Civic Intelligence

Randolph County Partnership for Children Inc.

990 • Fiscal year 2020 • EIN 31-1612024

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 12, 2021

Refreshing map…

349 Sunset AveAsheboro, NC 27203

(336) 629-2128

Siviq Scores

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

Liabilities / Assets

60th percentile

0.25x

Higher debt load relative to assets than 60% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

25th percentile

0.01x

Higher debt load relative to revenue than 25% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Net Margin

27th percentile

-4.6%

Higher net margin than 27% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

33rd percentile

$0

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • NTEE B • $1M-$5M nonprofits • Source year 2020

Asset Growth

3rd percentile

-38%

Faster asset growth than 3% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

63rd percentile

5.3%

Faster revenue growth than 63% of similar nonprofits.

2020 filings • NTEE B • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Down

$189,036

Down $114,964 (-38%) from 2019

Net Assets

Down

$141,463

Down $159,218 (-53%) from 2019

Liabilities

Up

$47,573

Up $44,254 (+1333%) from 2019

Revenue

Up

$3,490,310

Up $176,330 (+5.3%) from 2019

Expenses

Up

$3,649,528

Up $315,169 (+9.5%) from 2019

Net Income

Down

-$159,218

Down $138,839 (-681%) from 2019

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $224,681Liabilities 2014: $14,853Net Assets 2014: $209,8282014Assets 2015: $291,026Liabilities 2015: $12,969Net Assets 2015: $278,0572015Assets 2016: $247,381Liabilities 2016: $975Net Assets 2016: $246,4062016Assets 2017: $279,809Liabilities 2017: $11,378Net Assets 2017: $268,4312017Assets 2018: $333,318Liabilities 2018: $12,252Net Assets 2018: $321,0662018Assets 2019: $304,000Liabilities 2019: $3,319Net Assets 2019: $300,6812019Assets 2020: $189,036Liabilities 2020: $47,573Net Assets 2020: $141,4632020Assets 2021: $373,972Liabilities 2021: $46,325Net Assets 2021: $327,6472021Assets 2022: $394,714Liabilities 2022: $81,426Net Assets 2022: $313,2882022Assets 2025: $521,528Liabilities 2025: $25,804Net Assets 2025: $495,7242025

Highlighted filing

2020

Assets$189,036
Liabilities$47,573
Net Assets$141,463

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2014: $2,566,581Expenses 2014: $2,579,636Net Income 2014: -$13,0552014Revenue 2015: $2,731,147Expenses 2015: $2,662,918Net Income 2015: $68,2292015Revenue 2016: $2,826,091Expenses 2016: $2,857,742Net Income 2016: -$31,6512016Revenue 2017: $2,898,777Expenses 2017: $2,876,752Net Income 2017: $22,0252017Revenue 2018: $3,043,264Expenses 2018: $2,990,630Net Income 2018: $52,6342018Revenue 2019: $3,313,980Expenses 2019: $3,334,359Net Income 2019: -$20,3792019Revenue 2020: $3,490,310Expenses 2020: $3,649,528Net Income 2020: -$159,2182020Revenue 2021: $3,947,245Expenses 2021: $3,761,061Net Income 2021: $186,1842021Revenue 2022: $3,590,501Expenses 2022: $3,604,860Net Income 2022: -$14,3592022Revenue 2025: $3,426,890Expenses 2025: $3,383,669Net Income 2025: $43,2212025

Highlighted filing

2020

Revenue$3,490,310
Expenses$3,649,528
Net Income-$159,218
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 12, 2021
Return Version
2019v5.2
Gross Receipts
$3,494,834
Mission and Program Overview

Mission

The Randolph County Partnership for Children: 1) Conducts research, facilitates county-wide and community specific planning, and allocates/leverages funds to support programs which benefit young children 0-5 and their families. 2) Is a catalyst for bringing together diverse sectors and interests to help develop solutions. 3) Serves as the central source of information and technical assistance to improve the quality of child care in Randolph County. 4) Educates the community on the critical needs of young children and the importance of early education.

