Civic Intelligence

Mhc Academic Foundation

990 • Fiscal year 2024 • EIN 20-8407010

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 28, 2024

Organization Profilemhcaf.org
PO Box 492Martinsville, VA 24114

(276) 403-4445

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

10th percentile

0.01x

Higher debt load relative to revenue than 10% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

93rd percentile

63%

Higher net margin than 93% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

18th percentile

$78,500

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 10.3% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

62nd percentile

14%

Faster revenue growth than 62% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$14,498,458

Up $1,469,619 (+11%) from 2023

Net Assets

Up

$14,491,304

Up $1,505,971 (+12%) from 2023

Liabilities

Down

$7,154

Down $36,352 (-84%) from 2023

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin93rd percentile

Revenue

Up

$763,302

Up $93,564 (+14%) from 2023

Expenses

Down

$283,883

Down $37,096 (-12%) from 2023

Net Income

Up

$479,419

Up $130,660 (+37%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth68th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $2,331,363Liabilities 2011: $86,299Net Assets 2011: $2,245,0642011Assets 2012: $2,558,130Liabilities 2012: $2,166Net Assets 2012: $2,555,9642012Assets 2013: $14,870,657Liabilities 2013: $736,223Net Assets 2013: $14,134,4342013Assets 2014: $22,978,040Liabilities 2014: $1,350,525Net Assets 2014: $21,627,5152014Assets 2015: $22,383,895Liabilities 2015: $787,871Net Assets 2015: $21,596,0242015Assets 2016: $21,729,046Liabilities 2016: $800,137Net Assets 2016: $20,928,9092016Assets 2017: $21,126,098Liabilities 2017: $604,433Net Assets 2017: $20,521,6652017Assets 2018: $19,887,328Liabilities 2018: $18,993Net Assets 2018: $19,868,3352018Assets 2019: $19,344,867Liabilities 2019: $36,583Net Assets 2019: $19,308,2842019Assets 2020: $18,524,191Liabilities 2020: $82,066Net Assets 2020: $18,442,1252020Assets 2021: $13,547,909Liabilities 2021: $3,411Net Assets 2021: $13,544,4982021Assets 2022: $12,178,988Liabilities 2022: $6,309Net Assets 2022: $12,172,6792022Assets 2023: $13,028,839Liabilities 2023: $43,506Net Assets 2023: $12,985,3332023Assets 2024: $14,498,458Liabilities 2024: $7,154Net Assets 2024: $14,491,3042024Assets 2025: $16,118,675Liabilities 2025: $2,061Net Assets 2025: $16,116,6142025

Highlighted filing

2024

Assets$14,498,458
Liabilities$7,154
Net Assets$14,491,304
Open 2024 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0M-$10MExpenses 2011: $1,119,8022011Expenses 2012: $1,353,9062012Expenses 2013: $2,193,1882013Revenue 2014: $9,350,154Expenses 2014: $1,978,026Net Income 2014: $7,372,1282014Revenue 2015: $3,444,931Expenses 2015: $3,507,428Net Income 2015: -$62,4972015Revenue 2016: $2,109,957Expenses 2016: $2,801,837Net Income 2016: -$691,8802016Revenue 2017: $1,748,611Expenses 2017: $2,344,386Net Income 2017: -$595,7752017Revenue 2018: $844,189Expenses 2018: $1,615,178Net Income 2018: -$770,9892018Revenue 2019: $713,871Expenses 2019: $1,416,855Net Income 2019: -$702,9842019Revenue 2020: $668,271Expenses 2020: $1,297,082Net Income 2020: -$628,8112020Revenue 2021: -$5,080,920Expenses 2021: $1,222,019Net Income 2021: -$6,302,9392021Revenue 2022: $1,115,149Expenses 2022: $483,835Net Income 2022: $631,3142022Revenue 2023: $669,738Expenses 2023: $320,979Net Income 2023: $348,7592023Revenue 2024: $763,302Expenses 2024: $283,883Net Income 2024: $479,4192024Revenue 2025: $1,196,414Expenses 2025: $295,020Net Income 2025: $901,3942025

Highlighted filing

2024

Revenue$763,302
Expenses$283,883
Net Income$479,419
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 28, 2024
Return Version
2023v5.1
Gross Receipts
$3,587,810
Mission and Program Overview

Mission

To provide financial and other support to new college institute, a virginia public body constituted by statute as a governmental instrumentality for the dissemination of education.

