Nonprofit · EIN 23-7004354
VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION
Tax-exempt · N CHESTERFLD, VA 23236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $10,190,884 | $8,071,245 | $2,119,639 | $17,083,226 | $659,615 | $16,423,611 |
| June 30, 2024 | 990 | $5,247,332 | $5,733,792 | -$486,460 | $17,135,891 | $2,003,667 | $15,132,224 |
| June 30, 2023 | 990 | $5,006,881 | $4,811,518 | $195,363 | $15,491,078 | $636,935 | $14,854,143 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,036,684
- of which government grants
- $2,400,814
- Program service revenue
- $0
- Investment income
- $2,154,200
- Net gain from sales of assets
- $1,753,586
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $6,163,892
- Other salaries and wages
- $914,717
- Salaries, compensation and benefits (total)
- $914,717
- Professional fundraising fees
- $0
- Accounting fees
- $26,882
- Program services (functional)
- $7,028,889
- Management and general (functional)
- $587,820
- Fundraising (functional)
- $454,536
Balance sheet and other
- Total assets, start of year
- $17,135,891
- Total assets, end of year
- $17,083,226
- Total liabilities, end of year
- $659,615
- Net assets, end of year
- $16,423,611
- Publicly traded securities
- $1,499,033
- Net assets without donor restrictions
- $4,439,515
- Net assets with donor restrictions
- $11,984,096
- Gross receipts
- $21,327,497
- Employees
- 0
- Volunteers
- 23
- Year formed
- 1969
- State of legal domicile
- VA
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 |
|---|---|---|---|
| GAYE MONTGOMERY | DIRECTOR Trustee or director | 1 | $0 |
| ANNA JAMES | DIRECTOR Trustee or director | 1 | $0 |
| CAROLINE PETTERS SAUER | DIRECTOR Trustee or director | 1 | $0 |
| CEDRIC GREEN | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| CHRIS FRENCH | DIRECTOR Trustee or director | 1 | $0 |
| DAVID DORE | DIRECTOR Trustee or director | 1 | $0 |
| DARREN CONNER | CHAIR Trustee or director, Officer | 1.5 | $0 |
| FRED THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM HAZEL JR | VICE CHAIR AND TREASURER Trustee or director, Officer | 1.5 | $0 |
| ED DALRYMPLE | DIRECTOR Trustee or director | 1 | $0 |
| SALLY CALDWELL | DIRECTOR Trustee or director | 1 | $0 |
| AMY HENECKE | DIRECTOR Trustee or director | 1 | $0 |
| JENNIE REYNOLDS | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER SAGER GENTRY | DIRECTOR; EXECUTIVE DIRECT Trustee or director, Officer | 35 | $0 |
| JOHN J RAINONE | DIRECTOR Trustee or director | 1 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JULIA GILLIAM STERLING | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN BALLARD | DIRECTOR Trustee or director | 1 | $0 |
| LEAH FRIED SEDWICK | DIRECTOR Trustee or director | 1 | $0 |
| MARY MORRIS | DIRECTOR Trustee or director | 1 | $0 |
| MAURICE JONES | DIRECTOR Trustee or director | 1 | $0 |
| PHILIP H GOODPASTURE GENERAL COUNSE | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL O'KANE | DIRECTOR Trustee or director | 1 | $0 |
| XAVIER BEALE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GAYE MONTGOMERY | DIRECTOR Trustee or director | 1 | $0 |
| ANNA JAMES | TREASURER Trustee or director, Officer | 1.5 | $0 |
| BEN DAVENPORT JR | BOARD CHAIR Trustee or director, Officer | 1.5 | $0 |
| CAROLINE PETTERS SAUER | DIRECTOR Trustee or director | 1 | $0 |
| CEDRIC GREEN | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| CHRIS FRENCH | DIRECTOR Trustee or director | 1 | $0 |
| DAVID DORE | DIRECTOR Trustee or director | 1 | $0 |
| DARREN CONNER | DIRECTOR Trustee or director | 1 | $0 |
| FRED THOMPSON | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM HAZEL JR | DIRECTOR Trustee or director | 1 | $0 |
