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← PIEDMONT VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

Form 990 for tax year 2024

Filed by PIEDMONT VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION.

Totals

Total revenue
$3,462,161
Total expenses
$2,730,044
Contributions and grants received
$3,039,245
Grants paid
$2,210,845
Program service revenue
$0
Investment income
$422,916
Other revenue
$0
Total assets, end of year
$31,631,059
Total liabilities, end of year
$178,726
Net assets or fund balances, end of year
$31,452,333
Program services expenses (Part IX)
$2,248,397
Management and general expenses
$361,717
Fundraising expenses
$119,930
Program service expenses (Part III)
$2,248,397

Program services were 82.4% 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

    $3,039,245

  • 1g · Noncash contributions included above

    $134,520

  • 3 · Investment income

    total $417,820 · excluded $417,820

  • 7a · Gross sales of assets other than inventory

    securities $139,616

  • 7b · Less cost or other basis and sales expenses

    securities $134,520

  • 7c · Gain or loss

    securities $5,096

  • 7d · Net gain or loss

    total $5,096 · excluded $5,096

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,210,845 · program services $2,210,845

  • 5 · Compensation of officers, directors and key employees

    total $89,711 · management and general $44,856 · fundraising $44,855

  • 7 · Other salaries and wages

    total $91,035 · program services $7,552 · management and general $64,973 · fundraising $18,510

  • 11c · Fees: accounting

    total $23,268 · management and general $23,268

  • 11f · Fees: investment management

    total $151,655 · management and general $151,655

  • 11g · Fees: other

    total $30,000 · program services $30,000

  • 13 · Office expenses

    total $63,830 · management and general $63,830

  • 17 · Travel

    total $401 · fundraising $401

  • 19 · Conferences, conventions and meetings

    total $415 · management and general $415

  • 24a · Other expenses: SPECIAL EVENTS

    total $36,922 · fundraising $36,922

  • 24b · Other expenses: POSTAGE/SHIPPING

    total $16,740 · fundraising $16,740

  • 24c · Other expenses: TRAINING

    total $4,471 · management and general $4,471

  • 24e · All other expenses

    total $10,751 · management and general $8,249 · fundraising $2,502

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,801,178 · end of year $12,781,869

  • 3 · Pledges and grants receivable

    beginning of year $938,087 · end of year $713,227

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,215 · end of year $200

  • 11 · Investments: publicly traded securities

    beginning of year $2,009

  • 12 · Investments: other securities

    beginning of year $16,418,706 · end of year $18,135,763

  • 17 · Accounts payable and accrued expenses

    beginning of year $219,298 · end of year $178,726

  • 25 · Other liabilities

    beginning of year $29,001 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,614,072 · end of year $3,546,660

  • 28 · Net assets with donor restrictions

    beginning of year $26,312,824 · end of year $27,905,673

Mission and programs · 2024

Mission

THE PIEDMONT VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION WAS ESTABLISHED IN 1982 TO CULTIVATE AND PROVIDE FINANCIAL AND IN-KIND SUPPORT FOR PIEDMONT VIRGINIA COMMUNITY COLLEGE. THE FOUNDATION IS ORGANIZED AND OPERATED TO FOSTER AND PROVIDE THE GROWTH, PROGRESS AND GENERAL WELFARE OF PIEDMONT VIRGINIA COMMUNITY COLLEGE.

Activities or mission (Part I)

TO CULTIVATE & PROVIDE FINANCIAL & IN-KIND SUPPORT FOR PIEDMONT VIRGINIA COMMUNITY COLLEGE.

  • THE PIEDMONT VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION WAS ESTABLISHED IN 1982 TO CULTIVATE AND PROVIDE FINANCIAL AND IN-KIND SUPPORT FOR PIEDMONT VIRGINIA COMMUNITY COLLEGE, AND IS ORGANIZED AND OPERATED TO FOSTER AND PROVIDE FOR THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE COLLEGE. THE FOUNDATION HELPS ENSURE A MARGIN OF EXCELLENCE AT PVCC BY PROVIDING FUNDS, PERSONNEL OR OTHER ASSISTANCE FOR STRENGTHENING, DEVELOPING AND ENLARGING THE COLLEGE AND ITS CURRENT AND FUTURE PROGRAMS; ASSISTING IN THE SUPPORT OF CURRENT COLLEGE ACTIVITIES AND UNDERTAKINGS OR IN THE ESTABLISHMENT AND SUPPORT OF NEW ACTIVITIES AND UNDERTAKINGS; PURCHASING OR MAKING CONTRIBUTIONS TOWARD THE ACQUISITION OF BOOKS, SUPPLIES, AND EQUIPMENT OR THE CONSTRUCTION OF BUILDINGS AND FACILITIES, WHICH WILL CONTRIBUTE TO THE EDUCATIONAL AND ADMINISTRATIVE RESOURCES OF THE COLLEGE; PROVIDING SCHOLARSHIPS AND FINANCIAL ASSISTANCE FOR STUDENTS OF THE COLLEGE; AND GENERALLY, CONTRIBUTING TO ANY AND ALL PROPER PROJECTS, FUNCTIONS, SERVICES, AND ACTIVITIES CARRIED ON OR SPONSORED BY THE COLLEGE.

    Expenses $2,248,397 · Grants $2,210,845

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

Listed in Part VII

  • Jean Runyon

    SECRETARY

    Total calculated
    $240,235
    From this org
    $0
    From related orgs
    $203,552
    Other
    $36,683
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,552 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,883 related
    Nontaxable benefits
    $0 + $12,800 related
    Filer's total
    $0 + $240,235 related
  • Scott Jefferies

    TREASURER

    Total calculated
    $199,871
    From this org
    $0
    From related orgs
    $167,478
    Other
    $32,393
    Hours/week
    8 + 32 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,478 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,508 related
    Nontaxable benefits
    $0 + $11,885 related
    Filer's total
    $0 + $199,871 related
  • Harry Stillerman

    EXECUTIVE DIRECTOR

    Total calculated
    $179,422
    From this org
    $70,856
    From related orgs
    $70,856
    Other
    $37,710
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $70,856 + $70,856 related
    Bonus
    $0
    Other
    $0
    Deferred
    $5,996 + $5,996 related
    Nontaxable benefits
    $12,859 + $12,859 related
    Filer's total
    $89,711 + $89,711 related
  • Kakie Brooks

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Bobbie Bruner

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Ray Mishler

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Carolyn Rainey

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Joe Raichel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Whit Broome

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • John Casteen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Terry De Guzman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Alison Detuncq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • James Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ben Allen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stuart Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Elsie Thompson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Marge Connelly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Charles Dassance

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Peggy Echols

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tim Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jeff Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kurt Wassenaar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kate Wright

    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. 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

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses

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

  • PIEDMONT VIRGINIA COMMUNITY COLLEGE

    $1,550,371

    SUPPORT

  • PIEDMONT VIRGINIA COMMUNITY COLLEGE

    $647,305

    SCHOLARSHIPS

  • PIEDMONT VIRGINIA COMMUNITY COLLEGE

    $13,169

    OTHER GRANTS

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.

Provenance

Return type
form_990
Tax year
2024
Filed
20 May 2025
IRS schema version
2024v5.1
Source object
202501409349301035

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