VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES (EIN 54-0554396)
- Tax period
- 2012-06-01 to 2013-05-31
- Filed
- 2013-12-20
- IRS object ID
- 201333549349300723
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2013-12-20T13:34:16-06:00 | Timestamp |
| Tax Period End Date | 2013-05-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540565834 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MITCHELL WIGGINS & COMPANY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1802 BAYBERRY COURT SUITE 300 | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 23226 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-06-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 540554396 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VA FOUNDATION FOR INDEPENDENT COLLEGES | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | VIRG | NameControl |
| Phone | 8042886609 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8010 RIDGE ROAD NO B | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 23229 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | THOMAS R MORRIS | Name |
| Title | PRESIDENT | Title |
| Phone | 8042886609 | Phone |
| Date Signed | 2013-12-07 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | DAVID E WILL CPA | Name |
| PTIN | P00074591 | PTIN |
| Phone | 8042826000 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | THOMAS R MORRIS | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8010 RIDGE ROAD NO B | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 23229 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4966378 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.VFIC.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1952 | YearFormation |
| State Legal Domicile | VA | StateLegalDomicile |
| Activity Or Mission Description | ADVANCE THE DISTINCTIVE VALUES AND STRENGTHS OF OUR FIFTEEN SMALLER ENROLLMENT, UNDERGRADUATE, RESIDENTIAL VIRGINIA MEMBER COLLEGES. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 76 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 76 | NbrIndependentVotingMembers |
| Total Nbr Employees | 6 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 11914 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -26348 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1654672 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1875231 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1062918 | InvestmentIncomePriorYear |
| Investment Income Current Year | 845463 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 224 | OtherRevenuePriorYear |
| Other Revenue Current Year | 27 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 2717814 | TotalRevenuePriorYear |
| Total Revenue Current Year | 2720721 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 2152826 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 2232672 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 547269 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 466429 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 268015 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 253115 | OtherExpensePriorYear |
| Other Expenses Current Year | 243020 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 2953210 | TotalExpensesPriorYear |
| Total Expenses Current Year | 2942121 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -235396 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -221400 | RevenuesLessExpensesCY |
| Total Assets BOY | 26438773 | TotalAssetsBOY |
| Total Assets EOY | 29051696 | TotalAssetsEOY |
| Total Liabilities BOY | 2235934 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 2267939 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 24202839 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 26783757 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | THE MISSION OF THE VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES IS TO ADVANCE THE DISTINCTIVE VALUES AND STRENGTHS OF OUR FIFTEEN SMALLER ENROLLMENT, UNDERGRADUATE, RESIDENTIAL VIRGINIA MEMBER COLLEGES. WE DO THIS BY SECURING FINANCIAL SUPPORT FROM THE PRIVATE SECTOR, INCREASING VISIBILITY, FACILITATING INNOVATIVE AND COLLABORATIVE INITIATIVES BETWEEN THE COLLEGES, AND SUPPORTING INITIATIVES WHICH ENSURE THAT THIS PERSONALIZED EDUCATIONAL EXPERIENCE REMAINS AN AFFORDABLE CHOICE FOR TOMORROW'S CITIZEN-LEADERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2232672 | Expense |
| Grants | 2232672 | Grants |
| Description | THE FOUNDATION PROVIDES ANNUAL UNRESTRICTED AND RESTRICTED CONTRIBUTIONS TO SUPPORT CRUCIAL NEEDS AT ITS FIFTEEN MEMBER INSTITUTIONS, INCLUDING FUNDING FOR CAMPUS OPERATIONS, ACADEMIC PROGRAM DEVELOPMENT, AND FACULTY DEVELOPMENT. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 86971 | Expense |
| Description | CAREER 15 SEEKS TO STRENGTHEN THE LONG-TERM, JOINT PARTNERSHIP BETWEEN THE FIFTEEN VFIC MEMBER INSTITUTIONS AND PRIVATE, PUBLIC AND NONPROFIT ORGANIZATIONS IN VIRGINIA THROUGH A STATEWIDE PROGRAM MATCHING COMPANIES WITH STUDENTS SEEKING CAREER AND INTERNSHIP OPPORTUNITIES. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 75770 | Expense |
| Description | THE ETHICS INITIATIVE PROVIDES RESOURCES FOR AN ANNUAL STATEWIDE ETHICS BOWL PROGRAM AMONG STUDENT TEAMS FROM EACH OF THE FIFTEEN MEMBER INSTITUTIONS. VFIC TRUSTEES AND DONORS SERVE AS JUDGES AND MODERATORS FOR THIS EVENT. | Description |
Activity Other ActivityOther (2 entries)
| ExpenseExpense | DescriptionDescription |
|---|---|
| 34084 | THE NEW HORIZONS PROGRAM IS A STRATEGIC INITIATIVE TO HELP THE FIFTEEN MEMBER INSTITUTIONS FURTHER DIVERSIFY THEIR STUDENT BODIES AND TO EXPAND COLLEGE ACCESS AND OPPORTUNITY FOR STUDENTS FROM LOWER-INCOME, RURAL OR MINORITY FAMILIES, OR FOR STUDENTS WHO WOULD BE THE FIRST IN THEIR FAMILY TO ATTEND COLLEGE. |
