Civic Intelligence

Roane State Community College Foundation

990 • Fiscal year 2023 • EIN 58-1413034

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 16, 2023

276 Patton LaneHarriman, TN 37748

(865) 882-4507

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

11th percentile

0.02x

Higher debt load relative to revenue than 11% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

90th percentile

51%

Higher net margin than 90% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

63rd percentile

$221,962

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 7.8% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-43%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$22,768,665

Flat from 2023

Net Assets

Flat

$22,721,440

Flat from 2023

Liabilities

Flat

$47,225

Flat from 2023

Revenue

Flat

$2,828,189

Flat from 2023

Expenses

Flat

$1,389,283

Flat from 2023

Net Income

Flat

$1,438,906

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $11,014,818Liabilities 2011: $23,722Net Assets 2011: $10,991,0962011Assets 2012: $10,762,093Liabilities 2012: $39,421Net Assets 2012: $10,722,6722012Assets 2013: $10,114,279Liabilities 2013: $92,653Net Assets 2013: $10,021,6262013Assets 2014: $10,828,000Liabilities 2014: $90,801Net Assets 2014: $10,737,1992014Assets 2015: $10,954,890Liabilities 2015: $159,543Net Assets 2015: $10,795,3472015Assets 2016: $12,085,083Liabilities 2016: $147,629Net Assets 2016: $11,937,4542016Assets 2017: $13,083,024Liabilities 2017: $138,520Net Assets 2017: $12,944,5042017Assets 2018: $13,818,658Liabilities 2018: $177,333Net Assets 2018: $13,641,3252018Assets 2019: $14,652,287Liabilities 2019: $38,738Net Assets 2019: $14,613,5492019Assets 2020: $15,278,821Liabilities 2020: $36,967Net Assets 2020: $15,241,8542020Assets 2021: $19,817,104Liabilities 2021: $28,737Net Assets 2021: $19,788,3672021Assets 2022: $19,542,294Liabilities 2022: $8,543Net Assets 2022: $19,533,7512022Assets 2023: $22,768,665Liabilities 2023: $47,225Net Assets 2023: $22,721,4402023Assets 2023: $22,768,665Liabilities 2023: $47,225Net Assets 2023: $22,721,4402023Assets 2024: $28,852,160Liabilities 2024: $19,305Net Assets 2024: $28,832,8552024Assets 2025: $34,395,570Liabilities 2025: $22,441Net Assets 2025: $34,373,1292025

Highlighted filing

2023

Assets$22,768,665
Liabilities$47,225
Net Assets$22,721,440

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $936,961Expenses 2011: $643,489Net Income 2011: $293,4722011Revenue 2012: $957,325Expenses 2012: $974,574Net Income 2012: -$17,2492012Revenue 2013: $1,666,078Expenses 2013: $2,988,207Net Income 2013: -$1,322,1292013Revenue 2014: $1,477,921Expenses 2014: $1,382,462Net Income 2014: $95,4592014Revenue 2015: $1,278,284Expenses 2015: $883,925Net Income 2015: $394,3592015Revenue 2016: $3,102,069Expenses 2016: $835,021Net Income 2016: $2,267,0482016Revenue 2017: $1,443,591Expenses 2017: $984,766Net Income 2017: $458,8252017Revenue 2018: $2,448,258Expenses 2018: $961,638Net Income 2018: $1,486,6202018Revenue 2019: $1,590,564Expenses 2019: $1,008,635Net Income 2019: $581,9292019Revenue 2020: $1,189,632Expenses 2020: $1,228,604Net Income 2020: -$38,9722020Revenue 2021: $3,722,358Expenses 2021: $1,118,741Net Income 2021: $2,603,6172021Revenue 2022: $4,932,388Expenses 2022: $1,434,971Net Income 2022: $3,497,4172022Revenue 2023: $2,828,189Expenses 2023: $1,389,283Net Income 2023: $1,438,9062023Revenue 2023: $2,828,189Expenses 2023: $1,389,283Net Income 2023: $1,438,9062023Revenue 2024: $5,586,034Expenses 2024: $1,716,360Net Income 2024: $3,869,6742024Revenue 2025: $6,874,358Expenses 2025: $2,054,085Net Income 2025: $4,820,2732025

Highlighted filing

2023

Revenue$2,828,189
Expenses$1,389,283
Net Income$1,438,906
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 16, 2023
Return Version
2022v5.0
Gross Receipts
$22,881,965
Mission and Program Overview

Mission

Mobile resources and partnerships to enable roane state community college to be the premier learning institution that transforms lives, strengthtns community, and inspires individuals to excellence in our service area by developing friends and securing financial support for the college.

