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Nonprofit · EIN 58-1384368

RANDOLPH TECHNICAL COLLEGE FOUNDATION INC

Tax-exempt · ASHEBORO, NC 27205

Financials

$1.4M$655K2023$1.7M$892K2024
Revenue Expenses · by fiscal year end
Financials of RANDOLPH TECHNICAL COLLEGE FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,706,371$891,615$814,756$17,102,967$0$17,102,967
June 30, 2024990$1,434,104$655,040$779,064$16,052,869$2,920$16,049,949
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$425,269
Program service revenue
$0
Investment income
$1,281,102
Net gain from sales of assets
$241,333
Other revenue
$0

Expenses

Grants and similar amounts paid
$632,672
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$12,000
Program services (functional)
$632,672
Management and general (functional)
$258,943

Balance sheet and other

Total assets, start of year
$16,052,869
Total assets, end of year
$17,102,967
Total liabilities, end of year
$0
Net assets, end of year
$17,102,967
Publicly traded securities
$15,500,903
Net assets without donor restrictions
$2,756,765
Net assets with donor restrictions
$14,346,202
Gross receipts
$5,813,428
Employees
0
Volunteers
0
Year formed
1979
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, 2025, highest compensation first.

NameTitleHours / weekCompensation
GAIL MCDOWELLBOARD MEMBER
Trustee or director
1$0
VICKIE H GALLIMOREPRESIDENT
Trustee or director, Officer
1$0
RICHARD WELDONTREASURER
Trustee or director, Officer
1$0
SHAH ARDALANEX OFFICIO BOARD MEMBER - NONVOTING
Trustee or director
0.5$0
JAMES GOUTYBOARD MEMBER
Trustee or director
0.5$0
ROBERT GRAVESVICE PRESIDENT
Trustee or director, Officer
1$0
NEAL GRIFFIN IIIBOARD MEMBER
Trustee or director
0.5$0
BAXTER HAMMERBOARD MEMBER
Trustee or director
0.5$0
NICKI MCKENZIE HILLBOARD MEMBER
Trustee or director
0.5$0
ANN HOOVERBOARD MEMBER
Trustee or director
0.5$0
DEBI LAGUERUELABOARD MEMBER
Trustee or director
0.5$0
JUSTIN M LEEBOARD MEMBER
Trustee or director
0.5$0
REYNOLDS LISKBOARD MEMBER
Trustee or director
0.5$0
DR CYNTHIA G SCHRODERBOARD MEMBER
Trustee or director
0.5$0
MINI SINGHBOARD MEMBER
Trustee or director
0.5$0
5 more people on this return
NameTitleHours / weekCompensation
DEAN SEXTONBOARD MEMBER
Trustee or director
0.5$0
REBECCA MARSHALLSECRETARY - NONVOTING
Trustee or director, Officer
0$0
JONATHAN BRUBAKERBOARD MEMBER
Trustee or director
0.5$0
LINDA BROWNEXECUTIVE DIRECTOR-NONVOTING
Trustee or director, Officer
0$0
DALE LAMBERTBOARD MEMBER
Trustee or director
0.5$0
990 for the year ended June 30, 2024: 18 people
NameTitleHours / weekCompensation
GAIL MCDOWELLPRESIDENT
Trustee or director, Officer
1$0
VICKIE H GALLIMOREVICE-PRESIDENT
Trustee or director, Officer
1$0
RICHARD WELDONTREASURER
Trustee or director, Officer
1$0
ELIZABETH ALDRIDGEBOARD MEMBER
Trustee or director
0.5$0
SHAH ARDALANBOARD MEMBER
Trustee or director
0.5$0
JAMES GOUTYBOARD MEMBER
Trustee or director
0.5$0
ROBERT GRAVESBOARD MEMBER
Trustee or director
0.5$0
NEAL GRIFFIN IIIBOARD MEMBER
Trustee or director
0.5$0
BAXTER HAMMERBOARD MEMBER
Trustee or director
0.5$0
NICKI MCKENZIE HILLBOARD MEMBER
Trustee or director
0.5$0
ANN HOOVERBOARD MEMBER
Trustee or director
0.5$0
DEBI LAGUERUELABOARD MEMBER
Trustee or director
0.5$0
JUSTIN M LEEBOARD MEMBER
Trustee or director
0.5$0
REYNOLDS LISKBOARD MEMBER
Trustee or director
0.5$0
DR CYNTHIA G SCHRODERBOARD MEMBER
Trustee or director
0.5$0
MINI SINGHBOARD MEMBER
Trustee or director
0.5$0
DEAN SEXTONBOARD MEMBER
Trustee or director
0.5$0
REBECCA MARSHALLSECRETARY - NONVOTING
Trustee or director, Officer
0$0

