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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ron Haley Chairman | OfficerTrustee | 0.5 | $0 |
Scott Prillaman Vice Chairman | OfficerTrustee | 0.5 | $0 |
Margie Eason Secretary | OfficerTrustee | 0.5 | $0 |
Carolyn Shough Treasurer | OfficerTrustee | 1 | $0 |
Pam Allen Director | Trustee | 0.5 | $0 |
Jim Beckner Director | Trustee | 0.5 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $750,422 |
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 | $300,500 |
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 | $15,000 |
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 | $5,519 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $4,213 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $75,991 |
Insurance | $1,951 |
All other expenses | $4,158 |
Total functional expenses | $3,478,223 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,041,715 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $27,912 |
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 | $0 |
Net Land, buildings, and equipment | $270,656 |
Investments—publicly traded securities | $19,425,181 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,547,097 |
Total assets | $23,312,561 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $1,306,429 |
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 | $1,306,429 |
Net assets without donor restrictions | $9,512,996 |
Net assets with donor restrictions | $12,493,136 |
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 | $23,312,561 |
Over the last fiscal year, we have identified 4 grants that Patrick Henry Community College Educational Foundation Inc has recieved totaling $27,326.
Awarding Organization | Amount |
---|---|
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 |
Beg. Balance | $7,344,726 |
Earnings | $20,076 |
Net Contributions | $43,566 |
Ending Balance | $7,408,368 |
Organization Name | Assets | Revenue |
---|---|---|
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA | $68,152,988 | $23,085,179 |
The Community Foundatio Of Louisville Depository Inc Louisville, KY | $29,429,716 | $18,203,702 |
Greater Kanawha Valley Foundation Charleston, WV | $329,426,372 | $27,972,481 |
High Point Community Foundation High Point, NC | $114,170,503 | $14,778,667 |
The Community Foundation Of Louisville Corporate Depository In Louisville, KY | $17,663,337 | $10,177,129 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
The Community Foundation For Northern Virginia Inc Oakton, VA | $80,161,408 | $23,451,822 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD | $144,509,312 | $16,050,496 |
Mid-Shore Community Foundation Inc Easton, MD | $125,001,314 | $15,563,573 |
Gaston Community Foundation Gastonia, NC | $124,627,590 | $17,636,833 |
Community Foundation Serving Western Virginia Roanoke, VA | $100,299,802 | $12,225,680 |
Cumberland Community Foundation Inc Fayetteville, NC | $108,138,101 | $14,799,053 |