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Nonprofiteer
← ROBESON COMMUNITY COLLEGE FOUNDATION INC

Form 990 for tax year 2022

Filed by ROBESON COMMUNITY COLLEGE FOUNDATION INC.

Totals

Total revenue
$1,045,411
Total expenses
$364,482
Contributions and grants received
$598,509
Grants paid
$0
Program service revenue
$0
Investment income
$263,392
Other revenue
$183,510
Total assets, end of year
$4,024,130
Total liabilities, end of year
$80,500
Net assets or fund balances, end of year
$3,943,630
Program services expenses (Part IX)
$318,146
Management and general expenses
$46,336
Fundraising expenses
$0
Program service expenses (Part III)
$318,146

Program services were 87.3% 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.

  • 1e · Government grants (contributions)

    $50,000

  • 1f · All other contributions, gifts and grants

    $548,509

  • 3 · Investment income

    total $263,392 · related or exempt $263,392

  • 11a · Other revenue: GOLF TOURNAMENT PROCEEDS

    total $113,216 · related or exempt $113,216

  • 11b · Other revenue: OTHER REVENUE

    total $70,294 · related or exempt $70,294

  • 11e · Other revenue, total

    $183,510

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: SCHOLARSHIPS

    total $227,313 · program services $227,313

  • 24b · Other expenses: GENERAL AND ADMINISTRATIV

    total $87,169 · program services $40,833 · management and general $46,336

  • 24c · Other expenses: OTHER OPERATING EXPENSES

    total $50,000 · program services $50,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $389,739 · end of year $748,412

  • 11 · Investments: publicly traded securities

    beginning of year $2,902,123 · end of year $3,275,718

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,161 · end of year $80,500

  • 27 · Net assets without donor restrictions

    beginning of year $978,160 · end of year $1,164,674

  • 28 · Net assets with donor restrictions

    beginning of year $2,284,541 · end of year $2,778,956

Mission and programs · 2022

Mission

PLEASE SEE PAGE 2

  • FOSTERING AND PROMOTING GROWTH, PROGRESS, AND GENERAL WELFARE OF ROBESON COUNTY COLLEGE BY PROVIDING SCHOLARSHIPS TO NEEDY STUDENTS

    Expenses $318,146

As filed on the 2022 return.

Listed in Part VII

  • Johnny Robertson

    CHAIR

    Total calculated
    $0

  • Suzanne Abbott

    BD MBR

    Total calculated
    $0

  • Twilla Allen

    BD MBR

    Total calculated
    $0

  • Gwendolyn Chavis

    BD MBR

    Total calculated
    $0

  • Betsy Cummings

    BD MBR

    Total calculated
    $0

  • Thad Davis

    BD MBR

    Total calculated
    $0

  • Jayne Huggins

    BD MBR

    Total calculated
    $0

  • Adrian Lowry

    BD MBR

    Total calculated
    $0

  • James C Lowery

    BD MBR

    Total calculated
    $0

  • Louis McIntyre

    BD MBR

    Total calculated
    $0

  • Bruce Mullis

    BD MBR

    Total calculated
    $0

  • Lucy B Simmons

    BD MBR

    Total calculated
    $0

  • Philip Stone

    BD BMR

    Total calculated
    $0

  • Wixie Stephens

    BD BMR

    Total calculated
    $0

  • Charles Townsend

    BD BMR

    Total calculated
    $0

  • Kimberly Woods

    BD BMR

    Total calculated
    $0

  • Heather J Seibles

    INTERIM ADV

    Total calculated
    $0
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202343059349300114

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