To provide financial and other support for the dissemination of education in martinsville and henry county, virginia, including but not limited to support of new college institute.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$12,701,038$14,276,323▲ $1,575,285
Cash and Non-Interest-Bearing Accounts$322,708$210,118▼ $112,590
Prepaid Expenses and Deferred Charges$4,983$12,017▲ $7,034
Land, Buildings, and Equipment, Net$110$0▼ $110
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,028,839$14,498,458▲ $1,469,619
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$43,506$7,154▼ $36,352
Total Liabilities$43,506$7,154▼ $36,352
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,187,800$12,655,265▲ $1,467,465
Net Assets With Donor Restrictions$1,797,533$1,836,039▲ $38,506
Total Net Assets Fund Balance$12,985,333$14,491,304▲ $1,505,971
Total Liabilities and Net Assets / Fund Balance$13,028,839$14,498,458▲ $1,469,619

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$5,200$5,200

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$12,180,429$5,000▲ $1,793,301-$13,755,730
2022$11,317,702$5,000▲ $1,100,227-$12,180,429
2021$12,708,946$5,300▼ $1,216,644-$11,317,702
2020$831,588$11,625,586▲ $278,772-$12,708,946
2019$1,490,281$5,000▼ $241,342$405,351$831,588
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kevin DekoninckExecutive DirectorFT$78,500$78,500
Simone ReddChairwoman-$1,200$1,200

Board Members and Trustees

NameTitle
Dr James RountreeVice Chair
Cary WrightMember
Dr Rachel HodgeMember
Schnika HodgeSecretary
Jonathan MartinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$-18,835
Program Service Revenue
$0
Investment Income
$782,137
Other Revenue
$0
All Other Contributions
$6,000
Change in Net Assets
$479,419

Audited Revenue Reconciliation

Revenue per Audited Statements
$747,914
Revenue Not Reported on Financial Statements
$15,388
Revenue Not Reported on Form 990
$1,026,552
Total Revenue per Audited Statements
$1,774,466
Total Revenue per Form 990
$763,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$135,902
Salaries, Compensation, and Employee Benefits$89,816
Grants and Similar Amounts Paid$58,165
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$7,620$68,580-$76,200
Fees for Services Legal-$54,440-$54,440
Grants to Domestic Orgs$35,165--$35,165
Fees for Services Accounting-$28,726-$28,726
Grants to Domestic Individuals$23,000--$23,000
Insurance$9,819$9,820-$19,639
Fees for Service Investment Mgmnt Fees-$15,388-$15,388
Office Expenses-$6,308-$6,308
Payroll Taxes$616$5,539-$6,155
Other Employee Benefits$360$3,240-$3,600
Occupancy$360$3,240-$3,600
Travel$264$2,371-$2,635
Pension Plan Contributions$236$2,122-$2,358
Other Salaries and Wages$150$1,353-$1,503
Other Expenses$133$1,045-$1,045
Depreciation Depletion-$110-$110
Total Functional Expenses$77,871$206,012$0$283,883

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$283,883
Expenses per Audited Statements$268,495
Total Expenses per Audited Statements$268,495
Expenses Not Reported on Financial Statements$15,388
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New College InstituteMartinsville, VA-Develop Additional Programs$35,165
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Reviewed internally by staff. Then reviewed by Audit Committee and presented to the Board for review.”

Form 990, Part VI, Section B, Line 15A

“Review of salaries for similar positions and educational levels are approved by the board.”

Form 990, Part VI, Section B, Line 15B

“Officers do not receive compensation. No employees earn more than $100,000.”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST.”

Filing and Contact Details

Filer

Filer Name
Mhc Academic Foundation
EIN
20-8407010
Phone
2764034445
Address
PO BOX 492, MARTINSVILLE, VA 24114

Signing Officer

Name
Kevin Dekoninck
Title
Executive Director
Signed
2024-10-28
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
6
Employees
2

