2024-11-14T14:41:17-06:00 2023-12-31 541967771 CAVANAUGH NELSON PLC 999 WATERSIDE DRIVE SUITE 2250 NORFOLK VA 23510 990 2023-01-01 521217056 TIDEWATER COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC TIDE 7578221081 121 COLLEGE PLACE 5TH FLOOR NORFOLK VA 23510 CHRISTOPHER J BRYANT EXECUTIVE DIRECTOR 7578221081 2024-11-14 1 0 MARK A NELSON P00358004 7575784900 2023 2024-10-15 13:58:12Z CHRISTOPHER P BRYANT 121 COLLEGE PLACE 5TH FLOOR NORFOLK VA 23510 7035209 0 X N/A X 1981 VA TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF TIDEWATER COMMUNITY COLLEGE. 13 12 0 0 0 0 1829302 3811747 0 0 114757 466872 0 0 1944059 4278619 553239 673671 0 0 0 0 130000 0 28547 534912 1034887 1218151 1708558 725908 2570061 9741440 13257620 42623 196822 9698817 13060798 X TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF TIDEWATER COMMUNITY COLLEGE BY PROVIDING MONEY, PERSONNEL AND OTHER AIDS FOR THE COLLEGE; MAKING DONATIONS TO CURRENT COLLEGE ACTIVITIES; PURCHASE BOOKS, MATERIALS AND EQUIPMENT; AND PROVIDE EDUCATIONAL LOANS, SCHOLARSHIPS OR GRANTS TO AID STUDENTS OF THE COLLEGE. 0 0 560319 560319 PROVIDED 577 EDUCATIONAL SCHOLARSHIPS OR GRANTS TO TIDEWATER COMMUNITY COLLEGE STUDENTS. 741205 113352 BOOKS, MATERIALS AND EQUIPMENT USED TO ENHANCE THE EDUCATIONAL PROGRAMSAT TIDEWATER COMMUNITY COLLEGE. 1301524 1 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 42 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 VA X TIDEWATER COMMUNITY COLLEGE 7578221548 121 COLLEGE PLACE 5TH FLOOR NORFOLK VA 23510 DR MARCIA CONTON TCC PRESIDENT 1.00 40.00 X X 0 290827 86798 ANDREW HODGE VICE CHAIR 1.00 X X 0 0 0 JUSTIN BALLARD DIRECTOR 1.00 X X 0 0 0 BEN DAVENPORT DIRECTOR 1.00 X 0 0 0 DAN BANISTER DIRECTOR 1.00 X 0 0 0 TONYA D BYRD TREASURER 1.00 X 0 0 0 MARK A JOHNSON DIRECTOR 1.00 X X 0 0 0 CYNTHIA FREE DIRECTOR 1.00 X 0 0 0 JORDAN R ASHER DIRECTOR 1.00 X 0 0 0 JOHN L ROWE JR DIRECTOR 1.00 X 0 0 0 ROY CORBY DIRECTOR 1.00 X 0 0 0 FRED PASQUINE DIRECTOR 1.00 X 0 0 0 CHARLES A TYSINGER LAISON FOR TCC COLLEGE BOARD 1.00 X X 0 0 0 CHRISTOPHER P BRYANT EXECUTIVE DIR. AND VP OF I 20.00 21.00 X 0 157614 57711 0 448441 144509 0 0 1 0 NICOLSON ASSOCIATIES INC 40 W HOWARD STREET STE 309 PONTIAC MI 48342 DESIGN AND CREATION DONOR WALL PLAQUES 127000 1 3811747 113352 3811747 279790 279790 2943672 2756590 187082 187082 187082 4278619 0 0 466872 113352 113352 560319 560319 1740 1740 16800 16800 12000 12000 36406 36406 65857 65857 807 807 82936 19048 59450 4438 295 295 561 561 168 168 6947 6947 PROGRAM SERVICE EXPENSE 555561 555561 OTHER 158747 134638 24109 SHARE SERVICES 96062 53244 42818 1708558 1301524 378487 28547 1370002 3601859 563837 597648 35734 38625 7771867 9019488 9741440 13257620 39558 193985 3065 2837 42623 196822 X 1374480 2007045 8324337 11053753 9698817 13060798 9741440 13257620 X 2570061 799550 -7630 X X 0 1 X 1 0 X 2245167 732588 587680 1828802 3811547 9205784 290263 318498 325002 933763 2245167 732588 877943 2147300 4136549 10139547 302044 9837503 196425 167324 158169 209318 279790 1011026 6312 500 200 7012 11157585 0.88170 0.81410 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 6,312. 2022 AMOUNT: $ 500. 2023 AMOUNT: $ 200. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 12000 12000 0 PART II-B, LINE 1: THE ORGANIZATION HAS A CONTRACT WITH DOWNS GOVERNMENT AFFAIRS, LLC IN CONNECTION WITH THE MARITIME WORKFORCE TRAINING CENTERS OF EXCELLENCE INITIATIVE. THEIR REPRESENTATION IN THIS MATTER WILL INVOLVE ADVOCATING FOR ENACTMENT OF FEDERAL LEGISTATION AND OBTAINING FEDERAL EXECUTIVE BRANCH SUPPORT. THE INSTITUTIONAL ASSESSMENT IS LIMITED TO $1,000 PER MONTH. 