← ROANE STATE COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by ROANE STATE COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue: $6,874,358
Total expenses: $2,054,085
Contributions and grants received: $4,628,549
Grants paid: $531,047
Program service revenue: $0
Investment income: $2,244,186
Other revenue: $1,623
Total assets, end of year: $34,395,570
Total liabilities, end of year: $22,441
Net assets or fund balances, end of year: $34,373,129
Program services expenses (Part IX): $1,700,224
Management and general expenses: $353,861
Fundraising expenses: $0
Program service expenses (Part III): $1,700,224

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$28,395
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$4,600,154
1g · Noncash contributions included above

$610,834
3 · Investment income

total $706,746 · related or exempt $0 · unrelated business $0 · excluded $706,746
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $12,353,878 · other assets $0
7b · Less cost or other basis and sales expenses

securities $10,816,438 · other assets $0
7c · Gain or loss

securities $1,537,440 · other assets $0
7d · Net gain or loss

total $1,537,440 · related or exempt $1,537,440 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$6,501
8a · Fundraising events: contributions included on line 1c

$28,395
8b · Fundraising events: direct expenses

$1,741
8c · Net income from fundraising events

total $4,760 · unrelated business $4,760 · excluded $0
11a · Other revenue: CHANGE IN VALUE OF CGA

total -$3,137 · related or exempt -$3,137 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

-$3,137

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $531,047 · program services $531,047
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $0 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $0 · program services $0 · management and general $0 · fundraising $0
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $0 · program services $0 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $0 · program services $0 · management and general $0 · fundraising $0
14 · Information technology

total $0 · program services $0 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $0 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $0 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $0 · program services $0 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $0 · program services $0 · management and general $0 · fundraising $0
23 · Insurance

total $0 · program services $0 · management and general $0 · fundraising $0
24a · Other expenses: DONATED ITEMS TO COLLEGE

total $561,934 · program services $561,934 · management and general $0 · fundraising $0
24b · Other expenses: CAMPUS PROJECTS & ACTIVITIES

total $603,885 · program services $603,885 · management and general $0 · fundraising $0
24c · Other expenses: MANAGEMENT & GENERAL EXPENSES

total $351,461 · program services $0 · management and general $351,461 · fundraising $0
24d · Other expenses: FACULTY & STAFF DEVELOPMENT

total $3,358 · program services $3,358 · management and general $0 · fundraising $0
24e · All other expenses

total $2,400 · program services $0 · management and general $2,400 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1 · end of year $0
2 · Savings and temporary cash investments

beginning of year $2,976,790 · end of year $3,719,199
3 · Pledges and grants receivable

beginning of year $950,961 · end of year $2,410,131
4 · Accounts receivable

beginning of year $2,452 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$540,300
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $540,300 · end of year $540,300
11 · Investments: publicly traded securities

beginning of year $24,337,851 · end of year $27,682,135
12 · Investments: other securities

beginning of year $0 · end of year $0
13 · Investments: program-related

beginning of year $0 · end of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $43,805 · end of year $43,805
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $19,305 · end of year $22,441
27 · Net assets without donor restrictions

beginning of year $1,012,473 · end of year $689,508
28 · Net assets with donor restrictions

beginning of year $27,820,382 · end of year $33,683,621

Mission and programs · 2024

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO MAINTAIN AND ENHANCE THE QUALITY OF LIFE, INCLUDING ECONOMIC DEVELOPMENT, IN ROANE STATE'S SERVICE AREA BY DEVELOPING FRIENDS AND RAISING FUNDS FOR THE SUPPORT OF EDUCATIONAL, CULTURAL AND SERVICE GOALS OF ROANE STATE COMMUNITY COLLEGE. THE FOUNDATION ASSISTS THE ENTIRE COLLEGE FAMILY IN PROMOTING EXCELLENCE FOR THE INSTITUTION BY SECURING FINANCIAL SUPPORT FOR EDUCATIONAL, CULTURAL, AND ECONOMIC DEVELOPMENT ACTIVITIES.

PROVIDE ROANE STATE COMMUNITY COLLEGE STUDENTS WITH SCHOLARSHIPS FOR THE 2024-2025 ACADEMIC YEAR.

Expenses $531,047 · Grants $531,047
SUPPORTED ROANE STATE COLLEGE WITH PAYMENT TO OR ON BEHALF OF THE COLLEGE IN SUPPORT OF CAMPUS PROJECTS AND ACTIVITIES TO BENEFIT STUDENTS, INCLUDING TRANSFER OF IN-KIND GIFTS.

Expenses $1,165,819
SUPPORTED ROANE STATE COLLEGE WITH PAYMENTS TO OR ON BEHALF OF THE COLLEGE TO PROVIDE FACULTY DEVELOPMENT AND AWARDS.

Expenses $3,358

As filed on the 2024 return.

Listed in Part VII

Dr Chris Whaley

RSCC President

Total calculated

$253,540

From this org

$0

From related orgs

$253,540

Other

$0

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $253,340 related

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$0

Filer's total

$0 + $253,340 related
Scott Niermann

Executive Director

Total calculated

$88,588

From this org

$0

From related orgs

$88,588

Other

$0

Hours/week

40
James Frank Wilson

Chairman

Total calculated

$0

Hours/week

0.5
Sean Hensley

Vice Chairman

Total calculated

$0

Hours/week

0.5
Joy Goldberg

Secretary

Total calculated

$0

Hours/week

0.5
Suzzane Jones Clay

Treasurer

Total calculated

$0

Hours/week

1
Dr Shirley Raines

Parlimentarian

Total calculated

$0

Hours/week

0.5
Phil Andrews

Director

Total calculated

$0

Hours/week

0
Mike Baker

Director

Total calculated

$0

Hours/week

0
Mike Belbeck

Director

Total calculated

$0

Hours/week

0
David Bradshaw

Investment Committee Chair

Total calculated

$0

Hours/week

0.5
Katy Brown

Director

Total calculated

$0

Hours/week

0
Igrid Rosario Gregory

Director

Total calculated

$0

Hours/week

0
Bryant Johnson

Director

Total calculated

$0

Hours/week

0
Rhonda Longmire

Director

Total calculated

$0

Hours/week

0
Oscar Perron

Director

Total calculated

$0

Hours/week

0
Dana Peterka

Director

Total calculated

$0

Hours/week

0
Paul Phillips JD

Director

Total calculated

$0

Hours/week

0
Mary Ann Reeves

Director

Total calculated

$0

Hours/week

0
Patricia Row

Director

Total calculated

$0

Hours/week

0
Barry Stephenson

Director

Total calculated

$0

Hours/week

0
Michael Swain

Historian

Total calculated

$0

Hours/week

0.5
Ted Wampler JR

Director

Total calculated

$0

Hours/week

0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

ROANE STATE COMMUNITY COLLEGE

115 · HIGHER ED · TN

Provenance

Return type: form_990
Tax year: 2024
Filed: 12 November 2025
IRS schema version: 2024v5.0
Source object: 202523169349308492

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