Form 990 for tax year 2023
Filed by VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND.
Totals
- Total revenue
- $577,547
- Total expenses
- $455,006
- Contributions and grants received
- $249,122
- Grants paid
- $334,961
- Program service revenue
- $0
- Investment income
- $328,425
- Other revenue
- $0
- Total assets, end of year
- $10,544,648
- Total liabilities, end of year
- $2,023
- Net assets or fund balances, end of year
- $10,542,625
- Program services expenses (Part IX)
- $334,961
- Management and general expenses
- $112,950
- Fundraising expenses
- $7,095
- Program service expenses (Part III)
- $334,961
Program services were 73.6% 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
$249,122
-
3 · Investment income
total $223,250 · related or exempt $223,250
-
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 $1,623,634
-
7b · Less cost or other basis and sales expenses
securities $1,518,459
-
7c · Gain or loss
securities $105,175
-
7d · Net gain or loss
total $105,175 · related or exempt $105,175
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $334,961 · program services $334,961
-
2 · Grants to domestic individuals
total $0
-
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 $0
-
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 $0
-
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 $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
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 $1,095 · management and general $1,095
-
23 · Insurance
total $0
-
24a · Other expenses: SUBSCRIPTIONS
total $36,497 · management and general $36,497
-
24b · Other expenses: STUDENT RELATED EXPENSES
total $25,332 · management and general $25,332
-
24c · Other expenses: MEALS AND REFRESHMENTS
total $12,906 · management and general $12,906
-
24d · Other expenses: MISCELLANEOUS
total $12,403 · management and general $12,403
-
24e · All other expenses
total $31,812 · management and general $24,717 · fundraising $7,095
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $420,571 · end of year $216,226
-
2 · Savings and temporary cash investments
beginning of year $305,285 · end of year $318,065
-
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
$13,107
-
10b · Land, buildings and equipment: accumulated depreciation
$13,107
-
10c · Land, buildings and equipment, net
beginning of year $1,095 · end of year $0
-
11 · Investments: publicly traded securities
beginning of year $8,943,462 · end of year $10,008,621
-
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 $408 · end of year $1,736
-
17 · Accounts payable and accrued expenses
end of year $2,023
-
27 · Net assets without donor restrictions
beginning of year $371,875 · end of year $526,536
-
28 · Net assets with donor restrictions
beginning of year $9,298,946 · end of year $10,016,089
Mission and programs · 2023
Mission
Vance-Granville Community College Foundation, Inc., purpose is to receive contributions and to use such contributions to provide funds to Vance-Granville Community College to be used to acquire or purchase real or personal property, to pay for services or instruction, to provide scholarships to worthy students attending Vance-Granville Community College, and to provide funds for any other proper activity of Vance-Granville Community College.
-
SCHOLARSHIPS TO STUDENTS OF VGCC WHO ACHIEVE A HIGH STANDARD OF EXCELLENCE AND SUPPORT OF ACTIVITIES THAT BENEFIT THE COLLEGE.
Expenses $175,037
-
PAYMENT AND REIMBURSEMENT OF EXPENSES FOR THE SUPPORT OF VANCE-GRANVILLE COMMUNITY COLLEGE.
Expenses $159,924
As filed on the 2023 return.
Listed in Part VII
-
Dr RACHEL DESMARAIS
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Donald C Seifert SrDONALD C SEIFERT SR
Director
- Total calculated
- $0
- Hours/week
- 0
-
Josh TowneJOSH TOWNE
Director
- Total calculated
- $0
- Hours/week
- 0
-
Leo KellyLEO KELLY
Director
- Total calculated
- $0
- Hours/week
- 0
-
Sarah BaskervilleSARAH BASKERVILLE
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Michele BurgessMICHELE BURGESS
Director
- Total calculated
- $0
- Hours/week
- 0
-
James W Crawford JrJAMES W CRAWFORD JR
Director
- Total calculated
- $0
- Hours/week
- 0
-
Melissa ElliottMELISSA ELLIOTT
Director
- Total calculated
- $0
- Hours/week
- 0
-
Greg EtheridgeGREG ETHERIDGE
Director
- Total calculated
- $0
- Hours/week
- 0
-
Todd WemyssTODD WEMYSS
Vice Chair
- Total calculated
- $0
- Hours/week
- 0
-
Clay FrazierCLAY FRAZIER
Director
- Total calculated
- $0
- Hours/week
- 0
-
Annette MyersANNETTE MYERS
Director
- Total calculated
- $0
- Hours/week
- 0
-
Marshall TannerMARSHALL TANNER
Director
- Total calculated
- $0
- Hours/week
- 0
-
Harry MillsHARRY MILLS
Director
- Total calculated
- $0
- Hours/week
- 0
-
Abdul Sm RasheedABDUL SM RASHEED
Director
- Total calculated
- $0
- Hours/week
- 0
-
Henry BanksHENRY BANKS
Director
- Total calculated
- $0
- Hours/week
- 0
-
Steven GrahamSTEVEN GRAHAM
Treasurer
- Total calculated
- $0
- Hours/week
- 0
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
-
VANCE-GRANVILLE COMMUNITY COLLEG
$334,961
SCHOLARSHIPS AND SUPPORT VGCC.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433179349301613
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