2025-05-15T16:10:28-05:00 2024-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR 3RD FLOOR CHRISTIANSBURG VA 24073 990 2023-12-31 521200913 VIRGINIA WESTERN COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC VIRG 5408576020 3093 COLONIAL AVE SW ROANOKE VA 24015 DEBORAH L PETRINE BOARD CHAIR 5408576020 2025-05-15 1 1 MARK WOOLWINE P00647446 5404433606 2025-05-15 2023 2025-03-06 01:10:19Z DEBORAH L PETRINE 3093 COLONIAL AVE SW ROANOKE VA 24015 2414425 0 X WWW.VIRGINIAWESTERN.EDU/FOUNDATION X 1980 VA TO AWARD SCHOLARSHIPS AND GRANTS TO THE STUDENTS OF VIRGINIA WESTERN COMMUNITY COLLEGE, AND TO PROVIDE FUNDING IN SUPPORT OF A VARIETY OF THE COLLEGE'S ACADEMIC AND VOCATIONAL PROGRAMS. 32 31 0 49 0 0 3310731 1721832 0 0 569535 692593 107 0 3880373 2414425 1869922 925511 0 0 25000 0 0 0 49457 760464 670613 2655386 1596124 1224987 818301 31325274 34569671 87381 176325 31237893 34393346 X THE VIRGINIA WESTERN COMMUNITY COLLEGE EDUCATIONAL FOUNDATION, INC., IS AN INDEPENDENT NOT-FOR-PROFIT FOUNDATION DEDICATED TO ENHANCING COMMUNITY AWARENESS OF THE COLLEGE; SECURING PRIVATE AND PUBLIC FUNDS FOR STUDENT SCHOLARSHIPS, FACULTY DEVELOPMENT AND CAPITAL PROJECTS; AND PROVIDING PRUDENT FISCAL MANAGEMENT OF MONIES AND PROPERTIES SUBMITTED TO THE FOUNDATION. 0 0 1187956 925511 0 PROVIDE SCHOLARSHIPS, GRANTS, AND PROGRAM SUPPORT TO STUDENTS, FACULTY, AND ACADEMIC DEPARTMENTS OF VIRGINIA WESTERN COMMUNITY COLLEGE. THE FOUNDATION ADMINISTERS APPROXIMATELY 84 ENDOWED AND 83 NON-ENDOWED SCHOLARSHIP GRANT FUNDS. THE EXPENSE TOTALS DO NOT INCLUDE THE VALUE OF DONATED STAFF OF $211,527 AND DONATED FACILITIES OF $10,841. 1187956 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 32 31 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X CAROLE TARRANT 5408576281 3093 COLONIAL AVE SW ROANOKE VA 24015 DR ROBERT H SANDEL COLLEGE PRESIDENT 4.00 40.00 X 0 0 0 DEBORAH L PETRINE BOARD CHAIR 1.00 X X 0 0 0 RUSS ELLETT BOARD VICE CHAIR 1.00 X X 0 0 0 CHRIS CAREY TREASURER 1.00 X X 0 0 0 TAMMY MOSS FINLEY SECRETARY 1.00 X X 0 0 0 WILLIAM J FARRELL II IMMEDIATE PAST CHAIRMAN 1.00 X 0 0 0 BARTON J WILNER COMMITTEE CHAIR 1.00 X 0 0 0 J DAVID WINE COMMITTEE CHAIR 1.00 X 0 0 0 W HEYWOOD FRALIN COMMITTEE CHAIR 1.00 X 0 0 0 EDWIN C HALL COMMITTEE CHAIR 1.00 X 0 0 0 NICHOLAS F TAUBMAN EX-OFFICIO 1.00 X 0 0 0 KENNETH J BELTON AT LARGE MEMBER 1.00 X 0 0 0 ABNEY S BOXLEY III AT LARGE MEMBER 1.00 X 0 0 0 NICHOLAS C CONTE AT LARGE MEMBER 1.00 X 0 0 0 DAVID DANTZLER AT LARGE MEMBER 1.00 X 0 0 0 CHRISTOPHER DESIMONE ESQ AT LARGE MEMBER 1.00 X 0 0 0 SCOTT GRAEFF AT LARGE MEMBER 1.00 X 0 0 0 LEON P HARRIS AT LARGE MEMBER 1.00 X 0 0 0 JOSEPH HOFF AT LARGE MEMBER 1.00 X 0 0 0 FREDERICK JAMES JR AT LARGE MEMBER 1.00 X 0 0 0 STEPHEN LEMON AT LARGE MEMBER 1.00 X 0 0 0 GEORGE W LOGAN AT LARGE MEMBER 1.00 X 0 0 0 MARK R PACE AT LARGE MEMBER 1.00 X 0 0 0 ANDREW J PARKER AT LARGE MEMBER 1.00 X 0 0 0 KIRTESH D PATEL AT LARGE MEMBER 1.00 X 0 0 0 J KENNETH RANDOLPH AT LARGE MEMBER 1.00 X 0 0 0 KATHERIN ELAM AT LARGE MEMBER 1.00 X 0 0 0 NEIL D WILKIN JR AT LARGE MEMBER 1.00 X 0 0 0 DR CRAIG RAMEY AT LARGE MEMBER 1.00 X 0 0 0 MR JOHN DLUGAR AT LARGE MEMBER 1.00 X 0 0 0 MR JAMAL MILNER AT LARGE MEMBER 1.00 X 0 0 0 MS ANGELA S PENN AT LARGE MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1721832 1721832 274010 274010 418583 0 418583 418583 418583 2414425 0 0 692593 925511 925511 2715 2715 48318 48318 49352 49352 34562 34562 17815 8617 9198 36614 23825 7092 5697 739 739 4849 4849 MISCELLANEOUS OTHER EXP 213441 117199 96242 REIMBURSEMENT OF SALARI 140787 140787 GRANT EXPENDITURES 62108 62108 PROGRAM SUPPORT 59313 