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Nonprofiteer
← BLUE RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

Form 990 for tax year 2024

Filed by BLUE RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC.

Totals

Total revenue
$3,042,331
Total expenses
$1,697,734
Contributions and grants received
$1,938,757
Grants paid
$1,423,479
Program service revenue
$0
Investment income
$1,105,277
Other revenue
-$1,703
Total assets, end of year
$21,778,165
Total liabilities, end of year
$49,307
Net assets or fund balances, end of year
$21,728,858
Program services expenses (Part IX)
$1,535,885
Management and general expenses
$130,083
Fundraising expenses
$31,766
Program service expenses (Part III)
$1,535,885

Program services were 90.5% 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.

  • 1c · Fundraising events

    $76,960

  • 1f · All other contributions, gifts and grants

    $1,861,797

  • 1g · Noncash contributions included above

    $32,520

  • 3 · Investment income

    total $657,617 · excluded $657,617

  • 7a · Gross sales of assets other than inventory

    securities $2,082,088

  • 7b · Less cost or other basis and sales expenses

    securities $1,634,428

  • 7c · Gain or loss

    securities $447,660

  • 7d · Net gain or loss

    total $447,660 · excluded $447,660

  • 8a · Fundraising events: gross income

    $19,063

  • 8a · Fundraising events: contributions included on line 1c

    $76,960

  • 8b · Fundraising events: direct expenses

    $19,657

  • 8c · Net income from fundraising events

    total -$594 · excluded -$594

  • 11a · Other revenue: OTHER REVENUE

    total -$1,109 · related or exempt -$1,109

  • 11e · Other revenue, total

    -$1,109

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,423,479 · program services $1,423,479

  • 11c · Fees: accounting

    total $21,535 · management and general $21,535

  • 11f · Fees: investment management

    total $75,004 · management and general $75,004

  • 12 · Advertising and promotion

    total $24,547 · program services $21,350 · management and general $1,958 · fundraising $1,239

  • 13 · Office expenses

    total $92,456 · program services $55,536 · management and general $18,659 · fundraising $18,261

  • 17 · Travel

    total $2,486 · program services $1,133 · management and general $1,004 · fundraising $349

  • 19 · Conferences, conventions and meetings

    total $19,775 · program services $17,312 · management and general $2,463

  • 23 · Insurance

    total $6,303 · management and general $6,303

  • 24a · Other expenses: PROFESSIONAL DEVELOPMEN

    total $19,891 · program services $14,150 · management and general $2,757 · fundraising $2,984

  • 24b · Other expenses: OTHER EXPENSES

    total $8,268 · fundraising $8,268

  • 24c · Other expenses: MEMBERSHIP DUES

    total $3,990 · program services $2,925 · management and general $400 · fundraising $665

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $315,239 · end of year $224,727

  • 3 · Pledges and grants receivable

    beginning of year $22,974 · end of year $205,249

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,013 · end of year $6,677

  • 10a · Land, buildings and equipment: cost or other basis

    $392,205

  • 10c · Land, buildings and equipment, net

    beginning of year $392,205 · end of year $392,205

  • 11 · Investments: publicly traded securities

    beginning of year $18,913,275 · end of year $20,945,707

  • 15 · Other assets

    beginning of year $5,000 · end of year $3,600

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,040 · end of year $558

  • 25 · Other liabilities

    beginning of year $52,165 · end of year $48,749

  • 27 · Net assets without donor restrictions

    beginning of year $6,312,632 · end of year $7,091,207

  • 28 · Net assets with donor restrictions

    beginning of year $13,284,869 · end of year $14,637,651

Mission and programs · 2024

Mission

THE BRCC EDUCATIONAL FOUNDATION BUILDS COMMUNITY RELATIONSHIPS AND SECURES RESOURCES TO STRENGTHEN THE PROGRAMS AND SERVICES OF BLUE RIDGE COMMUNITY COLLEGE. THE COLLEGE'S IMPACT ON THE COMMUNITY IS PROFOUND, PROVIDING THE PATHWAY TO SUCCESS FOR STUDENTS AND LOCAL EMPLOYERS. CURRENT STATE AND LOCAL APPROPRIATIONS PROVIDE FUNDING FOR ONLY THE BASIC OPERATIONS OF THE COLLEGE AND ARE NOT SUFFICIENT TO KEEP PACE WITH THE CHALLENGES OF MEETING BRCC'S DIVERSE STUDENT NEEDS AND ADDRESSING WORKFORCE DEVELOPMENT SERVICES AND PROGRAMS. TO MEET THE COMMUNITY'S INCREASING NEEDS FOR PROGRAMS, SERVICES, FACILITIES, AND SCHOLARSHIPS, PRIVATE FUNDS ARE NECESSARY. FUNDS RAISED BY THE BRCC EDUCATIONAL FOUNDATION REPRESENT THE DIFFERENCE BETWEEN ADEQUACY, AS PROVIDED BY TRADITIONAL SOURCES OF FUNDING, AND EXCELLENCE, THAT ONLY PRIVATE INVESTMENT CAN PROVIDE.

Activities or mission (Part I)

THE FOUNDATION PROVIDES GRANTS FOR SCHOLARSHIPS AND OTHER SUPPORT TO BLUE RIDGE COMMUNITY COLLEGE.

  • DURING THE 2024-25 ACADEMIC YEAR, THE FOUNDATION PROVIDED 141 NAMED SCHOLARSHIP AWARDS TOTALING $550,404 TO 396 DESERVING STUDENTS. THE MAJORITY OF THESE AWARDS WERE BASED ON FINANCIAL NEED. WHILE A DEGREE AT BLUE RIDGE COMMUNITY COLLEGE APPEARS AFFORDABLE, ESPECIALLY COMPARED TO FOUR-YEAR INSTITUTIONS, IT IS BEYOND THE MEANS OF MANY STUDENTS AND FAMILIES IN OUR COMMUNITY. THESE SCHOLARSHIPS WERE PROVIDED TO STUDENTS IN BOTH CREDIT AND NON-CREDIT PROGRAMS. AMONG THEM WERE AWARDS FOR PARTICIPANTS IN BLUE RIDGE PROMISE, A BRIDGE PROGRAM FOR HIGH SCHOOL SENIORS INTERESTED IN ATTENDING BRCC AFTER GRADUATION. OTHERS WERE AWARDS TO HIGH SCHOOL SENIORS PROVIDING A PATHWAY TO ENROLL IN WORKFORCE COURSES AND RECEIVE CREDENTIALS IN CAREERS SUCH AS CERTIFIED CLINICAL MEDICAL ASSISTING, HEAVY EQUIPMENT OPERATION, PHLEBOTOMY, AND WELDING. EVERY ONE OF THESE SCHOLARSHIPS GAVE STUDENTS THE OPPORTUNITY TO ACHIEVE THEIR EDUCATIONAL AND CAREER GOALS, THUS IMPROVING THE QUALITY OF LIFE FOR THEIR FAMILIES AND THE COMMUNITIES IN WHICH THEY LIVE AND WORK.

    Expenses $550,404 · Grants $550,404

  • THE FOUNDATION PAID $372,508 TOWARD EQUIPMENT AND FURNISHINGS ACROSS CAMPUS, INCLUDING THE FOLLOWING: - EQUIPMENT TO HELP LAUNCH A NEW MEDICAL LABORATORY TECHNICIAN PROGRAM- CAT SIMULATOR SYSTEM AND COMPACT EXCAVATOR FOR HEAVY EQUIPMENT OPERATION- CATALYST ONE ANALYZER SYSTEM AND ANATOMICAL MODELS FOR VETERINARY TECHNOLOGY PROGRAM- FURNITURE FOR TECHNOLOGY BUILDING, THE HOUFF STUDENT CENTER AND THE HOUFF LIBRARY- LASERJET PRINTER FOR VISUAL COMMUNICATIONS DEPARTMENT- SMARTWASHER BRAKE WASHER FOR AUTOMOTIVE ANALYSIS AND REPAIR PROGRAM- UPGRADES TO DIGITAL INFORMATION DISPLAY BOARDS THROUGHOUT CAMPUS

