Eastern Shore Community College Foundation
- Assets
- $4.8m
- Revenue
- $753.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Melfa, VA
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 54-1865751
Organization Overview
Eastern Shore Community College Foundation is located in Melfa, VA. The organization was established in 1997. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, 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. Eastern Shore Community College Foundation 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 12/2021, Eastern Shore Community College Foundation generated $753.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $672.1k during the year ending 12/2021. 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
PROVIDE EDUCATIONAL SUPPORT. SCHOLARSHIPS, OR GRANTS IN AID FOR STUDENTS OF THE EASTERN SHORE COMMUNITY COLLEGE, AND DIRECT SUPPORT TO THE EASTERN SHORE COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SCHOLARSHIP AND WORK/STUDY ASSISTANCE TO EASTERN SHORE COMMUNITY COLEGE STUDENTS FOR COLLEGE EXPENSES.
PROVIDE FINANCIAL ASSISTANCE TO THE EASTERN SHORE COMMUNITY COLLEGE FOR TRANSPORTATION ASSISTANCE, RECRUITMENT AND MARKETING, AND OTHER NEEDED PROFESSIONAL SERVICES.
PROJECT HORIZONS PROVIDES AN EXTRA ACADEMIC, SOCIAL, AND CULTURAL BOOST FOR ECONOMICALLY DISADVANTAGED UNDERACHIEVERS, AND EXPOSES THEM TO THE POST-SECONDARY EDUCATION ENVIROMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline C Chatmon Vice President | OfficerTrustee | 0.5 | $0 |
Jim Shaeffer Secretary | OfficerTrustee | 1 | $0 |
Jeremy Mclean President | OfficerTrustee | 0.5 | $0 |
John Fiege Treasurer | OfficerTrustee | 0.5 | $0 |
Ray Wood Advisory Board Chair | OfficerTrustee | 1 | $0 |
Patricia Kellam Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $450 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $682,161 |
| Noncash contributions included in lines 1a–1f | $18,107 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $682,611 |
| Total Program Service Revenue | $0 |
| Investment income | $70,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $753,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $349,021 |
| 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 | $82,827 |
| 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 | $21,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,190 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,025 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $5,147 |
| Total functional expenses | $672,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,176,662 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $190,658 |
| 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 | $2,108 |
| Investments—publicly traded securities | $3,395,650 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,765,078 |
| Accounts payable and accrued expenses | $29,402 |
| 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 | $0 |
| Total liabilities | $29,402 |
| Net assets without donor restrictions | $628,449 |
| Net assets with donor restrictions | $4,107,227 |
| 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 | $4,765,078 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Eastern Shore Community College Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Eastern Shore Of Virginia Community Foundation Onley, VA PURPOSE: TO PROVIDE FUNDS TO UPGRADE THE COLLEGE'S WEBSITE | $25,000 |
Endowment Analysis
| Beg. Balance | $1,172,319 |
| Earnings | $57,216 |
| Admin Expense | $518,002 |
| Net Contributions | $154,000 |
| Ending Balance | $865,533 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The United Way Of Central Maryland Inc Baltimore, MD | $67,768,699 | $88,763,556 |
Associated Jewish Community Federation Of Baltimore Inc Baltimore, MD | $42,735,304 | $45,612,361 |
Associated Jewish Charities Of Baltimore Baltimore, MD | $398,678,795 | $51,667,875 |
United Way Of Middle Tennessee Inc Nashville, TN | $71,875,939 | $59,642,100 |
Americas Charities Chantilly, VA | $19,664,098 | $37,274,660 |
The Jewish Federation Of Greater Washington Inc North Bethesda, MD | $260,201,202 | $41,780,933 |
United Way Of South Hampton Roads Norfolk, VA | $66,003,873 | $28,678,324 |
Metro United Way Inc Louisville, KY | $52,656,581 | $25,773,108 |
United Way Of The National Capital Area Vienna, VA | $52,010,356 | $25,572,571 |
United Way Of Greater Richmond Richmond, VA | $16,886,120 | $22,666,995 |
United Way Of Greater Charlotte Charlotte, NC | $28,665,296 | $24,251,139 |
Chc Creating Healthier Communities Alexandria, VA | $23,119,840 | $20,885,598 |