Civic Intelligence

Richmond Community College Foundation Inc

EIN 56-1364070 • 501(c)3 • Hamlet, NC

Profile

Handle gifts, scholarships, fellowships, fixed asset construction and purchase, faculty salary supplements, and other academic expenses for richmond community

PO Box 1189Hamlet, NC 28345

n/A

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

10th percentile

0.00x

Higher debt load relative to revenue than 10% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2025

Net Margin

92nd percentile

60%

Higher net margin than 92% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

27th percentile

$0

Higher top officer pay than 27% of similar nonprofits.

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

NTEE B • $5M-$10M nonprofits • Source year 2025

Asset Growth

78th percentile

21%

Faster asset growth than 78% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

84th percentile

57%

Faster revenue growth than 84% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$7,955,323

Up $1,395,496 (+21%) from 2024

Liabilities

Up

$1,692

Up $361 (+27%) from 2024

Net Assets

Up

$7,953,631

Up $1,395,135 (+21%) from 2024

Operations
Liabilities / Revenue10th percentileNet Margin92nd percentile

Revenue

Up

$1,359,836

Up $495,518 (+57%) from 2024

Expenses

Up

$543,994

Up $70,235 (+15%) from 2024

Net Income

Up

$815,842

Up $425,283 (+109%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $3,446,220Liabilities 2011: $63,633Net Assets 2011: $3,382,5872011Assets 2012: $3,354,487Liabilities 2012: $26,986Net Assets 2012: $3,327,5012012Assets 2013: $3,999,484Liabilities 2013: $336,373Net Assets 2013: $3,663,1112013Assets 2014: $4,310,007Liabilities 2014: $44,446Net Assets 2014: $4,265,5612014Assets 2015: $3,793,726Liabilities 2015: $0Net Assets 2015: $3,793,7262015Assets 2016: $3,679,953Liabilities 2016: $0Net Assets 2016: $3,679,9532016Assets 2017: $5,009,082Liabilities 2017: $300,425Net Assets 2017: $4,708,6572017Assets 2018: $5,020,268Liabilities 2018: $214,663Net Assets 2018: $4,805,6052018Assets 2019: $4,905,224Liabilities 2019: $200,000Net Assets 2019: $4,705,2242019Assets 2020: $4,854,485Liabilities 2020: $200,516Net Assets 2020: $4,653,9692020Assets 2021: $5,451,939Liabilities 2021: $200,691Net Assets 2021: $5,251,2482021Assets 2022: $5,054,651Liabilities 2022: $766Net Assets 2022: $5,053,8852022Assets 2023: $5,553,111Liabilities 2023: $87Net Assets 2023: $5,553,0242023Assets 2024: $6,559,827Liabilities 2024: $1,331Net Assets 2024: $6,558,4962024Assets 2025: $7,955,323Liabilities 2025: $1,692Net Assets 2025: $7,953,6312025

Highlighted filing

2025

Assets$7,955,323
Liabilities$1,692
Net Assets$7,953,631
Open 2025 Filing

Operations Trend

Revenue Growth84th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $155,819Expenses 2011: $535,109Net Income 2011: -$379,2902011Revenue 2012: $209,488Expenses 2012: $214,498Net Income 2012: -$5,0102012Revenue 2013: $952,640Expenses 2013: $828,507Net Income 2013: $124,1332013Revenue 2014: $619,864Expenses 2014: $432,699Net Income 2014: $187,1652014Revenue 2015: $478,866Expenses 2015: $963,722Net Income 2015: -$484,8562015Revenue 2016: $303,713Expenses 2016: $364,881Net Income 2016: -$61,1682016Revenue 2017: $1,428,544Expenses 2017: $638,275Net Income 2017: $790,2692017Revenue 2018: $409,673Expenses 2018: $495,586Net Income 2018: -$85,9132018Revenue 2019: $362,978Expenses 2019: $574,552Net Income 2019: -$211,5742019Revenue 2020: $515,799Expenses 2020: $568,260Net Income 2020: -$52,4612020Revenue 2021: $351,200Expenses 2021: $607,334Net Income 2021: -$256,1342021Revenue 2022: $676,162Expenses 2022: $416,223Net Income 2022: $259,9392022Revenue 2023: $496,026Expenses 2023: $413,113Net Income 2023: $82,9132023Revenue 2024: $864,318Expenses 2024: $473,759Net Income 2024: $390,5592024Revenue 2025: $1,359,836Expenses 2025: $543,994Net Income 2025: $815,8422025

