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
2023-06-01
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
$5,006,881
2023
Total expenses
$4,811,518
2023
Total assets
$15,491,078
2023
Num. employees
0
2023

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 $6 million in scholarships, helping students increase their chances of success. for The 2022 -23 academic year, 130 scholarships were awarded, totaling $549,400. 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, 257 students have received financial support, mentoring, and leadership training through The fellows program. College attainment for parent students (caps)the Virginia Foundation for Community College Education (vfcce) launched a scalable initiative in 2023 to support single parents from low-income backgrounds. The College attainment for parent students (caps) program advances a two-generation, anti-poverty solution that increases employment and income opportunities by providing financial assistance and coaching services to 100 parent students across five colleges. While The pilot program is serving students directly, it is also helping to identify structural challenges that are hindering parent-student success.
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 12.7%. 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 33%.in fy'23, 9,652 students were served by 65 high school career coaches, either on a one-to-one basis, or in small groups. A total of 61,107 high school students have been served by a career coach between july 1, 2014 and june 30, 2023. Thanks to engaged donors, The vfcce provides match funding that is leveraged by local College foundations to support The program.
The great expectations program helps young people who have navigated The foster care system complete high school, gain access and succeed in College, and transition successfully to living independently. Great expectations students have almost tripled The average College graduation rate for foster youth, with 23% of ge students obtaining a College credential compared to only 8% who graduate nationally. Almost 1,612 degrees, diplomas, certificates, and credentials have been awarded to 933 students who have experienced foster care since great expectations' inception in 2008. Approximately 25% of great expectations students graduate with academic honors, and many graduates continue to set their goals and expectations of themselves higher and higher.
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 53,000 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 the Rural Virginia Horseshoe Iniative, Student Emergency and Workforce Programs.$90,295
Eastern Shore Community College FoundationTo Support the Rural Virginia Horseshoe Iniative, Student Emergency and Workforce Programs.$84,005
Southwest Virginia Community College Educational FoundationTo Support the Rural Virginia Horseshoe Iniative, Student Emergency and Workforce Programs.$72,051
...and 17 more grants made

Who funds The Virginia Foundation for Community College Education

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
ECMC FoundationCareer Readiness$583,000
The Mary Morton Parsons FoundationBuild Technology Infrastructure and Digital Assets$250,000
The Richard and Leslie Gilliam FoundationEducation$234,640
...and 16 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 13 more key personnel

Financials for The Virginia Foundation for Community College Education

RevenuesFYE 06/2023
Total grants, contributions, etc.$4,522,874
Program services$0
Investment income and dividends$358,594
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$125,413
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,006,881

Form 990s for The Virginia Foundation for Community College Education

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-13990View PDF
2022-062023-05-12990View PDF
2021-062022-05-13990View PDF
2020-062021-05-26990View PDF
2019-062020-09-29990View PDF
...and 9 more Form 990s

Organizations like The Virginia Foundation for Community College Education

OrganizationLocationRevenue
Camden Education FundCamden, NJ$5,272,310
Aspen Education FoundationAspen, CO$2,090,312
Washington STEMSeattle, WA$13,456,695
University of North Florida FoundationJacksonville, FL$17,199,983
The Santa Monica College FoundationSanta Monica, CA$4,860,408
Henrico Education FoundationHenrico, VA$9,901,546
Eastern Florida State College FoundationCocoa, FL$1,606,676
Granite Education FoundationSalt Lake City, UT$4,364,698
Extra Mile Education FoundationPittsburgh, PA$1,428,956
Aurora Public Schools Education FoundationAurora, CO$2,682,880
Data update history
July 16, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 8, 2024
Received grants
Identified 2 new grant, including a grant for $200,000 from Petters Family Foundation
April 1, 2024
Updated personnel
Identified 7 new personnel
January 2, 2024
Received grants
Identified 8 new grant, including a grant for $583,000 from ECMC Foundation
December 25, 2023
Received grants
Identified 3 new grant, including a grant for $125,000 from Potomac Health Foundation
Nonprofit Types
Grantmaking organizationsSchoolsEducational service providersCharities
Issues
Education
Characteristics
Political advocacyProvides grantsLobbyingState / local levelEndowed supportProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
300 Arboretum Pkwy 200
Richmond, VA 23236
Metro area
Richmond, VA
County
Chesterfield County, 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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