FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC

EIN: 581640133 501(c)(3) Education

FAYETTEVILLE, NC

Total Revenue
$1,377,877
Total Expenses
$991,430
Total Assets
$8,063,271
Net Assets
$8,063,271
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
NC
Principal Officer
JAY DOWDY
Phone
9106788441
Tax Period
2024-07-01 to 2025-06-30

FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE FOUNDATION INC, founded in 1985, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $386K, a strong 28% operating margin.

Mission

TO PROVIDE SUPPORT TO FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE FOR SCHOLARSHIPS, GRANTS, AND CAPITAL ITEMS TO SUPPORT EDUCATION AT FTCC.

Program Service Accomplishments

Program 1
Expenses: $823,192

TO PROVIDE SUPPORT TO FAYETTEVILLE TECHNICAL COMMUNITY COLLEGE FOR SCHOLARSHIPS, GRANTS, AND CAPITAL ITEMS TO SUPPORT EDUCATION AND THE STUDENT EXPERIENCE AT FTCC.

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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 $1,213,551
Program Service Revenue $0
Investment Income $164,326
Other Revenue $0
TOTAL REVENUE $1,377,877

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $49,115
Program Expenses $823,192
Other Expenses $991,430
TOTAL EXPENSES $991,430

Year-over-Year Comparison

2024 2023 Change
Revenue $1,377,877 $1,280,405 +0.1%
Expenses $991,430 $1,226,844 -0.2%
Net Income $386,447 $53,561 +6.2%
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
25
Independent Members
25
Employees
N/A
Volunteers
N/A

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
5
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIA ADAMS DIRECTOR N/A
Director
$0 $0 $0
CAROLYN ARMSTRONG DIRECTOR N/A
Director
$0 $0 $0
KEVIN BUNN DIRECTOR N/A
Director
$0 $0 $0
CHARLES BEN CHAMBERS DIRECTOR N/A
Director
$0 $0 $0
RICHARD CRAVEN DIRECTOR N/A
Director
$0 $0 $0
DONNA DAWKINS TREASURER N/A
Officer Director
$0 $0 $0
JAY DOWDY CHAIR N/A
Officer Director
$0 $0 $0
DICK FOX DIRECTOR N/A
Director
$0 $0 $0
GERALD GORDNER DIRECTOR N/A
Director
$0 $0 $0
WILL HAITHCOCK DIRECTOR N/A
Director
$0 $0 $0
BILL HEDGEPETH CHAIR N/A
Director
$0 $0 $0
CODY HOPPER DIRECTOR N/A
Director
$0 $0 $0
WHITAKER GRANNIS III ASSISTANT TR N/A
Officer Director
$0 $0 $0
RANI JUNEJA DIRECTOR N/A
Director
$0 $0 $0
ALEX KEITH DIRECTOR N/A
Director
$0 $0 $0
DONNA LLOYD DIRECTOR N/A
Director
$0 $0 $0
SHEEL PATEL DIRECTOR N/A
Director
$0 $0 $0
TIM PRICE DIRECTOR N/A
Director
$0 $0 $0
LISA SCALES DIRECTOR N/A
Director
$0 $0 $0
KRISTIN SEELAND DIRECTOR N/A
Director
$0 $0 $0
DIXON SOFFE VICE CHAIR N/A
Officer Director
$0 $0 $0
DR MARK SORRELLS FTCC PRESIDE N/A
Director
$0 $0 $0
JAMIE HARRELL TERRACCIANO DIRECTOR N/A
Director
$0 $0 $0
GREG WHITLEY DIRECTOR N/A
Director
$0 $0 $0
SANDRA AMMONS EXECUTIVE DI 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 $1,377,877 $991,430 $8,063,271 $386,447
2024 $1,280,405 $1,226,844 $7,083,949 $53,561
2023 $1,287,877 $1,260,075 $6,550,744 $27,802
2022 $1,025,174 $646,077 $6,131,503 $379,097
2021 $1,318,169 $392,477 $6,717,703 $925,692
2020 $458,100 $369,243 $4,708,845 $88,857
2019 $524,393 $376,465 $4,493,127 $147,928
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