Blue Ridge Community College Educational Foundation Inc
- Assets
- $16.6m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Weyers Cave, VA
- Founding
- 11/1987
- Data as of
- 06/2022
- EIN
- 54-1328809
Organization Overview
Blue Ridge Community College Educational Foundation Inc is located in Weyers Cave, VA. The organization was established in 1987. 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. Blue Ridge 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, Blue Ridge Community College Educational Foundation Inc generated $1.7m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES GRANTS FOR SCHOLARSHIPS AND OTHER SUPPORT TO BLUE RIDGE COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE 2021-22 ACADEMIC YEAR, THE FOUNDATION PROVIDED 129 SCHOLARSHIP AWARDS TOTALING $448,805 TO 412 STUDENTS. THE MAJORITY OF THESE AWARDS WERE BASED ON FINANCIAL NEED. WHILE A DEGREE AT BLUE RIDGE COMMUNITY COLLEGE APPEARS AFFORDABLE, ESPECIALLY COMPARED TO FOUR-YEAR INSTITUTIONS, IT IS BEYOND THE MEANS OF MANY STUDENTS AND FAMILIES IN OUR COMMUNITY. SCHOLARSHIPS WERE PROVIDED TO STUDENTS IN BOTH CREDIT AND NON-CREDIT PROGRAMS. INCLUDED IN THE TOTAL WERE SCHOLARSHIPS PROVIDED TO PARTICIPANTS IN BLUE RIDGE PROMISE, A BRIDGE PROGRAM FOR HIGH SCHOOL SENIORS INTERESTED IN ATTENDING BRCC AFTER GRADUATION WHICH INCLUDES A ONE-CREDIT STUDENT DEVELOPMENT (SDV) CLASS TO ENCOURAGE FOLLOW-THROUGH ON THEIR COLLEGE GOALS. AWARDS WERE ALSO MADE THROUGH THE CAREER PATHWAYS PROGRAM FOR HIGH SCHOOL STUDENTS TAKING CAREER AND TECHNICAL EDUCATION CLASSES THROUGH CONCURRENT ENROLLMENT OR DUAL ENROLLMENT. ALL OF THESE SCHOLARSHIP AWARDS GIVE STUDENTS THE OPPORTUNITY TO ACHIEVE THEIR CAREER AND LIFE GOALS AND IMPROVE THE QUALITY OF LIFE OF THEIR FAMILIES AND THE COMMUNITIES IN WHICH THEY LIVE AND WORK.
THE FOUNDATION PROVIDED $309,587 IN WAGE REIMBURSEMENTS TO THE COLLEGE IN SUPPORT OF AVIATION MAINTENANCE TECHNOLOGY, EMERGENCY MEDICAL SERVICES, HIGH SCHOOL CAREER COACHING, NURSING, AND HEALTHCARE-RELATED WORKFORCE CERTIFICATE PROGRAMS.
THE FOUNDATION PURCHASED EQUIPMENT TOTALING $105,617 TO BENEFIT BRCC'S AUTOMOTIVE ANALYSIS AND REPAIR, AVIATION MAINTENANCE TECHNOLOGY, ENGINEERING TECHNOLOGY, MANUFACTURING TECHNOLOGY, AND NURSING PROGRAMS.
OTHER PROGRAM SERVICES INCLUDED, BUT WERE NOT LIMITED TO:- ONLINE LAB SIMULATIONS TO BENEFIT BIOLOGY 101 AND 102 STUDENTS.- ADVERTISING AND PROMOTION IN SUPPORT OF THE WORLDS OF WORK MIDDLE SCHOOL CAREER FAIR, CAREER PATHWAYS PROGRAM, ESL HEALTHCARE CLASSES AND COMMUNITY OUTREACH INITIATIVES. - EMERGENCY FINANCIAL ASSISTANCE FOR STUDENT NEEDS THROUGH THE STUDENT OUTREACH AND RESOURCE CENTER, BEYOND THE BLUE CLUB, AND LUNCH2GO PROGRAM FOR STUDENTS EXPERIENCING FOOD INSECURITY.- GRANT AWARDS TO FACULTY AND STAFF TO BENEFIT BRCC'S VETERINARY TECHNOLOGY, ENGINEERING TECHNOLOGIES, COMMUNICATION STUDIES, AND THEATER PROGRAMS, AS WELL AS OUR ENGLISH, MATHEMATICS AND SCIENCE DEPARTMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthias N Smith Chair | OfficerTrustee | 0.3 | $0 |
Andrew P Vanhook Vice Chair | OfficerTrustee | 0.3 | $0 |
Cynthia F Page Treasurer Until 4/30/22 | OfficerTrustee | 1.5 | $0 |
John A Downey Secretary | OfficerTrustee | 2 | $0 |
Anastasia O Triplett Treasurer Starting 5/1/22 | OfficerTrustee | 1.5 | $0 |
Amy Kiger Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $30,325 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $881,740 |
| Noncash contributions included in lines 1a–1f | $128,293 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $912,065 |
| Total Program Service Revenue | $0 |
| Investment income | $774,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,000 |
| Net Income from Fundraising Events | -$2,639 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,728,729 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,004,901 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $12,630 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $66,570 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,125 |
| Office expenses | $27,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,671 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,724 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,780 |
| All other expenses | $0 |
| Total functional expenses | $1,156,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $435,314 |
| Pledges and grants receivable | $126,387 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $230,862 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,996 |
| Net Land, buildings, and equipment | $392,205 |
| Investments—publicly traded securities | $15,351,610 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $16,560,374 |
| Accounts payable and accrued expenses | $0 |
| 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 | $58,783 |
| Total liabilities | $58,783 |
| Net assets without donor restrictions | $4,707,266 |
| Net assets with donor restrictions | $11,794,325 |
| 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 | $16,560,374 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Blue Ridge Community College Educational Foundation Inc has recieved totaling $251,871.
| Awarding Organization | Amount |
|---|---|
Sentara Healthcare Norfolk, VA PURPOSE: SUPPORT FOR HEALTHCARE EDUCATION AT BLUE RIDGE COMMUNITY COLLEGE | $100,000 |
Community Foundation Of The Central Blue Ridge Staunton, VA PURPOSE: GENERAL SUPPORT | $84,760 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA PURPOSE: EDUCATION | $34,550 |
The Community Foundation Of Harrisonburg And Rockingham County Harrisonburg, VA PURPOSE: SCHOLARSHIPS | $20,000 |
Robert Hopkins Strickler And Lorraine Warren Strickler Foundati Penn Laird, VA PURPOSE: TO PROVIDE GENERAL SUPPORT FOR EDUCATIONAL FINANCIAL ASSISTANCE | $11,400 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 11/03/21 | $500 |
Endowment Analysis
| Beg. Balance | $11,975,267 |
| Earnings | -$664,365 |
| Net Contributions | $214,848 |
| Grants | $272,129 |
| Ending Balance | $11,253,621 |