Highlighted filing

2025

Revenue$1,359,836
Expenses$543,994
Net Income$815,842
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$7,955,323
Liabilities
$1,692
Net assets
$7,953,631
Revenue
$1,359,836
Expenses
$543,994
Net income
$815,842
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.96$0.00$7.95$1.36$0.54$0.82
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.56$0.00$6.56$0.86$0.47$0.39
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.55$0.00$5.55$0.50$0.41$0.08
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.05$0.00$5.05$0.68$0.42$0.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.45$0.20$5.25$0.35$0.61$0.26
2020Detailed filing. Detailed filing data is available for this year.$4.85$0.20$4.65$0.52$0.57$0.05
2019Summary only. Only limited summary data is available for this year.$4.91$0.20$4.71$0.36$0.57$0.21
2018Summary only. Only limited summary data is available for this year.$5.02$0.21$4.81$0.41$0.50$0.09
2017Summary only. Only limited summary data is available for this year.$5.01$0.30$4.71$1.43$0.64$0.79
2016Summary only. Only limited summary data is available for this year.$3.68$0.00$3.68$0.30$0.36$0.06
2015Summary only. Only limited summary data is available for this year.$3.79$0.00$3.79$0.48$0.96$0.48
2014Summary only. Only limited summary data is available for this year.$4.31$0.04$4.27$0.62$0.43$0.19
2013Summary only. Only limited summary data is available for this year.$4.00$0.34$3.66$0.95$0.83$0.12
2012Summary only. Only limited summary data is available for this year.$3.35$0.03$3.33$0.21$0.21$0.01
2011Summary only. Only limited summary data is available for this year.$3.45$0.06$3.38$0.16$0.54$0.38
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 10, 2025
Return Version
2024v5.2
Gross Receipts
$1,438,745
Mission and Program Overview

Mission

Handle gifts, scholarships, fellowships, fixed asset construction and purchase, faculty salary supplements, and other academic expenses for richmond community college

Handle gifts, scholarships, fellowships, fixed asset construction and purchase, faculty salary supplements, and other academic expenses for richmond community

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$4,497,811$6,082,158▲ $1,584,347
Savings and Temporary Cash Investments$1,520,339$1,338,582▼ $181,757
Pledges and Grants Receivable$370,184$365,184▼ $5,000
Prepaid Expenses and Deferred Charges$10,779$0▼ $10,779
Accounts Receivable$5,734$3,559▼ $2,175
Cash and Non-Interest-Bearing Accounts$250$250→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$6,559,827$7,955,323▲ $1,395,496
Other Assets Total$154,730$165,590▲ $10,860
Liabilities
Accounts Payable and Accrued Expenses$1,331$1,692▲ $361
Total Liabilities$1,331$1,692▲ $361
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,756,405$7,118,877▲ $1,362,472
Net Assets Without Donor Restrictions$802,091$834,754▲ $32,663
Total Net Assets Fund Balance$6,558,496$7,953,631▲ $1,395,135
Total Liabilities and Net Assets / Fund Balance$6,559,827$7,955,323▲ $1,395,496

Asset Categories

AssetBook ValueDepreciationBasis
Land$0--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$3,583,867$1,170,051▲ $474,711-$5,084,547
2023$3,187,746$12,645▲ $490,019-$3,583,867
2022$2,856,083$71,336▲ $330,933-$3,187,746
2021$3,196,055$95,175▼ $361,858-$2,856,083
2020$2,548,992$56,680▲ $668,385-$3,196,055
Compensation and Service Providers
Top Officer Pay27th percentile

