Civic Intelligence

Robert & Janice Mcnair Educational Foundation

990 • Fiscal year 2020 • EIN 58-1870080

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 28, 2021

Organization Profilewww.mcnairedfoundation.org
109 N Post Oak Lane Suite 600Houston, TX 77024

(828) 245-4339

Siviq Scores

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

Liabilities / Assets

11th percentile

0.00x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

9th percentile

0.01x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

95th percentile

68%

Higher net margin than 95% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

39th percentile

$145,447

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

1st percentile

-45%

Faster asset growth than 1% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

85th percentile

35%

Faster revenue growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets11th percentile

Assets

Down

$17,687,037

Down $14,679,447 (-45%) from 2019

Net Assets

Down

$17,602,641

Down $13,928,232 (-44%) from 2019

Liabilities

Down

$84,396

Down $751,215 (-90%) from 2019

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin95th percentile

Revenue

Up

$6,338,132

Up $1,644,870 (+35%) from 2019

Expenses

Down

$1,998,555

Down $506,357 (-20%) from 2019

Net Income

Up

$4,339,577

Up $2,151,227 (+98%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$60M$40M$20M$0Assets 2011: $15,716,056Liabilities 2011: $58,889Net Assets 2011: $15,657,1672011Assets 2012: $15,840,322Liabilities 2012: $60,903Net Assets 2012: $15,779,4192012Assets 2013: $19,060,397Liabilities 2013: $87,042Net Assets 2013: $18,973,3552013Assets 2014: $23,245,402Liabilities 2014: $117,735Net Assets 2014: $23,127,6672014Assets 2015: $24,527,630Liabilities 2015: $118,385Net Assets 2015: $24,409,2452015Assets 2016: $23,948,377Liabilities 2016: $23,367Net Assets 2016: $23,925,0102016Assets 2017: $27,530,652Liabilities 2017: $189,489Net Assets 2017: $27,341,1632017Assets 2018: $29,175,817Liabilities 2018: $513,868Net Assets 2018: $28,661,9492018Assets 2019: $32,366,484Liabilities 2019: $835,611Net Assets 2019: $31,530,8732019Assets 2020: $17,687,037Liabilities 2020: $84,396Net Assets 2020: $17,602,6412020Assets 2021: $41,092,266Liabilities 2021: $0Net Assets 2021: $41,092,2662021Assets 2022: $35,971,359Liabilities 2022: $0Net Assets 2022: $35,971,3592022Assets 2023: $37,548,851Liabilities 2023: $0Net Assets 2023: $37,548,8512023Assets 2024: $40,125,821Liabilities 2024: $0Net Assets 2024: $40,125,8212024

Highlighted filing

2020

Assets$17,687,037
Liabilities$84,396
Net Assets$17,602,641
Open 2020 Filing

Operations Trend

Revenue Growth85th percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $101,462Expenses 2011: $850,875Net Income 2011: -$749,4132011Revenue 2012: $451,069Expenses 2012: $991,301Net Income 2012: -$540,2322012Revenue 2013: $2,690,764Expenses 2013: $1,201,803Net Income 2013: $1,488,9612013Revenue 2014: $2,984,123Expenses 2014: $1,381,188Net Income 2014: $1,602,9352014Revenue 2015: $3,007,435Expenses 2015: $1,519,486Net Income 2015: $1,487,9492015Revenue 2016: $4,280,814Expenses 2016: $1,607,705Net Income 2016: $2,673,1092016Revenue 2017: $3,269,661Expenses 2017: $1,958,281Net Income 2017: $1,311,3802017Revenue 2018: $4,747,131Expenses 2018: $2,332,267Net Income 2018: $2,414,8642018Revenue 2019: $4,693,262Expenses 2019: $2,504,912Net Income 2019: $2,188,3502019Revenue 2020: $6,338,132Expenses 2020: $1,998,555Net Income 2020: $4,339,5772020Revenue 2021: $23,785,468Expenses 2021: $2,157,124Net Income 2021: $21,628,3442021Revenue 2022: $925,489Expenses 2022: $2,671,800Net Income 2022: -$1,746,3112022Revenue 2023: $2,099,644Expenses 2023: $3,068,345Net Income 2023: -$968,7012023Revenue 2024: $2,468,249Expenses 2024: $3,222,659Net Income 2024: -$754,4102024

Highlighted filing

2020

Revenue$6,338,132
Expenses$1,998,555
Net Income$4,339,577
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 28, 2021
Return Version
2019v5.1
Gross Receipts
$7,489,428
Mission and Program Overview

Mission

Educational assistance to rutherford county, nc students

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$25,393,890$22,593,448▼ $2,800,442
Investments in Publicly Traded Securities$29,229,113$16,751,396▼ $12,477,717
Savings and Temporary Cash Investments$2,988,471$762,780▼ $2,225,691
Cash and Non-Interest-Bearing Accounts$141,752$169,327▲ $27,575
Land, Buildings, and Equipment, Net$5,944$2,330▼ $3,614
Accounts Receivable$1,204$1,204→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Cap Stk Tr Prin Current Funds$6,136,983$-4,990,807▼ $11,127,790
Total Assets$32,366,484$17,687,037▼ $14,679,447
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$835,611$84,396▼ $751,215
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$835,611$84,396▼ $751,215
Net Assets / Fund Balance
Total Net Assets Fund Balance$31,530,873$17,602,641▼ $13,928,232
Total Liabilities and Net Assets / Fund Balance$32,366,484$17,687,037▼ $14,679,447

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$711$105,278$105,989
Other Land Buildings$1,619$39,016$40,635
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David M Sutton EddTrustee--$145,447$145,447
Monica LeeExecutive DirectorFT$119,700$23,888$143,588

Board Members and Trustees

NameTitle
John Condrey - Ending 92819Trustee, Chairman
Michael GavinTrustee, Chairman
Terry HinesTrustee, Vice Chairman
Janet Mason - Ending 83119Trustee
Janice S McnairTrustee
Kristi CooperTrustee
Buck PettyTrustee, Emeritus
Beth MillerTrustee, Secretary
Tripp FlackTrustee, Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,018,896
Program Service Revenue
$0
Investment Income
$2,316,944
Other Revenue
$2,292
All Other Contributions
$4,018,896
Change in Net Assets
$4,339,577

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded7$3,997,762Fair Market Value (FMV) at Contrib. Date
Total Noncash Contributions7$3,997,762-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$953,210
Other Expenses$529,145
Grants and Similar Amounts Paid$516,200
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$535,074$39,152-$574,226
Grants to Domestic Individuals$516,200--$516,200
Other Employee Benefits$173,068$12,663-$185,731
Current Officers, Directors, Trustees, and Key Employees$87,830$29,277-$117,107
Office Expenses-$83,035-$83,035
Conferences and Meetings$42,766$33,989-$76,755
Fees for Service Investment Mgmnt Fees-$68,176-$68,176
Payroll Taxes$44,436$3,251-$47,687
Pension Plan Contributions$26,519$1,940-$28,459
All Other Expenses$10,955$15,012-$25,967
Information Technology$17,942--$17,942
Travel$8,675--$8,675
Insurance-$5,120-$5,120
Depreciation Depletion-$3,614-$3,614
Other Expenses$2,250$325-$2,575
Total Functional Expenses$1,703,001$295,554$0$1,998,555
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
Yes
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

Part VI, Section A, Question 2

“Janice S. McNair & Kristi Cooper - business relationship”

Part VI, Section B, Question 11B

“The Robert and Janice McNair Educational Foundation prepares the Form 990 itself, under the direction of Debra W. Strait, Vice President of Tax at McNair Interests. The Executive Director, Monica Lee, reviews the Form 990 before filing. Additionally, it is reviewed by the outside accounting firm, Ernst and Young, LLP prior to filing.”

Part VI, Section B, Question 15A

“The Board of Trustees conducts the executive director's evaluation and compensation review & determination through the Success factors process. The process is by mutual agreement of the board of trustees and is completed annually by March 15.”

Part VI, Section C, Question 19

“The organization's governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Robert & Janice Mcnair Educational Foundation
EIN
58-1870080
In Care Of
% DEBRA W STRAIT
Phone
8282454339
Address
109 N Post Oak Lane Suite 600, HOUSTON, TX 77024

Signing Officer

Name
Monica P Lee
Title
Executive Director
Phone
8282454339
Signed
2021-04-28

Organization Details

Principal Officer
Monica Lee
Formed
1989
Legal Domicile
Nc
Voting Board Members
7
Independent Board Members
6
Employees
13
Volunteers
208

Preparer

Firm
Ernst & Young US Llp
Address
1101 NEW YORK AVE NY, WASHINGTON, DC 20005
Preparer
Amber Gazica
Phone
2023276000
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt02447205
IRS990/GrossReceiptsAmt07489428
IRS990/GrossSalesOfInventoryAmt00
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt017942
IRS990/InformationTechnologyGrp/TotalAmt017942
IRS990/InsuranceGrp/ManagementAndGeneralAmt05120
IRS990/InsuranceGrp/TotalAmt05120
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt01021035
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01021035
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt029229113
IRS990/InvestmentsPubTradedSecGrp/EOYAmt016751396
IRS990/IRPDocumentCnt07
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0144294
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05944
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02330
IRS990/LandBldgEquipCostOrOtherBssAmt0146624
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01151296
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0EDUCATIONAL ASSISTANCE TO RUTHERFORD COUNTY, NC STUDENTS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt031530873
IRS990/NetAssetsOrFundBalancesEOYAmt017602641
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01295909
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01295909
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-18267809
IRS990/NoncashContributionsAmt03997762
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt083035
IRS990/OfficeExpensesGrp/TotalAmt083035
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt012663
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0173068
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0185731
IRS990/OtherExpensesGrp/Desc0STUDENT COUNSELING & SUPPORT
IRS990/OtherExpensesGrp/Desc1JUMP START EXPENSE
IRS990/OtherExpensesGrp/Desc2OTHER PRE-HIGH SCHOOL PROGRAMS
IRS990/OtherExpensesGrp/Desc3DUES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0325
IRS990/OtherExpensesGrp/ProgramServicesAmt0113207
IRS990/OtherExpensesGrp/ProgramServicesAmt1108842
IRS990/OtherExpensesGrp/ProgramServicesAmt215237
IRS990/OtherExpensesGrp/ProgramServicesAmt32250
IRS990/OtherExpensesGrp/TotalAmt0113207
IRS990/OtherExpensesGrp/TotalAmt1108842
IRS990/OtherExpensesGrp/TotalAmt215237
IRS990/OtherExpensesGrp/TotalAmt32575
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt02292
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02292
IRS990/OtherRevenueTotalAmt02292
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039152
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0535074
IRS990/OtherSalariesAndWagesGrp/TotalAmt0574226
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03251
IRS990/PayrollTaxesGrp/ProgramServicesAmt044436
IRS990/PayrollTaxesGrp/TotalAmt047687
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01940
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt026519
IRS990/PensionPlanContributionsGrp/TotalAmt028459
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Monica Lee
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0PROVIDING AMOUNTS TO FUND PERSONNEL TO STAFF CAREER CENTERS FOR MIDDLE SCHOOL AND HIGH SCHOOL STUDENTS IN RUTHERFORD COUNTY, NC
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0108842
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDING VARIOUS SERVICES TO SCHOOLS IN RUTHERFORD COUNTY, NC INCLUDING MAINTENANCE OF A CAREER CENTER, TRAINING AND SUPPORT FOR VOLUNTEERS TO TUTOR STUDENTS, ASSISTANCE WITH FINANCIAL AID AND COLLEGE AND SCHOLARSHIP APPLICATIONS, AND FUNDING SPECIAL CLASSROOM PROJECTS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01077959
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03024767
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0959100
IRS990/PYInvestmentIncomeAmt01668043
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0649518
IRS990/PYOtherRevenueAmt0452
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02188350
IRS990/PYSalariesCompEmpBnftPaidAmt0896294
IRS990/PYTotalExpensesAmt02504912
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04693262
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt04339577
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt025393890
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt022593448
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02988471
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0762780
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0The Foundation works in partnership with Rutherford County Schools in Rutherford County NC. The Foundation provides college awareness, readiness and preparation activities for students of Rutherford County Schools to increase the number of students who graduate and enroll in a post-secondary institution. The Foundation also provides scholarships to students who meet college readiness criteria. The Superintendent is a trustee on the board of the Foundation and the Foundation's Executive Director works with administrative personnel to determine that the activities of the Foundation support the mission and goals of Rutherford County Schools. All activities of the Foundation are provided to students of Rutherford County Schools and take place on the campuses of Rutherford County Schools.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SEC D QUESTIONS 2 & 3 & SEC E, LINE 1C
IRS990ScheduleA/OtherSupportSumAmt01186330
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0566001107
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt01186330
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0513700
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0RUTHERFORD COUNTY NC SCHOOL DISTRICT
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt0513700

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,687,037
Liabilities
$84,396
Net assets
$17,602,641
Revenue
$6,338,132
Expenses
$1,998,555
Net income
$4,339,577
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$40.1$0.00$40.1$2.47$3.22$0.75
2023Detailed filing. Detailed filing data is available for this year.$37.5$0.00$37.5$2.10$3.07$0.97
2022Detailed filing. Detailed filing data is available for this year.$36.0$0.00$36.0$0.93$2.67$1.75
2021Detailed filing. Detailed filing data is available for this year.$41.1$0.00$41.1$23.8$2.16$21.6
2020Detailed filing. Detailed filing data is available for this year.$17.7$0.08$17.6$6.34$2.00$4.34
2019Detailed filing. Detailed filing data is available for this year.$32.4$0.84$31.5$4.69$2.50$2.19
2018Detailed filing. Detailed filing data is available for this year.$29.2$0.51$28.7$4.75$2.33$2.41
2017Summary only. Only limited summary data is available for this year.$27.5$0.19$27.3$3.27$1.96$1.31
2016Summary only. Only limited summary data is available for this year.$23.9$0.02$23.9$4.28$1.61$2.67
2015Summary only. Only limited summary data is available for this year.$24.5$0.12$24.4$3.01$1.52$1.49
2014Summary only. Only limited summary data is available for this year.$23.2$0.12$23.1$2.98$1.38$1.60
2013Summary only. Only limited summary data is available for this year.$19.1$0.09$19.0$2.69$1.20$1.49
2012Summary only. Only limited summary data is available for this year.$15.8$0.06$15.8$0.45$0.99$0.54
2011Summary only. Only limited summary data is available for this year.$15.7$0.06$15.7$0.10$0.85$0.75