COLLEGE OF THE ALBEMARLE FOUNDATION INC

Address
PO BOX 2327
ELIZABETH CTY, NC 27906-2327
Contact
Phone: +1 (252) 335-0821
Nonprofit
NTEE: B11 - Single Organization Support
EIN: 58-1399254

Mission

SUPPORT PROGRAMS OF THE COLLEGE OF THE ALBEMARLE
 20162015201420132012
Basic features of the organization
Year of formation1980
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Number of employees    0
Personnel
Aldridge, Jeffrey
Name of key/compensated person    JEFFREY ALDRIDGE
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Atkinson, Steve
Name of key/compensated person    STEVE ATKINSON
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Biggs, Bruce
Name of key/compensated person    BRUCE BIGGS
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Bosomworth, Phyllis
Name of key/compensated person    PHYLLIS BOSOMWORTH
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Burke, Travis
Name of key/compensated person    TRAVIS BURKE
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Deitemyer, Kandi
Name of key/compensated person    KANDI DEITEMYER
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $37,363.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $156,000.00
Dixon, Jeff
Name of key/compensated person    JEFF DIXON
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Etheridge, Oliver
Name of key/compensated person    OLIVER S ETHERIDGE
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Foster, Charles
Name of key/compensated person    CHARLES L FOSTER
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Gallop, Diana
Name of key/compensated person    DIANA GALLOP
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Gardner, Douglas
Name of key/compensated person    DOUGLAS S GARDNER
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Gesler, Albert
Name of key/compensated person    ALBERT GESLER
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Harrell, James
Name of key/compensated person    JAMES PAT HARRELL
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Irvin, A
Name of key/compensated person    A VANN IRVIN
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Owens, William
Name of key/compensated person    WILLIAM OWENS
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Roebuck, J
Name of key/compensated person    J SAMUEL ROEBUCK
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Sugg, H
Name of key/compensated person    H TAYLOR SUGG
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Watson, James
Name of key/compensated person    JAMES M WATSON
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
White, Elouise
Name of key/compensated person    ELOUISE WHITE
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Willey, J
Name of key/compensated person    J FLETCHER WILLEY
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Wood, Winifred
Name of key/compensated person    WINIFRED WOOD
Position of compensated person
Current individual trustee or director    True
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Corresponding comp from related orgs
Reportable compensation from related orgs     $0.00
Purpose: mission, activities, & accomplishments
Mission or significant activities    SUPPORT PROGRAMS OF THE COLLEGE OF THE ALBEMARLE
Program service expenses, total    $377,478.00
Programs, including revenue & expenses
FUNDS EXPENDED FOR OR GIVEN TO THE COLLEGE OF THE ALBEMARLE FOR PROGRAM SUPPORT, STAFF DEVELOPMENT, COLLEGE DEVELOPMENT, EQUIPMENT AND BOOKS.
Program expenses    $99,538.00
Grants and allocations made    $99,538.00
Program description    FUNDS EXPENDED FOR OR GIVEN TO THE COLLEGE OF THE ALBEMARLE FOR PROGRAM SUPPORT, STAFF DEVELOPMENT, COLLEGE DEVELOPMENT, EQUIPMENT AND BOOKS.
FUNDS PROVIDED TO THE COLLEGE OF THE ALBEMARLE TO AWARD SCHOLARSHIPS TO STUDENTS
Program expenses    $154,721.00
Grants and allocations made    $154,721.00
Program description    FUNDS PROVIDED TO THE COLLEGE OF THE ALBEMARLE TO AWARD SCHOLARSHIPS TO STUDENTS
Financial data
Revenue
Total revenue    $581,363.00
Revenue from contributions (total)$529,765.00$525,553.00$541,392.00$604,531.00$371,516.00
Investment income, current yr    $108,413.00
Total revenue from grants, etc., current yr    $371,516.00
Total unrelated business revenue    $0.00
Other revenue, current yr    $82,435.00
Program service revenue (total)$381.00$8,187.00$365.00$11,715.00$18,999.00
Gross receipts    $2,142,756.00
Sources of contributions
Revenue from all other contributions    $371,516.00
Other types of revenue
Miscellaneous revenue (total)    $82,435.00
Income from dividends, interest, and similar investments    $188,009.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all    $505,852.00
Total functional expenses: program service     $377,478.00
Total functional expenses: management and general    $128,374.00
Total functional expenses: fundraising    $0.00
Fees for services
Legal fees (total)    $4,252.00
Fundraising service fees (total)    $0.00
Assets and liabilities
Total assets$8,826,577.00$9,014,832.00$8,816,046.00$8,624,200.00$8,078,145.00
Total assets, beginning of year    $8,069,309.00
Total liabilities$113,946.00$175,754.00$212,350.00$310,985.00$385,303.00
Total liabilities, beginning of year    $467,737.00
Pledges & accounts receivable, net    $74,957.00
Net assets    $7,692,842.00
Net assets, beginning of year    $7,601,572.00
Other liabilities    $385,303.00
Other assets    $658,173.00
Investments: publicly traded securities    $5,767,637.00
Cash: non-interest bearing    $200.00
Cash: non-interest bearing, beginning of year    $200.00
Other financial variables
Revenue less expenses    $75,511.00
Savings & temp cash investment    $508,578.00
Total net assets or fund balances    $7,692,842.00
Governance and accountability
Number of voting members    18
Number of independent voting members    17
Financial sheets audited    True
Accrual accounting    True
Tax year start date    2011-07-01
Tax year end date2016-06-012015-06-012014-06-012013-06-012012-06-01
Indicators for schedules (selected)
Grants to domestic org/gov't >$5k    True
Metadata about the filing
E-return type: 990, 990EZ, or 990PF    990
Date e-filing submitted    2012-11-08
IRS schema version    2011v1.2
Filing identifier    201203049349300335
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