CRAVEN COMMUNITY COLLEGE FOUNDATION

EIN: 591718436 501(c)(3) Education

NEW BERN, NC

Total Revenue
$1,086,803
Total Expenses
$670,645
Total Assets
$5,071,083
Net Assets
$5,049,462
🔒

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
1977
Legal Domicile
NC
Principal Officer
CHARLES WETHINGTON
Phone
2526387350
Tax Period
2024-07-01 to 2025-06-30

CRAVEN COMMUNITY COLLEGE FOUNDATION, founded in 1977, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $416K, a strong 38% operating margin.

Mission

TO PROMOTE & SUPPORT CRAVEN COMMUNITY COLLEGE IN CARRYING OUT ITS CHARITABLE & EDUCATIONAL PURPOSES

Program Service Accomplishments

Program 1
Expenses: $390,276

SCHOLARSHIPS TO STUDENTS OF CRAVEN COMMUNITY COLLEGE, NEW BERN, NC. APPROXIMATELY 2,820 AWARDS GIVEN TO COLLEGE STUDENTS BASED ON NEED.

Program 2
Expenses: $85,684

DIRECT FINANCIAL ASSISTANCE TO CRAVEN COMMUNITY COLLEGE, NEW BERN, NC TO HELP FURTHER ITS CHARITABLE AND EDUCATIONAL GOALS.

Program 3
Expenses: $128,855 Revenue: $129,099

DIRECT FINANCIAL ASSISTANCE TO LIFETIME LEARNING CENTER, COMBINED PARTICIPATION IN ALL EVENTS WAS APPROXIMATELY 7,636 FOR THE FISCAL YEAR.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $685,362
Program Service Revenue $153,428
Investment Income $198,402
Other Revenue $49,611
TOTAL REVENUE $1,086,803

Expense Breakdown

Grants Paid $475,960
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $604,815
Other Expenses $194,685
TOTAL EXPENSES $670,645

Year-over-Year Comparison

2024 2023 Change
Revenue $1,086,803 $726,501 +0.5%
Expenses $670,645 $601,490 +0.1%
Net Income $416,158 $125,011 +2.3%
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
27
Independent Members
27
Employees
N/A
Volunteers
25

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
$673,547
Total Directors
28
$673,547
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR RAYMOND STAATS CCC PRESIDEN 1.00
Officer Director
$0 $78,090 $341,514
JIM MILLARD TREASURER 1.00
Officer Director
$0 $50,824 $186,533
CHARLES WETHINGTON SECRETARY 1.00
Officer Director
$0 $40,396 $145,500
TYLER B HARRIS PRESIDENT 0.50
Director
$0 $0 $0
TAMMY SHERRON VICE PRESIDE 0.50
Director
$0 $0 $0
CAROL BECTON BOARD MEMBER 0.50
Director
$0 $0 $0
MARK BEST BOARD MEMBER 0.50
Director
$0 $0 $0
DR JAMES B CONGLETON III BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLES CUSHMAN BOARD MEMBER 0.50
Director
$0 $0 $0
JIM DAVIS BOARD MEMBER 0.50
Director
$0 $0 $0
BISHOP CHARLES T DUDLEY BOARD MEMBER 0.50
Director
$0 $0 $0
WENDY FISHER BOARD MEMBER 0.50
Director
$0 $0 $0
DR DWIGHT GRADY BOARD MEMBER 0.50
Director
$0 $0 $0
ASHLEY IRIZARRY BOARD MEMBER 0.50
Director
$0 $0 $0
DR VIRGINA JOHNSON BOARD MEMBER 0.50
Director
$0 $0 $0
ROBERT JOHNSON BOARD MEMBER 0.50
Director
$0 $0 $0
CAROLE KEMP BOARD MEMBER 0.50
Director
$0 $0 $0
LEE E KNOTT BOARD MEMBER 0.50
Director
$0 $0 $0
JOHN ROBERT MATTOCKS BOARD MEMBER 0.50
Director
$0 $0 $0
DR BETTINA MEEKINS BOARD MEMBER 0.50
Director
$0 $0 $0
HANNAH MITCHELL BOARD MEMBER 0.50
Director
$0 $0 $0
DR BEVERLY PERDUE BOARD MEMBER 0.50
Director
$0 $0 $0
ANNE C SCHOUT BOARD MEMBER 0.50
Director
$0 $0 $0
KAREN SEGAL BOARD MEMBER 0.50
Director
$0 $0 $0
TERRI SHARP BOARD MEMBER 0.50
Director
$0 $0 $0
JENNIFER STALLINGS BOARD MEMBER 0.50
Director
$0 $0 $0
JEANNIE TYSON BOARD MEMBER 0.50
Director
$0 $0 $0
CRAIG WARREN BOARD MEMBER 0.50
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 $1,086,803 $670,645 $5,071,083 $416,158
2024 $726,501 $601,490 $4,499,255 $125,011
2023 $731,983 $667,396 $3,883,842 $64,587
2022 $818,835 $446,844 $3,648,887 $371,991
2021 $897,814 $552,235 $3,986,433 $345,579
2020 $615,322 $541,117 $3,361,489 $74,205
2019 $647,047 $465,710 $3,217,675 $181,337
2018 $705,266 $473,678 $2,965,542 $231,588
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CRAVEN COMMUNITY COLLEGE FOUNDATION with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.