Asheville-buncombe Technical Community College Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Asheville-buncombe Technical Community College Foundation Inc is a 501(c)(3) organization based in Asheville, North Carolina, registered in 1997, with $1,985,844 in FY2022 revenue. CharityIndex grades it C+.
340 Victoria Rd, Asheville, NC, 28801 EIN 56-1993458 Since 1997
Revenue (FY2022)
$2.0M
▲ 0.4% vs prior year
Education median: $200K
Expenses (FY2022)
$1.8M
Net assets
$16.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Asheville-buncombe Technical Community College Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating109 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Asheville-buncombe Technical Community College Foundation Inc: 109 mo reserves · +11% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Asheville-buncombe Technical Community College Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Asheville-buncombe Technical Community College Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 340 Victoria Rd, Asheville, NC, 28801
- City
- Asheville
- State
- North Carolina
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue grew from $748K (FY2013) to $2.0M (FY2022) across 10 reported years.
Financial snapshot
Financial health & position (FY2022)
Liabilities $20KNet assets $16.0M
Operating margin
11.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$16.0M
Total liabilities
$20K
Net assets
$16.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2022 | $1,985,844▲0.4% | $1,758,870▲41.7% | $15,971,220▲6.1% | $15,990,740▲6.1% | 990 |
| 2021 | $1,977,639▲2.2% | $1,241,022▼0.9% | $15,047,582▼6.6% | $15,076,753▼6.9% | 990 |
| 2020 | $1,934,731▲72.7% | $1,252,239▼24.2% | $16,107,110▲18.2% | $16,190,574▲16.7% | 990 |
| 2019 | $1,120,459▼13.7% | $1,652,200▲9.2% | $13,623,819▼4.4% | $13,869,810▼2.7% | 990 |
| 2018 | $1,297,775▲2.4% | $1,513,512▲62.1% | $14,254,535▼1.6% | $14,259,913▼1.6% | 990 |
| 2017 | $1,267,366▲38.4% | $933,658▲10.3% | $14,486,136▲5.8% | $14,494,878▲5.8% | 990 |
| 2016 | $915,590▼23.2% | $846,374▼53.1% | $13,691,811▲4.5% | $13,702,488▲4.5% | 990 |
| 2015 | $1,192,275▲30.3% | $1,806,301▲87.5% | $13,099,215▼6.3% | $13,108,609▼6.4% | 990 |
| 2014 | $915,344▲22.4% | $963,435▲8.1% | $13,979,433▼0.3% | $13,997,520▼0.2% | 990 |
| 2013 | $747,617 | $891,406▼6.0% | $14,014,814▲83.5% | $14,024,526▲82.8% | 990 |
| 2011 | — | $948,305▲33.8% | $7,637,650▼0.5% | $7,673,896▼0.7% | 990 |
| 2010 | — | $708,977▼6.6% | $7,677,368▲13.9% | $7,730,240▲14.2% | 990 |
| 2009 | — | $758,875 | $6,742,086 | $6,771,129 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $953K total
25 grants to Asheville-buncombe Technical Community College Foundation Inc totaling $953K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Community Foundation of Western North Carolina Inc | Improving educational opportunities | 2024 | $115,873 |
| National Christian Charitable Foundation | Giving and generosity | 2024 | $40,000 |
| Foundation For the Carolinas | Charitable gift | 2024 | $20,000 |
| Fletcher Hospital Inc | General support | 2024 | $10,000 |
| American Online Giving Foundation Inc | General support | 2024 | $9,875 |
| American Endowment Foundation | Educational | 2024 | $7,000 |
| The Community Foundation of Western North Carolina Inc | Improving educational opportunities | 2023 | $131,148 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $22,100 |
| American Endowment Foundation | Educational | 2023 | $10,000 |
| American Online Giving Foundation Inc | General support | 2023 | $7,500 |
| The Community Foundation of Western North Carolina Inc | Improving educational opportunities | 2022 | $108,138 |
| AARP Foundation | Grant to support aarp foundation's workforce program | 2022 | $28,900 |
| Community Partners | Strengthen the network of higher education in prison programs by participating | 2022 | $20,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $17,200 |
| American Online Giving Foundation Inc | General support | 2022 | $10,000 |
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Frequently asked questions
- Is Asheville-buncombe Technical Community College Foundation Inc a legitimate nonprofit?
- Yes. Asheville-buncombe Technical Community College Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1993458, based in Asheville, North Carolina. Donations are tax-deductible.
- What is Asheville-buncombe Technical Community College Foundation Inc's EIN?
- Asheville-buncombe Technical Community College Foundation Inc's Employer Identification Number (EIN) is 56-1993458.
- How much revenue does Asheville-buncombe Technical Community College Foundation Inc report?
- Asheville-buncombe Technical Community College Foundation Inc reported $1,985,844 in total revenue on its fiscal year 2022 IRS Form 990 filing.
- What financial grade does Asheville-buncombe Technical Community College Foundation Inc have?
- CharityIndex grades Asheville-buncombe Technical Community College Foundation Inc C+, based on financial health (reserves and operating margin).
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Data for Asheville-buncombe Technical Community College Foundation Inc (EIN 56-1993458) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.