Civic Intelligence

The Virginia Foundation for Community College Education Inc

990 • Fiscal year 2020 • EIN 23-7004354

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileWWW.VFCCE.ORG
300 Arboretum Parkway No 200Richmond, VA 23236

(804) 819-4962

Siviq Scores

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

Liabilities / Assets

24th percentile

0.04x

Higher debt load relative to assets than 24% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

34th percentile

0.16x

Higher debt load relative to revenue than 34% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

9th percentile

-36%

Higher net margin than 9% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

50th percentile

$173,013

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

8th percentile

-7.9%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

16th percentile

-26%

Faster revenue growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets24th percentile

Assets

Down

$14,207,630

Down $1,226,881 (-7.9%) from 2019

Net Assets

Down

$13,661,029

Down $1,366,391 (-9.1%) from 2019

Liabilities

Up

$546,601

Up $139,510 (+34%) from 2019

Revenue And Expenses
Liabilities / Revenue34th percentileNet Margin9th percentile

Revenue

Down

$3,326,675

Down $1,160,522 (-26%) from 2019

Expenses

Up

$4,514,848

Up $1,184,179 (+36%) from 2019

Net Income

Down

-$1,188,173

Down $2,344,701 (-203%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $5,730,530Liabilities 2011: $167,647Net Assets 2011: $5,562,8832011Assets 2012: $5,827,457Liabilities 2012: $167,695Net Assets 2012: $5,659,7622012Assets 2013: $6,300,305Liabilities 2013: $112,435Net Assets 2013: $6,187,8702013Assets 2014: $9,546,800Liabilities 2014: $290,377Net Assets 2014: $9,256,4232014Assets 2015: $9,846,766Liabilities 2015: $347,719Net Assets 2015: $9,499,0472015Assets 2016: $10,404,332Liabilities 2016: $147,969Net Assets 2016: $10,256,3632016Assets 2017: $12,388,395Liabilities 2017: $465,672Net Assets 2017: $11,922,7232017Assets 2018: $14,933,736Liabilities 2018: $662,971Net Assets 2018: $14,270,7652018Assets 2019: $15,434,511Liabilities 2019: $407,091Net Assets 2019: $15,027,4202019Assets 2020: $14,207,630Liabilities 2020: $546,601Net Assets 2020: $13,661,0292020Assets 2021: $14,301,473Liabilities 2021: $361,540Net Assets 2021: $13,939,9332021Assets 2022: $14,266,260Liabilities 2022: $430,655Net Assets 2022: $13,835,6052022Assets 2023: $15,491,078Liabilities 2023: $636,935Net Assets 2023: $14,854,1432023Assets 2024: $17,135,891Liabilities 2024: $2,003,667Net Assets 2024: $15,132,2242024

Highlighted filing

2020

Assets$14,207,630
Liabilities$546,601
Net Assets$13,661,029
Open 2020 Filing

Operations Trend

Revenue Growth16th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,638,8102011Expenses 2012: $3,754,2822012Expenses 2013: $1,648,7982013Revenue 2014: $4,152,767Expenses 2014: $1,920,473Net Income 2014: $2,232,2942014Revenue 2015: $3,763,298Expenses 2015: $2,434,765Net Income 2015: $1,328,5332015Revenue 2016: $2,987,074Expenses 2016: $2,514,484Net Income 2016: $472,5902016Revenue 2017: $4,567,771Expenses 2017: $3,572,044Net Income 2017: $995,7272017Revenue 2018: $5,853,534Expenses 2018: $3,745,456Net Income 2018: $2,108,0782018Revenue 2019: $4,487,197Expenses 2019: $3,330,669Net Income 2019: $1,156,5282019Revenue 2020: $3,326,675Expenses 2020: $4,514,848Net Income 2020: -$1,188,1732020Revenue 2021: $3,150,403Expenses 2021: $3,960,877Net Income 2021: -$810,4742021Revenue 2022: $5,888,244Expenses 2022: $3,788,599Net Income 2022: $2,099,6452022Revenue 2023: $5,006,881Expenses 2023: $4,811,518Net Income 2023: $195,3632023Revenue 2024: $5,247,332Expenses 2024: $5,733,792Net Income 2024: -$486,4602024