The mission of the roane state foundation is to maintain and enhance the quality of life, including economic development, in roane state's service area by developing friends and raising funds for the support of educational, cultural, and service goals of roane state community college. The foundation assists the entire college family in promoting excellence for this institution by securing financial support for educational, cultural, and economic development activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,303,427$19,948,280▲ $3,644,853
Savings and Temporary Cash Investments$2,490,422$1,896,819▼ $593,603
Land, Buildings, and Equipment, Net$540,300$540,300→ $0
Pledges and Grants Receivable$163,546$339,461▲ $175,915
Total Assets$19,542,294$22,768,665▲ $3,226,371
Other Assets Total$44,599$43,805▼ $794
Liabilities
Accounts Payable and Accrued Expenses-$24,091-
Other Liabilities$8,543$23,134▲ $14,591
Total Liabilities$8,543$47,225▲ $38,682
Net Assets / Fund Balance
Net Assets With Donor Restrictions$18,283,388$21,580,549▲ $3,297,161
Net Assets Without Donor Restrictions$1,250,363$1,140,891▼ $109,472
Total Net Assets Fund Balance$19,533,751$22,721,440▲ $3,187,689
Total Liabilities and Net Assets / Fund Balance$19,542,294$22,768,665▲ $3,226,371

Asset Categories

AssetBook ValueDepreciationBasis
Land$540,300-$540,300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$15,410,205$1,096,633▲ $1,384,798$-54,832$17,584,284
2021$15,365,584$2,564,463▼ $1,955,405$-295,562$15,410,205
2020$11,516,643$1,147,823▲ $2,782,903$32,995$15,365,584
2019$10,889,780$273,582▲ $463,216$4,139$11,516,643
2018$10,212,428$226,451▲ $575,679$-6,909$10,889,780
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Dr Chris WhaleyRscc Preside-$221,962$221,962
Scott NiermannExecutive DiFT$83,255$83,255
William FuquaDirector-$8,475$8,475

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Johnson Grossnickle And AssociatesConsulting29 S PARK BLVD, Greenwood, IN 46143$103,688
Revenue and Support

Revenue Composition

Contributions and Grants
$2,932,031
Program Service Revenue
$0
Investment Income
$-88,729
Other Revenue
$-15,113
All Other Contributions
$2,932,031
Change in Net Assets
$1,438,906

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
Other Non Cash Contri Table1$351,269Actual Dollar Value
Other Non Cash Contri Table1$63,353Ebay Comparable
Other Non Cash Contri Table1$38,400Actual Dollar Value
Other Non Cash Contri Table13$1,172Actual Dollar Value
Total Noncash Contributions16$454,194-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$848,285
Grants and Similar Amounts Paid$540,998
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$540,998--$540,998
Other Expenses$38,400$162,900-$38,400
All Other Expenses$21,577--$21,577
Total Functional Expenses$1,226,383$162,900$0$1,389,283
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
Charitable Gift Annuities$23,134
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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

Governance Explanations

Form 990, Page 6, Part VI, Line 9

Dr. Chris whaley scott niermann 276 patton lane harriman, tn 37748 dr. Julian ahler phil andrews mike baker mike belbeck david bradshaw claudia caballero suzanne jones clay tiffany eskridge joy goldberg dr. Phillip hall sean hensley william fuqua paul phillips bryant johnson ted wampler jr dr. Jim kerley rhonda longmire oscar perron dana peterka dr. Shirley raines mary ann reeves patricia row barry stephenson michael swain james wilson leigha witt justice

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

Form 990 is prepared by an outstide cpa firm and sent to the executive director and foundation audit commitee for review prior to submission.