| 45579 | OTHER PROGRAMS INCLUDE SUPPORT FOR UNDERGRADUATE TEACHING AND THE SUMMER UNDERGRADUATE PROGRAM FOR RESEARCH IN THE SCIENCES. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Other Program Service Exp | 79663 | TotalOfOtherProgramServiceExp |
| Total Program Service Expense | 2475076 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 6 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Number Of Employees | 6 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 76 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 76 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ORGANIZATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 8042886609 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8010 RIDGE ROAD | AddressLine1 |
| City | RICHMOND | City |
| State | VA | State |
| ZIP Code | 23229 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (64 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| GEORGE Y BIRDSONG | ||||||
| CHAIRMAN | 1.00 | X | X | 0 | 0 | 0 |
| A MARSHALL ACUFF JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| GEORGE F ALBRIGHT JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| G WILLIAM BEALE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| J EDWARD BETTS ESQ | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| W EARLE BETTS III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CHARLES L CABELL ESQ | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOHN M CAMP III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| THEODORE L CHANDLER JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| C LYNCH CHRISTIAN III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOHN R CLARK III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RICHARD CULLEN ESQ | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| BEVERLEY E DALTON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MARK E DEMPSEY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| THOMAS F FARRELL II | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| G S FITZ-HUGH JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| GEORGE C FREEMAN III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| GERARD T GABRYS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| PALMER P GARSON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM F GIFFORD JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MARIE MERIWETHER GODSEY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| THOMAS E GOODE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| GARY M GORE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| H HITER HARRIS III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ANNE BARNETT HAZEL | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| TED HENGST | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| S ANDERSON HUGHES | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| THOMAS G JOHNSON JR ESQ | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| THOMAS W KIRCHMAIER JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CARL W LEVANDER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| LEMUEL E LEWIS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CHARLES S LUCK IV | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOHN A LUKE JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| THOMAS J LYONS JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CRAIG L MASSEY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| THURSTON R MOORE ESQ | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| CHARLES W MOORMAN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| SPENCER W MORTEN III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MARSHALL N MORTON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ROGER H MUDD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM L PANNILL | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ANTHONY PONSIGLIONE | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| BITTLE W PORTERFIELD III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| THOMAS D RUTHERFOORD JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| BOB SASSER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ROBERT D SEABOLT | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| GARY R SHOOK | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ROBERT C SLEDD | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ROBERT H SPILMAN JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOHN G STALLINGS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| HUGH E TAYLOR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JOSEPH R THOMAS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| GARY R THOMSON | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| WILLIAM R VAN BUREN III ESQ | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MARTIN L VAUGHAN III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MARGARET G WARNER | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| JAMES C WHEAT III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RICHARD R WHITT III | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| RICHARD F WILLIAMSON ESQ | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ALAN S WITT CPA | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| ROBERT W WOLTZ JR | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| DR THOMAS R MORRIS | ||||||
| PRESIDENT | 40.00 | X | 159379 | 0 | 22859 | |
| MARY-BETH M JOHNSON | ||||||
| VICE-PRESIDENT/SECRETARY | 40.00 | X | 94848 | 0 | 15829 | |
| PAGE ROBINSON | ||||||
| FINANCE MANAGER | 15.00 | X | 21809 | 0 | 0 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 276036 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 38688 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| All Other Contributions | 1875231 | AllOtherContributions |
