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Nonprofiteer
← BLUE RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2022

Filed by BLUE RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$1,490,424
Total expenses
$1,225,654
Contributions and grants received
$1,116,420
Grants paid
$1,028,425
Program service revenue
$0
Investment income
$369,204
Other revenue
$4,800
Total assets, end of year
$17,847,581
Total liabilities, end of year
$56,332
Net assets or fund balances, end of year
$17,791,249
Program services expenses (Part IX)
$1,093,139
Management and general expenses
$112,772
Fundraising expenses
$19,743
Program service expenses (Part III)
$1,093,139

Program services were 89.2% 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.

  • 1c · Fundraising events

    $54,050

  • 1f · All other contributions, gifts and grants

    $1,062,370

  • 1g · Noncash contributions included above

    $69,903

  • 3 · Investment income

    total $490,581 · excluded $490,581

  • 7a · Gross sales of assets other than inventory

    securities $1,336,736

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

    securities $1,458,113

  • 7c · Gain or loss

    securities -$121,377

  • 7d · Net gain or loss

    total -$121,377 · excluded -$121,377

  • 8a · Fundraising events: gross income

    $22,790

  • 8a · Fundraising events: contributions included on line 1c

    $54,050

  • 8b · Fundraising events: direct expenses

    $16,723

  • 8c · Net income from fundraising events

    total $6,067 · excluded $6,067

  • 11a · Other revenue: MISC. REVENUE-RELATED-990

    total -$1,267 · related or exempt -$1,267

  • 11e · Other revenue, total

    -$1,267

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,028,425 · program services $1,028,425

  • 11c · Fees: accounting

    total $16,250 · management and general $16,250

  • 11f · Fees: investment management

    total $63,469 · management and general $63,469

  • 12 · Advertising and promotion

    total $31,267 · program services $25,643 · management and general $2,812 · fundraising $2,812

  • 13 · Office expenses

    total $39,498 · program services $6,633 · management and general $18,500 · fundraising $14,365

  • 17 · Travel

    total $4,922 · program services $2,495 · management and general $2,374 · fundraising $53

  • 19 · Conferences, conventions and meetings

    total $24,985 · program services $22,855 · management and general $2,130

  • 23 · Insurance

    total $6,634 · management and general $6,634

  • 24a · Other expenses: PROFESSIONAL DEVELOPMEN

    total $6,090 · program services $4,238 · management and general $45 · fundraising $1,807

  • 24b · Other expenses: MEMBERSHIP DUES

    total $4,063 · program services $2,850 · management and general $558 · fundraising $655

  • 24c · Other expenses: OTHER

    total $51 · fundraising $51

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $435,314 · end of year $231,982

  • 3 · Pledges and grants receivable

    beginning of year $126,387 · end of year $69,899

  • 7 · Other notes and loans receivable

    beginning of year $230,862 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,996 · end of year $21,416

