Civic Intelligence

Rowan-Cabarrus Community College Foundation Inc.

990 • Fiscal year 2015 • EIN 56-1731864

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 17, 2016

Organization ProfileWWW.RCCC.EDU/FOUNDATION
PO Box 1595Salisbury, NC 28145-1595

(704) 637-0760

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Higher debt load relative to assets than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

5th percentile

-59%

Higher net margin than 5% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

4th percentile

-59%

Faster revenue growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$4,926,694

Down $904,521 (-16%) from 2014

Net Assets

Down

$4,925,262

Down $905,953 (-16%) from 2014

Liabilities

Up

$1,432

Up $1,432 from 2014

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin5th percentile

Revenue

Down

$1,470,942

Down $2,155,508 (-59%) from 2014

Expenses

Up

$2,339,386

Up $1,945,171 (+493%) from 2014

Net Income

Down

-$868,444

Down $4,100,679 (-127%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$15M$10M$5.0M$0Assets 2012: $2,225,849Liabilities 2012: $46Net Assets 2012: $2,225,8032012Assets 2013: $2,463,902Liabilities 2013: $18,967Net Assets 2013: $2,444,9352013Assets 2014: $5,831,215Liabilities 2014: $0Net Assets 2014: $5,831,2152014Assets 2015: $4,926,694Liabilities 2015: $1,432Net Assets 2015: $4,925,2622015Assets 2016: $5,500,305Liabilities 2016: $2,906Net Assets 2016: $5,497,3992016Assets 2017: $6,309,850Liabilities 2017: $27,193Net Assets 2017: $6,282,6572017Assets 2018: $9,383,845Liabilities 2018: $138Net Assets 2018: $9,383,7072018Assets 2019: $9,667,013Liabilities 2019: $305,573Net Assets 2019: $9,361,4402019Assets 2020: $9,294,192Liabilities 2020: $403Net Assets 2020: $9,293,7892020Assets 2021: $9,492,471Liabilities 2021: $869Net Assets 2021: $9,491,6022021Assets 2022: $8,770,796Liabilities 2022: $62,964Net Assets 2022: $8,707,8322022Assets 2023: $9,300,416Liabilities 2023: $1,130Net Assets 2023: $9,299,2862023Assets 2024: $11,512,312Liabilities 2024: $387,216Net Assets 2024: $11,125,0962024Assets 2025: $12,255,047Liabilities 2025: $0Net Assets 2025: $12,255,0472025

Highlighted filing

2015

Assets$4,926,694
Liabilities$1,432
Net Assets$4,925,262
Open 2015 Filing

Operations Trend

Revenue Growth4th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2012: $1,061,089Expenses 2012: $903,676Net Income 2012: $157,4132012Expenses 2013: $495,5712013Revenue 2014: $3,626,450Expenses 2014: $394,215Net Income 2014: $3,232,2352014Revenue 2015: $1,470,942Expenses 2015: $2,339,386Net Income 2015: -$868,4442015Revenue 2016: $1,218,236Expenses 2016: $500,354Net Income 2016: $717,8822016Revenue 2017: $1,270,446Expenses 2017: $485,188Net Income 2017: $785,2582017Revenue 2018: $3,695,435Expenses 2018: $594,385Net Income 2018: $3,101,0502018Revenue 2019: $1,059,092Expenses 2019: $1,102,794Net Income 2019: -$43,7022019Revenue 2020: $628,398Expenses 2020: $736,253Net Income 2020: -$107,8552020Revenue 2021: $2,204,485Expenses 2021: $2,040,709Net Income 2021: $163,7762021Revenue 2022: $541,813Expenses 2022: $777,275Net Income 2022: -$235,4622022Revenue 2023: $1,212,137Expenses 2023: $644,175Net Income 2023: $567,9622023Revenue 2024: $2,522,999Expenses 2024: $716,185Net Income 2024: $1,806,8142024Revenue 2025: $2,689,384Expenses 2025: $1,592,324Net Income 2025: $1,097,0602025

Highlighted filing

2015

Revenue$1,470,942
Expenses$2,339,386
Net Income-$868,444
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 17, 2016
Return Version
2014v6.0
Gross Receipts
$3,638,793
Mission and Program Overview

Mission

To raise and manage funds and enhance relationships that support the work of rowan-cabarrus community college

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,526,490$2,239,188▼ $1,287,302
Investments in Publicly Traded Securities$2,137,275--
Pledges and Grants Receivable$144,141$276,297▲ $132,156
Land, Buildings, and Equipment, Net-$101,246-
Accounts Receivable$23,309$8,427▼ $14,882
Total Assets$5,831,215$4,926,694▼ $904,521
Other Assets Total-$2,301,536-
Liabilities
Accounts Payable and Accrued Expenses-$1,432-
Total Liabilities$0$1,432▲ $1,432
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,922,941$2,648,674▼ $1,274,267
Permanently Rstr Net Assets$1,686,613$1,912,706▲ $226,093
Unrestricted Net Assets$221,661$363,882▲ $142,221
Total Net Assets Fund Balance$5,831,215$4,925,262▼ $905,953
Total Liabilities and Net Assets / Fund Balance$5,831,215$4,926,694▼ $904,521

