Rowan-cabarrus Community College Foundation Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves
Rowan-cabarrus Community College Foundation Inc is a 501(c)(3) organization based in Salisbury, North Carolina, registered in 1991, with $2,522,999 in FY2023 revenue. CharityIndex grades it B.
Po Box 1595, Salisbury, NC, 28145 EIN 56-1731864 Since 1991
Revenue (FY2023)
$2.5M
▲ 108.1% vs prior year
Expenses (FY2023)
$716K
Net assets
$11.1M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Rowan-cabarrus Community College Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating186 mo reserves · +72% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Rowan-cabarrus Community College Foundation Inc: 186 mo reserves · +72% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Rowan-cabarrus Community College Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Rowan-cabarrus Community College Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1595, Salisbury, NC, 28145
- City
- Salisbury
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue declined from $3.6M (FY2013) to $2.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $387KNet assets $11.1M
Operating margin
71.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$11.5M
Total liabilities
$387K
Net assets
$11.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,522,999▲108% | $716,185▲11.2% | $11,125,096▲19.6% | $11,512,312▲23.8% | 990 |
| 2022 | $1,212,137▲124% | $644,175▼17.1% | $9,299,286▲6.8% | $9,300,416▲6.0% | 990 |
| 2021 | $541,813▼75.4% | $777,275▼61.9% | $8,707,832▼8.3% | $8,770,796▼7.6% | 990 |
| 2020 | $2,204,485▲251% | $2,040,709▲177% | $9,491,602▲2.1% | $9,492,471▲2.1% | 990 |
| 2019 | $628,398▼40.7% | $736,253▼33.2% | $9,293,789▼0.7% | $9,294,192▼3.9% | 990 |
| 2018 | $1,059,092▼71.3% | $1,102,794▲85.5% | $9,361,440▼0.2% | $9,667,013▲3.0% | 990 |
| 2017 | $3,695,435▲191% | $594,385▲22.5% | $9,383,707▲49.4% | $9,383,845▲48.7% | 990 |
| 2016 | $1,270,446▲4.3% | $485,188▼3.0% | $6,282,657▲14.3% | $6,309,850▲14.7% | 990 |
| 2015 | $1,218,236▼17.2% | $500,354▼78.6% | $5,497,399▲11.6% | $5,500,305▲11.6% | 990 |
| 2014 | $1,470,942▼59.4% | $2,339,386▲493% | $4,925,262▼15.5% | $4,926,694▼15.5% | 990 |
| 2013 | $3,626,450 | $394,215▼20.5% | $5,831,215▲139% | $5,831,215▲137% | 990 |
| 2012 | — | $495,571 | $2,444,935 | $2,463,902 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $7.4M total
25 grants to Rowan-cabarrus Community College Foundation Inc totaling $7.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Foundation For the Carolinas | Charitable gift | 2024 | $1,055,000 |
| American Online Giving Foundation Inc | General support | 2024 | $37,320 |
| Novant Health Inc | Community outreach | 2024 | $10,000 |
| Foundation For the Carolinas | Charitable gift | 2023 | $109,515 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $18,550 |
| American Online Giving Foundation Inc | General support | 2023 | $12,402 |
| Novant Health Inc | Community outreach | 2023 | $11,200 |
| American Endowment Foundation | Educational | 2023 | $10,000 |
| Donor Advised Charitable Giving | Public, societal benefit | 2023 | $7,500 |
| Foundation For the Carolinas | Charitable gift | 2022 | $431,124 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $42,600 |
| American Online Giving Foundation Inc | General support | 2022 | $7,454 |
| American Endowment Foundation | Educational | 2022 | $7,000 |
| Foundation For the Carolinas | Charitable gift | 2021 | $768,493 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $18,242 |
Frequently asked questions
- Is Rowan-cabarrus Community College Foundation Inc a legitimate nonprofit?
- Yes. Rowan-cabarrus Community College Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-1731864, based in Salisbury, North Carolina. Donations are tax-deductible.
- What is Rowan-cabarrus Community College Foundation Inc's EIN?
- Rowan-cabarrus Community College Foundation Inc's Employer Identification Number (EIN) is 56-1731864.
- How much revenue does Rowan-cabarrus Community College Foundation Inc report?
- Rowan-cabarrus Community College Foundation Inc reported $2,522,999 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- What financial grade does Rowan-cabarrus Community College Foundation Inc have?
- CharityIndex grades Rowan-cabarrus Community College Foundation Inc B, based on financial health (reserves and operating margin).
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Data for Rowan-cabarrus Community College Foundation Inc (EIN 56-1731864) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.