Form 990 for tax year 2022
Filed by NORTHERN VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $3,781,761
- Total expenses
- $2,606,377
- Contributions and grants received
- $3,346,258
- Grants paid
- $522,075
- Program service revenue
- $191,122
- Investment income
- $234,491
- Other revenue
- $9,890
- Total assets, end of year
- $35,797,686
- Total liabilities, end of year
- $586,034
- Net assets or fund balances, end of year
- $35,211,652
- Program services expenses (Part IX)
- $2,178,917
- Management and general expenses
- $317,092
- Fundraising expenses
- $110,368
- Program service expenses (Part III)
- $2,178,917
Program services were 83.6% 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
$3,346,258
-
2a · Program service revenue: REGISTRATION
total $191,122 · related or exempt $191,122
-
3 · Investment income
total $484,943 · excluded $484,943
-
7a · Gross sales of assets other than inventory
securities $503,292
-
7b · Less cost or other basis and sales expenses
securities $753,744
-
7c · Gain or loss
securities -$250,452
-
7d · Net gain or loss
total -$250,452 · excluded -$250,452
-
11a · Other revenue: OTHER REVENUE
total $9,890 · related or exempt $9,890
-
11e · Other revenue, total
$9,890
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $522,075 · program services $522,075
-
7 · Other salaries and wages
total $476,756 · program services $369,992 · management and general $69,625 · fundraising $37,139
-
11c · Fees: accounting
total $90,633 · management and general $90,633
-
11f · Fees: investment management
total $95,638 · management and general $95,638
-
11g · Fees: other
total $121,306 · program services $92,431 · management and general $23,100 · fundraising $5,775
-
13 · Office expenses
total $32,764 · program services $19,184 · management and general $6,414 · fundraising $7,166
-
14 · Information technology
total $43,388 · program services $28,202 · management and general $6,508 · fundraising $8,678
-
17 · Travel
total $3,251 · program services $2,601 · fundraising $650
-
23 · Insurance
total $12,632 · management and general $12,632
-
24a · Other expenses: FUND EXPENSES
total $771,027 · program services $771,027
-
24b · Other expenses: COLLEGE SUPPORT
total $183,052 · program services $183,052
-
24c · Other expenses: REGISTRATION
total $82,613 · program services $82,613
-
24d · Other expenses: ART & ART SUPPLIES
total $57,751 · program services $51,937 · management and general $3,876 · fundraising $1,938
-
24e · All other expenses
total $113,491 · program services $55,803 · management and general $8,666 · fundraising $49,022
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $401,912 · end of year $740,529
-
3 · Pledges and grants receivable
beginning of year $2,601,627 · end of year $3,147,344
-
9 · Prepaid expenses and deferred charges
beginning of year $8,150 · end of year $3,815
-
11 · Investments: publicly traded securities
beginning of year $23,519,265 · end of year $23,606,099
-
12 · Investments: other securities
beginning of year $5,374,235 · end of year $8,299,899
-
17 · Accounts payable and accrued expenses
beginning of year $151,714 · end of year $189,915
-
19 · Deferred revenue
beginning of year $87,376 · end of year $114,749
-
25 · Other liabilities
beginning of year $503,786 · end of year $281,370
-
27 · Net assets without donor restrictions
beginning of year $10,727,083 · end of year $12,403,318
-
28 · Net assets with donor restrictions
beginning of year $20,435,230 · end of year $22,808,334
Mission and programs · 2022
Mission
NOVA FOUNDATION SUPPORTS THE COLLEGE'S GOAL OF PROVIDING ALL STUDENTS WITH A HIGH-QUALITY, LIFE-CHANGING EDUCATION. THE FOUNDATION RAISES PRIVATE FUNDS TO ENHANCE NOVA PROGRAMS, CREATE STUDENT SCHOLARSHIPS AND OFFER AWARDS TO FACULTY FOR PROGRAMS NOT SUPPORTED BY STATE FUNDS.
