Gloucester Institute Inc is located in Gloucester, VA. The organization was established in 2007. According to its NTEE Classification (B60) the organization is classified as: Adult Education, under the broad grouping of Education and related organizations. As of 12/2022, Gloucester Institute Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gloucester Institute 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 12/2022, Gloucester Institute Inc generated $667.8k 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 (5.8%) each year. All expenses for the organization totaled $884.2k during the year ending 12/2022. 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
TO PROVIDE AN INTELLECTUALLY SAFE ENVIRONMENT WHERE IDEAS CAN BE DISCUSSED AND TRANSFORMED INTO PRACTICAL SOLUTIONS THAT PRODUCE RESULTS. TO CULTIVATE A SOCIETY OF "SOLUTIONISTS" WITHIN THE MINORITY COMMUNITIES. EQUIP SCHOLARS WITH THE INTELLECTUAL, MORAL, AND FINANCIAL SUPPORT TO CONDUCT INTENSIVE RESEARCH TO DISCOVER THE BEST SOLUTIONS TO SOCIAL ECONOMIC AND POLITICAL PROBLEMS FACING THE AFRICAN AMERICAN COMMUNITY. HONOR THE LEGACY AFRICAN AMERICAN LEADER DR. ROBERT RUSSA MOTON BY USING HIS HISTORIC HOME AT HOLLY KNOLL, FOR TRAINING CONFERENCES AND RETREATS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOTON FELLOWS PROGRAM SCHOLARS FROM AROUND THE COUNTRY PARTICIPATED IN OUR MOTON FELLOWSHIP PROGRAM. THIS GROUP OF HIGHLY MOTIVATED UNDERGRADUATE STUDENTS RECEIVED MENTORING FROM SOME OF THE LEADING EXPERTS IN BUSINESS, GOVERNMENT, AND NONPROFIT ORGANIZATIONS.ENHANCED STUDENT LEADERS LEADERSHIP ACUMEN THROUGH FACILITATED WORKSHOPS THAT FOCUSED ON EMOTIONAL INTELLIGENCE, SELF-AWARENESS, AND LEADERSHIP STYLES.THIS PROGRAM CHALLENGED STUDENTS TO LEAD IN A MANNER THAT INSPIRED OTHERS TO FOLLOW.EMPOWERED STUDENTS TO WRITE PROFESSIONALLY THROUGH HIGHLY TARGETED PRACTICE WORKSHOPSAND CRITIQUES.INCREASED STUDENTS ABILITY TO CREATE PRECISE, SUCCINCT, AND INFORMATIVE BUSINESS CORRESPONDENCE.THE STUDENTS GAINED PRACTICAL KNOWLEDGE ON BASIC TIME MANAGEMENT PRINCIPLES FOR THE WORKPLACE.COMPLETED ASSIGNED OFFICE PROJECTS THAT CORRESPONDED TO THEIR PERSONAL AND PROFESSIONAL DEVELOPMENT INTERESTS.WE PROVIDED WEEKLY CRITICAL THINKING AND PROBLEM-SOLVING EXERCISES TO EMPOWER OURSTUDENTS TO BECOME SOLUTIONISTS.EMERGING LEADERS PROGRAMTHE ELP STRENGTHENS STUDENTS CORE WRITING, SPEAKING, AND CRITICAL THINKING SKILLS. EMERGING LEADERSENGAGED IN UNIQUE LEARNING AND MENTORING OPPORTUNITIES THAT CORRESPOND TO THEIR PERSONAL DEVELOPMENT AND LEADERSHIP CAPABILITIES. NINETEEN OF THE NATION'S BEST AND BRIGHTEST COLLEGE LEADERS WERE SELECTED FROM A RIGOROUS APPLICATION PROCESS. PROFESSIONAL WRITERS INSTRUCTED STUDENTS IN THE WRITING PROCESS TO ELEVATE THEIR PROFESSIONAL AND TECHNICAL WRITING. EMPOWERED STUDENTS TO BECOME MORE EFFECTIVE LEADERS THROUGH SEMINARS THAT FOCUSED ON EMOTIONAL INTELLIGENCE, SELF-AWARENESS, LEADERSHIP STYLES AND THE IMPORTANCE OF INTEGRITY AND TRUST, MERITS OF SELF-SUFFICIENCY AND TIPS ON HOW TO SUCCESSFULLY LEAD A TEAM. ENGAGED STUDENTS IN DAILY EXERCISES THAT IMPROVED THEIR CRITICAL THINKING SKILLS TO SOLVE COMPLEX PROBLEMS AND BECOME SOLUTIONISTS. FIELD EXPERT FACILITATED DISCUSSIONS WITH OUR STUDENTS TO ENGAGE IN CONVERSATIONSREGARDING EDUCATION POLICY. EMPOWERED STUDENTS TO BECOME FINANCIALLY LITERATE THROUGH WORKSHOPS THAT PROVIDEDINSIGHTS AND TIPS TO UNDERSTAND AND MAKE INFORMED AND EFFECTIVE DECISIONS ABOUT THEIR PERSONAL FINANCIAL MANAGEMENT, BUDGETING AND INVESTING. PRESENTED STUDENT LEADERS WITH A SERIES OF DYNAMIC