Civic Intelligence

Mhc Academic Foundation

990 • Fiscal year 2014 • EIN 20-8407010

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 11, 2014

Organization ProfileN/A
191 Fayette St24112

(276) 403-5606

Siviq Scores

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

Liabilities / Assets

27th percentile

0.06x

Higher debt load relative to assets than 27% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

36th percentile

0.14x

Higher debt load relative to revenue than 36% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

97th percentile

79%

Higher net margin than 97% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

81st percentile

$316,272

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 3.4% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

95th percentile

55%

Faster asset growth than 95% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2014

Balance Sheet
Liabilities / Assets27th percentile

Assets

Up

$22,978,040

Up $8,107,383 (+55%) from 2013

Net Assets

Up

$21,627,515

Up $7,493,081 (+53%) from 2013

Liabilities

Up

$1,350,525

Up $614,302 (+83%) from 2013

Revenue And Expenses
Liabilities / Revenue36th percentileNet Margin97th percentile

Revenue

$9,350,154

No earlier filing loaded for comparison.

Expenses

Down

$1,978,026

Down $215,162 (-9.8%) from 2013

Net Income

$7,372,128

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2014

Assets$22,978,040
Liabilities$1,350,525
Net Assets$21,627,515
Open 2014 Filing

Operations Trend

Revenue GrowthScore unavailable

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

2014

Revenue$9,350,154
Expenses$1,978,026
Net Income$7,372,128
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 11, 2014
Return Version
2013v3.1
Gross Receipts
$9,350,154
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,049,390$16,409,269▲ $13,359,879
Cash and Non-Interest-Bearing Accounts$8,745,797$3,427,290▼ $5,318,507
Pledges and Grants Receivable$2,021,905$1,615,203▼ $406,702
Investments in Publicly Traded Securities$1,050,479$1,522,779▲ $472,300
Prepaid Expenses and Deferred Charges$386$799▲ $413
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$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$14,870,657$22,978,040▲ $8,107,383
Other Assets Total$2,700$2,700→ $0
Liabilities
Accounts Payable and Accrued Expenses$736,223$1,350,525▲ $614,302
Total Liabilities$736,223$1,350,525▲ $614,302
Net Assets / Fund Balance
Unrestricted Net Assets$3,731,851$18,007,246▲ $14,275,395
Temporarily Rstr Net Assets$9,886,863$3,088,449▼ $6,798,414
Permanently Rstr Net Assets$515,720$531,820▲ $16,100
Total Net Assets Fund Balance$14,134,434$21,627,515▲ $7,493,081
Total Liabilities and Net Assets / Fund Balance$14,870,657$22,978,040▲ $8,107,383

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$15,863,369$11,151$15,874,520
Land$545,900-$545,900

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$919,496$17,100▲ $131,457-$1,039,053
2012$763,068$55,200▲ $116,228-$919,496
2011$650,538$57,900▲ $65,630-$763,068
2010$161,188$468,072▲ $27,471-$650,538
2009-$165,361▲ $20,348-$161,188
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
William a Wampler JrExecutive DirectorFT$316,272$316,272

Board Members and Trustees

NameTitle
Kimble Reynolds JrChairman
Jane GardnerVice Chair
Doug PayneBoard Member
Irving Groves JrBoard Member
Margaret D TurnerBoard Member
Marshall W StoweBoard Member
Robert H Spilman JrBoard Member
T Bahnson Stanley IiiBoard Member
Suzanne LacySecretary
Laura BowlesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,263,896
Program Service Revenue
$0
Investment Income
$86,258
Other Revenue
$0
All Other Contributions
$3,887,423
Change in Net Assets
$7,372,128

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,350,154
Revenue Not Reported on Form 990
$120,953
Total Revenue per Audited Statements
$9,471,107
Total Revenue per Form 990
$9,350,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,399,691
Salaries, Compensation, and Employee Benefits$546,835
Total Fundraising Expense$248,480
Grants and Similar Amounts Paid$31,500
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$126,509$94,882$94,881$316,272
Other Salaries and Wages$46,153$34,614$115,585$196,352
All Other Expenses$54,417$46,028$200$100,645
Advertising$43,488$8,154$2,718$54,360
Other Expenses$52,833$186,724$12,448$52,833
Grants to Domestic Individuals$31,500--$31,500
Payroll Taxes$7,601$5,701$12,324$25,626
Occupancy$19,705--$19,705
Insurance-$16,224-$16,224
Office Expenses$7,243$1,811$2,302$11,356
Other Employee Benefits-$8,585-$8,585
Travel$5,621$1,405-$7,026
Depreciation Depletion-$2,390-$2,390
Total Functional Expenses$1,323,028$406,518$248,480$1,978,026

