Civic Intelligence

Piedmont Virginia Community College

EIN 52-1241773 • 501(c)3 • Charlottesville, VA

Profile

The piedmont virginia community college educational foundation was established in 1982 to cultivate and provide financial and in-kind support for piedmont virginia community college. The foundation is organized and operated to foster and provide the growth, progress and general welfare of piedmont virginia community college.

501 College DriveCharlottesville, VA 22902

n/A

Siviq Scores

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

Liabilities / Assets

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.05x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

76th percentile

21%

Higher net margin than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

44th percentile

$240,235

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

61st percentile

8.4%

Faster asset growth than 61% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

102%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$31,631,059

Up $2,455,864 (+8.4%) from 2023

Liabilities

Down

$178,726

Down $69,573 (-28%) from 2023

Net Assets

Up

$31,452,333

Up $2,525,437 (+8.7%) from 2023

Operations
Liabilities / Revenue15th percentileNet Margin76th percentile

Revenue

Up

$3,462,161

Up $1,744,016 (+102%) from 2023

Expenses

Down

$2,730,044

Down $274,974 (-9.2%) from 2023

Net Income

Up

$732,117

Up $2,018,990 (+157%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth61st percentile

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

$40M$30M$20M$10M$0Assets 2010: $7,960,949Liabilities 2010: $69,966Net Assets 2010: $7,890,9832010Assets 2011: $9,083,857Liabilities 2011: $49,036Net Assets 2011: $9,034,8212011Assets 2012: $9,792,582Liabilities 2012: $724,729Net Assets 2012: $9,067,8532012Assets 2013: $9,944,106Liabilities 2013: $286,252Net Assets 2013: $9,657,8542013Assets 2014: $11,623,485Liabilities 2014: $352,533Net Assets 2014: $11,270,9522014Assets 2015: $11,838,042Liabilities 2015: $465,515Net Assets 2015: $11,372,5272015Assets 2016: $12,656,618Liabilities 2016: $387,321Net Assets 2016: $12,269,2972016Assets 2017: $15,214,996Liabilities 2017: $203,198Net Assets 2017: $15,011,7982017Assets 2018: $16,173,735Liabilities 2018: $191,062Net Assets 2018: $15,982,6732018Assets 2019: $18,363,896Liabilities 2019: $347,180Net Assets 2019: $18,016,7162019Assets 2020: $24,431,241Liabilities 2020: $213,087Net Assets 2020: $24,218,1542020Assets 2021: $30,849,445Liabilities 2021: $135,564Net Assets 2021: $30,713,8812021Assets 2022: $29,810,640Liabilities 2022: $449,785Net Assets 2022: $29,360,8552022Assets 2023: $29,175,195Liabilities 2023: $248,299Net Assets 2023: $28,926,8962023Assets 2024: $31,631,059Liabilities 2024: $178,726Net Assets 2024: $31,452,3332024

Highlighted filing

2024

Assets$31,631,059
Liabilities$178,726
Net Assets$31,452,333
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $814,4872010Revenue 2011: $2,135,108Expenses 2011: $1,060,462Net Income 2011: $1,074,6462011Expenses 2012: $1,765,1582012Revenue 2013: $959,758Expenses 2013: $1,004,128Net Income 2013: -$44,3702013Revenue 2014: $2,218,459Expenses 2014: $998,827Net Income 2014: $1,219,6322014Revenue 2015: $815,413Expenses 2015: $918,589Net Income 2015: -$103,1762015Revenue 2016: $1,701,026Expenses 2016: $1,139,943Net Income 2016: $561,0832016Revenue 2017: $3,415,668Expenses 2017: $1,739,465Net Income 2017: $1,676,2032017Revenue 2018: $2,621,777Expenses 2018: $1,650,902Net Income 2018: $970,8752018Revenue 2019: $4,316,662Expenses 2019: $2,052,698Net Income 2019: $2,263,9642019Revenue 2020: $8,182,355Expenses 2020: $1,980,917Net Income 2020: $6,201,4382020Revenue 2021: $4,502,889Expenses 2021: $2,030,593Net Income 2021: $2,472,2962021Revenue 2022: $2,613,602Expenses 2022: $2,312,423Net Income 2022: $301,1792022Revenue 2023: $1,718,145Expenses 2023: $3,005,018Net Income 2023: -$1,286,8732023Revenue 2024: $3,462,161Expenses 2024: $2,730,044Net Income 2024: $732,1172024

