Brunswick Community College Foundation Inc

EIN: 581493463 501(c)(3)

Supply, NC

Total Revenue
$2,155,165
Total Expenses
$1,225,044
Total Assets
$8,872,326
Net Assets
$8,870,309
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NC
Principal Officer
TERESA NELSON
Phone
9107557473
Tax Period
2024-07-01 to 2025-06-30

Brunswick Community College Foundation Inc, founded in 1982, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $930K, a strong 43% operating margin.

Mission

THE FOUNDATION PROVIDES SCHOLARSHIPS FOR STUDENTS AND ALSO SUPPORTS VARIOUS PROGRAMS AT BRUNSWICK 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 (2024)

Revenue Breakdown

Contributions & Grants $1,760,381
Program Service Revenue $0
Investment Income $327,173
Other Revenue $67,611
TOTAL REVENUE $2,155,165

Expense Breakdown

Grants Paid $1,108,786
Salaries & Benefits $0
Fundraising Expenses $556
Program Expenses $1,196,395
Other Expenses $116,258
TOTAL EXPENSES $1,225,044

Year-over-Year Comparison

2024 2023 Change
Revenue $2,155,165 $1,859,351 +0.2%
Expenses $1,225,044 $920,387 +0.3%
Net Income $930,121 $938,964 0.0%
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
19
Independent Members
19
Employees
N/A
Volunteers
19

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
3
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GENE SMITH COLLEGE PRESIDENT 1.00
Director
$0 $0 $0
MIKE FORTE PRESIDENT 1.00
Officer Director
$0 $0 $0
BILL ALLEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KENT WOOD FINANCE COMMITTEE CHAIR 1.00
Officer Director
$0 $0 $0
SUSAN CARROLL LIASON 1.00
Director
$0 $0 $0
JAN ALLEN DIRECTOR 1.00
Director
$0 $0 $0
DL ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
LUCINDA ARNOLD DIRECTOR 1.00
Director
$0 $0 $0
ANDREW BROSCHE DIRECTOR 1.00
Director
$0 $0 $0
TERESA CARROLL DIRECTOR 1.00
Director
$0 $0 $0
JOE FIRETTI DIRECTOR 1.00
Director
$0 $0 $0
LORELLE FEEZOR DIRECTOR 1.00
Director
$0 $0 $0
JACK HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
LINDSEY JENKINS DIRECTOR 1.00
Director
$0 $0 $0
MERRY MACBARB DIRECTOR 1.00
Director
$0 $0 $0
TERESA MCLAMB DIRECTOR 1.00
Director
$0 $0 $0
BROOKE RUDD-GAGLIE DIRECTOR 1.00
Director
$0 $0 $0
RON SKUBIC DIRECTOR 1.00
Director
$0 $0 $0
JILL WARD DIRECTOR 1.00
Director
$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 $2,155,165 $1,225,044 $8,872,326 $930,121
2024 $1,859,351 $920,387 $8,145,668 $938,964
2023 $1,117,555 $868,928 $6,658,364 $248,627
2022 $949,080 $707,442 $6,253,443 $241,638
2021 $1,430,738 $903,393 $6,424,468 $527,345
2020 $1,161,865 $775,854 $5,452,995 $386,011
2019 $1,516,559 $621,319 $5,053,617 $895,240
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