Activities or mission (Part I)
COLLECT AND MANAGE PRIVATE RESOURCES TO SUPPORT THE NORTHERN VIRGINIA COMMUNITY COLLEGE
-
SUPPORT OF COLLEGE PROGRAMS: THE NOVA FOUNDATION EXISTS TO SIGNIFICANTLY INCREASE PRIVATE PHILANTHROPY IN ORDER TO BUILD A STRONG ENDOWMENT, SECURE RESOURCES TO FUND NOVA'S STRATEGIC PRIORITIES AND SUSTAIN INITIATIVES THAT STRENGTHEN THE COLLEGE'S COMMUNITY PARTNERSHIPS. THE FOUNDATION SUPPORTS UNMET ACADEMIC AND STUDENT SERVICES NEEDS AND WORKFORCE PROGRAMS ON ALL SIX CAMPUSES AND THROUGH NOVA ONLINE. IT PROVIDES AWARDS TO FACULTY AND STAFF ANNUALLY FOR PROGRAMS AND PROFESSIONAL DEVELOPMENT NOT COVERED BY THE STATE BUDGET.
Expenses $1,574,229 · Revenue $201,012
-
STUDENT SCHOLARSHIPS AND GRANTS: THE NOVA FOUNDATION ASSISTS STUDENTS IN OBTAINING NECESSARY FINANCIAL RESOURCES NEEDED TO COMPLETE THEIR PROGRAM OF STUDY AT NORTHERN VIRGINIA COMMUNITY COLLEGE AS WELL AS MONETARY ASSISTANCE TO STUDENTS TO ABATE SHORT-TERM FINANCIAL CRISES. WE EDUCATE DONORS ABOUT STUDENT NEEDS INCLUDING THE UNIQUE CHALLENGES FACING FIRST GENERATION COLLEGE STUDENTS IN ORDER TO SECURE PRIVATE DONATIONS. THESE SCHOLARSHIPSAND GRANTS HELP TO REMOVE FINANCIAL BARRIERS FOR NOVA STUDENTS. OUR SCHOLARSHIP PROGRAM CONSISTS OF MORE THAN 325 ENDOWED AND ANNUAL SCHOLARSHIP FUNDS. THIS TRANSLATES TO MORE THAN 600 INDIVIDUAL SCHOLARSHIP AWARDS THROUGHOUT THE YEAR.
Expenses $522,075 · Grants $522,075
-
REGISTRATIONS: SUPPORTING COLLEGE PROGRAMS THROUGH COLLECTING PROGRAM REGISTRATIONS AND FACILITATING PAYMENTS FROM THESE FUNDS.
Expenses $82,613
As filed on the 2022 return.
Listed in Part VII
-
Buddy RizerBUDDY RIZER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Erin HoganERIN HOGAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Michael ForehandMICHAEL FOREHAND
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Julia LaffertyJULIA LAFFERTY
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Debi AlexanderDEBI ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristina BouweiriKRISTINA BOUWEIRI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andrew KoANDREW KO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Anne KressANNE KRESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Esther LeeESTHER LEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas W MinnickTHOMAS W MINNICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John MorganJOHN MORGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rosaelena O'NeilROSAELENA O'NEIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John PorterJOHN PORTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matthew D ShankMATTHEW D SHANK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zuzana SteenZUZANA STEEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joseph E Teipe JrJOSEPH E TEIPE JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathleen M FlahertyKATHLEEN M FLAHERTY
CO-CHAIR (JUL-NOV)
- Total calculated
- $0
- Hours/week
- 1
-
Mark KeamMARK KEAM
DIRECTOR (JUL-OCT)
- Total calculated
- $0
- Hours/week
- 1
-
Mary PowerMARY POWER
DIRECTOR (JUL-DEC)
- Total calculated
- $0
- Hours/week
- 1
-
Scott Alfred PriceSCOTT ALFRED PRICE
DIRECTOR (JUL-OCT)
- Total calculated
- $0
- Hours/week
- 1
-
Mordecai ScottMORDECAI SCOTT
DIRECTOR (JUL-DEC)
- Total calculated
- $0
- Hours/week
- 1
-
Kelly PersonsKELLY PERSONS
EXECUTIVE DIRECTOR
- Total calculated
- $183,634
- From this org
- $0
- From related orgs
- $149,652
- Other
- $33,982
- Hours/week
- 60 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $149,652 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $23,482 related
- Nontaxable benefits
- $0 + $10,500 related
- Filer's total
- $0 + $183,634 related
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
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
-
NORTHERN VA COMMUNITY COLLEGE REAL ESTATE FDN
501(C)(3) · HOLD ASSETS · VA · controlled entity
-
NORTHERN VIRGINIA COMMUNITY COLLEGE
501(C)(3) · EDUCATION · VA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 17 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323219349301287
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