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Nonprofit · EIN 51-0247624

LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

Tax-exempt · MIDDLETOWN, VA 22645

Financials

$4.3M$2.5M2023$3.8M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$3,822,297$2,415,469$1,406,828$37,392,118$9,609,460$27,782,658
December 31, 2023990$4,303,212$2,513,736$1,789,476$36,269,627$10,018,191$26,251,436
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,827,764
Program service revenue
$880,000
Investment income
$1,032,404
Net gain from sales of assets
$452,254
Other revenue
$82,129

Expenses

Grants and similar amounts paid
$460,076
Other salaries and wages
$182,560
Salaries, compensation and benefits (total)
$182,560
Professional fundraising fees
$0
Legal fees
$800
Accounting fees
$26,020
Depreciation
$452,959
Program services (functional)
$2,187,988
Management and general (functional)
$206,421
Fundraising (functional)
$21,060

Balance sheet and other

Total assets, start of year
$36,269,627
Total assets, end of year
$37,392,118
Total liabilities, end of year
$9,609,460
Net assets, end of year
$27,782,658
Land, buildings and equipment
$18,923,931
Publicly traded securities
$14,885,085
Net assets without donor restrictions
$14,169,535
Net assets with donor restrictions
$13,613,123
Gross receipts
$7,114,924
Employees
0
Volunteers
11
Year formed
1980

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
KIMBERLY BLOSSERSECRETARY
Trustee or director, Officer
2$0$235,127$85,981
CORY THOMPSONTREASURER
Trustee or director, Officer
2$0$174,145$66,484
LIV HEGGOYEXECUTIVE DI
Officer
40$0$133,660$41,696
JOEL BARKMANCHAIR
Trustee or director, Officer
2$0$0$0
KELLIE POSTVICE CHAIR
Trustee or director, Officer
2$0$0$0
TRENTON CLARKMEMBER
Trustee or director
1$0$0$0
EDWIN DALEYMEMBER
Trustee or director
1$0$0$0
DEBBIE DONEHEYMEMBER
Trustee or director
1$0$0$0
ANNE HALLMEMBER
Trustee or director
1$0$0$0
IRENE HARDESTYMEMBER
Trustee or director
1$0$0$0
SUZAN HERSKOWITZMEMBER
Trustee or director
1$0$0$0
DALE HOUFFMEMBER
Trustee or director
1$0$0$0
SARAH IRVINGMEMBER
Trustee or director
1$0$0$0
BRANDON LOREYMEMBER
Trustee or director
1$0$0$0
JASON ROTZMEMBER
Trustee or director
1$0$0$0
4 more people on this return
NameTitleHours / weekCompensation
CARL RUSHMEMBER
Trustee or director
1$0
DOUG STALLARDMEMBER
Trustee or director
1$0
JORGE VELASCOMEMBER
Trustee or director
1$0
DONNA WHITLEY-SMITHMEMBER
Trustee or director
1$0
990 for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
KIMBERLY BLOSSERSECRETARY
Trustee or director, Officer
2$0$223,179$82,652
CORY THOMPSONTREASURER
Trustee or director, Officer
2$0$137,097$47,613
LIV HEGGOYEXECUTIVE DI
Officer
40$0$124,061$40,405
JIM WATKINSCHAIR
Trustee or director, Officer
2$0$0$0
JOEL BARKMANVICE CHAIR
Trustee or director, Officer
2$0$0$0
PAUL ADAMMEMBER
Trustee or director
1$0$0$0
TRENTON CLARKMEMBER
Trustee or director
1$0$0$0
EDWIN DALEYMEMBER
Trustee or director
1$0$0$0
DEBBIE DONEHEYMEMBER
Trustee or director
1$0$0$0
ANNE HALLMEMBER
Trustee or director
1$0$0$0
IRENE HARDESTYMEMBER
Trustee or director
1$0$0$0
SUZAN HERSKOWITZMEMBER
Trustee or director
1$0$0$0
DALE HOUFFMEMBER
Trustee or director
1$0$0$0
BRANDON LOREYMEMBER
Trustee or director
1$0$0$0
KELLIE POSTMEMBER
Trustee or director
1$0$0$0
JASON ROTZMEMBER
Trustee or director
1$0$0$0
CARL RUSHMEMBER
Trustee or director
1$0$0$0
DOUG STALLARDMEMBER
Trustee or director
1$0$0$0
DONNA WHITLEY-SMITHMEMBER
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
173 SKIRMISHER LN, MIDDLETOWN, VA 22645-1745
Principal officer (990 for 2024)
LIV HEGGOY, 173 SKIRMISHER LANE, MIDDLETOWN, VA 22645
Signed the 990
LIV HEGGOY, EXECUTIVE DIRECTOR
Phone
(540) 868-4078
Return prepared by
ROBINSON FARMER COX ASSOCIATES

Mission

THE MISSION OF LAUREL RIDGE COMMUNITY COLLEGE IS TO PROVIDE A POSITIVE, CARING AND DYNAMIC LEARNING ENVIRONMENT THAT INSPIRES STUDENT SUCCESS, VALUES DIVERSITY AND PROMOTES COMMUNITY VITALITY. IN SUPPORT OF THAT MISSION, THE LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION SEEKS FUNDING TO SUPPORT THE COLLEGE, ITS STUDENTS, AND ITS FACULTY AND STAFF.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FOUNDATION AWARDS SCHOLARSHIPS TO ASSIST STUDENTS WITH TUITION, BOOKS, AND/OR FEES. THE SCHOLARSHIPS ARE AWARDED BASED ON NEED AND MERIT AS DETERMINED BY THE SCHOLARSHIP CRITERIA. THE SCHOLARSHIP PROGRAM REDUCES THE NUMBER OF STUDENTS WHOSE FINANCIAL NEED PREVENTS ENROLLMENT IN THE LAUREL RIDGE ACADEMIC PROGRAMS.
    Expenses $460,076 · grants $460,076
  • THE FOUNDATION PROVIDES FUNDS FOR ACADEMIC AND WORKFORCE TRAINING PROGRAMS, FACULTY SALARIES,FACILITIES EQUIPMENT AND PROFESSIONAL DEVELOPMENT FOR LAUREL RIDGE EMPLOYEES.
    Expenses $1,727,912 · revenue $880,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
51-0247624
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Organization supporting a government college or university
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1980
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$37,392,118
Income (IRS master file)
$7,114,924

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$3,822,297$2,415,469$37,392,118XML
990December 2023$4,303,212$2,513,736$36,269,627XML
990December 2022$4,273,625$2,553,148$35,003,255IRS
990December 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0247624).

Questions about LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

What is the EIN of LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC?
The employer identification number (EIN) of LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC is 51-0247624.
Is LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
Are donations to LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 names LIV HEGGOY.
Who are the officers and directors of LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 19 people; 0 received compensation from the organization.
How much revenue does LAUREL RIDGE COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $3,822,297, expenses of $2,415,469 and total assets of $37,392,118 at year end.

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