Highlighted filing

2020

Revenue$3,326,675
Expenses$4,514,848
Net Income-$1,188,173
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$4,907,182
Mission and Program Overview

Mission

The virginia foundation for community college education (vfcce) mission is building student success and the commonwealth's future by supporting virginia's community college students. Vfcce provides statewide leadership in providing needed resources to help all community college students achieve college successs, supplementing the activities of the 23 colleges and securing support for system-wide initiatives that could not be undertaken by any single college.

To provide access to education & ensure success for all students, regardless of background.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,897,138$8,686,302▼ $210,836
Pledges and Grants Receivable$3,636,270$2,964,132▼ $672,138
Savings and Temporary Cash Investments$2,858,168$2,505,905▼ $352,263
Investments Other Securities$42,935$32,982▼ $9,953
Accounts Receivable-$18,309-
Total Assets$15,434,511$14,207,630▼ $1,226,881
Liabilities
Accounts Payable and Accrued Expenses$376,111$403,382▲ $27,271
Deferred Revenue-$117,100-
Other Liabilities$30,980$26,119▼ $4,861
Total Liabilities$407,091$546,601▲ $139,510
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,106,816$10,810,074▼ $1,296,742
Net Assets Without Donor Restrictions$2,920,604$2,850,955▼ $69,649
Total Net Assets Fund Balance$15,027,420$13,661,029▼ $1,366,391
Total Liabilities and Net Assets / Fund Balance$15,434,511$14,207,630▼ $1,226,881

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$4,100,600$50,130▲ $122,163-$4,155,706
2018$3,895,941$46,750▲ $246,127-$4,100,600
2017$3,052,762$587,598▲ $362,155-$3,895,941
2016$2,874,268$43,420▲ $242,973-$3,052,762
2015$2,830,742$60,000▲ $91,123-$2,874,268
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jennifer Sager GentryDIRECTOR; EXECUTIVE DIRECTORFT$139,527$33,486$173,013

Board Members and Trustees

NameTitle
Stewart RobersonChair
The Honorable Nancy FirestoneVice Chair
A Michael WilkersonDirector
Ben Davenport JrDirector
Caroline Petters SauerDirector
Chris FrenchDirector
Deborah JohnstonDirector
Dorcas Helfant-browningDirector
Elizabeth El-nattarDirector
Gaye C MontgomeryDirector
Glenn DuboisDirector
Gretchen C ByrdDirector
John J RainoneDirector
Julia Gilliam SterlingDirector
Karen I CampbellDirector
Paul E RuppertDirector
Paula RothenbergDirector
Robin SullenbergerDirector
Ronald H HolmesDirector
Stephen MoretDirector
Dan R DixonSecretary
Brad ReppTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,751,865
Program Service Revenue
$0
Investment Income
$572,310
Other Revenue
$2,500
All Other Contributions
$2,751,865
Change in Net Assets
$-1,188,173

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,267,890
Revenue Not Reported on Financial Statements
$58,785
Revenue Not Reported on Form 990
$257,036
Total Revenue per Audited Statements
$3,524,926
Total Revenue per Form 990
$3,326,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,196,764
Other Expenses$676,656
Salaries, Compensation, and Employee Benefits$641,428
Total Fundraising Expense$471,078
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,955,313--$1,955,313
Grants to Domestic Individuals$1,241,451--$1,241,451
Other Salaries and Wages$15,560$272,523$353,345$641,428
Fees for Services Other$65,160$12,410$80,216$157,786
Conferences and Meetings$122,465$25,139-$147,604
Fees for Services Lobbying$100,100--$100,100
Fees for Service Investment Mgmnt Fees-$58,785-$58,785
Travel$36,857$2,107-$38,964
Advertising$26,559$160$8,786$35,505
Fees for Services Accounting-$21,475-$21,475
Office Expenses$14,582$5,137$44$19,763
Other Expenses$13,715$3,554$19,276$17,269
All Other Expenses-$14,047-$14,047
Total Functional Expenses$3,602,208$441,562$471,078$4,514,848

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,891,318
Total Expenses per Form 990$4,514,849
Expenses per Audited Statements$4,456,064
Expenses Not Reported on Form 990$435,254
Expenses Not Reported on Financial Statements$58,785
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Virginia Highlands Community CollegeAbingdon, VA115To Support Great Expectations Program and Rural Virginia Horseshoe Initiative$144,213
Southwest Virginia Community CollegeRichlands, VA115To Support Great Expectations Program and Rural Virginia Horseshoe Initiative$138,970
Blue Ridge Community College Educational FoundationWeyers Cave, VA501(c)(3)To Support Great Expectations Program, Rural Virginia Horseshoe Initiative, and Workforce Development Initiative$130,522
Central Virginia Community CollegeLynchburg, VA115To Support Great Expectations Program$114,600
Lord Fairfax Community College Educational FoundationMiddletown, VA501(c)(3)To Support Great Expectations Program and Rural Virginia Horseshoe Initiative$109,267
Germanna Community CollegeLocust Grove, VA115To Support Great Expectations Program$104,636
Patrick Henry Community College Education FoundationMartinsville, VA501(c)(3)To Support Great Expectations Program and Rural Virginia Horseshoe Initiative$86,809
Virginia Western Community CollegeRoanoke, VA115To Support Rural Virginia Horseshoe Initiative and Workforce Development Initiative$82,426
Northern Virginia Community CollegeSpringfield, VA115To Support Great Expectations Program$77,111
John Tyler Community College FoundationChester, VA501(c)(3)To Support Great Expectation Program$72,600
Mountain Empire Community CollegeBig Stone Gap, VA115To Support Great Expectations Program$63,456
New River Community College Educational FoundationDublin, VA501(c)(3)To Support Rural Virginia Horseshoe Initiative and Workforce Development Initiative$58,103
Rappahannock Community College Educational FoundationWarsaw, VA501(c)(3)To Support Great Expectations Program, Rural Virginia Horseshoe Initiative, and Workforce Development Initiative$52,737
Southside Virginia Community CollegeAlberta, VA115To Support Great Expectations Program$52,312
Paul D Camp Community College FoundationFranklin, VA501(c)(3)To Support Rural Virginia Horseshoe Initiative and Workforce Development Initiative$48,214
Danville Community College Educational FoundationDanville, VA501(c)(3)To Support Rural Virginia Horseshoe Initiative and Workforce Development Initiative$43,698
J Sargeant Reynolds Community CollegeRichmond, VA115To Support Great Expectations Program$42,723
Tidewater Community College Educational FoundationNorfolk, VA501(c)(3)To Support Great Expectations Program and Workforce Development Initiative$40,500
Eastern Shore Community College FoundationMelfa, VA501(c)(3)To Support Great Expectations Program and Rural Virginia Horseshoe Initiative$37,720
Thomas Nelson Community College FoundationHampton, VA501(c)(3)To Support Great Expectations Program$28,600
Piedmont Virginia Community CollegeCharlottesville, VA115To Support Great Expectations Program$24,342
John Tyler Community CollegeChester, VA115To Support Great Expectations Program$16,640
Virginia Western Community College Education FoundationRoanoke, VA501(c)(3)To Support Rural Virginia Horseshoe Initiative$16,546
Blue Ridge Community CollegeWeyers Cave, VA115To Support Great Expectations Program$15,000
Dabney Lancaster Community CollegeClifton Forge, VA501(c)(3)To Support Rural Virginia Horseshoe Initiative Program$14,598
Thomas Nelson Community CollegeHampton, VA115To Support Great Expectations Program$14,472
Lord Fairfax Community CollegeMiddletown, VA115To Support Great Expectations Program and Rural Virginia Horseshoe Initiative$12,000
Tidewater Community CollegeNorfolk, VA115To Support Great Expectation Program$10,925
New River Community CollegeDublin, VA115To Support Great Expectations Program and Rural Virginia Horseshoe Initiative$9,950
Patrick Henry Community CollegeMartinsville, VA115To Support Great Expectation Program$7,889
Rappahannock Community CollegeWarsaw, VA115To Support Great Expectation Program$5,600
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuities Payable$26,119
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
No
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 A, Line 4

