2024-02-14T13:17:54-06:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1909 FINANCIAL DRIVE HARRISONBURG VA 22801 990 2022-07-01 541328809 BLUE RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC BLUE 5404532211 PO BOX 80 WEYERS CAVE VA 24486 ANASTASIA O TRIPLETT VP OF ADMINISTRATION AND FINANCE 5404532389 2023-11-28 1 ANASTASIA TRIPLETT 999009999 1 JAMES R FRIES P01320612 5404346736 2023-11-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANASTASIA O TRIPLETT PO BOX 80 WEYERS CAVE VA 24486 2965260 0 X HTTPS://WWW.BLUERIDGE.EDU/ABOUT-BLUE-RIDGE/EDUCAT X 1985 VA THE FOUNDATION PROVIDES GRANTS FOR SCHOLARSHIPS AND OTHER SUPPORT TO BLUE RIDGE COMMUNITY COLLEGE. 25 25 0 26 0 0 912065 1116420 0 0 797299 369204 19365 4800 1728729 1490424 1004901 1028425 0 0 0 0 0 0 19743 151760 197229 1156661 1225654 572068 264770 16560374 17847581 58783 56332 16501591 17791249 X THE BRCC EDUCATIONAL FOUNDATION BUILDS COMMUNITY RELATIONSHIPS AND SECURES RESOURCES TO STRENGTHEN THE PROGRAMS AND SERVICES OF BLUE RIDGE COMMUNITY COLLEGE. THE COLLEGE'S IMPACT ON THE COMMUNITY IS PROFOUND, PROVIDING THE PATHWAY TO SUCCESS FOR STUDENTS AND LOCAL EMPLOYERS. CURRENT STATE AND LOCAL APPROPRIATIONS PROVIDE FUNDING FOR ONLY THE BASIC OPERATIONS OF THE COLLEGE AND ARE NOT SUFFICIENT TO KEEP PACE WITH THE CHALLENGES OF MEETING BRCC'S DIVERSE STUDENT NEEDS AND ADDRESSING WORKFORCE DEVELOPMENT SERVICES AND PROGRAMS. TO MEET THE COMMUNITY'S INCREASING NEEDS FOR PROGRAMS, SERVICES, FACILITIES, AND SCHOLARSHIPS, PRIVATE FUNDS ARE NECESSARY. FUNDS RAISED BY THE BRCC EDUCATIONAL FOUNDATION REPRESENT THE DIFFERENCE BETWEEN ADEQUACY, AS PROVIDED BY TRADITIONAL SOURCES OF FUNDING, AND EXCELLENCE, THAT ONLY PRIVATE INVESTMENT CAN PROVIDE. 0 0 486993 486993 DURING THE 2022-23 ACADEMIC YEAR, THE FOUNDATION PROVIDED 131 SCHOLARSHIP AWARDS TOTALING $486,993 TO 408 STUDENTS. THE MAJORITY OF THESE AWARDS WERE BASED ON FINANCIAL NEED. WHILE A DEGREE AT BLUE RIDGE COMMUNITY COLLEGE APPEARS AFFORDABLE, ESPECIALLY COMPARED TO FOUR-YEAR INSTITUTIONS, IT IS BEYOND THE MEANS OF MANY STUDENTS AND FAMILIES IN OUR COMMUNITY. SCHOLARSHIPS WERE PROVIDED TO STUDENTS IN BOTH CREDIT AND NON-CREDIT PROGRAMS. INCLUDED IN THE TOTAL WERE SCHOLARSHIPS PROVIDED TO PARTICIPANTS IN BLUE RIDGE PROMISE, A BRIDGE PROGRAM FOR HIGH SCHOOL SENIORS INTERESTED IN ATTENDING BRCC AFTER GRADUATION, WHICH INCLUDES A ONE-CREDIT STUDENT DEVELOPMENT (SDV) CLASS TO ENCOURAGE FOLLOW-THROUGH ON THEIR COLLEGE GOALS. AWARDS WERE ALSO MADE THROUGH THE CAREER PATHWAYS PROGRAM FOR HIGH SCHOOL STUDENTS TAKING CAREER AND TECHNICAL EDUCATION CLASSES THROUGH CONCURRENT ENROLLMENT OR DUAL ENROLLMENT. ALL OF THESE SCHOLARSHIP AWARDS GIVE STUDENTS THE OPPORTUNITY TO ACHIEVE THEIR CAREER AND LIFE GOALS AND IMPROVE THE QUALITY OF LIFE OF THEIR FAMILIES AND THE COMMUNITIES IN WHICH THEY LIVE AND WORK. 254377 254377 THE FOUNDATION PROVIDED $254,377 IN WAGE REIMBURSEMENTS TO THE COLLEGE IN SUPPORT OF THE AGRICULTURE ADMISSIONS ADVISOR POSITION, AND THE EMERGENCY MEDICAL SERVICES, HIGH SCHOOL CAREER COACHING, NURSING, AND HEALTHCARE-RELATED WORKFORCE CERTIFICATE PROGRAMS. 