Civic Intelligence

7 Degrees of Change Foundation Inc

EIN 27-0248502 • 501(c)3 • High Point, NC

Profile

To build on our successes in the areas of education and literacy

1112 Rockford RoadHigh Point, NC 27262

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

50th percentile

0.06x

Higher debt load relative to assets than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

94th percentile

2.61x

Higher debt load relative to revenue than 94% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-536%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

15th percentile

-10%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$3,445,236

Down $397,443 (-10%) from 2023

Liabilities

Up

$218,209

Up $41,786 (+24%) from 2023

Net Assets

Down

$3,227,027

Down $439,229 (-12%) from 2023

Revenue

Down

$83,630

Down $104,680 (-56%) from 2023

Expenses

Down

$532,016

Down $259,797 (-33%) from 2023

Net Income

Up

-$448,386

Up $155,117 (+26%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2014: $237,559Liabilities 2014: $241,221Net Assets 2014: -$3,6622014Assets 2015: $396,179Liabilities 2015: $178,586Net Assets 2015: $217,5932015Assets 2016: $380,266Liabilities 2016: $253,059Net Assets 2016: $127,2072016Assets 2017: $419,371Liabilities 2017: $170,498Net Assets 2017: $248,8732017Assets 2019: $371,754Liabilities 2019: $69,740Net Assets 2019: $302,0142019Assets 2021: $1,118,720Liabilities 2021: $351,734Net Assets 2021: $766,9862021Assets 2022: $4,495,690Liabilities 2022: $222,502Net Assets 2022: $4,273,1882022Assets 2023: $3,842,679Liabilities 2023: $176,423Net Assets 2023: $3,666,2562023Assets 2024: $3,445,236Liabilities 2024: $218,209Net Assets 2024: $3,227,0272024

Highlighted filing

2024

Assets$3,445,236
Liabilities$218,209
Net Assets$3,227,027

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $627,171Expenses 2014: $630,833Net Income 2014: -$3,6622014Revenue 2015: $1,147,679Expenses 2015: $926,424Net Income 2015: $221,2552015Revenue 2016: $1,532,503Expenses 2016: $1,622,889Net Income 2016: -$90,3862016Revenue 2017: $1,758,457Expenses 2017: $1,636,791Net Income 2017: $121,6662017Revenue 2019: $1,335,938Expenses 2019: $1,357,304Net Income 2019: -$21,3662019Revenue 2021: $1,781,088Expenses 2021: $1,437,147Net Income 2021: $343,9412021Revenue 2022: $4,668,531Expenses 2022: $1,162,329Net Income 2022: $3,506,2022022Revenue 2023: $188,310Expenses 2023: $791,813Net Income 2023: -$603,5032023Revenue 2024: $83,630Expenses 2024: $532,016Net Income 2024: -$448,3862024

Highlighted filing

2024

Revenue$83,630
Expenses$532,016
Net Income-$448,386

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$83,630
Mission and Program Overview

Mission

To build on our successes in the areas of education and literacy and to expand our outreach to help more people with books, libraries, educaiton services, and therapeutic programs.

Education and literacy and to expand outreach to help more people by providing books libraries education and therapeutic services

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,716,301$2,356,148▼ $360,153
Land, Buildings, and Equipment, Net$1,015,291$992,044▼ $23,247
Loans From Officers Directors$176,184$167,518▼ $8,666
Cash and Non-Interest-Bearing Accounts$50,069$41,568▼ $8,501
Other Notes and Loans Receivable, Net$35,161--
Prepaid Expenses and Deferred Charges$25,857$25,857→ $0
Accounts Receivable-$5,000-
Total Assets$3,842,679$3,445,236▼ $397,443
Other Assets Total-$24,619-
Liabilities
Other Liabilities-$49,817-
Accounts Payable and Accrued Expenses$239$874▲ $635
Total Liabilities$176,423$218,209▲ $41,786
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,666,256$3,227,027▼ $439,229
Total Net Assets Fund Balance$3,666,256$3,227,027▼ $439,229
Total Liabilities and Net Assets / Fund Balance$3,842,679$3,445,236▼ $397,443

