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 06/2021, Danville Community College Educational Foundation Inc generated $945.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $1.0m during the year ending 06/2021. While expenses have increased by 2.4% 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

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
Gene Hayes
Secretary
$0
Nan Freed
Treasurer
$0
Ted Hodges
Vice-Chair
$0
Dr Muriel Mickels
Interim President
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $146,849
All other contributions, gifts, grants, and similar amounts not included above$515,507
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$662,356
Total Program Service Revenue$0
Investment income $185,408
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $90,234
Net Income from Fundraising Events $7,903
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $945,901

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Danville Community College Educational Foundation Inc has recieved totaling $161,405.

Awarding OrganizationAmount
Gene Haas Foundation

Oxnard, CA

PURPOSE: SCHOLARSHIPS

$100,000
The Community Foundation Of The Dan River Region

Danville, VA

PURPOSE: TO SUPPORT THE WORKFORCE SUCCESS/ STUDENT CAREER COACHES, TO SUPPORT THE DCC EDUCATIONAL FOUNDATION GOLF TOURNAMENT, TO SUPPORT THE DCC EDUCATIONAL FOUNDATION CAPITAL CAMPAIGN PATHWAYS TO SUCCESS RCATT, TO SUPPORT THE NURSING PROGRAM, TO SUPPORT BUSINESS AND ECONOMIC DEVELOPMENT RELATED TRAININGS OR EVENTS, TO SUPPORT SKILLSUSA FOR DCC STUDENTS

$28,876
Sam S Pruitt And Frances J Pruitt Charitable Tr

Danville, VA

PURPOSE: ONE-HALF OF ANNUAL REQUIRED DISTRIBUTION

$16,000
Centra Health Inc

Lynchburg, VA

PURPOSE: Meals

$9,000
Landon E Fuller And Marian C Fuller Perpetual Charitable Trust

Danville, VA

PURPOSE: TO FURTHER CHARITABLE PURPOSE

$6,279
The Duke Energy Foundation

Charlotte, NC

PURPOSE: MATCHING GIFTS

$1,250
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$8,782,689
Earnings$1,812,824
Admin Expense$64,170
Net Contributions$83,568
Other Expense$373,921
Ending Balance$10,240,990

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