| Total Contributions | 1875231 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 845463 | TotalRevenueColumn |
| Unrelated Business Revenue | 11914 | UnrelatedBusinessRevenue |
| Exclusion | $833,549 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2245657 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 2245657 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
Other Revenue Misc OtherRevenueMisc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | MISCELLANEOUS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 27 | TotalRevenueColumn |
| Exclusion | $27 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 27 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2720721 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 11914 | UnrelatedBusinessRevenue |
| Exclusion | $833,576 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2232672 | Total |
| Program Services | 2232672 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 313437 | Total |
| Program Services | 44693 | ProgramServices |
| Management And General | 88756 | ManagementAndGeneral |
| Fundraising | 179988 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 117715 | Total |
| Program Services | 59111 | ProgramServices |
| Management And General | 41138 | ManagementAndGeneral |
| Fundraising | 17466 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11705 | Total |
| Program Services | 4682 | ProgramServices |
| Management And General | 2341 | ManagementAndGeneral |
| Fundraising | 4682 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -4565 | Total |
| Program Services | 6598 | ProgramServices |
| Management And General | -17761 | ManagementAndGeneral |
| Fundraising | 6598 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 28137 | Total |
| Program Services | 11255 | ProgramServices |
| Management And General | 5627 | ManagementAndGeneral |
| Fundraising | 11255 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 27320 | Total |
| Management And General | 27320 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10577 | Total |
| Management And General | 10577 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1380 | Total |
| Program Services | 345 | ProgramServices |
| Management And General | 690 | ManagementAndGeneral |
| Fundraising | 345 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7233 | Total |
| Program Services | 2893 | ProgramServices |
| Management And General | 1447 | ManagementAndGeneral |
| Fundraising | 2893 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9934 | Total |
| Program Services | 3767 | ProgramServices |
| Management And General | 2400 | ManagementAndGeneral |
| Fundraising | 3767 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6670 | Total |
| Program Services | 2668 | ProgramServices |
| Management And General | 1334 | ManagementAndGeneral |
| Fundraising | 2668 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40922 | Total |
| Program Services | 16369 | ProgramServices |
| Management And General | 8184 | ManagementAndGeneral |
| Fundraising | 16369 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7122 | Total |
| Program Services | 2849 | ProgramServices |
| Management And General | 1424 | ManagementAndGeneral |
| Fundraising | 2849 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 31387 | Total |
| Program Services | 12555 | ProgramServices |
| Management And General | 6277 | ManagementAndGeneral |
| Fundraising | 12555 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8255 | Total |
| Program Services | 1948 | ProgramServices |
| Management And General | 4359 | ManagementAndGeneral |
| Fundraising | 1948 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3105 | Total |
| Management And General | 3105 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| ETHICS INITIATIVE | 27744 | 27744 | ||
| OTHER PROGRAM EXPENSES | 21566 | 21566 | ||
| FIHE ASSESSMENTS | 19500 | 7800 | 9750 | 1950 |
| NEW HORIZONS PROGRAM EX | 9762 | 9762 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 10543 | Total |
| Program Services | 5799 | ProgramServices |
| Management And General | 2062 | ManagementAndGeneral |
| Fundraising | 2682 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2942121 | Total |
| Program Services | 2475076 | ProgramServices |
| Management And General | 199030 | ManagementAndGeneral |
| Fundraising | 268015 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 20 | BOY |
| EOY | 20 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1482586 | BOY |
| EOY | 1512484 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 154910 | BOY |
| EOY | 104652 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 5505 | BOY |
| EOY | 1874 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 82798 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 67573 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 23480 | BOY |
| EOY | 15225 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24772272 | BOY |
| EOY | 27417441 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26438773 | BOY |
| EOY | 29051696 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 178732 | BOY |
| EOY | 118992 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2057202 | BOY |
| EOY | 2148947 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2235934 | BOY |
| EOY | 2267939 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16084058 | BOY |
| EOY | 18452130 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2074494 | BOY |
| EOY | 2265938 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6044287 | BOY |
| EOY | 6065689 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 24202839 | BOY |
