2024-05-09T08:06:01-05:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR NE 3RD FLOOR CHRISTIANSBURG VA 24073 990 2022-07-01 541213521 DANVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC DANV 4347978495 1008 SOUTH MAIN STREET DANVILLE VA 24541 SHANNON HAIR VP OF INSTITUTIONAL ADV. & DEV. 4347978495 2024-05-07 1 SHANNON HAIR 999009999 0 MARK WOOLWINE P00647446 5404433606 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z SHANNON HAIR 1008 SOUTH MAIN STREET DANVILLE VA 24541 1107968 0 X N/A X 1982 VA PROVIDING EDUCATIONAL ASSISTANCE TO STUDENTS OF DANVILLE COMMUNITY COLLEGE. 23 23 0 22 0 0 1311251 663630 0 0 617207 134198 43498 -29148 1971956 768680 636910 816331 0 0 0 0 0 0 91796 299858 325423 936768 1141754 1035188 -373074 13887652 14827579 21655 74991 13865997 14752588 X THE DCC EDUCATIONAL FOUNDATION WAS ESTABLISHED TO ENHANCE THE ACADEMIC EXCELLENCE OF DANVILLE COMMUNITY COLLEGE AND TO IMPROVE THE COLLEGE'S ABILITY TO SERVE THE CITIZENS OF OUR AREA IN ACCORDANCE WITH THE COLLEGE'S MISSION. OBJECTIVES OF THE FOUNDATION INCLUDE: AWARDING STUDENT SCHOLARSHIPS, PROVIDING PROFESSIONAL DEVELOPMENT FOR FACULTY AND STAFF, ENSURING THAT INSTRUCTIONAL EQUIPMENT KEEPS PACE WITH TECHNOLOGICAL CHANGES, STRENGTHENING THE ACADEMIC PROGRAMS, AND ENCOURAGING CULTURAL ACTIVITIES. 0 0 371578 371578 DANVILLE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION PROVIDES SCHOLARSHIP FUNDING TO DCC STUDENTS AND GRADUATION SCHOLARSHIPS FOR DCC STUDENTS WHO ATTEND FOUR-YEAR INSTITUTIONS UPON THEIR GRADUATION FROM DCC. 444753 444753 THE DCC EDUCATIONAL FOUNDATION IS ALSO RESPONSIBLE FOR THE PROMOTION OF FACULTY AND STAFF PROFESSIONAL DEVELOPMENT THROUGH FUNDING OPPORTUNITIES AND HAS PROVIDED FUNDING TO STRENGTHEN ACADEMIC PROGRAMS AND ENCOURAGE CULTURAL ACTIVITIES. FUNDING PROVIDED BY THE FOUNDATION HAS BEEN VITAL IN THE CONSTRUCTION OF NEW FACILITIES AND THE PURCHASE OF NEW STATE-OF-THE-ART EQUIPMENT TO KEEP PACE WITH TECHNOLOGICAL CHANGES. 816331 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 35 0 1 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 VA X THE ORGANIZATION 4347978495 1008 SOUTH MAIN STREET DANVILLE VA 24541 ELIZABETH SPAINHOUR SECRETARY 1.00 X X 0 0 0 BROOKS POWELL III CHAIR 1.00 X X 0 0 0 NAN FREED TREASURER 1.00 X X 0 0 0 DENISE H WHITTLE DERHAM DIRECTOR 1.00 X 0 0 0 DAN FARMER DIRECTOR 1.00 X 0 0 0 ED FITZGERALD IV DIRECTOR 1.00 X 0 0 0 PORTIA FITZGERALD DIRECTOR 1.00 X 0 0 0 PAUL FOX DIRECTOR 1.00 X 0 0 0 EDDIE HERNDON JR DIRECTOR 1.00 X 0 0 0 TED HODGES VICE-CHAIR 1.00 X X 0 0 0 KEVIN KEYS DIRECTOR 1.00 X 0 0 0 ALBERT L PAYNE DDS DIRECTOR 1.00 X 0 0 0 SHAHNAZ AHMED DIRECTOR 1.00 X 0 0 0 BOBBYE RAYE WOMACK DIRECTOR 1.00 X 0 0 0 CARLYLE RAMSEY DIRECTOR 1.00 X 0 0 0 CARRIE ASHE DIRECTOR 1.00 X 0 0 0 TERRI HALL DIRECTOR 1.00 X 0 0 0 DEBRA CARLSON DIRECTOR 1.00 X 0 0 0 TOM GROGAN DIRECTOR 1.00 X 0 0 0 VALDIVIA HALL DIRECTOR 1.00 X 0 0 0 JIMMIE TICKLE DIRECTOR 1.00 X 0 0 0 JEAN CAROL VERNON DIRECTOR 1.00 X 0 0 0 JERRY WALLACE DCC PRESIDENT 1.00 X X 0 0 0 SHANNON L HAIR EXECUTIVE DIRECTOR; DCC VP 40.00 10.00 X 0 114339 28188 0 114339 28188 0 0 0 0 L3HARRIS 2961 WEST CALIFORNIA AVE SALT LAKE CITY UT 84104 CDL SIMULATOR 102000 1 301198 362432 663630 248972 248972 142020 256794 -114774 -114774 -114774 53346 82494 -29148 -29148 768680 0 0 105050 444753 444753 371578 371578 67697 67697 32916 32916 50799 50799 12396 6198 6198 71813 71813 15641 15641 DEVELOPMENT EXPENSE 23830 23830 DUES AND SUBSCRIPTIONS 22621 22621 MISCELLANEOUS EXPENSE 15725 4756 10969 SHARED SERVICES 11985 11985 1141754 816331 233627 91796 1345891 1413889 7300 13000 22089 29813 11137 11137 0 0 10983961 11710666 829949 978496 698462 681715 13887652 14827579 21655 74991 21655 74991 X 109496 261192 13756501 14491396 13865997 14752588 13887652 14827579 -373074 1259665 0 X X 0 1 X 1 0 X 1241180 1590794 662536 1311251 663630 5469391 142260 145930 157462 