    Expenses $372,508 · Grants $372,508

  • THE FOUNDATION PROVIDED SALARY REIMBURSEMENTS IN THE AMOUNT OF $277,329 TO THE COLLEGE IN SUPPORT OF AN AGRICULTURE ADMISSIONS ADVISOR, THE EMERGENCY MEDICAL SERVICES FACULTY, HIGH SCHOOL CAREER COACHES, NURSING FACULTY AND HEALTHCARE-RELATED WORKFORCE CERTIFICATE PROGRAMS.

    Expenses $277,329 · Grants $277,329

  • OTHER PROGRAM SERVICES TOTALING $335,644 INCLUDED THE FOLLOWING FUNDING: - UPDATES AND TECHNOLOGY UPGRADES TO AGING LECTURE HALL - UPGRADES TO VETERINARY TECHNOLOGY KENNEL SPACE, INCLUDING SOUND BAFFLING - EMERGENCY FINANCIAL ASSISTANCE FOR STUDENTS IN NEED - PRODUCTION OF EMERGENCY PREPAREDNESS TRAINING VIDEOS FOR STUDENTS AND EMPLOYEES - FUNDED A STRATEGIC INNOVATION GRANT IN SUPPORT OF ENGLISH LANGUAGE LEARNERS (ELL) ENROLLED IN HEALTHCARE-RELATED WORKFORCE CERTIFICATION COURSES - UNDERWROTE 10 INSTRUCTIONAL MINI-GRANTS TO ENHANCE FACULTY EFFECTIVENESS IN THE CLASSROOM - REPAIRED THE LIFT IN THE AUTOMOTIVE LAB - UPDATED PROMOTIONAL WRAP ON THE COMMERCIAL DRIVING / HEAVY EQUIPMENT OPERATION SIMULATION TRAILER

    Expenses $335,644 · Grants $223,238

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRET HARRISON

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • HOLLY M RASHEED

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • ANASTASIA O TRIPLETT

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • JOHN A DOWNEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • RICHARD K HALTERMAN II

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • HANS C HARMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • KELLY R S BLOSSER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • CRYSTAL L FARMER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • CYNTHIA K DIDAWICK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • DINAH H GOTTSCHALK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • HEATHER REAM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • DONNA S HAHN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • JAMES C HAWKINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • LARRY LANDES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • JERRY D SHEETS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • DAVID R METZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • PAULA C MOORE-MCCLURE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • MARY PAVLOVSKAYA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • TARICIA L PIPPERT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • JUSTIN T REXRODE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • CATHERINE H HUGHES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • ANDREW P VANHOOK

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • COURTNEY W THOMPSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • B RANDOLPH ROLLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • KEITH J VANBENSCHOTEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • AMY KIGER

    EXECUTIVE DIRECTOR

    Total calculated
    $144,825
    From this org
    $0
    From related orgs
    $114,609
    Other
    $30,216
    Hours/week
    40

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

  • BLUE RIDGE COMMUNITY COLLEGE

    $1,423,479

    SCHOLARSHIP AWARDS TO BRCC STUDENTS, MINI-GRANTS TO BRCC FACULTY MEMBERS, SALARY REIMBURSEMENT FOR BRCCNURSING FACULTY MEMBERS, PURCHASE OF PROGRAM SUPPLIES

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.

Provenance

Return type
form_990
Tax year
2024
Filed
18 November 2025
IRS schema version
2024v5.2
Source object
202503389349300630

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