2025-11-07T09:40:07-06:00 2024-12-31 541967771 CAVANAUGH NELSON PLC 999 WATERSIDE DRIVE SUITE 2250 NORFOLK VA 23510 990 2024-01-01 203950078 TIDEWATER COMMUNITY COLLEGE REAL ESTATE FOUNDATION INC TIDE 7578221719 121 COLLEGE PLACE 5TH FLOOR 510 NORFOLK VA 23510 PHILIP H PAGE JR DIRECTOR 7578221719 2025-11-07 1 0 MARK A NELSON P00358004 7575784900 2024 2025-03-06 01:10:19Z PHILIP H PAGE JR 121 COLLEGE PLACE 5TH FLOOR 510 NORFOLK VA 23510 2988599 0 X N/A X 2006 VA TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF TIDEWATER COMMUNITY COLLEGE. 17 16 0 0 0 0 65788 241414 577035 784384 202626 346235 911897 797019 1757346 2169052 0 0 0 0 0 0 0 0 0 1048071 1052981 1048071 1052981 709275 1116071 23075065 23942380 10500516 9928464 12574549 14013916 TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF TIDEWATER COMMUNITY COLLEGE. 0 0 951765 784384 MATTERS PERTAINING TO REAL ESTATE PROPERTY FOR THE BENEFIT OF TIDEWATER COMMUNITY COLLEGE. 951765 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 VA X TIDEWATER COMMUNITY COLLEGE 7578221548 121 COLLEGE PLACE 5TH FLOOR STE 510 NORFOLK VA 23510 MARCIA CONSTON TCC PRESIDENT 1.00 40.00 X 0 311243 72866 CHRISTOPHER HARVEY VICE CHAIR 1.00 X X 0 0 0 PRESCOTT SHERROD CHAIR 1.00 X X 0 0 0 JIM SPORE SECRETARY 1.00 X X 0 0 0 GORDON PARKER TREASURER 1.00 X X 0 0 0 JEFF AINSLIE DIRECTOR 1.00 X 0 0 0 ALLISON DUNLEAVY DIRECTOR 1.00 X 0 0 0 JOHN D PADGETT DIRECTOR 1.00 X 0 0 0 JANE SHORT DIRECTOR 1.00 X 0 0 0 DANIEL SPEIGHT DIRECTOR 1.00 X 0 0 0 STEVEN C WRIGHT DIRECTOR 1.00 X 0 0 0 JOHN ROWE TCC EDUCATION FOUNDATION D 1.00 X 0 0 0 KIRK HOUSTON TCC COLLEGE BOARD DESIGNEE 1.00 X 0 0 0 LEE B ARMISTEAD DIRECTOR 1.00 X 0 0 0 DORCAS HELFANT-BROWING DIRECTOR 1.00 X 0 0 0 BURRELL F SAUNDERS DIRECTOR 1.00 X 0 0 0 CLYDE CLARK DIRECTOR 1.00 X 0 0 0 JAKE MARSHALL DIRECTOR 1.00 X 0 0 0 ANN LEE BAMFORTH DIRECTOR 1.00 X 0 0 0 PHILIP PAGE JR TCC REAL ESTATE FOUNDATION 40.00 X 0 131194 43890 0 442437 116756 0 0 1 0 PG HARRIS CONSTRUCTION CO 3204 CHURCHLAND BLVD CHESAPEAKE VA 23321 BUILDING RENOVATION AND DESIGN 1243701 1 241414 241414 RENTAL INCOME 531120 784384 784384 784384 198988 198988 966794 819547 147247 147247 147247 GAIN ON UTILITY EASEMENT 900099 797019 797019 797019 2169052 784384 0 1143254 66021 43789 22232 35461 35461 24058 24058 65492 52680 12812 305892 305892 380272 380272 28975 25373 3602 OTHER 146195 143144 3051 REPAIRS & MAINTENANCE 615 615 1052981 951765 101216 0 X 251585 788907 15000 28639 29477 19647879 2815625 15865056 16832254 5966785 6276742 963000 0 23075065 23942380 240702 39528 379810 333810 9880004 9555126 10500516 9928464 X 12574549 14013916 12574549 14013916 23075065 23942380 1116071 323296 0 X X 0 1 X 1 0 X X 1 TIDEWATER COMMUNITY COLLEGE 541268286 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X PART IV, SECTION E, LINE 1C 1) THE FOUNDATION SUPPORTS TIDEWATER COMMUNITY COLLEGE (TCC), A GOVERNMENTAL ENTITY BY PROVIDING TCC THE USE OF FACILITIES AND LAND AT THE FOUNDATION'S PROPERTY IN SUFFOLK AT THE ANNUAL COST OF EXPENSES TO THE FOUNDATION. THE FOUNDATION PROVIDES TCC WITH OFFICE SPACE IN PROPERTY OWNED BY THE FOUNDATION AT TCCREF'S