The Randolph County Partnership for Children, a non-profit organization, is our community's lead organization to plan, identify, and fund programs and services for young children and their families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$155,295$155,295→ $0
Cash and Non-Interest-Bearing Accounts$147,073$30,948▼ $116,125
Total Assets$304,000$189,036▼ $114,964
Other Assets Total$1,632$2,793▲ $1,161
Liabilities
Accounts Payable and Accrued Expenses$3,319$47,573▲ $44,254
Total Liabilities$3,319$47,573▲ $44,254
Net Assets / Fund Balance
Net Assets With Donor Restrictions$223,350$219,204▼ $4,146
Net Assets Without Donor Restrictions$77,331$-77,741▼ $155,072
Total Net Assets Fund Balance$300,681$141,463▼ $159,218
Total Liabilities and Net Assets / Fund Balance$304,000$189,036▼ $114,964

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$155,295--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$155,295---$155,295
2018$155,295---$155,295
2017$155,295---$155,295
2016$154,295$1,000--$155,295
2015$144,295$10,000--$154,295
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jerry MooreBoard Chair
Marcelo ParizBoard Vice Chair
Debi LagueruelaBoard Secretary
Wayne RoweBoard Treasurer
Art MartinezDirector
Chastity GloverDirector
Dr Lynette GravesDirector
Dr Stephen GaineyDirector
Hope HaywoodDirector
Jody WalkerDirector
Kathy WalkerDirector
Niccole Hugg-SuttlesDirector
Sarah Beth CampbellDirector
Sarah LanierDirector
Shannon McCraryDirector
Susan HayesDirector
Tracie MurphyDirector
Tyler WilhoitDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$3,454,239
Program Service Revenue
$0
Investment Income
$9,170
Other Revenue
$26,901
All Other Contributions
$155,534
Change in Net Assets
$-159,218
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,575,543
Salaries, Compensation, and Employee Benefits$877,885
Other Expenses$196,100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,549,502--$2,549,502
Other Salaries and Wages$576,719$100,551-$677,270
Other Employee Benefits$95,976$14,577-$110,553
All Other Expenses$34,132$30,105-$64,237
Payroll Taxes$41,824$7,527-$49,351
Pension Plan Contributions$35,727$4,984-$40,711
Grants to Domestic Individuals$26,041--$26,041
Conferences and Meetings$19,904$1,939-$21,843
Other Expenses$11,386$1,211-$12,597
Travel$11,271$1,135-$12,406
Advertising$9,916$1,599-$11,515
Office Expenses$5,532$5,098-$10,630
Fees for Services Accounting$1,900$1,500-$3,400
Total Functional Expenses$3,467,899$181,629$0$3,649,528
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Randolph County Public LibraryAsheboro, NC170(c)(1)Parents as Teachers$777,005
Asheboro City SchoolsAsheboro, NC170(c)(1)Pre-Kindergarten classrooms and subsidy for 3-4 year-olds; Outdoor learning environment for 1 school$600,441
First Steps Early Learning CenterAsheboro, NC170(c)(1)Pre-Kindergarten classroom$333,000
First Baptist Church (The Growing Place)Asheboro, NC501(c)(3)Health insurance reimbursement for child care teachers/Shape NC Model Early Learing Ctr$174,200
Randolph County Health DepartmentAsheboro, NC170(c)(1)Child Care Health Nurse Consultation Activity$154,950
Randolph County Department of Social ServicesAsheboro, NC501(c)(3)Child care scholarships$86,867
Randleman Enrichment CenterRandleman, NC170(c)(1)Pre-Kindergarten classrooms$85,588
The Kids of Hope LLCAsheboro, NC501(c)(3)Outdoor learning environments - grants for local child care centers$72,051
Head Start StationAsheboro, NC-Outdoor learning environments - grants for local child care centers$71,600
Randolph County SchoolsAsheboro, NC501(c)(3)Pre-Kindergarten classrooms; Parents as Teachers; JumpStart (Kindergarten Readiness); Outdoor Learning Environments for Pre-K Classroom$30,549
Family Service of the PiedmontJamestown, NC501(c)(3)Incredible years parenting program$549
Connie Redding Head StartAsheboro, NC-Outdoor learning environments - grants for local child care centers$339
Childcare Network #146Archdale, NC-Pre-Kindergarten classrooms$100
It's A Kids WorldRandleman, NC-Outdoor learning environments - grants for local child care centers$35
Honeycomb KidsTrinity, NC-Outdoor learning environments - grants for local child care centers-
North Asheboro Head StartAsheboro, NC-Pre-Kindergarten classroom-
Teddy Bear Childcare CenterAsheboro, NC-Materials & labor to transform outdoor learning environments-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$21,045
Fundraising Direct Expenses$4,524
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Special Events$21,045$21,045$4,524$16,521
Total Events$21,045$21,045$4,524$16,521
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
No
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
Yes
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, Part VI, Section B, line 11B

