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Nonprofiteer
← THE VIRGINIA COLLEGE FUND

Form 990 for tax year 2022

Filed by THE VIRGINIA COLLEGE FUND.

Totals

Total revenue
$1,014,618
Total expenses
$681,917
Contributions and grants received
$1,014,102
Grants paid
$296,543
Program service revenue
$0
Investment income
$516
Other revenue
$0
Total assets, end of year
$713,782
Total liabilities, end of year
$317,872
Net assets or fund balances, end of year
$395,910
Program services expenses (Part IX)
$434,598
Management and general expenses
$89,241
Fundraising expenses
$158,078
Program service expenses (Part III)
$434,598

Program services were 63.7% 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.

  • 1b · Membership dues

    $368,718

  • 1f · All other contributions, gifts and grants

    $645,384

  • 3 · Investment income

    total $516 · excluded $516

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $296,543 · program services $296,543

  • 5 · Compensation of officers, directors and key employees

    total $120,000 · program services $24,000 · management and general $36,000 · fundraising $60,000

  • 7 · Other salaries and wages

    total $16,500 · program services $3,300 · management and general $4,950 · fundraising $8,250

  • 8 · Pension plan contributions

    total $6,600 · program services $1,320 · management and general $1,980 · fundraising $3,300

  • 9 · Other employee benefits

    total $17,142 · program services $3,428 · management and general $5,143 · fundraising $8,571

  • 10 · Payroll taxes

    total $12,335 · program services $2,467 · management and general $3,701 · fundraising $6,167

  • 11c · Fees: accounting

    total $16,500 · management and general $16,500

  • 13 · Office expenses

    total $11,977 · program services $1,508 · management and general $3,013 · fundraising $7,456

  • 14 · Information technology

    total $1,122 · program services $561 · fundraising $561

  • 16 · Occupancy

    total $18,940 · program services $7,096 · management and general $3,948 · fundraising $7,896

  • 17 · Travel

    total $13,327 · fundraising $13,327

  • 19 · Conferences, conventions and meetings

    total $11,574 · program services $3,858 · management and general $3,858 · fundraising $3,858

  • 22 · Depreciation, depletion and amortization

    total $800 · program services $800

  • 23 · Insurance

    total $1,952 · management and general $1,952

  • 24a · Other expenses: ADMINISTRATIVE SERVICES

    total $120,612 · program services $85,912 · fundraising $34,700

  • 24b · Other expenses: REBRANDING

    total $6,335 · management and general $6,335

  • 24c · Other expenses: PARKING

    total $6,259 · program services $2,504 · management and general $1,251 · fundraising $2,504

  • 24d · Other expenses: MEMBERSHIPS & DUES

    total $2,602 · program services $1,301 · fundraising $1,301

  • 24e · All other expenses

    total $797 · management and general $610 · fundraising $187

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,022 · end of year $285,574

  • 2 · Savings and temporary cash investments

    beginning of year $296,568 · end of year $106,971

  • 3 · Pledges and grants receivable

    beginning of year $36,000 · end of year $311,000

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

    $5,461

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

    $4,261

  • 10c · Land, buildings and equipment, net

    beginning of year $1,035 · end of year $1,200

  • 15 · Other assets

    beginning of year $676 · end of year $9,037

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,356 · end of year $12,843

  • 25 · Other liabilities

    beginning of year $340,736 · end of year $305,029

  • 27 · Net assets without donor restrictions

    beginning of year $44,424 · end of year $61,206

  • 28 · Net assets with donor restrictions

    beginning of year $18,785 · end of year $334,704

Mission and programs · 2022

Mission

SOLICITATION OF PUBLIC CONTRIBUTIONS ON BEHALF OF MEMBER COLLEGES. PROVIDES FOUNDATIONS, BUSINESSES, AND INDIVIDUALS A CONVENIENT WAY OF SUPPORTING SMALL COLLEGES AND UNIVERSITIES IN VIRGINIA.

  • DISTRIBUTIONS OF PUBLIC CONTRIBUTIONS TO MEMBER COLLEGES AND UNIVERSITIES

    Expenses $434,598 · Grants $296,543

As filed on the 2022 return.

Listed in Part VII

  • CARTHAN F CURRIN III

    PRESIDENT

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JEANNIE P BALILES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • D BRUCE CHRISTIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN DESSART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HAROLD E JOHNSON ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J LEE E OSBORNE ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN G ROCOVICH JR ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JERRY L GWALTNEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRAD N HALL

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • C HOLLAND PERDUE III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAREN R JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROY E BUCHER JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VIREN R KAPADIA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES M KELLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TELFON L LOGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD W LOVING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FREDERICK V MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MIRTA MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH A MCCLANAHAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIAN MOSIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIMOTHY O'DONNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LARRY L PARKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ADAM T PEACHEE

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • DAVID W OLIVE PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN SCHULTZ-HUXMAN PHD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIFFANY M FRANKS PHD

    SECRETARY/TR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH G POVAR

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BROOKS POWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDITH R TRUMBO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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
2022
Filed
14 December 2023
IRS schema version
2022v5.0
Source object
202323489349301502

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