| EOY | 26783757 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 26438773 | BOY |
| EOY | 29051696 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | -221400 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 2802318 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Separate | X | FinancialStatementSeparate |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | X | PubliclySupportedOrg509a2 |
Gifts Grants Contrib Received509 GiftsGrantsContribReceived509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2384992 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1815304 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6928782 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1654672 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1875231 | CurrentTaxYear |
| Total | 14658981 | Total |
Total509 Total509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2384992 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1815304 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 6928782 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1654672 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1875231 | CurrentTaxYear |
| Total | 14658981 | Total |
Amts Recd From Disqual Persons AmtsRecdFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Amts From Subst Contributors AmtsFromSubstContributors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Support From DQ Ps Etc SupportFromDQPsEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | 14658981 | PublicSupportTotal509 |
Gross Investment Income509 GrossInvestmentIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 830588 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 584033 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1010355 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1062918 | CurrentTaxYearMinus1Year |
| Current Tax Year | 845463 | CurrentTaxYear |
| Total | 4333357 | Total |
Investment Income And UBTI InvestmentIncomeAndUBTI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 830588 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 584033 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1010355 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1062918 | CurrentTaxYearMinus1Year |
| Current Tax Year | 845463 | CurrentTaxYear |
| Total | 4333357 | Total |
Other Income509 OtherIncome509
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 9748 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 8750 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 10200 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 224 | CurrentTaxYearMinus1Year |
| Current Tax Year | 27 | CurrentTaxYear |
| Total | 28949 | Total |
Total Support Total TotalSupportTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 3225328 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2408087 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 7949337 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2717814 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2720721 | CurrentTaxYear |
| Total | 19021287 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Percentage509 | 0.77070 | PublicSupportPercentage509 |
| Prior Year Support Percentage | 0.72820 | PriorYearSupportPercentage |
| Investment Income Percentage | 0.22780 | InvestmentIncomePercentage |
| Prior Yr Invest Income Percentage | 0.27010 | PriorYrInvestIncomePercentage |
| Thirty Three Percnt Tests CY509 | X | ThirtyThreePercntTestsCY509 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 20932471 | BeginningOfYearBalance |
| Contributions | 31502 | Contributions |
| Investment Earnings Or Losses | 2798543 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 1482644 | GrantsOrScholarships |
| End Of Year Balance | 22279872 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 21772817 | BeginningOfYearBalance |
| Contributions | 270443 | Contributions |
| Investment Earnings Or Losses | -412359 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 698430 | GrantsOrScholarships |
| End Of Year Balance | 20932471 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 14999226 | BeginningOfYearBalance |
| Contributions | 5082523 | Contributions |
| Investment Earnings Or Losses | 2278845 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 587777 | GrantsOrScholarships |
| End Of Year Balance | 21772817 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 13998929 | BeginningOfYearBalance |
| Contributions | 51955 | Contributions |
| Investment Earnings Or Losses | 1584640 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 636298 | GrantsOrScholarships |
| End Of Year Balance | 14999226 | EndOfYearBalance |
Current Year Minus4 Years CurrentYearMinus4Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 17208476 | BeginningOfYearBalance |
| Contributions | 141654 | Contributions |
| Investment Earnings Or Losses | -2709898 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 641303 | GrantsOrScholarships |
| End Of Year Balance | 13998929 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.64550 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.27220 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0.08230 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 82798 | OtherCostOrOtherBasis |
| Depreciation | 67573 | Depreciation |
| Book Value | 15225 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 15225 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (4 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| TIFF MUTUAL FUNDS | 23676180 | F |
| TIFF ALTERNATIVE INVESTMENTS | 1307164 | F |
| POINTER, L.P. | 2259482 | F |
