EIN 23-7004354

The Virginia Foundation for Community College Education

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
1969
Most recent tax filings
2022-06-01
NTEE code, primary
Description
The Virginia Foundation supports community colleges, promotes student success and access to education, and raises funds for rural Virginia.
Total revenues
$5,888,244
2022
Total expenses
$3,788,599
2022
Total assets
$14,266,260
2022
Num. employees
0
2022

Program areas at The Virginia Foundation for Community College Education

Since 2006, The Foundation has supported hundreds of students across Virginia's 23 Community colleges through its scholarships and fellowships program. Thanks to our generous partners, The vfcce has awarded more than $5.4 million in scholarships, helping students increase their chances of success. for The 2021-22 academic year, 118 scholarships were awarded totaling $375,000. The prestigious fellows program awards high achieving second year students with full scholarship support to complete associate degrees and develop leadership skills through a cohort model. Since its launch in 2011, 235 students have received mentoring and leadership training through The fellows program.
The rural Virginia horseshoe initiative (rvhi), established in 2014, has been renamed to The gerald l. baliles rural Virginia horseshoe initiative award continuing The mission to raise educational attainment levels for students in rural Virginia. Rvhi provides career coaches in rural high schools to encourage high school and College completion and offers financial incentives and to assist adult learners return to higher Education and training. 14 rural Community colleges are eligible to participate in The program. The program has two 10-year goals. One is to reduce The number of residents of The rural horseshoe region that have not earned a high school diploma by half, from 20% to 10%. Since 2012, that metric has lowered to 13.7%. The other is to double The population in The rural horseshoe with an associate degree or career certification. In 2012, that percentage was 26%. As of this report, that metric is up to 32%. In fy'22, 9,880 students were served by 54 high school career coaches, either on a one-to-one basis, or in small groups. A total of 51,455 high school students have been served by a career coach between july 1, 2014 and june 30, 2022.thanks to engaged donors, The vfcce provides match funding that is leveraged by local College foundations to support The program.
The great expectations program improves The likelihood of College success for Virginia's young people with foster care experience by providing supports needed to access educational opportunities and transition to independence. Great expectations provides campus coaches to help young people who have experienced foster care better transition to and navigate The world of higher Education. Having mentorship support is The critical link in helping these vulnerable youth achieve success in College. Great expectations was launched in 2008 to address The high number of young people aging out of The foster care system. Since then, over 3800 at-risk students have enrolled in College and earned 1,651 degrees, diplomas, or certificates from Virginia's Community colleges and through transfer to four-year institutions. Through The support of passionate donors, vfcce provides great expectations funding to students at all of Virginia's 23 Community colleges. Great expectations' students almost triple The College graduation rate for foster youth with 23% of ge students graduating with a College credential compared to only 8% nationally.
By 2026, The Virginia employment commission expects there to be 2.6 million middle skilled jobs in Virginia jobs that require some training, but not a four-year degree. In 2016, Virginia's general assembly enacted landmark legislation, The new economy workforce credential grant, providing state financial aid for up to 2/3 of The cost for students pursuing approved noncredit workforce development programs that prepare students for high demand careers in targeted industries in The commonwealth. Over 44,000 students have earned credentials in these high demand training programs in industry sectors such as healthcare, skilled trades, transportation and logistics, Education, and information technology. Upon completion, students see average wage gains of 55 percent and gain access to benefits such as employer-paid medical insurance, paid vacation, and sick leave. Although public funds support two-thirds of program costs, oftentimes, particularly for those from underserved communities, The remaining one-third or other non-tuition barriers including transportation, childcare, and equipment costs, serve as a barrier to starting or completing a short-term credential.

Grants made by The Virginia Foundation for Community College Education

GranteeGrant descriptionAmount
Rappahannock Community College Educational FoundationTo Support Hunger Relief, Rural Virginia Horseshoe Initiative and Workforce Programs.$131,900
Patrick Henry Community College FoundationTo Support Hunger Relief, Rural Virginia Horseshoe Initiative and Workforce Programs.$121,767
Southwest Virginia Community College Educational FoundationTo Support Hunger Relief, Rural Virginia Horseshoe Initiative and Workforce Programs.$115,211
...and 17 more grants made

Who funds The Virginia Foundation for Community College Education

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Petters Family FoundationGeneral Support$200,000
The Richard and Leslie Gilliam FoundationEducation$187,200
American Online Giving FoundationGeneral Support$145,490
...and 10 more grants received

Personnel at The Virginia Foundation for Community College Education

NameTitleCompensation
Jennifer GentryExecutive Director$0
Steven JonesDirector of Development
Judy FrederickDirector of Foundation Operations
Anne M. RogersDirector of Community Engagement
Philip H. GoodpastureGeneral Counsel$0
...and 12 more key personnel

Financials for The Virginia Foundation for Community College Education

RevenuesFYE 06/2022
Total grants, contributions, etc.$5,323,467
Program services$0
Investment income and dividends$185,385
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$379,392
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,888,244

Form 990s for The Virginia Foundation for Community College Education

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-12990View PDF
2020-062021-05-26990View PDF
2019-062020-09-29990View PDF
2018-062019-11-08990View PDF
2017-062018-04-10990View PDF
...and 7 more Form 990s
Data update history
June 29, 2023
Updated personnel
Identified 4 new personnel
May 25, 2023
Updated personnel
Identified 3 new personnel
May 13, 2023
Used new vendors
Identified 1 new vendor, including
May 6, 2023
Received grants
Identified 1 new grant, including a grant for $5,000 from Dollar Bank Foundation
August 3, 2022
Received grants
Identified 3 new grant, including a grant for $120,000 from Apple Federal Credit Union Foundation
Nonprofit Types
Grantmaking organizationsSchoolsEducational service providersCharities
Issues
Education
Characteristics
Political advocacyProvides grantsLobbyingFundraising eventsState / local levelEndowed supportProvides scholarshipsTax deductible donationsNo full-time employees
General information
Address
300 Arboretum Pkwy 200
Richmond, VA 23236
Metro area
Richmond, VA
Website URL
vfcce.org/ 
Phone
(804) 819-4962
IRS details
EIN
23-7004354
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1969
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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