Central Virginia Community College Educational Foundation Inc
- Assets
- $4.2m
- Revenue
- $795.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 10/1981
- Data as of
- 06/2022
- EIN
- 54-1167908
Organization Overview
Central Virginia Community College Educational Foundation Inc is located in Lynchburg, VA. The organization was established in 1981. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Central Virginia 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, Central Virginia Community College Educational Foundation Inc generated $795.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $880.8k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Central Virginia Community College Educational Foundation Inc has awarded 14 individual grants totaling $1,707,610. 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 PROVIDE FOR SCHOLARSHIPS, FACULTY & STAFF DEVELOPMENT AND INSTRUCTOR EQUIPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS AWARDED FOR ACADEMIC ACHIEVEMENTS AT CENTRAL VA COMMUNITY COLLEGE BASED ON NEED FOR FUNDS, HIGH SCHOOL STANDING AND OTHER OBJECTIVE CRITERIA ESTABLISHED BY DONORS
INSTRUCTIONAL TECHNOLOGY EQUIPMENT DONATED TO CENTRAL VIRGINIA COMMUNITY COLLEGE
PROFESSIONAL DEVELOPMENT OF FACULTY AND STAFF OF CENTRAL VIRGINIA COMMUNITY COLLEGE AS ESTABLISHED BY DONORS FOR CONTINUING EDUCATION, SEMINARS, CONFERENCES AND TRAVEL
SUPPLIES, POSTAGE PRINTING, TRAVEL AND STAFF FOR PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivian S Brown Vice Preside | OfficerTrustee | $0 | |
John S Capps Sec - Dir | OfficerTrustee | $0 | |
Wiley V Johnson III Pres | OfficerTrustee | $0 | |
Timothy Beatty Dir | Trustee | $0 | |
Lewis Bryant Tres-Dir | Trustee | $0 | |
Jason Greene Dir | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $325,309 |
| All other contributions, gifts, grants, and similar amounts not included above | $227,628 |
| Noncash contributions included in lines 1a–1f | $3,300 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $552,937 |
| Total Program Service Revenue | $0 |
| Investment income | $127,327 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $115,163 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $795,427 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $231,232 |
| Grants and other assistance to domestic individuals. | $511,418 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,975 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,095 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,010 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,255 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,198 |
| Total functional expenses | $880,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $467,108 |
| Savings and temporary cash investments | $68,046 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,399 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,665,598 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,203,151 |
| Accounts payable and accrued expenses | $4,101 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,101 |
| Net assets without donor restrictions | $1,123,449 |
| Net assets with donor restrictions | $3,075,601 |
| 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 | $4,203,151 |
Grants Awarded
Over the last fiscal year, Central Virginia Community College Educational Foundation Inc has awarded $231,232 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CVCC PURPOSE: FACULTY SUPPORT | $197,704 |
CVCC PURPOSE: MACHINE TOOL | $33,528 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Central Virginia Community College Educational Foundation Inc has recieved totaling $17,569.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $8,000 |
Greater Lynchburg Community Foundation Lynchburg, VA PURPOSE: SUPPORT SERVICES TO UNDERSERVED COLLEGE STUDENTS | $7,500 |
Lumina Foundation For Education Inc Indianapolis, IN PURPOSE: TO SUPPORT THE SCHOLARSHIP FUND. | $1,500 |
Medical Education Collaborative Inc Eagle, CO PURPOSE: CHARITABLE | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
Endowment Analysis
| Beg. Balance | $2,123,757 |
| Earnings | -$257,107 |
| Net Contributions | $47,995 |
| Grants | $117,224 |
| Ending Balance | $1,797,421 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Naval Academy Foundation Inc Annapolis, MD | $305,968,176 | $47,603,619 |
Umuc Ventures Inc Bethesda, MD | $44,098,237 | $47,696,802 |
The Malala Fund Washington, DC | $40,557,471 | $29,060,686 |
Transylvania Vocational Services Inc Brevard, NC | $52,218,118 | $34,183,028 |
Champions For Education Inc Charlotte, NC | $4,769,828 | $14,830,024 |
Campus Development Foundation Inc Chattanooga, TN | $70,898,605 | $12,373,348 |
Kentucky Educational Development Corporation Ashland, KY | $6,070,827 | $11,298,796 |
Building Hope Finance Washington, DC | $123,995,340 | $7,003,194 |
Nc State Engineering Foundation Inc Raleigh, NC | $172,988,383 | $18,412,442 |
Dc Public Education Fund Washington, DC | $19,324,284 | $7,024,090 |
St Christophers School Foundation Richmond, VA | $94,106,126 | $9,680,251 |
National Automatic Sprinkler 669 Va Education Fund Columbia, MD | $15,668,623 | $8,120,660 |