Form 990 for tax year 2022
Filed by RANDOLPH TECHNICAL COLLEGE FOUNDATION INC.
What the amendment changed
Compared with the return it replaced , filed 12 September 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
Both are the same on the two returns, so the amendment changed something else.
Totals
- Total revenue
- $1,349,084
- Total expenses
- $718,078
- Contributions and grants received
- $624,774
- Grants paid
- $463,736
- Program service revenue
- $0
- Investment income
- $724,310
- Other revenue
- $0
- Total assets, end of year
- $14,368,073
- Total liabilities, end of year
- $160
- Net assets or fund balances, end of year
- $14,367,913
- Program services expenses (Part IX)
- $581,926
- Management and general expenses
- $135,695
- Fundraising expenses
- $457
- Program service expenses (Part III)
- $581,926
Program services were 81.0% 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
$624,774
-
3 · Investment income
total $698,261 · unrelated business $0 · excluded $698,261
-
7a · Gross sales of assets other than inventory
securities $1,659,224 · other assets $4,001
-
7b · Less cost or other basis and sales expenses
securities $1,634,205 · other assets $2,971
-
7c · Gain or loss
securities $25,019 · other assets $1,030
-
7d · Net gain or loss
total $26,049 · related or exempt $0 · unrelated business $0 · excluded $26,049
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $463,736 · program services $463,736
-
11c · Fees: accounting
total $8,750 · program services $0 · management and general $8,750 · fundraising $0
-
11f · Fees: investment management
total $31,377 · program services $0 · management and general $31,377 · fundraising $0
-
13 · Office expenses
total $1,847 · program services $0 · management and general $1,847 · fundraising $0
-
19 · Conferences, conventions and meetings
total $3,374 · program services $0 · management and general $3,374 · fundraising $0
-
24a · Other expenses: Expenses See Part III (4b)
total $118,190 · program services $118,190 · management and general $0 · fundraising $0
-
24b · Other expenses: Software
total $12,948 · program services $0 · management and general $12,948 · fundraising $0
-
24c · Other expenses: Events
total $30,014 · program services $0 · management and general $30,014 · fundraising $0
-
24d · Other expenses: Designated Expenses
total $25,626 · program services $0 · management and general $25,626 · fundraising $0
-
24e · All other expenses
total $22,216 · program services $0 · management and general $21,759 · fundraising $457
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $976,847 · end of year $1,245,677
-
4 · Accounts receivable
beginning of year $227 · end of year $3,636
-
11 · Investments: publicly traded securities
beginning of year $12,578,112 · end of year $13,118,760
-
15 · Other assets
beginning of year $2,971 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,394 · end of year $160
-
27 · Net assets without donor restrictions
beginning of year $2,130,611 · end of year $2,231,643
-
28 · Net assets with donor restrictions
beginning of year $11,425,152 · end of year $12,136,270
Mission and programs · 2022
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, acquiring 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 $463,736 · Grants $463,736
-
Grants made to vendors to support RCC (emergency grants to students, Student Leadership Academy, employee appreciation), program support, and other college activities.
Expenses $118,190 · Grants $118,190
As filed on the 2022 return.
Listed in Part VII
-
Dr Cynthia Schroder
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Ann M Hoover
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
H Dean Sexton
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Vickie H Gallimore
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Justin Lee
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
James Gouty
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Rebecca Marshall
Secretary - Nonvoting
- Total calculated
- $0
- Hours/week
- 0
-
Baxter Hammer
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Mini Singh
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Neal Griffin III
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Mac Sherrill
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Shelley Greene
Board Member - Nonvoting
- Total calculated
- $0
- Hours/week
- 0
-
Nicki McKenzie Hill
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Elizabeth Aldridge
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Gail McDowell
President
- Total calculated
- $0
- Hours/week
- 1
-
Robert Graves
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Debi Lagueruerla
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Elbert Lassiter
Board Member
- 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.
Grants on this return
-
$375,486
Schol./support
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 4 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302789349300505
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