CAREER WORKSHOPS LED BY EXPERTS THAT FOCUSED ON THE IMPORTANCE OF YOUR PERSONAL BRAND, SOCIAL MEDIA, PROFESSIONALNETWORKING, AND BEST PRACTICE INSTRUCTIONS FOR DINING ETIQUETTE. STUDENT LEADERS LEARNED THE CRITICAL ROLE THAT GROOMING AND STYLING PLAYS IN THEIRPROFESSIONAL BRAND AND LEADERSHIP DEVELOPMENT. INSTRUCTORS WERE WELL-KNOWN STYLISTSAND BARBERS.MOTON FORUM TGI AND OUR EMERGING LEADERS PARTNERED WITH GLOUCESTER COMMUNITY LEADERSHIP ANDLOCAL COLLEGE PRESIDENTS TO CELEBRATE BLACK HISTORY MONTH BY HONORING FORMER GOVERNOR L. DOUGLAS WILDER FOR HIS CONTRIBUTIONS TO THE COMMONWEALTH. FOR WOMEN'S HISTORY MONTH, TGI HONORED WOMEN LEADERS FOR THEIR CONTRIBUTIONS TO THE COMMONWEALTH OF VIRGINIA AND TO THE NATION.MOTON CAMPUS UPGRADES AND RENOVATIONS REPAIRED AND CLEANED GUTTERS AND DOWNSPOUTS ON MANSIONLAMINATION OF EXISTING WINDOW CASINGS, REMOVAL AND REPLACEMENT OF POORLY FITTED AND FINISHED WINDOW SILLS, REPLACEMENT OF BASEBOARDS AND DOOR TRIM.REPAIRED DAMAGED FASCIA BOARDS AND OVERHANG WITH VINYL AND ALUMINUM OUTSIDE.REMOVED RESTROOM FLOOR TILES AND SUB-FLOOR, INSTALLED CODE-COMPLIANT SUB-FLOOR.REMOVED ROTTED WINDOW FRAME IN THE BATHROOM OF THE BEDROOM ADJACENT TO THE MOTON SUITE AND CONSTRUCTED AND INSTALLED A NEW WINDOW.REMOVED UNNECESSARY WINDOW CASING.REPLACED THE DAMAGED COUNTER TOP AND INSTALLED A NEW TOILET.GUTTED AND REMODELED ONE OF THE BATHROOMS THAT WAS IN NEED OF REPAIRS.REPAIRED THE ROOF TO THE PUMP HOUSEREPAIRED AND PAINTED WATER STORAGE TANK
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Winona Coles Executive Dir. | Trustee | 40 | $68,876 |
Kay Coles James Board Chair | OfficerTrustee | 10 | $0 |
William Nance Treasurer | OfficerTrustee | 2 | $0 |
Maurice Kuykendoll Director | Trustee | 2 | $0 |
John Littel ESQ Director | Trustee | 2 | $0 |
Elizabeth Level Director | Trustee | 2 | $0 |
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 | $635,842 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $635,842 |
Total Program Service Revenue | $31,778 |
Investment income | $99 |
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 | $667,814 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $68,876 |
Compensation of current officers, directors, key employees. | $24,107 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $101,994 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $16,425 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $11,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $7,296 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $110,749 |
Advertising and promotion | $984 |
Office expenses | $0 |
Information technology | $6,373 |
Royalties | $0 |
Occupancy | $8,353 |
Travel | $1,209 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $16,199 |
Interest | $83,006 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $106,984 |
Insurance | $12,654 |
All other expenses | $39,316 |
Total functional expenses | $884,219 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $308,248 |
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 | $9,332 |
Net Land, buildings, and equipment | $1,892,338 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $403 |
Other assets | $0 |
Total assets | $2,210,321 |
Accounts payable and accrued expenses | $739,775 |
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 | $2,000,000 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $2,739,775 |
Net assets without donor restrictions | -$1,270,513 |
Net assets with donor restrictions | $741,059 |
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 | $2,210,321 |