“Article v committees section 2. Finance and investment committee: before: the finance and investment committee shall be composed of members who shall be appointed by the chairperson. After: the finance and investment committee shall be composed of members who shall be appointed by the chairperson, with the vfcce treasurer being an ex-officio member and the chair of the committee. Article v committees section 4. Audit committee: before: the committee structure will include three (3) members of the vfcce board, appointed by the chairperson, and chaired by the vfcce treasurer none of whom shall also serve as treasurer. The audit committee shall have and exercise full authority of the board in addressing issues it discovers under this article v, section 4(3), and in implementing rules to enforce this article v, section 4(5). As necessary, the audit committee shall make recommendations to the board and the executive committee of other actions needed with respect to such matters. After: the committee will include three (3) members of the vfcce board, appointed by the chairperson. The treasurer may not serve on the audit committee. The audit committee shall have and exercise full authority of the board in addressing issues it discovers under this article v, section 4(3) (adequacy of internal controls) and in implementing rules to enforce this article v, section 4(5) (assuring adherence to the vfcce's conflict-of-interest policy) and shall report to the board and the executive committee any actions taken in this regard. As to any other actions the audit committee believes are necessary or desirable with respect to the other provisions of this article v, section 4, the audit committee shall make recommendations to the board and the executive committee.”

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

“The form 990 is reviewed by the executive director and the governing board.”

Form 990, Part VI, Section B, Line 12C

“Annually board members sign a conflict of interest form and the organization keeps forms on file.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public by providing copies upon request.”

Filing and Contact Details

Filer

Filer Name
The Virginia Foundation for Community
EIN
23-7004354
Phone
8048194962
Address
300 ARBORETUM PARKWAY NO 200, RICHMOND, VA 23236

Signing Officer

Name
Jennifer Gentry
Title
Executive Director
Phone
8048194962
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Gentry
Formed
1969
Legal Domicile
Va
Voting Board Members
23
Independent Board Members
22
Employees
0
Volunteers
24

Preparer

Firm
Dixon Hughes Goodman Llp
Address
901 EAST CARY STREET SUITE 1000, RICHMOND, VA 23219
Preparer
Lakrisha J Watson
Phone
8042827636
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in value of split interest agreements -2,849.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“The foundation's endowments consist of approximately 20 funds established mainly for scholarships and education.”

PART X, LINE 2:

“The foundation is exempt from federal and state income taxes as a nonprofit organization under section 501(c)(3) of the internal revenue code and the tax statutes of the commonwealth of virginia. The foundation has determined that there are no material unrecognized tax benefits or obligations as of june 30, 2020 or 2019.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in value of split interest agreements -2,849.”

Raw XML AppendixShowing 400 of 905 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.

