2023-12-20T10:34:22-05:00 2023-06-30 844233121 SHARPE PATEL CPA 325 ARLINGTON AVE STE 630 CHARLOTTE NC 28203 990 2022-07-01 581308578 CAPE FEAR COMMUNITY COLLEGE FOUNDATION INC CAPE 9103627101 411 NORTH FRONT STREET WILMINGTON NC 28401 DR JANIE CANTY MITCHELL CHAIR 9103627101 2023-12-11 true JANIE MITCHELL 999009999 true MEGAN A RIDGLEY CPA P01317611 7044993893 2023-12-11 2022 2023-04-26 12:10:37Z DR JANIE CANTY MITCHELL 7213797 false X HTTPS://CFCC.EDU/FOUNDATION/ X 1969 NC TO PROVIDE SCHOLARSHIPS FOR COLLEGE STUDENTS AND TO SUPPORT THE PROGRAMS OF CAPE FEAR COMMUNITY COLLEGE 19 14 0 20 0 2686480 3454015 0 547875 339292 -12686 3234355 3780621 650717 667709 0 0 0 65530 418058 937680 1068775 1605389 2165580 2175232 16732720 19282538 73676 110780 16659044 19171758 TO PROVIDE SCHOLARSHIPS FOR COLLEGE STUDENTS AND TO SUPPORT THE PROGRAMS OF CAPE FEAR COMMUNITY COLLEGE false false 701540 667709 SCHOLARSHIPS TO STUDENTS AT CAPE FEAR COMMUNITY COLLEGE AND MINI-GRANTS TO INSTRUCTORS, BASED ON DOCUMENTED CRITERIA 458607 DONATIONS OF CASH TO CAPE FEAR COMMUNITY COLLEGE FOR EDUCATIONAL SUPPORT AND FOR VARIOUS SERVICES AND IMPROVEMENTS AND TO ASSIST IN GENERATING CASH AND NON-CASH SUPPORT FROM BUSINESSES AND INDIVIDUALS TO HELP FURTHER THE PROGRAMS OF THE COLLEGE. DONATIONS OF NON-CASH ITEMS TO CAPE FEAR COMMUNITY COLLEGE TO HELP FURTHER THE PROGRAMS OF THE COLLEGE. 1160147 true true false false false false false false false true false false false false false true true false false false false false false false true false false false true true false false false false false false false false true false false false false true false true false true 0 0 0 false false false false false false false false X 19 14 false false false false false false false true true false false true true true true true true true true false NC X SHANE FERNANDO 9103627101 411 NORTH FRONT STREET WILMINGTON NC 28401 X DR JANIE CANTY MITCHELL CHAIR 1.00 X X 0 0 0 JENNIFER CRANFORD VICE CHAIR 1.00 X X 0 0 0 TERESA HUFFMON FINANCE CHAI 1.00 X 0 0 0 JACK FULLER PAST CHAIR 1.00 X 0 0 0 BILL BAGGETT DIRECTOR 1.00 X 0 0 0 HANNAH HOLT DIRECTOR 1.00 X 0 0 0 GEORGE JOHNSON DIRECTOR 1.00 X 0 0 0 DR MICHAEL PENLAND DIRECTOR 1.00 X 0 0 0 DR EDWARD RICCIARDELLI DIRECTOR 1.00 X 0 0 0 MARGARET WELLER STARGELL DIRECTOR 1.00 X 0 0 0 MAT WHITE DIRECTOR 1.00 X 0 0 0 LANDON ZIMMER DIRECTOR 1.00 X 0 0 0 HOWARD STEIN DIRECTOR 1.00 X 0 0 0 DR RUDI RICHMAND DIRECTOR 1.00 X 0 0 0 LOUISE MCCOLL EMERITUS MEM 1.00 X 0 0 0 SHANE FERNANDO EX-OFFICIO D 40.00 X 0 150669 8427 150669 8427 true true true 303152 3150863 342702 3454015 465510 465510 3294272 3420490 -126218 -126218 -126218 303152 12686 -12686 -12686 3780621 -126218 452824 667709 667709 33831 33831 18976 3448 11532 3996 141588 25727 86043 29818 774 141 470 163 WILSON CENTER 305697 305697 BAD DEBT 252103 252103 CFCC DIRECT SUPPORT 77103 77103 SPECIAL PURPOSE FUNDS 38383 37652 731 69225 8839 29564 30822 1605389 1160147 379712 65530 3206640 3534345 563266 299883 12785526 14958555 177288 489755 16732720 19282538 73676 110780 73676 110780 X 988082 806891 15670962 18364867 16659044 19171758 16732720 19282538 X 2175232 932165 -594683 X false true X true true true X 1468624 1077573 2752949 2645244 3454015 11398405 367271 436912 442452 1246635 1835895 1514485 2752949 3087696 3454015 12645040 736044 11908996 335619 244651 396680 561415 465510 2003875 14648915 0.81300 