Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1968.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
86 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
27 people listed on the 990.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Raises awareness and funds to support Wake Technical Community College's mission and goals.
Questions for Wake Technical Community College Foundation INC
Your first name shows with your question. Wake Technical Community College Foundation INC answers here, for everyone.
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Scholarships are monetary awards to students and may be earmarked to assist diploma, certificate, or associate degree students in any curriculum program or continuing education, and may be based on financial need or academic merit according to donor preference.
Fostering bright futures (FBF) program is a public-private partnership that addresses the overwhelming need for a comprehensive support structure to assist foster youths in making the transition from the wake county foster care system to independent young adulthood.
Tuition assistance program allows wake tech faculty and staff to stay current and pursue advanced degrees, career credentials, and professional development. Leadership development grants foster collaboration and encourage creative ideas. Employees must submit an application for pre-approval prior to the SEMESTER/TERM of enrollment.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $4.3M | $5.3M |
| InvestmentsLn 11–13 | $21.4M | $24.9M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $31.2M | $35.1M |
| LiabilitiesLn 26 | $110K | $54K |
| Net assetsLn 32 | $31.0M | $35.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $1.4M | $1.4M | ||
| Other salaries and wagesLn 7 | $505K | $350K | $155K | |
| Payroll taxesLn 10 | $3K | $3K | ||
| Accounting feesLn 11c | $25K | $25K | ||
| Investment management feesLn 11f | $79K | $79K | ||
| Other fees for servicesLn 11g | $35K | $34K | $262 | |
| Office expensesLn 13 | $3K | $494 | $3K | |
| TravelLn 17 | $83K | $78K | $6K | $54 |
| Other expenses (24a–d)Ln 24 | $1.9M | $1.6M | $177K | $45K |
| All other expensesLn 24e | $202K | $102K | $100K | |
| Total functional expensesLn 25 | $4.2M | $3.6M | $548K | $45K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $7.8M | $4.2M | $3.7M | $35.1M | 990 PDF |
| FY2024 | $5.5M | $3.1M | $2.4M | $31.0M | 990 PDF |
| FY2023 | $4.7M | $3.3M | $1.4M | $27.8M | 990 PDF |
| FY2022 | $5.7M | $2.8M | $2.9M | $24.8M | 990 PDF |
| FY2021 | $5.2M | $1.8M | $3.4M | $25.7M | 990 PDF |
| FY2020 | $4.6M | $2.1M | $2.4M | $20.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $7,844,748 revenue, 12 lines filed
Part VI · Governance 24 of 27 board members independent, 1 to look at
Part VIII · Statement of revenue $7,844,748 across 8 lines filed
Part IX · Statement of functional expenses $4,156,033 across 10 lines filed
Part X · Balance sheet $35,143,408 assets, 15 lines filed
Part XI · Reconciliation of net assets $35,089,677 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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