2024-03-22T13:38:20-05:00 2023-06-30 540565834 BROWN EDWARDS & COMPANY LLP 100 FLANK ROAD PETERSBURG VA 238059152 990 2022-07-01 521389646 BRIGHTPOINT COMMUNITY COLLEGE FOUNDATION INC BRIG 8045941476 800 CHARTER COLONY PARKWAY MIDLOTHIAN VA 23114 PAMELA COMSTOCK CHAIR 8045941476 2024-03-21 1 PAMELA COMSTOCK 999009999 0 M JAMES HARTSON JR CPA P00590214 8047335566 2024-03-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X PAMELA COMSTOCK 800 CHARTER COLONY PARKWAY MIDLOTHIAN VA 23114 3718550 0 X WWW.BRIGHTPOINT.EDU/FOUNDATION X 1967 VA THE BRIGHTPOINT COMMUNITY COLLEGE FOUNDATION ACQUIRES VITAL RESOURCES THAT ADVANCE THE COLLEGE'S MISSION TO PROVIDE SUPERIOR, AFFORDABLE, AND ACCESSIBLE EDUCATION TO MEMBERS OF THE COMMUNITY. THE FOUNDATION SEEKS THE TIME, TALENT, AND FINANCIAL SUPPORT OF INDIVIDUALS, BUSINESSES AND PRIVATE FOUNDATIONS TO HELP FUND STUDENT SUPPORT INITIATIVES SUCH AS SCHOLARSHIPS AND EMERGENCY FUNDS; ACADEMIC AND WORKFORCE PROGRAM DEVELOPMENT AND EXPANSION; AND OTHER CRITICAL STUDENT AND COLLEGE NEEDS. 22 21 0 20 0 0 1440471 1770317 0 0 141462 344760 0 0 1581933 2115077 598225 1431014 0 0 0 0 0 0 38983 230949 305486 829174 1736500 752759 378577 8148125 9097827 90382 228888 8057743 8868939 X THE BRIGHTPOINT COMMUNITY COLLEGE FOUNDATION ACQUIRES VITAL RESOURCES THAT ADVANCE THE COLLEGE'S MISSION TO PROVIDE SUPERIOR, AFFORDABLE, AND ACCESSIBLE EDUCATION. THE FOUNDATION SEEKS THE TIME, TALENT, AND FINANCIAL SUPPORT OF ALUMNI, INDIVIDUALS, BUSINESSES, CIVIC GROUPS, AND PRIVATE FOUNDATIONS IN ORDER TO BUILD RELATIONSHIPS THAT ULTIMATELY HELP THE COLLEGE ELEVATE THE COMMUNITY'S QUALITY OF LIFE. 0 0 1261794 1159195 DURING THE FISCAL YEAR, BCC FOUNDATION PROVIDED MORE THAN $633,000 IN SUPPORT TO THE COLLEGE AND STUDENTS, INCLUDING APPROXIMATELY $272,000 IN SCHOLARSHIPS AND GRANTS AND MORE THAN $323,000 IN SUPPORT FOR ACADEMIC PROGRAMS, FACULTY, EQUIPMENT, STUDENT EMERGENCY AID, AND OTHER STUDENT SUPPORT PROGRAMS. DURING THE FISCAL YEAR, THE FOUNDATION PROVIDED $38,000 IN EMERGENCY FUND SUPPRT FOR STUDENTS, ASSISTING THEM WITH BASIC NEEDS SUCH AS HOUSING, UTILITIES AND FOOD AS WELL AS ACADEMIC SUPPORT INCLUDING BOOKS, INTERNET ACCESS AND TRANSPORATION.IN FY23, THE FOUNDATION SUCCESSFULLY ENGAGED INVESTMENTS THAT SUPPORT COLLEGE PROGRAM DEVELOPMENT AND EXPANSION AND DISBURSED PREVIOUSLY SECURED GRANT FUNDING TO ADVANCE COLLEGE INITIATIVES. THE FOUNDATION SECURED $570,000 IN NEW GRANT FUNDING TO LAUNCH A NEW MANUFACTURING/SKILLED TRADES OUTREACH INITIATIVE AT THE COLLEGE. IN ADDITION, THE FOUNDATION DISTRIBUTED $797,000 IN PREVIOUSLY SECURED AND REIMBURSABLE GRANT FUNDING TO SUPPORT NEW PHARMACEUTICAL MANUFACTURING WORKFORCE TRAINING AND EDUCATION PROGRAMS AT THE COLLEGE. FURTHER, THE FOUNDATION SECURED $255,000 IN GRANT FUNDING TO SUPPLEMENT ONGOING HEALTHCARE PROGRAM EXPANSION AT THE COLLEGE, BRINGING TOTAL GRANT FUNDS RAISED FOR THIS INITIATIVE TO MORE THAN $825,000. THESE EXPANDED PROGRAMS ALLOW THE COLLEGE TO PREPARE MORE STUDENTS FOR THE REGION'S HIGH-DEMAND HEALTHCARE CAREERS. 271819 271819 DURING THE YEAR THE FOUNDATION AWARDED APPROXIMATELY $272,000 OF SCHOLARSHIPS THROUGH A COMPETITIVE APPLICATION PROCESS. 1533613 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 0 0 0 0 0 0 0 0 0 0 0 X 22 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VA X ADAM SMITH 8045941476 800 CHARTER COLONY PARKWAY MIDLOTHIAN VA 23114 X RACHEL BIUNDO EXECUTIVE DIRECTOR 40.00 X X 0 0 0 BRIDGET H WILSON DIRECTOR 1.00 X 0 0 0 RICARDO TORRES 2ND VICE CHAIR 1.00 X X 0 0 0 JON VANCLEAVE TREASURER 1.00 X X 0 0 0 PETER ELIADES IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 RODNEY BRAZIEL DIRECTOR 1.00 X 0 0 0 PHILLIP O'CONNOR DIRECTOR 1.00 X 0 0 0 PAMELA COMSTOCK CHAIR 1.00 X X 0 0 0 ALEX R O'NEILL DIRECTOR 1.00 X 