4687449 52600 615425 182164 71535 5101775 5554524 59653 -676800 182196 67732 4687449 5066205 9081 610288 65872 65178 5554524 4968663 73813 505897 416560 65608 5066205 4411057 68309 594289 103903 1089 4968663 0.00000 0.00000 1.00000 0 0 0 CHARITABLE GIFT ANNUITY LIABILITY 2837 2837 X 5366765 799550 325002 1124552 4242213 36406 36406 4278619 2004784 325002 7630 332632 1672152 36406 36406 1708558 PART V, LINE 4: THE EDUCATIONAL FOUNDATION'S ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. THE FUNDS ARE USED TO SUPPORT TIDEWATER COMMUNITY COLLEGE. PART X, LINE 2: THE EDUCATIONAL FOUNDATION IS EXEMPT FROM INCOME TAX UNDER SECTION(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE EDUCATIONAL TIDEWATER COMMUNITY COLLEGE EDUCATIONAL FOUNDATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT DECEMBER 31, 2023. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE EDUCATIONAL FOUNDATION HAD NO UNCERTAIN INCOME TAX. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 7,456. CHARITABLE GIFT ANNUITY ADJUSTMENT 174. 1 TIDEWATER COMMUNITY COLLEGE 121 COLLEGE PLACE NORFOLK VA 23510 541268286 0 113352 FMV EQUIPMENT, BOOKS, FURNTURE AND FIXTURES GENERAL SUPPORT TO THE COLLEGE. SCHOLARSHIPS 577 560319 0 PART I, LINE 2: SCHOLARSHIPS ARE AWARDED TO STUDENTS ATTENDING TIDEWATER COMMUNITY COLLEGE. THE USE OF SCHOLARSHIP FUNDS IS MONITORED THROUGH CENTRAL FINACIAL AID AND STUDENT ACCOUNTS. PART II, LINE 1 (A) NAME AND ADDRESS OF ORGANIZATION OR GOVERNMENT: TIDEWATER COMMUNITY COLLEGE, 121 COLLEGE PLACE, NORFOLK VA 23510 (G) DESCRIPTION OF NON-CASH ASSISTANCE: EQUIPMENT, BOOKS, FUNITURE, FIXTURES AND OTHER ASSETS. (H) PURPOSE OF GRANT OR ASSISTANCE: GENERAL SUPPORT TO THE COLLEGE X X 0 1 0 0 0 0 0 0 0 0 0 DR MARCIA CONTON TCC PRESIDENT 0 260665 0 0 0 30162 0 73048 0 13750 0 377625 0 0 CHRISTOPHER P BRYANT EXECUTIVE DIR. AND VP OF I 0 157132 0 0 0 482 0 44172 0 13539 0 215325 0 0 PART I, LINE 1A: THE FOUNDATION REIMBURSED THE COLLEGE FOR THE HOUSING ALLOWANCE PROVIDED TO DR. CONSTON. THE ALLOWANCE WAS TREATED AS A TAXABLE BENEFIT TO HER. THE FOUNDATION ALSO PAID FOR SOCIAL CLUB DUES FOR DR. CONSTON AND CHRISTOPHER BRYANT, VICE PRESIDENT FOR INSTUTIONAL ADVANCEMENT, WHICH FOR BOTH, WERE TREATED AS A NONTAXABLE BENEFIT. PART 1, LINE 1B: THE SOCIAL CLUB DUES ARE APPROVED IN THE OVERALL ANNUAL BUDGET EACH YEAR, BUT THERE IS NO WRITTEN POLICY TO DIRECTLY APPROVE THEM. THE DUES ARE INCLUDED IN A BROADER BUDGET CATEGORY OF "MEETING, DUES, AND MEMBERSHIPS, TRAVEL, POSTAGE, AND OTHER INCIDENTAL OPERATING EXPENSES." THE HOUSING ALLOWANCE IS ALSO APPROVED BY THE BOARD ANNUALLY. X 1 2713 ESTIMATED FMV X COMPUTER AND EQUIPMENT 96 108509 ESTIMATED FMV X ACADEMIC EQUIPMENT 3 2130 ESTIMATED FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY FINANCIAL SERVICES AND THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C ALL DIRECTORS OF THE BOARD OF DIRECTORS AND OFFICES OF THE FOUNDATION MUST DISCLOSE ANNUALLY THOSE SUBSTANTIVE RELATIONSHIPS THAT COULD BE CONSTRUED POTENTIALLY TO AFFECT THEIR INDEPENDANCE. DIRECTORS OR OFFICERS WHO HAVE DECLARED OR HAVE BEEN FOUND TO HAVE A CONFLICT OF INTEREST MAY BE ASKED TO REFRAIN FROM CONSIDERATION OF PROPOSED TRANSACTIONS. PERSONS WITH CONFLICTS MAY BE ASKED NOT TO VOTE, PARTICIPATE IN DISCUSSION OR BE PRESENT AT THE TIME OF THE VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS NO FULL-TIME EMPLOYEES. ALL PERSONNEL IN SUPPORT OF THE FOUNDATION ARE EMPLOYEES OF THE TIDEWATER COMMUNITY COLLEGE, A RELATED ORGANIZATION, AND ARE SUBJECT TO THE COMPENSATION POLICIES OF THE COLLEGE. THE COLLEGE REVIEWS THE COMPENSATION OF ITS KEY EMPLOYEES ON AN ANNUAL BASIS TO ENSURE THAT COMPENSATION IS REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION MAKES GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE ALSO AVAILABLE FOR PUBLIC INSEPECTION THROUGH GUIDE STAR. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSES -7,456. CHARITABLE GIFT ANNUITY ADJUSTMENT -174. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED. TIDEWATER COMMUNITY COLLEGE 121 COLLEGE PLACE NORFOLK VA 23510 541268286 EDUCATION VA GOVERNMENT N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 TIDEWATER COMMUNITY COLLEGE B 113342 CASH TIDEWATER COMMUNITY COLLEGE O 325002 FAIR MARKET VALUE TIDEWATER COMMUNITY COLLEGE R 560319 FAIR MARKET VALUE