Preparer

Firm
Foti Flynn Lowen & Co PC
Address
PO Box 12765, Roanoke, VA 24028
Preparer
Bradley J Davis CPA
Phone
5403449246
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01026552
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt011187800
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt012655265
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt03240
IRS990/OccupancyGrp/ProgramServicesAmt0360
IRS990/OccupancyGrp/TotalAmt03600
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06308
IRS990/OfficeExpensesGrp/TotalAmt06308
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03240
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0360
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03600
IRS990/OtherExpensesGrp/Desc0Bank Charges
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2Accreditation & Memberships
IRS990/OtherExpensesGrp/Desc3MISC
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01335
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11197
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21198
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31045
IRS990/OtherExpensesGrp/ProgramServicesAmt0148
IRS990/OtherExpensesGrp/ProgramServicesAmt1133
IRS990/OtherExpensesGrp/TotalAmt01483
IRS990/OtherExpensesGrp/TotalAmt11330
IRS990/OtherExpensesGrp/TotalAmt21198
IRS990/OtherExpensesGrp/TotalAmt31045
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01353
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0150
IRS990/OtherSalariesAndWagesGrp/TotalAmt01503
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05539
IRS990/PayrollTaxesGrp/ProgramServicesAmt0616
IRS990/PayrollTaxesGrp/TotalAmt06155
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02122
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0236
IRS990/PensionPlanContributionsGrp/TotalAmt02358
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04983
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012017
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt019300
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0106500
IRS990/PYInvestmentIncomeAmt0650438
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0125175
IRS990/PYRevenuesLessExpensesAmt0348759
IRS990/PYSalariesCompEmpBnftPaidAmt089304
IRS990/PYTotalExpensesAmt0320979
IRS990/PYTotalRevenueAmt0669738
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0479419
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0-18835
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt019300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0311900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0150454
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt026734
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0489553
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0317445
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0275255
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0260780
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0181465
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt075262
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01110207
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0501401
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0677
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt046
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0723
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.27710
IRS990ScheduleA/PublicSupportPY170Pct00.34950
IRS990ScheduleA/PublicSupportTotal170Amt0443573
IRS990ScheduleA/SubstantialContributorsTotAmt045980
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsPY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0-18835
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt019300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0311900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0150454
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt026734
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0489553
IRS990ScheduleA/TotalSupportAmt01600483
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.91270
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt012180429
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt013755730
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0223000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01793301
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt011317702
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt012180429
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0242500
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01100227
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt012708946
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt05300
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt011317702
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0179900
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1216644
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0831588
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt011625586
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt012708946
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt027000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0278772
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01490281
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0831588
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt017000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-241342
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0405351
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05200
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05200
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt015388
IRS990ScheduleD/ExpensesSubtotalAmt0268495
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt015388
IRS990ScheduleD/InvestmentExpensesNotIncldAmt015388
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01026552
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.04360
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt01026552
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt015388
IRS990ScheduleD/RevenueSubtotalAmt0747914
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.04370
IRS990ScheduleD/TotalExpensesPerForm990Amt0283883
IRS990ScheduleD/TotalRevenuePerForm990Amt0763302
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01774466
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0268495
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt023000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR STUDENTS ATTENDING NEW COLLEGE INSTITUTE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990ScheduleI/RecipientTable/CashGrantAmt035165
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DEVELOP ADDITIONAL PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NEW COLLEGE INSTITUTE
IRS990ScheduleI/RecipientTable/RecipientEIN0611505770
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0191 FAYETTE ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MARTINSVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd024112
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH VALUE
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,498,458
Liabilities
$7,154
Net assets
$14,491,304
Revenue
$763,302
Expenses
$283,883
Net income
$479,419
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$16.1$0.00$16.1$1.20$0.30$0.90
2024Detailed filing. Detailed filing data is available for this year.$14.5$0.01$14.5$0.76$0.28$0.48
2023Detailed filing. Detailed filing data is available for this year.$13.0$0.04$13.0$0.67$0.32$0.35
2022Detailed filing. Detailed filing data is available for this year.$12.2$0.01$12.2$1.12$0.48$0.63
2021Detailed filing. Detailed filing data is available for this year.$13.5$0.00$13.5$5.08$1.22$6.30
2020Detailed filing. Detailed filing data is available for this year.$18.5$0.08$18.4$0.67$1.30$0.63
2019Detailed filing. Detailed filing data is available for this year.$19.3$0.04$19.3$0.71$1.42$0.70
2018Detailed filing. Detailed filing data is available for this year.$19.9$0.02$19.9$0.84$1.62$0.77
2017Detailed filing. Detailed filing data is available for this year.$21.1$0.60$20.5$1.75$2.34$0.60
2016Detailed filing. Detailed filing data is available for this year.$21.7$0.80$20.9$2.11$2.80$0.69
2015Detailed filing. Detailed filing data is available for this year.$22.4$0.79$21.6$3.44$3.51$0.06
2014Detailed filing. Detailed filing data is available for this year.$23.0$1.35$21.6$9.35$1.98$7.37
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.9$0.74$14.1$2.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.00$2.56$1.35
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.09$2.25$1.12