Thomas Nelson Community College Educational Foundation Inc
- Assets
- $11.4m
- Revenue
- $2.0m
- Investments
- $44.6k
- Employees
- 0
- Location
- Hampton, VA
- Founding
- 08/1981
- Data as of
- 06/2022
- EIN
- 52-1217532
Organization Overview
Thomas Nelson Community College Educational Foundation Inc is located in Hampton, VA. The organization was established in 1981. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Thomas Nelson Community College Educational 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 06/2022, Thomas Nelson Community College Educational Foundation Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $795.9k during the year ending 06/2022. While expenses have increased by 7.2% 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.
Since 2017, Thomas Nelson Community College Educational Foundation Inc has awarded 12 individual grants totaling $3,053,859. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE GENERAL WELFARE OF THOMAS NELSON COMMUNITY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES FUNDS TO THOMAS NELSON COMMUNITY COLLEGE FOR GRANTS, SCHOLARSHIPS AND EMERGENCY ASSISTANCE TO STUDENTS ATTENDING THE COLLEGE.
THE FOUNDATION PROVIDED SUPPORT TO VARIOUS OUTREACH PROGRAMS OF THOMAS NELSON COMMUNITY COLLEGE AND TO THE COLLEGE ITSELF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Carpenter Foundation T | OfficerTrustee | 1 | $0 |
Dr Porter Brannon Foundation S | OfficerTrustee | 1 | $0 |
Nancy Littlefield Board Member | OfficerTrustee | 1 | $0 |
Jack L Ezzell Jr Board Member | OfficerTrustee | 1 | $0 |
Charles Southall Vice Preside | OfficerTrustee | 1 | $0 |
Donna Wilmoth President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $735,731 |
| Noncash contributions included in lines 1a–1f | $296,309 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $735,731 |
| Total Program Service Revenue | $0 |
| Investment income | $676,143 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $551,898 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,965,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $393,570 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,814 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,903 |
| Fees for services: Accounting | $21,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $26,057 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,564 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,098 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $970 |
| All other expenses | $2,916 |
| Total functional expenses | $795,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,804 |
| Savings and temporary cash investments | $13,087 |
| Pledges and grants receivable | $108,048 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,107 |
| Net Land, buildings, and equipment | $532,300 |
| Investments—publicly traded securities | $10,479,735 |
| Investments—other securities | $44,612 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,377,693 |
| Accounts payable and accrued expenses | $4,197 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $155,640 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $159,837 |
| Net assets without donor restrictions | $1,886,963 |
| Net assets with donor restrictions | $9,330,893 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $11,377,693 |
Grants Awarded
Over the last fiscal year, Thomas Nelson Community College Educational Foundation Inc has awarded $393,570 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THOMAS NELSON COMMUNITY COLLEGE PURPOSE: STUDENT SUPPORT | $378,267 |
THOMAS NELSON COMMUNITY COLLEGE PURPOSE: OUTREACH & SUPPORT | $15,303 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thomas Nelson Community College Educational Foundation Inc has recieved totaling $223.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $223 |
Endowment Analysis
| Beg. Balance | $8,500,877 |
| Earnings | -$1,015,013 |
| Net Contributions | $31,803 |
| Grants | $113,641 |
| Ending Balance | $7,404,026 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland College Park Foundation Inc College Park, MD | $869,831,500 | $109,216,276 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
North Carolina State University Foundation Inc Raleigh, NC | $679,121,022 | $52,520,062 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |