Patrick Henry Community College Educational Foundation Inc

Organization Overview

Patrick Henry Community College Educational Foundation Inc is located in Martinsville, VA. The organization was established in 1982. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Patrick Henry 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 06/2021, Patrick Henry Community College Educational Foundation Inc generated $4.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $3.5m during the year ending 06/2021. While expenses have increased by 14.9% per year over the past 6 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

TO ENHANCE COMMUNITY AWARENESS OF PATRICK HENRY COMMUNITY COLLEGE; TO SECURE PRIVATE CONTRIBUTIONS, BEQUESTS, AND DONATIONS; TO ACCOUNT FOR, MANAGE, AND HELP APPRECIATE MONIES OR PROPERTY SUBMITTED TO THE FOUNDATION; AND TO PROVIDE SCHOLARSHIPS TO STUDENTS AND TO PROVIDE OTHER FINANCIAL SUPPORT TO PATRICK HENRY COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION PROVIDES SUPPORT TO THE PATRICK HENRY COMMUNITY COLLEGE FOR THE INSTITUTION'S PRIMARY MISSIONS: INSTRUCTION, RESEARCH, AND PUBLIC SERVICE.


THE FOUNDATION PROVIDES SCHOLARSHIPS TO STUDENTS OF VARIOUS ACADEMIC PROGRAMS OFFERED AT PATRICK HENRY COMMUNITY COLLEGE.


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Board, Officers & Key Employees

Name (title)Compensation
Ron Haley
Chairman
$0
Scott Prillaman
Vice Chairman
$0
Margie Eason
Secretary
$0
Carolyn Shough
Treasurer
$0
Pam Allen
Director
$0
Jim Beckner
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$2,470,061
Noncash contributions included in lines 1a–1f $19,331
Total Revenue from Contributions, Gifts, Grants & Similar$2,470,061
Total Program Service Revenue$0
Investment income $1,389,946
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $674,329
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,555,998

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Patrick Henry Community College Educational Foundation Inc has recieved totaling $27,326.

Awarding OrganizationAmount
Paypal Charitable Giving Fund

Washington, DC

PURPOSE: General Support

$11,714
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$9,597
United Way Of Henry County & Martinsville Inc

Martinsville, VA

PURPOSE: ALLOCATIONS

$6,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$15
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$7,344,726
Earnings$20,076
Net Contributions$43,566
Ending Balance$7,408,368

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