Nonprofit · EIN 56-1338488
VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND
Tax-exempt · HENDERSON, NC 27536
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $972,319 | $419,276 | $553,043 | $11,639,787 | $0 | $11,639,787 |
| June 30, 2024 | 990 | $577,547 | $455,006 | $122,541 | $10,544,648 | $2,023 | $10,542,625 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $283,574
- Program service revenue
- $0
- Investment income
- $688,745
- Net gain from sales of assets
- $432,982
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $305,246
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $305,246
- Management and general (functional)
- $107,559
- Fundraising (functional)
- $6,471
Balance sheet and other
- Total assets, start of year
- $10,544,648
- Total assets, end of year
- $11,639,787
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,639,787
- Publicly traded securities
- $11,177,306
- Net assets without donor restrictions
- $848,225
- Net assets with donor restrictions
- $10,791,562
- Gross receipts
- $3,989,291
- Employees
- 0
- Volunteers
- 20
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr RACHEL DESMARAIS | Chairman Trustee or director, Officer | 0 | $0 |
| SANDY GABEL | Director Trustee or director | 0 | $0 |
| SABINE STOVALL | Director Trustee or director | 0 | $0 |
| LEO KELLY | Director Trustee or director | 0 | $0 |
| BETH TOWNSEND | Director Trustee or director | 0 | $0 |
| XAVIER WORTHAM | Director Trustee or director | 0 | $0 |
| SARAH BASKERVILLE | Director Trustee or director | 0 | $0 |
| MICHELE BURGESS | Director Trustee or director | 0 | $0 |
| JAMES W CRAWFORD JR | Director Trustee or director | 0 | $0 |
| MELISSA ELLIOTT | Director Trustee or director | 0 | $0 |
| TODD WEMYSS | Vice Chair Trustee or director | 0 | $0 |
| CLAY FRAZIER | Director Trustee or director | 0 | $0 |
| ANNETTE MYERS | Director Trustee or director | 0 | $0 |
| MARSHALL TANNER | Director Trustee or director | 0 | $0 |
| HARRY MILLS | Director Trustee or director | 0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEVEN GRAHAM | Treasurer Officer | 0 | $0 |
990 for the year ended June 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dr RACHEL DESMARAIS | Chairman Trustee or director, Officer | 0 | $0 |
| DONALD C SEIFERT SR | Director Trustee or director | 0 | $0 |
| JOSH TOWNE | Director Trustee or director | 0 | $0 |
| LEO KELLY | Director Trustee or director | 0 | $0 |
| SARAH BASKERVILLE | Secretary Trustee or director, Officer | 0 | $0 |
| MICHELE BURGESS | Director Trustee or director | 0 | $0 |
| JAMES W CRAWFORD JR | Director Trustee or director | 0 | $0 |
| MELISSA ELLIOTT | Director Trustee or director | 0 | $0 |
| GREG ETHERIDGE | Director Trustee or director | 0 | $0 |
| TODD WEMYSS | Vice Chair Trustee or director | 0 | $0 |
| CLAY FRAZIER | Director Trustee or director | 0 | $0 |
| ANNETTE MYERS | Director Trustee or director | 0 | $0 |
| MARSHALL TANNER | Director Trustee or director | 0 | $0 |
| HARRY MILLS | Director Trustee or director | 0 | $0 |
| ABDUL SM RASHEED | Director Trustee or director, Institutional trustee | 0 | $0 |
| HENRY BANKS | Director Trustee or director | 0 | $0 |
| STEVEN GRAHAM | Treasurer Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 917, HENDERSON, NC 27536-0917
- Signed the 990
- STEVEN GRAHAM, Treasurer
- Phone
- (252) 738-3221
- Return prepared by
- MAY & PLACE PA
Mission
Vance-Granville Community College Foundation, Inc., purpose is to receive contributions and to use such contributions to provide funds to Vance-Granville Community College to be used to acquire or purchase real or personal property, to pay for services or instruction, to provide scholarships to worthy students attending Vance-Granville Community College, and to provide funds for any other proper activity of Vance-Granville Community College.
Program accomplishments
- SCHOLARSHIPS TO STUDENTS OF VGCC WHO ACHIEVE A HIGH STANDARD OF EXCELLENCE AND SUPPORT OF ACTIVITIES THAT BENEFIT THE COLLEGE.Expenses $189,096
- PAYMENT AND REIMBURSEMENT OF EXPENSES FOR THE SUPPORT OF VANCE-GRANVILLE COMMUNITY COLLEGE.Expenses $116,150
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1338488
- 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
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $11,639,787
- Income (IRS master file)
- $3,989,291
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $972,319 | $419,276 | $11,639,787 | XML |
| 990 | June 2024 | $577,547 | $455,006 | $10,544,648 | XML |
| 990 | June 2023 | $1,200,673 | $305,574 | $9,670,821 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 56-1338488).
Questions about VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND
- What is the EIN of VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND?
- The employer identification number (EIN) of VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND is 56-1338488.
- Is VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND 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 VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who are the officers and directors of VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND?
- The 990 for the year ended June 30, 2025 lists 16 people; 0 received compensation from the organization.
- How much revenue does VANCE GRANVILLE COMMUNITY COLLEGE ENDOWMENT FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $972,319, expenses of $419,276 and total assets of $11,639,787 at year end.
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