Highlighted filing

2024

Revenue$3,462,161
Expenses$2,730,044
Net Income$732,117
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$31,631,059
Liabilities
$178,726
Net assets
$31,452,333
Revenue
$3,462,161
Expenses
$2,730,044
Net income
$732,117
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$31.6$0.18$31.5$3.46$2.73$0.73
2023Detailed filing. Detailed filing data is available for this year.$29.2$0.25$28.9$1.72$3.01$1.29
2022Detailed filing. Detailed filing data is available for this year.$29.8$0.45$29.4$2.61$2.31$0.30
2021Detailed filing. Detailed filing data is available for this year.$30.8$0.14$30.7$4.50$2.03$2.47
2020Detailed filing. Detailed filing data is available for this year.$24.4$0.21$24.2$8.18$1.98$6.20
2019Detailed filing. Detailed filing data is available for this year.$18.4$0.35$18.0$4.32$2.05$2.26
2018Detailed filing. Detailed filing data is available for this year.$16.2$0.19$16.0$2.62$1.65$0.97
2017Detailed filing. Detailed filing data is available for this year.$15.2$0.20$15.0$3.42$1.74$1.68
2016Detailed filing. Detailed filing data is available for this year.$12.7$0.39$12.3$1.70$1.14$0.56
2015Detailed filing. Detailed filing data is available for this year.$11.8$0.47$11.4$0.82$0.92$0.10
2014Detailed filing. Detailed filing data is available for this year.$11.6$0.35$11.3$2.22$1.00$1.22
2013Detailed filing. Detailed filing data is available for this year.$9.94$0.29$9.66$0.96$1.00$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.79$0.72$9.07$1.77
2011Summary only. Only limited summary data is available for this year.$9.08$0.05$9.03$2.14$1.06$1.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.96$0.07$7.89$0.81
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 20, 2025
Return Version
2024v5.1
Gross Receipts
$3,596,681
Mission and Program Overview

Mission

The piedmont virginia community college educational foundation was established in 1982 to cultivate and provide financial and in-kind support for piedmont virginia community college. The foundation is organized and operated to foster and provide the growth, progress and general welfare of piedmont virginia community college.

To cultivate & provide financial & in-kind support for piedmont virginia community college.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$16,418,706$18,135,763▲ $1,717,057
Savings and Temporary Cash Investments$11,801,178$12,781,869▲ $980,691
Pledges and Grants Receivable$938,087$713,227▼ $224,860
Investments in Publicly Traded Securities$2,009--
Prepaid Expenses and Deferred Charges$15,215$200▼ $15,015
Total Assets$29,175,195$31,631,059▲ $2,455,864
Liabilities
Accounts Payable and Accrued Expenses$219,298$178,726▼ $40,572
Other Liabilities$29,001$0▼ $29,001
Total Liabilities$248,299$178,726▼ $69,573
Net Assets / Fund Balance
Net Assets With Donor Restrictions$26,312,824$27,905,673▲ $1,592,849
Net Assets Without Donor Restrictions$2,614,072$3,546,660▲ $932,588
Total Net Assets Fund Balance$28,926,896$31,452,333▲ $2,525,437
Total Liabilities and Net Assets / Fund Balance$29,175,195$31,631,059▲ $2,455,864

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$18,135,763--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$16,418,706$840,881▲ $1,769,631-$18,135,765
2023$15,736,057$649,100▲ $856,220-$16,418,706
2022$18,330,148-▼ $1,477,929-$15,736,057
2021$14,629,056$277,000▲ $4,179,272-$18,330,148
2020$10,330,206$2,050,200▲ $2,809,052-$14,629,056
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Harry StillermanExecutive DirectorPT$70,856$18,855$89,711