| ED DALRYMPLE | DIRECTOR Trustee or director | 1 | $0 |
| SALLY CALDWELL | DIRECTOR Trustee or director | 1 | $0 |
| AMY HENECKE | DIRECTOR Trustee or director | 1 | $0 |
| JENNIE REYNOLDS | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER SAGER GENTRY | DIRECTOR; EXECUTIVE DIRECT Trustee or director, Officer | 35 | $0 |
| JOHN J RAINONE | DIRECTOR Trustee or director | 1 | $0 |
| JULIA GILLIAM STERLING | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN BALLARD | DIRECTOR Trustee or director | 1 | $0 |
| LEAH FRIED SEDWICK | DIRECTOR Trustee or director | 1 | $0 |
| MARY MORRIS | DIRECTOR Trustee or director | 1 | $0 |
| MAURICE JONES | DIRECTOR Trustee or director | 1 | $0 |
| PHILIP H GOODPASTURE GENERAL COUNSE | DIRECTOR Trustee or director | 1 | $0 |
| RONALD H HOLMES | DIRECTOR Trustee or director | 1 | $0 |
| MICHAEL O'KANE | DIRECTOR Trustee or director | 1 | $0 |
| XAVIER BEALE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 29 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHARON MORRISSEY | DIRECTOR Trustee or director | 1 | $0 |
| ANNA JAMES | TREASURER Trustee or director, Officer | 1.5 | $0 |
| BEN DAVENPORT JR | BOARD CHAIR Trustee or director, Officer | 1.5 | $0 |
| CAROLINE PETTERS SAUER | DIRECTOR Trustee or director | 1 | $0 |
| CEDRIC GREEN | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| CHRIS FRENCH | DIRECTOR Trustee or director | 1 | $0 |
| DAVID DORE | DIRECTOR Trustee or director | 1 | $0 |
| DARREN CONNER | DIRECTOR Trustee or director | 1 | $0 |
| DEBORAH JOHNSTON | DIRECTOR Trustee or director | 1 | $0 |
| WILLIAM HAZEL JR | DIRECTOR Trustee or director | 1 | $0 |
| ED DALRYMPLE | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH EL-NATTAR | DIRECTOR Trustee or director | 1 | $0 |
| AMY HENECKE | DIRECTOR Trustee or director | 1 | $0 |
| GRETCHEN C BYRD | DIRECTOR Trustee or director | 1 | $0 |
| JENNIE REYNOLDS | DIRECTOR Trustee or director | 1 | $0 |
| JENNIFER SAGER GENTRY | DIRECTOR; EXECUTIVE DIRECT Trustee or director, Officer | 35 | $0 |
| JOHN J RAINONE | DIRECTOR Trustee or director | 1 | $0 |
| JULIA GILLIAM STERLING | DIRECTOR Trustee or director | 1 | $0 |
| JUSTIN BALLARD | DIRECTOR Trustee or director | 1 | $0 |
| KAREN I CAMPBELL | DIRECTOR Trustee or director | 1 | $0 |
| LEAH FRIED SEDWICK | DIRECTOR Trustee or director | 1 | $0 |
| MARY MORRIS | DIRECTOR Trustee or director | 1 | $0 |
| MAURICE JONES | DIRECTOR Trustee or director | 1 | $0 |
| PHILIP H GOODPASTURE GENERAL COUNSE | DIRECTOR Trustee or director | 1 | $0 |
| RONALD H HOLMES | DIRECTOR Trustee or director | 1 | $0 |
| ASHBY KILGORE | DIRECTOR Trustee or director | 1 | $0 |
| STEWART ROBERSON | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1.5 | $0 |
| MICHAEL O'KANE | DIRECTOR Trustee or director | 1 | $0 |
| XAVIER BEALE | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 300 ARBORETUM PL STE 200, N CHESTERFLD, VA 23236-3473
- In care of
- %
- Principal officer (990 for 2024)
- DR KENNETH C ALEXANDER, 300 ARBORETUM PARKWAY SUITE 200, RICHMOND, VA 23236
- Signed the 990
- DR KENNETH C ALEXANDER, VCSP AND EXECUTIVE DIRECTOR
- Phone
- (804) 819-4962
- Website
- WWW.VFCCE.ORG
- Return prepared by
- BROWN EDWARDS & COMPANY LLP
Mission
THE VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION (VFCCE) MISSION IS BUILDING STUDENT SUCCESS AND THE COMMONWEALTH'S FUTURE BY SUPPORTING VIRGINIA'S COMMUNITY COLLEGES. VFCCE PROVIDES STATEWIDE LEADERSHIP IN RAISING FUNDS FOR COMMUNITY COLLEGE STUDENTS, SUPPLEMENTING THE ACTIVITIES OF THE 23 COLLEGES AND SECURING SUPPORT FOR SYSTEM-WIDE INITIATIVES THAT COULD NOT BE UNDERTAKEN BY ANY SINGLE COLLEGE.
