Civic Intelligence

Mhc Academic Foundation

EIN 20-8407010 • 501(c)3 • Martinsville, VA

Profile

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.

PO Box 492Martinsville, VA 24114

mhcaf.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Net Margin

95th percentile

75%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

68th percentile

11%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

88th percentile

57%

Faster revenue growth than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$16,118,675

Up $1,620,217 (+11%) from 2024

Liabilities

Down

$2,061

Down $5,093 (-71%) from 2024

Net Assets

Up

$16,116,614

Up $1,625,310 (+11%) from 2024

Operations
Liabilities / Revenue8th percentileNet Margin95th percentile

Revenue

Up

$1,196,414

Up $433,112 (+57%) from 2024

Expenses

Up

$295,020

Up $11,137 (+3.9%) from 2024

Net Income

Up

$901,394

Up $421,975 (+88%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth68th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$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

2025

Assets$16,118,675
Liabilities$2,061
Net Assets$16,116,614
Open 2025 Filing

Operations Trend

Revenue Growth88th percentile

Revenue, expenses, and net income by year, with the latest 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

2025

Revenue$1,196,414
Expenses$295,020
Net Income$901,394
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,118,675
Liabilities
$2,061
Net assets
$16,116,614
Revenue
$1,196,414
Expenses
$295,020
Net income
$901,394
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
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 28, 2025
Return Version
2024v5.2
Gross Receipts
$3,316,549
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$14,276,323$15,508,242▲ $1,231,919
Cash and Non-Interest-Bearing Accounts$210,118$598,789▲ $388,671
Prepaid Expenses and Deferred Charges$12,017$11,644▼ $373
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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$14,498,458$16,118,675▲ $1,620,217
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$7,154$2,061▼ $5,093
Total Liabilities$7,154$2,061▼ $5,093
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,655,265$14,166,501▲ $1,511,236
Net Assets With Donor Restrictions$1,836,039$1,950,113▲ $114,074
Total Net Assets Fund Balance$14,491,304$16,116,614▲ $1,625,310
Total Liabilities and Net Assets / Fund Balance$14,498,458$16,118,675▲ $1,620,217

Asset Categories

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

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$13,755,730$3,000▲ $1,899,950-$14,987,680
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
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Kevin DekoninckExecutive DirectorFT$78,600$78,600
Simone ReddChairwoman-$1,200$1,200

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$3,000
Program Service Revenue
$0
Investment Income
$1,193,414
Other Revenue
$0
All Other Contributions
$3,000
Change in Net Assets
$901,394

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,179,034
Revenue Not Reported on Financial Statements
$17,380
Revenue Not Reported on Form 990
$723,916
Total Revenue per Audited Statements
$1,902,950
Total Revenue per Form 990
$1,196,414
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$153,787
Salaries, Compensation, and Employee Benefits$90,233
Grants and Similar Amounts Paid$51,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$79,357-$79,357
Current Officers, Directors, Trustees, and Key Employees$7,620$68,580-$76,200
Grants to Domestic Orgs$30,000--$30,000
Grants to Domestic Individuals$21,000--$21,000
Insurance$9,800$9,801-$19,601
Fees for Service Investment Mgmnt Fees-$17,380-$17,380
Fees for Services Accounting-$15,550-$15,550
Office Expenses-$8,764-$8,764
Payroll Taxes$653$5,880-$6,533
Other Employee Benefits$360$3,240-$3,600
Occupancy$360$3,240-$3,600
Travel$356$3,201-$3,557
Pension Plan Contributions$236$2,122-$2,358
Other Salaries and Wages$154$1,388-$1,542
Other Expenses$135$447-$447
Total Functional Expenses$70,813$224,207$0$295,020

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$295,020
Expenses per Audited Statements$277,640
Total Expenses per Audited Statements$277,640
Expenses Not Reported on Financial Statements$17,380
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New College InstituteMartinsville, VA-Develop Additional Programs$30,000
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
Yes
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
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Formed
2006
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
2