Address and contacts

Address (IRS master file)
629 INDUSTRIAL PARK AVE, ASHEBORO, NC 27205-7333
Principal officer (990 for 2024)
RICHARD WELDON, 629 INDUSTRIAL PARK AVENUE, ASHEBORO, NC 27205
Signed the 990
RICHARD WELDON, TREASURER
Phone
(336) 633-0295
Return prepared by
COSTELLO HILL & COMPANY LLP

Mission

THE RANDOLPH COMMUNITY COLLEGE FOUNDATION IS A NON PROFIT ORGANIZATION THAT PROVIDES A MARGIN OF EXCELLENCE FOR RANDOLPH COMMUNITY COLLEGE BY BUILDING A STRONG RELATIONSHIP WITH THE LOCAL COMMUNITY, AQUIRING AND MANAGING CONTRIBUTIONS, AND FUNDING ACTIVITIES WHICH SUPPORT THE COLLEGE.

990 for the year ended June 30, 2025

Program accomplishments

  • GRANTS MADE DIRECTLY TO RCC FOR STUDENT SCHOLARSHIPS, PROGRAM SUPPORT, AND OTHER COLLEGE ACTIVITIES.
    Expenses $618,803 · grants $618,803
  • GRANTS MADE TO VENDORS TO SUPPORT RCC(EMERGENCY GRANTS TO STUDENTS, STUDENT LEADERSHIP ACADEMY, EMPLOYEE APPRECIATION), PROGRAM SUPPORT AND OTHER COLLEGE ACTIVITIES.
    Expenses $13,869 · grants $13,869

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
58-1384368
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
1980
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$17,102,967
Income (IRS master file)
$5,813,428

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,706,371$891,615$17,102,967XML
990June 2024$1,434,104$655,040$16,052,869XML
990June 2023$1,349,084$718,078$14,368,073IRS
990June 2022–––IRS
990June 2021–––IRS

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 58-1384368).

Questions about RANDOLPH TECHNICAL COLLEGE FOUNDATION INC

What is the EIN of RANDOLPH TECHNICAL COLLEGE FOUNDATION INC?
The employer identification number (EIN) of RANDOLPH TECHNICAL COLLEGE FOUNDATION INC is 58-1384368.
Is RANDOLPH TECHNICAL COLLEGE FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to RANDOLPH TECHNICAL COLLEGE FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RANDOLPH TECHNICAL COLLEGE FOUNDATION INC 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 RANDOLPH TECHNICAL COLLEGE FOUNDATION INC 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 RANDOLPH TECHNICAL COLLEGE FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of RANDOLPH TECHNICAL COLLEGE FOUNDATION INC?
The 990 for the year ended June 30, 2025 names RICHARD WELDON.
Who are the officers and directors of RANDOLPH TECHNICAL COLLEGE FOUNDATION INC?
The 990 for the year ended June 30, 2025 lists 20 people; 0 received compensation from the organization.
How much revenue does RANDOLPH TECHNICAL COLLEGE FOUNDATION INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,706,371, expenses of $891,615 and total assets of $17,102,967 at year end.

Other nonprofits in ASHEBORO

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