2024-11-12T14:33:47-06:00 2023-12-31 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR NE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2023-01-01 541547596 MOUNTAIN GATEWAY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC MOUN 5408632837 1000 COLLEGE DRIVE CLIFTON FORGE VA 244223310 AMY PHILLIPS EXECUTIVE DIRECTOR 5408632837 2024-11-12 1 1 MARK WOOLWINE P00647446 5404433606 2024-11-12 2023 2024-10-15 13:58:12Z AMY PHILLIPS 1000 COLLEGE DRIVE CLIFTON FORGE VA 244223310 1023984 0 X WWW.MGCC.EDU/FOUNDATION X 1980 VA TO SUPPORT MOUNTAIN GATEWAY COMMUNITY COLLEGE BY HELPING TO PROVIDE AN ACCESSIBLE, QUALITY EDUCATION FOR STUDENTS IN THE SERVICE AREA OF THE COMMUNITY COLLEGE, WHILE ALSO PROVIDING FACULTY GRANTS AND PURCHASING NEW EQUIPMENT AND TECHNOLOGY FOR CLASSROOM USE. 21 19 0 21 0 0 971413 235127 0 0 235005 200658 0 -2174 1206418 433611 535262 366397 0 0 180469 0 0 0 40957 82963 297748 798694 664145 407724 -230534 8824532 9295899 143354 48550 8681178 9247349 TO SUPPORT MOUNTAIN GATEWAY COMMUNITY COLLEGE BY HELPING TO PROVIDE AN ACCESSIBLE, QUALITY EDUCATION FOR STUDENTS IN THE SERVICE AREA OF THE COMMUNITY COLLEGE, WHILE ALSO PROVIDING FACULTY GRANTS AND PURCHASING NEW EQUIPMENT AND TECHNOLOGY FOR CLASSROOM USE. 0 0 509548 366397 2514 PROVIDE SCHOLARSHIPS, GRANTS AND PROGRAM SUPPORT TO STUDENTS, FACULTY AND ACADEMIC DEPARTMENTS OF MOUNTAIN GATEWAY COMMUNITY COLLEGE. THE FOUNDATION ADMINISTERS APPROXIMATELY 85 ENDOWED AND NON-ENDOWED SCHOLARSHIP AND GRANT FUNDS. THE EXPENSE TOTALS DO NO INCLUDE THE VALUE OF DONATED FACILITIES (21,930). 509548 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 21 19 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X THE ORGANIZATION 5408632837 1000 COLLEGE DRIVE CLIFTON FORGE VA 244223310 DR JOHN RAINONE BOARD SECRETARY/COLLEGE PRESIDENT 1.00 40.00 X X 0 186403 21916 JOHN STONE PRESIDENT 2.00 X X 0 0 0 LOIS SWITZER 1ST VICE PRESIDENT 1.00 X X 0 0 0 DONNA BEIRNE 2ND VICE PRESIDENT 1.00 X X 0 0 0 KATHY BRYANT TREASURER 1.00 X X 0 0 0 NICK MOGA PAST PRESIDENT 1.00 X 0 0 0 MARGARET BURKS BOARD MEMBER 1.00 X 0 0 0 TAMMY SCRUGGS DUNCAN BOARD MEMBER 1.00 X 0 0 0 SUSAN FRISKI BOARD MEMBER 1.00 X 0 0 0 JULIE GOYETTE BOARD MEMBER 1.00 X 0 0 0 NICOLE GUMM-GROSECLOSE BOARD MEMBER 1.00 X 0 0 0 REBECCA JOHNSON BOARD MEMBER 1.00 X 0 0 0 HELEN E KOSTEL BOARD MEMBER 1.00 X 0 0 0 JEFFREY LINGERFELT BOARD MEMBER 1.00 X 0 0 0 RAY LIPES BOARD MEMBER 1.00 X 0 0 0 PAMELA MADISON BOARD MEMBER 1.00 X 0 0 0 ELAINE NELSON BOARD MEMBER 1.00 X 0 0 0 DONNA VAUGHN BOARD MEMBER 1.00 X 0 0 0 STEVE VAUGHN BOARD MEMBER 1.00 X 0 0 0 DEBORAH WEDDLE BOARD MEMBER 1.00 X 0 0 0 WILLIAM T WILSON BOARD MEMBER 1.00 X 0 0 0 AMY PHILLIPS EXECUTIVE DIRECTOR 26.00 14.00 X 0 70544 28212 0 256947 50128 0 0 1 0 0 26300 208827 235127 289420 289420 493358 582120 -88762 -88762 -88762 3565 26300 8253 -4688 -4688 OTHER INCOME 900099 2514 2514 2514 433611 2514 0 195970 186958 