Civic Intelligence

Lincoln County Rotary Student

EIN 56-2071604 • 501(c)3 • Lincolnton, NC

Profile

Provide college loans

PO Box 682Lincolnton, NC 28093-0682

www.rotarylinc.org

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.00x

Higher debt load relative to assets than 23% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

30th percentile

0.01x

Higher debt load relative to revenue than 30% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Net Margin

14th percentile

-15%

Higher net margin than 14% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

47th percentile

$42,212

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 34.7% of source-year revenue.

NTEE B • $1M-$5M nonprofits • Source year 2025

Asset Growth

34th percentile

-0.7%

Faster asset growth than 34% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

15th percentile

-18%

Faster revenue growth than 15% of similar nonprofits.

NTEE B • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$2,878,172

Down $20,130 (-0.7%) from 2024

Liabilities

Up

$901

Up $4 (+0.4%) from 2024

Net Assets

Down

$2,877,271

Down $20,134 (-0.7%) from 2024

Revenue

Down

$121,747

Down $26,012 (-18%) from 2024

Expenses

Up

$139,516

Up $24,501 (+21%) from 2024

Net Income

Down

-$17,769

Down $50,513 (-154%) from 2024

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,934,486Liabilities 2011: $1,367Net Assets 2011: $1,933,1192011Assets 2012: $2,038,301Liabilities 2012: $1,091Net Assets 2012: $2,037,2102012Assets 2013: $2,220,054Liabilities 2013: $3,213Net Assets 2013: $2,216,8412013Assets 2014: $2,325,759Liabilities 2014: $3,076Net Assets 2014: $2,322,6832014Assets 2015: $2,425,789Liabilities 2015: $2,690Net Assets 2015: $2,423,0992015Assets 2016: $2,508,530Liabilities 2016: $3,767Net Assets 2016: $2,504,7632016Assets 2017: $2,586,465Liabilities 2017: $6,743Net Assets 2017: $2,579,7222017Assets 2018: $2,666,989Liabilities 2018: $5,597Net Assets 2018: $2,661,3922018Assets 2019: $2,823,683Liabilities 2019: $4,292Net Assets 2019: $2,819,3912019Assets 2020: $2,879,420Liabilities 2020: $1,012Net Assets 2020: $2,878,4082020Assets 2021: $2,899,894Liabilities 2021: $886Net Assets 2021: $2,899,0082021Assets 2022: $2,864,092Liabilities 2022: $2,472Net Assets 2022: $2,861,6202022Assets 2023: $2,864,939Liabilities 2023: $503Net Assets 2023: $2,864,4362023Assets 2024: $2,898,302Liabilities 2024: $897Net Assets 2024: $2,897,4052024Assets 2025: $2,878,172Liabilities 2025: $901Net Assets 2025: $2,877,2712025

Highlighted filing

2025

Assets$2,878,172
Liabilities$901
Net Assets$2,877,271

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2011: $164,219Expenses 2011: $56,608Net Income 2011: $107,6112011Revenue 2012: $169,340Expenses 2012: $65,249Net Income 2012: $104,0912012Revenue 2013: $240,328Expenses 2013: $60,697Net Income 2013: $179,6312013Revenue 2014: $165,427Expenses 2014: $61,585Net Income 2014: $103,8422014Revenue 2015: $171,574Expenses 2015: $71,158Net Income 2015: $100,4162015Revenue 2016: $148,426Expenses 2016: $66,762Net Income 2016: $81,6642016Revenue 2017: $145,111Expenses 2017: $70,153Net Income 2017: $74,9582017Revenue 2018: $152,598Expenses 2018: $70,928Net Income 2018: $81,6702018Revenue 2019: $236,172Expenses 2019: $78,172Net Income 2019: $158,0002019Revenue 2020: $87,152Expenses 2020: $55,379Net Income 2020: $31,7732020Revenue 2021: $96,577Expenses 2021: $73,779Net Income 2021: $22,7982021Revenue 2022: $132,709Expenses 2022: $121,427Net Income 2022: $11,2822022Revenue 2023: $106,870Expenses 2023: $112,682Net Income 2023: -$5,8122023Revenue 2024: $147,759Expenses 2024: $115,015Net Income 2024: $32,7442024Revenue 2025: $121,747Expenses 2025: $139,516Net Income 2025: -$17,7692025

Highlighted filing

2025

Revenue$121,747
Expenses$139,516
Net Income-$17,769

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$0.00$2.88$0.12$0.14$0.02
2024Summary only. Only limited summary data is available for this year.$2.90$0.00$2.90$0.15$0.12$0.03
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.86$0.00$2.86$0.11$0.11$0.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.86$0.00$2.86$0.13$0.12$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.90$0.00$2.90$0.10$0.07$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$0.00$2.88$0.09$0.06$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$0.00$2.82$0.24$0.08$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.67$0.01$2.66$0.15$0.07$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.59$0.01$2.58$0.15$0.07$0.07
2016Detailed filing. Detailed filing data is available for this year.$2.51$0.00$2.50$0.15$0.07$0.08
2015Summary only. Only limited summary data is available for this year.$2.43$0.00$2.42$0.17$0.07$0.10
2014Summary only. Only limited summary data is available for this year.$2.33$0.00$2.32$0.17$0.06$0.10
2013Summary only. Only limited summary data is available for this year.$2.22$0.00$2.22$0.24$0.06$0.18
2012Summary only. Only limited summary data is available for this year.$2.04$0.00$2.04$0.17$0.07$0.10
2011Summary only. Only limited summary data is available for this year.$1.93$0.00$1.93$0.16$0.06$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jan 21, 2026
Return Version
2024v5.0
Gross Receipts
$121,747
Mission and Program Overview

