Form 990 for tax year 2022
Filed by COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA.
Totals
- Total revenue
- $1,502,861
- Total expenses
- $1,679,637
- Contributions and grants received
- $751,184
- Grants paid
- $0
- Program service revenue
- $734,179
- Investment income
- $17,371
- Other revenue
- $127
- Total assets, end of year
- $902,770
- Total liabilities, end of year
- $253,353
- Net assets or fund balances, end of year
- $649,417
- Program services expenses (Part IX)
- $1,225,863
- Management and general expenses
- $451,495
- Fundraising expenses
- $2,279
- Program service expenses (Part III)
- $1,225,863
Program services were 73.0% 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.
-
1b · Membership dues
$720,245
-
1f · All other contributions, gifts and grants
$30,939
-
2a · Program service revenue: HEALTHCARE PROJECT
total $407,229 · related or exempt $407,229
-
2b · Program service revenue: GROUP PURCHASINNG REVE
total $202,125 · related or exempt $202,125
-
2c · Program service revenue: RECRUITMENT
total $63,993 · related or exempt $63,993
-
2d · Program service revenue: MEMBER EVENTS
total $60,832 · related or exempt $60,832
-
3 · Investment income
total $3,934 · excluded $3,934
-
7a · Gross sales of assets other than inventory
other assets $13,437
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $13,437
-
7d · Net gain or loss
total $13,437 · related or exempt $13,437
-
11d · All other revenue
total $127 · related or exempt $127
-
11e · Other revenue, total
$127
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $503,782 · program services $402,018 · management and general $100,756 · fundraising $1,008
-
7 · Other salaries and wages
total $330,857 · program services $264,024 · management and general $66,171 · fundraising $662
-
9 · Other employee benefits
total $204,287 · program services $163,021 · management and general $40,857 · fundraising $409
-
10 · Payroll taxes
total $58,200 · program services $46,444 · management and general $11,640 · fundraising $116
-
11d · Fees: lobbying
total $54,000 · program services $54,000
-
11g · Fees: other
total $69,388 · program services $29,240 · management and general $40,148
-
12 · Advertising and promotion
total $108,278 · program services $67,279 · management and general $40,999
-
13 · Office expenses
total $10,718 · program services $8,553 · management and general $2,144 · fundraising $21
-
14 · Information technology
total $8,895 · program services $7,098 · management and general $1,779 · fundraising $18
-
16 · Occupancy
total $22,564 · program services $18,006 · management and general $4,513 · fundraising $45
-
17 · Travel
total $32,129 · management and general $32,129
-
19 · Conferences, conventions and meetings
total $55,894 · program services $48,013 · management and general $7,881
-
22 · Depreciation, depletion and amortization
total $1,856 · program services $1,856
-
23 · Insurance
total $5,778 · program services $5,778
-
24a · Other expenses: GROUP PURCHASING
total $110,533 · program services $110,533
-
24b · Other expenses: BAD DEBT
total $18,518 · management and general $18,518
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $13,895 · management and general $13,895
-
24e · All other expenses
total $70,065 · management and general $70,065
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $43,441 · end of year $122,000
-
2 · Savings and temporary cash investments
beginning of year $662,912 · end of year $649,877
-
4 · Accounts receivable
beginning of year $158,863 · end of year $93,561
-
9 · Prepaid expenses and deferred charges
beginning of year $14,156 · end of year $1,346
-
10a · Land, buildings and equipment: cost or other basis
$14,225
-
10b · Land, buildings and equipment: accumulated depreciation
$11,056
-
10c · Land, buildings and equipment, net
beginning of year $2,673 · end of year $3,169
-
15 · Other assets
beginning of year $700 · end of year $32,817
-
17 · Accounts payable and accrued expenses
beginning of year $2,373 · end of year $25,092
-
19 · Deferred revenue
beginning of year $50,843 · end of year $191,301
-
25 · Other liabilities
beginning of year $3,336 · end of year $36,960
-
27 · Net assets without donor restrictions
beginning of year $826,193 · end of year $649,417
Mission and programs · 2022
Mission
FOSTER AND PROMOTE THE PROGRESS AND GENERAL WELFARE OF ITS MEMBER COLLEGES, WITH SPECIAL CONCERN FOR THE PLURALISTIC NATURE OF THE SYSTEM OF HIGHER EDUCATION IN VIRGINIA.
