CENTRAL CAROLINA TECHNICAL COLLEGE FOUNDATION INC
Mission Statement
The Central Carolina Technical College Foundation, Inc. was created to support the development and growth of quality programs for all area residents who can benefit from them. The Foundation was also designed to assist in the delivery of a comprehensive public relations program and to encourage partnerships among all levels of education as well as businesses and industries. Such support and assistance may include, but is not limited to, financial support of capital improvements, scholarships, grants, prizes, stipends, loans and other forms of aid to students and/or college personnel toward goal attainment and professional advancement. The Foundation is operated exclusively for charitable educational purposes within the meaning of Section 501 (c) 3 of the Internal Revenue Code of 1954. This Foundation is governed by a Board of Trustees separate from the Area Commission for Central Carolina Technical College and is dedicated to expanding the goals and mission of the College.
Financial Overview — FY 2024
Compared with Peers
FY 2025| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.1% | 89.6% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
19.6% | 7.5% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
3.3% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
11.2% | 1.3% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
115.0 mo | 9.1 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
1.9% | 0.1% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
57.5% | 87.8% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
11.7% | 6.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
27.8% | 7.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
31.9% | 3.1% |
P10P90
|
CharityAI™ Evaluation — 2025
61 / 100Impact
2 programs| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| 74 students received scholarships to continue their education. | 74 | $964.86 | — | Per Year |
| 19 students received scholarships to continue their education | 19 | $700.00 | — | Per Year |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $394K | $268K | $2.6M | 77.1% | 0 |
| 2023 | $353K | $210K | $2.3M | 54.1% | 0 |
| 2022 | $579K | $254K | N/A | — | 0 |
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