2026-02-18T08:47:52-06:00 2025-06-30 844233121 SHARPE PATEL CPA 5510 SIX FORKS ROAD SUITE 140 RALEIGH NC 27609 990 2024-07-01 566085391 GUILFORD TECHNICAL COMMUNITY COLLEGE FOUNDATION INC GUIL 3363344822 PO BOX 309 JAMESTOWN NC 27282 ANGELA CARTER TREASURER 3363344822 2026-02-13 1 1 REBECCA FISHER P01690017 7044993893 2026-02-13 2024 2025-03-06 01:10:19Z ANGELA CARTER PO BOX 309 JAMESTOWN NC 27282 2985553 0 X FOUNDATION GTCC EDU X 1966 NC TO RAISE FUNDS TO SUPPLEMENT THE FINANCIAL RESOURCES AVAILABLE TO STUDENTS, FACULTY, STAFF, AND PROGRAMS OF GUILFORD TECHNICAL COMMUNITY COLLEGE. 26 25 0 25 0 0 1672663 1421201 0 0 503600 1528271 -22601 -20764 2153662 2928708 554193 528067 0 0 33092 61733 0 0 69987 680734 1155040 1268019 1744840 885643 1183868 19612406 21115700 78368 19900 19534038 21095800 X SEE SCHEDULE OTHE FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO WORTHY STUDENTS SEEKING THEIR EDUCATION, AND TO FACULTY AND STAFF IN AREAS NOT COVERED BY STATE FUNDS. THE FOUNDATION SOLICITS AND ADMINISTERS CHARITABLE GIFTS IN ACCORDANCE WITH THE COLLEGE'S MISSION AND GOALS. 0 0 795630 4802 VARIOUS FINANCIAL ASSISTANCE FOR PROGRAMS AND SERVICES AT GUILFORD TECHNICAL COMMUNITY COLLEGE 528067 528067 SCHOLARSHIPS AND FINANCIAL AID GIVEN TO STUDENTS OF GUILFORD TECHNICAL COMMUNITY COLLEGE 1323697 1 1 0 0 0 0 0 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 1 11 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 26 25 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 NC X ANGELA CARTER 3363344822 PO BOX 309 JAMESTOWN NC 27282 DR ANTHONY CLARKE SECRETARY 1.00 X X 0 293369 25955 SARA MILLARD CHAIR 1.00 X X 0 0 0 RHONDA ANDERSON VICE CHAIR 1.00 X X 0 0 0 GEORGE JORDAN IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 ADRIAN SMITH DIRECTOR 1.00 X 0 0 0 CHARLES GREENE DIRECTOR 1.00 X 0 0 0 CHRISTOPHER HARRILL DIRECTOR 1.00 X 0 0 0 DAVID RAMSEY DIRECTOR 1.00 X 0 0 0 DOUG COPELAND DIRECTOR 1.00 X 0 0 0 DR DONALD CAMERON DIRECTOR 1.00 X 0 0 0 DR JIM HOESKTRA DIRECTOR 1.00 X 0 0 0 JAMES WHITE DIRECTOR 1.00 X 0 0 0 JEFF DOWDEN DIRECTOR 1.00 X 0 0 0 KENNY TAYLOR DIRECTOR 1.00 X 0 0 0 KIM SIMON DIRECTOR 1.00 X 0 0 0 KOURTNEY PAYNE DIRECTOR 1.00 X 0 0 0 LESLYE TUCK DIRECTOR 1.00 X 0 0 0 MARC CUTCHER DIRECTOR 1.00 X 0 0 0 MARSHALL EDWARDS DIRECTOR 1.00 X 0 0 0 MICHAEL GODWIN DIRECTOR 1.00 X 0 0 0 PAIGE RIORDON DIRECTOR 1.00 X 0 0 0 RICK RAMSEY DIRECTOR 1.00 X 0 0 0 ROBERT ROGERS DIRECTOR 1.00 X 0 0 0 SCOTT SAYLOR DIRECTOR 1.00 X 0 0 0 SUZY ADKINS DIRECTOR 1.00 X 0 0 0 THOMAS MORROW DIRECTOR 1.00 X 0 0 0 ANGELA CARTER TREASURER 1.00 X 0 188949 83153 0 482318 109108 0 0 1 0 0 66737 1354464 280419 1421201 403205 403205 1156345 0 31279 1156345 -31279 1125066 1125066 0 66737 25566 -25566 -25566 MISCELLANEOUS 900099 4802 4802 4802 2928708 4802 0 1502705 X 528067 528067 61733 61733 101186 101186 13704 13704 40039 40039 182160 70231 80547 31382 55306 19191 35577 538 63102 387 61972 743 8892 8892 9467 3040 427 6000 67012 62357 4636 19 603 603 MISC. PROGRAM SUPPORT 377650 362934 4661 10055 CONTRIBUTED MATERIALS 222307 206206 3743 12358 EMPLOYEE RECOG. & APPRE 11537 9551 1986 BOARD EXPENSES 2075 2075 1744840 1323697 351156 69987 140793 75000 207745 206462 18233 20820 15833 34677 119 4199 1800457 1686743 1800457 17160165 18599872 382775 374213 19612406 21115700 78368 19900 78368 19900 X 9700974 10233622 9833064 10862178 19534038 21095800 19612406 21115700 1183868 375771 2123 0 X 0 1 X 1 0 X 982702 652101 914663 1672663 1421201 5643330 982702 652101 914663 1672663 1421201 5643330 737477 4905853 213834 217015 357866 368783 403205 1560703 613604 613604 913903 7813 921716 8739353 17436 0.56140 0.55680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 913,903. 2023 AMOUNT: $ 5,470. FUNDRAISING - 2023 AMOUNT: $ 2,343. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6756614 585456 786926 95632 16737 8016627 5844364 463559 562751 92542 21516 6756614 5198711 309467 475172 131853 7133 5844364 6023661 54578 -740595 134550 4382 5198711 5047795 58920 1047023 124919 5158 6023661 1.00000 0 0 1800457 1800457 1800457 MUTUAL FUNDS 16318581 F ALTERNATIVE MUTUAL FUNDS 1459466 F EXCHANGE-TRADED FUNDS 459568 F CASH AND CASH EQUIVALENTS 362257 F 18599872 X 3615586 375771 285541 661312 2954274 -25566 -25566 2928708 2055947 285541 25566 311107 1744840 0 1744840 PART V, LINE 4: THE FOUNDATION MAINTAINS DONOR-RESTRICTED ENDOWMENT FUNDS THAT ARE INTENDED TO PROVIDE LONG-TERM SUPPORT FOR SCHOLARSHIPS AND OTHER PROGRAM PURPOSES DESIGNATED BY DONORS. IN ACCORDANCE WITH UPMIFA AND THE FOUNDATION'S INVESTMENT AND SPENDING POLICIES, THE ORIGINAL VALUE OF GIFTS TO THE PERMANENT ENDOWMENT IS PRESERVED, AND ACCUMULATED INVESTMENT EARNINGS ARE TEMPORARILY RESTRICTED UNTIL APPROPRIATED FOR EXPENDITURE. ENDOWMENT ASSETS ARE INVESTED TO MAINTAIN THEIR LONG-TERM PURCHASING POWER WHILE PROVIDING A PREDICTABLE STREAM OF FUNDING, AND AMOUNTS ARE APPROPRIATED BASED ON A BOARD-APPROVED SPENDING RATE. EARNINGS ARE USED TO SUPPORT SCHOLARSHIPS AND OTHER DONOR-SPECIFIED PURPOSES WHEN AWARDED OR APPROVED. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES AS A NOT-FOR-PROFIT ORGANIZATION UNDER INTERNAL REVENUE SERVICE (IRS) CODE SECTION 501(C)(3). DURING THE YEARS ENDED JUNE 30, 2025 AND 2024, THE FOUNDATION PAID TAXES RELATED TO UNRELATED BUSINESS ACTIVITIES IN THE AMOUNTS OF $0 AND $0, RESPECTIVELY. THE FOUNDATION ADOPTED THE PROVISIONS OF FASB ASC 7401025, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. UNDER THIS PROVISION, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH POSITIONS TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION HAD NO IMPACT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT DID NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX YEARS. THE FOUNDATION BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2024. AS OF JUNE 30, 2025 AND 2024, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES -25,566. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES 25,566. GOLF TOURNAMENT 66737 66737 25566 66737 66737 25566 25566 -25566 1 SCHOLARSHIPS 889 528067 ACTUAL PART I, LINE 2: THE GRANT MANAGER REVIEWS GRANT REQUIREMENTS AND APPROVES APPROPRIATE EXPENSES BASED ON THIS REVIEW. FOR ANY REQUESTS FOR USE OF GRANT FUNDS, A CHECK REQUEST IS PREPARED AND APPROVED BY AUTHORIZED SIGNERS. CHECK REQUEST COPIES ARE RETAINED FOR RECORDKEEPING. 0 0 0 0 0 0 0 0 0 DR ANTHONY CLARKE SECRETARY 0 293369 0 0 0 0 0 0 0 25955 0 319324 0 0 ANGELA CARTER TREASURER 0 188949 0 0 0 0 0 0 0 83153 0 272102 0 0 X 16 1200 X 400 X 1393 X 4 153095 X MISCELLANEOUS 11 46028 X GOLF TOURNAMENT 3 9896 X FOOD/MEALS 13 8196 X EQUIPMENT 2 2099 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CHIEF FINANCIAL OFFICER. ALL BOARD MEMBERS ARE ADVISED THAT THE FORM 990 IS AVAILABLE FOR THEIR REVIEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND EMPLOYEES REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ANNUALLY. ALL RESPONSES ARE REVIEWED AND SIGNED BY THE CFO/TREASURER. 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. FORM 990, PART IX, LINE 11G OTHER CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 70,231. MANAGEMENT AND GENERAL EXPENSES 80,547. FUNDRAISING EXPENSES 31,382. TOTAL EXPENSES 182,160. GTCC FOUNDATION PROPERTIES LLC 601 E MAIN STREET JAMESTOWN NC 27282 REAL ESTATE NC 0 1800457 GUILLFORD TECHNICAL COMMUNITY COLLEGE GUILFORD TECHNICAL COMMUNITY COLLEGE 601 E MAIN STREET JAMESTOWN NC 27282 560792519 EDUCATION NC N/A 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 GUILFORD TECHNICAL COMMUNITY COLLEGE O 285541 ACTUAL