2023-08-11T06:29:19-05:00 2022-12-31 620647474 BLACKBURN CHILDERS & STEAGALL PLC 801B SUNSET DRIVE JOHNSON CITY TN 376043033 990 2022-01-01 541175620 MOUNTAIN EMPIRE COMMUNITY COLLEGE FOUNDATION INC MOUN 2765232400 3441 MOUNTAIN EMPIRE ROAD BIG STONE GAP VA 24219 AMY GREEAR EXECUTIVE DIRECTOR 2763462107 2023-08-10 1 AMY GREEAR 999009999 0 SARAH PRESNELL P01269151 4232824511 2023-08-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z AMY GREEAR 3441 MOUNTAIN EMPIRE ROAD BIG STONE GAP VA 24219 2992400 0 X HTTP://WWW.ME.VCCS.EDU/FOUNDATION.HTML X 1981 VA PROVIDE EDUCATIONAL ASSISTANCE TO INDIVIDUALS ATTENDING MOUNTAIN EMPIRE COMMUNITY COLLEGE. 25 25 0 20 0 0 1213636 2054925 0 0 1029336 776352 0 0 2242972 2831277 1031027 746015 0 0 244101 254993 0 0 125684 345496 449833 1620624 1450841 622348 1380436 35370854 31482446 519267 686100 34851587 30796346 THE FOUNDATION'S MISSION IS TO FOSTER AND PROMOTE THE GROWTH, PROGRESS, AND GENERAL WELFARE OF THE MOUNTAIN EMPIRE COMMUNITY COLLEGE AND THE VIRGINIA COMMUNITY COLLEGE SYSTEM. 0 0 1017163 746015 RECEIVING AND ALLOCATING SCHOLARSHIPS FOR THE BENEFIT OF MOUNTAIN EMPIRE COMMUNITY COLLEGE STUDENTS, AS WELL AS FUNDING PROFESSIONAL DEVELOPMENT FOR EMPLOYEES, FACULTY PROJECTS TO FOSTER STUDENT SUCCESS, CULTURAL EVENTS FOR STUDENTS AND THE COMMUNITY, AND PHYSICAL IMPROVEMENTS TO THE CAMPUS. 1017163 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 1 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X CLARA HARRIS 2765232400 3441 MOUNTAIN EMPIRE ROAD BIG STONE GAP VA 24219 GARY D MCCANN PAST CHAIR; EMERITUS 1.00 X 0 0 0 DIANA D POPE DIRECTOR 1.00 X 0 0 0 DR KRISTEN WESTOVER PRESIDENT OF MECC 1.00 40.00 X X 0 183211 41844 RONALD VICARS MECC VP OF FIN;VICE-TREAS; 1.00 40.00 X X 0 119276 38726 ROGER A DAUGHERTY DIRECTOR 1.00 X 0 0 0 JOSEPH FUNK DIRECTOR 1.00 X 0 0 0 LETON HARDING JR TREASURER 1.00 X X 0 0 0 KAREN K HALL DIRECTOR; EMERITUS 1.00 X 0 0 0 DR KATHLEEN DEPONTE DIRECTOR 1.00 X 0 0 0 WAYNE HERNDON DIRECTOR 1.00 X 0 0 0 CHRISTOPHER JONES DIRECTOR 1.00 X 0 0 0 VIRGINIA H MEADOR DIRECTOR; EMERITUS 1.00 X 0 0 0 MARK MUSICK CHAIR 1.00 X X 0 0 0 PETER RABER DIRECTOR 1.00 X 0 0 0 JACK RHOTON DIRECTOR 1.00 X 0 0 0 JIM SMITH DIRECTOR 1.00 X 0 0 0 JASON STURGILL DIRECTOR 1.00 X 0 0 0 W C WITT JR DIRECTOR, EMERITUS 1.00 X 0 0 0 AMY GREEAR EXECUTIVE DIRECTOR 1.00 X X 0 110445 31218 DR WILLIAM KANTO VICE CHAIR 1.00 X X 0 0 0 KENNETH FOGG DIRECTOR 1.00 X 0 0 0 WILLIAM BOTT DIRECTOR 1.00 40.00 X 0 65825 20802 KEITH WILSON DIRECTOR 1.00 X 0 0 0 LENA GRACE DIRECTOR 1.00 40.00 X 0 52123 16082 MIKE STROUTH DIRECTOR 1.00 X 0 0 0 0 530880 148672 0 0 1 0 0 419274 1635651 7122 2054925 937475 937475 161123 -161123 -161123 -161123 2831277 0 0 776352 746015 746015 254993 38210 130577 86206 6261 6261 30731 30731 4635 4188 447 6709 5854 855 SUPPLIES 217842 199222 7103 11517 RECEPTIONS AND ENTERTAI 57854 