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← WYTHEVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2023

Filed by WYTHEVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$2,417,057
Total expenses
$1,317,865
Contributions and grants received
$2,117,753
Grants paid
$1,155,031
Program service revenue
$0
Investment income
$299,304
Other revenue
$0
Total assets, end of year
$15,900,454
Total liabilities, end of year
$19,847
Net assets or fund balances, end of year
$15,880,607
Program services expenses (Part IX)
$1,189,235
Management and general expenses
$95,742
Fundraising expenses
$32,888
Program service expenses (Part III)
$1,189,235

Program services were 90.2% 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.

  • 1f · All other contributions, gifts and grants

    $2,117,753

  • 1g · Noncash contributions included above

    $111,909

  • 3 · Investment income

    total $299,304 · excluded $299,304

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $82,594 · program services $82,594

  • 2 · Grants to domestic individuals

    total $1,072,437 · program services $1,072,437

  • 11c · Fees: accounting

    total $22,650 · management and general $22,650

  • 11f · Fees: investment management

    total $62,519 · management and general $62,519

  • 13 · Office expenses

    total $7,783 · management and general $6,390 · fundraising $1,393

  • 14 · Information technology

    total $1,572 · management and general $1,572

  • 17 · Travel

    total $5,144 · management and general $1,801 · fundraising $3,343

  • 23 · Insurance

    total $446 · management and general $446

  • 24a · Other expenses: SPECIAL EVENTS

    total $51,996 · program services $30,306 · fundraising $21,690

  • 24b · Other expenses: DONOR/VOLUNTEER CULTIVATI

    total $6,462 · fundraising $6,462

  • 24c · Other expenses: FACULTY SUPPORT

    total $3,898 · program services $3,898

  • 24d · Other expenses: EQUIPMENT MAINTENANCE

    total $364 · management and general $364

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $459,396 · end of year $269,458

  • 3 · Pledges and grants receivable

    beginning of year $7,360 · end of year $7,840

  • 4 · Accounts receivable

    beginning of year $143,858 · end of year $384,576

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

    $215,293

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

    $400

  • 10c · Land, buildings and equipment, net

    beginning of year $214,893 · end of year $214,893

  • 11 · Investments: publicly traded securities

    beginning of year $12,922,673 · end of year $15,023,687

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,044 · end of year $19,847

  • 27 · Net assets without donor restrictions

    beginning of year $225,472 · end of year $242,722

  • 28 · Net assets with donor restrictions

    beginning of year $13,495,664 · end of year $15,637,885

Mission and programs · 2023

Mission

THE PURPOSE OF THE WYTHEVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION, INC. IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF THE WYTHEVILLE COMMUNITY COLLEGE AND THE VIRGINIA COMMUNITY COLLEGE SYSTEM AND PARTICULARLY, BUT WITHOUT LIMITATION, TO: PROVIDE MONEY, PERSONNEL, OR OTHER AID FOR THE STRENGTHENING, DEVELOPMENT, AND ENLARGEMENT OF THE COLLEGE AND ITS PROGRAMS NOW IN EXISTENCE OR HEREAFTER CREATED; MAKE DONATIONS OR CONTRIBUTIONS TO, OR ASSIST IN THE SUPPORT OF CURRENT COLLEGE ACTIVITIES AND UNDERTAKINGS OR THE ESTABLISHMENT AND SUPPORT OF ANY NEW FUNCTIONS AND/OR OBJECTIVES; PURCHASE OR MAKE CONTRIBUTIONS TOWARD THE ACQUISITION OF BOOKS, MATERIALS, AND EQUIPMENT OR THE ERECTION AND CONSTRUCTION OF BUILDINGS AND FACILITIES, WHICH WILL CONTRIBUTE TO THE EDUCATIONAL AND ADMINISTRATIVE RESOURCES OF THE COLLEGE; PROVIDE EDUCATIONAL LOANS, SCHOLARSHIPS, OR GRANTS IN AID FOR STUDENTS OF THE COLLEGE; AND CONTRIBUTE TO PROPER FUNCTIONS SPONSORED BY THE COLLEGE.

Activities or mission (Part I)

THE WYTHEVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION, INC. SEEKS TO SECURE PRIVATE RESOURCES TO SUPPORT WYTHEVILLE COMMUNITY COLLEGE AND THE STUDENTS THAT WE SERVE.

  • THE FOUNDATION'S LARGEST PROGRAM WAS FOR SCHOLARSHIP SUPPORT. THE FOUNDATION PRIMARILY PROVIDES SCHOLARSHIPS AND AWARDS TO DESERVING WYTHEVILLE COMMUNITY COLLEGE STUDENTS.

    Expenses $1,072,437 · Grants $1,072,437

  • THE SECOND LARGEST PROGRAM WAS FOR SUPPORT OF COLLEGE PROGRAMS AND ACTIVITIES.

    Expenses $82,594 · Grants $82,594

  • THE THIRD LARGEST PROGRAM IS TO PROVIDE FACULTY SUPPORT, HOST SPECIAL EVENTS, AND TO CULTIVATE DONORS AND VOLUNTEERS.

    Expenses $34,204

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MITCH G ANDERS

    MEMBER

    Total calculated
    $0

  • RICKY ANDERSON

    MEMBER

    Total calculated
    $0

  • DR BECKY BEAMER

    MEMBER

    Total calculated
    $0

  • DALE CLARK

    MEMBER

    Total calculated
    $0

  • LARRY CORVIN

    MEMBER

    Total calculated
    $0

  • DAVID DICKENS

    TREASURER

    Total calculated
    $0

  • JEFF DUNNACK

    MEMBER

    Total calculated
    $0

  • BETTY ELMORE

    MEMBER

    Total calculated
    $0

  • JIM HARRINGTON

    MEMBER

    Total calculated
    $0

  • W ROBERT HORTON

    MEMBER

    Total calculated
    $0

  • TOMMY F HUNDLEY

    VICE PRESIDE

    Total calculated
    $0

  • EDWARD A HANKS II

    MEMBER

    Total calculated
    $0

  • THOMAS M JACKSON III

    MEMBER

    Total calculated
    $0

  • CAMERON WOLFE JR

    PRESIDENT

    Total calculated
    $0

  • TROY SAGE

    MEMBER

    Total calculated
    $0

  • BRIAN SPENCER

    MEMBER

    Total calculated
    $0

  • DEAN SPRINKLE

    SECRETARY

    Total calculated
    $0

  • J ED STRINGER

    MEMBER

    Total calculated
    $0

  • LORRAINE V WADDLE

    MEMBER

    Total calculated
    $0

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

Provenance

Return type
form_990
Tax year
2023
Filed
1 May 2024
IRS schema version
2023v5.0
Source object
202411319349301441

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