Form 990 for tax year 2023
Filed by BLUE RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $2,000,917
- Total expenses
- $1,392,209
- Contributions and grants received
- $1,278,363
- Grants paid
- $1,187,487
- Program service revenue
- $0
- Investment income
- $718,205
- Other revenue
- $4,349
- Total assets, end of year
- $19,657,706
- Total liabilities, end of year
- $60,205
- Net assets or fund balances, end of year
- $19,597,501
- Program services expenses (Part IX)
- $1,242,370
- Management and general expenses
- $128,976
- Fundraising expenses
- $20,863
- Program service expenses (Part III)
- $1,242,370
Program services were 89.2% 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.
-
1c · Fundraising events
$54,223
-
1f · All other contributions, gifts and grants
$1,224,140
-
1g · Noncash contributions included above
$63,559
-
3 · Investment income
total $555,019 · excluded $555,019
-
7a · Gross sales of assets other than inventory
securities $4,381,161
-
7b · Less cost or other basis and sales expenses
securities $4,217,975
-
7c · Gain or loss
securities $163,186
-
7d · Net gain or loss
total $163,186 · excluded $163,186
-
8a · Fundraising events: gross income
$23,606
-
8a · Fundraising events: contributions included on line 1c
$54,223
-
8b · Fundraising events: direct expenses
$18,062
-
8c · Net income from fundraising events
total $5,544 · excluded $5,544
-
11a · Other revenue: MISC. REVENUE-RELATED-990
total -$1,195 · related or exempt -$1,195
-
11e · Other revenue, total
-$1,195
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,187,487 · program services $1,187,487
-
11c · Fees: accounting
total $17,868 · management and general $17,868
-
11f · Fees: investment management
total $69,251 · management and general $69,251
-
12 · Advertising and promotion
total $17,894 · program services $14,432 · management and general $1,731 · fundraising $1,731
-
13 · Office expenses
total $54,434 · program services $12,514 · management and general $27,318 · fundraising $14,602
-
17 · Travel
total $5,324 · program services $3,850 · management and general $1,210 · fundraising $264
-
19 · Conferences, conventions and meetings
total $19,989 · program services $17,589 · management and general $2,400
-
23 · Insurance
total $6,271 · management and general $6,271
-
24a · Other expenses: PROFESSIONAL DEVELOPMEN
total $9,442 · program services $3,309 · management and general $2,197 · fundraising $3,936
-
24b · Other expenses: MEMBERSHIP DUES
total $4,249 · program services $3,189 · management and general $730 · fundraising $330
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $231,982 · end of year $315,239
-
3 · Pledges and grants receivable
beginning of year $69,899 · end of year $22,974
-
9 · Prepaid expenses and deferred charges
beginning of year $21,416 · end of year $9,013
-
10a · Land, buildings and equipment: cost or other basis
$392,205
-
10c · Land, buildings and equipment, net
beginning of year $392,205 · end of year $392,205
-
11 · Investments: publicly traded securities
beginning of year $17,127,079 · end of year $18,913,275
-
15 · Other assets
beginning of year $5,000 · end of year $5,000
-
17 · Accounts payable and accrued expenses
beginning of year $822 · end of year $8,040
-
25 · Other liabilities
beginning of year $55,510 · end of year $52,165
-
27 · Net assets without donor restrictions
beginning of year $5,375,110 · end of year $6,312,632
-
28 · Net assets with donor restrictions
beginning of year $12,416,139 · end of year $13,284,869
Mission and programs · 2023
Mission
THE BRCC EDUCATIONAL FOUNDATION BUILDS COMMUNITY RELATIONSHIPS AND SECURES RESOURCES TO STRENGTHEN THE PROGRAMS AND SERVICES OF BLUE RIDGE COMMUNITY COLLEGE. THE COLLEGE'S IMPACT ON THE COMMUNITY IS PROFOUND, PROVIDING THE PATHWAY TO SUCCESS FOR STUDENTS AND LOCAL EMPLOYERS. CURRENT STATE AND LOCAL APPROPRIATIONS PROVIDE FUNDING FOR ONLY THE BASIC OPERATIONS OF THE COLLEGE AND ARE NOT SUFFICIENT TO KEEP PACE WITH THE CHALLENGES OF MEETING BRCC'S DIVERSE STUDENT NEEDS AND ADDRESSING WORKFORCE DEVELOPMENT SERVICES AND PROGRAMS. TO MEET THE COMMUNITY'S INCREASING NEEDS FOR PROGRAMS, SERVICES, FACILITIES, AND SCHOLARSHIPS, PRIVATE FUNDS ARE NECESSARY. FUNDS RAISED BY THE BRCC EDUCATIONAL FOUNDATION REPRESENT THE DIFFERENCE BETWEEN ADEQUACY, AS PROVIDED BY TRADITIONAL SOURCES OF FUNDING, AND EXCELLENCE, THAT ONLY PRIVATE INVESTMENT CAN PROVIDE.
Activities or mission (Part I)
THE FOUNDATION PROVIDES GRANTS FOR SCHOLARSHIPS AND OTHER SUPPORT TO BLUE RIDGE COMMUNITY COLLEGE.
-
Withheld by Nonprofiteer: this text may name a private individual.
Expenses $513,929 · Grants $513,929
-
THE FOUNDATION PAID $308,969 FOR EQUIPMENT AND FACILITY-ENHANCING FURNISHINGS FOR VARIOUS PROGRAMS AND AREAS ACROSS CAMPUS, WHICH INCLUDED THE FOLLOWING: PURCHASED EQUIPMENT TO HELP LAUNCH A NEW PHARMACY TECHNICIAN PROGRAM TO ADDRESS EMPLOYMENT SHORTAGES AT LOCAL PHARMACIES MADE IMPROVEMENTS TO THE DOG AND CAT KENNEL ROOMS FOR VETERINARY TECHNOLOGY PURCHASED A SIDE-BY-SIDE UTILITY VEHICLE FOR THE BUILDINGS AND GROUNDS DEPARTMENT UPGRADED TECHNOLOGY TO KEEP THE BLACK BOX THEATER IN THE FINE ARTS CENTER STATE-OF-THE-ART PURCHASED FURNISHINGS TO CREATE WELCOMING AND PRODUCTIVE SPACES FOR STUDENTS AND COMMUNITY MEMBERS TO GATHER FOR STUDY AND NETWORKING OPPORTUNITIES
Expenses $308,969 · Grants $308,969
-
THE FOUNDATION PROVIDED SALARY REIMBURSEMENTS IN THE AMOUNT OF $221,436 TO THE COLLEGE IN SUPPORT OF AN AGRICULTURE ADMISSIONS ADVISOR POSITION, THE EMERGENCY MEDICAL SERVICES PROGRAM, CAREER COACHES IN 12 PUBLIC HIGH SCHOOLS IN OUR SERVICE REGION, NURSING FACULTY AND HEALTHCARE-RELATED WORKFORCE CERTIFICATE PROGRAMS.
Expenses $221,436 · Grants $221,436
-
OTHER PROGRAM SERVICES INCLUDED, BUT WERE NOT LIMITED TO: PROVIDING MEANINGFUL EMERGENCY FINANCIAL ASSISTANCE FOR STUDENTS IN NEED UNDERWROTE 10 INSTRUCTIONAL MINI-GRANTS THAT ENHANCE FACULTY EFFECTIVENESS IN THE CLASSROOM SUPPORT FOR THE JOBSTARTER ADVANCED MANUFACTURING TRAINING PROGRAM IN PARTNERSHIP WITH AREA MANUFACTURING COMPANIES
Expenses $198,036 · Grants $143,153
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.
Listed in Part VII
-
Andrew P VanhookANDREW P VANHOOK
CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Bret HarrisonBRET HARRISON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Anastasia O TriplettANASTASIA O TRIPLETT
TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
John A DowneyJOHN A DOWNEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth R BowardKENNETH R BOWARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Price A Boxley IVPRICE A BOXLEY IV
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Kelly R S BlosserKELLY R S BLOSSER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Crystal L FarmerCRYSTAL L FARMER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Cynthia K DidawickCYNTHIA K DIDAWICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Steve F ElkinsSTEVE F ELKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Dinah H GottschalkDINAH H GOTTSCHALK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Donna S HahnDONNA S HAHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
James C HawkingsJAMES C HAWKINGS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Larry LandesLARRY LANDES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Thomas C MendezTHOMAS C MENDEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
David R MetzDAVID R METZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Paula C Moore-McClurePAULA C MOORE-MCCLURE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Mary PavlovskayaMARY PAVLOVSKAYA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Tassie L PippertTASSIE L PIPPERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Justin T RexrodeJUSTIN T REXRODE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Catherine H HughesCATHERINE H HUGHES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Holly M RasheedHOLLY M RASHEED
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Courtney ThompsonCOURTNEY THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
B Randolph RollerB RANDOLPH ROLLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Keith VanbenschotenKEITH VANBENSCHOTEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Amy KigerAMY KIGER
EXECUTIVE DIRECTOR
- Total calculated
- $133,508
- From this org
- $0
- From related orgs
- $103,247
- Other
- $30,261
- Hours/week
- 40
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.
Grants on this return
-
BLUE RIDGE COMMUNITY COLLEGE
$1,187,487
SCHOLARSHIP AWARDS TO BRCC STUDENTS, MINI-GRANTS TO BRCC FACULTY MEMBERS, SALARY REIMBURSEMENT FOR BRCCNURSING FACULTY MEMBERS, PURCHASE OF PROGRAM SUPPLIES
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.
-
BLUE RIDGE COMMUNITY COLLEGE
115 · COST SHARING OF PERSONNEL · VA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423459349300612
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