Civic Intelligence

Rockingham County Education Foundation

990 • Fiscal year 2014 • EIN 26-3081973

Jul 01, 2013 to Jun 30, 2014 • Filed on Aug 14, 2014

124 S Scales Street27320

(336) 937-5930

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

55th percentile

0.01x

Higher debt load relative to assets than 55% of similar nonprofits.

2014 filings • NTEE B90 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

0.04x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • NTEE B90 • <$500k nonprofits • Source year 2014

Net Margin

7th percentile

-76%

Higher net margin than 7% of similar nonprofits.

2014 filings • NTEE B90 • <$500k nonprofits • Source year 2014

Top Officer Pay

93rd percentile

$49,515

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 89.4% of source-year revenue.

2014 filings • NTEE B90 • <$500k nonprofits • Source year 2014

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Assets

$211,639

No earlier filing loaded for comparison.

Net Assets

$209,519

No earlier filing loaded for comparison.

Liabilities

$2,120

No earlier filing loaded for comparison.

Revenue

$55,372

No earlier filing loaded for comparison.

Expenses

$97,215

No earlier filing loaded for comparison.

Net Income

-$41,843

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2014: $211,639Liabilities 2014: $2,120Net Assets 2014: $209,5192014Assets 2016: $228,676Liabilities 2016: $3,036Net Assets 2016: $225,6402016Assets 2018: $357,238Liabilities 2018: $8,854Net Assets 2018: $348,3842018Assets 2019: $248,660Liabilities 2019: $8,376Net Assets 2019: $240,2842019Assets 2020: $121,839Liabilities 2020: $6,330Net Assets 2020: $115,5092020Assets 2021: $158,265Liabilities 2021: $1,310Net Assets 2021: $156,9552021Assets 2022: $210,434Liabilities 2022: $3,254Net Assets 2022: $207,1802022Assets 2023: $238,446Liabilities 2023: $707Net Assets 2023: $237,7392023Assets 2024: $145,620Liabilities 2024: $1,777Net Assets 2024: $143,8432024Assets 2025: $68,743Net Assets 2025: $68,7432025

Highlighted filing

2014

Assets$211,639
Liabilities$2,120
Net Assets$209,519

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2014: $55,372Expenses 2014: $97,215Net Income 2014: -$41,8432014Revenue 2016: $96,884Expenses 2016: $135,646Net Income 2016: -$38,7622016Revenue 2018: $364,315Expenses 2018: $190,025Net Income 2018: $174,2902018Revenue 2019: $152,496Expenses 2019: $260,596Net Income 2019: -$108,1002019Revenue 2020: $31,119Expenses 2020: $155,894Net Income 2020: -$124,7752020Revenue 2021: $169,214Expenses 2021: $127,772Net Income 2021: $41,4422021Revenue 2022: $253,519Expenses 2022: $203,294Net Income 2022: $50,2252022Revenue 2023: $181,190Expenses 2023: $150,631Net Income 2023: $30,5592023Revenue 2024: $145,153Expenses 2024: $239,051Net Income 2024: -$93,8982024Revenue 2025: $102,754Expenses 2025: $108,311Net Income 2025: -$5,5572025

Highlighted filing

2014

Revenue$55,372
Expenses$97,215
Net Income-$41,843
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Aug 14, 2014
Return Version
2013v3.1
Gross Receipts
$60,048
Mission and Program Overview

Mission

The mission of rcef is to provide leadership, advocacy and program resources to increase the education levels of rockingham county citizens. By doing so, we will make our community an attractive place to live, work and do business.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,519$159,092▲ $62,573
Pledges and Grants Receivable-$50,125-
Land, Buildings, and Equipment, Net$1,374$2,422▲ $1,048
Total Assets$97,893$211,639▲ $113,746
Liabilities
Accounts Payable and Accrued Expenses$1,456$2,120▲ $664
Total Liabilities$1,456$2,120▲ $664
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$130,250-
Unrestricted Net Assets$96,437$79,269▼ $17,168
Total Net Assets Fund Balance$96,437$209,519▲ $113,082
Total Liabilities and Net Assets / Fund Balance$97,893$211,639▲ $113,746

