Civic Intelligence

Randolph Community College Foundation Inc

EIN 58-1384368 • 501(c)3 • Asheboro, NC

Profile

The Randolph Community College Foundation is a non profit organization that provides a margin of excellence for Randolph Community College by building a strong relationship with the local community, acquiring and managing contributions, and funding activities which support the College.

629 Industrial Park AvenueAsheboro, NC 27205

www.randolphccfoundation.org

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

7th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

88th percentile

48%

Higher net margin than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2025

Asset Growth

57th percentile

6.5%

Faster asset growth than 57% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

69th percentile

19%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$17,102,967

Up $1,050,098 (+6.5%) from 2024

Liabilities

Down

$0

Down $2,920 (-100%) from 2024

Net Assets

Up

$17,102,967

Up $1,053,018 (+6.6%) from 2024

Operations
Liabilities / Revenue7th percentileNet Margin88th percentile

Revenue

Up

$1,706,371

Up $272,267 (+19%) from 2024

Expenses

Up

$891,615

Up $236,575 (+36%) from 2024

Net Income

Up

$814,756

Up $35,692 (+4.6%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth57th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $8,941,330Liabilities 2011: $12,807Net Assets 2011: $8,928,5232011Assets 2012: $8,650,176Liabilities 2012: $2,497Net Assets 2012: $8,647,6792012Assets 2013: $9,087,221Liabilities 2013: $1,253Net Assets 2013: $9,085,9682013Assets 2014: $10,043,412Liabilities 2014: $4,389Net Assets 2014: $10,039,0232014Assets 2015: $9,813,468Liabilities 2015: $5,921Net Assets 2015: $9,807,5472015Assets 2016: $9,904,687Liabilities 2016: $2,592Net Assets 2016: $9,902,0952016Assets 2017: $11,559,484Liabilities 2017: $46,331Net Assets 2017: $11,513,1532017Assets 2018: $12,034,310Liabilities 2018: $861Net Assets 2018: $12,033,4492018Assets 2019: $12,552,860Liabilities 2019: $6,906Net Assets 2019: $12,545,9542019Assets 2020: $12,142,159Liabilities 2020: $1,400Net Assets 2020: $12,140,7592020Assets 2021: $14,649,979Liabilities 2021: $1,348Net Assets 2021: $14,648,6312021Assets 2022: $13,558,157Liabilities 2022: $2,394Net Assets 2022: $13,555,7632022Assets 2023: $14,368,073Liabilities 2023: $160Net Assets 2023: $14,367,9132023Assets 2024: $16,052,869Liabilities 2024: $2,920Net Assets 2024: $16,049,9492024Assets 2025: $17,102,967Liabilities 2025: $0Net Assets 2025: $17,102,9672025

Highlighted filing

2025

Assets$17,102,967
Liabilities$0
Net Assets$17,102,967
Open 2025 Filing

Operations Trend

Revenue Growth69th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,110,703Expenses 2011: $623,038Net Income 2011: $487,6652011Revenue 2012: $539,615Expenses 2012: $820,459Net Income 2012: -$280,8442012Revenue 2013: $979,590Expenses 2013: $541,301Net Income 2013: $438,2892013Revenue 2014: $1,481,528Expenses 2014: $528,473Net Income 2014: $953,0552014Revenue 2015: $589,635Expenses 2015: $821,111Net Income 2015: -$231,4762015Revenue 2016: $771,272Expenses 2016: $676,724Net Income 2016: $94,5482016Revenue 2017: $2,362,709Expenses 2017: $751,651Net Income 2017: $1,611,0582017Revenue 2018: $1,073,358Expenses 2018: $553,062Net Income 2018: $520,2962018Revenue 2019: $1,261,093Expenses 2019: $748,588Net Income 2019: $512,5052019Revenue 2020: $475,501Expenses 2020: $880,696Net Income 2020: -$405,1952020Revenue 2021: $3,052,501Expenses 2021: $544,629Net Income 2021: $2,507,8722021Revenue 2022: $1,920,462Expenses 2022: $450,143Net Income 2022: $1,470,3192022Revenue 2023: $1,349,084Expenses 2023: $718,078Net Income 2023: $631,0062023Revenue 2024: $1,434,104Expenses 2024: $655,040Net Income 2024: $779,0642024Revenue 2025: $1,706,371Expenses 2025: $891,615Net Income 2025: $814,7562025

Highlighted filing

2025

Revenue$1,706,371
Expenses$891,615
Net Income$814,756
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,102,967
Liabilities
$0
Net assets
$17,102,967
Revenue
$1,706,371
Expenses
$891,615
Net income
$814,756
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.1$0.00$17.1$1.71$0.89$0.81
2024Detailed filing. Detailed filing data is available for this year.$16.1$0.00$16.0$1.43$0.66$0.78
2023Detailed filing. Detailed filing data is available for this year.$14.4$0.00$14.4$1.35$0.72$0.63
2022Detailed filing. Detailed filing data is available for this year.$13.6$0.00$13.6$1.92$0.45$1.47
2021Detailed filing. Detailed filing data is available for this year.$14.6$0.00$14.6$3.05$0.54$2.51
2020Detailed filing. Detailed filing data is available for this year.$12.1$0.00$12.1$0.48$0.88$0.41
2019Summary only. Only limited summary data is available for this year.$12.6$0.01$12.5$1.26$0.75$0.51
2018Summary only. Only limited summary data is available for this year.$12.0$0.00$12.0$1.07$0.55$0.52
2017Summary only. Only limited summary data is available for this year.$11.6$0.05$11.5$2.36$0.75$1.61
2016Summary only. Only limited summary data is available for this year.$9.90$0.00$9.90$0.77$0.68$0.09
2015Summary only. Only limited summary data is available for this year.$9.81$0.01$9.81$0.59$0.82$0.23
2014Summary only. Only limited summary data is available for this year.$10.0$0.00$10.0$1.48$0.53$0.95
2013Summary only. Only limited summary data is available for this year.$9.09$0.00$9.09$0.98$0.54$0.44
2012Summary only. Only limited summary data is available for this year.$8.65$0.00$8.65$0.54$0.82$0.28
2011Summary only. Only limited summary data is available for this year.$8.94$0.01$8.93$1.11$0.62$0.49
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 10, 2025
Return Version
2024v5.2
Gross Receipts
$5,813,428
Mission and Program Overview

Mission

The Randolph Community College Foundation is a non profit organization that provides a margin of excellence for Randolph Community College by building a strong relationship with the local community, acquiring and managing contributions, and funding activities which support the College.

The randolph community college foundation is a non profit organization that provides a margin of exellence for randolph community college by building a strong relationship with the local community, aquiring and managing contributions, and funding activities which support the college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$14,605,319$15,500,903▲ $895,584
Savings and Temporary Cash Investments$1,084,088$1,537,689▲ $453,601
Prepaid Expenses and Deferred Charges$11,453$7,523▼ $3,930
Accounts Receivable$300,617$5,460▼ $295,157
Total Assets$16,052,869$17,102,967▲ $1,050,098
Other Assets Total$51,392$51,392→ $0
Liabilities
Accounts Payable and Accrued Expenses$2,920$0▼ $2,920
Total Liabilities$2,920$0▼ $2,920
Net Assets / Fund Balance
Net Assets With Donor Restrictions$13,598,074$14,346,202▲ $748,128
Net Assets Without Donor Restrictions$2,451,875$2,756,765▲ $304,890
Total Net Assets Fund Balance$16,049,949$17,102,967▲ $1,053,018
Total Liabilities and Net Assets / Fund Balance$16,052,869$17,102,967▲ $1,050,098