Board Members and Trustees

NameTitle
Kakie BrooksPresident
Bobbie BrunerVice President
Carolyn RaineyVice President
Ray MishlerVice President
Alison DetuncqDirector
Ben AllenDirector
Charles DassanceDirector
Elsie ThompsonDirector
James GreeneDirector
Jeff ThomasDirector
Joe RaichelDirector
John CasteenDirector
Kate WrightDirector
Kurt WassenaarDirector
Marge ConnellyDirector
Peggy EcholsDirector
Stuart SmithDirector
Terry De GuzmanDirector
Tim RoseDirector
Whit BroomeDirector
Jean RunyonSecretary
Scott JefferiesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Uva Investment Management CompanyInvestment Management701 E WATER STREET 4TH FLOOR, Charlottesville, VA 22902$151,655
Revenue and Support

Revenue Composition

Contributions and Grants
$3,039,245
Program Service Revenue
$0
Investment Income
$422,916
Other Revenue
$0
All Other Contributions
$3,039,245
Change in Net Assets
$732,117

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded8$134,520Quoted Market Values
Total Noncash Contributions8$134,520-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,310,506
Revenue Not Reported on Financial Statements
$151,655
Revenue Not Reported on Form 990
$1,935,511
Total Revenue per Audited Statements
$5,246,017
Total Revenue per Form 990
$3,462,161
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,210,845
Other Expenses$338,453
Salaries, Compensation, and Employee Benefits$180,746
Total Fundraising Expense$119,930
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,210,845--$2,210,845
Fees for Service Investment Mgmnt Fees-$151,655-$151,655
Other Salaries and Wages$7,552$64,973$18,510$91,035
Current Officers, Directors, Trustees, and Key Employees-$44,856$44,855$89,711
Office Expenses-$63,830-$63,830
Fees for Services Other$30,000--$30,000
Fees for Services Accounting-$23,268-$23,268
All Other Expenses-$8,249$2,502$10,751
Other Expenses-$4,471$16,740$4,471
Conferences and Meetings-$415-$415
Travel--$401$401
Total Functional Expenses$2,248,397$361,717$119,930$2,730,044

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,730,044
Total Expenses per Audited Statements$2,720,580
Expenses per Audited Statements$2,578,389
Expenses Not Reported on Financial Statements$151,655
Expenses Not Reported on Form 990$142,191
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Piedmont Virginia Community CollegeCharlottesville, VA501c3Support$1,550,371
Piedmont Virginia Community CollegeCharlottesville, VA501c3Scholarships$647,305
Piedmont Virginia Community CollegeCharlottesville, VA501c3Other Grants$13,169
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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 B, Line 11B

“The foundation board reviews the return prior to filing.”

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

“The organization has quarterly meetings to review transactions that may violate the conflict of interest policy.”

Form 990, Part VI, Section C, Line 18

“The foundation's governing documents, conflict of interest policy, and financial statements are available upon request.”

Form 990, Part VI, Section C, Line 19

“The foundation's form 1023 and form 990 are available upon request.”

Filing and Contact Details

Filer

Filer Name
Piedmont Virginia Community College
EIN
52-1241773
Phone
4349615203
Address
501 COLLEGE DRIVE, CHARLOTTESVILLE, VA 22902

Signing Officer

Name
Scott Jefferies
Title
Treasurer
Phone
4349615203
Signed
2025-05-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Jefferies
Formed
1982
Legal Domicile
Va
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
50

Preparer

Firm
Hantzmon Wiebel Llp
Address
PO BOX 1408, CHARLOTTESVILLE, VA 22902
Preparer
Monte J Glanzer
Phone
4342962156
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Unrealized loss on gift annuity valuation 23,689.”

FORM 990, PART XII, LINE 2C:

“No changes were made to the oversight process during the year.”

Schedule D Part XII, Line 2B and Part XIII, Line 2A

“The foundation receives contributed services from the piedmont virginia community college in the form of staff time. The amount of the contributed services is based on the percentage of time of pvcc employee spent on foundation's operations. For 2024, the contributed services of $142,191 have the following functional allocation on the audited financial statements: program - $5,941 management and general - $86,401 fundraising - $49,849”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes as defined by section 501(c)(3) of the internal revenue code (the code). The foundation is not a private foundation under the code section 509(a)(3). The foundation has reviewed and evaluated the relevant technical merits of each of its tax positions in accordance with guidance established by the financial accounting standards board and determined that there are no uncertain tax positions that would have a material impact on the financial statements of the foundation.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Unrealized loss on gift annuity valuation 23,689.”

