J Sargeant Reynolds Community
- Assets
- $21.0m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 21
- Location
- Richmond, VA
- Founding
- 10/1979
- Data as of
- 06/2023
- EIN
- 54-1130296
Organization Overview
J Sargeant Reynolds Community is located in Richmond, VA. The organization was established in 1979. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2023, J Sargeant Reynolds Community employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. J Sargeant Reynolds Community 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 06/2023, J Sargeant Reynolds Community generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $1.9m during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE FINANCIAL SUPPORT TO J. SARGEANT REYNOLDS COMMUNITY COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS AND ALLOCATIONS - MATERIALS AND EXPENSES IN SUPPORT OF PROGRAMS
GRANTS AND ALLOCATIONS - SCHOLARSHIPS FOR STUDENTS TUITION AND FEES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shane R Olson Director | Trustee | 5 | $0 |
Patrick W Farrell Past President | OfficerTrustee | 5 | $0 |
Neil S Kessler Vice Chair | OfficerTrustee | 5 | $0 |
Grant Neely Director | Trustee | 5 | $0 |
Celia Rafalko Director | Trustee | 5 | $0 |
Robert E Comet Jr Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reynolds Comm College | 6/29/20 | $823,015 |
Victor Products Equipment Purchases | 6/29/20 | $747,768 |
Cbre Heery Inc Architecture, Engeneering | 6/29/20 | $128,956 |
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 | $2,468,337 |
| Noncash contributions included in lines 1a–1f | $20,073 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,468,337 |
| Total Program Service Revenue | $116,926 |
| Investment income | $407,576 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$196,235 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,796,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $553,626 |
| Grants and other assistance to domestic individuals. | $864,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $233,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,460 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $83,229 |
| Fees for services: Other | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,779 |
| Information technology | $16,893 |
| 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 | $10,097 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,795 |
| All other expenses | $2,720 |
| Total functional expenses | $1,919,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $1,217,211 |
| Pledges and grants receivable | $1,315,585 |
| Accounts receivable, net | $5,963 |
| 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 | $14,048 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $18,285,791 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $140,351 |
| Total assets | $20,979,149 |
| Accounts payable and accrued expenses | $70,544 |
| 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 | $375,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $445,544 |
| Net assets without donor restrictions | $2,170,482 |
| Net assets with donor restrictions | $18,363,123 |
| 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 | $20,979,149 |
Grants Awarded
Over the last fiscal year, J Sargeant Reynolds Community has awarded $163,556 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
J SARGEANT REYNOLDS COMMUNITY COLLEGE PURPOSE: ALL GRANT FUNDS ARE TO BE USED FOR SCHOLARSHIPS AND PROGRAMS FOR REYNOLDS COMMUNITY COLLEGE. ONLY ENROLLED STUDENTS RECEIVE SCHOLARSHIPS. PROGRAM EXPENDITURES ARE MADE DIRECTLY TO THE COLLEGE OR VENDORS. | $115,430 |
JSRCC REAL ESTATE FOUNDATION INC PURPOSE: ALL GRANT FUNDS ARE TO BE USED FOR SCHOLARSHIPS AND PROGRAMS FOR REYNOLDS COMMUNITY COLLEGE. ONLY ENROLLED STUDENTS RECEIVE SCHOLARSHIPS. PROGRAM EXPENDITURES ARE MADE DIRECTLY TO THE COLLEGE OR VENDORS. | $48,126 |