Wor-Wic Community College Foundation

Organization Overview

Wor-Wic Community College Foundation is located in Salisbury, MD. The organization was established in 1983. 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. Wor-Wic Community College Foundation 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 06/2024, Wor-Wic Community College Foundation generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $1.2m during the year ending 06/2024. While expenses have increased by 5.7% per year over the past 9 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

2024

Describe the Organization's Mission:

Part 3 - Line 1

NOT FOR PROFIT ORGANIZATION ESTABLISHED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO BENEFIT WOR-WIC COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDED FUNDING TO WOR-WIC COMMUNITY COLLEGE TO PROVIDE STUDENTS WITH SCHOLARSHIPS IN ORDER TO FURTHER THEIR EDUCATION.


THE FOUNDATION PROVIDED FINANCIAL ASSISTANCE TO VARIOUS DEPARTMENTS OF WOR-WIC COMMUNITY COLLEGE.


THE FOUNDATION PROVIDES EMERGENCY RELIEF TO WOR-WIC COMMUNITY COLLEGE STUDENTS AND EMPLOYEES IN NEED OF IMMEDIATE FINANCIAL ASSISTANCE.


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Board, Officers & Key Employees

Name (title)Compensation
Phyllis Vinyard
Secretary
$0
Jason Parker
Chairperson
$0
Brian Desaulniers
Director
$0
Stacey Hart
Director
$0
Marcus Beal
Director
$0
Mike Marshall
Director
$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$847,093
Noncash contributions included in lines 1a–1f $39,222
Total Revenue from Contributions, Gifts, Grants & Similar$847,093
Total Program Service Revenue$0
Investment income $369,296
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,774
Net Income from Fundraising Events $78,946
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,303,109

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Virginia Highlands Community College Educational Foundation Inc
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Bridgevalley Community & Technical College Foundation Inc
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