Form 990 for tax year 2024
Filed by PATRICK HENRY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $4,304,454
- Total expenses
- $2,798,114
- Contributions and grants received
- $1,947,048
- Grants paid
- $305,198
- Program service revenue
- $0
- Investment income
- $2,352,732
- Other revenue
- $4,674
- Total assets, end of year
- $23,818,585
- Total liabilities, end of year
- $225,885
- Net assets or fund balances, end of year
- $23,592,700
- Program services expenses (Part IX)
- $2,374,719
- Management and general expenses
- $396,369
- Fundraising expenses
- $27,026
- Program service expenses (Part III)
- $2,374,719
Program services were 84.9% 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.
-
1e · Government grants (contributions)
$329,982
-
1f · All other contributions, gifts and grants
$1,617,066
-
1g · Noncash contributions included above
$10,557
-
3 · Investment income
total $2,204,573 · excluded $2,204,573
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $800,000
-
7b · Less cost or other basis and sales expenses
securities $651,841
-
7c · Gain or loss
securities $148,159
-
7d · Net gain or loss
total $148,159 · excluded $148,159
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: INC IN CVLI AND SPLIT INT AGREEMENT
total $4,674 · related or exempt $4,674
-
11e · Other revenue, total
$4,674
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $305,198 · program services $305,198
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $343,982 · management and general $343,982
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $23,733 · management and general $23,733
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $8,467 · management and general $8,467
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $8,652 · management and general $8,652
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $38,434 · program services $38,434
-
23 · Insurance
total $1,757 · management and general $1,757
-
24a · Other expenses: COLLEGE OPERATIONS
total $1,842,285 · program services $1,842,285
-
24b · Other expenses: ATHLETICS
total $184,519 · program services $184,519
-
24c · Other expenses: FUNDRAISING ACTIVITIES
total $27,026 · fundraising $27,026
-
24d · Other expenses: OTHER EXPENSES
total $9,778 · management and general $9,778
-
24e · All other expenses
total $4,283 · program services $4,283
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $822,823 · end of year $981,736
-
2 · Savings and temporary cash investments
beginning of year $115,000 · end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$759,910
-
10b · Land, buildings and equipment: accumulated depreciation
$755,661
-
10c · Land, buildings and equipment, net
beginning of year $42,683 · end of year $4,249
-
11 · Investments: publicly traded securities
beginning of year $20,774,767 · end of year $22,686,325
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $141,601 · end of year $146,275
-
19 · Deferred revenue
beginning of year $189,861 · end of year $225,885
-
27 · Net assets without donor restrictions
beginning of year $10,638,847 · end of year $11,708,682
-
28 · Net assets with donor restrictions
beginning of year $11,068,166 · end of year $11,884,018
Mission and programs · 2024
Mission
TO ENHANCE COMMUNITY AWARENESS OF PATRICK HENRY COMMUNITY COLLEGE; TO SECURE PRIVATE CONTRIBUTIONS, BEQUESTS, AND DONATIONS; TO ACCOUNT FOR, MANAGE, AND HELP APPRECIATE MONIES OR PROPERTY SUBMITTED TO THE FOUNDATION; AND TO PROVIDE SCHOLARSHIPS TO STUDENTS AND TO PROVIDE OTHER FINANCIAL SUPPORT TO PATRICK HENRY COMMUNITY COLLEGE.
-
THE FOUNDATION PROVIDES SUPPORT TO THE PATRICK HENRY COMMUNITY COLLEGE FOR THE INSTITUTION'S PRIMARY MISSIONS: INSTRUCTION, RESEARCH, AND PUBLIC SERVICE.
Expenses $2,069,521
-
THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS OF VARIOUS ACADEMIC PROGRAMS OFFERED AT PATRICK HENRY COMMUNITY COLLEGE.
Expenses $305,198 · Grants $305,198
As filed on the 2024 return.
Listed in Part VII
-
RON HALEY
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
SCOTT PRILLAMAN
Chairman
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
MARGIE EASON
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
SEBRENA SMITH
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
PAM ALLEN
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
JIM BECKNER
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
SMITH CHANEY
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
JASON DAVIS
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
GARY COLLINS
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
DONNA DILLARD
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
LEN DILLON
Vice Chairman
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
LISA FRANCE
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
LINDA GALE
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
WARREN RODGERS JR
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
JAIME MILLER
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
DR GREG HODGES
EX OFFICIO
- Total calculated
- $0
- Hours/week
- 0.5
-
KEVIN LAINE
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
JACKIE THORNTON
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
TYLER BASSETT
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
MATTHEW BROWN
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
CAROLYN SHOUGH
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
MIYANA SMITH
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID SWISHER
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
COURTNEY WILLIAMS
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
TIFFANI UNDERWOOD
Executive Dir.
- Total calculated
- $0
- 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
No itemized grants to organizations on this return.
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.
-
P&HCC REAL ESTATE FOUNDATION INC
501(c)(3) · FINANCIAL SUPPORT FOR COLLEGE FROM RE · VA · controlled entity
Directly controlled by PATRICK & HENRY COMM COLL FOUND
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523169349307862
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