Form 990 for tax year 2024

Totals

Total revenue

$10,190,884

Total expenses

$8,071,245

Contributions and grants received

$8,036,684

Grants paid

$6,163,892

Program service revenue

$0

Investment income

$2,154,200

Other revenue

$0

Total assets, end of year

$17,083,226

Total liabilities, end of year

$659,615

Net assets or fund balances, end of year

$16,423,611

Program services expenses (Part IX)

$7,028,889

Management and general expenses

$587,820

Fundraising expenses

$454,536

Program service expenses (Part III)

$7,028,889

Program services were 87.1% 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.

Mission and programs · 2024

• SCHOLARSHIPS SINCE 2006, THE FOUNDATION HAS SUPPORTED HUNDREDS OF STUDENTS ACROSS VIRGINIA'S 23 COMMUNITY COLLEGES THROUGH ITS SCHOLARSHIPS AND FELLOWSHIPS PROGRAM. THANKS TO OUR GENEROUS PARTNERS, THE VFCCE HAS AWARDED MORE THAN $7 MILLION IN SCHOLARSHIPS, HELPING STUDENTS SUCCEED AND REACH THEIR EDUCATIONAL GOALS. FOR THE 2024 -25 ACADEMIC YEAR, 110 SCHOLARSHIPS WERE AWARDED, TOTALING $511,250. THE PRESTIGIOUS FELLOWS PROGRAM AWARDS HIGH-ACHIEVING SECOND-YEAR STUDENTS WITH FULL SCHOLARSHIP SUPPORT TO COMPLETE ASSOCIATE DEGREES AND DEVELOP LEADERSHIP SKILLS THROUGH A COHORT MODEL. SINCE ITS LAUNCH IN 2011, THE FELLOWS PROGRAM HAS SUPPORTED 348 STUDENTS THROUGH FINANCIAL ASSISTANCE, MENTORING, AND LEADERSHIP TRAINING.COLLEGE ATTAINMENT FOR PARENT STUDENTS (CAPS)THE VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION (VFCCE) LAUNCHED A CRITICAL INITIATIVE IN 2023 TO SUPPORT SINGLE PARENTS FROM LOW-INCOME BACKGROUNDS AS THEY PURSUE COLLEGE. THE COLLEGE ATTAINMENT FOR PARENT STUDENTS (CAPS) PROGRAM ADVANCES A TWO-GENERATION, ANTI-POVERTY SOLUTION THAT INCREASES EMPLOYMENT AND INCOME OPPORTUNITIES BY PROVIDING COMPREHENSIVE COACHING SERVICES AND TARGETED FINANCIAL ASSISTANCE. THE PILOT PROGRAM SERVED 100 PARENT STUDENTS ACROSS FIVE COLLEGES PROVIDING DIRECT STUDENT SUPPORT THROUGH A COHORT MODEL AND HELPED TO IDENTIFY STRUCTURAL CHALLENGES THAT ARE HINDERING PARENT-STUDENT SUCCESS. CAPS WILL BE RELAUNCHED IN FALL 2025 TO ENGAGE MORE COLLEGES AND SUPPORT MORE PARENT STUDENTS STATEWIDE.SINCE MAY 2025, THE CAPS PROGRAM HAS SUCCESSFULLY TRANSITIONED FROM ITS PILOT PHASE INTO A ROBUST STATEWIDE EXPANSION ACROSS THE VIRGINIA COMMUNITY COLLEGE SYSTEM. THE VISION FOR THIS EXPANSION IS TO GROW FROM AN INITIAL FIVE-COLLEGE PILOT SERVING 189 STUDENTS TO SUPPORTING UP TO 1,500 STUDENTS OVER THE NEXT THREE YEARS, WHILE CONTINUING TO DRIVE INCREASED GRADUATION AND RETENTION RATES. BY DEVELOPING AN INTEGRAL PROGRAM TOOL KIT AND GATHERING CRITICAL STUDENT DEMOGRAPHIC DATA, THE PROGRAM ESTABLISHED A DATA-DRIVEN INFRASTRUCTURE TO SUPPORT ONBOARDING COLLEGES. THIS EXPANSION WAS FURTHER STRENGTHENED BY OBTAINING ADDITIONAL FUNDING, ESTABLISHING A TIERED ALLOCATION MODEL BASED ON ENROLLMENT SIZE, AND CREATING STANDARDIZED GUIDELINES TO ENSURE EQUITABLE DISTRIBUTION. TO MAINTAIN HIGH-QUALITY IMPLEMENTATION, THE PROGRAM ALLOCATED RESOURCES TO THE ORIGINAL PILOT COLLEGES TO PROVIDE MENTORING AND LEADERSHIP THROUGH A NEWLY ESTABLISHED COMMUNITY OF PRACTICE FOR COACHES. CURRENTLY OPERATIONAL IN 21 OUT OF 23 COMMUNITY COLLEGES, CAPS HAS SEEN AN INCREASE OF ABOUT 700 ENROLLED PARENT STUDENTS. THE INITIATIVE CONTINUES TO ALIGN WITH STATEWIDE GOALS BY HOSTING COLLABORATIVE MEETINGS AND IMPACT SESSIONS. THESE SESSIONS FEATURE FORMER RECIPIENTS WHO SHARE THEIR EXPERIENCES, HIGHLIGHTING HOW COACHING AND FINANCIAL SUPPORT HAVE POSITIVELY TRANSFORMED THE ACADEMIC CAREERS OF STUDENT PARENTS.

