Form 990 for tax year 2022

Totals

Total revenue

$2,613,602

Total expenses

$2,312,423

Contributions and grants received

$2,558,642

Grants paid

$1,860,504

Program service revenue

$0

Investment income

$54,960

Other revenue

$0

Total assets, end of year

$29,810,640

Total liabilities, end of year

$449,785

Net assets or fund balances, end of year

$29,360,855

Program services expenses (Part IX)

$1,868,251

Management and general expenses

$249,363

Fundraising expenses

$194,809

Program service expenses (Part III)

$1,868,251

Program services were 80.8% 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.

Mission and programs · 2022

• THE PIEDMONT VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION WAS ESTABLISHED IN 1982 TO CULTIVATE AND PROVIDE FINANCIAL AND IN-KIND SUPPORT FOR PIEDMONT VIRGINIA COMMUNITY COLLEGE, AND IS ORGANIZED AND OPERATED TO FOSTER AND PROVIDE FOR THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE COLLEGE. THE FOUNDATION HELPS ENSURE A MARGIN OF EXCELLENCE AT PVCC BY PROVIDING FUNDS, PERSONNEL OR OTHER ASSISTANCE FOR STRENGTHENING, DEVELOPING AND ENLARGING THE COLLEGE AND ITS CURRENT AND FUTURE PROGRAMS; ASSISTING IN THE SUPPORT OF CURRENT COLLEGE ACTIVITIES AND UNDERTAKINGS OR IN THE ESTABLISHMENT AND SUPPORT OF NEW ACTIVITIES AND UNDERTAKINGS; PURCHASING OR MAKING CONTRIBUTIONS TOWARD THE ACQUISITION OF BOOKS, SUPPLIES, AND EQUIPMENT OR THE CONSTRUCTION OF BUILDINGS AND FACILITIES, WHICH WILL CONTRIBUTE TO THE EDUCATIONAL AND ADMINISTRATIVE RESOURCES OF THE COLLEGE; PROVIDING SCHOLARSHIPS AND FINANCIAL ASSISTANCE FOR STUDENTS OF THE COLLEGE; AND GENERALLY, CONTRIBUTING TO ANY AND ALL PROPER PROJECTS, FUNCTIONS, SERVICES, AND ACTIVITIES CARRIED ON OR SPONSORED BY THE COLLEGE.

  Expenses $1,868,251 · Grants $1,860,504

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

• PIEDMONT VIRGINIA COMMUNITY COLLEGE

  $0

  SUPPORT

• PIEDMONT VIRGINIA COMMUNITY COLLEGE

  $0

  SCHOLARSHIPS

• PIEDMONT VIRGINIA COMMUNITY COLLEGE

  $0

  OTHER GRANTS

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.

• PVCC REAL ESTATE FOUNDATION

  501C3 · TITLE CO. · VA

• PIEDMONT VIRGINIA COMMUNITY COLLEGE

  501C3 · EDUCATION · VA

Provenance

Return type

form_990

Tax year

2022

Filed

7 June 2023

IRS schema version

2022v5.0

Source object

202321609349300877

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