Asset Categories

AssetBook ValueDepreciationBasis
Land$101,246-$101,246
Other Assets Org$2,301,536--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$2,070,794$226,093▲ $17,523-$2,312,510
2013$1,708,986$130,366▲ $236,692-$2,070,794
2012$1,465,002$91,245▲ $156,239-$1,708,986
2011$775,870$689,132▲ $28,154-$1,465,002
2010$409,634$366,236▲ $11,552-$775,870
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Diane HoneycuttChair
Paul BrownVice Chair
Bill Cannon Jr-
Bill Wagoner-
Cordelia Andrews-
Cyndie Mynatt-
Dakeita Vanderburg-johnson-
Denise Hallett-
Edward Norvell-
Harold Earnhardt-
Irvin Newberry-
Katrina King-
Kelly Propst-
Kevin Crutchfield-
Lisa Tucker-
Mary Ponds-
Pat Horton-
Peter Bynum-
Raegan Brogdon-
Starling Johnson-
Tim Elleby-
Tim Hagler-
William Burgin-
Carol SpaldingSecretary
Janet SpriggsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Atlantic American Properties INCConstruction210 OAK AVENUE, Kannapolis, NC 28081$1,545,697
Ritelite Signs INCConstruction1000 BISCAYNE DRIVE, Kannapolis, NC 28027$116,958
Revenue and Support

Revenue Composition

Contributions and Grants
$1,419,782
Program Service Revenue
$0
Investment Income
$80,104
Other Revenue
$-28,944
All Other Contributions
$1,207,101
Change in Net Assets
$-868,444

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$76,286Fair Market Value
Total Noncash Contributions1$76,286-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,470,942
Revenue Not Reported on Form 990
$-37,509
Total Revenue per Audited Statements
$1,433,433
Total Revenue per Form 990
$1,470,942
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,241,021
Other Expenses$98,365
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,241,021--$2,241,021
Advertising$43,615--$43,615
Conferences and Meetings$6,977$6,652-$13,629
Fees for Service Investment Mgmnt Fees-$11,985-$11,985
Office Expenses$5,186$4,910-$10,096
Fees for Services Other-$6,000-$6,000
Fees for Services Accounting-$2,750-$2,750
Other Expenses$3,558$2,502-$2,502
Total Functional Expenses$2,300,441$38,945$0$2,339,386

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,339,386
Total Expenses per Audited Statements$2,339,386
Total Expenses per Form 990$2,339,386
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rowan Cabarrus Community CollegeSalisbury, NC-Instructional$2,241,021
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$38,137
Fundraising Gross Income$9,193
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$31,133$9,193$38,137$-28,944
Total Events$31,133$9,193$38,137$-28,944
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
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The foundation emails a copy of the 990 to members of the finance committee which in turn reports any issues or concerns to the full board.”

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

“The foundation currently has no paid employees”

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

“The foundation currently has no paid employees”

Form 990, Page 6, Part VI, Line 19

“Govering documents are made available to the public upon request at the foundation office.”

Filing and Contact Details

Filer

Filer Name
Rowan-cabarrus Community College
EIN
56-1731864
Phone
7046370760
Address
PO BOX 1595, SALISBURY, NC 28145-1595

Signing Officer

Name
Janet Spriggs
Title
Treasurer
Phone
7046370760
Signed
2016-02-17

Organization Details

Principal Officer
Janet Spriggs Treasurer
Voting Board Members
25
Independent Board Members
25
Employees
0

Preparer

Firm
Brent H Parks CPA Pa
Address
1816 E INNES ST STE 101, SALISBURY, NC 28146
Preparer
Brent H Parks
Phone
7046338700
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Endowment funds are disbursed to rowan cabarrus community college where they provide assistance to students and professors as part of furthering and enhancing their education.”

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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/ReportLandBuildingEquipmentInd0true
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IRS990/ReportProgramRelatedInvstInd0false
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ENDOWMENT FUNDS ARE DISBURSED TO ROWAN CABARRUS COMMUNITY COLLEGE WHERE THEY PROVIDE ASSISTANCE TO STUDENTS AND PROFESSORS AS PART OF FURTHERING AND ENHANCING THEIR EDUCATION.

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,926,694
Liabilities
$1,432
Net assets
$4,925,262
Revenue
$1,470,942
Expenses
$2,339,386
Net income
-$868,444
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.3$0.00$12.3$2.69$1.59$1.10
2024Detailed filing. Detailed filing data is available for this year.$11.5$0.39$11.1$2.52$0.72$1.81
2023Detailed filing. Detailed filing data is available for this year.$9.30$0.00$9.30$1.21$0.64$0.57
2022Detailed filing. Detailed filing data is available for this year.$8.77$0.06$8.71$0.54$0.78$0.24
2021Detailed filing. Detailed filing data is available for this year.$9.49$0.00$9.49$2.20$2.04$0.16
2020Detailed filing. Detailed filing data is available for this year.$9.29$0.00$9.29$0.63$0.74$0.11
2019Detailed filing. Detailed filing data is available for this year.$9.67$0.31$9.36$1.06$1.10$0.04
2018Detailed filing. Detailed filing data is available for this year.$9.38$0.00$9.38$3.70$0.59$3.10
2017Detailed filing. Detailed filing data is available for this year.$6.31$0.03$6.28$1.27$0.49$0.79
2016Detailed filing. Detailed filing data is available for this year.$5.50$0.00$5.50$1.22$0.50$0.72
2015Detailed filing. Detailed filing data is available for this year.$4.93$0.00$4.93$1.47$2.34$0.87
2014Detailed filing. Detailed filing data is available for this year.$5.83$0.00$5.83$3.63$0.39$3.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.02$2.44$0.50
2012Summary only. Only limited summary data is available for this year.$2.23$0.00$2.23$1.06$0.90$0.16