Rowan Idea Center Foundation
- Assets
- $954.0
- Revenue
- $12.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Salisbury, NC
- Founding
- 10/1998
- Data as of
- 12/2023
- EIN
- 56-2024652
Organization Overview
Rowan Idea Center Foundation is located in Salisbury, NC. The organization was established in 1998. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rowan Idea Center Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Rowan Idea Center Foundation generated $12.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 58.9% each year . All expenses for the organization totaled $35.0k during the year ending 12/2023. While expenses have increased by 48.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION BRIDGES GAPS BETWEEN GOVERNMENT, PRIVATE AND EDUCATIONAL INSTITUTIONS AS THE LEADING EFFORT TO SUPPORT NEW VENTURES AND SMALL BUSINESSES IN ROWAN COUNTY THROUGH HOSTING VARIOUS EDUCATIONAL PROGRAMMING AND WORKSHOPS FEATURING PROMINENT GUEST SPEAKERS AND LEADERS IN THE COMMUNITY WITH TOPICS RELEVANT TO LOCAL ENTREPRENEURS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Walser President | 0 | $0 | |
Michael Wetzel Vice Preside | 0 | $0 | |
Marney Hendrick Treasurer | 0 | $0 | |
Elaine Spalding Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,500 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,500 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $73 |
| Total operating and administrative expenses | $35,023 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $35,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $954 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $954 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |