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← ACCESS COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by ACCESS COLLEGE FOUNDATION.

Totals

Total revenue
$7,922,566
Total expenses
$6,330,629
Contributions and grants received
$7,477,320
Grants paid
$1,085,320
Program service revenue
$0
Investment income
$434,017
Other revenue
$11,229
Total assets, end of year
$89,251,214
Total liabilities, end of year
$338,052
Net assets or fund balances, end of year
$88,913,162
Program services expenses (Part IX)
$4,764,444
Management and general expenses
$761,073
Fundraising expenses
$805,112
Program service expenses (Part III)
$4,764,444

Program services were 75.3% 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

    $13,634

  • 1e · Government grants (contributions)

    $81,720

  • 1f · All other contributions, gifts and grants

    $7,381,966

  • 1g · Noncash contributions included above

    $593,145

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $509,696 · related or exempt $0 · unrelated business $219,704 · excluded $289,992

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $5,679,550 · other assets $0

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

    securities $5,753,966 · other assets $1,263

  • 7c · Gain or loss

    securities -$74,416 · other assets -$1,263

  • 7d · Net gain or loss

    total -$75,679 · related or exempt $0 · unrelated business $0 · excluded -$75,679

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $11,229 · related or exempt $0 · unrelated business $0 · excluded $11,229

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $11,229

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $69,300 · program services $69,300

  • 2 · Grants to domestic individuals

    total $1,016,020 · program services $1,016,020

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $310,461 · program services $248,100 · management and general $24,472 · fundraising $37,889

  • 7 · Other salaries and wages

    total $3,198,131 · program services $2,483,767 · management and general $294,844 · fundraising $419,520

  • 9 · Other employee benefits

    total $539,786 · program services $435,542 · management and general $37,329 · fundraising $66,915

  • 10 · Payroll taxes

    total $253,958 · program services $202,249 · management and general $17,462 · fundraising $34,247

  • 11c · Fees: accounting

    total $45,200 · program services $0 · management and general $45,200 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $75,000 · fundraising $75,000

  • 11f · Fees: investment management

    total $90,051 · program services $0 · management and general $90,051 · fundraising $0

  • 11g · Fees: other

    total $189,147 · program services $421 · management and general $116,226 · fundraising $72,500

  • 12 · Advertising and promotion

    total $15,646 · program services $3,911 · management and general $1,483 · fundraising $10,252

  • 13 · Office expenses

    total $43,917 · program services $18,406 · management and general $15,824 · fundraising $9,687

  • 14 · Information technology

    total $178,673 · program services $101,336 · management and general $33,883 · fundraising $43,454

  • 17 · Travel

    total $20,245 · program services $18,103 · management and general $1,516 · fundraising $626

  • 19 · Conferences, conventions and meetings

    total $117,336 · program services $56,167 · management and general $35,286 · fundraising $25,883

  • 22 · Depreciation, depletion and amortization

    total $19,257 · program services $12,532 · management and general $4,164 · fundraising $2,561

  • 23 · Insurance

    total $21,306 · program services $0 · management and general $21,186 · fundraising $120

  • 24a · Other expenses: SCHOOL EVENTS

    total $72,817 · program services $72,817 · management and general $0 · fundraising $0

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $14,258 · program services $7,560 · management and general $2,521 · fundraising $4,177

  • 24c · Other expenses: STAFF RECOGNITION

    total $11,130 · program services $6,018 · management and general $3,754 · fundraising $1,358

  • 24d · Other expenses: BANK FEES

    total $10,315 · program services $0 · management and general $10,315 · fundraising $0

  • 24e · All other expenses

    total $18,675 · program services $12,195 · management and general $5,557 · fundraising $923

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,008,888 · end of year $1,968,084

  • 2 · Savings and temporary cash investments

    beginning of year $441,460 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $5,709,410 · end of year $3,830,604

