Brightpoint Community College Foundation Inc

Nonprofit profile at a glance

EIN
521389646
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Midlothian, VA, USA
Phone
8045941476
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Community or Junior Colleges

Official website

Reported finances

Revenue
$1,855,793
Expenses
$1,818,772
Assets
$11,959,650
Liabilities
$574,812

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • DR JEAN HALE (EXECUTIVE DIRECTOR)

People named in this filing

  • DR JEAN HALE (EXECUTIVE DIRECTOR)
  • JAMES MYERS (CHAIR)
  • DAVID LEDBETTER (1ST VICE CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The brightpoint community college foundation acquires vital resources that advance the college's mission to provide superior, affordable, and accessible education. The foundation seeks the time, talent, and financial support of alumni, individuals, businesses, civic groups, and private foundations in order to build relationships that ultimately help the college elevate the community's quality of life.

What it reported doing in 2024

During the fiscal year, brightpoint community college foundation provided more than $1,400,000 in support to the college and students, including approximately $375,000 in scholarships and grants and more than $1,025,000 in support for academic programs, faculty, equipment, student emergency aid, and other student support programs.

Operating model

Revenue model
Donor-supported. 83% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 87% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 93
  • Transparency & Controls: 94
  • Accountability: 97
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.2%; rating input score 97
  • Program expense ratio: 88.6%; rating input score 89
  • Fundraising efficiency: $82.74 raised per $1 spent on fundraising; rating input score 84; 84th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95%; rating input score 95; 25th percentile among comparable filings
  • Governance controls: 7 of 7 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 6.58; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 52; 52nd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 7.7% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 8.8% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: 4.9% per year; rating input score 100; 38th percentile among comparable filings

Details

  • Where the money goes: 97.2% of revenue deployed · 88.6% of spending went to programs
  • Governance: 19 of 20 board members independent · 7 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $1.6M in reported program spending
  • Leadership: top reported pay $0 · 20 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 42/100.
  • Review — Sustainability: Liabilities to assets ratio scored 52/100.