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,422$554-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Marilyn PayneExecutive DirectorFT$49,515$49,515

Board Members and Trustees

NameTitle
Jim BurnetteChair
Lee NiegelskyPast Chair
Skip BalsleyVice-Chair
Andrew CanadyBoard Member
Ann WillisBoard Member
Del BootheBoard Member
Dr Michael S HelmickBoard Member
Dr Rodney ShotwellBoard Member
Graham PervierBoard Member
Heather AdamsBoard Member
Judge Ed WilsonBoard Member
Marguerite HoltBoard Member
Wayne TuggleBoard Member
Leon GentrySecretary
Carol KastenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$43,617
Program Service Revenue
$0
Investment Income
$158
Other Revenue
$11,597
All Other Contributions
$43,617
Change in Net Assets
$-41,843

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,372
Total Revenue per Audited Statements
$55,372
Total Revenue per Form 990
$55,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$61,915
Grants and Similar Amounts Paid$21,408
Total Fundraising Expense$15,461
Other Expenses$13,892
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$20,301$19,311$9,903$49,515
Grants to Domestic Orgs$21,408--$21,408
Other Employee Benefits$3,553$3,380$1,733$8,666
Payroll Taxes$1,531$1,456$747$3,734
Fees for Services Accounting$0$3,128$0$3,128
Fees for Services Management$250$0$2,000$2,250
Travel$866$289$649$1,804
Other Expenses$913$304$304$1,521
Advertising$1,485$0$0$1,485
Occupancy$0$1,167$0$1,167
Conferences and Meetings$65$859$0$924
Office Expenses$0$433$75$508
Depreciation Depletion$0$482$0$482
Total Functional Expenses$50,372$31,382$15,461$97,215

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$97,215
Total Expenses per Audited Statements$97,215
Total Expenses per Form 990$97,215
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
56-1677831--Communities in Schools Pilot Project$18,333
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$16,262
Fundraising Direct Expenses$4,676
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$16,262$16,262$696$15,566
Total Events$16,262$16,262$4,677$11,585
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
26-3081973
Phone
3369375930

Signing Officer

Name
Carol R Kasten
Title
Treasurer
Phone
3369375930
Signed
2014-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Burnette
Formed
2008
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
15
Employees
1
Volunteers
15

Preparer

Preparer
R Rex Rouse Jr
Phone
3366271323
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

The Board of Directors reviewed the Form 990 at its regular board meeting

Pt VI, Line 11B

prior to filing the document with the IRS

Pt VI, Line 12C

The Board of Directors complies with the policy and is fully

Pt VI, Line 12C

aware of any deviations since everyone on the Board is

Pt VI, Line 12C

living or working in the same geographical area.

Pt VI, Line 15B

An employee evaluation is prepared by the Chair and approved by the Board of Directors.

Pt XI

Line 9 The RCEF changed from the cash basis of reporting

Pt XI

to the accrual method effective June 30, 2014. The other

Pt XI

changes in net assets adjustment is recording promises

Pt XI

to give at June 30, 2013 in the amount of 154,925.

Form 990EZ, Part I, Line 16

Advertising expenses supplies telephone travel and meetings rc partnership for children

Form 990EZ, Part II, Line 24

LAPTOP AND PRINTER 1374.

Form 990EZ, Part II, Line 26

Accounts payable and accrued expenses 1456.

Form 990, Part III, Line 4D

Teacher appreciation 1919. 0. 0.