Mission

PROVIDE COLLEGE LOANS

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,596,142$2,666,202▲ $70,060
Savings and Temporary Cash Investments$45,742$55,496▲ $9,754
Cash and Non-Interest-Bearing Accounts$129,010$31,389▼ $97,621
Land, Buildings, and Equipment, Net$1,100$783▼ $317
Prepaid Expenses and Deferred Charges$137--
Total Assets$2,898,302$2,878,172▼ $20,130
Other Assets Total$126,171$124,302▼ $1,869
Liabilities
Other Liabilities$826$901▲ $75
Accounts Payable and Accrued Expenses$71--
Total Liabilities$897$901▲ $4
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,771,342$2,752,969▼ $18,373
Net Assets With Donor Restrictions$126,063$124,302▼ $1,761
Total Net Assets Fund Balance$2,897,405$2,877,271▼ $20,134
Total Liabilities and Net Assets / Fund Balance$2,898,302$2,878,172▼ $20,130

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$783$5,932$6,715
Other Land Buildings-$5,199$5,199
Compensation and Service Providers

Employees

NameTitleBaseTotal
Anna B MullenDirector$42,212$42,212

Board Members and Trustees

NameTitle
Cliff BrumfieldChairman
David LeeDirector
Hailey CornwellDirector
Joanne MatzDirector
John DancoffDirector
Kelly AtkinsDirector
Tony SimpsonDirector
Tony J ThomasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$45,736
Program Service Revenue
$69,633
Investment Income
$6,240
Other Revenue
$138
All Other Contributions
$45,736
Change in Net Assets
$-17,769
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$52,262
Salaries, Compensation, and Employee Benefits$45,392
Other Expenses$41,862
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$52,262--$52,262
Other Salaries and Wages$31,659$10,553-$42,212
Fees for Services Accounting$16,223$5,408-$21,631
Payroll Taxes$2,385$795-$3,180
Office Expenses$2,314$771-$3,085
Insurance$1,421$474-$1,895
Other Expenses$659$220-$879
Fees for Services Other$637$213-$850
All Other Expenses$572$191-$763
Advertising$567$189-$756
Depreciation Depletion$341$114-$455
Total Functional Expenses$117,700$21,816$0$139,516
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
Tax Withheld$901
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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 treasurer will review the 990 and at his/her discretion will submit the full form to the full governing board.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Lincoln County Rotary Student
EIN
56-2071604
Phone
7047320867
Address
PO BOX 682, LINCOLNTON, NC 28093-0682

Signing Officer

Name
Tony J Thomas
Title
Treasurer
Phone
8284554894
Signed
2026-01-21

Organization Details

Principal Officer
Tony J Thomas
Formed
1994
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
0
Employees
1

Preparer

Firm
Huggins & Company CPA Pa
Address
6148 BROOKSHIRE BLVD STE D, CHARLOTTE, NC 28216-2426
Preparer
Kermit K Bolick CPA
Phone
7043942364
Supplemental Narrative

Additional Explanations

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

Providing low cost loans to eligible students for their higher education

Form 990, Part XI, Line 9

-2,365

Raw XML Appendix372 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.

Path#Value
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IRS990/AllOtherExpensesGrp/TotalAmt0763
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IRS990/BooksInCareOfDetail/PhoneNum09802419690
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IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028092
IRS990/BusinessRlnWith35CtrlEntInd0false
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IRS990/CashNonInterestBearingGrp/BOYAmt0129010
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/PersonNm2KELLY ATKINS
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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROVIDING LOW COST LOANS TO ELIGIBLE STUDENTS FOR THEIR HIGHER EDUCATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TREASURER WILL REVIEW THE 990 AND AT HIS/HER DISCRETION WILL SUBMIT THE FULL FORM TO THE FULL GOVERNING BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3-2,365
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0121747
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IRS990/WebsiteAddressTxt0WWW.ROTARYLINC.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY J THOMAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08284554894
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-01-21
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LINCOLN COUNTY ROTARY STUDENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0LOAN FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0LINC
ReturnHeader/Filer/EIN0562071604
ReturnHeader/Filer/PhoneNum07047320867
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 682
ReturnHeader/Filer/USAddress/CityNm0LINCOLNTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd0280930682
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561529205
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HUGGINS & COMPANY CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06148 BROOKSHIRE BLVD STE D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHARLOTTE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0282162426
ReturnHeader/PreparerPersonGrp/PhoneNum07043942364
ReturnHeader/PreparerPersonGrp/PreparationDt02026-01-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KERMIT K BOLICK CPA
ReturnHeader/ReturnTs02026-01-22T13:29:28-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

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