Form 990 for tax year 2025
Filed by NEW RIVER COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $2,977,366
- Total expenses
- $2,029,378
- Contributions and grants received
- $1,420,693
- Grants paid
- $1,891,178
- Program service revenue
- $0
- Investment income
- $1,319,066
- Other revenue
- $237,607
- Total assets, end of year
- $37,084,186
- Total liabilities, end of year
- $1,256
- Net assets or fund balances, end of year
- $37,082,930
- Program services expenses (Part IX)
- $1,893,498
- Management and general expenses
- $120,616
- Fundraising expenses
- $15,264
- Program service expenses (Part III)
- $1,893,498
Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,420,693
-
1g · Noncash contributions included above
$56,732
-
3 · Investment income
total $1,048,387 · excluded $1,048,387
-
7a · Gross sales of assets other than inventory
securities $5,589,278
-
7b · Less cost or other basis and sales expenses
securities $5,318,599
-
7c · Gain or loss
securities $270,679
-
7d · Net gain or loss
total $270,679 · related or exempt $270,679
-
11a · Other revenue: OTHER REVENUES
total $237,607 · related or exempt $237,607
-
11e · Other revenue, total
$237,607
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,891,178 · program services $1,891,178
-
11g · Fees: other
total $16,500 · management and general $16,500
-
12 · Advertising and promotion
total $15,264 · fundraising $15,264
-
13 · Office expenses
total $26,542 · management and general $26,542
-
17 · Travel
total $359 · management and general $359
-
19 · Conferences, conventions and meetings
total $14,410 · management and general $14,410
-
22 · Depreciation, depletion and amortization
total $44,916 · management and general $44,916
-
23 · Insurance
total $1,894 · management and general $1,894
-
24a · Other expenses: BANK FEES
total $7,016 · management and general $7,016
-
24b · Other expenses: RECOGNITION/GIFTS
total $3,672 · management and general $3,672
-
24c · Other expenses: IN-KIND CONTRIBUTIONS
total $2,320 · program services $2,320
-
24d · Other expenses: SPONSORSHIPS
total $1,880 · management and general $1,880
-
24e · All other expenses
total $3,427 · management and general $3,427
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,503,600 · end of year $1,636,452
-
7 · Other notes and loans receivable
beginning of year $50,694 · end of year $45,447
-
10a · Land, buildings and equipment: cost or other basis
$711,260
-
10b · Land, buildings and equipment: accumulated depreciation
$707,519
-
10c · Land, buildings and equipment, net
beginning of year $48,659 · end of year $3,741
-
11 · Investments: publicly traded securities
beginning of year $30,627,190 · end of year $35,398,546
-
25 · Other liabilities
beginning of year $1,256 · end of year $1,256
-
27 · Net assets without donor restrictions
beginning of year $14,208,490 · end of year $17,072,488
-
28 · Net assets with donor restrictions
beginning of year $19,020,397 · end of year $20,010,442
Mission and programs · 2025
Mission
THE NEW RIVER COMMUNITY COLLEGE EDUCATION FOUNDATION, INC (THE FOUNDATION) SERVES AS A CONDUIT FOR CONTRIBUTIONS THAT PROVIDE SCHOLARSHIP OPPORTUNITIES AND TUITION AND BOOK ASSISTANCE FOR STUDENTS, FACULTY, AND STAFF, AT NEW RIVER COMMUNITY COLLEGE. THE FOUNDATION RELIES ON THE GENEROSITY OF THE COMMUNITY TO CONTINUE ITS WORK IN SECURING THE FUTURE OF THE COLLEGE, ITS STUDENTS, FACULTY, AND STAFF. CONTRIBUTIONS ARE RECEIVED FROM VARIOUS CORPORATIONS AND THE GENERAL PUBLIC AND ARE AN INVESTMENT IN THE FUTURE OF THE COMMUNITY. THROUGH DONATIONS, GRANTS, AND ENDOWMENTS, THE FOUNDATION IS ABLE TO PROVIDE TUITION AND TEXTBOOK SCHOLARSHIPS FOR STUDENTS, FUND ACADEMIC PROGRAMS, AND ENCOURAGE THE PROFESSIONAL DEVELOPMENT OF NEW RIVER COMMUNITY COLLEGE'S FACULTY AND STAFF. THE FOUNDATION'S WORK HELPS TO ENSURE THE COLLEGE CONTINUES ITS PLEDGE OF PROVIDING ACADEMIC EXCELLENCE WHILE EXPANDING THE SERVICES IT OFFERS TO FULFILL ESCALATING WORKFORCE REQUIREMENTS.
