Form 990 for tax year 2022
Filed by VIRGINIA HIGHLANDS COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $1,426,155
- Total expenses
- $409,084
- Contributions and grants received
- $1,434,399
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $635
- Other revenue
- -$8,879
- Total assets, end of year
- $7,999,764
- Total liabilities, end of year
- $109,306
- Net assets or fund balances, end of year
- $7,890,458
- Program services expenses (Part IX)
- $378,618
- Management and general expenses
- $30,466
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $378,618
Program services were 92.6% 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
$1,434,399
-
1g · Noncash contributions included above
$52,851
-
3 · Investment income
total $635 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$8,879
-
8c · Net income from fundraising events
total -$8,879 · unrelated business $0 · excluded -$8,879
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $13,500 · program services $0 · management and general $13,500 · fundraising $0
-
11f · Fees: investment management
total $12,308 · program services $0 · management and general $12,308 · fundraising $0
-
13 · Office expenses
total $390 · program services $390 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $2,275 · program services $1,137 · management and general $1,138 · fundraising $0
-
23 · Insurance
total $1,296 · program services $0 · management and general $1,296 · fundraising $0
-
24a · Other expenses: STUDENT/FACULTY SUPPORT
total $338,494 · program services $338,494 · management and general $0 · fundraising $0
-
24b · Other expenses: OTHER PROGRAM EXPENSES
total $9,927 · program services $9,927 · management and general $0 · fundraising $0
-
24c · Other expenses: COFFEE SHOP
total $23,721 · program services $23,721 · management and general $0 · fundraising $0
-
24d · Other expenses: DUES & SUBSCRIPTIONS
total $2,224 · program services $0 · management and general $2,224 · fundraising $0
-
24e · All other expenses
total $4,949 · program services $4,949 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $639,328 · end of year $1,616,619
-
2 · Savings and temporary cash investments
beginning of year $161,964 · end of year $162,599
-
3 · Pledges and grants receivable
beginning of year $1,656,299 · end of year $1,220,698
-
10a · Land, buildings and equipment: cost or other basis
$674,948
-
10b · Land, buildings and equipment: accumulated depreciation
$210,154
-
10c · Land, buildings and equipment, net
beginning of year $468,569 · end of year $464,794
-
11 · Investments: publicly traded securities
beginning of year $2,493,590 · end of year $2,671,154
-
12 · Investments: other securities
beginning of year $51,750 · end of year $51,750
-
15 · Other assets
beginning of year $1,769,010 · end of year $1,812,150
-
17 · Accounts payable and accrued expenses
beginning of year $548,139 · end of year $109,306
-
27 · Net assets without donor restrictions
beginning of year $734,683 · end of year $1,705,949
-
28 · Net assets with donor restrictions
beginning of year $5,957,688 · end of year $6,184,509
Mission and programs · 2022
Mission
SCHOLARSHIP/ED. ASSISTANCE
-
TO PROVIDE SCHOLARSHIPS AND PROGRAMS FOR STUDENTS, AND ACHEIVEMENT PROGRAMS FOR INSTRUCTORS.
Expenses $378,618 · Revenue $1,426,155
As filed on the 2022 return.
Listed in Part VII
-
Mary BegleyMARY BEGLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Regina BelcherREGINA BELCHER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kimberly ClarkKIMBERLY CLARK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David CollinsDAVID COLLINS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Christine FieldsCHRISTINE FIELDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jack FrostJACK FROST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark GoodmanMARK GOODMAN
DRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George HelmsGEORGE HELMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RichardRICHARD
HUMPHREYS
- Total calculated
- $0
- Hours/week
- 1
-
Mary JonesMARY JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tal McBrideTAL MCBRIDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lantha QuesenberryLANTHA QUESENBERRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr John RobertsDR JOHN ROBERTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike SpieglerMIKE SPIEGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol TrammellCAROL TRAMMELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Adam HutchisonDR ADAM HUTCHISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Virgil WimmerVIRGIL WIMMER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Laura PenningtonLAURA PENNINGTON
EXCUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 40
-
Ben CasteelBEN CASTEEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cathy ZieglerCATHY ZIEGLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
-
VIRGINIA HIGHLANDS COMM COLLEGE
$165,281
FACULTY SUPPORT
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202302509349301135
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