186958 179439 179439 195139 126840 29271 39028 30500 30500 32986 32986 15000 15000 1634 810 824 2169 1131 1038 1090 1090 DUES AND SUBSCRIPTIONS 9560 9560 SOFTWARE EXPENSES 6751 6751 OTHER EXPENSES 2919 2852 67 664145 509548 113640 40957 539680 246284 518062 335484 5345 5345 0 0 7736598 8683938 30192 30193 8824532 9295899 143354 48550 143354 48550 X 1389310 989011 7291868 8258338 8681178 9247349 8824532 9295899 -230534 796705 0 X X 0 1 X 1 0 X 519214 355480 270812 971413 235127 2352046 12692 18896 18896 18896 21930 91310 531906 374376 289708 990309 257057 2443356 2443356 262179 244738 238621 244792 289420 1279750 3723106 0.65630 0.69860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6940771 21895 1038639 160615 192871 7647819 7765504 104269 -556908 153559 218535 6940771 7146341 44115 871105 103214 192843 7765504 7096139 139756 167195 121383 135366 7146341 6212737 66220 1043311 107979 118150 7096139 0.05000 0.60000 0.35000 0 0 5345 5345 0 0 OTHER LIABILITIES 48550 48550 1219260 796705 21930 818635 400625 32986 32986 433611 653089 21930 21930 631159 32986 32986 664145 PART V, LINE 4: ENDOWMENT FUNDS ARE RESTRICTED TO PROVIDING SCHOLARSHIPS, FACULTY GRANTS AND EQUIPMENT FOR ACADEMIC PURPOSES. BUBBLES, BANDS AND BRUNCH 29865 26300 3565 4429 850 2974 29865 26300 3565 4429 850 2974 8253 -4688 0 MOUNTAIN GATEWAY COMMUNITY COLLEGE PO BOX 1000 CLIFTON FORGE VA 24422 541268274 115 186958 0 SUPPORT MGCC PROGRAM SCHOLARSHIPS 108 168775 STUDENT EMERGENCY PAYMENT 100 10664 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 AND EXPENDITURE OF GRANT FUNDS TO THE FOUNDATION. FOR SCHOLARSHIPS, THE FUNDS ARE ISSUED ONLY TO THE EDUCATIONAL INSTITUTION AFTER THE STUDENT'S MATRICULATION HAS BEEN VERIFIED. THE COMMITTEE ALSO ESTABLISHED PROCEDURES FOR STUDENTS TO REQUEST EMERGENCY ASSISTANCE WITH LIVING EXPENSES SUCH AS RENT, UTILITIES AND MEAL ASSISTANCE IN ORDER FOR THE STUDENT TO CONTINUE ATTENDING MGCC. 0 0 0 0 0 0 0 0 0 DR JOHN RAINONE BOARD SECRETARY/COLLEGE PRESIDENT 0 186403 0 0 0 0 0 0 0 21916 0 208319 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PROVIDED TO THE EXECUTIVE DIRECTOR AND TO THE MEMBERS OF THE FOUNDATION'S FINANCE AND EXECUTIVE COMMITTEES FOR REVIEW. THE EXECUTIVE DIRECTOR HAS THE DELEGATED AUTHORITY FROM THE BOARD OF DIRECTORS TO SIGN AND FILE THE 990 AFTER THE REVIEW PROCESS. FORM 990, PART VI, SECTION B, LINE 12C PERIODIC REVIEWS BY THE FINANCE AND INVESTMENT COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. ALSO, THE VIRGINIA COMMUNITY COLLEGE SYSTEM MAKES THE INFORMATION ACCESSIBLE ON ITS WEBSITE. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE PROCESS FROM THE PRIOR YEAR. MOUNTAIN GATEWAY COMMUNITY COLLEGE PO BOX 1000 CLIFTON FORGE VA 24422 541268274 VA 115 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 MOUNTAIN GATEWAY COMMUNITY COLLEGE B 186958 AMOUNT PAID MOUNTAIN GATEWAY COMMUNITY COLLEGE P 195138 WAGES AND BENEFITS REIMBURSED