  Expenses $3,139,387 · Grants $2,819,857

• THE GREAT EXPECTATIONS (GE) PROGRAM HELPS YOUNG PEOPLE WHO HAVE NAVIGATED THE FOSTER CARE SYSTEM COMPLETE HIGH SCHOOL, GAIN ACCESS AND SUCCEED IN COLLEGE, AND TRANSITION SUCCESSFULLY TO LIVING INDEPENDENTLY. SINCE THE PROGRAM BEGAN 17 YEARS AGO, ALMOST 5000 STUDENTS HAVE PARTICIPATED WITH 22% EARNING A CREDENTIAL, ALMOST 3 TIMES THE NATIONAL AVERAGE FOR STUDENTS WITH EXPERIENCE IN FOSTER CARE.THE FALL 2024 TO FALL 2025 PERSISTENCE RATE FOR GE STUDENTS WAS 68%, WITH STUDENTS EARNING 47 ASSOCIATE DEGREES, 19 TRANSFERS TO 4-YEAR COLLEGES AND UNIVERSITIES, AND 9 FAST FORWARD WORKFORCE CREDENTIALS.

  Expenses $976,326 · Grants $850,080

• THE GERALD L. BALILES RURAL VIRGINIA HORSESHOE INITIATIVE AWARD (RVHI), ESTABLISHED IN 2014, CONTINUES THE MISSION TO RAISE EDUCATIONAL ATTAINMENT LEVELS FOR STUDENTS IN RURAL VIRGINIA. RVHI PROVIDES CAREER COACHES IN RURAL HIGH SCHOOLS TO ENCOURAGE HIGH SCHOOL AND COLLEGE COMPLETION AND OFFERS FINANCIAL INCENTIVES AND TO ASSIST ADULT LEARNERS RETURN TO HIGHER EDUCATION AND TRAINING.FOURTEEN RURAL COMMUNITY COLLEGES PARTICIPATE IN THE PROGRAM. THE PROGRAM HAS TWO 10-YEAR GOALS. ONE IS TO REDUCE THE NUMBER OF RESIDENTS OF THE RURAL HORSESHOE REGION THAT HAVE NOT EARNED A HIGH SCHOOL DIPLOMA BY HALF, FROM 20% TO 10%. SINCE 2012, THAT METRIC HAS LOWERED TO 11.4%. THE OTHER IS TO DOUBLE THE POPULATION IN THE RURAL HORSESHOE WITH AN ASSOCIATE DEGREE OR CAREER CERTIFICATION. IN 2012, THAT PERCENTAGE WAS 26%. AS OF THIS REPORT, THAT METRIC IS UP TO 54.3%.SINCE THE PROGRAM'S INCEPTION, 110,365 STUDENTS WERE SERVED BY 28 HIGH SCHOOL CAREER COACHES, EITHER ON A ONE-TO-ONE BASIS, OR IN SMALL GROUPS. THANKS TO ENGAGED DONORS, THE VFCCE PROVIDES MATCH FUNDING THAT IS LEVERAGED BY LOCAL COLLEGE FOUNDATIONS TO SUPPORT THE PROGRAM.

  Expenses $689,344 · Grants $689,194

• Expenses $2,223,832 · Grants $1,804,761

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

• LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

  $536,420

  TO SUPPORT THE CAPS, GREAT EXPECTATIONS, VA INFRASTRUCTURE ACADEMY SKILLED TRADES TRAINING AND WORKFORCE PROGRAMS.

• VIRGINIA COMMUNITY COLLEGE SYSTEM

  $401,042

  TO SUPPORT THE MELLON, CAPS, CLAUDE MOORE SCHOLARS, CLARK FOUNDATION ENGINEERING AND WORKFORCE PROGRAMS.

• WYTHEVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

  $379,836

  TO SUPPORT THE RURAL VIRGINIA HORSESHOE INITIATIVE, VA INFRASTRUCTURE ACADEMY SKILLED TRADES TRAINING, GREAT EXPECTATIONS AND STUDENT EMERGENCY PROGRAMS.

• BLUE RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

  $349,620

  TO SUPPORT THE RURAL VIRGINIA HORSESHOE INITIATIVE, VA INFRASTRUCTURE ACADEMY SKILLED TRADES TRAINING AND WORKFORCE PROGRAMS.

• MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION

  $300,000

  TO SUPPORT VA INFRASTRUCTURE ACADEMY SKILLED TRADES TRAINING PROGRAM.

• SOUTHWEST VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

  $175,675

  TO SUPPORT THE RURAL VIRGINIA HORSESHOE INITIATIVE, STUDENT EMERGENCY AND WORKFORCE PROGRAMS.

• TIDEWATER COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

  $155,450

  TO SUPPORT THE CAPS, GREAT EXPECTATIONS, STUDENT SUCCESS FUND AND WORKFORCE PROGRAMS.

• BRIGHTPOINT COMMUNITY COLLEGE

  $153,227

  TO SUPPORT THE MELLON AND CAPS PROGRAM.

• TIDEWATER COMMUNITY COLLEGE

  $130,325

  TO SUPPORT SKILLED TRADES TRAINING AND EARLY CHILDHOOD EDUCATORS PROGRAM.

• PAUL D CAMP COMMUNITY COLLEGE FOUNDATION

  $129,259

  TO SUPPORT THE RURAL VIRGINIA HORSESHOE INITIATIVE AND STUDENT SUCCESS FUND PROGRAMS.

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type

form_990

Tax year

2024

Filed

7 May 2026

IRS schema version

2024v5.5

Source object

202611289349300026

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.