Nonprofit · EIN 27-0248502
RJB EDUCATION EQUITY FOUNDATION
Also known as 7 Degrees of Change Foundation Inc
Tax-exempt · HIGH POINT, NC 27262
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $83,630 | $532,016 | -$448,386 | $3,445,236 | $218,209 | $3,227,027 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $5,000
- Program service revenue
- $22,294
- Investment income
- $54,836
- Net rental income
- $1,500
- Net gain from sales of assets
- $3,419
- Other revenue
- $1,500
Expenses
- Grants and similar amounts paid
- $5,263
- Compensation of officers, directors and key employees
- $137,250
- Salaries, compensation and benefits (total)
- $319,128
- Professional fundraising fees
- $0
- Legal fees
- $7,187
- Accounting fees
- $1,479
- Occupancy
- $22,502
- Travel
- $40,126
- Depreciation
- $23,247
- Program services (functional)
- $312,602
- Management and general (functional)
- $219,414
Balance sheet and other
- Total assets, start of year
- $3,842,679
- Total assets, end of year
- $3,445,236
- Total liabilities, end of year
- $218,209
- Net assets, end of year
- $3,227,027
- Land, buildings and equipment
- $992,044
- Publicly traded securities
- $2,356,148
- Net assets without donor restrictions
- $3,227,027
- Gross receipts
- $83,630
- Employees
- 3
- Year formed
- 2009
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMBERLY NORCROSS | Vice ChairTreasurer Officer | 40 | $121,201 |
| PAUL NORCROSS | President Officer | 40 | $121,201 |
Address and contacts
- Address (IRS master file)
- 1112 ROCKFORD RD, HIGH POINT, NC 27262-3608
- In care of
- % PAUL J NORCROSS
- Mailing address (990-N for 2012)
- 7851 Clinard Farms Rd, High Point NC 27265
- Principal officer (990 for 2023)
- PAUL NORCROSS, 1112 Rockford Rd, High Point, NC 27262
- Principal officer (990-N for 2012)
- Paul Norcross, 7851 Clinard Farms Rd, High Point NC 27265
- Signed the 990
- PAUL J NORCROSS, Chairperson
- Phone
- (336) 880-1713
- Website
- www.7degreesofchange.org
- Return prepared by
- DAVID M RUTTER FAUNCE CPA
Mission
To build on successes in the area of education and literacy and to expand outreach with books, libraries, education and therapeutic programs
Program accomplishments
- Managed operational and education services to Phoenix Academy, a K-8 charter school. The foundation is responsible for the implementation of the education program and is overseen by the Phoenix Academy BOD. Additional programming includes managing personnel, facilities and other essential operations of the school.Expenses $312,602 · revenue $22,294
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0248502
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $3,445,236
- Income (IRS master file)
- $83,630
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $83,630 | $532,016 | $3,445,236 | IRS |
| 990 | June 2023 | $188,310 | $791,813 | $3,842,679 | IRS |
| 990 | June 2022 | $4,668,531 | $1,162,329 | $4,495,690 | IRS |
| 990 | June 2021 | $1,781,088 | $1,437,147 | $1,118,720 | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990-N for 2012 Officer: Paul Norcross | June 30, 2013 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0248502).
Questions about RJB EDUCATION EQUITY FOUNDATION
- What is the EIN of RJB EDUCATION EQUITY FOUNDATION?
- The employer identification number (EIN) of RJB EDUCATION EQUITY FOUNDATION is 27-0248502.
- Is RJB EDUCATION EQUITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to RJB EDUCATION EQUITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RJB EDUCATION EQUITY FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RJB EDUCATION EQUITY FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RJB EDUCATION EQUITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of RJB EDUCATION EQUITY FOUNDATION?
- The 990 for the year ended June 30, 2024 names PAUL NORCROSS.
- Who are the officers and directors of RJB EDUCATION EQUITY FOUNDATION?
- The 990 for the year ended June 30, 2024 lists 2 people; 2 received compensation from the organization, the highest $121,201 (KIMBERLY NORCROSS, Vice ChairTreasurer).
- How much revenue does RJB EDUCATION EQUITY FOUNDATION have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $83,630, expenses of $532,016 and total assets of $3,445,236 at year end.
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