112733 112733 THE FOUNDATION PROVIDED GRANTS TOTALING $112,733 THAT WERE USED, IN LARGE PART, TO SUPPORT THE JOB STARTER ADVANCED MANUFACTURING TRAINING INITIATIVE. WORKING IN CONJUNCTION WITH THE LOCAL MANUFACTURING INDUSTRY, BRCC PROVIDED TRAINING OPPORTUNITIES EACH QUARTER FOR UNEMPLOYED OR UNDEREMPLOYED INDIVIDUALS. SUPPORT ENCOMPASSED STIPENDS TO EACH STUDENT WHO SUCCESSFULLY COMPLETED THE THREE-WEEK TRAINING SESSIONS, AS WELL AS ASSISTANCE WITH TRANSPORTATION COSTS DURING THE TRAINING PERIOD. ON THE LAST DAY OF TRAINING, INTERVIEWS WERE CONDUCTED BY EACH OF THE PARTICIPATING COMPANIES, LEADING TO FULL TIME EMPLOYMENT FOR A MAJORITY OF STUDENTS PARTICIPATING. 239036 174322 OTHER PROGRAM SERVICES INCLUDED, BUT WERE NOT LIMITED TO: EMERGENCY STUDENT ASSISTANCE PROVIDED THROUGH THE STUDENT OUTREACH AND RESOURCE CENTER, INCLUDING LUNCH VOUCHERS, GROCERY CARDS, RENTAL PAYMENTS AND GASOLINE CARDS. DENTAL X-RAY MACHINE FOR THE VETERINARY TECHNOLOGY PROGRAM. REUPHOLSTERY OF CHAIRS IN THE BLACK BOX THEATER LOCATED IN THE FINE ARTS CENTER. WORLDS OF WORK EXPO SUPPORT, WHERE 7TH GRADE STUDENTS WERE INTRODUCED TO A WIDE RANGE OF CAREER OPPORTUNITIES. STRATEGIC INNOVATION GRANT FUNDING THAT PROVIDED A PATHWAY FOR HIGH SCHOOL SENIORS TO ENROLL IN WORKFORCE COURSES AND RECEIVE CREDENTIALS FOR WORK IN CAREERS SUCH AS PHLEBOTOMY, WELDING, PRECISION MACHINERY, HEAVY EQUIPMENT OPERATION, CERTIFIED CLINICAL MEDICAL ASSISTING, AND CERTIFIED MEDICAL ADMINISTRATIVE ASSISTING. SNAP-ON TOOLS FOR THE AVIATION MAINTENANCE TECHNOLOGY PROGRAM. NEW KENNEL CAGES AND EXOTIC ANIMAL EQUIPMENT AND SUPPLIES FOR THE VETERINARY TECHNOLOGY PROGRAM. LUNCH AND TRANSPORTATION EXPENSES FOR EIGHT EXPLORING COLLEGE VISITS FROM AREA MIDDLE SCHOOLS. PURCHASE OF AN INTERNATIONAL CE SERIES BUS FOR THE COMMERCIAL DRIVING PROGRAM. INSTRUCTIONAL MINI-GRANTS IN SUPPORT OF THE BUSINESS/ACCOUNTING, THEATER, AND VETERINARY TECHNOLOGY PROGRAMS. PROFESSIONAL DEVELOPMENT FOR HIGH SCHOOL CAREER COACHES AND VETERINARY TECHNOLOGY FACULTY. ADVENTURE CLUB ACTIVITIES, INCLUDING ICE SKATING, CAVING, BIKING, KAYAKING AND SKYDIVING. 239036 174322 1093139 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 30 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X X THE ORGANIZATION 5404532389 PO BOX 80 WEYERS CAVE VA 24486 ANDREW P VANHOOK CHAIR 0.30 X X 0 0 0 BRET HARRISON VICE CHAIR 0.30 X X 0 0 0 ANASTASIA O TRIPLETT TREASURER 1.50 X X 0 0 0 JOHN A DOWNEY SECRETARY 2.00 X X 0 0 0 KENNETH R BOWARD BOARD MEMBER 0.20 X 0 0 0 PRICE A BOXLEY IV BOARD MEMBER 0.20 X 0 0 0 KAREN C CLARK BOARD MEMBER 0.30 X 0 0 0 KENNETH S CLEVELAND III BOARD MEMBER 0.30 X 0 0 0 CYNTHIA K DIDAWICK BOARD MEMBER 0.20 X 0 0 0 STEVE F ELKINS BOARD MEMBER 0.20 X 0 0 0 DINAH H GOTTSCHALK BOARD MEMBER 0.20 X 0 0 0 DONNA S HAHN BOARD MEMBER 0.20 X 0 0 0 JAMES C HAWKINGS BOARD MEMBER 0.20 X 0 0 0 LARRY LANDES BOARD MEMBER 0.20 X 0 0 0 THOMAS C MENDEZ BOARD MEMBER 0.30 X 0 0 0 DAVID R METZ BOARD MEMBER 0.20 X 0 0 0 PAULA C MOORE-MCCLURE BOARD MEMBER 0.20 X 0 0 0 MARY PAVLOVSKAYA BOARD MEMBER 0.20 X 0 0 0 TASSIE L PIPPERT BOARD MEMBER 0.20 X 0 0 0 JUSTIN T REXRODE BOARD MEMBER 0.20 X 0 0 0 WILLIAM M SAXMAN JR BOARD MEMBER 0.20 X 0 0 0 MATTHIAS N SMITH BOARD MEMBER 0.20 X 0 0 0 COURTNEY THOMPSON BOARD MEMBER 0.20 X 0 0 0 PAMELA K UNGAR BOARD MEMBER 0.30 X 0 0 0 KEITH VANBENSCHOTEN BOARD MEMBER 0.20 X 0 0 0 AMY KIGER EXECUTIVE DIRECTOR 40.00 X 0 98703 36497 0 98703 36497 0 0 0 0 0 54050 1062370 69903 1116420 490581 490581 1336736 1458113 -121377 -121377 -121377 22790 54050 16723 6067 6067 MISC. REVENUE-RELATED-990 900099 -1267 -1267 -1267 1490424 -1267 0 375271 1028425 1028425 16250 16250 63469 63469 31267 25643 2812 2812 39498 6633 18500 14365 4922 2495 2374 53 24985 22855 2130 6634 6634 PROFESSIONAL DEVELOPMEN 6090 4238 45 1807 MEMBERSHIP DUES 4063 2850 558 655 OTHER 51 51 1225654 1093139 112772 19743 435314 231982 126387 69899 230862 0 18996 21416 392205 392205 392205 15351610 17127079 5000 5000 16560374 17847581 822 58783 55510 58783 56332 X 4707266 5375110 11794325 12416139 16501591 17791249 16560374 17847581 264770 1024888 0 X X 0 1 X 1 0 X 1210916 1121552 1020821 912065 1116420 5381774 307007 300585 297225 330308 329065 1564190 1517923 1422137 1318046 1242373 1445485 6945964 878589 6067375 606440 325504 270253 797299 490581 2490077 9436041 0.64300 0.63620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11253621 179809 919884 327028 12026286 11975267 214848 -664365 272129 11253621 9233054 455961 2675778 389526 11975267 9498840 284402 -203992 346196 9233054 8437571 819673 524134 282538 9498840 0.08098 0.69115 0.22787 0 0 392205 392205 392205 GIFT ANNUITY OBLIGATION 55510 55510 2780908 1024888 329065 1353953 1426955 63469 63469 1490424 1491250 329065 329065 1162185 63469 63469 1225654 PART V, LINE 4: INTENDED USE OF ORGANIZATION'S ENDOWMENT FUNDS ARE FOR MAKING GRANTS TO BLUE RIDGE COMMUNITY COLLEGE IN THE AREA OF STUDENT SCHOLARSHIPS, TECHNICAL EDUCATION, WORKFORCE DEVELOPMENT, GENERAL EDUCATION, CULTURAL ENRICHMENT, LIBRARY RESOURCES, PROFESSIONAL DEVELOPMENT AND BUILDING REPAIRS AND MAINTENANCE. PART X, LINE 2: THE FOUNDATION IS A NON-PROFIT ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION'S MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE TO ITS FINANCIAL STATEMENTS. THE FOUNDATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. THE FOUNDATION'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. FRIDAY NITE BITES & AL FRESCO 76840 54050 22790 27 5705 10991 76840 54050 22790 27 5705 10991 16723 6067 1 BLUE RIDGE COMMUNITY COLLEGE ONE COLLEGE LANE WEYERS CAVE VA 24486 541268283 1028425 0 SCHOLARSHIP AWARDS TO BRCC STUDENTS, MINI-GRANTS TO BRCC FACULTY MEMBERS, SALARY REIMBURSEMENT FOR BRCCNURSING FACULTY MEMBERS, PURCHASE OF PROGRAM SUPPLIES PART I, LINE 2: BRCC EDUCATIONAL FOUNDATION WORKS WITH BRCC FINANCIAL AID OFFICE REGARDING STUDENT SCHOLARSHIP AWARDS. BRCC EDUCATIONAL FOUNDATION FINANCE COMMITTEE SELECTS RECIPIENTS FOR FACULTY MINI-GRANTS AND RECEIVES COMPLETION REPORTS BEFORE GRANT FUNDS ARE AWARDED. NURSING FACULTY GRANTS ARE BILLED TO THE BRCC EDUCATIONAL FOUNDATION BY THE BRCC BUSINESS OFFICE. X 3 27833 FMV X BOOKS AND EQUIPMENT 8 42070 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW & COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ANNUAL CONFLICT OF INTEREST STATEMENTS COMPLETED BY THE BOARD MEMBERS ARE REVIEWED ANNUALLY IN ORDER TO MAINTAIN COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN PROCESS FROM THE PRIOR YEAR. BLUE RIDGE COMMUNITY COLLEGE ONE COLLEGE LANE WEYERS CAVE VA 24486 541268283 COST SHARING OF PERSONNEL VA 115 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 BLUE RIDGE COMMUMNITY COLLEGE O 329065 ACTUAL