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Nonprofiteer
← ACCESS COLLEGE FOUNDATION

Form 990 for tax year 2022

Filed by ACCESS COLLEGE FOUNDATION.

Totals

Total revenue
$8,084,908
Total expenses
$5,129,033
Contributions and grants received
$6,866,167
Grants paid
$797,084
Program service revenue
$0
Investment income
$1,217,241
Other revenue
$1,500
Total assets, end of year
$68,748,416
Total liabilities, end of year
$308,766
Net assets or fund balances, end of year
$68,439,650
Program services expenses (Part IX)
$3,913,364
Management and general expenses
$597,117
Fundraising expenses
$618,552
Program service expenses (Part III)
$3,913,364

Program services were 76.3% 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.

  • 1a · Federated campaigns

    $24,751

  • 1e · Government grants (contributions)

    $71,720

  • 1f · All other contributions, gifts and grants

    $6,769,696

  • 1g · Noncash contributions included above

    $332,615

  • 3 · Investment income

    total $961,531 · unrelated business $484,165 · excluded $477,366

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $16,327,221

  • 7b · Less cost or other basis and sales expenses

    securities $16,071,511

  • 7c · Gain or loss

    securities $255,710

  • 7d · Net gain or loss

    total $255,710 · excluded $255,710

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,500 · excluded $1,500

  • 11e · Other revenue, total

    $1,500

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $797,084 · program services $797,084

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $258,098 · program services $203,228 · management and general $23,576 · fundraising $31,294

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $2,484,304 · program services $1,956,153 · management and general $226,936 · fundraising $301,215

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $738,292 · program services $651,482 · management and general $29,718 · fundraising $57,092

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $40,085 · management and general $40,085

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $149,715 · management and general $149,715

  • 11g · Fees: other

    total $88,069 · program services $457 · management and general $39,660 · fundraising $47,952

  • 12 · Advertising and promotion

    total $74,923 · program services $11,139 · management and general $11,368 · fundraising $52,416

  • 13 · Office expenses

    total $17,982 · program services $11,171 · management and general $3,173 · fundraising $3,638

  • 14 · Information technology

    total $137,517 · program services $82,482 · management and general $8,543 · fundraising $46,492

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $23,649 · program services $20,468 · management and general $804 · fundraising $2,377

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $112,044 · program services $52,729 · management and general $3,379 · fundraising $55,936

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $20,307 · program services $13,703 · management and general $4,121 · fundraising $2,483

  • 23 · Insurance

    total $20,688 · management and general $19,612 · fundraising $1,076

  • 24a · Other expenses: SCHOOL EVENTS

    total $69,771 · program services $69,771 · management and general $0 · fundraising $0

  • 24b · Other expenses: PRINTING & PUBLICATIONS

    total $16,248 · program services $2,726 · management and general $7,888 · fundraising $5,634

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $16,104 · program services $7,364 · management and general $4,777 · fundraising $3,963

  • 24d · Other expenses: SUPPLIES

    total $13,727 · program services $6,040 · management and general $6,987 · fundraising $700

  • 24e · All other expenses

    total $50,426 · program services $27,367 · management and general $16,775 · fundraising $6,284

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,198,916 · end of year $2,575,066

  • 2 · Savings and temporary cash investments

    beginning of year $3,327,480 · end of year $7,105,859

  • 3 · Pledges and grants receivable

    beginning of year $552,540 · end of year $226,829

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $27,250

  • 10a · Land, buildings and equipment: cost or other basis

    $217,351

  • 10b · Land, buildings and equipment: accumulated depreciation

    $143,360

  • 10c · Land, buildings and equipment, net

    beginning of year $82,609 · end of year $73,991

  • 11 · Investments: publicly traded securities

    beginning of year $15,922,015 · end of year $10,851,043

  • 12 · Investments: other securities

    beginning of year $40,442,495 · end of year $47,888,378

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $333,903 · end of year $308,766

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $3,272,956 · end of year $5,359,788

  • 28 · Net assets with donor restrictions

    beginning of year $58,919,196 · end of year $63,079,862

Mission and programs · 2022

Mission

ADVISORY SERVICES FOR POSTSECONDARY EDUCATIONAL PLANNING AND IMPLEMENTATION OF THE APPLICATION AND FINANCIAL AID PROCESSES, AND CAREER ASSISTANCE AND OPPORTUNITIES FOR STUDENTS COMPLETING THEIR CERTIFICATION DEGREE OR PROGRAMS. THESE SERVICES WERE PROVIDED BOTH IN PERSON AND VIRTUALLY/REMOTELY.

Activities or mission (Part I)

THE ACCESS COLLEGE FOUNDATION HELPS STUDENTS IN THE PUBLIC HIGH SCHOOLS OF S.HAMPTON ROADS, AND N. HAMPTON CO. GO TO COLLEGE OR OTHER POSTSECONDARY TRAINING.