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$12,399,085$123,897▲ $866,360$102,245$13,139,166
2023$11,496,681$267,005▲ $847,518$37,600$12,399,085
2022$10,808,339$174,057▲ $763,115$67,206$11,496,681
2021$11,873,915$102,730▼ $791,064$210,003$10,808,339
2020$9,771,654$151,473▲ $2,294,375$205,386$11,873,915
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Vickie H GallimorePresident
Robert GravesVice President
Ann HooverBoard Member
Baxter HammerBoard Member
Dale LambertBoard Member
Dean SextonBoard Member
Debi LagueruelaBoard Member
Dr Cynthia G SchroderBoard Member
Gail McdowellBoard Member
James GoutyBoard Member
Jonathan BrubakerBoard Member
Justin M LeeBoard Member
Mini SinghBoard Member
Neal Griffin IiiBoard Member
Nicki Mckenzie HillBoard Member
Reynolds LiskBoard Member
Shah ArdalanEx Officio Board Member - Nonvoting
Linda BrownExecutive Director-nonvoting
Rebecca MarshallSecretary - Nonvoting
Richard WeldonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$425,269
Program Service Revenue
$0
Investment Income
$1,281,102
Other Revenue
$0
All Other Contributions
$425,269
Change in Net Assets
$814,756

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,706,371
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$238,262
Total Revenue per Audited Statements
$1,944,633
Total Revenue per Form 990
$1,706,371
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$632,672
Other Expenses$258,943
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$632,672--$632,672
Fees for Service Investment Mgmnt Fees-$39,714-$39,714
Advertising-$16,500-$16,500
Other Expenses-$13,749-$13,749
Conferences and Meetings-$12,181-$12,181
Fees for Services Accounting-$12,000-$12,000
Office Expenses-$1,101-$1,101
Total Functional Expenses$632,672$258,943$0$891,615

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$891,615
Total Expenses per Audited Statements$891,615
Total Expenses per Form 990$891,615
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Randolph County Community CollegeAsheboro, NC-Scholarships/support$562,672
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Neal GriffinFoundation DirectorAsset Management FeesNo$39,714
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
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
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, Part VI, Section B, Line 11B

“The investment/planned giving committee of the rcc foundation has been given authority, per bylaws, to review and approve the 990, due to the expertise of the directors comprising this committee. The entire board of directors also receives a copy for review.”

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

“The foundation's executive director collects and reviews conflict of interest statements form directors and staff annually.”

Form 990, Part VI, Section B, Line 15B

“The organization does not compensate a ceo, executive director, top management offical,officer, or key employee. The college hires employees who work on foundation matters and the college sets salaries.”

Form 990, Part VI, Section C, Line 18

“Cathy biby, 629 industrial park avenue, asheboro, nc 27205 (336)633-0290”

Form 990, Part VI, Section C, Line 19

“The foundation provides its policies, governing documents and audited financial statements upon request.”

Filing and Contact Details

Filer

Filer Name
Randolph Community College
EIN
58-1384368
Phone
3366330295
Address
629 INDUSTRIAL PARK AVENUE, ASHEBORO, NC 27205

Signing Officer

Name
Richard Weldon
Title
Treasurer
Phone
3366330295
Signed
2025-12-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Weldon
Formed
1979
Legal Domicile
Nc
Voting Board Members
16
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Costello Hill & Company Llp
Address
1112 MAGNOLIA STREET, GREENSBORO, NC 27401-1426
Preparer
W Gregory Ashley
Phone
3362743281
Supplemental Narrative

Financial Statement Notes

PARTV, LINE 4:

“Part v, line 4: educational support through program support/grants/scholarships and operting expenses”

Raw XML AppendixShowing 400 of 533 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/AccountsReceivableGrp/EOYAmt05460
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IRS990/ActivityOrMissionDesc0THE RANDOLPH COMMUNITY COLLEGE FOUNDATION IS A NON PROFIT ORGANIZATION THAT PROVIDES A MARGIN OF EXELLENCE FOR RANDOLPH COMMUNITY COLLEGE BY BUILDING A STRONG RELATIONSHIP WITH THE LOCAL COMMUNITY, AQUIRING AND MANAGING CONTRIBUTIONS, AND FUNDING ACTIVITIES WHICH SUPPORT THE COLLEGE.
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IRS990/Form990PartVIISectionAGrp/PersonNm1VICKIE H GALLIMORE
IRS990/Form990PartVIISectionAGrp/PersonNm2RICHARD WELDON
IRS990/Form990PartVIISectionAGrp/PersonNm3SHAH ARDALAN
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