Form 990, Page 6, Part VI, Line 12C

The members of the board of directors' are required to complete a conflict of interest statement at the annual meeting. This statement is reviewed and signed annually and any changes necessary are made and the forms are signed and dated.

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

A salary equity committee of the college reviews the recommendations of an outside vendor, performance point, who provides comparable salary data, for all positions. Salary is calculated based upon the position grade level including years of experience and education.

Form 990, Page 6, Part VI, Line 19

Foundation documents are available to be viewed at the foundation office upon request. The annual 990 is also posted on guidestar.org website. The semi-annual audited financial statements are posted on the state of tennessee comptroller's website.

Filing and Contact Details

Filer

Filer Name
Roane State Foundation
EIN
58-1413034
Phone
8658824507
Address
276 PATTON LANE, HARRIMAN, TN 37748

Signing Officer

Name
Scott Niermann
Title
Executive Director
Phone
8653543000
Signed
2023-11-16

Organization Details

Principal Officer
Scott Niermann
Formed
1979
Legal Domicile
Tn
Voting Board Members
27
Independent Board Members
27
Employees
0
Volunteers
27

Preparer

Firm
Warrenjackson Cpas Pllc
Address
606 S MAIN STE C, SWEETWATER, TN 37874-2731
Preparer
Robert S Tallent CPA
Phone
4233375003
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the roane state foundation is to maintain and enhance the quality of life, including economic development, in roane state's service area by developing friends and raising funds for the support of educational, cultural, and service goals of roane state community college. The foundation assists the entire college family in promoting excellence for this institution by securing financial support for educational, cultural, and economic development activities.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

Endowment funds are invested and the earnings on endowment funds are used to provide student scholarships, faculty professional development, and support for the roane state community college campuses.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0RSCC PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt1EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16PAST CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22PARLIMENTARI
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt26HISTORIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt27INVESTMENT C
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IRS990/MissionDesc0THE MISSION OF THE ROANE STATE FOUNDATION IS TO MAINTAIN AND ENHANCE THE QUALITY OF LIFE, INCLUDING ECONOMIC DEVELOPMENT, IN ROANE STATE'S SERVICE AREA BY DEVELOPING FRIENDS AND RAISING FUNDS FOR THE SUPPORT OF EDUCATIONAL, CULTURAL, AND SERVICE GOALS OF ROANE STATE COMMUNITY COLLEGE. THE FOUNDATION ASSISTS THE ENTIRE COLLEGE FAMILY IN PROMOTING EXCELLENCE FOR THIS INSTITUTION BY SECURING FINANCIAL SUPPORT FOR EDUCATIONAL, CULTURAL, AND ECONOMIC DEVELOPMENT ACTIVITIES.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.4$0.02$34.4$6.87$2.05$4.82
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.9$0.02$28.8$5.59$1.72$3.87
2023Detailed filing. Detailed filing data is available for this year.$22.8$0.05$22.7$2.83$1.39$1.44
2023Summary only. Only limited summary data is available for this year.$22.8$0.05$22.7$2.83$1.39$1.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.5$0.01$19.5$4.93$1.43$3.50
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.8$0.03$19.8$3.72$1.12$2.60
2020Summary only. Only limited summary data is available for this year.$15.3$0.04$15.2$1.19$1.23$0.04
2019Summary only. Only limited summary data is available for this year.$14.7$0.04$14.6$1.59$1.01$0.58
2018Summary only. Only limited summary data is available for this year.$13.8$0.18$13.6$2.45$0.96$1.49
2017Summary only. Only limited summary data is available for this year.$13.1$0.14$12.9$1.44$0.98$0.46
2016Summary only. Only limited summary data is available for this year.$12.1$0.15$11.9$3.10$0.84$2.27
2015Summary only. Only limited summary data is available for this year.$11.0$0.16$10.8$1.28$0.88$0.39
2014Summary only. Only limited summary data is available for this year.$10.8$0.09$10.7$1.48$1.38$0.10
2013Summary only. Only limited summary data is available for this year.$10.1$0.09$10.0$1.67$2.99$1.32
2012Summary only. Only limited summary data is available for this year.$10.8$0.04$10.7$0.96$0.97$0.02
2011Summary only. Only limited summary data is available for this year.$11.0$0.02$11.0$0.94$0.64$0.29