| RIVERSIDE MICRO-CAP FUND II, L.P. | 174615 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 27417441 | TotalOfBookValueSecurities |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 5526829 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 2802318 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 3790 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 2806108 | RevenueNotRptdF990 |
| Revenue Subtotal | 2720721 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 2720721 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 2945911 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 3790 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 3790 | ExpensesNotRptdF990 |
| Expenses Subtotal | 2942121 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 2942121 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (2 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: | PART V, LINE 4: | THE ENDOWMENT FUNDS ARE INTENDED TO BE UTILIZED IN ACCORDANCE WITH THE DONOR'S ORIGINAL INTENT AND, IN THE CASE OF BOARD DESIGNATED FUNDS, THE BOARD'S DIRECTIVES. THESE PURPOSES INCLUDE OPERATING EXPENSES, SCHOLARSHIPS, TEACHING GRANTS, AND CAPITAL IMPROVEMENTS/MAINTENANCE AT MEMBER INSTITUTIONS. |
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE FOUNDATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE TAXING AUTHORITIES FOR YEARS ENDING BEFORE MAY 31, 2010. THE FOUNDATION INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN MANAGEMENT AND GENERAL EXPENSES. THE FOUNDATION DID NOT HAVE ANY PENALTIES AND INTEREST RELATING TO INCOME TAXES FOR THE YEARS ENDED MAY 31, 2013 AND 2012. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Recipient Table RecipientTable (15 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EIN Of RecipientEINOfRecipient | IRC SectionIRCSection | Amount Of Cash GrantAmountOfCashGrant | Purpose Of GrantPurposeOfGrant |
|---|---|---|---|---|---|---|---|
| BRIDGEWATER COLLEGE | |||||||
| 402 EAST COLLEGE STREET | BRIDGEWATER | VA | 22812 | 540506306 | 501(C)(3) | 156279 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| EMORY & HENRY COLLEGE | |||||||
| PO BOX 947 | EMORY | VA | 24327 | 540505892 | 501(C)(3) | 135263 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| HAMPDEN-SYDNEY COLLEGE | |||||||
| 1 COLLEGE ROAD | HAMPDENSYDNEY | VA | 23943 | 540505906 | 501(C)(3) | 141050 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| HOLLINS UNIVERSITY | |||||||
| PO BOX 9658 | ROANOKE | VA | 24020 | 540506314 | 501(C)(3) | 133580 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| LYNCHBURG COLLEGE | |||||||
| 1501 LAKESIDE DRIVE | LYNCHBURG | VA | 24501 | 540505922 | 501(C)(3) | 154580 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| MARY BALDWIN COLLEGE | |||||||
| 201 EAST FREDERICK STREET | STAUNTON | VA | 24401 | 540506319 | 501(C)(3) | 149431 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| MARYMOUNT UNIVERSITY | |||||||
| 2807 N GLEBE ROAD | ARLINGTON | VA | 22207 | 540573801 | 501(C)(3) | 152915 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| RANDOLPH-MACON COLLEGE | |||||||
| PO BOX 5005 | ASHLAND | VA | 23005 | 540505940 | 501(C)(3) | 170360 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| RANDOLPH COLLEGE | |||||||
| 2500 RIVERMONT AVENUE | LYNCHBURG | VA | 24503 | 540505941 | 501(C)(3) | 135322 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| ROANOKE COLLEGE | |||||||
| 221 COLLEGE LANE | SALEM | VA | 24153 | 540505945 | 501(C)(3) | 149748 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| SHENANDOAH UNIVERSITY | |||||||
| 1460 UNIVERSITY DRIVE | WINCHESTER | VA | 22601 | 540525605 | 501(C)(3) | 143301 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| SWEET BRIAR COLLEGE | |||||||
| PO BOX A | SWEET BRIAR | VA | 24595 | 541733690 | 501(C)(3) | 131087 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| UNIVERSITY OF RICHMOND | |||||||
| 28 WESTHAMPTON WAY | RICHMOND | VA | 23173 | 540505965 | 501(C)(3) | 171465 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| VIRGINIA WESLEYAN COLLEGE | |||||||
| 1584 WESLEYAN DRIVE | NORFOLK | VA | 23502 | 546039600 | 501(C)(3) | 156446 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| WASHINGTON & LEE UNIVERSITY | |||||||
| 204 WEST WASHINGTON STREET | LEXINGTON | VA | 24450 | 540505977 | 501(C)(3) | 146818 | DISTRIBUTION TO MEMBER INSTITUTION TO PAY FOR PROGRAMS AND SCHOLARSHIPS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 15 | TotalNbrOf501C3AndGovtGrants |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PROCEDURE FOR MONITORING GRANTS IN THE U.S.: | Identifier |
| Return Reference | PART I, LINE 2: | ReturnReference |
| Explanation | SCHEDULE I, PART I, LINE 2: THE FOUNDATION RECEIVES PERIODIC REPORTS FROM THE MEMBER INSTITUTIONS DESCRIBING USE OF FUNDS AND PROGRAM RESULTS. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | DR THOMAS R MORRIS | NamePerson |
| Title | PRESIDENT | Title |
| Base Compensation Filing Org | 159379 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 15630 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 7229 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 182238 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | FORM 990 WILL BE REVIEWED BY THE FINANCE AND EXECUTIVE COMMITTEES, AUTHORIZED TO ACT ON BEHALF OF THE BOARD. |
| FORM 990, PART VI, SECTION B, LINE 12C | A NOTEBOOK IS KEPT WITH THE CONFLICT OF INTEREST SURVEYS, WHICH ARE CONTINUALLY UPDATED AND MONITORED. |
| FORM 990, PART VI, SECTION B, LINE 15 | IN DETERMINING CEO COMPENSATION, THE FINANCE & AUDIT COMMITTEE REVIEWS AN ANNUAL BENCHMARK SURVEY OF SIMILAR STATE ASSOCIATIONS ACROSS THE COUNTRY. THE FINANCE & AUDIT COMMITTEE ALSO APPROVES COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES. |
| FORM 990, PART VI, SECTION C, LINE 19 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. SUMMARY FINANCIAL STATEMENTS ARE CONTAINED IN FOUNDATION'S ANNUAL REPORT. |