Raw XML AppendixShowing 400 of 727 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/Desc0THE PIEDMONT VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION WAS ESTABLISHED IN 1982 TO CULTIVATE AND PROVIDE FINANCIAL AND IN-KIND SUPPORT FOR PIEDMONT VIRGINIA COMMUNITY COLLEGE, AND IS ORGANIZED AND OPERATED TO FOSTER AND PROVIDE FOR THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE COLLEGE. THE FOUNDATION HELPS ENSURE A MARGIN OF EXCELLENCE AT PVCC BY PROVIDING FUNDS, PERSONNEL OR OTHER ASSISTANCE FOR STRENGTHENING, DEVELOPING AND ENLARGING THE COLLEGE AND ITS CURRENT AND FUTURE PROGRAMS; ASSISTING IN THE SUPPORT OF CURRENT COLLEGE ACTIVITIES AND UNDERTAKINGS OR IN THE ESTABLISHMENT AND SUPPORT OF NEW ACTIVITIES AND UNDERTAKINGS; PURCHASING OR MAKING CONTRIBUTIONS TOWARD THE ACQUISITION OF BOOKS, SUPPLIES, AND EQUIPMENT OR THE CONSTRUCTION OF BUILDINGS AND FACILITIES, WHICH WILL CONTRIBUTE TO THE EDUCATIONAL AND ADMINISTRATIVE RESOURCES OF THE COLLEGE; PROVIDING SCHOLARSHIPS AND FINANCIAL ASSISTANCE FOR STUDENTS OF THE COLLEGE; AND GENERALLY, CONTRIBUTING TO ANY AND ALL PROPER PROJECTS, FUNCTIONS, SERVICES, AND ACTIVITIES CARRIED ON OR SPONSORED BY THE COLLEGE.
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IRS990/Form990PartVIISectionAGrp/PersonNm15ELSIE THOMPSON
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IRS990/Form990PartVIISectionAGrp/PersonNm22KATE WRIGHT
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt6VICE PRESIDENT
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
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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IRS990/MissionDesc0THE PIEDMONT VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION WAS ESTABLISHED IN 1982 TO CULTIVATE AND PROVIDE FINANCIAL AND IN-KIND SUPPORT FOR PIEDMONT VIRGINIA COMMUNITY COLLEGE. THE FOUNDATION IS ORGANIZED AND OPERATED TO FOSTER AND PROVIDE THE GROWTH, PROGRESS AND GENERAL WELFARE OF PIEDMONT VIRGINIA COMMUNITY COLLEGE.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE FOUNDATION'S SOLE PURPOSE IS TO RAISE MONEY IN SUPPORT OF THE EDUCATIONAL INITIATIVES OF PIEDMONT VIRGINIA COMMUNITY COLLEGE. THERE ARE SEVERAL WAYS IN WHICH THE FOUNDATION ACHIEVES THIS SUPPORT. THE PRIMARY METHOD IS PROVIDING SCHOLARSHIPS AND FINANCIAL ASSISTANCE TO STUDENTS AND UNDERGIRDING COLLEGE-WIDE INITIATIVES THAT STRATEGICALLY AND HOLISTICALLY SUPPORT STUDENT SUCCESS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1OTHER FUNDRAISING ENDEAVORS BY THE FOUNDATION IMPROVE THE FACILITIES AND TRAINING OF ITS FACULTY. THESE ACTIVITIES ARE ACTIVITIES IN WHICH THE COLLEGE ITSELF WOULD ENGAGE IN ORDER TO PROVIDE ITS STUDENTS WITH THE BEST POSSIBLE EDUCATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION E, LINE 2A - EXPLANATION OF SUPPORTED ORGANIZATIONS
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1PART IV, SECTION E, LINE 2B - EXPLANATION OF ORGANIZATION'S POSITION
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