Roane State Community College Foundation
- Assets
- $19.5m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Harriman, TN
- Founding
- 01/1981
- Data as of
- 06/2022
- EIN
- 58-1413034
Organization Overview
Roane State Community College Foundation is located in Harriman, TN. The organization was established in 1981. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roane State Community College 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 06/2022, Roane State Community College Foundation generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $1.4m during the year ending 06/2022. While expenses have increased by 7.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ROANE STATE COMMUNITY COLLEGE STUDENTS WITH SCHOLARSHIPS FOR THE 2021-2022 ACADEMIC YEAR.
SUPPORTED ROANE STATE COLLEGE WITH PAYMENT TO OR ON BEHALF OF THE COLLEGE IN SUPPORT OF CAMPUS PROJECTS AND ACTIVITIES TO BENEFIT STUDENTS, INCLUDING TRANSFER OF IN-KIND GIFTS.
SUPPORTED ROANE STATE COLLEGE WITH PAYMENTS TO OR ON BEHALF OF THE COLLEGE TO PROVIDE FACULTY DEVELOPMENT AND AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joy Goldberg Secretary | OfficerTrustee | 0.5 | $0 |
Suzanne Jones Clay Treasurer | OfficerTrustee | 1 | $0 |
Rhonda Longmire Vice Chairma | OfficerTrustee | 0.5 | $0 |
Dr Shirley Raines Parlimentari | OfficerTrustee | 0.5 | $0 |
Barry Stephenson Chairman | OfficerTrustee | 0.5 | $0 |
Leigha Witt Past Chairma | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,538,704 |
| Noncash contributions included in lines 1a–1f | $880,353 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,538,704 |
| Total Program Service Revenue | $0 |
| Investment income | $537,675 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $835,815 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,932,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $534,430 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $58,866 |
| Total functional expenses | $1,434,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,490,422 |
| Pledges and grants receivable | $163,546 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $540,300 |
| Investments—publicly traded securities | $16,303,427 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,599 |
| Total assets | $19,542,294 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,543 |
| Total liabilities | $8,543 |
| Net assets without donor restrictions | $1,250,363 |
| Net assets with donor restrictions | $18,283,388 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $19,542,294 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Roane State Community College Foundation has recieved totaling $90,975.
| Awarding Organization | Amount |
|---|---|
Wallace And Mary Casnelli Foundation Knoxville, TN PURPOSE: GENERAL FUNDING | $50,000 |
Bosch Community Fund Farmington Hills, MI PURPOSE: CREATING THE NEXT STEM LAB-IN-A-BOX KITS | $20,000 |
Methodist Medical Center Knoxville, TN PURPOSE: Scholarship Fund Support | $15,000 |
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: PROVIDE PROFESSIONAL DEVELOPMENT TRAINING IN STEM TECHNOLOGIES TO 32 MIDDLE SCHOOL TEACHERS TO ENHANCE TECHNICAL SKILLS AND STUDENT ENGAGEMENT. | $5,446 |
American Dental Partners Foundation Inc Effingham, IL PURPOSE: STUDENT SCHOLARSHIPS | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $29 |
Endowment Analysis
| Beg. Balance | $15,365,584 |
| Earnings | -$1,955,405 |
| Net Contributions | $2,564,463 |
| Other Expense | -$295,562 |
| Grants | -$268,875 |
| Ending Balance | $15,410,205 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Saint Marys School Raleigh, NC | $74,590,364 | $23,129,284 |
Andrew College Cuthbert, GA | $29,741,190 | $11,623,662 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
The Metropolitan Community College Foundation Kansas City, MO | $16,663,239 | $3,405,477 |
Pellissippi State Community College Foundation Knoxville, TN | $20,765,427 | $1,042,268 |
Wilkes Community College Foundation Inc Wilkesboro, NC | $12,311,546 | $8,211,087 |
Crowleys Ridge College Paragould, AR | $5,358,943 | $3,865,992 |
Wake Technical Community College Foundation Inc Raleigh, NC | $24,851,874 | $5,743,743 |
Walters State Community College Foundation Morristown, TN | $27,157,062 | $3,646,836 |
Northwest Arkansas Community College Foundation Inc Bentonville, AR | $44,091,991 | $5,872,868 |
Abraham Baldwin Agricultural College Foundation Inc Tifton, GA | $42,241,656 | $6,873,276 |
Virginia Western Community College Educational Founation Inc Roanoke, VA | $30,928,944 | $10,106,195 |