Form 990 for tax year 2023
Filed by ROANE STATE COMMUNITY COLLEGE FOUNDATION.
Totals
- Total revenue
- $5,586,034
- Total expenses
- $1,716,360
- Contributions and grants received
- $4,652,113
- Grants paid
- $409,248
- Program service revenue
- $0
- Investment income
- $924,931
- Other revenue
- $8,990
- Total assets, end of year
- $28,852,160
- Total liabilities, end of year
- $19,305
- Net assets or fund balances, end of year
- $28,832,855
- Program services expenses (Part IX)
- $1,392,059
- Management and general expenses
- $324,301
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,392,059
Program services were 81.1% 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
$14,375
-
1e · Government grants (contributions)
$138,000
-
1f · All other contributions, gifts and grants
$4,499,738
-
1g · Noncash contributions included above
$542,496
-
3 · Investment income
total $566,417 · excluded $566,417
-
7a · Gross sales of assets other than inventory
securities $20,789,265
-
7b · Less cost or other basis and sales expenses
securities $20,430,751
-
7c · Gain or loss
securities $358,514
-
7d · Net gain or loss
total $358,514 · related or exempt $358,514
-
8a · Fundraising events: gross income
$10,200
-
8a · Fundraising events: contributions included on line 1c
$14,375
-
8b · Fundraising events: direct expenses
$5,762
-
8c · Net income from fundraising events
total $4,438
-
11a · Other revenue: CHANGE IN VALUE OF SPA & CGA
total $3,829 · related or exempt $3,829
-
11b · Other revenue: MISCELLANEOUS INCOME
total $723 · related or exempt $723
-
11e · Other revenue, total
$4,552
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $409,248 · program services $409,248
-
24a · Other expenses: DONATED ITEMS TO COLLEGE
total $536,555 · program services $536,555
-
24b · Other expenses: CAMPUS PROJECTS & ACT
total $428,755 · program services $428,755
-
24c · Other expenses: MANAGEMENT & GENERAL
total $321,901 · management and general $321,901
-
24d · Other expenses: FACULTY & STAFF DEVELOP
total $17,501 · program services $17,501
-
24e · All other expenses
total $2,400 · management and general $2,400
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $1
-
2 · Savings and temporary cash investments
beginning of year $1,896,819 · end of year $2,976,790
-
3 · Pledges and grants receivable
beginning of year $339,461 · end of year $950,961
-
4 · Accounts receivable
end of year $2,452
-
10a · Land, buildings and equipment: cost or other basis
$540,300
-
10c · Land, buildings and equipment, net
beginning of year $540,300 · end of year $540,300
-
11 · Investments: publicly traded securities
beginning of year $19,948,280 · end of year $24,337,851
-
15 · Other assets
beginning of year $43,805 · end of year $43,805
-
17 · Accounts payable and accrued expenses
beginning of year $24,091
-
25 · Other liabilities
beginning of year $23,134 · end of year $19,305
-
27 · Net assets without donor restrictions
beginning of year $1,140,891 · end of year $1,012,473
-
28 · Net assets with donor restrictions
beginning of year $21,580,549 · end of year $27,820,382
Mission and programs · 2023
Mission
THE MISSION OF THE ROANE STATE FOUNDATION IS 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 THIS INSTITUTION BY SECURING FINANCIAL SUPPORT FOR EDUCATIONAL, CULTURAL, AND ECONOMIC DEVELOPMENT ACTIVITIES.
-
PROVIDE ROANE STATE COMMUNITY COLLEGE STUDENTS WITH SCHOLARSHIPS FOR THE 2023-2024 ACADEMIC YEAR.
Expenses $409,248 · Grants $409,248
-
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 $965,310
-
SUPPORTED ROANE STATE COLLEGE WITH PAYMENTS TO OR ON BEHALF OF THE COLLEGE TO PROVIDE FACULTY DEVELOPMENT AND AWARDS.
Expenses $17,501
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DR CHRIS WHALEY
RSCC PRESIDE
- Total calculated
- $243,730
- From this org
- $0
- From related orgs
- $243,730
- Other
- $0
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $243,730 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $243,730 related
-
SCOTT NIERMANN
EXECUTIVE DI
- Total calculated
- $92,409
- From this org
- $0
- From related orgs
- $92,409
- Other
- $0
- Hours/week
- 40
-
DR JULIAN AHLER
DIRECTOR
- Total calculated
- $0
-
PHIL ANDREWS
DIRECTOR
- Total calculated
- $0
-
MIKE BELBECK
DIRECTOR
- Total calculated
- $0
-
DAVID BRADSHAW
DIRECTOR
- Total calculated
- $0
-
KATY BROWN
DIRECTOR
- Total calculated
- $0
-
SUZANNE JONES CLAY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
JOY GOLDBERG
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
DR PHILIP HALL
DIRECTOR
- Total calculated
- $0
-
SEAN HENSLEY
DIRECTOR
- Total calculated
- $0
-
PAUL PHILLIPS JD
DIRECTOR
- Total calculated
- $0
-
BRYANT JOHNSON
DIRECTOR
- Total calculated
- $0
-
TED WAMPLER JR
DIRECTOR
- Total calculated
- $0
-
RHONDA LONGMIRE
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 0.5
-
OSCAR PERRON
DIRECTOR
- Total calculated
- $0
-
DANA PETERKA
DIRECTOR
- Total calculated
- $0
-
DR SHIRLEY RAINES
PARLIMENTARI
- Total calculated
- $0
- Hours/week
- 0.5
-
MARY ANN REEVES
DIRECTOR
- Total calculated
- $0
-
PATRICIA ROW
DIRECTOR
- Total calculated
- $0
-
BARRY STEPHENSON
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL SWAIN
HISTORIAN
- Total calculated
- $0
- Hours/week
- 0.5
-
JAMES WILSON
INVESTMENT C
- 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. 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
- 2023
- Filed
- 24 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541159349300019
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