Wytheville Community College Scholarship Foundation Inc
- Assets
- $930.1k
- Revenue
- $104.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Wytheville, VA
- Founding
- 04/1998
- Data as of
- 12/2021
- EIN
- 54-1888252
Organization Overview
Wytheville Community College Scholarship Foundation Inc is located in Wytheville, VA. The organization was established in 1998. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Wytheville Community College Scholarship 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 12/2021, Wytheville Community College Scholarship Foundation Inc generated $104.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $50.1k during the year ending 12/2021. While expenses have increased by 6.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE ORGANIZATION'S MISSION STATEMENT ON PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WYTHEVILLE COMMUNITY COLLEGE SCHOLARSHIP FOUNDATION, INC. IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, AND SPECIFICALLY TO SOLICIT, RECEIVE, MANAGE, AND DISTRIBUTE FUNDS DONATED PURSUANT TO THE NEIGHBORHOOD ASSISTANCE PROGRAM. THESE FUNDS ESTABLISH AND STRENGTHEN THE NEIGHBORHOOD ASSISTANCE ACT SCHOLARSHIP ENDOWMENT FOR THE BENEFIT OF IMPOVERISHED STUDENTS AND STUDENTS WITH DISABILITIES ATTENTING WYTHEVILLE COMMUNITY COLLEGE. IN THIS CAPACITY, THE WYTHEVILLE COMMUNITY COLLEGE SCHOLARSHIP FOUNDATION, INC SHALL FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF WYTHEVILLE COMMUNITY COLLEGE AND THE VIRGINIA COMMUNITY COLLEGE SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
J David Vaughan President | OfficerTrustee | 0.3 | $0 |
Mark Mabry Treasurer | OfficerTrustee | 0.3 | $0 |
Dean Sprinkle Secretary | OfficerTrustee | 0.3 | $0 |
P Brad Snapp Vice President | OfficerTrustee | 0.3 | $0 |
Travis Jackson Board Member | Trustee | 0.3 | $0 |
Kathy Havens Board Member | Trustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,500 |
| Total Program Service Revenue | $0 |
| Investment income | $77,575 |
| 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 | $104,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $75 |
| Advertising and promotion | $0 |
| 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 | $25 |
| Total functional expenses | $50,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,727 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $903,401 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $930,128 |
| Accounts payable and accrued expenses | $25,000 |
| 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 | $25,000 |
| Net assets without donor restrictions | $248 |
| Net assets with donor restrictions | $904,880 |
| 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 | $930,128 |
Endowment Analysis
| Beg. Balance | $515,687 |
| Net Contributions | $26,500 |
| Ending Balance | $542,187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Golf Club Of Tennessee Kingston Springs, TN | $25,072,540 | $8,179,428 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Laura Holland Uzzell Foundation Morrisville, NC | $14,769,987 | $6,660,101 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Bill And Carol Latimer Charitable Foundation Union City, TN | $129,837,485 | $34,799,223 |
Chi Omega Foundation Memphis, TN | $45,483,838 | $7,373,045 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Memphis Teacher Residency Inc Memphis, TN | $5,540,031 | $6,575,161 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |