Rowan-Cabarrus Community College Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561731864 ✦ Salisbury, NC ✦ Designated as a 501(c)(3)

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Overview

What is Rowan-Cabarrus Community College Foundation Inc?

Rowan-Cabarrus Community College Foundation Inc is a nonprofit organization based in Salisbury, North Carolina. Its primary mission is to raise and manage funds, fostering relationships that bolster the work of Rowan-Cabarrus Community College. The foundation provides various forms of support, such as student assistance, institutional enhancement, faculty incentive grants, continuing education, new program development, and capital projects for the community college. Additionally, they contribute to initiatives that enrich the college's academic and infrastructural growth.


Official website here: www.rccc.edu/foundation

What are the reviews and ratings of this charity?

Charity Navigator Rating: 88%, Three-Star out of Four Star Rating.

The Rowan-Cabarrus Community College Foundation Inc. has received a commendable score of 88%, which reflects its strong accountability and financial management practices. The rating is derived solely from the Accountability & Finance category, indicating a robust commitment to transparency and effective governance. The foundation boasts a 100% independent board, demonstrating a dedication to ethical oversight and decision-making.

Key strengths include a high program expense ratio of 96.72%, indicating that the majority of funds are effectively utilized for program-related activities. Additionally, the organization has successfully maintained an excellent audit and oversight framework, with no reported material diversion of assets. The presence of a conflict of interest policy and comprehensive documentation of board meeting minutes further enhances its credibility.

However, there is a noted limitation regarding the absence of a whistleblower policy, which could be seen as a gap in its transparency and accountability practices. Despite this, the overall financial health and governance structures suggest a well-managed organization committed to its mission and responsible use of resources.


This AI summary has been generated from information found on Charity Navigator.

Is Rowan-Cabarrus Community College Foundation Inc legitimate?

Rowan-Cabarrus Community College Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rowan-Cabarrus Community College Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.rccc.edu/foundation

What is the mission statement of Rowan-Cabarrus Community College Foundation Inc?

The Rowan-Cabarrus Community College Foundation Inc's mission is centered around raising and managing funds, with the primary objective of supporting the work carried out by Rowan-Cabarrus Community College. This involves establishing and strengthening relationships to further advance the college's objectives. The foundation provides various forms of assistance to the college, including support for students, institutional enhancements, faculty incentives, continuing education, new program development, and capital projects. In essence, its role is to bolster the college's resources and capabilities.


Official website here: www.rccc.edu/foundation

Who is the CEO of Rowan-Cabarrus Community College Foundation Inc?

Kelly Kluttz is the Chair of Rowan-Cabarrus Community College Foundation Inc.


Official website here: www.rccc.edu/foundation

What is the revenue of Rowan-Cabarrus Community College Foundation Inc?

Rowan-Cabarrus Community College Foundation Inc's revenue in 2023 was $1,212,137.


Official website here: www.rccc.edu/foundation

Who are the executives of Rowan-Cabarrus Community College Foundation Inc and what are their salaries?


Here are 20 key members and their salaries:


Brian Hiatt (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Moore (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Spalding (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelly Kluttz (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Alexander (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marjorie Benbow (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paige Crowe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanne Dixon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Fischer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cathy Floyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbi Jones (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Mallett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Millward (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Smita Quinn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Ricks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Shoemaker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Haylee Shuping (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elaine Spalding (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Spitzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kristen Trexler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.rccc.edu/foundation

Where can I find the form 990 for Rowan-Cabarrus Community College Foundation Inc?

Rowan-Cabarrus Community College Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.rccc.edu/foundation

Learn more at the official website: www.rccc.edu/foundation

Mission Statement of Rowan-Cabarrus Community College Foundation Inc

Rowan-Cabarrus Community College Foundation Inc is dedicated to raising and managing funds, as well as strengthening relationships, with the primary purpose of supporting the work of Rowan-Cabarrus Community College. By taking on this mission, the Foundation plays a crucial role in providing various forms of assistance to the college, its faculty, staff, and students. This support extends to student aid, the enhancement of institutional capabilities, faculty incentives, professional development, the launch of new programs, and capital projects within the college. The Foundation's mission is geared towards ensuring that Rowan-Cabarrus Community College thrives and remains at the forefront of providing quality education and opportunities for its community.

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Impact




July, 2024

Rowan-Cabarrus Community College Foundation Inc's impact is significant in supporting Rowan-Cabarrus Community College's mission to provide student assistance, institutional enhancement, faculty/staff incentive grants, continuing education, new program development, and capital projects. Through their work, they help ensure that students have access to the resources and opportunities needed to succeed in their educational pursuits. By raising and managing funds effectively, they play a crucial role in enhancing the college's capabilities and fostering a strong learning environment. Their efforts contribute to the overall educational landscape in Salisbury, NC, making a positive impact on individuals and the community as a whole.




This information is meant to be a general summary of Rowan-Cabarrus Community College Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,212,137 (2023)
Expenses
$644,175 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $366,404
  • Gross Receipts: $1,212,137

Assets and Liabilities:

  • Total Assets: $9,300,416
  • Total Liabilities: $1,130
  • Net Assets: $9,299,286

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Organization Details

Principal Officer

Kelly Kluttz

Main Address

PO BOX 1595, SALISBURY, NC, 281451595

NTEE Category

Code: B11 - Education

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