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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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

THE FOUNDATION'S MISSION IS TO GENERATE PRIVATE FINANCIAL SUPPORT TO FURTHER THE MISSION OF CENTRAL PIEDMONT COMMUNITY COLLEGE.

Program Service Accomplishments

Program 1
Expenses: $2,893,099

BY REMOVING FINANCIAL BARRIERS AND EXPANDING ACCESS TO OPPORTUNITIES, CENTRAL PIEDMONT HAS BEEN A PLACE OF TRANSFORMATION THROUGHOUT ITS HISTORY. THE CENTRAL PIEDMONT FOUNDATION SECURES PHILANTHROPIC...

Read more

BY REMOVING FINANCIAL BARRIERS AND EXPANDING ACCESS TO OPPORTUNITIES, CENTRAL PIEDMONT HAS BEEN A PLACE OF TRANSFORMATION THROUGHOUT ITS HISTORY. THE CENTRAL PIEDMONT FOUNDATION SECURES PHILANTHROPIC SUPPORT TO INVEST IN SCHOLARSHIPS THAT MAKE A COLLEGE EDUCATION ACCESSIBLE FOR STUDENTS. SCHOLARSHIPS INCLUDE OPPORTUNITY SCHOLARSHIPS FOR STUDENTS FROM CHARLOTTE'S MOST ECONOMICALLY CHALLENGED HIGH SCHOOLS AND NEIGHBORHOODS; TRANSFER SCHOLARSHIPS FOR STUDENTS PREPARING TO EARN A FOUR-YEAR DEGREE; CAREER-FOCUSED SCHOLARSHIPS FOR STUDENTS WHO ASPIRE TO ENTER THE WORKFORCE UPON GRADUATION; AND MANY GENERAL AND DISCIPLINE-SPECIFIC SCHOLARSHIPS. THE RESOURCES ARE FUNDED WITH DESIGNATED EXPENDABLE AND ENDOWED SUPPORT.DURING THE FISCAL YEAR ENDED JUNE 30, 2023, THE FOUNDATION FUNDED MORE THAN 2,000 SCHOLARSHIPS. THE FOUNDATION WORKED TO EXPAND STUDENT EMERGENCY ASSISTANCE, WHICH SERVES AS A CRITICAL RESOURCE FOR LOW-INCOME, AT-RISK STUDENTS. WORKING WITH THE SINGLE STOP OFFICE, THE FOUNDATION PROVIDED ONE-TIME EMERGENCY GRANTS OF $500 PER STUDENT TO THOSE IN NEED.

Program 2
Expenses: $2,378,801

THROUGH ITS EXTENSIVE EDUCATIONAL PROGRAMS, CENTRAL PIEDMONT OFFERS INDIVIDUALS THE OPPORTUNITY TO EARN AN ASSOCIATE DEGREE, WORK TOWARD A FOUR-YEAR DEGREE, OR TAKE A DIRECT PATH TO EMPLOYMENT. THE...

Read more

THROUGH ITS EXTENSIVE EDUCATIONAL PROGRAMS, CENTRAL PIEDMONT OFFERS INDIVIDUALS THE OPPORTUNITY TO EARN AN ASSOCIATE DEGREE, WORK TOWARD A FOUR-YEAR DEGREE, OR TAKE A DIRECT PATH TO EMPLOYMENT. THE COLLEGE OFFERS NEARLY 300 PROGRAMS IN 12 CAREER FIELDS WITH MORE THAN 55 PROFESSIONAL PATHWAYS SO THAT STUDENTS ARE PREPARED FOR A REAL-WORLD CAREER. CLASSES ARE DESIGNED FOR CLOSE-KNIT LEARNING WITH A 19:1 AVERAGE STUDENT TO TEACHER RATIO. STUDENTS LEARN FROM FACULTY WITH ACTUAL CAREER EXPERIENCE AND A HANDS-ON EXPERIENTIAL APPROACH. HUNDREDS OF ONLINE CLASSES AND CONTINUING EDUCATION PROGRAMS ARE AVAILABLE TO PREPARE STUDENTS FOR THE NEXT STEP IN THEIR CAREER. THESE EDUCATIONAL PROGRAMS COMBINE TO EQUIP STUDENTS FOR PRODUCTIVE, MEANINGFUL LIVES AND POSITION THEM TO CONTRIBUTE TO THE GROWTH AND VITALITY OF THE REGION.

Program 3
Expenses: $2,024,838 Revenue: $280,000

AS AN OPEN-DOOR INSTITUTION, CENTRAL PIEDMONT STRIVES TO PROVIDE ITS DIVERSE STUDENT BODY WITH THE TOOLS AND SUPPORT SERVICES NECESSARY TO FACILITATE SUCCESS. THE FOUNDATION'S WORK ENHANCES THE...

Read more

AS AN OPEN-DOOR INSTITUTION, CENTRAL PIEDMONT STRIVES TO PROVIDE ITS DIVERSE STUDENT BODY WITH THE TOOLS AND SUPPORT SERVICES NECESSARY TO FACILITATE SUCCESS. THE FOUNDATION'S WORK ENHANCES THE COLLEGE'S CAPACITY TO ADDRESS THE FACTORS THAT IMPEDE STUDENT RETENTION AND COMPLETION BY CREATING A CULTURE THAT PROMOTES STUDENT SUCCESS AND EXPANDS OPPORTUNITIES FOR STUDENTS TO MAKE MEANINGFUL CONNECTIONS TO THE COLLEGE. THE FOUNDATION SUPPORTED STUDENT SUCCESS, EQUITY, AND ENGAGEMENT IN VARIOUS WAYS. SERVICES FOR STUDENTS INCLUDE PERSONAL AND FINANCIAL COUNSELING, ACADEMIC AND CAREER ADVISING, SUMMER BRIDGE EXPERIENCES, DISABILITY SERVICES, FAMILY RESOURCE/FINANCIAL ADVISING, MILITARY FAMILY AND VETERANS SERVICES, AS WELL AS OUT-OF-CLASSROOM EXPERIENCES SUCH AS INTERNSHIPS, APPRENTICESHIPS, WORK-BASED LEARNING, AND STUDY ABROAD. THROUGH THE FOUNDATION'S SINGLE STOP PROGRAM, STUDENTS RECEIVE SUPPORT SERVICES SUCH AS FAFSA APPLICATION ASSISTANCE, TAX/LEGAL ASSISTANCE, ACCESS TO FOOD AND DEDICATED PERSONNEL. IN ADDITION, THE FOUNDATION SUPPORTED INVESTMENTS IN TECHNOLOGY FOR STUDENTS BY ITS SUPPORT OF ACADEMIC PROGRAM PERSONNEL AND OTHER LEADERSHIP FOR CHARLOTTE MECKLENBURG SCHOOL PARTNERSHIPS, GUIDED PATHWAY ADVISORS, STUDENT SUCCESS LEADERS, AS WELL AS DESIGNATED COLLEGE LEADERS TO FOCUS ON STUDENT SUCCESS INITIATIVES AND ENROLLMENT.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CENTRAL PIEDMONT COMMUNITY COLLEGE FOUNDATION INC with other nonprofits in North Carolina and across the country.