Danville Community College Educational Foundation Inc

Organization Overview

Danville Community College Educational Foundation Inc is located in Danville, VA. The organization was established in 1983. 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. Danville 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, Danville 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 12.5% each year . All expenses for the organization totaled $936.8k during the year ending 06/2022. While expenses have increased by 0.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDING EDUCATIONAL ASSISTANCE TO STUDENTS OF DANVILLE COMMUNITY COLLEGE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DANVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION PROVIDES SCHOLARSHIP FUNDING TO DCC STUDENTS AND GRADUATION SCHOLARSHIPS FOR DCC STUDENTS WHO ATTEND FOUR-YEAR INSTITUTIONS UPON THEIR GRADUATION FROM DCC.


THE DCC EDUCATIONAL FOUNDATION IS ALSO RESPONSIBLE FOR THE PROMOTION OF FACULTY AND STAFF PROFESSIONAL DEVELOPMENT THROUGH FUNDING OPPORTUNITIES AND HAS PROVIDED FUNDING TO STRENGTHEN ACADEMIC PROGRAMS AND ENCOURAGE CULTURAL ACTIVITIES. FUNDING PROVIDED BY THE FOUNDATION HAS BEEN VITAL IN THE CONSTRUCTION OF NEW FACILITIES AND THE PURCHASE OF NEW STATE-OF-THE-ART EQUIPMENT TO KEEP PACE WITH TECHNOLOGICAL CHANGES.


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Board, Officers & Key Employees

Name (title)Compensation
Elizabeth Spainhour
Immediate Past Chair
$0
Brooks Powell III
Chair
$0
Ted Hodges
Vice-Chair
$0
Nan Freed
Treasurer
$0
Gene Hayes
Secretary
$0
John W Collins
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $334,959
All other contributions, gifts, grants, and similar amounts not included above$976,292
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,311,251
Total Program Service Revenue$0
Investment income $186,130
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $431,077
Net Income from Fundraising Events $43,498
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,971,956

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