2025-03-31T11:54:52-07:00 2024-06-30 202571677 CORLISS & SOLOMON PLLC 242 CHARLOTTE ST SUITE 1 ASHEVILLE NC 28801 990 2023-07-01 237322352 Southwestern Community College Foundation Inc SOUT 8285864091 447 College Drive Sylva NC 28779 Lisa K Fisher Treasurer 8285864091 2025-03-28 true true Todd Oldenburg P02281691 8282360206 2025-03-31 2023 2025-03-06 01:10:19Z Lisa K Fisher 447 College Drive Sylva NC 28779 909240 false X www.southwesterncc.edu X 1973 NC The Foundation, through its initiatives, supports Southwestern Community College in its mission to offer high quality, innovative instruction and support. See full mission statement on page 2 19 19 0 30 0 0 519297 524027 0 17619 296461 37671 49729 574587 870217 225154 256368 0 0 0 893 70506 70889 295660 327257 278927 542960 7639625 8902283 0 7639625 8902283 The Foundation, through its initiatives, supports Southwestern Community College in its mission to offer high quality, innovative instruction and support which promotes student achievement, academic excellence and economic development. false false 256457 256368 0 New Century Scholars (NCS) Program, funded solely by private gifts, is designed to improve school graduation and increase the college going rate of local students. It is a last dollar scholarship program. Over 2,556 students have been inducted into New Century Scholars since 1995. In addition to working toward their high school diplomas, New Century Scholars are expected to participate in community service activities, develop leadership skills, explore potential career options and prepare for success in college. . NCS Highlights: -The NCS program gives Southwestern Community and the public schools an opportunity to collaborate on behalf of student success in our region. -School based selection committees meet annually to select rising 7th graders with high potential from the applicant pool. -NCS provides guaranteed, last-dollar tuition assistance to pursue a degree at SCC. -Students, parents, public schools and SCC sign agreements committing to specfic standards/support. -Community businesses, individuals and groups generously provide funding to induct new cohorts of New Century Scholars. . The programs funding is generated by annual donations from residents of Jackson, Macon and Swain Counties. https://www.southwesterncc.edu/new-century-scholars General Scholarship Support: Southwestern Community College Foundation was established in 1973. It exists solely to support the mission of SCC and is governed by a Board of Directors. The foundation receives unrestricted gifts through the Southwestern Community College Annual Fund, a yearly campaign to support students and the mission of the College. In addition, the foundation solicits contributions from individuals, foundations and companies to establish endowed Named Scholarships, as well as provide Annual Scholarships. For the year 2023-24, 224 Scholarships were awarded at a value of $259,000. . Financial gifts to the Foundation allow SCC to maintain a level of excellence beyond that provided by state and local financial support. These gifts help fund many of the essentials of education, and allow SCC to keep pace with the ever expanding needs of our community. It also enables us to support our faculty and staff in a number of ways resulting in teaching and student support excellence. Gala: The Boots, Blue Jeans & Bling annual SCC Gala has raised, since 2014, in excess of $750,000.00 for student scholarships. The Gala has become the preeminent fundraising event in our service region. In 2023, we changed the seating layout from 8 top tables to 10 top tables giving us the ability to accommodate more guests. Due to this change, 568 guests attended the Sold-Out event held in the Events Center, presented by generous benefactor, Harrahs Cherokee Casino Resorts. In 2023, over $159,000 was raised for student scholarships. We plan to return to the Events Center for our 2024 Gala which is already scheduled for September 28. https://www.southwesterncc.edu/news/once-again-annual-gala-breaks-records 256457 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 false false false false false false false false false true false false false false true false false false false true 0 0 true 0 false false false false false true true false false false false false false false X 19 19 false false false false false false false true true false false true true true true true true true false false X X Lisa Kim Fisher 8283394366 447 College Drive Sylva NC 28779 Brett L Woods Foundation Director thru December 31, 2023 40.00 X 0 86806 14856 Evan Hatch Foundation Director - April 22, 2024 thru June 30, 2024 40.00 X 0 0 0 Dr Don Tomas College President 2.00 X X 0 0 0 Lisa Kim Fisher CFO, Treasurer 2.00 X X 0 0 0 Jenny Holland Chair 2.00 X X 0 0 0 Diane Sherrill Vice-Chair 2.00 X X 0 0 0 Brad Hyder Secretary 2.00 X X 0 0 0 Kim Albritton Board Member 1.00 X 0 0 0 Howard Allman Board Member 1.00 X 0 0 0 Erica Bullock Board Member 1.00 X 0 0 0 Gail Debnam Board Member 1.00 X 0 0 0 Lynn Dillard Board Member 1.00 X 0 0 0 Lexie Franklin Board Member 1.00 X 0 0 0 Luke Hyde Board Member 1.00 X 0 0 0 Lisa Leatherman Board Member 1.00 X 0 0 0 Wendy LeMay Board Member 1.00 X 0 0 0 Beth Lofquist Board Member 1.00 X 0 0 0 Terri McElroy Board Member 1.00 X 0 0 0 Brooks Robinson Board Member 1.00 X 0 0 0 Carr Tyndall Board Member 1.00 X 0 0 0 Charles Wolfe Board Member 1.00 X 0 0 0 0 86806 14856 false false false 83296 440731 37789 524027 200082 0 200082 96379 96379 96379 0 0 96379 88752 83296 39023 49729 0 49729 870217 0 0 346190 256368 256368 10810 0 10810 0 29224 0 29224 0 18059 0 18059 0 Other Program Activities 89 89 0 0 Other Expenses 11814 0 11814 0 Fundraising 893 0 0 893 327257 256457 69907 893 62504 103844 678772 734901 38046 25013 6860303 8038525 7639625 8902283 0 0 X 284126 341363 7355499 8560920 7639625 8902283 7639625 8902283 542960 719698 X false true X true false X 0 273734 351030 392798 519297 524027 2060886 0 250974 214502 217384 224401 206345 1113606 524708 565532 610182 743698 730372 3174492 400147 2774345 123090 106082 180994 147172 200082 757420 0 0 3931912 295534 0.70560 0.72060 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6120734 964584 7085318 5304693 0 816041 6120734 6161018 0 -856325 5304693 4827145 0 1333873 6161018 4467874 146478 212793 4827145 1.00000 true false X 1773686 719698 206345 6650 932693 840993 29224 29224 870217 511028 206345 6650 212995 298033 29224 29224 327257 Pt V, Line 4 The endowment funds are all designed to generate income to fund scholarships for students of Southwestern Community College. Pt X, Line 2 The Foundation is exempt from federal income taxes under 501(c)(3) of the Internal Revenue Code. Under the Code, however, income from certain activities not related to the organizations tax-exempt purpose may be subject to taxation as unrelated business income. The organization had no income from unrelated business activities in 2024-23 and was, therefore, not required to file Federal Form 990-T (Exempt Organization Business Income Tax Return). The organization believes that it has appropriate support for all tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements. Pt XI, Line 2d Fundraising Event Expense Pt XII, Line 2d Fundraising Event Expense Other Pt XII Line 2b The College provides personnel, office space and the use of office equipment for Foundation activities as an in-kind donation. The Foundation does not have any employees of its own. Programs are carried out by College employees, who divide their time between College and Foundation activities. College employees include the Foundation Executive Director. Gala 172048 83296 88752 39023 172048 83296 88752 39023 39023 49729 true Education 262 256368 Pt III, col (b) The Foundation awards scholarships to full-time and part-time students enrolled at Southwestern Community College. Students are selected by a committee established by the Board of Directors. The Foundations policy is to award scholarships on the basis of financial need and academic performance, on a non-discriminatory basis. In addition, many scholarships have special terms and conditions which have been established by the scholarship fund donor. Pt III, col (b) College employees are eligible for mini-grants. These are awarded by the Foundation committee based on merit in terms of benefit to students and the College. X 2 5416 FMV X Fundraising Items 118 32373 FMV false true false Pt VI, Line 11b The 990 is prepared by independent accountants and reviewed by management and presented to the Board for review and questions. Pt VI, Line 12c Discussed in Board meetings. Any Board Member with a conflict of interest on any specific issue informs the Board and abstains from voting on the issue. Pt VI, Line 15a Consistent with the Community College Laws of North Carolina for nonprofit corporations whose sole purpose is to support the community college system, the College provides various resources and services to the Foundation. The management and administration of the foundation are carried out by employees of the College. Pt VI, Line 19 Upon request, through the NC Secretary of State website, and online through the websites of many charity watch organizations. Other Part VII - Compensation reported in Part VII for the Director of the Foundation is paid by the College. Since the amount paid was for services to the Foundation, the amount has been reported as if it were paid by the Foundation in accordance with Form 990 instructions. Further, the Director of the Foundations time is divided and allocated between Foundation and College activities. The amount of compensation reported for the Director of the Foundation in Part VII represents 30 percent of total compensation. Other Evan Hatch was not compensated for any work in the calendar year 2023. Southwestern Community College 447 College Dr Sylva NC 28779 237322352 Higher Education NC Govt none false false false false false false false false false false false false false false true true true false false false Southwestern Community College n Fair Market Southwestern Community College 0 Allocated hours