2023-11-08T11:20:14-06:00 2023-06-30 541149263 YOUNT HYDE & BARBOUR PC PO BOX 2560 WINCHESTER VA 226041760 990 2022-07-01 541130296 JSARGEANT REYNOLDS COMMUNITY COLLEGE EDUCATION FOUNDATION INC JSAR 8045235181 1651 E PARHAM ROAD 200 RICHMOND VA 23228 LINDSAY LANE ROBINSON EXECUTIVE DIRECTOR 8045235181 2023-11-06 1 LINDSAY LANE ROBINSON 999009999 0 OLIVIA A HUTTON CPA P00964688 5406623417 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z LINDSAY LANE ROBINSON 1651 E PARHAM ROAD 200 RICHMOND VA 23228 10119781 0 X WWW.REYNOLDS.EDU/JSR_FUND/ X 1979 VA PROVIDE FINANCIAL SUPPORT TO J. SARGEANT REYNOLDS COMMUNITY COLLEGE. 25 22 21 22 0 0 1936300 2468337 93157 116926 1278557 211341 -1385 0 3306629 2796604 1524794 1418126 0 0 278780 289004 0 0 44358 207347 212000 2010921 1919130 1295708 877474 18641416 20979149 474369 445544 18167047 20533605 PROVIDE FINANCIAL SUPPORT TO J. SARGEANT REYNOLDS COMMUNITY COLLEGE. 0 0 583003 553626 116926 GRANTS AND ALLOCATIONS - MATERIALS AND EXPENSES IN SUPPORT OF PROGRAMS 864500 864500 GRANTS AND ALLOCATIONS - SCHOLARSHIPS FOR STUDENTS TUITION AND FEES 1447503 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 14 0 1 21 1 0 0 0 0 1 0 0 0 0 0 0 0 0 X 25 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X ROSEMARY H BURROWS 8045235181 1651 E PARHAM ROAD SUITE 200 RICHMOND VA 23228 SHANE R OLSON DIRECTOR 5.00 X 0 0 0 PATRICK W FARRELL PAST PRESIDENT 5.00 1.00 X X 0 0 0 NEIL S KESSLER VICE CHAIR 5.00 1.00 X X 0 0 0 GRANT NEELY DIRECTOR 5.00 X 0 0 0 CELIA RAFALKO DIRECTOR 5.00 X 0 0 0 ROBERT E COMET JR DIRECTOR 5.00 1.00 X 0 0 0 ANDREW K SLEDD DIRECTOR 5.00 X 0 0 0 TAIKEIN M COOPER DIRECTOR 5.00 X 0 0 0 LEA S RASMUSSEN TREASURER 5.00 1.00 X X 0 0 0 J SARGEANT REYNOLDS JR DIRECTOR 5.00 1.00 X 0 0 0 JEAN P HOLMAN SECRETARY 5.00 1.00 X X 0 0 0 NANCY R BELLEMAN CHAIR 5.00 1.00 X X 0 0 0 PATRICIA L ROBERTSON DIRECTOR 5.00 X 0 0 0 PAULA P PANDO DIRECTOR 5.00 35.00 X 31000 216432 0 JILL A MCCORMICK DIRECTOR 5.00 X 0 0 0 THOMAS D EPPERSON DIRECTOR 5.00 X 0 0 0 J CONRAD GARCIA DIRECTOR 5.00 X 0 0 0 KATHY A GRAZIANO DIRECTOR 5.00 X 0 0 0 CHRISTOPHER DENTON DIRECTOR 5.00 X 0 0 0 ELIAS NEUJAHR DIRECTOR 5.00 X 0 0 0 GEORGE WEBSTER DIRECTOR 5.00 X 0 0 0 AMELIA M BRADSHAW ASSISTANT TREASURER 5.00 35.00 X 15000 150820 0 ELIZABETH S LITTLEFIELD EXECUTIVE DIRECTOR 35.00 5.00 X 20000 145673 0 66000 512925 0 0 0 1 0 0 2468337 20073 2468337 SPECIAL PROGRAMS 611210 116926 116926 116926 407576 407576 7126942 7323177 -196235 -196235 -196235 2796604 116926 0 211341 553626 553626 864500 864500 25000 25000 233544 18000 215544 30460 1377 29083 15750 15750 83229 83229 10000 10000 2779 2779 16893 16893 10097 10097 5795 5795 STEWARDSHIP 44358 44358 MISC EXPENSE 10379 10379 CAR ALLOWANCE 6000 6000 STUDENT NEEDS 4000 4000 2720 2720 1919130 1447503 427269 44358 