2024-12-10T08:22:38-06:00 2024-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1909 FINANCIAL DRIVE HARRISONBURG VA 22801 990 2023-07-01 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 2024-11-25 1 1 JAMES R FRIES P01320612 5404346736 2024-11-01 2023 2024-10-15 13:58:12Z ANASTASIA O TRIPLETT PO BOX 80 WEYERS CAVE VA 24486 6236954 0 X 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 1116420 1278363 0 0 369204 718205 4800 4349 1490424 2000917 1028425 1187487 0 0 0 0 0 0 20863 197229 204722 1225654 1392209 264770 608708 17847581 19657706 56332 60205 17791249 19597501 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 513929 513929 DURING THE 2023-24 ACADEMIC YEAR, THE FOUNDATION PROVIDED 134 NAMED SCHOLARSHIP AWARDS TOTALING $513,929 TO 427 DESERVING 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. THESE SCHOLARSHIPS WERE PROVIDED TO STUDENTS IN BOTH CREDIT AND NON-CREDIT PROGRAMS. AMONG THEM WERE AWARDS FOR PARTICIPANTS IN BLUE RIDGE PROMISE, A BRIDGE PROGRAM FOR HIGH SCHOOL SENIORS INTERESTED IN ATTENDING BRCC AFTER GRADUATION. IN ADDITION, SCHOLARSHIPS WERE AWARDED TO HIGH SCHOOL SENIORS THAT PROVIDED A PATHWAY TO ENROLL IN WORKFORCE COURSES AND RECEIVE CREDENTIALS IN CAREERS SUCH AS PHLEBOTOMY, WELDING, COMMERCIAL DRIVING, FORKLIFT OPERATION, CERTIFIED CLINICAL MEDICAL ASSISTING, AND EKG TECH. EVERY ONE OF THESE SCHOLARSHIP AWARDS GAVE 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. 308969 308969 THE FOUNDATION PAID $308,969 FOR EQUIPMENT AND FACILITY-ENHANCING FURNISHINGS FOR VARIOUS PROGRAMS AND AREAS ACROSS CAMPUS, WHICH INCLUDED THE FOLLOWING: PURCHASED EQUIPMENT TO HELP LAUNCH A NEW PHARMACY TECHNICIAN PROGRAM TO ADDRESS EMPLOYMENT SHORTAGES AT LOCAL PHARMACIES MADE IMPROVEMENTS TO THE DOG AND CAT KENNEL ROOMS FOR VETERINARY TECHNOLOGY PURCHASED A SIDE-BY-SIDE UTILITY VEHICLE FOR THE BUILDINGS AND GROUNDS DEPARTMENT UPGRADED TECHNOLOGY TO KEEP THE BLACK BOX THEATER IN THE FINE ARTS CENTER STATE-OF-THE-ART PURCHASED FURNISHINGS TO CREATE WELCOMING AND PRODUCTIVE SPACES FOR STUDENTS AND COMMUNITY MEMBERS TO GATHER FOR STUDY AND NETWORKING OPPORTUNITIES 221436 221436 THE FOUNDATION PROVIDED SALARY REIMBURSEMENTS IN THE AMOUNT OF $221,436 TO THE COLLEGE IN SUPPORT OF AN AGRICULTURE ADMISSIONS ADVISOR POSITION, THE EMERGENCY MEDICAL SERVICES PROGRAM, CAREER COACHES IN 12 PUBLIC HIGH SCHOOLS IN OUR SERVICE REGION, NURSING FACULTY AND HEALTHCARE-RELATED WORKFORCE CERTIFICATE PROGRAMS. 198036 143153 OTHER PROGRAM SERVICES INCLUDED, BUT WERE NOT LIMITED TO: PROVIDING MEANINGFUL EMERGENCY FINANCIAL ASSISTANCE FOR STUDENTS IN NEED UNDERWROTE 10 INSTRUCTIONAL MINI-GRANTS THAT ENHANCE FACULTY EFFECTIVENESS IN THE CLASSROOM SUPPORT FOR THE JOBSTARTER ADVANCED MANUFACTURING TRAINING PROGRAM IN PARTNERSHIP WITH AREA MANUFACTURING COMPANIES 198036 143153 1242370 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 55 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 0.30 X 0 0 0 PRICE A BOXLEY IV BOARD MEMBER 0.20 X 0 0 0 KELLY R S BLOSSER BOARD MEMBER 0.20 X 0 0 0 CRYSTAL L FARMER BOARD MEMBER 0.20 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 0.30 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 0.30 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 CATHERINE H HUGHES BOARD MEMBER 0.20 X 0 0 0 HOLLY M RASHEED BOARD MEMBER 0.20 X 0 0 0 COURTNEY THOMPSON BOARD MEMBER 0.20 X 0 0 0 B RANDOLPH ROLLER BOARD MEMBER 0.20 X 0 0 0 KEITH VANBENSCHOTEN BOARD MEMBER 0.20 X 0 0 0 AMY KIGER EXECUTIVE DIRECTOR 40.00 X 0 103247 30261 0 103247 30261 0 0 0 0 0 54223 1224140 63559 1278363 555019 555019 4381161 4217975 163186 163186 163186 23606 54223 18062 5544 5544 MISC. REVENUE-RELATED-990 900099 -1195 -1195 -1195 2000917 -1195 0 723749 1187487 1187487 17868 17868 69251 69251 17894 14432 1731 1731 54434 12514 27318 14602 5324 3850 1210 264 19989 17589 2400 6271 6271 PROFESSIONAL DEVELOPMEN 9442 3309 2197 3936 MEMBERSHIP DUES 4249 3189 730 330 1392209 1242370 128976 20863 231982 315239 69899 22974 21416 9013 392205 392205 392205 17127079 18913275 5000 5000 17847581 19657706 822 8040 55510 52165 56332 60205 X 5375110 6312632 12416139 13284869 17791249 19597501 17847581 19657706 608708 1197544 0 X X 0 1 X 1 0 X 1121552 1020821 912065 1116420 1278363 5449221 300585 297225 330308 329065 342926 1600109 1422137 1318046 1242373 1445485 1621289 7049330 402153 6647177 325504 270253 797299 490581 555019 2438656 9487986 0.70060 0.64300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12026286 177474 1266570 440629 13029701 11253621 179809 919884 327028 12026286 11975267 214848 -664365 272129 11253621 9233054 455961 2675778 389526 11975267 9498840 284402 -203992 346196 9233054 0.08448 0.65663 0.25889 0 0 392205 392205 392205 GIFT ANNUITY OBLIGATION 52165 52165 3472136 1197544 342926 1540470 1931666 69251 69251 2000917 1665884 342926 342926 1322958 69251 69251 1392209 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. SPRING FUNDRAISER 77829 54223 23606 6095 7424 4543 77829 54223 23606 6095 7424 4543 18062 5544 1 BLUE RIDGE COMMUNITY COLLEGE ONE COLLEGE LANE WEYERS CAVE VA 24486 541268283 1187487 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 9 62644 FMV X ITEMS FOR SPRING FUNDRAISER 3 705 X EQUIPMENT 2 210 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 342926 ACTUAL