0.80840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12982976 1258869 1227871 435320 15034396 15748396 727461 -2281505 1211376 12982976 11291452 2177532 3195451 916039 15748396 11199325 241850 373174 522897 11291452 10134555 564397 547227 46854 11199325 false false X 5176576 932165 484935 12686 1429786 3746790 33831 33831 3780621 2069179 484935 12686 497621 1571558 33831 33831 1605389 SCHEDULE D, PAGE 3, PART X THE FOUNDATION ADOPTED THE PROVISIONS OF FASB ASC 740-10-25 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THIS PROVISION, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION HAD NO IMPACT ON THE FOUNDATIONS FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX YEARS IN PROGRESS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR THE YEARS PRIOR TO 2018. AT JUNE 30, 2023 AND 2022, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. SCHEDULE D, PAGE 4, PART XI, LINE 2D FUNDRAISING EXPENSES 12,686 SCHEDULE D, PAGE 4, PART XII, LINE 2D FUNDRAISING EXPENSES 12,686 NURSING EVENT 180650 180650 1873 75 1307 VET TECH EVENT 62222 62222 696 75 799 3 60280 60280 5353 2508 303152 303152 7922 150 4614 12686 -12686 true SCHOLARSHIPS FOR STUDENTS 271 667709 ACTUAL SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION WORKS WITH THE COLLEGE AND THE FINANCIAL AID OFFICE OF THE COLLEGE TO MONITOR USE OF CASH AND NON-CASH GRANTS TO THE COLLEGE AND CASH GRANTS FOR SCHOLARSHIPS TO STUDENTS AND MINI GRANTS TO INSTRUCTORS false false false false false false false false false SHANE FERNANDO EX-OFFICIO DIRECTOR 150669 8427 159096 SCHEDULE J, PART III SHANE FERNANDO WAS ALSO COMPENSATED BY THALIAN HALL (AN UNRELATED ORGANIZATION) FOR SERVICES TO THAT ORGANIZATION DURING THE FISCAL YEAR. X 1 4500 FMV X 1 312000 APPRAISAL X VARIOUS 36 8230 FMV X CAMERA SUPPLIES 10 4775 FMV X ELECTRICAL EQUI 13 11737 FMV X EDUCAT SUPPLIES 5 1460 FMV false true false FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 IS REVIEWED AND APPROVED BY THE VP, ADVANCEMENT AND THE ARTS AND THE CHAIR OF THE INVESTMENT COMMITTEE, THEN FILED. A COPY OF THE 990 IS THEN PRESENTED AT THE NEXT QUARTERLY BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C THE FOUNDATION HAS IMPLEMENTED A CONFLICT OF INTEREST POLICY AND HAS EACH BOARD MEMBER SIGN ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE COMPENSATION OF THE EXECUTIVE DIRECTOR, VP OF ADVANCEMENT AND THE ARTS, AND OTHER STAFF IS DETERMINED BY AND PAID BY CAPE FEAR COMMUNITY COLLEGE, A RELATED ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 15B THE COMPENSATION OF THE EXECUTIVE DIRECTOR, VP OF ADVANCEMENT AND THE ARTS, AND OTHER STAFF IS DETERMINED BY AND PAID BY CAPE FEAR COMMUNITY COLLEGE, A RELATED ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 19 ALL GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND INFORMATIONAL 990 ARE AVAILABLE TO THE PUBLIC, BY REQUEST, AT THE FOUNDATION OFFICE. FORM 990, PART XI, LINE 9 TRANSFERS TO COLLEGE -594,683 CAPE FEAR COMMUNITY COLLEGE 411 NORTH FRONT STREET WILMINGTON NC 28401 560792881 EDUCATION NC GOVERN N/A false false true false false false false false false false false false false false true true false false true false CAPE FEAR COMMUNITY COLLEGE B 30702 FAIR MARKET VALUE CAPE FEAR COMMUNITY COLLEGE B 305697 ACTUAL AMOUNT CAPE FEAR COMMUNITY COLLEGE O 46022 ACTUAL AMOUNT CAPE FEAR COMMUNITY COLLEGE B 667709 ACTUAL AMOUNT CAPE FEAR COMMUNITYH COLLEGE N 484935 ACTUAL AMOUNT