Nonprofit · EIN 82-3149429
MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION
Tax-exempt · CLIFTON FORGE, VA 24422
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,393,943 | $385,554 | $4,008,389 | $7,430,717 | $819,611 | $6,611,106 |
| June 30, 2024 | 990 | $1,266,439 | $58,667 | $1,207,772 | $3,739,786 | $1,137,069 | $2,602,717 |
| June 30, 2023 | 990 | $460,380 | $18,498 | $441,882 | $1,394,945 | $0 | $1,394,945 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $4,367,880
- of which government grants
- $2,809,880
- Program service revenue
- $16,800
- Investment income
- $8,168
- Other revenue
- $1,095
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $8,050
- Occupancy
- $14,701
- Depreciation
- $4,473
- Program services (functional)
- $364,344
- Management and general (functional)
- $11,330
- Fundraising (functional)
- $9,880
Balance sheet and other
- Total assets, start of year
- $3,739,786
- Total assets, end of year
- $7,430,717
- Total liabilities, end of year
- $819,611
- Net assets, end of year
- $6,611,106
- Land, buildings and equipment
- $6,410,716
- Net assets without donor restrictions
- $6,611,106
- Gross receipts
- $4,393,943
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2019
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN J RAINONE | SECRETARY Trustee or director, Officer | 5 | $0 | $212,895 | $59,342 |
| MICHELLE AUSTIN | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ANGELA D GRAHAM | EX-OFFICIO Trustee or director | 5 | $0 | $0 | $0 |
| JANIE HARRIS | PUBLIC DIREC Trustee or director | 2 | $0 | $0 | $0 |
| K KYLE KEYSER | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| TONY MCFADDIN | PUBLIC DIREC Trustee or director | 2 | $0 | $0 | $0 |
| AMY PHILLIPS | EX-OFFICIO Trustee or director | 2 | $0 | $0 | $0 |
| JOHN STONE | EX-OFFICIO Trustee or director | 2 | $0 | $0 | $0 |
| DONNA P VAUGHN | PUBLIC DIREC Trustee or director | 2 | $0 | $0 | $0 |
| STEVE VAUGHN | PUBLIC DIREC Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOHN J RAINONE | SECRETARY Trustee or director, Officer | 5 | $0 | $170,000 | $42,000 |
| MICHELLE AUSTIN | TREASURER Trustee or director, Officer | 2 | $0 | $0 | $0 |
| ANGELA D GRAHAM | PUBLIC DIREC Trustee or director | 5 | $0 | $0 | $0 |
| JANIE HARRIS | PUBLIC DIREC Trustee or director | 2 | $0 | $0 | $0 |
| K KYLE KEYSER | BOARD CHAIR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| TONY MCFADDIN | PUBLIC DIREC Trustee or director | 2 | $0 | $0 | $0 |
| AMY PHILLIPS | EX-OFFICIO Trustee or director | 2 | $0 | $0 | $0 |
| JOHN STONE | EX-OFFICIO Trustee or director | 2 | $0 | $0 | $0 |
| DONNA P VAUGHN | PUBLIC DIREC Trustee or director | 2 | $0 | $0 | $0 |
| STEVE VAUGHN | PUBLIC DIREC Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JOHN J RAINONE | SECRETARY Trustee or director, Officer | 5 | $0 | $212,000 |
| MICHELLE AUSTIN | PUBLIC DIREC Trustee or director | 2 | $0 | $0 |
| ANGELA D GRAHAM | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| JANIE HARRIS | PUBLIC DIREC Trustee or director | 2 | $0 | $0 |
| K KYLE KEYSER | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TONY MCFADDIN | PUBLIC DIREC Trustee or director | 2 | $0 | $0 |
| AMY PHILLIPS | EX-OFFICIO Trustee or director | 2 | $0 | $0 |
| JOHN STONE | EX-OFFICIO Trustee or director | 2 | $0 | $0 |
| DONNA P VAUGHN | PUBLIC DIREC Trustee or director | 2 | $0 | $0 |
| STEVE VAUGHN | PUBLIC DIREC Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 COLLEGE DR, CLIFTON FORGE, VA 24422-3310
- Mailing address (990-N for 2019)
- 1000 Dabney Drive, Clifton Forge VA 24422
- Principal officer (990 for 2024)
- K KYLE KEYSER, 1000 COLLEGE DRIVE, CLIFTON FORGE, VA 24422
- Principal officer (990-N for 2019)
- John Rainone, 1000 Dabney Drive, Clifton Forge VA 24422
- Signed the 990
- JOHN J RAINONE, SECRETARY
- Phone
- (540) 863-2827
- Return prepared by
- CAMPBELL & LINEBERRY PC
Mission
TO SUPPORT MOUNTAIN GATEWAY COMMUNITY COLLEGE BY PURCHASING AND DEVELOPING PROPERTIES THAT WILL BE RENTED BY THE COLLEGE FOR USE AS CLASSROOM SPACES AND TRAINING CENTERS.
Program accomplishments
- PURCHASE PROPERTIES IN BUENA VISTA, VA AND RENOVATE THEM IN ORDER TO CREATE A WORKFORCE CENTER THAT MOUNTAIN GATEWAY COMMUNITY COLLEGE CAN RENT FROM THE FOUNDATION TO DELIVER IN-DEMAND TRAINING FOR ADVANCED MANUFACTURING, MACHINING,WELDING, HVAC AND DIESEL MECHANICS.Expenses $364,344 · revenue $16,800
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
- 82-3149429
- 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
- 2020
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $7,430,717
- Income (IRS master file)
- $4,393,943
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,393,943 | $385,554 | $7,430,717 | IRS |
| 990 | June 2024 | $1,266,439 | $58,667 | $3,739,786 | XML |
| 990 | June 2023 | $460,380 | $18,498 | $1,394,945 | XML |
| 990 | June 2022 | $117,921 | $14,760 | $953,062 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-N for 2019 Officer: John Rainone | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-3149429).
Questions about MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION
- What is the EIN of MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION?
- The employer identification number (EIN) of MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION is 82-3149429.
- Is MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION 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 MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION 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 MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION 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 MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION?
- The 990 for the year ended June 30, 2025 names K KYLE KEYSER.
- Who are the officers and directors of MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,393,943, expenses of $385,554 and total assets of $7,430,717 at year end.
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