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

    $392,205

  • 10c · Land, buildings and equipment, net

    beginning of year $392,205 · end of year $392,205

  • 11 · Investments: publicly traded securities

    beginning of year $15,351,610 · end of year $17,127,079

  • 15 · Other assets

    beginning of year $5,000 · end of year $5,000

  • 17 · Accounts payable and accrued expenses

    end of year $822

  • 25 · Other liabilities

    beginning of year $58,783 · end of year $55,510

  • 27 · Net assets without donor restrictions

    beginning of year $4,707,266 · end of year $5,375,110

  • 28 · Net assets with donor restrictions

    beginning of year $11,794,325 · end of year $12,416,139

Mission and programs · 2022

Mission

THE BRCC EDUCATIONAL FOUNDATION BUILDS COMMUNITY RELATIONSHIPS AND SECURES RESOURCES TO STRENGTHEN THE PROGRAMS AND SERVICES OF BLUE RIDGE COMMUNITY COLLEGE. THE COLLEGE'S IMPACT ON THE COMMUNITY IS PROFOUND, PROVIDING THE PATHWAY TO SUCCESS FOR STUDENTS AND LOCAL EMPLOYERS. CURRENT STATE AND LOCAL APPROPRIATIONS PROVIDE FUNDING FOR ONLY THE BASIC OPERATIONS OF THE COLLEGE AND ARE NOT SUFFICIENT TO KEEP PACE WITH THE CHALLENGES OF MEETING BRCC'S DIVERSE STUDENT NEEDS AND ADDRESSING WORKFORCE DEVELOPMENT SERVICES AND PROGRAMS. TO MEET THE COMMUNITY'S INCREASING NEEDS FOR PROGRAMS, SERVICES, FACILITIES, AND SCHOLARSHIPS, PRIVATE FUNDS ARE NECESSARY. FUNDS RAISED BY THE BRCC EDUCATIONAL FOUNDATION REPRESENT THE DIFFERENCE BETWEEN ADEQUACY, AS PROVIDED BY TRADITIONAL SOURCES OF FUNDING, AND EXCELLENCE, THAT ONLY PRIVATE INVESTMENT CAN PROVIDE.

Activities or mission (Part I)

THE FOUNDATION PROVIDES GRANTS FOR SCHOLARSHIPS AND OTHER SUPPORT TO BLUE RIDGE COMMUNITY COLLEGE.

  • DURING THE 2022-23 ACADEMIC YEAR, THE FOUNDATION PROVIDED 131 SCHOLARSHIP AWARDS TOTALING $486,993 TO 408 STUDENTS. THE MAJORITY OF THESE AWARDS WERE BASED ON FINANCIAL NEED. WHILE A DEGREE AT BLUE RIDGE COMMUNITY COLLEGE APPEARS AFFORDABLE, ESPECIALLY COMPARED TO FOUR-YEAR INSTITUTIONS, IT IS BEYOND THE MEANS OF MANY STUDENTS AND FAMILIES IN OUR COMMUNITY. SCHOLARSHIPS WERE PROVIDED TO STUDENTS IN BOTH CREDIT AND NON-CREDIT PROGRAMS. INCLUDED IN THE TOTAL WERE SCHOLARSHIPS PROVIDED TO PARTICIPANTS IN BLUE RIDGE PROMISE, A BRIDGE PROGRAM FOR HIGH SCHOOL SENIORS INTERESTED IN ATTENDING BRCC AFTER GRADUATION, WHICH INCLUDES A ONE-CREDIT STUDENT DEVELOPMENT (SDV) CLASS TO ENCOURAGE FOLLOW-THROUGH ON THEIR COLLEGE GOALS. AWARDS WERE ALSO MADE THROUGH THE CAREER PATHWAYS PROGRAM FOR HIGH SCHOOL STUDENTS TAKING CAREER AND TECHNICAL EDUCATION CLASSES THROUGH CONCURRENT ENROLLMENT OR DUAL ENROLLMENT. ALL OF THESE SCHOLARSHIP AWARDS GIVE STUDENTS THE OPPORTUNITY TO ACHIEVE THEIR CAREER AND LIFE GOALS AND IMPROVE THE QUALITY OF LIFE OF THEIR FAMILIES AND THE COMMUNITIES IN WHICH THEY LIVE AND WORK.

    Expenses $486,993 · Grants $486,993

  • THE FOUNDATION PROVIDED $254,377 IN WAGE REIMBURSEMENTS TO THE COLLEGE IN SUPPORT OF THE AGRICULTURE ADMISSIONS ADVISOR POSITION, AND THE EMERGENCY MEDICAL SERVICES, HIGH SCHOOL CAREER COACHING, NURSING, AND HEALTHCARE-RELATED WORKFORCE CERTIFICATE PROGRAMS.

    Expenses $254,377 · Grants $254,377

  • THE FOUNDATION PROVIDED GRANTS TOTALING $112,733 THAT WERE USED, IN LARGE PART, TO SUPPORT THE JOB STARTER ADVANCED MANUFACTURING TRAINING INITIATIVE. WORKING IN CONJUNCTION WITH THE LOCAL MANUFACTURING INDUSTRY, BRCC PROVIDED TRAINING OPPORTUNITIES EACH QUARTER FOR UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS. SUPPORT ENCOMPASSED STIPENDS TO EACH STUDENT WHO SUCCESSFULLY COMPLETED THE THREE-WEEK TRAINING SESSIONS, AS WELL AS ASSISTANCE WITH TRANSPORTATION COSTS DURING THE TRAINING PERIOD. ON THE LAST DAY OF TRAINING, INTERVIEWS WERE CONDUCTED BY EACH OF THE PARTICIPATING COMPANIES, LEADING TO FULL TIME EMPLOYMENT FOR A MAJORITY OF STUDENTS PARTICIPATING.