Board Members and Trustees

NameTitle
Elizabeth M BryantCo-president
Mark a ScottCo-president
Bobbie Sue OrmsbyBoard Member
Brent T BarbeeBoard Member
C Dean NicholsBoard Member
C Kenneth MelvinBoard Member
Gregory ThompsonBoard Member
Gregory a MarksBoard Member
H Lee Howell JrBoard Member
H Scott BrewerBoard Member
J C LammBoard Member
J Edward CoxBoard Member
J Neil Cadieu JrBoard Member
James C MccaskillBoard Member
James W Mason IiiBoard Member
Janet James NortonBoard Member
Jay ToddBoard Member
Jean T WayBoard Member
John S Stevenson MdBoard Member
John a FergusonBoard Member
Joyce M McdowBoard Member
Kay G CavendishBoard Member
Neil H RobinetteBoard Member
P Laverne SchultzBoard Member
Patrick L ChappellBoard Member
Rep Kenneth L GoodmanBoard Member
S Hewitt Fulton IiiBoard Member
Sandra D BarnhardtBoard Member
Stafford Dunbar IvBoard Member
Thad L UsseryBoard Member
W Ronald BallardBoard Member
William R CookeBoard Member
Wendy Kelly Jordan Ed DAssoicate VP for Development
Lisa HarrelsonFoundation Support
David T WoodSecretary
Wiley L MabeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,316,519
Program Service Revenue
$0
Investment Income
$769
Other Revenue
$42,548
All Other Contributions
$1,316,519
Change in Net Assets
$815,842

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,359,836
Revenue Not Reported on Form 990
$658,202
Total Revenue per Audited Statements
$2,018,038
Total Revenue per Form 990
$1,359,836
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$475,648
Other Expenses$68,346
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$475,648--$475,648
Fees for Services Accounting$0$8,125$0$8,125
Office Expenses$0$3,091$0$3,091
All Other Expenses$0$2,681$0$2,681
Other Expenses$2,472$0$0$2,472
Total Functional Expenses$515,148$28,846$0$543,994

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$622,903
Expenses per Audited Statements$543,994
Total Expenses per Form 990$543,994
Expenses Not Reported on Form 990$78,909
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Richmond Community CollegeHamlet, NC501(c)(3)See Part Iv$517,075
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$116,789
Fundraising Direct Expenses$78,909
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala-citizen of Year$63,708$63,708$23,647$40,061
Clay Shooting Classic$47,230$47,230$33,657$13,573
Total Events$110,938$110,938$57,304$53,634
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
Audit committee
Yes
Backup withholding compliance
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
No
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
Filing and Contact Details

Filer

Filer Name
Richmond Community College Foundation Inc
EIN
56-1364070
Phone
9104101807
Address
PO BOX 1189, HAMLET, NC 28345

Signing Officer

Name
Elizabeth M Bryant
Title
Co-president
Phone
9104101807
Signed
2025-09-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wiley L Mabe
Formed
1983
Legal Domicile
Nc
Voting Board Members
36
Independent Board Members
36
Employees
0
Volunteers
0

Preparer

Firm
J B Watson & Co Pllc
Address
PO BOX 341, WADESBORO, NC 28170
Preparer
James F Hanna
Phone
7046945174
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The executive director conducted the initial review and coordination with the auditor. The draft 990 was then reviewed by the foundations audit committee. Following the review, the audit committee comments and recommendations were presented, along with the draft 990, to the foundation executive committee. A copy of the 990 and audit was mailed to each director for comments and objections. Absent comments or objections from the individual directors during the comment period, the 990 was signed and submitted to the executive director as authorized by the executive committee.”

Pt VI, Line 12C

“During any meeting where business is conducted participating members are provided the opportunity to identify potential conflicts of interest. The individual may recuse themselves from discussion and voting or the remaining voting members may rule on the issue. Such actions are recorded in the minutes. Directors are requested to review and update their statements annually, additionally they are able to modify their statements at any time.”

Pt VI, Line 18

“The rc foundations 990s are available on guidestar as well as on request.”

Pt VI, Line 19

“Currently these documents are available in either paper or electronic copy upon request. As with the 990, they are also available through a link on the richmond community college website.”

Other

“Supplies for student ambassadors that help out at college events.”

Pt XI

“Line 9: unrealized gain on investments”

Form 990, Part III, Line 4D

“Ambassador expense 2472. 2472. 0.”

Financial Statement Notes

Other

“Special events direct expense”

Pt XII, Line 2D

“Special events direct expense”

Pt V, Line 4

“Provide scholarships to eligible students”

Pt XI, Line 2D

“FUNDRAISING”

Raw XML AppendixShowing 400 of 694 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt02681
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IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08125
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IRS990/FeesForServicesAccountingGrp/TotalAmt08125
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