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$527,601$28,831$556,432
Buildings$245,269$26,131$271,400
Equipment$144,174$58,587$202,761
Land$75,000-$75,000
Other Assets Org$4,648--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kimberly NorcrossVice ChairTreasurerFT$121,201$121,201
Paul NorcrossPresidentFT$121,201$121,201
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$22,294
Investment Income
$54,836
Other Revenue
$1,500
All Other Contributions
$5,000
Change in Net Assets
$-448,386
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$319,128
Other Expenses$207,625
Grants and Similar Amounts Paid$5,263
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$68,625$68,625-$137,250
Other Employee Benefits$65,535$65,535-$131,070
Payroll Taxes$25,404$25,404-$50,808
Travel$28,088$12,038-$40,126
Office Expenses$10,729$21,965-$32,694
Depreciation Depletion$23,247--$23,247
Occupancy$15,751$6,751-$22,502
Insurance$22,129--$22,129
Other Expenses$11,441$7,476-$11,441
Fees for Services Legal-$7,187-$7,187
Grants to Domestic Orgs$5,263--$5,263
Interest$5,076--$5,076
Fees for Services Other$500$2,954-$3,454
Advertising$2,912--$2,912
Fees for Services Accounting-$1,479-$1,479
All Other Expenses$1,338--$1,338
Total Functional Expenses$312,602$219,414$0$532,016
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$176,184$167,518▼ $8,666
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due To Phoenix Academy$47,334
Due to P Norcross$2,483
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI Line 2

Paul Norcross and Kim Norcross are spouses.

Part VI Line 11B

The Form 990 is provided to the officers at the annual meeting for review.

Part VI Line 15A or B

Compensation is determined using comparable organizations in the market

Part VI Line 15A or B

as well as the scope of duties and skillset of the manager.

Part VI Line 19

RJB Education Equity documents are made available for inspection upon

Part VI Line 19

request at the company's office.

Filing and Contact Details

Filer

Filer Name
RJB Education Equity Foundation
EIN
27-0248502
In Care Of
% Paul J Norcross
Phone
3368801713
Address
1112 Rockford Road, High Point, NC 27262

Signing Officer

Name
Paul J Norcross
Title
Chairperson
Phone
3368801713
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Norcross
Formed
2009
Legal Domicile
Nc
Voting Board Members
2
Independent Board Members
0
Employees
3

Preparer

Firm
David M Rutter Faunce CPA
Address
21 HIGHLANDS RIDGE TRL, RUTHERFORDTON, NC 28139-7938
Preparer
David M Faunce
Phone
8886196688
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due To Phoenix Academy
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to P Norcross
IRS990ScheduleD/Section170hRqrStsfdInd0false
IRS990ScheduleD/SolicitedAssetsSaleInd0false
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0992044
IRS990ScheduleD/TotalBookValueOtherAssetsAmt024619
IRS990ScheduleD/TotalLiabilityAmt049817
IRS990ScheduleD/WrittenPolicyMonitoringInd0false
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd1false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd2false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd3false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd4false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd5false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd6false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd7false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd8false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd9false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd0false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd1false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd2false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd3false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd4false
IRS990ScheduleL/DisqualifiedPersonExBnftTrGrp/TransactionCorrectedInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd7false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd8false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd9false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd7false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd8false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd9false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd2false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd3false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd4false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd5false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd6false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd7false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd8false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd9false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Paul Norcross and Kim Norcross are spouses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is provided to the officers at the annual meeting for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation is determined using comparable organizations in the market
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3as well as the scope of duties and skillset of the manager.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RJB Education Equity documents are made available for inspection upon
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5request at the company's office.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part VI Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Part VI Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Part VI Line 15a or b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part VI Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Part VI Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NC
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03842679
IRS990/TotalAssetsEOYAmt03445236
IRS990/TotalAssetsGrp/BOYAmt03842679
IRS990/TotalAssetsGrp/EOYAmt03445236
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt05000
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0219414
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0312602
IRS990/TotalFunctionalExpensesGrp/TotalAmt0532016
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0176423
IRS990/TotalLiabilitiesEOYAmt0218209
IRS990/TotalLiabilitiesGrp/BOYAmt0176423
IRS990/TotalLiabilitiesGrp/EOYAmt0218209
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03666256
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03227027
IRS990/TotalProgramServiceExpensesAmt0312602
IRS990/TotalProgramServiceRevenueAmt022294
IRS990/TotalReportableCompFromOrgAmt0242402
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt078630
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt083630
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03842679
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03445236
IRS990/TravelGrp/ManagementAndGeneralAmt012038
IRS990/TravelGrp/ProgramServicesAmt028088
IRS990/TravelGrp/TotalAmt040126
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01112 Rockford Rd
IRS990/USAddress/CityNm0High Point
IRS990/USAddress/StateAbbreviationCd0NC
IRS990/USAddress/ZIPCd027262
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL J NORCROSS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Chairperson
ReturnHeader/BusinessOfficerGrp/PhoneNum03368801713

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