Blue Ridge Community College Education Foundation Inc

Organization Overview

Blue Ridge Community College Education Foundation Inc is located in Flat Rock, NC. The organization was established in 1975. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Ridge Community College Education Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Blue Ridge Community College Education Foundation Inc generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $1.2m during the year ending 06/2021. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORT OF BLUE RIDGE COMMUNITY COLLEGE

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDED FUNDS FOR INSTITUTIONAL SUPPORT OF BLUE RIDGE COMMUNITY COLLEGE. SEE SCHEDULE I, PART II.


THE ORGANIZATION PROVIDED SCHOLARSHIPS FOR BLUE RIDGE COMMUNITY COLLEGE STUDENTS. RECIPIENTS ARE SELECTED BY THE COLLEGE'S FINANCIAL AID AND SCHOLARSHIP COMMITTEE. HIGH SCHOOL EQUIVALENCY TESTING FEES ARE ALSO PROVIDED. SEE SCHEDULE I, PART III.


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Board, Officers & Key Employees

Name (title)Compensation
Lisa Adkins
VP For Advan
$46,363
Russell E Henson
Vice Preside
$0
Amy D Treece
Secretary
$0
Laura B Leatherwood
Assistant Se
$0
Mark A Isabelli
President
$0
Vikki D Bailey
Treasurer
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$1,448,289
Investment income $106,143
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,314,505
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,874,613

Grants Recieved

Over the last fiscal year, we have identified 11 grants that Blue Ridge Community College Education Foundation Inc has recieved totaling $700,553.

Awarding OrganizationAmount
Dogwood Health Trust

Asheville, NC

PURPOSE: SUCCESS COACHES FOR STUDENTS AT BLUE RIDGE COMMUNITY COLLEGE.

$424,950
Dogwood Health Trust

Asheville, NC

PURPOSE: COVID VACCINE EXPENSE RELIEF FOR BLUE RIDGE COMMUNITY COLLEGE

$100,000
John M Belk Endowment

Charlotte, NC

PURPOSE: MINI-GRANT FOR NC RECONNECT PHASE 2

$75,000
John M Belk Endowment

Charlotte, NC

PURPOSE: ADULT LEARNER BLITZ

$50,000
$22,818
Fletcher Hospital Inc

Hendersonville, NC

PURPOSE: GENERAL SUPPORT

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$14,400,647
Earnings$3,571,091
Admin Expense$352,802
Net Contributions$200,000
Grants$1,027,530
Ending Balance$16,791,406

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