Program accomplishments
- SCHOLARSHIPS SINCE 2006, THE FOUNDATION HAS SUPPORTED HUNDREDS OF STUDENTS ACROSS VIRGINIA'S 23 COMMUNITY COLLEGES THROUGH ITS SCHOLARSHIPS AND FELLOWSHIPS PROGRAM. THANKS TO OUR GENEROUS PARTNERS, THE VFCCE HAS AWARDED MORE THAN $7 MILLION IN SCHOLARSHIPS, HELPING STUDENTS SUCCEED AND REACH THEIR EDUCATIONAL GOALS. FOR THE 2024 -25 ACADEMIC YEAR, 110 SCHOLARSHIPS WERE AWARDED, TOTALING $511,250. THE PRESTIGIOUS FELLOWS PROGRAM AWARDS HIGH-ACHIEVING SECOND-YEAR STUDENTS WITH FULL SCHOLARSHIP SUPPORT TO COMPLETE ASSOCIATE DEGREES AND DEVELOP LEADERSHIP SKILLS THROUGH A COHORT MODEL. SINCE ITS LAUNCH IN 2011, THE FELLOWS PROGRAM HAS SUPPORTED 348 STUDENTS THROUGH FINANCIAL ASSISTANCE, MENTORING, AND LEADERSHIP TRAINING.COLLEGE ATTAINMENT FOR PARENT STUDENTS (CAPS)THE VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION (VFCCE) LAUNCHED A CRITICAL INITIATIVE IN 2023 TO SUPPORT SINGLE PARENTS FROM LOW-INCOME BACKGROUNDS AS THEY PURSUE COLLEGE. THE COLLEGE ATTAINMENT FOR PARENT STUDENTS (CAPS) PROGRAM ADVANCES A TWO-GENERATION, ANTI-POVERTY SOLUTION THAT INCREASES EMPLOYMENT AND INCOME OPPORTUNITIES BY PROVIDING COMPREHENSIVE COACHING SERVICES AND TARGETED FINANCIAL ASSISTANCE. THE PILOT PROGRAM SERVED 100 PARENT STUDENTS ACROSS FIVE COLLEGES PROVIDING DIRECT STUDENT SUPPORT THROUGH A COHORT MODEL AND HELPED TO IDENTIFY STRUCTURAL CHALLENGES THAT ARE HINDERING PARENT-STUDENT SUCCESS. CAPS WILL BE RELAUNCHED IN FALL 2025 TO ENGAGE MORE COLLEGES AND SUPPORT MORE PARENT STUDENTS STATEWIDE.SINCE MAY 2025, THE CAPS PROGRAM HAS SUCCESSFULLY TRANSITIONED FROM ITS PILOT PHASE INTO A ROBUST STATEWIDE EXPANSION ACROSS THE VIRGINIA COMMUNITY COLLEGE SYSTEM. THE VISION FOR THIS EXPANSION IS TO GROW FROM AN INITIAL FIVE-COLLEGE PILOT SERVING 189 STUDENTS TO SUPPORTING UP TO 1,500 STUDENTS OVER THE NEXT THREE YEARS, WHILE CONTINUING TO DRIVE INCREASED GRADUATION AND RETENTION RATES. BY DEVELOPING AN INTEGRAL PROGRAM TOOL KIT AND GATHERING CRITICAL STUDENT DEMOGRAPHIC DATA, THE PROGRAM ESTABLISHED A DATA-DRIVEN INFRASTRUCTURE TO SUPPORT ONBOARDING COLLEGES. THIS EXPANSION WAS FURTHER STRENGTHENED BY OBTAINING ADDITIONAL FUNDING, ESTABLISHING A TIERED ALLOCATION MODEL BASED ON ENROLLMENT SIZE, AND CREATING STANDARDIZED GUIDELINES TO ENSURE EQUITABLE DISTRIBUTION. TO MAINTAIN HIGH-QUALITY IMPLEMENTATION, THE PROGRAM ALLOCATED RESOURCES TO THE ORIGINAL PILOT COLLEGES TO PROVIDE MENTORING AND LEADERSHIP THROUGH A NEWLY ESTABLISHED COMMUNITY OF PRACTICE FOR COACHES. CURRENTLY OPERATIONAL IN 21 OUT OF 23 COMMUNITY COLLEGES, CAPS HAS SEEN AN INCREASE OF ABOUT 700 ENROLLED PARENT STUDENTS. THE INITIATIVE CONTINUES TO ALIGN WITH STATEWIDE GOALS BY HOSTING COLLABORATIVE MEETINGS AND IMPACT SESSIONS. THESE SESSIONS FEATURE FORMER RECIPIENTS WHO SHARE THEIR EXPERIENCES, HIGHLIGHTING HOW COACHING AND FINANCIAL SUPPORT HAVE POSITIVELY TRANSFORMED THE ACADEMIC CAREERS OF STUDENT PARENTS.Expenses $3,139,387 · grants $2,819,857
