BEAUFORT COUNTY COMMUNITY COLLEGE FOUNDATION INC

EIN: 581698724 501(c)(3) Education

WASHINGTON, NC

Total Revenue
$1,215,271
Total Expenses
$420,656
Total Assets
$5,482,262
Net Assets
$5,478,848
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NC
Principal Officer
MARK NELSON
Phone
2529406266
Tax Period
2024-07-01 to 2025-06-30

BEAUFORT COUNTY COMMUNITY COLLEGE FOUNDATION INC, founded in 1984, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $795K, a strong 65% operating margin.

Mission

PROVIDES SCHOLARSHIPS FOR BEAUFORT COUNTY COMMUNITY COLLEGE STUDENTS.

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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 $595,765
Program Service Revenue $0
Investment Income $639,635
Other Revenue $-20,129
TOTAL REVENUE $1,215,271

Expense Breakdown

Grants Paid $374,302
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $374,302
Other Expenses $46,354
TOTAL EXPENSES $420,656

Year-over-Year Comparison

2024 2023 Change
Revenue $1,215,271 $919,416 +0.3%
Expenses $420,656 $317,967 +0.3%
Net Income $794,615 $601,449 +0.3%
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

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
24

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
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR AMIE FULCHER CHAIR 5.00
Officer Director
$0 $0 $0
PENNY SERMONS VICE CHAIR 5.00
Officer Director
$0 $0 $0
DR DAVID LOOPE SECRETARY 5.00
Officer Director
$0 $0 $0
MARK NELSON TREASURER 5.00
Officer Director
$0 $0 $0
LAURA BLILEY BOARD MEMBER 5.00
Director
$0 $0 $0
MARK BOXER BOARD MEMBER 5.00
Director
$0 $0 $0
ZINA BURBAGE BOARD MEMBER 5.00
Director
$0 $0 $0
DAVID L CLEGG BOARD MEMBER 5.00
Director
$0 $0 $0
GREG COLTRAIN BOARD MEMBER 5.00
Director
$0 $0 $0
DAVID C FRANCISCO BOARD MEMBER 5.00
Director
$0 $0 $0
BETTY GRAY BOARD MEMBER 5.00
Director
$0 $0 $0
DR MARDI HASTINGS BOARD MEMBER 5.00
Director
$0 $0 $0
MANDY JONES BOARD MEMBER 5.00
Director
$0 $0 $0
CINDY MARKS BOARD MEMBER 5.00
Director
$0 $0 $0
JANE MCCOTTER BOARD MEMBER 5.00
Director
$0 $0 $0
EVETTE MCGILL BOARD MEMBER 5.00
Director
$0 $0 $0
SARAH NINAN BOARD MEMBER 5.00
Director
$0 $0 $0
PENNY PAUL BOARD MEMBER 5.00
Director
$0 $0 $0
KATE PHELPS BOARD MEMBER 5.00
Director
$0 $0 $0
DORIE RICHTER BOARD MEMBER 5.00
Director
$0 $0 $0
MICHAEL RUNYON BOARD MEMBER 5.00
Director
$0 $0 $0
PAUL SPRUILL BOARD MEMBER 5.00
Director
$0 $0 $0
JOHN TATE III BOARD MEMBER 5.00
Director
$0 $0 $0
CHARLES CHUCK WILLIAMS BOARD MEMBER 5.00
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 $1,215,271 $420,656 $5,482,262 $794,615
2024 $919,416 $317,967 $4,784,768 $601,449
2023 $614,523 $303,128 $4,294,624 $311,395
2022 $654,609 $181,813 $3,867,056 $472,796
2021 $514,050 $148,221 $3,964,832 $365,829
2020 $620,076 $215,169 $3,204,100 $404,907
2019 $430,161 $196,908 $3,031,538 $233,253
2018 $426,502 $140,005 $2,846,101 $286,497
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