170798 175911 792361 1383440 1736724 819998 1482049 839541 6261752 1500243 4761509 192835 204754 185408 186130 248972 1018099 7279851 0.65410 0.78530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9807697 34698 1048991 398712 67688 10424986 10240990 671539 -760677 271372 72783 9807697 8782689 83568 1812824 373921 64170 10240990 7875967 990120 298563 327620 54341 8782689 7398303 198822 693168 361502 52824 7875967 0.01400 0.75290 0.23310 0 0 11137 11137 0 0 CASH EQUIVALENTS 978496 C 978496 X 2219053 1259665 175911 82494 1518070 700983 67697 67697 768680 1332462 175911 82494 258405 1074057 67697 67697 1141754 PART V, LINE 4: THE FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 100 INDIVIDUAL FUNDS ESTABLISHED PRIMARILY FOR SCHOLARSHIPS INCLUDING BOTH DONOR-RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE FOUNDATION'S BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED IN THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2021 AND 2020. MANAGEMENT HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THAT THE FOUNDATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 82,494. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSE 82,494. GOLF TOURNAMENT 14550 14550 54913 SUDS, SWINE, SIPPING & SONG 37796 37796 27581 1 1000 1000 53346 53346 82494 82494 -29148 1 DANVILLE COMMUNITY COLLEGE 1008 MAIN STREET DANVILLE VA 24541 541268258 444753 0 SPECIAL PROJECT EXPENSES SCHOLARSHIPS AWARDED TO COMMUNITY COLLEGE STUDENTS 140 371578 PART I, LINE 2: THE COLLEGE REQUESTS A TRANSFER FROM THE FOUNDATION AND PROVIDES SUFFICIENT DOCUMENTATION TO SUPPORT THE REQUEST IN THE CASE OF SPECIAL PROJECTS. THE FOUNDATION REVIEWS THE REQUEST AND MAKES THE APPROPRIATE EXPENDITURE OF FUNDS. SCHOLARSHIPS ARE AWARDED TO STUDENTS OF THE COLLEGE. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS DETAIL REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE WHO IS AUTHORIZED BY THE FOUNDATION BOARD TO PERFORM SUCH A REVIEW AND APPROVAL. SHANNON HAIR, VICE PRESIDENT OF INSTITUTIONAL ADVANCEMENT AND DEVELOPMENT, WILL SIGN THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER IS REQUESTED TO PROVIDE ANNUALLY IN WRITING TO THE DCCEF EXECUTIVE DIRECTOR A LIST OF OFFICES AND DIRECTORSHIPS HE OR SHE HOLDS IN CHARITABLE AND BUSINESS ORGANIZATIONS AND TO IDENTIFY HIS OR HER PLACE OF EMPLOYMENT OR PRINCIPAL BUSINESS ACTIVITY. IN THE EVENT THE DCCEF IS CONSIDERING A CONTRIBUTION TO, OR THE PROCUREMENT OF SERVICES FROM, AN ENTITY IN WHICH THE BOARD MEMBER SHALL SO INFORM THE BOARD AND REFRAIN FROM VOTING ON THE MATTER. AT THE DISCRETION OF THE CHAIRMAN, THE BOARD MEMBER MY BE EXCUSED FROM BOARD DISCUSSION ON THIS MATTER. THIS PROCEDURE SHALL ALSO BE APPLICABLE TO COMMITTEES OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 THE SECRETARY HAS POSSESSION OF THE DOCUMENTS AND WILL PROVIDE COPIES OF THE DOCUMENTS IF REQUESTS ARE MADE. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. FORM 990, PAGES 9 AND 10, PARTS VII AND IX: DANVILLE COMMUNITY COLLEGE, A RELATED ORGANIZATION, PROVIDES COMPENSATION TO OFFICERS AND KEY EMPLOYEES FOR SERVICES PERFORMED FOR THE FOUNDATION AS PROVIDED ON FORM 990, PART VII. THIS IS REPORTED AS RELATED ORGANIZATION CONTRIBUTIONS ON PART VIII, LINE 1D OF FORM 990, AND SALARIES PAID OUT ON LINE 5, PART IX OF FORM 990. COMPENSATION IS DETERMINED BY THE BOARD OF THE RELATED ORGANIZATION DANVILLE COMMUNITY COLLEGE AND BASED ON MARKET VALUES OF COMPARABLE ORGANIZATIONS. FORM 990, PART IV, LINE 34: THE FOUNDATION WAS ESTABLISHED TO ENHANCE THE ACADEMIC EXCELLENCE OF DANVILLE COMMUNITY COLLEGE AND IMPROVE THE COLLEGE'S ABILITY TO SERVE ITS STUDENTS. DANVILLE COMMUNITY COLLEGE 1108 SOUTH MAIN ST DANVILLE VA 24541 541268258 EDUCATION VA 501(C)(3) LINE 7 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 DANVILLE COMMUNITY COLLEGE B 371578 DAVNILLE COMMUNITY COLLEGE N 444753 DANVILLE COMMUNITY COLLEGE O 175911