
$96,895,350
Net Assets
$95,006,594
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
NC
Principal Officer
JESSICA D BOYCE
Phone
7043306869
Tax Period
2022-07-01 to 2023-06-30

CENTRAL PIEDMONT COMMUNITY COLLEGE FOUNDATION INC, founded in 1965, is a mid-sized nonprofit in the Education sector that reported $19.1M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $9.8M, a strong 51% operating margin.

Mission

CENTRAL PIEDMONT COMMUNITY COLLEGE WILL BE A CHAMPION OF STUDENTS, A CATALYST FOR OPPORTUNITY, AND AN EXCEPTIONAL PROVIDER OF LEARNING EXPERIENCES THAT TRANSFORM LIVES AND STRENGTHEN OUR COMMUNITY. THE COLLEGE FACILITATES STUDENT LEARNING, SUCCESS, AND COMPLETION BY PROVIDING EXCEPTIONAL EDUCATION AND GLOBALLY COMPETITIVE TRAINING IN AN ENGAGING, SUPPORTIVE ENVIRONMENT. THE CENTRAL PIEDMONT COMMUNITY COLLEGE FOUNDATION, A 501(C)(3) NON-PROFIT CHARITABLE ORGANIZATION ESTABLISHED IN 1965, GENERATES FINANCIAL SUPPORT TO FURTHER THE MISSION OF THE COLLEGE THROUGH PARTNERSHIPS WITH BUSINESSES, INDIVIDUALS, AND ORGANIZATIONS IN OUR COMMUNITY. PHILANTHROPIC SUPPORT FROM THESE GROUPS HELPS TO DRIVE STUDENT SUCCESS AND ADDRESS PRIORITY PROGRAMS AND NEEDS AS IDENTIFIED BY THE COLLEGE'S LEADERSHIP. FOR THE YEAR ENDED 2023, THE COLLEGE CONTINUED TO RECEIVE RENEWED AND INCREASED DONOR SUPPORT THROUGH SEVERAL MAJOR GIFTS AND SIGNIFICANT GRANT SUPPORT. THE FOUNDATION CONTINUES TO FOCUS ITS EFFORTS AROUND MESSAGING THE IMPORTANCE OF UNRESTRICTED ANNUAL SUPPORT THAT ALIGNS WITH THE COLLEGE'S STRATEGIC PLAN AND BROADER INITIATIVES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $18,170,724
Program Service Revenue $280,000
Investment Income $541,031
Other Revenue $151,401
TOTAL REVENUE $19,143,156

Expense Breakdown

Grants Paid $8,299,005
Salaries & Benefits $443,309
Fundraising Expenses $588,388
Program Expenses $8,389,363
Other Expenses $605,666
TOTAL EXPENSES $9,347,980

Year-over-Year Comparison

2022 2021 Change
Revenue $19,143,156 $21,368,491 -0.1%
Expenses $9,347,980 $10,125,585 -0.1%
Net Income $9,795,176 $11,242,906 -0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
36
Independent Members
36
Employees
2
Volunteers
70

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
6
$203,415
Total Directors
36
$0
Key Employees
1
$271,601
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WESTON M ANDRESS PRESIDENT 0.25
Officer Director
$0 $0 $0
J CARLTON SHOWALTER JR VICE PRESIDENT 0.25
Officer Director
$0 $0 $0
ASHLEY SIMMONS ROSEBOROUGH SECRETARY 0.25
Officer Director
$0 $0 $0
GARY E LABROSSE TREASURER 0.25
Officer Director
$0 $0 $0
ROSS ANNABLE DIRECTOR 0.25
Director
$0 $0 $0
LEWIS B BARNHARDT DIRECTOR 0.25
Director
$0 $0 $0
HENRY BATTEN DIRECTOR 0.25
Director
$0 $0 $0
JOYE BLOUNT DIRECTOR 0.25
Director
$0 $0 $0
MADELYN CAPLE DIRECTOR 0.25
Director
$0 $0 $0
KRISTI COLEMAN DIRECTOR 0.25
Director
$0 $0 $0
BETSY CONWAY DIRECTOR 0.25
Director
$0 $0 $0
EDWIN DALRYMPLE DIRECTOR 0.25
Director
$0 $0 $0
DEBORAH L EDWARDS DIRECTOR 0.25
Director
$0 $0 $0
GREG EFTHIMIOU DIRECTOR 0.25
Director
$0 $0 $0
TODD A GORELICK DIRECTOR 0.25
Director
$0 $0 $0
J TRAVIS HAIN DIRECTOR 0.25
Director
$0 $0 $0
E HOOPER HARDISON JR DIRECTOR 0.25
Director
$0 $0 $0
CLAUDIA F HEATH DIRECTOR 0.25
Director
$0 $0 $0
G CHRIS HILL DIRECTOR 0.25
Director
$0 $0 $0
LORI HUDSON DIRECTOR 0.25
Director
$0 $0 $0
LOIS J INGLAND DIRECTOR 0.25
Director
$0 $0 $0
JONATHAN ISHEE DIRECTOR 0.25
Director
$0 $0 $0
SUSAN N JAMISON DIRECTOR 0.25
Director
$0 $0 $0
LYNNE TATUM LITTLE DIRECTOR 0.25
Director
$0 $0 $0
LAURENT J LONGIN DIRECTOR 0.25
Director
$0 $0 $0
RAYMOND R MCGREGOR DIRECTOR 0.25
Director
$0 $0 $0
VINAY B PATEL DIRECTOR 0.25
Director
$0 $0 $0
CHRISTIAN M ROBINSON DIRECTOR 0.25
Director
$0 $0 $0
PATRICIA A RODGERS DIRECTOR 0.25
Director
$0 $0 $0
R GLENN SHERRILL JR DIRECTOR 0.25
Director
$0 $0 $0
TIMOTHY SITTEMA DIRECTOR 0.25
Director
$0 $0 $0
AMY STRECKER DIRECTOR 0.25
Director
$0 $0 $0
EBONY THOMAS DIRECTOR 0.25
Director
$0 $0 $0
LAURA C THOMAS DIRECTOR 0.25
Director
$0 $0 $0
PAULA R VINCENT DIRECTOR 0.25
Director
$0 $0 $0
LANDON WYATT DIRECTOR 0.25
Director
$0 $0 $0
WENDY J WALLER ASSISTANT TREASURER 40.00
Officer
$109,039 $35,138 $144,177
MIKE WHITEMAN ASSISTANT SECRETARY (FROM 7/2022) 10.00
Officer
$45,455 $13,783 $59,238
DR KANDI DEITEMEYER INTERIM VP, INST ADVMT 5.00
Key Emp
$261,730 $9,871 $271,601
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 No data No data No data No data
2023 $19,143,156 $9,347,980 $96,895,350 $9,795,176
2022 $21,368,491 $10,125,585 $81,353,423 $11,242,906
2021 $10,371,013 $6,886,067 $77,094,406 $3,484,946
2020 $8,641,570 $5,760,348 $63,264,967 $2,881,222
2019 $6,840,079 $4,996,012 $59,507,183 $1,844,067
2018 $14,570,814 $4,467,892 $55,886,393 $10,102,922
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