Form 990 for tax year 2023
Filed by RAPPAHANNOCK COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $3,032,616
- Total expenses
- $1,479,818
- Contributions and grants received
- $1,416,921
- Grants paid
- $710,122
- Program service revenue
- $16,067
- Investment income
- $1,513,165
- Other revenue
- $86,463
- Total assets, end of year
- $20,681,519
- Total liabilities, end of year
- $4,357
- Net assets or fund balances, end of year
- $20,677,162
- Program services expenses (Part IX)
- $1,371,299
- Management and general expenses
- $104,245
- Fundraising expenses
- $4,274
- Program service expenses (Part III)
- $1,371,299
Program services were 92.7% 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.
-
1f · All other contributions, gifts and grants
$1,416,921
-
2a · Program service revenue: LEARNING ACTIVITIES
total $16,067 · related or exempt $16,067
-
3 · Investment income
total $1,070,625 · excluded $1,070,625
-
7a · Gross sales of assets other than inventory
securities $5,346,052
-
7b · Less cost or other basis and sales expenses
securities $4,903,512
-
7c · Gain or loss
securities $442,540
-
7d · Net gain or loss
total $442,540 · related or exempt $442,540
-
8a · Fundraising events: gross income
$114,294
-
8b · Fundraising events: direct expenses
$27,831
-
8c · Net income from fundraising events
total $86,463 · excluded $86,463
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $710,122 · program services $710,122
-
11a · Fees: management
total $27,075 · management and general $27,075
-
11c · Fees: accounting
total $11,690 · management and general $11,690
-
11g · Fees: other
total $662,907 · program services $658,633 · fundraising $4,274
-
13 · Office expenses
total $1,995 · management and general $1,995
-
14 · Information technology
total $32,411 · management and general $32,411
-
19 · Conferences, conventions and meetings
total $733 · management and general $733
-
23 · Insurance
total $3,757 · management and general $3,757
-
24a · Other expenses: MISCELLANEOUS
total $29,128 · program services $2,544 · management and general $26,584
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $37,673 · end of year $52,461
-
2 · Savings and temporary cash investments
beginning of year $319,023 · end of year $204,236
-
3 · Pledges and grants receivable
beginning of year $103,118 · end of year $21,309
-
10a · Land, buildings and equipment: cost or other basis
$275,942
-
10b · Land, buildings and equipment: accumulated depreciation
$38,485
-
10c · Land, buildings and equipment, net
beginning of year $106,857 · end of year $237,457
-
11 · Investments: publicly traded securities
beginning of year $17,266,804 · end of year $20,165,506
-
15 · Other assets
end of year $550
-
17 · Accounts payable and accrued expenses
beginning of year $5,816 · end of year $4,357
-
27 · Net assets without donor restrictions
beginning of year $852,241 · end of year $1,062,745
-
28 · Net assets with donor restrictions
beginning of year $16,975,418 · end of year $19,614,417
Mission and programs · 2023
Mission
RCCEFI IS DEDICATED TO ASSISTING RESIDENTS OF THE COLLEGE'S TWELVE-COUNTY REGION GAIN ACCESS TO AFFORDABLE AND EFFECTIVE HIGHER EDUCATION BY GATHERING, MANAGING, AND DISTRIBUTING FINANCIAL RESOURCES THROUGH ITS SCHOLARSHIPS, ENDOWMENTS, AND OUTREACH PROGRAMS.
Activities or mission (Part I)
PROMOTE THE COLLEGE THROUGH FOUNDATION'S FUNDRAISING AND FUND MANAGEMENT EFFECTIVE COMMUNITY STEWARDSHIP WITH SELECTED PROGRAMS, EVENTS AND PROJECTS, AND ADMINISTERING SCHOLARSHIPS
-
PROMOTE RAPPAHANNOCK COMMUNITY COLLEGE THROUGH RCCEFI WITH FUNDRAISING AND FUND MANAGEMENT, EFFECTIVE COMMUNITY STEWARDSHIP WITH SELECTED PROGRAMS EVENTS AND PROJECTS, AND ADMINISTERED SCHOLARSHIPS.
Expenses $1,371,299 · Grants $710,122 · Revenue $16,067
As filed on the 2023 return.
Listed in Part VII
-
Patricia GallagherPATRICIA GALLAGHER
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Robert VgatesROBERT VGATES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Elizbeth RobertsonELIZBETH ROBERTSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ralph FallinRALPH FALLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Susan FarmarSUSAN FARMAR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Scot KatonaSCOT KATONA
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Russell BrownRUSSELL BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lourdes Travieso-ParkerLOURDES TRAVIESO-PARKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Anita PowellANITA POWELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mike JenkinsMIKE JENKINS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Patricia LewisPATRICIA LEWIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Melissa MasonMELISSA MASON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lelia McKeeLELIA MCKEE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Anne BartronANNE BARTRON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joel KnightJOEL KNIGHT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Kathryn MorrisonKATHRYN MORRISON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Shirley BakerSHIRLEY BAKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Ellen DavisELLEN DAVIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Harold JonesHAROLD JONES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422869349300312
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.