Preparer

Firm
Foti Flynn Lowen & Co Pc
Address
501 S JEFFERSON ST, ROANOKE, VA 24011
Preparer
Bradley J Davis CPA
Phone
5403449246
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IRS990/LegalDomicileStateCd0VA
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IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO 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.
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IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt014491304
IRS990/NetAssetsOrFundBalancesEOYAmt016116614
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0849015
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0849015
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt012655265
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt014166501
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt03240
IRS990/OccupancyGrp/ProgramServicesAmt0360
IRS990/OccupancyGrp/TotalAmt03600
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08764
IRS990/OfficeExpensesGrp/TotalAmt08764
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03240
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0360
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03600
IRS990/OtherExpensesGrp/Desc0Accreditation & Memberships
IRS990/OtherExpensesGrp/Desc1Bank Charges
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3MISC
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02793
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11254
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21210
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3447
IRS990/OtherExpensesGrp/ProgramServicesAmt0139
IRS990/OtherExpensesGrp/ProgramServicesAmt1135
IRS990/OtherExpensesGrp/TotalAmt02793
IRS990/OtherExpensesGrp/TotalAmt11393
IRS990/OtherExpensesGrp/TotalAmt21345
IRS990/OtherExpensesGrp/TotalAmt3447
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01388
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0154
IRS990/OtherSalariesAndWagesGrp/TotalAmt01542
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05880
IRS990/PayrollTaxesGrp/ProgramServicesAmt0653
IRS990/PayrollTaxesGrp/TotalAmt06533
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02122
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0236
IRS990/PensionPlanContributionsGrp/TotalAmt02358
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt012017
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011644
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0-18835
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt058165
IRS990/PYInvestmentIncomeAmt0782137
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0135902
IRS990/PYRevenuesLessExpensesAmt0479419
IRS990/PYSalariesCompEmpBnftPaidAmt089816
IRS990/PYTotalExpensesAmt0283883
IRS990/PYTotalRevenueAmt0763302
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0901394
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/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: BEGINNING IN 2023, THE FOUNDATION WAS ISSUED A CEASE AND DESIST LETTER FROM THE VA ATTORNEY GENERAL'S OFFICE. THIS WAS ISSUED AS PART OF AN ONGOING LEGAL DISPUTE BETWEEN THE FOUNDATION AND NEW COLLEGE INSTITUTE ("NCI"). THE FOUNDATION HAS COMPLIED WITH THIS LETTER WHICH HAS CAUSED OUTGOING GRANTS TO ORGANIZATIONS ASIDE FROM NCI TO BE HALTED. THE LACK OF ACTIVITY AND NEGATIVE PR HAS DRASTICALLY AFFECTED THE FOUNDATION'S ABILITY TO SOLICIT NEW CONTRIBUTIONS FROM THE PUBLIC. THE FOUNDATION IS NOT SEEKING ADDITIONAL DONATIONS IN ORDER TO COMPLY WITH THE CEASE AND DESIST LETTER. THE FOUNDATION DOES MAINTAIN A BOARD OF DIRECTORS THAT BROADLY REPRESENTS THE INTERESTS OF THE PUBLIC, AND IT PLANS TO SUPPORT THE MARTINSVILLE AND HENRY COUNTY COMMUNITY ONCE THE CEASE AND DESIST IS LIFTED. $14,987,680 OF THE FOUNDATION'S INVESTMENTS ARE INCLUDED IN DONOR FUNDED ENDOWMENTS WHICH GENERATE THE VAST MAJORITY OF THE FOUNDATION'S INVESTMENT INCOME. Prior Year Facts and Circumstances: BEGINNING IN 2023, THE FOUNDATION WAS ISSUED A CEASE AND DESIST LETTER FROM THE VA ATTORNEY GENERAL'S OFFICE. THIS WAS ISSUED AS PART OF AN ONGOING LEGAL DISPUTE BETWEEN THE FOUNDATION AND NEW COLLEGE INSTITUTE ("NCI"). THE FOUNDATION HAS COMPLIED WITH THIS LETTER WHICH HAS CAUSED OUTGOING GRANTS TO ORGANIZATIONS ASIDE FROM NCI TO BE HALTED. THE LACK OF ACTIVITY AND NEGATIVE PR HAS DRASTICALLY AFFECTED THE FOUNDATION'S ABILITY TO SOLICIT NEW CONTRIBUTIONS FROM THE PUBLIC. THE FOUNDATION IS NOT SEEKING ADDITIONAL DONATIONS IN ORDER TO COMPLY WITH THE CEASE AND DESIST LETTER. THE FOUNDATION DOES MAINTAIN A BOARD OF DIRECTORS THAT BROADLY REPRESENTS THE INTERESTS OF THE PUBLIC, AND IT PLANS TO SUPPORT THE MARTINSVILLE AND HENRY COUNTY COMMUNITY ONCE THE CEASE AND DESIST IS LIFTED. $13,755,730 OF THE FOUNDATION'S INVESTMENTS ARE INCLUDED IN DONOR FUNDED ENDOWMENTS WHICH GENERATE THE VAST MAJORITY OF THE FOUNDATION'S INVESTMENT INCOME.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0-18835
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt019300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0311900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0150454
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0465819
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0344399
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0317445
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0275255
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0260780
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0181465
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01379344
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0118401
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0677
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt046
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0723
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.23280
IRS990ScheduleA/PublicSupportPY170Pct00.27710
IRS990ScheduleA/PublicSupportTotal170Amt0429655
IRS990ScheduleA/SubstantialContributorsTotAmt036164
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0-18835
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt019300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0311900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0150454
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0465819
IRS990ScheduleA/TotalSupportAmt01845886
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.91010
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt013755730
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt03000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt014987680
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt0671000
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01899950
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt012180429
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt013755730
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0223000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01793301
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt011317702
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt05000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt012180429
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0242500
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01100227
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt012708946
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt05300
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt011317702
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0179900
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1216644
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0831588
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt011625586
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt012708946
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt027000
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0278772
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt05200
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05200
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt017380
IRS990ScheduleD/ExpensesSubtotalAmt0277640
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt017380
IRS990ScheduleD/InvestmentExpensesNotIncldAmt017380
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0723916
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.04030
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/RevenueNotReportedAmt0723916
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt017380
IRS990ScheduleD/RevenueSubtotalAmt01179034
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.04960
IRS990ScheduleD/TotalExpensesPerForm990Amt0295020
IRS990ScheduleD/TotalRevenuePerForm990Amt01196414
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01902950
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0277640
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt021000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS FOR STUDENTS ATTENDING NEW COLLEGE INSTITUTE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt05
IRS990ScheduleI/RecipientTable/CashGrantAmt030000
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
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Reviewed internally by staff. Then reviewed by Audit Committee and presented to the Board for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1REVIEW OF SALARIES FOR SIMILAR POSITIONS AND EDUCATIONAL LEVELS ARE APPROVED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS DO NOT RECEIVE COMPENSATION. NO EMPLOYEES EARN MORE THAN $100,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false

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