Civic Intelligence

Rockingham County Education Foundation

990 • Fiscal year 2022 • EIN 26-3081973

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

124 S Scales StreetReidsville, NC 27320

(336) 430-2617

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.02x

Higher debt load relative to assets than 62% of similar nonprofits.

2022 filings • NTEE B90 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

61st percentile

0.01x

Higher debt load relative to revenue than 61% of similar nonprofits.

2022 filings • NTEE B90 • <$500k nonprofits • Source year 2022

Net Margin

69th percentile

20%

Higher net margin than 69% of similar nonprofits.

2022 filings • NTEE B90 • <$500k nonprofits • Source year 2022

Top Officer Pay

89th percentile

$40,000

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 15.8% of source-year revenue.

2022 filings • NTEE B90 • <$500k nonprofits • Source year 2022

Asset Growth

75th percentile

33%

Faster asset growth than 75% of similar nonprofits.

2022 filings • NTEE B90 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

70th percentile

50%

Faster revenue growth than 70% of similar nonprofits.

2022 filings • NTEE B90 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$210,434

Up $52,169 (+33%) from 2021

Net Assets

Up

$207,180

Up $50,225 (+32%) from 2021

Liabilities

Up

$3,254

Up $1,944 (+148%) from 2021

Revenue

Up

$253,519

Up $84,305 (+50%) from 2021

Expenses

Up

$203,294

Up $75,522 (+59%) from 2021

Net Income

Up

$50,225

Up $8,783 (+21%) from 2021

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

2022

Assets$210,434
Liabilities$3,254
Net Assets$207,180

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

2022

Revenue$253,519
Expenses$203,294
Net Income$50,225
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.0
Gross Receipts
$253,519
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$156,829$137,154▼ $19,675
Pledges and Grants Receivable-$70,000-
Accounts Receivable-$2,078-
Savings and Temporary Cash Investments$1,310$1,202▼ $108
Land, Buildings, and Equipment, Net$126--
Total Assets$158,265$210,434▲ $52,169
Liabilities
Other Liabilities$1,310$3,254▲ $1,944
Total Liabilities$1,310$3,254▲ $1,944
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$102,293$148,820▲ $46,527
Net Assets With Donor Restrictions$54,662$58,360▲ $3,698
Total Net Assets Fund Balance$156,955$207,180▲ $50,225
Total Liabilities and Net Assets / Fund Balance$158,265$210,434▲ $52,169

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$4,900$4,900
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jenny EdwardsExecutive DiFT$40,000$40,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$253,488
Program Service Revenue
$0
Investment Income
$31
Other Revenue
$0
All Other Contributions
$253,488
Change in Net Assets
$50,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$142,074
Salaries, Compensation, and Employee Benefits$46,499
Other Expenses$14,721
Total Fundraising Expense$6,933
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$142,074--$142,074
Current Officers, Directors, Trustees, and Key Employees$27,000$9,000$4,000$40,000
Office Expenses$1,149$2,086$170$3,405
Other Salaries and Wages$3,231$117$52$3,400
Payroll Taxes$2,092$697$310$3,099
Insurance-$2,566-$2,566
Fees for Services Accounting-$2,244-$2,244
Other Expenses--$2,103$2,103
Occupancy$1,358$453$201$2,012
Fees for Services Other$566$429$84$1,079
Information Technology-$696-$696
Conferences and Meetings-$490-$490
Depreciation Depletion$85$28$13$126
Total Functional Expenses$177,555$18,806$6,933$203,294
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Principal Fund---$75,826
Trails for K12---$44,615
Advisors---$20,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Cards$2,052
CHILDREN'S SAVINGS ACCOUNTS$1,202
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The executive committee reviews the form 990 before being filed. The entire board of directors approve the form 990 at its regular scheduled board meeting.

Form 990, Page 6, Part VI, Line 12C

When potential conflicts of interest, or the appearance of such conflicts, arise, the foundation will manage such conflicts openly and appropriately. Since everyone on the board is living or working in the same geographical area, they are aware of any deviations.

Form 990, Page 6, Part VI, Line 15A

An employee evaluation is prepared by the chair and approved by the board of directors.

Form 990, Page 6, Part VI, Line 19

Documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Rockingham Co Education Foundation
EIN
26-3081973
Phone
3364302617
Address
124 S SCALES STREET, REIDSVILLE, NC 27320

Signing Officer

Name
Jenny Edwards
Title
Executive Director
Phone
3369375930
Signed
2023-05-15

Organization Details

Principal Officer
Jenny Edwards
Formed
2008
Voting Board Members
11
Independent Board Members
11
Employees
3

Preparer

Firm
Rouse Rouse Rouse & Gardner Llp
Address
439 W KINGS HWY, EDEN, NC 27288
Preparer
Judy G Rouse CPA
Phone
3366271323
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.

