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 VanhookANDREW P VANHOOK
CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Bret HarrisonBRET HARRISON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Anastasia O TriplettANASTASIA O TRIPLETT
TREASURER
- Total calculated
- $0
- Hours/week
- 1.5
-
John A DowneyJOHN A DOWNEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Kenneth R BowardKENNETH R BOWARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Price A Boxley IVPRICE A BOXLEY IV
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Karen C ClarkKAREN C CLARK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Kenneth S Cleveland IIIKENNETH S CLEVELAND III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Cynthia K DidawickCYNTHIA K DIDAWICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Steve F ElkinsSTEVE F ELKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Dinah H GottschalkDINAH H GOTTSCHALK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Donna S HahnDONNA S HAHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
James C HawkingsJAMES C HAWKINGS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Larry LandesLARRY LANDES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Thomas C MendezTHOMAS C MENDEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
David R MetzDAVID R METZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Paula C Moore-McClurePAULA C MOORE-MCCLURE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Mary PavlovskayaMARY PAVLOVSKAYA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Tassie L PippertTASSIE L PIPPERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Justin T RexrodeJUSTIN T REXRODE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
William M Saxman JrWILLIAM M SAXMAN JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Matthias N SmithMATTHIAS N SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Courtney ThompsonCOURTNEY THOMPSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Pamela K UngarPAMELA K UNGAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.3
-
Keith VanbenschotenKEITH VANBENSCHOTEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.2
-
Amy KigerAMY 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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