  • 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

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

    $214,326

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

    $161,960

  • 10c · Land, buildings and equipment, net

    beginning of year $60,138 · end of year $52,366

  • 11 · Investments: publicly traded securities

    beginning of year $9,612,155 · end of year $11,448,140

  • 12 · Investments: other securities

    beginning of year $60,863,533 · end of year $71,936,113

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $15,907

  • 17 · Accounts payable and accrued expenses

    beginning of year $304,641 · end of year $322,145

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $15,907

  • 27 · Net assets without donor restrictions

    beginning of year $5,823,304 · end of year $6,018,780

  • 28 · Net assets with donor restrictions

    beginning of year $72,567,639 · end of year $82,894,382

Mission and programs · 2024

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 5,095 HIGH SCHOOL JUNIORS, SENIORS AND COLLEGE STUDENTS DURING 2024 AND 4,391 IN 2023. OF THOSE STUDENTS SERVED IN 2024, 3,718 FAMILIES (73%), WERE VERIFIED TO BE LOW-INCOME AND IN 2023, 3,199 (73%) WERE VERIFIED TO BE LOW-INCOME. POSTSECONDARY EDUCATION PLANNING PROGRAM: THESE PROGRAM 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 AN "ACCESS SERVICES APPLICATION" AT THE BEGINNING OF THE SCHOOL YEAR FOR OUR USE IN DETERMINING THEIR ELIGIBILITY FOR SERVICES TO RECEIVE FEE WAIVERS AND FEE PAYMENTS MADE BY ACCESS ON THEIR BEHALF. THIS APPLICATION ALSO DEFINES THEIR FAMILY'S LEVEL OF POVERTY, BASED ON FEDERAL GUIDELINES. WHEN FINANCIAL AID FORMS (FAFSAS) ARE FILED FOR THE SENIORS AND OUR COLLEGE STUDENTS, THE FAMILY SIZE AND INCOME INFORMATION ARE CAPTURED ON THE COMPLETED "FAFSA CONSULTATION FORM UPDATED IN OUR STUDENT DATABASE. THIS INFORMATION WAS USED TO VERIFY THAT 73% OF THE STUDENTS IN 2024 AND 73% OF THE STUDENTS IN 2023 BELONGED TO A FAMILY WHOSE ANNUAL HOUSEHOLD INCOME WAS NOT IN EXCESS OF 300% OF THE FEDERAL POVERTY GUIDELINES. MIDDLE SCHOOL PROGRAM: 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 $4,764,444 · Grants $1,085,320

As filed on the 2024 return.

Listed in Part VII

  • BONNIE B SUTTON

    PRESIDENT & CEO

    Total calculated
    $310,461
    From this org
    $290,179
    From related orgs
    $0
    Other
    $20,282
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $198,883
    Bonus
    $90,000
    Other
    $1,296
    Deferred
    $10,156
    Nontaxable benefits
    $10,126
    Filer's total
    $310,461
  • EVAN KALFUS

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • JOHN STEIN

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • OWEN GRIFFIN

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • R BRUCE BRADLEY

    CHAIR EMERITUS

    Total calculated
    $0
    Hours/week
    1
  • T RICHARD LITTON JR

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • AARON SCHAEFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • ALFRED RANDOLPH JR

    DIRECTOR (AS OF 7/24)

    Total calculated
    $0
    Hours/week
    0.2
  • ALLISON MCDUFFIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • AMANDA GIFT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • AUDREY PARROTT

    DIRECTOR (AS OF 7/24)

    Total calculated
    $0
    Hours/week
    0.2
  • BOBBY BEASLEY III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • CEDRICKA DALTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • CHARLES BIRDSONG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • CHRIS GRAVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • CHRISTOPHER JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • CONRAD M HALL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • DON SCOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • ED TANKARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • ELLIS PRETLOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • FRANK BATTEN JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • FRED KIRSCHBAUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • GWEN GREEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • JAMES NOEL III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • JARED COTTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • JIM SHUMADINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • JOAN P BROCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • KRISTAL AUDAIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • LOUIS RYAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • MEAGAN PECSOK

    DIRECTOR (AS OF 7/24)

    Total calculated
    $0
    Hours/week
    0.2
  • MORGAN WHAYLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • ROBIN COOKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • SHARON GOODWYN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • STEPHANIE CALLIOTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • THOMAS G JOHNSON JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • TODD COPELAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • VICKI MCPHERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • WILLIAM REED ATKINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2
  • CHERYL JONES

    VICE PRESIDENT FOR PROGRAMS

    Total calculated
    $142,191
    From this org
    $129,339
    From related orgs
    $0
    Other
    $12,852
    Hours/week
    37.5
  • HEATHER FOXWELL

    VICE PRESIDENT FOR FINANCE & ADMINISTRATION

    Total calculated
    $124,463
    From this org
    $111,728
    From related orgs
    $0
    Other
    $12,735
    Hours/week
    37.5

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
2024
Filed
17 November 2025
IRS schema version
2024v5.1
Source object
202533219349309288

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