2026-04-23T11:22:01-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 200 BRICKSTONE SQUARE SUITE 103 ANDOVER MA 01810 990 2024-07-01 237079454 GASTON COLLEGE FOUNDATION GAST 7049226511 201 HIGHWAY 321 SOUTH BOX 4 DALLAS NC 28034 MICHAEL WHITEMAN ASSISTANT BOARD TREASURER 7049226511 2026-04-23 1 0 LUKE BURNETT P01079018 9786202000 2026-04-18 2024 2025-03-06 01:10:19Z LUKE UPCHURCH 201 HIGHWAY 321 SOUTH BOX 4 DALLAS NC 28034 3366470 0 X WWW.GASTONCOLLEGEFOUNDATION.ORG X FOUNDATION OF HIGHER EDUCATION INSTITUTION 1968 NC THE MISSION OF THE GASTON COLLEGE FOUNDATION, INC. IS TO RAISE, INVEST, ADMINISTER AND DISBURSE FUNDS EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC OR EDUCATIONAL PURPOSES FOR THE BENEFIT OF GASTON COLLEGE. 16 16 0 75 0 0 2797107 2862330 0 0 487498 387659 104995 18526 3389600 3268515 2885647 2380029 0 0 0 0 0 0 217088 405218 452567 3290865 2832596 98735 435919 13034157 14248127 27185 99596 13006972 14148531 THE MISSION OF THE GASTON COLLEGE FOUNDATION, INC. IS TO RAISE, INVEST, ADMINISTER AND DISBURSE FUNDS EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC OR EDUCATIONAL PURPOSES FOR THE BENEFIT OF GASTON COLLEGE. 0 0 1901988 1726643 THE FOUNDATION PROVIDES GENERAL SUPPORT FOR EDUCATIONAL ENRICHMENT PROGRAMS AT GASTON COLLEGE INCLUDING SUPPORT FOR UNDERGRADUATE RESEARCH, HEALTH SCIENCE SIMULATION EQUIPMENT, FOOD BANK, ETC. IN ADDITION, THE FOUNDATION SUPPORTS THE COLLEGE'S CONSTRUCTION PROJECTS. 567746 567746 THE FOUNDATION PROVIDES FUNDING FOR SCHOLARSHIPS FOR GASTON COLLEGE STUDENTS AS WELL AS GRANTS FOR FACULTY. 85640 85640 THE FOUNDATION ACCEPTS GIFTS AND PROVIDES FUNDING FOR THE COLLEGE'S RADIO STATION WSGE 91.7 FM. 2555374 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 16 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X LUKE UPCHURCH 7049226511 201 HIGHWAY 321 SOUTH BOX 4 DALLAS NC 28034 MR CHRIS ELMORE PRESIDENT 0.30 0.00 X X 0 0 0 REV DR JOAN MARTIN VICE-PRESIDENT 0.30 0.00 X X 0 0 0 MR JALAL JOHN AZAR TREASURER 0.30 0.00 X X 0 0 0 MR DAVID LEE DIRECTOR 0.30 0.00 X X 0 0 0 THE HON JESSE CALDWELL DIRECTOR 0.30 0.00 X 0 0 0 MR NAZRUL CHOWDHURY DIRECTOR 0.30 0.00 X 0 0 0 MR ERIC CLAY DIRECTOR 0.30 0.00 X 0 0 0 MR ALAN CLONINGER DIRECTOR 0.30 0.00 X 0 0 0 MR MARTIN EADDY DIRECTOR UNTIL 8/18/24 0.30 0.00 X 0 0 0 MR TIM EFIRD DIRECTOR 0.30 0.00 X 0 0 0 MR CHAD GHORLEY DIRECTOR 0.30 0.00 X 0 0 0 MR MARTY HALLMAN DIRECTOR 0.30 0.00 X 0 0 0 MS CHRISTA HEILIG DIRECTOR 0.30 0.00 X 0 0 0 MS IRIS HOPPER DIRECTOR 0.30 0.00 X 0 0 0 MS JEN THOMAS DIRECTOR 0.30 0.00 X 0 0 0 MS ROSALIND WELDER DIRECTOR 0.30 0.00 X 0 0 0 DR JOHNATHAN WILLIAMS DIRECTOR 0.30 0.00 X 0 0 0 DR JOHN HAUSER SECRETARY 0.50 40.00 X 0 340220 20413 MR LUKE UPCHURCH EXECUTIVE DIRECTOR 10.00 30.00 X 0 110000 6600 MR MIKE WHITEMAN ASST. TREASURER 0.50 40.00 X 0 36250 2175 MS SHELLY ALMAN ASST. TREASURER UNTIL 02/2025 0.50 40.00 X 0 0 0 0 486470 29188 0 0 1 0 0 57769 2804561 408283 2862330 287158 287158 168919 68418 100501 100501 100501 48063 57769 29537 18526 18526 3268515 100501 0 305684 2380029 2380029 12366 12366 47768 47768 1438 1438 41452 41452 13858 13858 FUNDRAISING AND EVENTS 176934 176934 OTHER EXPENSES 118597 118597 RECOGNITION 40154 40154 2832596 2555374 60134 217088 2920969 2417139 105426 10000 64900 10457 24164 200114 9797191 11731924 13034157 14248127 27185 99596 27185 99596 X 3239951 10754966 9767021 3393565 13006972 14148531 13034157 14248127 435919 705640 0 X 0 1 X 1 0 X 2917494 1213962 1006944 2797107 2862330 10797837 2917494 1213962 1006944 2797107 2862330 10797837 5003729 5794108 271352 1045 332357 487498 287158 1379410 18526 18526 12195773 0.47510 0.45600 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6165423 1116387 15242 7297052 6059255 103637 2531 6165423 5944908 108421 5927 6059255 5799149 143145 2614 5944908 5724699 71725 2725 5799149 0.20110 0.79890 0 0 0 RESTRICTED INVESTMENTS 11678604 C OTHER INVESTMENTS 53320 C 11731924 X 3955924 705640 705640 3250284 47768 -29537 18231 3268515 2814365 29537 29537 2784828 47768 47768 2832596 PART V, LINE 4: ITS SOLE MISSION IS TO RAISE, INVEST, ADMINISTER AND DISBURSE FUNDS EXCLUSIVELY FOR CHARITABLE, SCIENTIFIC, OR EDUCATIONAL PURPOSES FOR THE BENEFIT OF GASTON COLLEGE BASED ON THE ENDOWMENT AGREEMENT, THE MAJORITY ARE FOR SCHOLARSHIPS. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). IN ACCORDANCE WITH IRC REGAULATIONS, THE FOUNDATION IS TAXED ON UNRELATED BUSINESS INCOME WHICH CONSISTS OF EARNINGS FROM ACTIVITIES NOT RELATED TO THE EXEMPT PURPOSE OF THE FOUNDATION. THE FOUNDATION ACCOUNTS FOR TAX UNCERTAINTIES BASED ON A MORE LIKELY THAN NOT RECOGNITION THRESHOLD WHEREBY TAX BENEFITS ARE ONLY RECOGNIZED WHEN THE FOUNDATION BELIEVES THAT THEY ARE A GREATER THAN 50% LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE FOUNDATION HAS EVALUATED ALL OF ITS TAX POSITIONS AND DETERMINED THAT IT HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF JUNE 30,2024. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX EXEMPT ORGANIZATION AND IS NOT SUBJECT TO TAX. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -29,537. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 29,537. MOVEMENT MAKERS 45764 16800 28964 11010 GOLF 29044 15769 13275 13026 2 31024 25200 5824 5501 105832 57769 48063 29537 29537 18526 1 GASTON COLLEGE 201 HIGHWAY 321 SOUTH DALLAS NC 28034 560792292 501(C)(3) 567746 0 N/A N/A SCHOLARSHIPS GASTON COLLEGE 201 HIGHWAY 321 SOUTH DALLAS NC 28034 560792292 501(C)(3) 85640 0 N/A N/A WSGE RADIO STATION GASTON COLLEGE 201 HIGHWAY 321 SOUTH DALLAS NC 28034 560792292 501(C)(3) 959528 767116 FMV EQUIPMENT CONSTRUCTION AND EQUIPMENT 1 0 PART I, LINE 2: PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS GRANT APPLICATION ARE RECIEVED BY THE FOUNDATION ON AN ANNUAL BASIS AND APPROVED BY THE FOUNDATION BOARD OF DIRECTORS AT THEIR JULY MEETING. ANY EXPENDITURES RELATED TO GRANTS GIVEN REQUIRE APPROVAL BY THE FOUNDATION PRIOR TO PAYMENT. FOR SOME GRANTS, A FINAL REPORT IS REQUESTED TO DETAIL PROJECT EXPENSES AND OUTCOMES AT THE END OF THE GRANT PERIOD. 0 0 0 0 0 0 0 0 0 DR JOHN HAUSER SECRETARY 0 340220 0 0 0 0 0 20413 0 0 0 360633 0 0 X EQUIPMENT 4 408283 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT INCLUDED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS SHALL HAVE AN EXECUTIVE COMMITTEE, CONSISTING OF THE PRESIDENT, VICE PRESIDENT, SECRETARY AND TREASURER, WHICH SHALL HAVE AND MAY EXERCISE THE AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF CORPORATION DURING INTERVALS BETWEEN MEETINGS. THE EXECUTIVE COMMITTEE SHALL KEEP MINUTES OF ITS PROCEEDINGS AND SHALL REPORT TO THE BOARD OF DIRECTORS ON ACTION TAKEN. MINUTES OF MEETINGS OF THE EXECUTIVE COMMITTEE SHALL BE PREPARED AND KEPT WITH THE RECORDS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE GASTON COLLEGE BOARD OF TRUSTEES CAN APPOINT GASTON COLLEGE FOUNDATION BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO THE FOUNDATION BOARD OF DIRECTORS FOR REVIEW BEFORE FILING WITH THE IRS. THE COMPLETED FORM 990 COMPLETED RETURN IS CIRCULATED VIA EMAIL OR AT THE NEXT BOARD OF DIRECTORS MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS READ ALOUD AT THE BEGINNING OF EACH BOARD OR COMMITTEE MEETING BY THE BOARD OR COMMITTEE CHAIR. EACH MEMBER MUST ATTEST THAT THERE IS NO BUSINESS ITEM ON THE AGENDA WITH WHICH THEY HAVE A CONFLICT. IF A BOARD MEMBER INDICATES A CONFLICT, THE MEMBER IS ASKED TO RECUSE THEMSELF(VES) FROM ANY DISCUSSION OR VOTE ON THE ITEM. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST AND VIA THE FOUNDATION WEBSITE. GASTON COLLEGE 201 HIGHWAY 321 SOUTH DALLAS NC 28034 560792292 EDUCATION NC 501(C)(3) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0