375 30995 26484 OTHER ALLOCATION 51039 51039 EQUIPMENT 24341 24341 50421 9000 41246 175 1450841 1017163 307994 125684 250 250 572691 320087 523003 226594 11775 11693 18781 18781 0 0 33839526 29697589 423609 1226233 35370854 31482446 519267 186100 500000 519267 686100 X 7163877 6401217 27687710 24395129 34851587 30796346 35370854 31482446 1380436 -5435677 0 X X 0 1 X 1 0 X 690427 1183381 1729011 1213636 2054925 6871380 690427 1183381 1729011 1213636 2054925 6871380 181008 6690372 315844 1268364 670303 1029336 776352 4060199 13647 4390 18037 10949616 0.61100 0.52760 X SCHEDULE A, PART VI, LIST OF UNUSUAL GRANTS: DESCRIPTION: 5 YEAR PLEDGE AMOUNT: 0. SCHEDULE A, PART II, SECTION A. PUBLIC SUPPORT, LINES 1 AND IN ACCORDANCE WITH IRS REGULATION SECTION 1.509(A)-3(C)(3), THE FOUNDATION IS EXCLUDING AN UNUSUAL GRANT PLEDGE RECEIVED SEPTEMBER 11, 2013 IN THE AMOUNT OF $1,796,114 (THE PRESENT VALUE DISCOUNTED AMOUNT WHICH IS PAYABLE IN CASH IN EQUAL INSTALLMENTS OF $400,000 FROM 2014 TO 2018) FROM THE NUMERATOR OF THE ONE-THIRD SUPPORT FRACTION AND FROM THE DENOMINATOR OF BOTH THE ONE-THIRD SUPPORT AND NOT-MORE-THAN-ONE-THIRD SUPPORT FRACTIONS FOR THE YEAR ENDED DECEMBER 31, 2018. THIS UNUSUAL GRANT WAS ATTRACTED BY REASON OF THE PUBLICLY SUPPORTED NATURE OF THE ORGANIZATION; IS UNUSUAL AND UNEXPECTED WITH RESPECT TO THE AMOUNT THEREOF; AND WOULD BY REASON ITS SIZE, ADVERSELY AFFECT THE STATUS OF THE ORGANIZATION AS NORMALLY MEETING THE ONE-THIRD SUPPORT TEST. BASED ON A REVIEW OF IRS REGULATION SECTION 1.509(A)-3(C)(4) DETERMINING FACTORS, THIS GRANT WAS AN UNUSUAL AND UNEXPECTED BEQUEST AMOUNT MADE BY A DISINTERESTED PERSON. PRIOR TO THE RECEIPT OF THIS PARTICULAR GRANT, THE FOUNDATION HAS CARRIED ON AN ACTUAL PROGRAM OF PUBLIC SOLICITATION AND EXEMPT ACTIVITIES AND HAS BEEN ABLE TO ATTRACT A SIGNIFICANT AMOUNT OF PUBLIC SUPPORT. FURTHERMORE, THE FOUNDATION IS REASONABLY EXPECTED TO ATTRACT A SIGNIFICANT AMOUNT OF PUBLIC SUPPORT SUBSEQUENT TO THIS PARTICULAR GRANT. PRIOR TO 2013, THE FOUNDATION MET THE ONE-THIRD SUPPORT TEST WITHOUT THE BENEFIT OF ANY EXCLUSIONS OF UNUSUAL GRANTS. THE CONTRIBUTOR DOES NOT DIRECTLY OR INDIRECTLY EXERCISE CONTROL OVER THE FOUNDATION, AND THE FOUNDATION'S BOARD IS COMPRISED OF A VARIETY OF INDIVIDUALS WITH BREADTH AND DEPTH OF KNOWLEDGE WHO DO NOT APPEAR TO BE REPRESENTING DISQUALIFIED INTERESTS. NO MATERIAL RESTRICTIONS OR CONDITIONS HAVE BEEN IMPOSED BY THE TRANSFEROR UPON THE TRANSFEREE IN CONNECTION WITH SUCH TRANSFER. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 32978047 1305907 -5635648 309563 28338743 27573445 169574 5590670 355642 32978047 24892998 162142 2777888 259583 27573445 23276999 -21760 1926977 289218 24892998 25074640 295660 -1819090 274211 23276999 0 0 18781 18781 0 0 EQUITY SECURITIES 19612608 F FIXED INCOME / BONDS 10084981 F 29697589 X -2604400 -5435677 -5435677 2831277 0 2831277 1450841 0 1450841 0 1450841 PART V, LINE 4: THE INTENDED USES OF THE FOUNDATION'S ENDOWMENT FUNDS ARE FOR SCHOLARSHIPS, STUDENT SUPPORT, GENERAL USE, ADMINISTRATION, AND OTHER. PART X, LINE 2: NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES UNCERTAIN TAX POSITIONS THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, EXCEPT ON NET INCOME DERIVED FROM UNRELATED BUSINESS ACTIVITIES. AS OF DECEMBER 31, 2022, THE FOUNDATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION'S POLICY IS TO RECOGNIZE ANY INTEREST OR PENALTIES ON UNRECOGNIZED TAX LIABILITIES AS INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECOGNIZED DURING THE YEAR ENDED DECEMBER 31, 2022. 1 MOUNTAIN EMPIRE COMMUNITY COLLEGE 3441 MOUNTAIN EMPIRE ROAD BIG STONE GAP VA 24219 541268294 501(C)(3) 0 797054 N/A N/A SCHOLARSHIPS FOR EDUCATION PART I, LINE 2: THE FOUNDATION AWARDS SCHOLARSHIPS TO QUALIFIED PERSONS FOR THE PURPOSE OF ATTENDING MOUNTAIN EMPIRE COMMUNITY COLLEGE. THESE AWARDS ARE BASED ON CRITERIA SUCH AS FINANCIAL NEED AND SCHOLASTIC PROMISE, AND ARE AVAILABLE TO PERSONS WHO ARE ENROLLED OR INTEND TO ENROLL IN SPECIFIC PROGRAMS. SCHOLARSHIP RECIPIENTS ARE SELECTED BY THE MOUNTAIN EMPIRE COMMUNITY COLLEGE OFFICE OF FINANCIAL AID. AS A GENERAL RULE, THE FOUNDATION DETERMINES THE AMOUNT OF MONEY TO BE DISBURSED AND THE BOARD OF DIRECTORS VOTES ON THE SCHOLARSHIP BUDGET AT THEIR APRIL MEETING. THE FUNDS, BY ACCOUNT NAME, ARE "RELEASED" TO FINANCIAL AID BY A SHARED NETWORK BETWEEN THE FOUNDATION'S OFFICE AND THE COLLEGE'S FINANCIAL AID OFFICE. FINANCIAL AID AWARDS THE FUNDS TO THE STUDENTS AND THEIR NAMES ARE LISTED ON THE SHARED NETWORK BY AMOUNT. WHEN THE FOUNDATION'S FINANCIAL SERVICES SPECIALIST RECEIVES AN INVOICE FROM THE COLLEGE, SHE VERIFIES THAT THE NAMES AGREE WITH THE STUDENT AND AMOUNT LISTED ON THE SHARED NETWORK, AND SHE REMITS THE INVOICE AMOUNT TO THE COLLEGE. THE FUNDS ARE GIVEN TO THE COLLEGE, BUT THE STUDENT AND APPLICABLE SCHOLARSHIP ARE TRACKED ON THE FOUNDATION END AS WELL. 0 0 0 0 0 0 0 0 0 DR KRISTEN WESTOVER PRESIDENT OF MECC 0 183211 0 0 0 0 0 0 0 41844 0 225055 0 0 RONALD VICARS MECC VP OF FIN;VICE-TREAS; 0 119276 0 0 0 0 0 0 0 38726 0 158002 0 0 PART I, LINE 3 THE MOUNTAIN EMPIRE COMMUNTY COLLEGE FOUNDATION (MECCF) DOES NOT USE ANY METHOD OF ESTABLISHING COMPENSATION FOR DR. WESTOVER DUE TO HER CONTRACT AND PAY BEING PAID/SERVICED BY MOUNTAIN EMPIRE COMMUNITY COLLEGE (MECC) AND NOT MECCF. THE CONTRACTUAL AGREEMENT THAT IS HELD BETWEEN MECC AND MECCF DOES NOT INCORPORATE HER COMPENSATION. PART I, LINE 5 N/A PART I, LINE 6 N/A PART I, LINE 7 N/A PART I, LINE 8 N/A FORM 990, PART VI, SECTION A, LINE 2 BOARD OF DIRECTOR MEMBER W. C. WITT, JR. IS MARRIED TO BOARD OF DIRECTOR MEMBER KATHLEEN A. DEPONTE, AND HE IS THE SECOND COUSIN OF BOARD OF DIRECTOR MEMBER RYAN WITT. FORM 990, PART VI, SECTION A, LINE 