2023-11-10T14:39:39-05:00 2022-12-31 260662283 CAMPBELL & LINEBERRY PC PO BOX 7979 ROANOKE VA 24019 990 2022-01-01 541547596 MOUNTAIN GATEWAY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC MOUN 5408632837 1000 COLLEGE DRIVE CLIFTON FORGE VA 24422 AMY PHILLIPS EXECUTIVE DIRECTOR 5408632837 2023-11-15 true AMY PHILLIPS XXX-XX-XXXX false KRISTINE M BERTHOLF P01070456 5407773770 2023-11-10 2022 2023-04-26 12:10:37Z X AMY PHILLIPS 1000 COLLEGE DRIVE CLIFTON FORGE VA 24422 1369969 false X HTTP://WWW.MGCC.EDU/FOUNDATION.HTML X TO SUPPORT MOUNTAIN GATEWAY COMMUNITY COLLEGE BY HELPING TO PROVIDE AN ACCESSIBLE, QUALITY EDUCATION FOR STUDENTS IN THE SERVICE AREA OF THE COMMUNITY COLLEGE, WHILE ALSO PROVIDING FACULTY GRANTS AND PURCHASING NEW EQUIPMENT AND TECHNOLOGY FOR CLASSROOM USE. 19 19 6 19 0 270812 971413 0 591638 235005 -278 0 862172 1206418 339440 535262 0 128175 180469 0 38834 83158 82963 550773 798694 311399 407724 9103811 8824532 2252 143354 9101559 8681178 X TO SUPPORT MOUNTAIN GATEWAY COMMUNITY COLLEGE BY HELPING TO PROVIDE AN ACCESSIBLE, QUALITY EDUCATION FOR STUDENTS IN THE SERVICE AREA OF THE COMMUNITY COLLEGE, WHILE ALSO PROVIDING FACULTY GRANTS AND PURCHASING NEW EQUIPMENT AND TECHNOLOGY FOR CLASSROOM USE. false false 689924 535262 PROVIDE SCHOLARSHIPS, GRANTS AND PROGRAM SUPPORT TO STUDENTS, FACULTY AND ACADEMIC DEPARTMENTS OF MOUNTAIN GATEWAY COMMUNITY COLLEGE. THE FOUNDATION ADMINISTERS APPROXIMATELY 85 ENDOWED AND NON-ENDOWED SCHOLARSHIP AND GRANT FUNDS. THE EXPENSE TOTALS DO NOT INCLUDE THE VALUE OF DONATED FACILITIES (18,896). 689924 true true false false false false false false false true true false false false true false true false false false false false false false false false false true true true false false false false false false false false false false false false false true false false false true 0 0 6 true false false false false false false false false false false false false false false X 19 19 false false false false false false false true true false false false true true true true true false false false X AMY PHILLIPS 5408632837 1000 COLLEGE DRIVE CLIFTON FORGE VA 24422 X DR JOHN RAINONE SECRETARY 1.00 40.00 X X 0 170000 42000 AMY PHILLIPS EXECUTIVE DI 26.00 14.00 X 4673 2516 3547 MICHELLE AUSTIN BOARD MEMBER 1.00 X X 0 0 0 NICK MOGA PRESIDENT 2.00 X X 0 0 0 JOHN STONE 1ST VP 1.00 X X 0 0 0 LOIS SWITZER 2ND VP 1.00 X X 0 0 0 KATHY BRYANT TREASURER 1.00 X X 0 0 0 HELEN KOSTEL BOARD MEMBER 1.00 X 0 0 0 JAMES COOK BOARD MEMBER 24.00 16.00 X 2859 1906 1376 REBECCA JOHNSON BOARD MEMBER 1.00 X 0 0 0 DONNA VAUGHN BOARD MEMBER 1.00 X 0 0 0 DEBORAH WEDDLE BOARD MEMBER 1.00 X 0 0 0 