Johnston Community College Foundation, Inc.

The Johnston Community College Foundation, Inc. is a nonprofit organization dedicated to supporting Johnston Community College in Smithfield, North Carolina. Established in 1982, it operates as an independent entity under the authority of the college's Board of Trustees.

Purpose and Mission

The foundation's mission is centered around building partnerships and amassing resources to enhance educational opportunities for students, faculty, and staff at Johnston Community College. It achieves this by coordinating private giving, managing gifts, bequests, and financial resources from both private and corporate sources. The foundation is steered by dedicated business, civic, and public leaders who serve voluntarily.

Structure and Governance

As a 501(c)(3) organization, the foundation is tax-exempt and governed by an independent board of directors. These directors, who serve without compensation, oversee the management of donations, investments, and grants. The foundation adheres to transparency and operational integrity, filing annual Form 990 reports with the U.S. Internal Revenue Service.

Initiatives and Impact

The foundation supports educational initiatives through various programs, including:

• Scholarships: Providing financial aid to students to pursue higher education.
• Innovation Grants: Encouraging innovative educational projects and programs.
• Institutional Support: Offering direct financial assistance to Johnston Community College for its operational needs and strategic priorities.
• Special Awards: Recognizing academic excellence and community service.

These efforts contribute significantly to fostering a thriving educational environment, supporting student success, and advancing the mission of Johnston Community College.

Financial Overview

In recent years, the foundation has maintained substantial financial assets, with contributions from donors being a significant source of revenue. For example, in fiscal year 2022, contributions accounted for approximately 72.6% of its total revenue, supplemented by investment income and sales of assets. The foundation ensures transparency by making its financial reports publicly available.

Recognition and Accountability

The Johnston Community College Foundation, Inc. has received a Four-Star rating from Charity Navigator, reflecting its strong financial health, accountability, and transparency. This recognition underscores its commitment to responsible management of resources and its dedication to enhancing educational opportunities at the college.