FOUNDATION OF WAYNE COMMUNITY COLLEGE

GOLDSBORO, NC, 275338002 (919) 739-7007 Est. 1986 EIN 56-1556512

990 - Public charity return 501(c)(3)

www.waynecc.edu/foundation

Mission

WE PROVIDE COMMUNITY SUPPORT AND PROMOTE THE EDUCATIONAL DEVELOPMENT OF WCC THROUGH SEVERAL INITIATIVES. THESE INCLUDE ESTABLISHING AN ENDOWMENT FUND, OFFERING FINANCIAL AID, RECOGNIZING OUTSTANDING STAFF, AND SPONSORING SEMINARS AND WORKSHOPS.

Financials

Total Revenue

$1,466,049

Total Expenses

$2,594,772

Net Assets

$12,835,261

21 volunteers

From latest filing (tax period ending 2025-06-30)

Financial Health

Operating Reserve

5.0 years Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 25.4%

Expenses ↑ 234.7%

Revenue Sources

Contributions 67.0% Investment 33.0%

Expense Breakdown

Program 93.8% Management 4.2% Fundraising 2.1%

Officers & Key Employees (22)

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Grants Received (54)

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Filing History (8 filings)

Year	Revenue	Expenses	Net Assets
2024 990 - Public charity return Jul 1, 2024 to Jun 30, 2025	$1,466,049 ↓	$2,594,772	$12,835,261
2023 990 - Public charity return Jul 1, 2023 to Jun 30, 2024	$1,964,292 ↓	$775,236	$13,068,827
2022 990 - Public charity return Jul 1, 2022 to Jun 30, 2023	$2,080,915 ↓	$1,294,003	$11,097,118
2021 990 - Public charity return Jul 1, 2021 to Jun 30, 2022	$3,126,979 ↑	$1,606,086	$9,505,252
2020 990 - Public charity return Jul 1, 2020 to Jun 30, 2021	$1,056,840 ↓	$744,348	$8,970,968
2019 990 - Public charity return Jul 1, 2019 to Jun 30, 2020	$1,219,932 ↑	$707,299	$7,177,313
2018 990 - Public charity return Jul 1, 2018 to Jun 30, 2019	$854,979 ↑	$565,001	$6,522,915
2017 990 - Public charity return Jul 1, 2017 to Jun 30, 2018	$122,105	$535,335	$6,227,487