59313 1596124 1187956 358711 49457 335301 117826 372739 1049239 36158 20905 89785 89785 0 0 30491827 33296785 89249 84916 31325274 34569671 87381 176325 87381 176325 X 3374801 3515922 27863092 30877424 31237893 34393346 31325274 34569671 818301 2337152 0 X X 0 1 X 1 0 X X 1 VIRGINIA WESTERN COMMUNITY COLLEGE 541268273 6 1 3510 0 1 3510 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION D, LINE 3 DR. ROBERT H. SANDEL IS THE PRESDIENT OF VIRGINIA WESTERN COMMUNITY COLLEGE AND ALSO SERVES ON THE FOUNDATION'S BOARD OF DIRECTORS. PART IV, SECTION E LINE 1C THE FOUNDATION PROVIDES GRANTS, PROGRAM SUPPORT, AND SCHOLARSHIPS TO QUALIFYING STUDENTS ATTENDING VIRGINIA WESTERN COMMUNITY COLLEGE. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25241009 1402937 2599268 220002 241312 28781900 19637100 2138029 4034280 397065 -116135 287470 25241009 23459041 609269 -3577929 467068 386213 19637100 20467654 341129 3340030 378530 311242 23459041 17629709 322680 3185272 280058 389949 20467654 0.02710 0.40810 0.56480 0 0 89785 89785 0 0 X 4777962 2337152 222368 -195983 2363537 2414425 0 2414425 1622509 222368 222368 1400141 195983 195983 1596124 PART V, LINE 4: ENDOWMENT FUNDS ARE USED AS SCHOLARSHIP FUNDS AS DESCRIBED IN POLICY MANUAL. PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CONSEQUENTLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE FINANCIAL STATEMENTS. THE FEDERAL FORM 990 INFORMATION RETURNS OF THE FOUNDATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT -195,983. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT 195,983. 1 SCHOLARSHIPS 637 917828 STUDENT EMERGENCY AND BOOK FUNDS 24 7683 PART I, LINE 2: COMMITTEES OF THE BOARD OF DIRECTORS EVALUATE GRANT PROPOSALS AND SCHOLARSHIP APPLICATIONS BASED ON CRITERIA ESTABLISHED FOR EACH GRANT OR SCHOLARSHIP. GRANTEES REPORT ACCOMPLISHMENTS TO THE FOUNDATION. FOR SCHOLARSHIPS, THE FUNDS ARE ISSUED ONLY TO THE EDUCATIONAL INSTITUTION AFTER THE STUDENT'S MATRICULATION HAS BEEN VERIFIED. FORM 990, PART VI, SECTION B, LINE 11B UPON REVIEW AND ACCEPTANCE OF THE 990 BY EDUCATIONAL FOUNDATION STAFF, THE DOCUMENT WILL BE SENT TO THE ENTIRE MEMBERSHIP OF THE EDUCATIONAL FOUNDATION BOARD OF DIRECTORS BY EMAIL FOR APPROVAL. THE VOTE WILL BE RATIFIED BY THE ENTIRE BOARD OF DIRECTORS AT THE NEXT MEETING. ADDITIONALLY, THE EDUCATION FOUNDATION WILL SEND A DRAFT COPY OF THE 990 TO THE FINANCE AND AUDIT COMMITTEE PRIOR TO SUBMITTING THE RETURN FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER SIGNS A CONFLICT OF INTEREST POLICY UPON ELECTION TO THE BOARD OF DIRECTORS, THE STAFF MONITORS ANY POTENTIAL CONFLICT OF INTEREST MATTERS. FORM 990, PART VI, SECTION B, LINE 15 ALL INDIVIDUALS WHO SERVE THE FOUNDATION ARE EMPLOYEES OF VIRGINIA WESTERN COMMUNITY COLLEGE. THE INDIVIDUALS ARE HIRED THROUGH THE COLLEGE'S HUMAN RESOURCES PROCESS AND ARE PAID BY STATE FUNDS AS A COLLEGE EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. THE VIRGINIA WESTERN EDUCATIONAL FOUNDATION POLICY MANUAL AND PUBLIC INSPECTION MANUAL ARE MAINTAINED IN THE EDUCATION FOUNDATION OFFICE. PART XII, LINE 2C NO CHANGES HAVE OCCURED IN THIS PROCESS DURING THE CURRENT YEAR. VIRGINIA WESTERN COMMUNITY COLLEGE REAL ESTATE FOUNDATION LLC 3093 COLONIAL AVE SW ROANOKE VA 24015 521200913 ACQUISITION, OWNERSHIP, OPERATION, AND TRANSFER OF REAL PROPERTY VA N/A VIRGINIA WESTERN COMMUNITY COLLEGE 3093 COLONIAL AVE SW ROANOKE VA 24015 241268273 STATE COMMUNITY COLLEGE VA 115 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 VIRGINIA WESTERN COMMUNITY COLLEGE O 211527 FAIR MARKET VALUE VIRGINIA WESTERN COMMUNITY COLLEGE J 10841 FAIR MARKET VALUE