COST (E G, CONDOMINIUM FEE, PROPERTY TAX, & INSURANCE). THE FOUNDATION HAS ALSO MADE RENOVATIONS TO PROPERTY OWNED BY THE FOUNDATION TO BE USED BY THE COLLEGE FOR ACADEMIC CLASSES. PART IV, SECTION D, LINE 3 THE PRESIDENT OF TIDEWATER COMMUNITY COLLEGE IS AN APPOINTED MEMBER TO THE BOARD OF THE FOUNDATION. THE PRESIDENT IS AN ACTIVE MEMBER OF THE BOARD AND HAS A SIGNIFICANT VOICE IN THE FOUNDATION'S INVESTMENT POLICIES AND IN DIRECTING THE USE OF THE FOUNDATION'S INCOME OR ASSETS AT ALL TIMES DURING THE YEAR. 1106545 1106545 15352485 2815625 12536860 3188849 3188849 16832254 X 2749601 323296 281311 604607 2144994 24058 24058 2169052 1310234 281311 281311 1028923 24058 24058 1052981 PART X, LINE 2: THE TCC REAL ESTATE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501 (C) (3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THE TCC REAL ESTATE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AS OF DECEMBER 31, 2024. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE TCC REAL ESTATE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2024 AND 2023. 0 0 0 0 0 0 0 0 0 MARCIA CONSTON TCC PRESIDENT 0 280538 0 0 0 30705 0 58672 0 14194 0 384109 0 0 PHILIP PAGE JR TCC REAL ESTATE FOUNDATION 0 130609 0 0 0 585 0 17579 0 26311 0 175084 0 0 X PERSONNEL SERVICES 1 281311 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY FINANCIAL SERVICES AND THE EXECUTIVE DIRECTOR PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS ARE REQUIRED TO CERTIFY ANNUALLY THAT EACH HAS REVIEWED THE PROVISIONS. IN THE EVENT OF A CONFLICT, THE DIRECTOR OR OFFICER WILL REFRAIN FROM CONSIDERATION OF THE PROPOSED TRANSACTION. DIRECTORS OR OFFICERS WITH CONFLICTS SHOULD NOT VOTE ON THE TRANSACTION, PARTICIPATE IN THE DISCUSSION REGARDING THE TRANSACTION, OR BE PRESENT AT THE TIME OF THE VOTE, UNLESS EXPRESSLY REQUESTED TO REMAIN. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION MAKES GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 15 A: THE FOUNDATION HAS NO FULL-TIME EMPLOYEES. ALL PERSONNEL IN SUPPORT OF THE FOUNDATION ARE EMPLOYEES OF THE TIDEWATER COMMUNITY COLLEGE, A RELATED ORGANIZATION, AND ARE SUBJECT TO THE COMPENSATION POLICIES OF THE COLLEGE. THE COLLEGE REVIEWS THE COMPENSATION OF ITS KEY EMPLOYEES ON AN ANNUAL BASIS TO ENSURE THAT COMPENSATION IS REASONABLE. FORM 990, PART X, LINE 15 LAND EASEMENT: DURING THE YEAR ENDED DECEMBER 31,2023, THE HAMPTON ROADS SANITATION DISTRICT (HRSD) DIRECTED TO BE TAKEN APPROXIMATELY 5.24 ACRES OF LAND IN SUFFOLK, VIRGINIA OWNED BY THE TCC REAL ESTATE FOUNDATION FOR THE PERMANENT AND PERPETUAL PRIVILEGE AND RIGHT TO ACCESS AND USE, CONSTRUCT, OPERATE AND MAINTAIN WASTEWATER MAINS ON THE PROPERTY (THE "UTILITY EASEMENT"). THE TCC REAL ESTATE FOUNDATION RECORDED A GAIN ON SALE OF EASEMENT OF $797,019 FOR THE YEAR ENDED DECEMBER 31, 2024. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. TIDEWATER COMMUNITY COLLEGE 121 COLLEGE PLACE NORFOLK VA 23510 511268286 EDUCATION VA GOVERNMENT 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 TIDEWATER COMMUNITY COLLEGE J 784384 FAIR MARKET VALUE TIDEWATER COMMUNITY COLLEGE O 281311 FAIR MARKET VALUE