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,978,026
Total Expenses per Audited Statements$1,978,026
Total Expenses per Form 990$1,978,026
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
Yes
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 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
Yes
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, Line 11B: Form 990 Review Process

“The form 990 and audited financial statements are presented to the audit committee for review and acceptance. After approval they are provided to the full board as a recommendation of approval from the audit committee.the organization makes it governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“The executive director of the organization received certain fringe benefits that are consistent with those normally received by the president of a university or other institution of higher education. These benefits were documented and approved by the board upon hiring of this position. The executive director of the organization also received a salary supplement to what is received from the new college institute which was also approved by the foundation board.other staff are paid a flat rate to perform routine administrative services for the foundation which the board has approved.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“UPON REQUEST.”

Filing and Contact Details

Filer

EIN
20-8407010
Phone
2764035606

Signing Officer

Name
Kimble Reynolds Jr
Title
Chairman
Signed
2014-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kimble Reynolds Jr
Formed
2006
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
8

Preparer

Preparer
Bradley J Davis CPA
Phone
5403449246
Raw XML AppendixShowing 400 of 559 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0736223
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01350525
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AddressChangeInd0X
IRS990/AdvertisingGrp/FundraisingAmt02718
IRS990/AdvertisingGrp/ManagementAndGeneralAmt08154
IRS990/AdvertisingGrp/ProgramServicesAmt043488
IRS990/AdvertisingGrp/TotalAmt054360
IRS990/AllAffiliatesIncludedInd0false
IRS990/AllOtherContributionsAmt03887423
IRS990/AllOtherExpensesGrp/FundraisingAmt0200
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt046028
IRS990/AllOtherExpensesGrp/ProgramServicesAmt054417
IRS990/AllOtherExpensesGrp/TotalAmt0100645
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0THE FOUNDATION
IRS990/BooksInCareOfDetail/PhoneNum02764035606
IRS990/BooksInCareOfDetail/USAddress/AddressLine1029 JONES STREET
IRS990/BooksInCareOfDetail/USAddress/City0MARTINSVILLE
IRS990/BooksInCareOfDetail/USAddress/State0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCode024112
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt08745797
IRS990/CashNonInterestBearingGrp/EOYAmt03427290
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt094881
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt094882
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0126509
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0316272
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt09263896
IRS990/CYGrantsAndSimilarPaidAmt031500
IRS990/CYInvestmentIncomeAmt086258
IRS990/CYOtherExpensesAmt01399691
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt07372128
IRS990/CYSalariesCompEmpBnftPaidAmt0546835
IRS990/CYTotalExpensesAmt01978026
IRS990/CYTotalFundraisingExpenseAmt0248480
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt09350154
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02390
IRS990/DepreciationDepletionGrp/TotalAmt02390
IRS990/Desc0NCF ENCOURAGED AND COORDINATED THE DEVELOPMENT AND DELIVERY OF DEGREE PROGRAMS AND OTHER CREDIT AND NON-CREDIT COURSES FOR THE PURPOSE OF SATISFYING STATEWIDE CRITICAL SHORTAGE AREAS AND INDUSTRY NEEDS. THIS WAS ACCOMPLISHED BY PROVIDING DIRECT AND INDIRECT SUPPORT TO NEW COLLEGE INSTITUTE AND TO THOSE STUDENTS ATTENDING.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountInd0false
IRS990/ExcessBusinessHoldingsInd0false
IRS990/ExpenseAmt01323028
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282FiledCnt00
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0JANE GARDNER
IRS990/Form990PartVIISectionAGrp/PersonNm1IRVING GROVES JR
IRS990/Form990PartVIISectionAGrp/PersonNm2MARGARET D TURNER
IRS990/Form990PartVIISectionAGrp/PersonNm3SUZANNE LACY
IRS990/Form990PartVIISectionAGrp/PersonNm4LAURA BOWLES
IRS990/Form990PartVIISectionAGrp/PersonNm5KIMBLE REYNOLDS JR
IRS990/Form990PartVIISectionAGrp/PersonNm6ROBERT H SPILMAN JR
IRS990/Form990PartVIISectionAGrp/PersonNm7MARSHALL W STOWE
IRS990/Form990PartVIISectionAGrp/PersonNm8T BAHNSON STANLEY III
IRS990/Form990PartVIISectionAGrp/PersonNm9DOUG PAYNE
IRS990/Form990PartVIISectionAGrp/PersonNm10WILLIAM A WAMPLER JR
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10316272
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormationYr02006
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt011
IRS990/GovernmentGrantsAmt05376473
IRS990/GrantAmt031500
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt031500
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt031500
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt09350154
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt016224
IRS990/InsuranceGrp/TotalAmt016224
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt086258
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt086258
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01050479
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01522779
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt019
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011151
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03049390