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IRS990/ActivityOrMissionDesc0TO PROVIDE ACCESS TO EDUCATION & ENSURE SUCCESS FOR ALL STUDENTS, REGARDLESS OF BACKGROUND.
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IRS990/Desc0SINCE 2006, THE FOUNDATION HAS SUPPORTED HUNDREDS OF STUDENTS ACROSS VIRGINIA'S 23 COMMUNITY COLLEGES THROUGH ITS SCHOLARSHIPS AND FELLOWSHIPS PROGRAM. THANKS TO OUR GENEROUS PARTNERS, THE VFCCE HAS AWARDED MORE THAN $4 MILLION IN SCHOLARSHIPS, HELPING STUDENTS INCREASE THEIR CHANCES OF SUCCESS. FOR THE 2019-2020 ACADEMIC YEAR, 174 SCHOLARSHIPS WERE AWARDED TOTALING $704,225. THE PRESTIGIOUS FELLOWS SCHOLARSHIPS AWARD HIGH ACHIEVING SECOND YEAR STUDENTS' FULL SCHOLARSHIP SUPPORT TO COMPLETE ASSOCIATE DEGREES AND DEVELOP LEADERSHIP SKILLS THROUGH A COHORT MODEL. SINCE ITS LAUNCH IN 2011, 181 STUDENTS HAVE RECEIVED MENTORING AND LEADERSHIP TRAINING THROUGH THE FELLOWS PROGRAM.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
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IRS990/Form990PartVIISectionAGrp/PersonNm3DAN R DIXON
IRS990/Form990PartVIISectionAGrp/PersonNm4JENNIFER SAGER GENTRY
IRS990/Form990PartVIISectionAGrp/PersonNm5GRETCHEN C BYRD
IRS990/Form990PartVIISectionAGrp/PersonNm6KAREN I CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm7BEN DAVENPORT JR
IRS990/Form990PartVIISectionAGrp/PersonNm8GLENN DUBOIS
IRS990/Form990PartVIISectionAGrp/PersonNm9ELIZABETH EL-NATTAR
IRS990/Form990PartVIISectionAGrp/PersonNm10CHRIS FRENCH
IRS990/Form990PartVIISectionAGrp/PersonNm11JULIA GILLIAM STERLING
IRS990/Form990PartVIISectionAGrp/PersonNm12DORCAS HELFANT-BROWNING
IRS990/Form990PartVIISectionAGrp/PersonNm13RONALD H HOLMES
IRS990/Form990PartVIISectionAGrp/PersonNm14DEBORAH JOHNSTON
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IRS990/Form990PartVIISectionAGrp/PersonNm16STEPHEN MORET
IRS990/Form990PartVIISectionAGrp/PersonNm17CAROLINE PETTERS SAUER
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IRS990/Form990PartVIISectionAGrp/PersonNm21ROBIN SULLENBERGER
IRS990/Form990PartVIISectionAGrp/PersonNm22A MICHAEL WILKERSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR; EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
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IRS990/MissionDesc0THE VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION (VFCCE) MISSION IS BUILDING STUDENT SUCCESS AND THE COMMONWEALTH'S FUTURE BY SUPPORTING VIRGINIA'S COMMUNITY COLLEGE STUDENTS. VFCCE PROVIDES STATEWIDE LEADERSHIP IN PROVIDING NEEDED RESOURCES TO HELP ALL COMMUNITY COLLEGE STUDENTS ACHIEVE COLLEGE SUCCESSS, SUPPLEMENTING THE ACTIVITIES OF THE 23 COLLEGES AND SECURING SUPPORT FOR SYSTEM-WIDE INITIATIVES THAT COULD NOT BE UNDERTAKEN BY ANY SINGLE COLLEGE.
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IRS990/OtherExpensesGrp/Desc1CULTIVATION - STEWARDSH
IRS990/OtherExpensesGrp/Desc2PLEDGE WRITE-OFF
IRS990/OtherExpensesGrp/Desc3PROFESSIONAL DEVELOPMEN
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IRS990/OtherExpensesGrp/FundraisingAmt119276
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IRS990/ProgSrvcAccomActy2Grp/Desc0THE GREAT EXPECTATIONS (GE) PROGRAM IMPROVES THE LIKELIHOOD OF COLLEGE SUCCESS FOR YOUNG PEOPLE WITH FOSTER CARE EXPERIENCE BY PROVIDING SUPPORT NEEDED TO ACCESS AND SUCCEED IN COLLEGE THUS TRANSITIONING SUCCESSFULLY TO INDEPENDENCE. GREAT EXPECTATIONS PROVIDES CAMPUS COACHES, MENTORSHIP AND CONNECTION TO RESOURCES, AND IS A CRITICAL LINK IN HELPING AT-RISK YOUTH ACHIEVE COLLEGE AND LIFE SUCCESS. SINCE INCEPTION IN 2008, OVER 9,000 YOUNG PEOPLE HAVE RECEIVED COACHING SERVICES AND OVER 600 CREDENTIALS HAVE BEEN EARNED. IN ACADEMIC YEAR 2019-2020, 1,446 STUDENTS WERE SERVED. MOST SIGNIFICANT, IS THAT GREAT EXPECTATIONS STUDENTS ACHIEVE A GRADUATION RATE OF 23 PERCENT ALMOST TRIPLING THE NATIONAL COLLEGE GRADUATION RATE FOR FOSTER YOUTH. THE VFCCE PROVIDES GREAT EXPECTATIONS FUNDING TO STUDENTS AT 21 OF VIRGINIA'S COMMUNITY COLLEGES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0913221
