2023-12-13T15:29:17-06:00 2023-06-30 560571159 BERNARD ROBINSON & COMPANY LLP PO BOX 19608 GREENSBORO NC 274199608 990 2022-07-01 561070364 FORSYTH TECHNICAL COMMUNITY COLLEGE FOUNDATION INC FORS 3367347540 2100 SILAS CREEK PARKWAY WINSTONSALEM NC 27103 KIZZY LEA TREASURER 3367347540 2023-12-13 1 KIZZY LEA 999009999 0 JOHN M ROBINSON P01281319 3362944494 2023-12-13 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KIZZY LEA 2100 SILAS CREEK PARKWAY WINSTONSALEM NC 27103 25477751 0 X WWW.FORSYTHTECH.EDU X 1973 NC THE PURPOSES OF THE FOUNDATION ARE TO FOSTER PUBLIC UNDERSTANDING OF, AND SUPPORT FOR, FORSYTH TECHNICAL COMMUNITY COLLEGE AND TO SOLICIT AND PROMOTE DONATIONS OF ANY KIND FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE. 15 13 0 14 0 0 1755677 1937170 0 0 1227596 414200 0 0 2983273 2351370 1647713 2400632 0 0 0 0 0 12500 50276 173307 147922 1821020 2561054 1162253 -209684 14112949 14533335 3815 4329 14109134 14529006 THE PURPOSES OF THE FOUNDATION ARE TO FOSTER PUBLIC UNDERSTANDING OF, AND SUPPORT FOR, FORSYTH TECHNICAL COMMUNITY COLLEGE AND TO SOLICIT AND PROMOTE DONATIONS OF ANY KIND FOR THE EXCLUSIVE BENEFIT OF THE COLLEGE. 0 0 927863 916796 VARIOUS ENDOWMENTS AND SCHOLARSHIPS AWARDED TO STUDENTS AT FORSYTH TECHNICAL COMMUNITY COLLEGE TO HELP FINANCE THEIR HIGHER EDUCATION AND ENHANCE THE COMMUNITY THROUGH THIS EDUCATION. 1483836 1483836 CONTRIBUTIONS TO FORSYTH TECHNICAL COMMUNITY COLLEGE FOR THE SUPPORT OF THEIR OVER 275 (247 CURRICULUM) EDUCATIONAL PROGRAMS PROVIDED TO OVER 11,000 CREDIT STUDENTS AND 9,000 CORPORATE AND CONTINUING EDUCATION STUDENTS. 2411699 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X FORSYTH TECHNICAL COMMUNITY COLLEGE 3367347450 2100 SILAS CREEK PARKWAY WINSTONSALEM NC 27103 DR JANET SPRIGGS SECRETARY 1.00 40.00 X X 0 272002 89972 KIZZY LEA TREASURER 1.00 40.00 X X 0 158173 50449 WILLIAM GREEN EXECUTIVE DIRECTOR 32.00 8.00 X 0 113707 38425 CHARLES CORPENING CHAIR 1.00 X X 0 0 0 GINGER SALT IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 BRENT COLLINS FIRST VICE CHAIR 1.00 X X 0 0 0 PRECIOUS QUIRE-MCCLOUD SECOND VICE CHAIR 1.00 X 0 0 0 BETH BALDWIN DIRECTOR 1.00 X 0 0 0 SCOTT CARPENTER DIRECTOR 1.00 X 0 0 0 SHERRY CARPENTER DIRECTOR 1.00 X 0 0 0 JOHN COCKLEREECE DIRECTOR 1.00 X 0 0 0 BRAJAN FUNES DIRECTOR 1.00 X 0 0 0 EDWARD GRIGGS DIRECTOR 1.00 X 0 0 0 STEPHAN LILLIE DIRECTOR 1.00 X 0 0 0 AMANDA LOCKLEAR DIRECTOR 1.00 X 0 0 0 ANN WATTS DIRECTOR 1.00 X 0 0 0 0 543882 178846 0 0 1 0 0 1937170 29670 1937170 436943 436943 22818638 285000 22983436 142945 -164798 142055 -22743 -22743 2351370 0 0 414200 2351422 2351422 49210 49210 7500 7500 12500 12500 42806 42806 31545 31545 1500 1500 1767 1520 247 14459 11067 3392 MISCELLANEOUS EXPENSE 48345 12316 36029 2561054 2411699 99079 50276 215550 111935 3849371 3644640 28821 24525 9806 23053 1741 79000 204000 79000 9717333 10553752 88068 94689 14112949 14533335 3815 4329 3815 4329 X 3839994 3648630 10269140 10880376 14109134 14529006 14112949 14533335 -209684 629556 0 X 0 1 X 1 0 X 1216298 1006699 1161267 1755677 1937170 7077111 1216298 1006699 1161267 1755677 1937170 7077111 3343241 3733870 452059 492424 437645 646662 436943 2465733 9542844 0.39130 0.34770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8337161 235117 709020 59892 111347 36564 9073495 9644626 109500 -1156141 129365 86927 44532 8337161 6871203 1132661 1847602 61352 107309 38179 9644626 6949005 29631 74013 61746 84744 34956 6871203 6153839 127812 28176 3027 6306800 0.11038 0.74581 0.14381 0 0 79000 79000 79000 X 2956065 629556 -42806 586750 2369315 -17945 -17945 2351370 2536193 17945 17945 2518248 42806 42806 2561054 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF 59 INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS AND 1 QUASI-ENDOWMENT ESTABLISHED FOR A VARIETY OF PURPOSES. PART X, LINE 2: IT IS THE FOUNDATION'S POLICY TO EVALUATE ALL TAX POSITIONS TO IDENTIFY ANY THAT MAY BE CONSIDERED UNCERTAIN. ALL IDENTIFIED MATERIAL TAX POSITIONS ARE ASSESSED AND MEASURED BY A MORE-LIKELY-THAN-NOT THRESHOLD TO DETERMINE IF THE TAX POSITION IS UNCERTAIN AND WHAT, IF ANY, THE EFFECT OF THE UNCERTAIN TAX POSITION MAY HAVE ON THE FINANCIAL STATEMENTS. NO MATERIAL UNCERTAIN TAX POSITIONS WERE IDENTIFIED FOR 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES INCLUDED IN REVENUE ON FINANCIAL STATEMENTS -42,806. PART XI, LINE 4B - OTHER ADJUSTMENTS: LAND SALE EXPENSES NOT INCLUDED IN REVENUE ON FINANCIAL STATEMENTS -17,945. PART XII, LINE 2D - OTHER ADJUSTMENTS: LAND SALE FEES 17,945. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT MANAGEMENT FEES 42,806. PART V, ENDOWMENT FUNDS, LINE 1G COLUMN (E), AND LINE 1A COLUMN (D) THE FOUR YEARS BACK END OF YEAR BALANCE ON LINE 1G COLUMN (E) DOES NOT AGREE TO THE THREE YEARS BACK BEGINNING OF YEAR BALANCE ON LINE 1A COLUMN (D). THE THREE YEARS BACK BEGINNING OF YEAR BALANCE ON LINE 1A COLUMN (D) WAS ADJUSTED TO INCLUDE ACCUMULATED ENDOWMENT EARNINGS NOT PREVIOUSLY INCLUDED IN THIS RECONCILIATION. 1 FORSYTH TECHNICAL COMMUNITY COLLEGE 2100 SILAS CREEK PARKWAY WINSTON SALEM NC 27103 560792614 501(C)3 1421036 19800 FAIR MARKET VALUE EDUCATIONAL SUPPLIES AND EQUIPMENT EDUCATION PROGRAMS FORSYTH TECHNICAL COMMUNITY COLLEGE 2100 SILAS CREEK PARKWAY WINSTON SALEM NC 27103 560792614 501(C)3 910586 0 SCHOLARSHIPS 1 0 GRANTS TO FORSYTH TECHNICAL COMMUNITY COLLEGE FACULTY AND STAFF 5 6210 GRANTS TO SMALL BUSINESSES IN FORSYTH COUNTY, NC 12 43000 PART I, LINE 2: THE ORGANIZATION MAKES GRANTS ONLY TO A RELATED ORGANIZATION, FORSYTH TECHNICAL COMMUNITY COLLEGE. THE ORGANIZATION ALSO MAKES GRANTS TO SMALL BUSINESS OWNERS IN FORSYTH COUNTY, IN KEEPING WITH THE COLLEGE'S PROGRAMMING AND MISSION. THE SMALL BUSINESS CENTER NETWORK USES A CLIENT MANAGEMENT SYSTEM TO FOLLOW UP WITH CLIENTS WHO HAVE RECEIVED GRANT FUNDS. THE DETAILS OF USE AND THE ADDED IMPACT THAT RESULTED FROM THE USE OF THE FUNDS IS RECORDED THREE AND SIX MONTHS AFTER RECEIVING THE FUNDS, IF NOT MORE. 0 0 0 0 0 0 0 0 0 DR JANET SPRIGGS SECRETARY 0 272002 0 0 0 0 0 80179 0 9793 0 361974 0 0 KIZZY LEA TREASURER 0 158173 0 0 0 0 0 41795 0 8654 0 208622 0 0 WILLIAM GREEN EXECUTIVE DIRECTOR 0 113707 0 0 0 0 0 29771 0 8654 0 152132 0 0 X 4000 FAIR MARKET VALUE X 1 9870 FAIR MARKET VALUE X USED MEDICAL LAB EQUIPMENT 3 8750 FAIR MARKET VALUE X BIOTECH LAB PLANT GRINDER 1 4850 FAIR MARKET VALUE X USED DIGITAL PIANO 1 2200 FAIR MARKET VALUE 1 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B AN ELECTRONIC COPY OF THE FULL FORM 990 IS REVIEWED BY THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL OFFICERS AND BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN A CONFLICT OF INTEREST STATEMENT, WHICH INCLUDES MAKING A WRITTEN DISCLOSURE TO THE EXECUTIVE DIRECTOR OF THE FOUNDATION AND THE CHAIR OF THE BOARD OF DIRECTORS OF ALL POTENTIAL CONFLICTS OF INTEREST. THE EXECUTIVE DIRECTOR OF THE FOUNDATION WILL ALSO REVIEW ALL DISCLOSURE STATEMENTS COMPLETED BY KEY EMPLOYEES AND THE CHAIR OF THE BOARD WILL REVIEW ALL DISCLOSURE STATEMENTS COMPLETED BY DIRECTORS AND THE EXECUTIVE DIRECTOR OF THE FOUNDATION TO DETERMINE APPROPRIATE RESOLUTION IN ACCORDANCE WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORSYTH TECHNICAL COMMUNITY COLLEGE 2100 SILAS CREEK PKWY WINSTONSALEM NC 27103 560792614 COLLEGE NC 501(C)(3) LINE 5 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0