VIRGINIA PENINSULA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION

EIN: 521217532 501(c)(3) Education

HAMPTON, VA

Total Revenue
$3,532,720
Total Expenses
$2,201,302
Total Assets
$16,673,727
Net Assets
$16,503,332
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
VA
Principal Officer
STEVEN FELKER
Phone
7578252716
Tax Period
2024-07-01 to 2025-06-30

VIRGINIA PENINSULA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION, founded in 1979, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2024. Revenue fell 34% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 38% operating margin.

Mission

THE VIRGINIA PENINSULA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION IS A PRIVATE,NON-PROFIT, TAX EXEMPT ORGANIZATION DEDICATED TO ADVANCING AND FINANCIALLY SUPPORTING EDUCATIONAL EXCELLENCE AT VIRGINIA PENINSULA COMMUNITY COLLEGE. IT ALSO ENHANCES ACCESS TO HIGHER EDUCATIONAL OPPORTUNITIES AT THE COLLEGE BY REDUCING FINANCIAL BARRIERS FOR VIRGINIA PENINSULA COMMUNITY COLLEGE STUDENTS.

Program Service Accomplishments

Program 1
Expenses: $1,723,335

THE FOUNDATION PROVIDES FUNDS TO VIRGINIA PENINSULA COMMUNITY COLLEGE FOR GRANTS, SCHOLARSHIPS AND EMERGENCY ASSISTANCE TO STUDENTS ATTENDING THE COLLEGE.

Program 2
Expenses: $33,458

THE FOUNDATION PROVIDED SUPPORT TO VARIOUS OUTREACH PROGRAMS OF VIRGINIA PENINSULA COMMUNITY COLLEGE AND TO THE COLLEGE ITSELF.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $714,970
Program Service Revenue $0
Investment Income $2,816,463
Other Revenue $1,287
TOTAL REVENUE $3,532,720

Expense Breakdown

Grants Paid $1,756,793
Salaries & Benefits $202,125
Fundraising Expenses $140,196
Program Expenses $1,756,793
Other Expenses $242,384
TOTAL EXPENSES $2,201,302

Year-over-Year Comparison

2024 2023 Change
Revenue $3,532,720 $5,336,800 -0.3%
Expenses $2,201,302 $1,447,212 +0.5%
Net Income $1,331,418 $3,889,588 -0.7%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
18
Independent Members
16
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$617,013
Total Directors
21
$617,013
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR PORTER BRANNON FOUNDATION S 1.00
Officer Director
$0 $19,352 $259,194
STEVE CARPENTER FOUNDATION T 1.00
Officer Director
$0 $30,808 $187,576
STEVEN FELKER VP INST EFFE 5.00
Officer Director
$0 $25,056 $170,243
TRACY ASHLEY EXECUTIVE DI 36.00
$0 $11,208 $131,061
CRYSTAL B BRIGHT BOARD MEMBER 1.00
Director
$0 $0 $0
ALEXANDER BURNETTE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID R BURRIS BOARD MEMBER 1.00
Director
$0 $0 $0
SAMAR CHOPRA BOARD VICE P 1.00
Officer Director
$0 $0 $0
DUSTIN DEVORE BOARD MEMBER 1.00
Director
$0 $0 $0
DR ANGELA GILES BOARD MEMBER 1.00
Director
$0 $0 $0
KEVIN GOETZ BOARD MEMBER 1.00
Director
$0 $0 $0
AIMEE GOOCH FINANCE COMM 1.00
Director
$0 $0 $0
JESSE GOODRICH BOARD PRESID 1.00
Officer Director
$0 $0 $0
WILLIAM GRACE BOARD MEMBER 1.00
Director
$0 $0 $0
PATRESE HALL FOUNDATION A 20.00
Director
$0 $0 $0
DUDLEY HARRIS BOARD MEMBER 1.00
Director
$0 $0 $0
MATT HETTCHE BOARD MEMBER 1.00
Director
$0 $0 $0
MICHELLE MANFRED COORD. FOR D 10.00
Director
$0 $0 $0
ROSS A MUGLER BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES SOUTHALL BOARD MEMBER 1.00
Director
$0 $0 $0
TINA STIMSON BOARD MEMBER 1.00
Director
$0 $0 $0
A'KEEN WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $3,532,720 $2,201,302 $16,673,727 $1,331,418
2024 $5,336,800 $1,447,212 $16,431,465 $3,889,588
2023 $1,346,030 $1,138,440 $11,943,791 $207,590
2022 $1,965,086 $795,872 $11,377,693 $1,169,214
2021 $1,247,113 $979,522 $12,685,200 $267,591
2020 $1,665,829 $1,035,750 $10,413,967 $630,079
2019 $1,509,814 $1,212,977 $10,022,271 $296,837
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