IRS990/LandBldgEquipBasisNetGrp/EOYAmt016409269
IRS990/LandBldgEquipCostOrOtherBssAmt016420420
IRS990/LegalDomicileStateCd0VA
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt014134434
IRS990/NetAssetsOrFundBalancesEOYAmt021627515
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0120953
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt019705
IRS990/OccupancyGrp/TotalAmt019705
IRS990/OfficeExpensesGrp/FundraisingAmt02302
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01811
IRS990/OfficeExpensesGrp/ProgramServicesAmt07243
IRS990/OfficeExpensesGrp/TotalAmt011356
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt02700
IRS990/OtherAssetsTotalGrp/EOYAmt02700
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08585
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08585
IRS990/OtherExpensesGrp/Desc0education and outreach
IRS990/OtherExpensesGrp/Desc1professional service fees
IRS990/OtherExpensesGrp/Desc2classroom equipment
IRS990/OtherExpensesGrp/Desc3RENT
IRS990/OtherExpensesGrp/FundraisingAmt08022
IRS990/OtherExpensesGrp/FundraisingAmt112448
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0186724
IRS990/OtherExpensesGrp/ProgramServicesAmt0775022
IRS990/OtherExpensesGrp/ProgramServicesAmt149793
IRS990/OtherExpensesGrp/ProgramServicesAmt2103143
IRS990/OtherExpensesGrp/ProgramServicesAmt352833
IRS990/OtherExpensesGrp/TotalAmt0783044
IRS990/OtherExpensesGrp/TotalAmt1248965
IRS990/OtherExpensesGrp/TotalAmt2103143
IRS990/OtherExpensesGrp/TotalAmt352833
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0115585
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt034614
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt046153
IRS990/OtherSalariesAndWagesGrp/TotalAmt0196352
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt012324
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05701
IRS990/PayrollTaxesGrp/ProgramServicesAmt07601
IRS990/PayrollTaxesGrp/TotalAmt025626
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0515720
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0531820
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02021905
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01615203
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0386
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0799
IRS990/PrincipalOfficerNm0KIMBLE REYNOLDS JR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt013610657
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt015000
IRS990/PYInvestmentIncomeAmt034537
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01555373
IRS990/PYOtherRevenueAmt02586
IRS990/PYRevenuesLessExpensesAmt011454592
IRS990/PYSalariesCompEmpBnftPaidAmt0622815
IRS990/PYTotalExpensesAmt02193188
IRS990/PYTotalRevenueAmt013647780
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt07372128
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/CollegeOrganizationInd0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt09303896
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt013610657
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01618888
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02235249
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02004689
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt028773379
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt086258
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt034537
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt029588
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt09396
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt011721
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0171500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02586
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0443
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0483
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0297
IRS990ScheduleA/OtherIncome170Grp/TotalAmt03809
IRS990ScheduleA/PublicSupportCY170Pct00.39160
IRS990ScheduleA/PublicSupportPY170Pct00.32510
IRS990ScheduleA/PublicSupportTotal170Amt011335433
IRS990ScheduleA/SubstantialContributorsTotAmt017437946
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt09303896
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt013610657
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01618888
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02235249
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02004689
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt028773379
IRS990ScheduleA/TotalSupportAmt028948688
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
IRS990ScheduleC/CorrectionMadeInd0false
IRS990ScheduleC/DirectContactLegislatorsAmt053488
IRS990ScheduleC/DirectContactLegislatorsInd0true
IRS990ScheduleC/Form4720Filed4912TaxInd0false
IRS990ScheduleC/Form4720FiledSection4955TaxInd0false
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesInd0false
IRS990ScheduleC/PaidStaffOrManagementInd0false
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0NEW COLLEGE FOUNDATION RETAINS A CONSULTANT, CHARLES M. GUTHRIDGE ASSOCIATES, TO ASSIST IN EDUCATING VIRGINIA'S STATE AGENCIES ABOUT THE NEW COLLEGE INSTITUTES PROGRAMS, INITIATIVES AND PROJECTS.THE FOUNDATION PAID CONSULTING FEES OF $53,488 TO CHARLES M. GUTHRIDGE ASSOCIATES DURING THE TWELVE MONTHS ENDED 6/30/14 FOR THESE SERVICES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II-B, Line 1i - Other Activities Description
IRS990ScheduleC/TotalLobbyingExpendituresAmt053488
IRS990ScheduleC/VolunteersInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,978,040
Liabilities
$1,350,525
Net assets
$21,627,515
Revenue
$9,350,154
Expenses
$1,978,026
Net income
$7,372,128
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