Rockbridge County Holdings Ltd
- Assets
- $4.6m
- Revenue
- $552.9k
- Investments
- $4.1m
- Employees
- 0
- Location
- Lexington, VA
- Founding
- Data as of
- 06/2022
- EIN
- 84-3351187
Organization Overview
Rockbridge County Holdings Ltd is located in Lexington, VA. According to its NTEE Classification (B83) the organization is classified as: Student Sororities & Fraternities, 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. Rockbridge County Holdings Ltd is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2022, Rockbridge County Holdings Ltd generated $552.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $55.4k during the year ending 06/2022. 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
HOLDING TITLE TO CERTAIN INVESTMENTS AND PROPERTIES FOR THE BENEFIT OF KAPPA ALPHA ORDER
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOLDING TITLE TO CERTAIN INVESTMENTS AND OTHER PROPERTIES IN ORDER TO PRESERVE, MANAGE, AND PROTECT SUCH PROPERTY FOR THE BENEFIT OF KAPPA ALPHA ORDER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Douglas Simmons III President And Director | OfficerTrustee | 0 | $0 |
King V Aiken Vice President And Directo | OfficerTrustee | 0 | $0 |
David M Warren Director | Trustee | 0 | $0 |
Malcolm H Liles Director | Trustee | 0 | $0 |
Larry Stanton Wiese Secretary And Treasurer | Officer | 1 | $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 | $287,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,332 |
| Total Program Service Revenue | $0 |
| Investment income | $142,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $123,451 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $552,860 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,663 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $22,926 |
| Fees for services: Other | $6,844 |
| 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 | $7,003 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $55,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,707 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,038 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $437,756 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,140,524 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,638,025 |
| 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 | $7,900 |
| Total liabilities | $7,900 |
| Net assets without donor restrictions | $1,722,188 |
| Net assets with donor restrictions | $2,907,937 |
| 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 | $4,638,025 |
Grants Awarded
Over the last fiscal year, Rockbridge County Holdings Ltd has awarded $134,685 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KAPPA ALPHA GAMMA EPSILON HOUSE CORPORATION PURPOSE: MAINTENANCE | $20,000 |
KAPPA ALPHA ALPHA PI CHAPTER PURPOSE: MAINTENANCE | $12,822 |
KAPPA ALPHA TAU CHAPTER PURPOSE: DISTRIBUTION OF A TITLE HOLDING COMPANY TO ITS DESIGNATED BENEFICIARY | $101,863 |