Form 990 for tax year 2023
Filed by TIDEWATER COMMUNITY COLLEGE REAL ESTATE FOUNDATION INC.
Totals
- Total revenue
- $1,757,346
- Total expenses
- $1,048,071
- Contributions and grants received
- $65,788
- Grants paid
- $0
- Program service revenue
- $577,035
- Investment income
- $202,626
- Other revenue
- $911,897
- Total assets, end of year
- $23,075,065
- Total liabilities, end of year
- $10,500,516
- Net assets or fund balances, end of year
- $12,574,549
- Program services expenses (Part IX)
- $916,459
- Management and general expenses
- $131,612
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $916,459
Program services were 87.4% 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
$65,788
-
2a · Program service revenue: RENTAL INCOME
total $577,035 · related or exempt $577,035
-
3 · Investment income
total $194,628 · excluded $194,628
-
7a · Gross sales of assets other than inventory
securities $2,713,906
-
7b · Less cost or other basis and sales expenses
securities $2,705,908
-
7c · Gain or loss
securities $7,998
-
7d · Net gain or loss
total $7,998 · excluded $7,998
-
11a · Other revenue: GAIN ON UTILITY EASEMENT
total $911,897 · excluded $911,897
-
11e · Other revenue, total
$911,897
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $139,081 · program services $104,973 · management and general $34,108
-
11c · Fees: accounting
total $15,000 · management and general $15,000
-
11f · Fees: investment management
total $25,450 · management and general $25,450
-
11g · Fees: other
total $127,280 · program services $94,865 · management and general $32,415
-
14 · Information technology
total $8,119 · management and general $8,119
-
16 · Occupancy
total $372,380 · program services $372,380
-
17 · Travel
total $1,331 · management and general $1,331
-
19 · Conferences, conventions and meetings
total $750 · management and general $750
-
22 · Depreciation, depletion and amortization
total $338,973 · program services $338,973
-
23 · Insurance
total $3,601 · management and general $3,601
-
24a · Other expenses: PERSONNEL SERVICES
total $10,000 · management and general $10,000
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $4,435 · program services $4,435
-
24c · Other expenses: OTHER
total $1,671 · program services $833 · management and general $838
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $296,748 · end of year $251,585
-
9 · Prepaid expenses and deferred charges
beginning of year $14,656 · end of year $28,639
-
10a · Land, buildings and equipment: cost or other basis
$18,300,409
-
10b · Land, buildings and equipment: accumulated depreciation
$2,435,353
-
10c · Land, buildings and equipment, net
beginning of year $14,912,070 · end of year $15,865,056
-
11 · Investments: publicly traded securities
beginning of year $5,650,357 · end of year $5,966,785
-
15 · Other assets
beginning of year $0 · end of year $963,000
-
17 · Accounts payable and accrued expenses
beginning of year $884,837 · end of year $240,702
-
19 · Deferred revenue
beginning of year $272,706 · end of year $379,810
-
23 · Secured mortgages and notes payable
beginning of year $8,385,333 · end of year $9,880,004
-
27 · Net assets without donor restrictions
beginning of year $11,330,955 · end of year $12,574,549
Mission and programs · 2023
Mission
TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF TIDEWATER COMMUNITY COLLEGE.
-
MATTERS PERTAINING TO REAL ESTATE PROPERTY FOR THE BENEFIT OF TIDEWATER COMMUNITY COLLEGE.
Expenses $916,459 · Revenue $577,035
As filed on the 2023 return.
Listed in Part VII
-
Marcia ConstonMARCIA CONSTON
TCC PRESIDENT
- Total calculated
- $377,625
- From this org
- $0
- From related orgs
- $290,827
- Other
- $86,798
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $260,665 related
- Bonus
- $0
- Other
- $0 + $30,162 related
- Deferred
- $0 + $73,048 related
- Nontaxable benefits
- $0 + $13,750 related
- Filer's total
- $0 + $377,625 related
-
Christopher HarveyCHRISTOPHER HARVEY
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Prescott SherrodPRESCOTT SHERROD
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jim SporeJIM SPORE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Gordon ParkerGORDON PARKER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jeff AinslieJEFF AINSLIE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Allison DunleavyALLISON DUNLEAVY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John D PadgettJOHN D PADGETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jane ShortJANE SHORT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel SpeightDANIEL SPEIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven C WrightSTEVEN C WRIGHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John RoweJOHN ROWE
TCC EDUCATION FOUNDATION D
- Total calculated
- $0
- Hours/week
- 1
-
Kirk HoustonKIRK HOUSTON
TCC COLLEGE BOARD DESIGNEE
- Total calculated
- $0
- Hours/week
- 1
-
Lee B ArmisteadLEE B ARMISTEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dorcas Helfant-BrowingDORCAS HELFANT-BROWING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Burrell F SaundersBURRELL F SAUNDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Clyde ClarkCLYDE CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jake MarshallJAKE MARSHALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann Lee BamforthANN LEE BAMFORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Philip Page JrPHILIP PAGE JR
TCC REAL ESTATE FOUNDATION DIRECTOR
- Total calculated
- $151,140
- From this org
- $0
- From related orgs
- $111,692
- Other
- $39,448
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $111,194 related
- Bonus
- $0
- Other
- $0 + $498 related
- Deferred
- $0 + $16,340 related
- Nontaxable benefits
- $0 + $23,108 related
- Filer's total
- $0 + $151,140 related
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.
-
TIDEWATER COMMUNITY COLLEGE
GOVERNMENT · EDUCATION · VA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 8 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443139349303074
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