Virginia Highlands Community College Educational Foundation Inc

Organization Overview

Virginia Highlands Community College Educational Foundation Inc is located in Abingdon, VA. The organization was established in 1981. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Virginia Highlands 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, Virginia Highlands Community College Educational Foundation Inc generated $633.7k 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 (7.4%) each year. All expenses for the organization totaled $842.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

SCHOLARSHIP/ED. ASSISTANCE

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE SCHOLARSHIPS AND PROGRAMS FOR STUDENTS, AND ACHEIVEMENT PROGRAMS FOR INSTRUCTORS.


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Board, Officers & Key Employees

Name (title)Compensation
Regina Belcher
Treasurer
$0
David Collins
Vice Chair
$0
Virgil Wimmer
Chair
$0
Laura Pennington
Excutive Director
$0
Mary Begley
Director
$0
Kimberly Clark
Director
$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$607,004
Noncash contributions included in lines 1a–1f $163,011
Total Revenue from Contributions, Gifts, Grants & Similar$607,004
Total Program Service Revenue$0
Investment income $27,833
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events -$1,155
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $633,682

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Virginia Highlands Community College Educational Foundation Inc has recieved totaling $129,621.

Awarding OrganizationAmount
Virginia Foundation For Community College Education

Richmond, VA

PURPOSE: TO SUPPORT STUDENT EMERGENCY, GREAT EXPECTATIONS, RURAL VIRGINIA HORSESHOE INITIATIVE, AND WORKFORCE PROGRAMS

$107,121
Johnston Memorial Hospital Inc

Johnson City, TN

PURPOSE: Nursing program

$22,500
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,994,778
Ending Balance$3,994,778

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