Blue Ridge Community College Educational Foundation Inc
- Assets
- $19.7m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Weyers Cave, VA
- Founding
- 11/1987
- Data as of
- 06/2024
- 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 06/2024, Blue Ridge Community College Educational Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $1.4m during the year ending 06/2024. While expenses have increased by 5.1% per year over the past 9 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
2024
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 2023-24 ACADEMIC YEAR, THE FOUNDATION PROVIDED 134 NAMED SCHOLARSHIP AWARDS TOTALING $513,929 TO 427 DESERVING 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. THESE SCHOLARSHIPS WERE PROVIDED TO STUDENTS IN BOTH CREDIT AND NON-CREDIT PROGRAMS. AMONG THEM WERE AWARDS FOR PARTICIPANTS IN BLUE RIDGE PROMISE, A BRIDGE PROGRAM FOR HIGH SCHOOL SENIORS INTERESTED IN ATTENDING BRCC AFTER GRADUATION. IN ADDITION, SCHOLARSHIPS WERE AWARDED TO HIGH SCHOOL SENIORS THAT PROVIDED A PATHWAY TO ENROLL IN WORKFORCE COURSES AND RECEIVE CREDENTIALS IN CAREERS SUCH AS PHLEBOTOMY, WELDING, COMMERCIAL DRIVING, FORKLIFT OPERATION, CERTIFIED CLINICAL MEDICAL ASSISTING, AND EKG TECH. EVERY ONE OF THESE SCHOLARSHIP AWARDS GAVE 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.
OTHER PROGRAM SERVICES INCLUDED, BUT WERE NOT LIMITED TO: PROVIDING MEANINGFUL EMERGENCY FINANCIAL ASSISTANCE FOR STUDENTS IN NEED UNDERWROTE 10 INSTRUCTIONAL MINI-GRANTS THAT ENHANCE FACULTY EFFECTIVENESS IN THE CLASSROOM SUPPORT FOR THE JOBSTARTER ADVANCED MANUFACTURING TRAINING PROGRAM IN PARTNERSHIP WITH AREA MANUFACTURING COMPANIES
THE FOUNDATION PAID $308,969 FOR EQUIPMENT AND FACILITY-ENHANCING FURNISHINGS FOR VARIOUS PROGRAMS AND AREAS ACROSS CAMPUS, WHICH INCLUDED THE FOLLOWING: PURCHASED EQUIPMENT TO HELP LAUNCH A NEW PHARMACY TECHNICIAN PROGRAM TO ADDRESS EMPLOYMENT SHORTAGES AT LOCAL PHARMACIES MADE IMPROVEMENTS TO THE DOG AND CAT KENNEL ROOMS FOR VETERINARY TECHNOLOGY PURCHASED A SIDE-BY-SIDE UTILITY VEHICLE FOR THE BUILDINGS AND GROUNDS DEPARTMENT UPGRADED TECHNOLOGY TO KEEP THE BLACK BOX THEATER IN THE FINE ARTS CENTER STATE-OF-THE-ART PURCHASED FURNISHINGS TO CREATE WELCOMING AND PRODUCTIVE SPACES FOR STUDENTS AND COMMUNITY MEMBERS TO GATHER FOR STUDY AND NETWORKING OPPORTUNITIES
THE FOUNDATION PROVIDED SALARY REIMBURSEMENTS IN THE AMOUNT OF $221,436 TO THE COLLEGE IN SUPPORT OF AN AGRICULTURE ADMISSIONS ADVISOR POSITION, THE EMERGENCY MEDICAL SERVICES PROGRAM, CAREER COACHES IN 12 PUBLIC HIGH SCHOOLS IN OUR SERVICE REGION, NURSING FACULTY AND HEALTHCARE-RELATED WORKFORCE CERTIFICATE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew P Vanhook Chair | OfficerTrustee | 0.3 | $0 |
Bret Harrison Vice Chair | OfficerTrustee | 0.3 | $0 |
Anastasia O Triplett Treasurer | OfficerTrustee | 1.5 | $0 |
John A Downey Secretary | OfficerTrustee | 2 | $0 |
Kenneth R Boward Board Member | Trustee | 0.3 | $0 |
Price A Boxley IV Board Member | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $54,223 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,224,140 |
| Noncash contributions included in lines 1a–1f | $63,559 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,278,363 |
| Total Program Service Revenue | $0 |
| Investment income | $555,019 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $163,186 |
| Net Income from Fundraising Events | $5,544 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,000,917 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,187,487 |
| 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 | $17,868 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $69,251 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,894 |
| Office expenses | $54,434 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,989 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,271 |
| All other expenses | $0 |
| Total functional expenses | $1,392,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $315,239 |
| Pledges and grants receivable | $22,974 |
| 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 | $9,013 |
| Net Land, buildings, and equipment | $392,205 |
| Investments—publicly traded securities | $18,913,275 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $19,657,706 |
| Accounts payable and accrued expenses | $8,040 |
| 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 | $52,165 |
| Total liabilities | $60,205 |
| Net assets without donor restrictions | $6,312,632 |
| Net assets with donor restrictions | $13,284,869 |
| 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 | $19,657,706 |