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0875413
IRS990/ProgSrvcAccomActy3Grp/Desc0THE RURAL VIRGINIA HORSESHOE INITIATIVE (RVHI) HAS BEEN RENAMED TO THE GERALD L. BALILES RURAL VIRGINIA HORSESHOE INITIATIVE AWARD WITH A MISSION TO RAISE EDUCATIONAL ATTAINMENT LEVELS FOR RESIDENTS IN RURAL VIRGINIA. PLACING FULL-TIME CAREER COACHES IN RURAL HIGH SCHOOLS TO ASSIST LOWER- AND MIDDLE-INCOME FAMILIES IN NAVIGATING HIGHER EDUCATION OPTIONS AND PROVIDING FINANCIAL INCENTIVES, HAS LED TO INCREASES IN BOTH THE HIGH SCHOOL GRADUATION RATE AND THE COLLEGE ATTAINMENT LEVELS SINCE RVHI LAUNCHED IN 2014. CURRENTLY, THIRTEEN OF THE FOURTEEN RURAL COMMUNITY COLLEGES PARTICIPATE IN THE PROGRAM. IN THE FIRST FIVE YEARS OF THE PROJECT, MORE RURAL RESIDENTS HAVE EARNED HIGH SCHOOL DIPLOMAS AND HAVE BECOM COLLEGE GRADUATES. MORE THAN 26,000 STUDENTS WORKED WITH COACHES TO DEVELOP CAREER PLANS AND ENROLL IN COLLEGE. SINCE THE PROGRAM BEGAN, EDUCATIONAL ATTAINMENTS LEVELS HAVE RISEN IN RURAL VIRGINIA - BOTH HIGH SCHOOL AND COLLEGE ATTAINMENT RATES HAVE INCREASED FOUR PERCENTAGE POINTS RESPECTIVELY. IN ADDITION, OVER 650 STUDENTS IN RURAL VIRGINIA HAVE RECEIVED FINANCIAL INCENTIVES TO ASSIST WITH TUITION, FEES, BOOKS, SUPPORTIVE SERVICES, AND OTHER COSTS NOT COVERED BY TRADITIONAL FINANCIAL AID, SUCH AS TECHNOLOGY, TRANSPORTATION, AND CHILDCARE. THE FOUNDATION PROVIDES MATCH FUNDING THAT IS LEVERAGED BY LOCAL COLLEGE FOUNDATIONS TO SUPPORT THE PROGRAM.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0913918
IRS990/ProgSrvcAccomActy3Grp/GrantAmt0831189
IRS990/ProgSrvcAccomActyOtherGrp/Desc0BY 2026, THE VIRGINIA EMPLOYMENT COMMISSION EXPECTS THERE TO BE 2.6 MILLION MIDDLE SKILLED JOBS IN VIRGINIA - JOBS THAT REQUIRE SOME TRAINING, BUT NOT A FOUR-YEAR DEGREE. IN 2016, VIRGINIA'S GENERAL ASSEMBLY ENACTED LANDMARK LEGISLATION, THE NEW ECONOMY WORKFORCE CREDENTIAL GRANT, PROVIDING STATE FINANCIAL AID FOR UP TO 2/3 OF THE COST FOR STUDENTS PURSUING APPROVED NONCREDIT WORKFORCE DEVELOPMENT PROGRAMS THAT PREPARE STUDENTS FOR HIGH DEMAND CAREERS IN TARGETED INDUSTRIES IN THE COMMONWEALTH. OVER 25,000 STUDENTS HAVE EARNED CREDENTIAL IN THESE HIGH DEMAND TRAINING PROGRAMS IN INDUSTRY SECTORS SUCH AS ALLIED HEALTHCARE SKILLED TRADES, TRANSPORTATION AND LOGISTICS, AND INFORMATION TECHNOLOGY. UPON COMPLETION, STUDENTS SEE AVERAGE WAGE GAINS OF 37 PERCENT AND GAIN ACCESS TO BENEFITS SUCH AS EMPLOYER-PAID MEDICAL INSURANCE, PAID VACATION, AND SICK LEAVE. ALTHOUGH PUBLIC FUNDS SUPPORT TWO-THIRDS OF PROGRAM COSTS, SOMETIMES THE REMAINING ONE-THIRD IS A BARRIER FOR MANY WHO HAVE THE MOST TO GAIN FROM EARNING A COLLEGE CREDENTIAL. THE FOUNDATION PROVIDES SCHOLARSHIP FUNDING TO SUPPORT STUDENTS PURSUING SHORT-TERM TRAINING PROGRAMS, CALLED FASTFORWARD. AS OF 7/1/20, THERE WERE 25,923 WCG ENROLLMENTS WITH 15,950 CREDENTIALS EARNED BUT A TOTAL OF 37,163 TOTAL FASTFORWARD ENROLLMENTS, WITH 23,011 FF CREDENTIALS EARNED.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04486489
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02925597
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0173342

