SOUTHSIDE VIRGINIA COMMUNITY COLLEGE FOUNDATION INC

EIN: 521238450 501(c)(3) Education

ALBERTA, VA

Total Revenue
$2,055,594
Total Expenses
$1,491,764
Total Assets
$9,852,295
Net Assets
$8,928,727
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
VA
Principal Officer
SHANNON FEINMAN
Phone
4349491000
Tax Period
2023-07-01 to 2024-06-30

SOUTHSIDE VIRGINIA COMMUNITY COLLEGE FOUNDATION INC, founded in 1980, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2018. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $270K, a strong 20% operating margin.

Mission

TO FOSTER AND PROMOTE THE GROWTH, PROGRESS AND GENERAL WELFARE OF THE SOUTHSIDE VIRGINIA COMMUNITY COLLEGE AND THE VIRGINIA COLLEGE SYSTEM.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,872,778
Program Service Revenue $0
Investment Income $182,816
Other Revenue $0
TOTAL REVENUE $2,055,594

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,353,366
Other Expenses $1,491,764
TOTAL EXPENSES $1,491,764

Year-over-Year Comparison

2023 2022 Change
Revenue $2,055,594 $2,113,496 0.0%
Expenses $1,491,764 $1,343,131 +0.1%
Net Income $563,830 $770,365 -0.3%
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
18
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
4
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT F PECHT III PRESIDENT 2.00
Officer Director
$0 $0 $0
CARTHAN F CURRIN III VICE-PRESIDE 2.00
Officer Director
$0 $0 $0
QUENTIN R JOHNSON SECRETARY 2.00
Officer Director
$0 $0 $0
SHANNON FEINMAN TREASURER 2.00
Officer Director
$0 $0 $0
CHRIS BAILEY DIRECTOR 1.00
Director
$0 $0 $0
HAZEL BAKER DIRECTOR 1.00
Director
$0 $0 $0
C BUTLER BARRETT DIRECTOR 1.00
Director
$0 $0 $0
JIM COLON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT LEDBETTER DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN E PARKER DIRECTOR 1.00
Director
$0 $0 $0
MARY G REED DIRECTOR 1.00
Director
$0 $0 $0
RONALD A THORNHILL DIRECTOR 1.00
Director
$0 $0 $0
JEREMY SATTERFIELD DIRECTOR 1.00
Director
$0 $0 $0
SID SMYTH DIRECTOR 1.00
Director
$0 $0 $0
J ROBERT SNODDY DIRECTOR 1.00
Director
$0 $0 $0
SHERYL D SWINSON DIRECTOR 1.00
Director
$0 $0 $0
ROBERT VAUGHN DIRECTOR 1.00
Director
$0 $0 $0
ROBERT C WRENN DIRECTOR 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 No data No data No data No data
2024 $2,055,594 $1,491,764 $9,852,295 $563,830
2023 $2,113,496 $1,343,131 $8,434,011 $770,365
2022 $1,204,135 $718,414 $7,627,840 $485,721
2021 $1,218,107 $817,970 $7,598,695 $400,137
2020 $1,405,485 $1,348,742 $6,294,532 $56,743
2019 $1,322,371 $1,052,419 $6,318,346 $269,952
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