200 200 1932338 1217211 1211753 1315585 7656 5963 8907 14048 15280733 18285791 199829 140351 18641416 20979149 99369 70544 375000 375000 474369 445544 X 1827080 2170482 16339967 18363123 18167047 20533605 18641416 20979149 877474 1489084 0 X X 0 1 X 1 0 X 2167014 3653302 2298298 1936300 2468337 12523251 2167014 3653302 2298298 1936300 2468337 12523251 2804569 9718682 336806 343494 240909 296927 407576 1625712 14148963 371962 0.68690 0.77840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 14108353 308492 1213290 440402 15189733 16365935 124955 -2085700 296837 14108353 13069441 281037 3294294 278837 16365935 12004383 1171555 155644 262141 13069441 11490249 232697 733138 451701 12004383 0.05000 0.74000 0.21000 0 0 0 PART III, LINE 1A - F/S FOOTNOTE FOR ART, TREASURES, ETC. THE FOUNDATION HAS ENTERED INTO A MEMORANDUM OF UNDERSTANDING WITH THE COLLEGE EFFECTIVE JULY 1, 2015 IN CONNECTION WITH THE REYNOLDS ART COLLECTION. THE STEWARDSHIP RESPONSIBILITIES AGREED TO BY THE FOUNDATION IN CONNECTION WITH THE COLLECTION ARE AS FOLLOWS: 1. ALL GIFTS OF ART WILL BE ACCEPTED BY THE FOUNDATION AS GIFTS OF TANGIBLE PROPERTY. THE FOUNDATION'S GIFT ACCEPTANCE POLICY WILL APPLY TO ALL GIFTS OF ARTWORK, INCLUDING BUT NOT LIMITED TO THE REQUIREMENT THAT THE DONOR OBTAIN AN APPRAISAL OF A QUALIFIED APPRAISER FOR ARTWORKS VALUED AT $5,000 AND OVER. 2. THE FOUNDATION WILL PROVIDE THE APPROPRIATE GIFT ACKNOWLEDGEMENT AND IF APPLICABLE, COMPLETE THE APPROPRIATE TAX FORMS FOR DONOR'S RECORDS. 3. THE FOUNDATION WILL INCLUDE THE REYNOLDS FOUNDATION ART COLLECTION IN ITS ANNUAL AUDIT REVIEW PROCESS. 4. THE FOUNDATION SHALL HONOR ALL LEGAL RESTRICTIONS ATTACHING TO THE GIFT OR BEQUEST OF ANY WORK OF ART. IN ADDITION, DONOR REQUIREMENTS WHICH DO NOT IMPOSE ANY LEGAL OBLIGATION ACCOMPANYING THE BEQUEST OR GIFT OF ANY WORK OF ART WILL BE RESPECTED TO THE EXTENT FEASIBLE, UNLESS MODIFIED BY THE DONOR, OR IF THE DONOR IS NOT LIVING, THE DONOR'S HEIRS OR LEGAL REPRESENTATIVES. AT JUNE 30, 2021, THE NUMBER OF ITEMS IN THE ART COLLECTION APPROXIMATELY 770. MOST OF THE ITEMS IN THE COLLECTION ARE SELF PRODUCED PAINTINGS WITH MODERATE MONETARY VALUE. THE FOUNDATION DOES NOT CAPITALIZE THE ART COLLECTION IN THE ACCOMPANYING FINANCIAL STATEMENTS. PART V, LINE 4 - INTENDED USES OF ENDOWMENT FUND THE MAIN PURPOSE OF THE FOUNDATION IS TO SUPPORT J. SARGEANT REYNOLDS COMMUNITY COLLEGE, AN EDUCATIONAL INSTITUTION. SCHOLARSHIPS ARE AWARDED TO INDIVIDUALS BASED ON ACADEMIC EXCELLENCE AND NEED IN ORDER FOR THEM TO ATTEND THE COLLEGE. OTHER ACADEMIC NEEDS OF THE COLLEGE ARE IDENTIFIED AND FUNDS ARE PROVIDED TO COVER THESE NEEDS. ALL DISBURSEMENTS ARE MADE ON THE BASIS THAT THEY SUPPORT AND BENEFIT THE COLLEGE AND THAT THEY ENCOURAGE AND ENABLE INDIVIDUALS TO ATTEND THE COLLEGE. 