The Executive Director, Board Chair, Board Treasurer, and Board of Directors review the 990 tax return before the return is filed.

Form 990, Part VI, Section B, line 12C

Board members are required to sign a statement saying that they know and will comply with the conflict of interest policy. Each year the board members are required to review the conflict of interest policy and sign a statement that they have done so.

Form 990, Part VI, Section B, line 15

For the Executive Director, the executive committee evaluates the Executive Director annually to determine if there will be any merit increase in salary. The review is based on a point system the executive committee completes, and then presents to the board for a final vote. All other employees are reviewed by the Executive Director to determine if there will be any pay increases based on a job classification study made by an independent Human Resources individual and performance.

Form 990, Part VI, Section C, line 18

If an individual comes in and request to see the Form 1023 or Form 990 then they are provided a copy of such information.

Form 990, Part VI, Section C, line 19

If an individual comes in and request to see any governing documents, conflict of interest policy or financial statements then they are provided a copy of such information.

Filing and Contact Details

Filer

Filer Name
Randolph County Partnership for
EIN
31-1612024
Phone
3366292128
Address
349 Sunset Ave, Asheboro, NC 27203

Signing Officer

Name
Lisa Hayworth
Title
Executive Director
Phone
3366292128
Signed
2021-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lisa Hayworth
Formed
1999
Legal Domicile
Nc
Voting Board Members
17
Independent Board Members
17
Employees
14
Volunteers
173

Preparer

Firm
Turlington and Company LLP
Address
PO Box 1697, Lexington, NC 27293-1697
Preparer
Angela W Crews
Phone
3362496856
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The Randolph Partnership is exempt from payment of income taxes under the provision of Section 501(c)(3) of the Internal Revenue Code, except to the extent of taxes on any unrelated business income. FASB ASC 740 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FASB ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing financial statements to determine whether the tax positions are "more-likely-than-not" to be sustained by the applicable tax authority. The Randolph Partnership does not believe there are any unrecognized tax benefits or costs as of June 30, 2020. Income tax returns from 2017 through 2019 are open to examination by the tax authorities.

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IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
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IRS990/FormationYr01999
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0The Randolph County Partnership for Children: 1) Conducts research, facilitates county-wide and community specific planning, and allocates/leverages funds to support programs which benefit young children 0-5 and their families. 2) Is a catalyst for bringing together diverse sectors and interests to help develop solutions. 3) Serves as the central source of information and technical assistance to improve the quality of child care in Randolph County. 4) Educates the community on the critical needs of young children and the importance of early education.
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IRS990/PensionPlanContributionsGrp/ProgramServicesAmt035727
IRS990/PensionPlanContributionsGrp/TotalAmt040711
IRS990/PoliticalCampaignActyInd00
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/OtherSecuritiesGrp/Desc0Endowment - Community Foundation of Greater Greensboro, Inc.
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Randolph Partnership is exempt from payment of income taxes under the provision of Section 501(c)(3) of the Internal Revenue Code, except to the extent of taxes on any unrelated business income. FASB ASC 740 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FASB ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing financial statements to determine whether the tax positions are "more-likely-than-not" to be sustained by the applicable tax authority. The Randolph Partnership does not believe there are any unrecognized tax benefits or costs as of June 30, 2020. Income tax returns from 2017 through 2019 are open to examination by the tax authorities.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
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IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Special Events
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IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt016521
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