  • HIGH SCHOOL PROGRAM AND COLLEGE SUCCESS PROGRAM: THE FOUNDATION PROVIDED POSTSECONDARY EDUCATION PLANNING TO MORE THAN 4,793 HIGH SCHOOL JUNIORS, SENIORS AND COLLEGE STUDENTS DURING 2022 AND 3,944 IN 2021. OF THOSE STUDENTS SERVED IN 2022, 3,392 FAMILIES (71%), WERE VERIFIED TO BE LOW-INCOME AND IN 2021, 2,879 (73%) WERE VERIFIED TO BE LOW-INCOME. POST-SECONDARY EDUCATION PLANNING INCLUDES SCHOOL-BASED AND VIRTUAL ADVISORY SERVICES FOR: COLLEGE AND POSTSECONDARY TRAINING PREPARATION AND SUCCESS; COLLEGE APPLICATION/ TESTING FEE PAYMENTS; GUIDANCE THROUGH THE ADMISSIONS PROCESS; COLLEGE TOURS TO PROSPECTIVE CAMPUSES; AND THE LEVERAGING OF FINANCIAL AID, SCHOLARSHIPS, AND GRANTS NEEDED TO ATTEND COLLEGE OR OTHER POSTSECONDARY TRAINING. EACH HIGH SCHOOL JUNIOR AND SENIOR COMPLETES A "FEE WAIVER APPLICATION" AT THE BEGINNING OF THE SCHOOL YEAR FOR OUR USE IN DETERMINING THEIR LEVEL OF POVERTY, BASED ON FEDERAL GUIDELINES, TO RECEIVE FEE WAIVERS AND FEE PAYMENTS MADE BY ACCESS ON THEIR BEHALF. WHEN FINANCIAL AID FORMS (FAFSAS) ARE FILED FOR THE SENIORS AND OUR COLLEGE STUDENTS, THE FAMILY SIZE AND INCOME INFORMATION ARE CAPTURED AND UPDATED THROUGH ACTUAL TAX RETURNS. THIS INFORMATION WAS USED TO VERIFY THAT 71% OF THE STUDENTS IN 2022 AND 73% OF THE STUDENTS IN 2021 BELONGED TO A FAMILY WHOSE ANNUAL HOUSEHOLD INCOME WAS NOT IN EXCESS OF 300% OF THE FEDERAL POVERTY GUIDELINES. EARLY COLLEGE AWARENESS: WITH OUR FOUNDATION'S PRIMARY TARGET BEING STUDENTS FROM LOW-INCOME FAMILIES WHO MAY NOT OTHERWISE HAVE ACCESS, WE BEGIN LAYING THE GROUNDWORK OF EARLY COLLEGE AWARENESS/READINESS ACTIVITIES TO MIDDLE SCHOOL STUDENTS IN THE 7TH AND 8TH GRADES AND THEN FOLLOW THEM INTO HIGH SCHOOL IN THE 9TH AND 10TH GRADES. MUCH OF THIS WORK IS DONE IN GROUP SETTINGS AND STUDENTS IN THESE GRADE LEVELS DO NOT DISCLOSE THEIR FAMILY'S FINANCIAL INFORMATION IN ORDER TO RECEIVE SERVICES. WE DO KNOW THAT THE SCHOOLS THESE STUDENTS ATTEND HAVE A MAJORITY POPULATION RECEIVING FREE- OR REDUCED- LUNCH. ADDITIONALLY, WHILE OUR MISSION IS TO SERVE LOW-INCOME STUDENTS, WE KNOW THAT IN THE PROCESS OF PROVIDING POSTSECONDARY EDUCATION PLANNING TO THESE LOW-INCOME STUDENTS, OTHER STUDENTS MAY RECEIVE INFORMATION OR BENEFIT FROM ACTIVITIES PROVIDED IN GROUP SETTINGS.

    Expenses $3,913,364 · Grants $797,084

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bonnie B Sutton

    PRESIDENT AND CEO

    Total calculated
    $258,098
    From this org
    $249,293
    From related orgs
    $0
    Other
    $8,805
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $199,340
    Bonus
    $48,725
    Other
    $1,228
    Deferred
    $7,005
    Nontaxable benefits
    $1,800
    Filer's total
    $258,098

  • Amanda Gift

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Rbruce Bradley

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • John Stein

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Audrey Settle

    ASST. SECRETARY

    Total calculated
    $0
    Hours/week
    0.2

  • Owen Griffin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jane R Short

    ASST. TREASURER

    Total calculated
    $0
    Hours/week
    0.2

  • Reed Atkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Kristal Audain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Frank Batten Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Bobby Beasley III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Charles Birdsong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Joan P Brock

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Wendi Butler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Stephanie Calliott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Mark Compton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Robin Cooke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Todd Copeland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Cedricka Dalton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Sharon Goodwyn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • John B Gordon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Chris Graves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Gwen Green

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Conrad M Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Christopher Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Thomas G Johnson Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Evan Kalfus

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Fred Kirschbaum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • T Richard Litton Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • David Mele

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Allison McDuffie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • James Noel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Ellis Pretlow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Louis Ryan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Aaron Schaefer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Don Scott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Jim Shumadine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

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

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349317963

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