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,207,630
Liabilities
$546,601
Net assets
$13,661,029
Revenue
$3,326,675
Expenses
$4,514,848
Net income
-$1,188,173
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.1$2.00$15.1$5.25$5.73$0.49
2023Detailed filing. Detailed filing data is available for this year.$15.5$0.64$14.9$5.01$4.81$0.20
2022Detailed filing. Detailed filing data is available for this year.$14.3$0.43$13.8$5.89$3.79$2.10
2021Detailed filing. Detailed filing data is available for this year.$14.3$0.36$13.9$3.15$3.96$0.81
2020Detailed filing. Detailed filing data is available for this year.$14.2$0.55$13.7$3.33$4.51$1.19
2019Detailed filing. Detailed filing data is available for this year.$15.4$0.41$15.0$4.49$3.33$1.16
2018Detailed filing. Detailed filing data is available for this year.$14.9$0.66$14.3$5.85$3.75$2.11
2017Detailed filing. Detailed filing data is available for this year.$12.4$0.47$11.9$4.57$3.57$1.00
2016Detailed filing. Detailed filing data is available for this year.$10.4$0.15$10.3$2.99$2.51$0.47
2015Detailed filing. Detailed filing data is available for this year.$9.85$0.35$9.50$3.76$2.43$1.33
2014Detailed filing. Detailed filing data is available for this year.$9.55$0.29$9.26$4.15$1.92$2.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.30$0.11$6.19$1.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.83$0.17$5.66$3.75
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.73$0.17$5.56$1.64
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2020 filings • 501(c)3 • $10M-$25M nonprofits