WILLIAM WILSON BOARD MEMBER 1.00 X 0 0 0 TEENIE KEGLEY BOARD MEMBER 1.00 X 0 0 0 DONNA BEIRNE BOARD DIRECT 1.00 X 0 0 0 ELAINE NELSON BOARD MEMBER 1.00 X 0 0 0 NICOLE GUMM GROSECLOSE BOARD MEMBER 1.00 X 0 0 0 EDDIE GRAHAM BOARD MEMBER 1.00 X 0 0 0 JACKIE STEPHENSON BOARD MEMBER 1.00 X 0 0 0 MARGARET BURKS BOARD MEMBER 1.00 X 0 0 0 SUSAN FRISKI BOARD MEMBER 1.00 X 0 0 0 ELIZABETH RAMSEY BOARD MEMBER 1.00 X 0 0 0 JOSEPH HAGY EXECUTIVE DI 26.00 14.00 X 30609 16481 24838 38141 190903 71761 false true false 3467 5000 962946 971413 244792 244792 153764 163551 -9787 -9787 -9787 3467 1206418 235005 308976 308976 226286 226286 38141 24791 5721 7629 81525 52991 12229 16305 51585 33530 7738 10317 9218 5991 1383 1844 16840 16840 32457 22720 8114 1623 359 359 1787 1787 OTHER EXPENSES 12183 1280 10903 SCHOLARSHIP SOFTWARE EXP 7250 7250 MATERIALS & SUPPLIES 6507 3682 2825 SOFTWARE EXPENSES 4801 1921 1920 960 779 506 117 156 798694 689924 69936 38834 159020 539680 471001 518062 23800 5345 5345 8421678 7736598 28312 30192 9103811 8824532 2252 143354 2252 143354 X 997422 1389310 8104137 7291868 9101559 8681178 9103811 8824532 X 407724 -828105 X false true X true false X 503517 519214 355480 270812 971413 2620436 83544 12692 18896 18896 18896 152924 587061 531906 374376 289708 990309 2773360 2773360 205985 262179 244738 238621 244792 1196315 3969675 0.69860 0.69170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7765504 104269 -556908 153559 218535 6940771 7146341 44115 871105 103214 192843 7765504 7096139 139756 167195 121383 135366 7146341 6212737 66220 1043311 107979 118150 7096139 6574571 91764 -180074 148800 124724 6212737 0.05000 0.60000 0.35000 false false 5345 5345 DUE TO COLLEGE 143354 143354 364752 -828105 18896 -32457 -841666 1206418 1206418 785133 18896 18896 766237 32457 32457 798694 SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS ARE RESTRICTED TO PROVIDING SCHOLARSHIPS, FACULTY GRANTS AND EQUIPMENT FOR ACADEMIC PURPOSES. SCHEDULE D, PAGE 4, PART XI, LINE 2D INVESTMENT MANAGEMENT FEE -32,457 SCHEDULE D, PAGE 4, PART XII, LINE 4B INVESTMENT MANAGEMENT FEE 32,457 SCHEDULE D, PAGE 4, PART XIII PART XI, LINE 2D AND PART XII, LINE 4B: INVESTMENT MANAGEMENT FEES OF 32,457 WERE NETTED AGAINST INVESTMENT INCOME ON THE AUDITED FINANCIAL STATEMENTS AND WERE SEPARATELY STATED AS AN EXPENSE (PART IX, LINE 11F) ON THE TAX RETURN. false MOUNTAIN GATEWAY COMM COLLEGE PO BOX 1000 CLIFTON FORGE VA 24422 541268274 115 225976 SUPPORT MGCC PROGRAM THE ADVANCEMENT FOUNDATION 227 S POLLARD ST A VINTON VA 24179 205922663 501C3 83000 WORKFORCE DEVELOPMEN SCHOLARSHIPS 110 170920 STUDENT EMERGENCY PAYMENT 400 55366 SCHEDULE I, PAGE 4, PART IV PART I LINE 2 - COMMITTEES OF THE BOARD OF DIRECTORS EVALUTE GRANT PROPOSALS AND SCHOLARSHIP APPLICATIONS BASED ON CRITERIA ESTABLISHED FOR EACH GRANT OR SCHOLARSHIP. GRANTEES REPORT ACCOMPLISHMENTS AND EXPENDITURE OF GRANT FUNDS TO THE FOUNDATION. FOR SCHOLARSHIPS, THE FUNDS ARE ISSUED ONLY TO THE EDUCATIONAL INSTITUTION AFTER THE STUDENT'S MATRICULATION HAS BEEN VERIFIED. THE COMMITTEE ALSO ESTABLISHED PROCEDURES FOR STUDENTS TO REQUEST EMERGENCY ASSISTANCE WITH LIVING EXPENSES, SUCH AS RENT AND UTILITIES, AND MEAL ASSISTANCE IN ORDER FOR THE STUDENT TO CONTINUE ATTENDING MGCC. false false false false false false false false false DR JOHN RAINONE SECRETARY 170000 42000 212000 FORM 990 - ORGANIZATION'S MISSION TO SUPPORT MOUNTAIN GATEWAY COMMUNITY COLLEGE BY HELPING TO PROVIDE AN ACCESSIBLE, QUALITY EDUCATION FOR STUDENTS IN THE SERVICE AREA OF THE COMMUNITY COLLEGE, WHILE ALSO PROVIDING FACULTY GRANTS AND PURCHASING NEW EQUIPMENT AND TECHNOLOGY FOR CLASSROOM USE. FORM 990 DURING 2022, THE BOARD OF DIRECTORS OF DABNEY S. LANCASTER COMMUNITY COLLEGE ELECTED TO CHANGE THE NAME OF THE COLLEGE TO MOUNTAIN GATEWAY COMMUNITY COLLEGE EFFECTIVE JULY 1, 2022. THE BOARD OF DIRECTORS OF THE EDUCATIONAL FOUNDATION ELECTED TO CHANGE THE NAME OF THE DABNEY S. LANCASTER EDUCATIONAL FOUNDATION, INC. TO MOUNTAIN GATEWAY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION, INC. SO THAT IT AGREES WITH THE NEW NAME OF THE COLLEGE. THIS CHANGE WAS MADE EFFECTIVE JULY 1, 2022. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 WAS PROVIDED TO THE EXECUTIVE DIRECTOR AND TO THE MEMBERS OF THE FOUNDATION'S FINANCE AND EXECUTIVE COMMITTEES FOR REVIEW. THE EXECUTIVE DIRECTOR HAS THE DELEGATED AUTHORITY FROM THE BOARD OF DIRECTORS TO SIGN AND FILE THE 990 AFTER THE REVIEW PROCESS. FORM 990, PAGE 6, PART VI, LINE 12C PERIODIC REVIEWS BY FINANCE AND INVESTMENT COMMITTEE. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST. ALSO, THE VIRGINIA COMMUNITY COLLEGE SYSTEM MAKES THE INFORMATION ACCESSIBLE ON ITS WEBSITE. FORM 990, PART VII SECTION A, LINE 1: DR. JOHN RAINONE IS THE PRESIDENT OF MOUNTAIN GATEWAY COMMUNITY COLLEGE (MGCC) AND IS COMPENSATED BY THE COLLEGE FOR HIS SERVICES AS A COLLEGE EMPLOYEE. HE IS ALSO A MEMBER OF THE FOUNDATION'S BOARD OF DIRECTORS, BUT HE RECEIVES NO COMPENSATION FOR HIS SERVICES AS A BOARD MEMBER. FORM 990, PART XI, LINE 9 INVESTMENT MANAGEMENT FEE -32,457 INVESTMENT MANAGEMENT FEE 32,457 MOUNTAIN GATEWAY COMMUNITY COLLEGE PO BOX 1000 CLIFTON FORGE VA 24422 541268274 VA 115 NA false false true true false false false false false false false false false false true true true false false false