Virginia Western Community College Educational Foundation Inc

Nonprofit profile at a glance

EIN
521200913
IRS 990 coverage
2011–2023
Forms available
Form 990 2023
Location
Roanoke, VA, USA
Phone
5408576020
Rating
84
Verdict
STRONG
Rating confidence
Standard
Sector
Community or Junior Colleges

Official website

Reported finances

Revenue
$2,414,425
Expenses
$1,596,124
Assets
$34,569,671
Liabilities
$176,325

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

32 people listed

Executive titles in this filing

  • DR ROBERT H SANDEL (COLLEGE PRESIDENT)

People named in this filing

  • DR ROBERT H SANDEL (COLLEGE PRESIDENT)
  • DEBORAH L PETRINE (BOARD CHAIR)
  • RUSS ELLETT (BOARD 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 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Virginia western community college educational foundation, inc., is an independent not-for-profit foundation dedicated to enhancing community awareness of the college; securing private and public funds for student scholarships, faculty development and capital projects; and providing prudent fiscal management of monies and properties submitted to the foundation.

What it reported doing in 2023

Provide scholarships, grants, and program support to students, faculty, and academic departments of Virginia western community college. The foundation administers approximately 84 endowed and 83 non-endowed scholarship grant funds. The expense totals do not include the value of donated staff of $211,527 and donated facilities of $10,841.

Operating model

Revenue model
Donor-supported. 86% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 78% of its reported program spending out as grants.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Revenue has declined or grown slowly and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 100
  • Accountability: 92
  • Sustainability: 91
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.1%; rating input score 65
  • Program expense ratio: 74.4%; rating input score 74
  • Fundraising efficiency: $34.81 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 96.9%; rating input score 97; 26th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 33.9%; rating input score 87; 87th percentile among comparable filings
  • Total-asset coverage ratio: 21.66; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 90; 90th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 92; 92nd percentile among comparable filings

Growth

  • Program expense growth: 6.1% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: -1.9% per year; rating input score 0; 8th percentile among comparable filings
  • Asset growth: 10.6% per year; rating input score 100; 61st percentile among comparable filings

Details

  • Where the money goes: 65.1% of revenue deployed · 74.4% of spending went to programs
  • Governance: 31 of 32 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $0 · 32 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 12 filing years from 2011 to 2023
  • 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.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.