- THE GREAT EXPECTATIONS (GE) PROGRAM HELPS YOUNG PEOPLE WHO HAVE NAVIGATED THE FOSTER CARE SYSTEM COMPLETE HIGH SCHOOL, GAIN ACCESS AND SUCCEED IN COLLEGE, AND TRANSITION SUCCESSFULLY TO LIVING INDEPENDENTLY. SINCE THE PROGRAM BEGAN 17 YEARS AGO, ALMOST 5000 STUDENTS HAVE PARTICIPATED WITH 22% EARNING A CREDENTIAL, ALMOST 3 TIMES THE NATIONAL AVERAGE FOR STUDENTS WITH EXPERIENCE IN FOSTER CARE.THE FALL 2024 TO FALL 2025 PERSISTENCE RATE FOR GE STUDENTS WAS 68%, WITH STUDENTS EARNING 47 ASSOCIATE DEGREES, 19 TRANSFERS TO 4-YEAR COLLEGES AND UNIVERSITIES, AND 9 FAST FORWARD WORKFORCE CREDENTIALS.Expenses $976,326 · grants $850,080
- THE GERALD L. BALILES RURAL VIRGINIA HORSESHOE INITIATIVE AWARD (RVHI), ESTABLISHED IN 2014, CONTINUES THE MISSION TO RAISE EDUCATIONAL ATTAINMENT LEVELS FOR STUDENTS IN RURAL VIRGINIA. RVHI PROVIDES CAREER COACHES IN RURAL HIGH SCHOOLS TO ENCOURAGE HIGH SCHOOL AND COLLEGE COMPLETION AND OFFERS FINANCIAL INCENTIVES AND TO ASSIST ADULT LEARNERS RETURN TO HIGHER EDUCATION AND TRAINING.FOURTEEN RURAL COMMUNITY COLLEGES PARTICIPATE IN THE PROGRAM. THE PROGRAM HAS TWO 10-YEAR GOALS. ONE IS TO REDUCE THE NUMBER OF RESIDENTS OF THE RURAL HORSESHOE REGION THAT HAVE NOT EARNED A HIGH SCHOOL DIPLOMA BY HALF, FROM 20% TO 10%. SINCE 2012, THAT METRIC HAS LOWERED TO 11.4%. THE OTHER IS TO DOUBLE THE POPULATION IN THE RURAL HORSESHOE WITH AN ASSOCIATE DEGREE OR CAREER CERTIFICATION. IN 2012, THAT PERCENTAGE WAS 26%. AS OF THIS REPORT, THAT METRIC IS UP TO 54.3%.SINCE THE PROGRAM'S INCEPTION, 110,365 STUDENTS WERE SERVED BY 28 HIGH SCHOOL CAREER COACHES, EITHER ON A ONE-TO-ONE BASIS, OR IN SMALL GROUPS. THANKS TO ENGAGED DONORS, THE VFCCE PROVIDES MATCH FUNDING THAT IS LEVERAGED BY LOCAL COLLEGE FOUNDATIONS TO SUPPORT THE PROGRAM.Expenses $689,344 · grants $689,194
- Expenses $2,223,832 · grants $1,804,761
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
- 23-7004354
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1975
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $17,083,226
- Income (IRS master file)
- $21,327,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $10,190,884 | $8,071,245 | $17,083,226 | IRS |
| 990 | June 2024 | $5,247,332 | $5,733,792 | $17,135,891 | IRS |
| 990 | June 2023 | $5,006,881 | $4,811,518 | $15,491,078 | XML |
| 990 | June 2022 | $5,888,244 | $3,788,599 | $14,266,260 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 23-7004354).
Questions about VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION
- What is the EIN of VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION?
- The employer identification number (EIN) of VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION is 23-7004354.
- Is VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1975.
- Are donations to VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION 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 VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION 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 VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION?
- The 990 for the year ended June 30, 2025 names DR KENNETH C ALEXANDER.
- Who are the officers and directors of VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION?
- The 990 for the year ended June 30, 2025 lists 23 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA FOUNDATION FOR COMMUNITY COLLEGE EDUCATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $10,190,884, expenses of $8,071,245 and total assets of $17,083,226 at year end.
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