Activities or mission (Part I)
THE FOUNDATION SERVES AS A CONDUIT FOR CONTRIBUTIONS THAT PROVIDE SCHOLARSHIP OPPORTUNITIES AND TUITION AND BOOK ASSISTANCE FOR STUDENTS, FACULTY, AND STAFF, AT NEW RIVER COMMUNITY COLLEGE.
-
SCHOLARHIPS AWARDED AND TUITION AND BOOK ASSISTANCE PROVIDED TO NEW RIVER COMMUNITY COLLEGE STUDENTS, FACULTY, AND STAFF. THE EXPENSE TOTALS DO NOT INCLUDE THE VALUE OF DONATED STAFF OF 60,000 AND DONATED FACILITIES OF 2,460.
Expenses $1,893,498 · Grants $1,891,178
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kennedy DeborahKENNEDY DEBORAH
EXECUTIVE DI
- Total calculated
- $156,997
- From this org
- $0
- From related orgs
- $125,905
- Other
- $31,092
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- not reported + $125,905 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $31,092 related
- Filer's total
- not reported + $156,997 related
-
Aden WilliamADEN WILLIAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Akers DianeAKERS DIANE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Blevins SherriBLEVINS SHERRI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Brandon RobertBRANDON ROBERT
BOARD MEMBER
- Total calculated
- $224,646
- From this org
- $0
- From related orgs
- $192,120
- Other
- $32,526
- Hours/week
- 2
Schedule J breakdown matched by us
- Base
- not reported + $192,120 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported + $32,526 related
- Filer's total
- not reported + $224,646 related
-
Brown JohnBROWN JOHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Browne KevinBROWNE KEVIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Covey AngelaCOVEY ANGELA
FORMER EXEC.
- Total calculated
- $109,666
- From this org
- $0
- From related orgs
- $96,202
- Other
- $13,464
- Hours/week
- 2
-
Davis SandraDAVIS SANDRA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Edwards H RandallEDWARDS H RANDALL
DIRECTOR EME
- Total calculated
- $0
- Hours/week
- 2
-
Flattery WilliamFLATTERY WILLIAM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Graham FlorentineGRAHAM FLORENTINE
DIRECTOR EME
- Total calculated
- $0
- Hours/week
- 2
-
Hale EddieHALE EDDIE
DIRECTOR EME
- Total calculated
- $0
- Hours/week
- 2
-
Hancock GaryHANCOCK GARY
CO-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Hatcher VinceHATCHER VINCE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Huber PatriciaHUBER PATRICIA
DIRECTOR EME
- Total calculated
- $29,055
- From this org
- $0
- From related orgs
- $29,055
- Other
- $0
- Hours/week
- 2
-
Lawhorn EdLAWHORN ED
DIRECTOR EME
- Total calculated
- $0
- Hours/week
- 2
-
McAlister JimMCALISTER JIM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Meadows CraigMEADOWS CRAIG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Nicely HiwathaNICELY HIWATHA
DIRECTOR EME
- Total calculated
- $0
- Hours/week
- 2
-
Ojomo KaranitaOJOMO KARANITA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Overstreet WaylandOVERSTREET WAYLAND
DIRECTOR EME
- Total calculated
- $0
- Hours/week
- 2
-
Owens AndyOWENS ANDY
DIRECTOR EME
- Total calculated
- $0
- Hours/week
- 2
-
Rakes JamesRAKES JAMES
CO-CHAIR, TR
- Total calculated
- $0
- Hours/week
- 2
-
Ridpath DavidRIDPATH DAVID
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Robertson ToddROBERTSON TODD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Shelor LarrySHELOR LARRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Simmons L TSIMMONS L T
DIRECTOR EME
- Total calculated
- $0
- Hours/week
- 2
-
Stallings Martha AnnSTALLINGS MARTHA ANN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Taylor JessicaTAYLOR JESSICA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Watson MikeWATSON MIKE
DIRECTOR EME
- Total calculated
- $0
- Hours/week
- 2
-
Webb LewisWEBB LEWIS
DIRECTOR EME
- Total calculated
- $0
- Hours/week
- 2
-
Weltens KeithWELTENS KEITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Wheeler AnneWHEELER ANNE
DIRECTOR EME
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
NEW RIVER COMMUNITY COLLEGE
115 · COLLEGE · VA
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 17 August 2026
- IRS schema version
- 2025v4.0
- Source object
- 202622309349300902
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