Form 990 for tax year 2024
Filed by RANDOLPH TECHNICAL COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $1,706,371
- Total expenses
- $891,615
- Contributions and grants received
- $425,269
- Grants paid
- $632,672
- Program service revenue
- $0
- Investment income
- $1,281,102
- Other revenue
- $0
- Total assets, end of year
- $17,102,967
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $17,102,967
- Program services expenses (Part IX)
- $632,672
- Management and general expenses
- $258,943
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $632,672
Program services were 71.0% 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.
-
1f · All other contributions, gifts and grants
$425,269
-
3 · Investment income
total $1,039,769 · excluded $1,039,769
-
7a · Gross sales of assets other than inventory
securities $4,348,390
-
7b · Less cost or other basis and sales expenses
securities $4,107,057
-
7c · Gain or loss
securities $241,333
-
7d · Net gain or loss
total $241,333 · excluded $241,333
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $632,672 · program services $632,672
-
11c · Fees: accounting
total $12,000 · management and general $12,000
-
11f · Fees: investment management
total $39,714 · management and general $39,714
-
12 · Advertising and promotion
total $16,500 · management and general $16,500
-
13 · Office expenses
total $1,101 · management and general $1,101
-
19 · Conferences, conventions and meetings
total $12,181 · management and general $12,181
-
24a · Other expenses: OTHER EXPENSE
total $129,502 · management and general $129,502
-
24b · Other expenses: SOFTWARE
total $18,976 · management and general $18,976
-
24c · Other expenses: DESIGNATED EXPENSES
total $15,220 · management and general $15,220
-
24d · Other expenses: EVENTS
total $13,749 · management and general $13,749
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $1,084,088 · end of year $1,537,689
-
4 · Accounts receivable
beginning of year $300,617 · end of year $5,460
-
9 · Prepaid expenses and deferred charges
beginning of year $11,453 · end of year $7,523
-
11 · Investments: publicly traded securities
beginning of year $14,605,319 · end of year $15,500,903
-
15 · Other assets
beginning of year $51,392 · end of year $51,392
-
17 · Accounts payable and accrued expenses
beginning of year $2,920 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $2,451,875 · end of year $2,756,765
-
28 · Net assets with donor restrictions
beginning of year $13,598,074 · end of year $14,346,202
Mission and programs · 2024
Mission
THE RANDOLPH COMMUNITY COLLEGE FOUNDATION IS A NON PROFIT ORGANIZATION THAT PROVIDES A MARGIN OF EXCELLENCE FOR RANDOLPH COMMUNITY COLLEGE BY BUILDING A STRONG RELATIONSHIP WITH THE LOCAL COMMUNITY, AQUIRING AND MANAGING CONTRIBUTIONS, AND FUNDING ACTIVITIES WHICH SUPPORT THE COLLEGE.
Activities or mission (Part I)
THE RANDOLPH COMMUNITY COLLEGE FOUNDATION IS A NON PROFIT ORGANIZATION THAT PROVIDES A MARGIN OF EXELLENCE FOR RANDOLPH COMMUNITY COLLEGE BY BUILDING A STRONG RELATIONSHIP WITH THE LOCAL COMMUNITY, AQUIRING AND MANAGING CONTRIBUTIONS, AND FUNDING ACTIVITIES WHICH SUPPORT THE COLLEGE.
-
GRANTS MADE DIRECTLY TO RCC FOR STUDENT SCHOLARSHIPS, PROGRAM SUPPORT, AND OTHER COLLEGE ACTIVITIES.
Expenses $618,803 · Grants $618,803
-
GRANTS MADE TO VENDORS TO SUPPORT RCC(EMERGENCY GRANTS TO STUDENTS, STUDENT LEADERSHIP ACADEMY, EMPLOYEE APPRECIATION), PROGRAM SUPPORT AND OTHER COLLEGE ACTIVITIES.
Expenses $13,869 · Grants $13,869
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
GAIL MCDOWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
VICKIE H GALLIMORE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD WELDON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
SHAH ARDALAN
EX OFFICIO BOARD MEMBER - NONVOTING
- Total calculated
- $0
- Hours/week
- 0.5
-
JAMES GOUTY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBERT GRAVES
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
NEAL GRIFFIN III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
BAXTER HAMMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
NICKI MCKENZIE HILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ANN HOOVER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
DEBI LAGUERUELA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
JUSTIN M LEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
REYNOLDS LISK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
DR CYNTHIA G SCHRODER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MINI SINGH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
DEAN SEXTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
REBECCA MARSHALL
SECRETARY - NONVOTING
- Total calculated
- $0
- Hours/week
- 0
-
JONATHAN BRUBAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
LINDA BROWN
EXECUTIVE DIRECTOR-NONVOTING
- Total calculated
- $0
- Hours/week
- 0
-
DALE LAMBERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
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
-
RANDOLPH COUNTY COMMUNITY COLLEGE
$562,672
SCHOLARSHIPS/SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543569349300909
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