Isothermal Community College Foundation Inc

Nonprofit profile at a glance

EIN
581518223
IRS 990 coverage
2009–2025
Forms available
Form 990 2025
Location
Spindale, NC, USA
Phone
8282863636
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community or Junior Colleges

Reported finances

Revenue
$2,273,414
Expenses
$826,461
Assets
$6,495,921
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

33 people listed

Executive titles in this filing

  • THAD HARRILL (EXECUTIVE DIRECTOR)

Highest reported compensation

  • THAD HARRILL (EXECUTIVE DIRECTOR): $108,033 total reported compensation
  • MIKE GAVIN (BOARD MEMBER): $79,594 total reported compensation
  • LEON GODLOCK (BOARD MEMBER): $2,448 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Foster and promote the progress and general welfare of the college & to enhance financial stability.

What it reported doing in 2025

Scholarships and funds to students of isothermal community college to provide assistance in obtaining a college degree

Operating model

Revenue model
Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 91% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 94
  • Accountability: 79
  • Sustainability: 90
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 44.8%; rating input score 45
  • Program expense ratio: 96.6%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 75th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 63.6%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 7.86; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 79; 79th percentile among comparable filings

Growth

  • Program expense growth: 13% per year; rating input score 100; 70th percentile among comparable filings
  • Revenue growth: 16% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 44.8% of revenue deployed · 96.6% of spending went to programs
  • Governance: 32 of 32 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $798K in reported program spending
  • Leadership: top reported pay $108K · 33 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 17 filing years from 2009 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.