Activities or mission (Part I)
TO PROMOTE ITS MEMBER COLLEGES THROUGH COLLABORATIVE ACTIVITIES.
-
TO PROMOTE THE MEMBER ORGANIZATIONS THROUGH WEBSITE DEVELOPMENT, COLLABORATIVE BUSINESS AND MARKETING PROGRAMS, STUDENT MARKETING AND PUBLICATIONS, AND PROFESSIONAL DEVELOPMENT MEETINGS.
Expenses $1,225,863 · Revenue $747,743
As filed on the 2022 return.
Listed in Part VII
-
Dr Alison Morrison-ShetlarDR ALISON MORRISON-SHETLAR
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Mary Dana HintonDR MARY DANA HINTON
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Dr Scott MillerDR SCOTT MILLER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
B Keith Faulkner EsqB KEITH FAULKNER ESQ
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jerry PrevoJERRY PREVO
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr David BushmanDR DAVID BUSHMAN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr David W OliveDR DAVID W OLIVE
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Dixie Tooke-RawlinsDR DIXIE TOOKE-RAWLINS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Mark WrightonMARK WRIGHTON
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Reed WilcoxREED WILCOX
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Frank Shushok JrDR FRANK SHUSHOK JR
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Hakim LucasDR HAKIM LUCAS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Irma BecerraDR IRMA BECERRA
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Pamela FoxPAMELA FOX
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr John W WellsDR JOHN W WELLS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Kevin HallockDR KEVIN HALLOCK
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Larry StimpertDR LARRY STIMPERT
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
David JohnsDAVID JOHNS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Susan Schultz HuxmanDR SUSAN SCHULTZ HUXMAN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Tiffany FranksDR TIFFANY FRANKS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr Tracy FitzsimmonsDR TRACY FITZSIMMONS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Dr William DudleyDR WILLIAM DUDLEY
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Lt General Darrell WilliamsLT GENERAL DARRELL WILLIAMS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Meredith WooMEREDITH WOO
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Michael McGlothlin EsqMICHAEL MCGLOTHLIN ESQ
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Mr Robert R LindgrenMR ROBERT R LINDGREN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Sue Ott RowlandsSUE OTT ROWLANDS
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Robert S Lambeth JrROBERT S LAMBETH JR
FORMER PRESIDENT
- Total calculated
- $327,403
- From this org
- $323,930
- From related orgs
- $0
- Other
- $3,473
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $321,397
- Bonus
- $0
- Other
- $2,533
- Deferred
- $2,641
- Nontaxable benefits
- $832
- Filer's total
- $327,403
-
Christopher PeaceCHRISTOPHER PEACE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 40
-
Tim KlopfensteinTIM KLOPFENSTEIN
HEALTH CONS. EX, DIR.
- Total calculated
- $175,386
- From this org
- $172,510
- From related orgs
- $0
- Other
- $2,876
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $172,360
- Bonus
- $0
- Other
- $150
- Deferred
- $1,530
- Nontaxable benefits
- $1,346
- Filer's total
- $175,386
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 · Travel for companions
- 1a · Health or social club dues or initiation fees
Answered no
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
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.
-
EDUCATIONAL FOUNDATION OF COUNCIL OF INDEPENDENT COLLEGES
501(C)(3) · TO PROMOTE ITS MEMBER COLLEGES THROUGH PUBLICATIONS AND TOURS · VA
Directly controlled by COUNCIL OF INDEPENDENT COLLEGES IN VIRGINIA INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441939349302074
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