1 J SARGEANT REYNOLDS COMMUNITY COLLEGE 1651 E PARHAM RD RICHMOND VA 23228 541268266 144832 20073 FMV TWO VEHICLES AND MEDICAL EQUIPMENT ALL GRANT FUNDS ARE TO BE USED FOR SCHOLARSHIPS AND PROGRAMS FOR REYNOLDS COMMUNITY COLLEGE. ONLY ENROLLED STUDENTS RECEIVE SCHOLARSHIPS. PROGRAM EXPENDITURES ARE MADE DIRECTLY TO THE COLLEGE OR VENDORS. 1 SCHOLARSHIPS 765 854500 X 0 1 0 0 0 0 0 0 0 0 0 PAULA P PANDO DIRECTOR 31000 216432 0 0 0 0 0 0 0 0 31000 216432 0 0 AMELIA M BRADSHAW ASSISTANT TREASURER 15000 150820 0 0 0 0 0 0 0 0 15000 150820 0 0 ELIZABETH S LITTLEFIELD EXECUTIVE DIRECTOR 20000 145673 0 0 0 0 0 0 0 0 20000 145673 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE FULL BOARD OF DIRECTORS AND THE SIGNATORY OFFICER PRIOR TO SIGNING FORM 990, PART VI, SECTION B, LINE 12C WHENEVER A MATTER ARISES FOR ACTION BY THE BOARD, OR THE JSRCC EDUC. FDN. ENGAGES IN AN ACTIVITY WHERE THERE IS A POSSIBLE CONFLICT OR THE APPEARANCE OF CONFLICT BETWEEN THE INTERESTS OF THE JSRCC EDUC. FDN. AND AN OUTSIDE OR PERSONAL INTEREST OF A DIRECTOR OR A FAMILY MEMBER, THE OUTSIDE INTEREST OF THE DIRECTOR SHOULD BE DISCLOSED TO THE JSRCC EDUC. FDN. BOARD. IN THOSE CASES WHERE THE DIRECTOR IS PRESENT WHEN A VOTE IS TAKEN IN CONNECTION WITH SUCH A QUESTION, THE DIRECTOR SHALL ABSTAIN. IN SOME CIRCUMSTANCES THE DIRECTOR SHOULD AVOID DISCUSSING ANY PLANNED ACTIONS, FORMALLY OR INFORMALLY, FROM WHICH THE DIRECTOR MIGHT APPEAR TO BENEFIT. SOMETIMES NEITHER DISCLOSURE NOR ABSTENTION IS SUFFICIENT, AND THE ONLY APPROPRIATE SOLUTION IS RESIGNATION. THE AUDIT COMMITTEE WILL CONDUCT A PERIODIC REVIEW OF THE DISCLOSURE STATEMENTS AND MAKE RECOMMENDATIONS TO BOARD AND COMMITTEES AS APPROPRIATE. A DISCLOSURE STATEMENT MUST BE UPDATED NO LESS THAN ANNUALLY, OR WHEREVER SIGNIFICANT CHANGES OCCUR. THE JSRCC EDUC. FDN. BOARD PRESIDENT AND CHAIR OF THE AUDIT COMMITTEE SHALL HAVE THE PRIMARY RESPONSIBILITY TO OVERSEE COMPLIANCE WITH THESE STANDARDS AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DETERMINES COMPENSATION FOR ALL EMPLOYEES, INCLUDING THE EXECUTIVE DIRECTOR, USING COMPARABILITY DATA. SUCH PROCESS IS CONTEMPORANEOUSLY DOCUMENTED AND INCLUDES A REVIEW AND APPROVAL BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. 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 UPON REQUEST. PART XII, LINE 1 NO CHANGE FROM PRIOR YEAR. JSRCC REAL ESTATE FOUNDATION INC 1651 E PARHAM RD SUITE 200 RICHMOND VA 23228 542030304 TO DEAL WITH ASPECTS OF REAL ESTATE BENEFITTING JSRCC EDU FD VA 501(C)(3) 11A N/A 0 J SARGEANT REYNOLDS COMMUNITY COLLEGE 1651 E PARHAM RD SUITE 200 RICHMOND VA 23228 541268266 TO PROVIDE AN ACCESSIBLE, QUALITY EDUCATION VA 501(C)(3) 11A 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 JSRCC REAL ESTATE FOUNDATION INC D 140351 FMV J SARGEANT REYNOLDS COMMUNITY COLLEGE P 871096 FMV