Form 990, Page 2, Part III, Line 4D

Rockaid provides grocery assistance to public school students-in-need and their families across rockingham county in order to help alleviate childhood hunger.

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IRS990/ProgSrvcAccomActy3Grp/Desc0THROUGH THE COLLEGE ADVISING PROGRAM THE SINGULAR FOCUS IS TO INCREASE SUCCESSFUL COLLEGE APPLICATION AND ATTENDANCE RATES AMONG THE STUDENTS.SUPPORT AND ASSISTANCE IS PROVIDED IN ALL FACETS OF THE COLLEGE ADDMISSIONS PROCESS, FROM CAMPUS VISITS TO SAT AND COLLEGE, SCHOLARSHIP AND FINANCIAL AID APPLICATIONS.
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IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0157664
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt075220
IRS990/PYInvestmentIncomeAmt072
IRS990/PYOtherExpensesAmt012627
IRS990/PYOtherRevenueAmt011478
IRS990/PYRevenuesLessExpensesAmt041442
IRS990/PYSalariesCompEmpBnftPaidAmt039925
IRS990/PYTotalExpensesAmt0127772
IRS990/PYTotalRevenueAmt0169214
IRS990/ReconcilationRevenueExpnssAmt050225
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01310
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01202
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0253488
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0157664
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt030949
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0114759
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0326361
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0883221
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt031
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt072
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0170
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0286
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0137
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0696
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt031
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt011550
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011581
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt031
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt072
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0170
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0286
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0137
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0696
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99920
IRS990ScheduleA/PublicSupportPY509Pct00.99880
IRS990ScheduleA/PublicSupportTotal509Amt0894802
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0253519
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0169214
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt030949
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0114759
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0326361
IRS990ScheduleA/Total509Grp/TotalAmt0894802
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0253550
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0169286
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt031119
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0115045
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0326498
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0895498
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04900
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt04900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02052
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11202
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CHILDREN'S SAVINGS ACCOUNTS
IRS990ScheduleD/TotalLiabilityAmt03254
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt044615
IRS990ScheduleI/RecipientTable/CashGrantAmt175826
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TRAILS FOR K12
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PRINCIPAL FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2ADVISORS
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ROCKAID PROVIDES GROCERY ASSISTANCE TO PUBLIC SCHOOL STUDENTS-IN-NEED AND THEIR FAMILIES ACROSS ROCKINGHAM COUNTY IN ORDER TO HELP ALLEVIATE CHILDHOOD HUNGER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE REVIEWS THE FORM 990 BEFORE BEING FILED. THE ENTIRE BOARD OF DIRECTORS APPROVE THE FORM 990 AT ITS REGULAR SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WHEN POTENTIAL CONFLICTS OF INTEREST, OR THE APPEARANCE OF SUCH CONFLICTS, ARISE, THE FOUNDATION WILL MANAGE SUCH CONFLICTS OPENLY AND APPROPRIATELY. SINCE EVERYONE ON THE BOARD IS LIVING OR WORKING IN THE SAME GEOGRAPHICAL AREA, THEY ARE AWARE OF ANY DEVIATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AN EMPLOYEE EVALUATION IS PREPARED BY THE CHAIR AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0158265
IRS990/TotalAssetsEOYAmt0210434
IRS990/TotalAssetsGrp/BOYAmt0158265
IRS990/TotalAssetsGrp/EOYAmt0210434
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0253488
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06933
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018806
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0177555
IRS990/TotalFunctionalExpensesGrp/TotalAmt0203294
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01310
IRS990/TotalLiabilitiesEOYAmt03254
IRS990/TotalLiabilitiesGrp/BOYAmt01310
IRS990/TotalLiabilitiesGrp/EOYAmt03254
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0156955
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0207180
IRS990/TotalOtherProgSrvcExpenseAmt05719
IRS990/TotalOtherProgSrvcGrantAmt01633
IRS990/TotalProgramServiceExpensesAmt0177555
IRS990/TotalReportableCompFromOrgAmt040000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt031
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0253519
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0158265
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0210434
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0124 SOUTH SCALES STREET
IRS990/USAddress/CityNm0REIDSVILLE
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027320
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JENNY EDWARDS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03369375930
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ROCKINGHAM CO EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0ROCK
ReturnHeader/Filer/EIN0263081973
ReturnHeader/Filer/PhoneNum03364302617
ReturnHeader/Filer/USAddress/AddressLine1Txt0124 S SCALES STREET

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