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IRS990/Desc0COMMUNITIES IN SCHOOL PILOT PROJECT RCEF ASSERTS THAT COMMUNITY INVOLVEMENT IN THE EDUCATION OF THE STUDENTS PROVIDES MAXIMUM OPPORTUNITY FOR THEIR ACADEMIC ACHIEVEMENT AND WORKFORCE PREPAREDNESS, AND IN TURN, FOR COMMUNITY ECONOMIC ADVANCEMENT. THE CIS PROGRAM, ALONG WITH THE EARLY CHILDHOOD LITERACY AND POST-SECONDARY EDUCATION ADVISING PROGRAMS, PROVIDES WRAP AROUND SUPPORT FOR THE UNDERSSERVED STUDENTS MOST AT-RISK OF ACADEMIC UNDER-ACHIEVEMENT OR FAILURE. THE CIS MODEL INCLUDES ADULT TO STUDENT MENTORING, PEER TO PEER AND ADULT TUTORING, SOCIAL SERVICES SUPPORT, AND PARENTAL EDUCATION AND SUPPORT. MAJOR EMPHASES INCLUDE FOCUS ON SUCCESSFUL LIFE DECISION-MAKING, FINANCIAL EDUCATION, AND POST-SECONDARY EDUCATION AND CAREER PATHS. SUMMER PROGRAMMING PROVIDES ACADEMICS FOR HIGHER ACHIEVEMENT AND SUMMER BRIDGE FOR RISING HIGH SCHOOL FRESHMEN.
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IRS990/OfficeExpensesGrp/FundraisingAmt075
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0154925
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01733
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03380
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03553
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08666
IRS990/OtherExpensesGrp/Desc0Dues
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IRS990/PayrollTaxesGrp/FundraisingAmt0747
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IRS990/PayrollTaxesGrp/TotalAmt03734
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt050125
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JIM BURNETTE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0EARLY CHILDHOOD STRIVE STRIVE IS A COLLABORATION OF EARLY CHILDHOOD EDUCATORS, ORGANIZATIONS AND PARENTS FOCUSED ON ACHIEVING TWO GOALS, INCREASING LEARNING PREPAREDNESS OF ROCKINGHAM COUNTY CHILDREN ENTERING KINDERGARTEN; AND TO INCREASE THE RATE OF ROCKINGHAM COUNTY CHILDREN WHO SUCCESSFULLY READ AT OR ABOVE RECOMMENDED STANDARDS AT THE END OF THIRD GRADE.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt09054
IRS990/ProgSrvcAccomActy3Grp/Desc0CAROLINA COLLEGE ADVISING CORPS WORKING WITH UNC'S CAROLINA COLLEGE ADVISING CORPS, RCEF PROVIDES FOUR COLLEGE ADVISORS, ONE FOR EACH ROCKINGHAM COUNTY HIGH SCHOOL. THEIR SINGULAR FOCUS IS TO INCREASE SUCCESSFUL COLLEGE APPLICATION AND ATTENDANCE RATES AMONG THE STUDENTS. THEY PROVIDE SUPPORT AND ASSISTANCE IN ALL FACETS OF THE COLLEGE ADMISSIONS PROCESS, FROM CAMPUS VISITS, TO SAT AND COLLEGE SCHOLARSHIP AND FINANCIAL AID APPLICATIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt04499
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Teacher Appreciation Organization donated $50 per school in Rockingham Organization donated $50 per school in Rockingham
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01919
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt082224
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IRS990ScheduleA/InvestmentIncomeCYPct00.00190
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0554
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IRS990ScheduleD/ExpensesSubtotalAmt097215
IRS990ScheduleD/RevenueSubtotalAmt055372
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02422
IRS990ScheduleD/TotalExpensesPerForm990Amt097215
IRS990ScheduleD/TotalRevenuePerForm990Amt055372
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt016262
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt016262
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IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0Gala
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IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt018333
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Communities in Schools Pilot Project
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Communities in Schools
IRS990ScheduleI/RecipientTable/RecipientEIN0561677831
IRS990ScheduleI/RecipientTable/USAddress/AddressLine10222 North Person Street
IRS990ScheduleI/RecipientTable/USAddress/City0Raleigh

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