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Nonprofiteer
← ROCKINGHAM COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by ROCKINGHAM COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,621,152
Total expenses
$1,598,098
Contributions and grants received
$885,665
Grants paid
$1,330,771
Program service revenue
$0
Investment income
$735,487
Other revenue
$0
Total assets, end of year
$22,548,969
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$22,548,969
Program services expenses (Part IX)
$1,467,748
Management and general expenses
$120,414
Fundraising expenses
$9,936
Program service expenses (Part III)
$1,462,187

Program services were 91.8% 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.

  • 1c · Fundraising events

    $16,160

  • 1f · All other contributions, gifts and grants

    $869,505

  • 3 · Investment income

    total $504,548 · related or exempt $504,548

  • 7a · Gross sales of assets other than inventory

    other assets $236,313

  • 7b · Less cost or other basis and sales expenses

    other assets $5,374

  • 7c · Gain or loss

    other assets $230,939

  • 7d · Net gain or loss

    total $230,939

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,330,771 · program services $1,330,771

  • 11f · Fees: investment management

    total $86,056 · management and general $86,056

  • 12 · Advertising and promotion

    total $4,696 · management and general $4,696

  • 13 · Office expenses

    total $4,846 · management and general $4,846

  • 14 · Information technology

    total $4,706 · management and general $4,706

  • 23 · Insurance

    total $3,005 · management and general $3,005

  • 24a · Other expenses: Professional Services

    total $17,105 · management and general $17,105

  • 24b · Other expenses: Payroll Reimbursement

    total $123,903 · program services $123,903

  • 24c · Other expenses: Special Events

    total $17,449 · program services $7,513 · fundraising $9,936

  • 24d · Other expenses: Bank Fees

    total $5,561 · program services $5,561

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $888,870 · end of year $389,584

  • 4 · Accounts receivable

    beginning of year $4,510 · end of year $4,510

  • 11 · Investments: publicly traded securities

    beginning of year $19,736,792 · end of year $22,042,840

  • 15 · Other assets

    beginning of year $112,035 · end of year $112,035

  • 27 · Net assets without donor restrictions

    beginning of year $9,036,056 · end of year $9,516,665

  • 28 · Net assets with donor restrictions

    beginning of year $11,706,151 · end of year $13,032,304

Mission and programs · 2023

Mission

Assist and support Rockingham Community College in its efforts to enhance individual and community success through education, employment assistance, and business and industry and cultural development.

Activities or mission (Part I)

The Rockingham Community College Foundation exists to assist and support Rockingham Community College

  • Campus fund drive and annual giving campaign provide for faculty and staff grants, scholarships and other campus-wide initiatives.

    Expenses $1,462,187 · Grants $1,330,771 · Revenue $885,665

As filed on the 2023 return.

Listed in Part VII

  • CHARLES R WHARTON

    Director

    Total calculated
    $0

  • RHONDA M HOLLAND

    VP for Appropriations

    Total calculated
    $0

  • J PLEASANT MCMICHAEL

    First Vice President

    Total calculated
    $0

  • HOWARD K DUNCAN

    VP for Investments

    Total calculated
    $0

  • AMY S BROWN

    President

    Total calculated
    $0

  • MARY MARTIN

    Secretary

    Total calculated
    $0

  • MARK S BAKER

    Director

    Total calculated
    $0

  • ALAN R ISLEY

    VP for Resource Dev

    Total calculated
    $0

  • PATRICK K BERGER

    Director

    Total calculated
    $0

  • JONATHAN JOBE

    Director

    Total calculated
    $0

  • LAFAYETTE JUDKINS

    Director

    Total calculated
    $0

  • ANTHONY A NICHOLS

    Director

    Total calculated
    $0

  • RICHARD POWELL

    Treasurer

    Total calculated
    $0

  • MICKY SILVERS

    Director

    Total calculated
    $0

  • CHRISTINE F STRADER

    Director

    Total calculated
    $0

  • MARK O KINLAW

    RCC President

    Total calculated
    $0

  • RANDY JUDKINS

    RCC Board Chair

    Total calculated
    $0

  • BRANDON LEEBRICK

    Director

    Total calculated
    $0

  • STEPHANIE TRENT

    Director

    Total calculated
    $0

  • KIM PRYOR

    Retired Exec Director

    Total calculated
    $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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349319088

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