3 IN ACCORDANCE WITH THE VIRGINIA COMMUNITY COLLEGE SYSTEM POLICY ON FOUNDATIONS, MOUNTAIN EMPIRE COMMUNITY COLLEGE FOUNDATION, INC. (THE FOUNDATION) AND MOUNTAIN EMPIRE COMMUNITY COLLEGE (THE COLLEGE) HAD AN OPERATING AGREEMENT FOR THE FISCAL YEAR OF JANUARY 1, 2020 TO DECEMBER 31, 2020. THE OPERATING AGREEMENT STATED THAT THE FOUNDATION AGREED IT WOULD RECEIVE, HOLD, INVEST, MANAGE, USE, DISPOSE OF, AND ADMINISTER ITS PROPERTY AND ASSETS FOR THE BENEFIT OF THE COLLEGE OR FOR THE EDUCATIONAL SUPPORT ACTIVITIES THAT MAY BE CONDUCTED BY THE COLLEGE. IN CONSIDERATION FOR THE SERVICES PROVIDED BY THE FOUNDATION, THE COLLEGE AGREED TO SUPPORT ADMINISTRATIVE SERVICES AS SPECIFIED BELOW AND PROVIDE OFFICE SPACE, COMPUTER INFORMATION SUPPORT, SHARED EQUIPMENT SUCH AS COPY MACHINES, TELEPHONES AND FILES AT NO CHARGE TO THE FOUNDATION. THE COLLEGE AGREED TO PROVIDE ADMINISTRATIVE SERVICES IN THE FORM OF STAFF TIME IN THE PROPORTIONS AND FROM THE POSITIONS AS FOLLOWS: 1. ONE-HUNDRED PERCENT (100%) OF THE TIME OF THE GRANTS COORDINATOR, 2. FIFTY-PERCENT (50%) OF THE TIME OF THE FINANCIAL SPECIALIST I, 3. ONE-HUNDRED PERCENT (100%) OF THE TIME OF THE ANNUAL FUND COORDINATOR, 4. ONE-HUNDRED PERCENT (100%) OF THE TIME OF THE ADMINISTRATIVE SUPPORT SPECIALIST III FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF THE FOUNDATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PROVIDED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS PRESENTED TO THE BOARD OF DIRECTORS ANNUALLY AT THE OCTOBER MEETING. EACH MEMBER SIGNS THE FORM AND RETURNS IT TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 IN ACCORDANCE WITH THE COMMONWEALTH OF VIRGINIA AND THE VIRGINIA COMMUNITY COLLEGE SYSTEM, WAGES AND/OR SALARIES OF THE EMPLOYEES ARE REVIEWED ON AN ANNUAL AND/OR REGULAR BASIS TO DETERMINE IF THEY ARE IN ACCORDANCE WITH THE APPROPRIATE SALARY RANGES. ANNUAL EVALUATIONS ARE PERFORMED FOR ALL MOUNTAIN EMPIRE COMMUNITY COLLEGE (THE COLLEGE) EMPLOYEES. THIS APPLIES NOT ONLY TO TOP MANAGEMENT BUT ALSO OFFICERS AND/OR DIRECTORS THAT ARE EMPLOYEES OF THE COLLEGE. HOWEVER, SEE SCHEDULE O FOR AN EXPLANATION OF THE OPERATING AGREEMENT BETWEEN THE MOUNTAIN EMPIRE COMMUNITY COLLEGE FOUNDATION, INC. AND THE COLLEGE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT, AND THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. MOUNTAIN EMPIRE COMMUNITY COLLEGE 3441 MOUNTAIN EMPIRE ROAD BIG STONE GAP VA 24219 541268294 TWO-YEAR COLLEGE PROVIDING HIGHER EDUCATION AND WORKFORCE TRAINING PROGRAMS VA VA GOV'T UNIT N/A 0 COALFIELD WATER DEVELOPMENT FUND INC P O BOX 34 BIG STONE GAP VA 24219 311459992 PROVIDE FINANCING-WATER PROJECT CONST COSTS NOT MET BY FEDERAL/STATE FUNDING VA 501(C)(3) 170(B)(1)(A)(VI) N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 MTN EMPIRE COMMUNITY COLLEGE B 797054 CASH PAID MTN EMPIRE COMMUNITY COLLEGE R 216783 CASH PAID