0 0 0 VANDY JONES III SECRETARY 1.00 X X 0 0 0 DAVID LEDBETTER DIRECTOR 1.00 X 0 0 0 JAMES MYERS 1ST VICE CHAIR 1.00 X X 0 0 0 RONALD WHITE DIRECTOR 1.00 X 0 0 0 DENNY MORRIS DIRECTOR 1.00 X 0 0 0 MELVYN SMITH DIRECTOR 1.00 X 0 0 0 BRANDEE BEVAN DIRECTOR 1.00 X 0 0 0 KELLI COONS DIRECTOR 1.00 X 0 0 0 CARL DUFFEY DIRECTOR 1.00 X 0 0 0 ERICA BURGESS DIRECTOR 1.00 X 0 0 0 CHRISTINE WILSON DIRECTOR 1.00 X 0 0 0 VAN WILSON DIRECTOR 1.00 X 0 0 0 ALAN W MASSENGILL DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1770317 359 1770317 220422 220422 1727811 1603473 124338 124338 124338 2115077 0 0 344760 1159195 1159195 271819 271819 79410 79410 36372 36372 17730 17730 12492 6909 5205 378 27390 21806 5334 250 REIMBURSEMENT OF SALARI 46509 34882 11627 SUBSCRIPTIONS AND LICEN 35063 5850 29213 OTHER EXPENSES 23463 12240 7806 3417 DONOR STEWARDSHIP 12794 12794 14263 3182 564 10517 1736500 1533613 163904 38983 34341 33173 827033 1097572 501430 578038 25800 25800 25800 5394387 5816213 1362230 1498395 2904 48636 8148125 9097827 87898 228888 2484 0 90382 228888 X 2022773 2227196 6034970 6641743 8057743 8868939 8148125 9097827 378577 432619 0 X X 0 1 X 1 0 X 2151556 904821 570018 1440471 1770317 6837183 719804 602403 388940 458347 491137 2660631 2871360 1507224 958958 1898818 2261454 9497814 2284504 7213310 124980 157620 131826 136575 220422 771423 10269237 0.70240 0.70380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4120714 70268 440263 135856 41299 4454090 4717752 60500 -508440 106695 42403 4120714 3850218 62575 899241 94282 4717752 3784565 123223 41578 99148 3850218 3661934 50845 192324 120538 3784565 0.60880 0.39120 0 0 25800 25800 25800 DFA US LARGE CAP VALUE PORTFOLIO 667825 F ISHARES RUSSELL TOP 200 GROWTH ETF 830570 F 1498395 X 3002461 432619 491137 923756 2078705 36372 36372 2115077 2191265 491137 491137 1700128 36372 36372 1736500 PART V, LINE 4: THERE ARE APPROXIMATELY 46 INDIVIDUAL ENDOWMENT FUNDS USED MAINLY FOR STUDENT SCHOLARSHIPS. A SMALL PORTION IS USED FOR EQUIPMENT PURCHASES. PART X, LINE 2: THE FINANCIAL ACCOUNTING STANDARDS BOARD ISSUED GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT EVALUATED THE FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. CURRENTLY, THE FOUNDATION'S 2020 THROUGH THE 2022 TAX YEARS ARE OPEN AND SUBJECT TO INCOME TAX EXAMINATIONS BY THE TAXING AUTHORITIES. THE FOUNDATION INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN MANAGEMENT AND GENERAL EXPENSES. THE FOUNDATION DID NOT HAVE PENALTIES AND INTEREST RELATING TO INCOME TAXES FOR THE YEAR ENDED JUNE 30, 2023. 1 BRIGHTPOINT COMMUNITY COLLEGE 13101 JEFFERSON DAVIS HIGHWAY CHESTER VA 23831 541268277 170(C)(1) 361420 0 SUPPORT FOR THE COLLEGE 1 SCHOLARSHIPS AND GRANTS - PAID TO BCC 208 271819 FUNDS ARE DONATED TO THE FOUNDATION TO BE USED FOR RESTRICTED PURPOSES FOR THE BENEFIT OF BRIGHTPOINT COMMUNITY COLLEGE. BRIGHTPOINT COMMUNITY COLLEGE INCURS THE NECESSARY EXPENSES AND THEN SUBMITS AN INVOICE TO THE FOUNDATION TO BE REIMBURSED. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RECEIVES THE 990 FOR REVIEW, AND A COPY OF THE 990 IS MADE AVAILABLE BY MAIL OR EMAIL TO EACH BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO SIGN A STATEMENT EACH YEAR ACKNOWLEDGING THAT THEY UNDERSTAND AND AGREE TO ABIDE BY THE CONFLICTS OF INTEREST POLICY. IN THE EVENT THAT A BOARD MEMBER HAS A POTENTIAL CONFLICT OF INTEREST DURING THE YEAR, SUCH BOARD MEMBER SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS OR VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION ITSELF HAS NO EMPLOYEES. INSTEAD, ALL INDIVIDUALS PERFORMING SERVICES FOR THE FOUNDATION ARE EMPLOYED BY THE COMMONWEALTH OF VIRGINIA AND ARE SUBJECT TO THE COMMONWEALTH'S COMPENSATION GUIDELINES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.