    Expenses $112,733 · Grants $112,733

  • OTHER PROGRAM SERVICES INCLUDED, BUT WERE NOT LIMITED TO: EMERGENCY STUDENT ASSISTANCE PROVIDED THROUGH THE STUDENT OUTREACH AND RESOURCE CENTER, INCLUDING LUNCH VOUCHERS, GROCERY CARDS, RENTAL PAYMENTS AND GASOLINE CARDS. DENTAL X-RAY MACHINE FOR THE VETERINARY TECHNOLOGY PROGRAM. REUPHOLSTERY OF CHAIRS IN THE BLACK BOX THEATER LOCATED IN THE FINE ARTS CENTER. WORLDS OF WORK EXPO SUPPORT, WHERE 7TH GRADE STUDENTS WERE INTRODUCED TO A WIDE RANGE OF CAREER OPPORTUNITIES. STRATEGIC INNOVATION GRANT FUNDING THAT PROVIDED A PATHWAY FOR HIGH SCHOOL SENIORS TO ENROLL IN WORKFORCE COURSES AND RECEIVE CREDENTIALS FOR WORK IN CAREERS SUCH AS PHLEBOTOMY, WELDING, PRECISION MACHINERY, HEAVY EQUIPMENT OPERATION, CERTIFIED CLINICAL MEDICAL ASSISTING, AND CERTIFIED MEDICAL ADMINISTRATIVE ASSISTING. SNAP-ON TOOLS FOR THE AVIATION MAINTENANCE TECHNOLOGY PROGRAM. NEW KENNEL CAGES AND EXOTIC ANIMAL EQUIPMENT AND SUPPLIES FOR THE VETERINARY TECHNOLOGY PROGRAM. LUNCH AND TRANSPORTATION EXPENSES FOR EIGHT EXPLORING COLLEGE VISITS FROM AREA MIDDLE SCHOOLS. PURCHASE OF AN INTERNATIONAL CE SERIES BUS FOR THE COMMERCIAL DRIVING PROGRAM. INSTRUCTIONAL MINI-GRANTS IN SUPPORT OF THE BUSINESS/ACCOUNTING, THEATER, AND VETERINARY TECHNOLOGY PROGRAMS. PROFESSIONAL DEVELOPMENT FOR HIGH SCHOOL CAREER COACHES AND VETERINARY TECHNOLOGY FACULTY. ADVENTURE CLUB ACTIVITIES, INCLUDING ICE SKATING, CAVING, BIKING, KAYAKING AND SKYDIVING.

    Expenses $239,036 · Grants $174,322

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Andrew P Vanhook

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3
  • Bret Harrison

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3
  • Anastasia O Triplett

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5
  • John A Downey

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Kenneth R Boward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Price A Boxley IV

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Karen C Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • Kenneth S Cleveland III

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • Cynthia K Didawick

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Steve F Elkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Dinah H Gottschalk

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Donna S Hahn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • James C Hawkings

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Larry Landes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Thomas C Mendez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • David R Metz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Paula C Moore-McClure

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Mary Pavlovskaya

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Tassie L Pippert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Justin T Rexrode

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • William M Saxman Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Matthias N Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Courtney Thompson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Pamela K Ungar

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3
  • Keith Vanbenschoten

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.2
  • Amy Kiger

    EXECUTIVE DIRECTOR

    Total calculated
    $135,200
    From this org
    $0
    From related orgs
    $98,703
    Other
    $36,497
    Hours/week
    40

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

  • BLUE RIDGE COMMUNITY COLLEGE

    $1,028,425

    SCHOLARSHIP AWARDS TO BRCC STUDENTS, MINI-GRANTS TO BRCC FACULTY MEMBERS, SALARY REIMBURSEMENT FOR BRCCNURSING FACULTY MEMBERS, PURCHASE OF PROGRAM SUPPLIES

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.

  • BLUE RIDGE COMMUNITY COLLEGE

    115 · COST SHARING OF PERSONNEL · VA

Provenance

Return type
form_990
Tax year
2022
Filed
28 November 2023
IRS schema version
2022v5.0
Source object
202400459349302250

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