LENOIR COMMUNITY COLLEGE FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

LENOIR COMMUNITY COLLEGE FOUNDATION INC

EIN 56-1055936 · Education (B41I)

What they do

SUPPORTS LENOIR COMMUNITY COLLEGE BY PROVIDING STUDENT SCHOLARSHIPS, STAFF DEVELOPMENT OPPORTUNITIES, and OTHER STUDENT SUPPORT SERVICES.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders25 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

66.55%of revenue went to mission work88.4% of expenses · Program services

3.40%of revenue went to fundraising4.5% of expenses

$75.26spent for every $100 of revenueRevenue covered expenses this year.

5.31%of revenue went to management and office costs7.0% of expenses

$14.25in assets for every $1 spent this yearSome assets cannot be spent right away.

48.0%of its money came from giftsOther money may come from services or investments.

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Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,419,489

Mission workProgram services$944,67566.55% of revenue88.4% of expenses

ManagementOffice and general costs$75,3085.31% of revenue7.0% of expenses

FundraisingAsking for donations$48,3333.40% of revenue4.5% of expenses

Revenue left after expensesReported annual surplus$351,17324.74% of revenueShown in gray on the chart

Total expenses$1,068,31675.26% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.4% mission · 7.0% management · 4.5% fundraisingTotal expenses: 75.26% of revenue

2023Expense mix: 81.6% mission · 1.3% management · 17.1% fundraisingTotal expenses: 63.80% of revenue

2022Expense mix: 88.3% mission · 4.9% management · 6.8% fundraisingTotal expenses: 97.97% of revenue

2021Expense mix: 65.2% mission · 7.7% management · 27.2% fundraisingTotal expenses: 51.46% of revenue

2020Expense mix: 71.4% mission · 7.3% management · 21.3% fundraisingTotal expenses: 44.33% of revenue

Money in and money out

Revenue$1,419,489

Expenses$1,068,316

Annual surplus $351,173 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$944,675 · 88.4% of expenses

Management and office costs$75,308 · 7.0% of expenses

Fundraising$48,333 · 4.5% of expenses

See all reported dollar amounts

Revenue$1,419,489

Expenses$1,068,316

Assets$15,223,646

Income$5,014,587

Contributions$681,993

Mission work (program services)$944,675

Fundraising$48,333

Grants given$2,036,680

Average grant$290,954

Management and general$75,308

Executive compensation (total)$68,693

Stocks and bonds$12,920,736

Accounting fees$9,400

Investing fees$40,094

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (25)

MR ERNIE EVERETTDIRECTOR

REP CHRIS HUMPHREYDIRECTOR

MRS JEANNE KENNEDYSECRETARY AND EXECUTIVE DIRECTOR

MRS DEBORAH SUTTONTREASURER

MR SKIP GREENEDIRECTOR

MR ROD SMITHDIRECTOR

MR RANDY SMITHDIRECTOR

MR PAUL SUGGDIRECTOR

MR KEN TETTERTONDIRECTOR

MR KEITH KINGDIRECTOR

MR JOHN MCPHAULDIRECTOR

MR JOHN MARSTONDIRECTOR

MR JAY CHERRYDIRECTOR

DR CRYSTAL HAYDENDIRECTOR

MR EDWARD CHISOLMDIRECTOR

MR DEXTER FLOYDDIRECTOR

MR DAVID EDWARDDIRECTOR

MR COREY FADERVICE CHAIRMAN

MR CHARLES TAYLORDIRECTOR

MR CALE GRADYCHAIRMAN

DR SHIRLEY DOVEDIRECTOR

DR RUSTY HUNTLCC PRESIDENT

DR ROBERT HOSEADIRECTOR

DR PAT MACNEILLDIRECTOR

DR LYNWOOD TURNERDIRECTOR

About this charity

Recognized since: January 1974
Location: 231 HWY 58 S, KINSTON, NC 28504-6836
County: Lenoir
In care of: JEANNE KENNEDY
Primary officer: JEANNE KENNEDY, EXECUTIVE DIRECTOR

How to reach them

Phone(252) 527-6223

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: SHARPE PATEL CPA
NTEE classification: Education (B41I)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes