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Randolph Technical College Foundation INC

Tax-deductible

Asheboro, NC501(c)(3)EIN 58-1384368Revenue $1.7M in FY2025

On file with the IRSrandolphccfoundation.org629 Industrial Park Ave, 27205-7333 · Asheboro, NCTax-exempt since Feb 1980Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 16 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $1.2M a year · 66% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $40K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 16 voting members
Looks good: 13 of 16 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.7M
+19% vs prior year
Spent
$892K
To programs
71%
Net assets
$17.1M
By yearFY2021–FY2025
Revenue
$1.7M
FY2025▲ +19%
Tap a bar for its year
Revenue by fiscal year
FY2021$3.1M
FY2022$1.9M
FY2023$1.3M
FY2024$1.4M
FY2025$1.7M
Expenses
$892K
FY2025▲ +36%
Tap a bar for its year
Expenses by fiscal year
FY2021$545K
FY2022$450K
FY2023$718K
FY2024$655K
FY2025$892K
Net assets
$17.1M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$14.6M
FY2022$13.6M
FY2023$14.4M
FY2024$16.0M
FY2025$17.1M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $633K Management & general 29% · $259K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Gail McDowell
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Shah Ardalan
Ex Officio Board Member - Nonvoting
$0Pt VII · Sec A
James Gouty
Board Member
$0Pt VII · Sec A
Robert Graves
Vice President
$0Pt VII · Sec A
Neal Griffin III
Board Member
$0Pt VII · Sec A
Baxter Hammer
Board Member
$0Pt VII · Sec A
See Randolph Technical College Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds community support and manages donations to fund college programs and enhance educational excellence.

Questions for Randolph Technical College Foundation INC

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Provided by the organization

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2 programs · $633K · in their own filed words · FY2024
01

Grants made directly to RCC for student scholarships, program support, and other college activities.

$619Kprogram expense
02

Grants made to vendors to support rcc(emergency grants to students, student leadership academy, employee appreciation), program support and other college activities.

$14Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Education Design LabFY2025$40K
Total grants receivedfrom 1 funder$40K
Grants paid · 6 grants · $2.2M · 2020–2024
Randolph County Community CollegeFY2024$562,672
Randolph County Community CollegeFY2023$490,317
Randolph Community CollegeFY2022$375,486
Randolph Community CollegeFY2022$375,486
Randolph Community CollegeFY2021$155,147
Randolph Community CollegeFY2020$235,253

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.7M
Ln 12
Investment incomeLn 3$1.3M
Gifts and grantsLn 1h$425K
Money outPt IX
$892K
Ln 25
Programscol B$633K
Managementcol C$259K
Owns and owesPt X
$17.1M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$17.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a16
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$425K
Investment incomeLn 3$1.3M
Gains on assetsLn 7$241K
Total revenueLn 12$1.7M
Assets in detailPt X, end of year
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$15.5M
Other assetsLn 15$51K
Total assetsLn 16$17.1M
LiabilitiesLn 26$0
Net assetsLn 32$17.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 616
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$1.1M$1.5M
InvestmentsLn 11–13$14.6M$15.5M
Total assetsLn 16$16.1M$17.1M
LiabilitiesLn 26$3K$0
Net assetsLn 32$16.0M$17.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$633K$633K
Accounting feesLn 11c$12K$12K
Investment management feesLn 11f$40K$40K
Advertising and promotionLn 12$16K$16K
Office expensesLn 13$1K$1K
Conferences, conventions and meetingsLn 19$12K$12K
Other expenses (24a–d)Ln 24$177K$177K
Total functional expensesLn 25$892K$633K$259K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.7M$892K$815K$17.1M 990 PDF
FY2024 $1.4M$655K$779K$16.0M 990 PDF
FY2023 $1.3M$718K$631K$14.4M 990 PDF
FY2022 $1.9M$450K$1.5M$13.6M 990 PDF
FY2021 $3.1M$545K$2.5M$14.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $1,706,371 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $735,531$425,269
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $698,573$1,281,102
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,434,104$1,706,371
I-13 Grants and similar amounts paidPrior year $397,317$632,672
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $257,723$258,943
I-18 Total expensesPrior year $655,040$891,615
I-19 Revenue less expensesPrior year $779,064$814,756
Part VI · Governance 13 of 16 board members independent, 1 to look at
VI-1a Voting members of the governing body16
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,706,371 across 5 lines filed
VIII-1f All other contributions, gifts and grants$425,269
VIII-1h Total contributions, gifts and grants$425,269
VIII-3 Investment incomeExcluded from tax $1,039,769$1,039,769
VIII-7 Net gain or loss on sales of assetsExcluded from tax $241,333$241,333
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,281,102$1,706,371
Part IX · Statement of functional expenses $891,615 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $632,672$632,672
IX-11c Accounting feesManagement $12,000$12,000
IX-11f Investment management feesManagement $39,714$39,714
IX-12 Advertising and promotionManagement $16,500$16,500
IX-13 Office expensesManagement $1,101$1,101
IX-19 Conferences, conventions and meetingsManagement $12,181$12,181
IX-24 Other expenses (24a–d)Management $177,447$177,447
IX-25 Total functional expensesPrograms $632,672 · Management $258,943 · Fundraising $0$891,615
Part X · Balance sheet $17,102,967 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,084,088$1,537,689
X-4 Accounts receivableStart of year $300,617$5,460
X-9 Prepaid expenses and deferred chargesStart of year $11,453$7,523
X-11 Publicly traded securitiesStart of year $14,605,319$15,500,903
X-15 Other assetsStart of year $51,392$51,392
X-16 Total assetsStart of year $16,052,869$17,102,967
X-17 Accounts payable and accrued expensesStart of year $2,920$0
X-26 Total liabilitiesStart of year $2,920$0
X-27 Net assets without donor restrictionsStart of year $2,451,875$2,756,765
X-28 Net assets with donor restrictionsStart of year $13,598,074$14,346,202
X-32 Total net assets or fund balancesStart of year $16,049,949$17,102,967
X-33 Total liabilities and net assetsStart of year $16,052,869$17,102,967
Part XI · Reconciliation of net assets $17,102,967 net assets at year end
XI-1 Total revenue$1,706,371
XI-2 Total expenses$891,615
XI-3 Revenue less expenses$814,756
XI-4 Net assets at start of year$16,049,949
XI-5 Net unrealized gains (losses) on investments$238,262
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$17,102,967

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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