MOUNTAIN GATEWAY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

EIN: 541547596 501(c)(3) Philanthropy & Grantmaking

CLIFTON FORGE, VA

Total Revenue
$433,611
Total Expenses
$664,145
Total Assets
$9,295,899
Net Assets
$9,247,349
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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
VA
Principal Officer
AMY PHILLIPS
Phone
5408632837
Tax Period
2023-01-01 to 2023-12-31

DABNEY S LANCASTER COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC is a small nonprofit in the Philanthropy & Grantmaking sector that reported $932K in total revenue in fiscal year 2018. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $309K, a strong 33% operating margin.

Mission

TO SUPPORT MOUNTAIN GATEWAY COMMUNITY COLLEGE BY HELPING TO PROVIDE AN ACCESSIBLE, QUALITY EDUCATION FOR STUDENTS IN THE SERVICE AREA OF THE COMMUNITY COLLEGE, WHILE ALSO PROVIDING FACULTY GRANTS AND PURCHASING NEW EQUIPMENT AND TECHNOLOGY FOR CLASSROOM USE.

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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 $235,127
Program Service Revenue $0
Investment Income $200,658
Other Revenue $-2,174
TOTAL REVENUE $433,611

Expense Breakdown

Grants Paid $366,397
Salaries & Benefits $0
Fundraising Expenses $40,957
Program Expenses $509,548
Other Expenses $297,748
TOTAL EXPENSES $664,145

Year-over-Year Comparison

2023 2022 Change
Revenue $433,611 $1,206,418 -0.6%
Expenses $664,145 $798,694 -0.2%
Net Income $-230,534 $407,724 -1.6%
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
21
Independent Members
19
Employees
N/A
Volunteers
21

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
6
$307,075
Total Directors
21
$208,319
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR JOHN RAINONE BOARD SECRETARY/COLLEGE PRESIDENT 1.00
Officer Director
$0 $21,916 $208,319
JOHN STONE PRESIDENT 2.00
Officer Director
$0 $0 $0
LOIS SWITZER 1ST VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
DONNA BEIRNE 2ND VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
KATHY BRYANT TREASURER 1.00
Officer Director
$0 $0 $0
NICK MOGA PAST PRESIDENT 1.00
Director
$0 $0 $0
MARGARET BURKS BOARD MEMBER 1.00
Director
$0 $0 $0
TAMMY SCRUGGS DUNCAN BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN FRISKI BOARD MEMBER 1.00
Director
$0 $0 $0
JULIE GOYETTE BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE GUMM-GROSECLOSE BOARD MEMBER 1.00
Director
$0 $0 $0
REBECCA JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
HELEN E KOSTEL BOARD MEMBER 1.00
Director
$0 $0 $0
JEFFREY LINGERFELT BOARD MEMBER 1.00
Director
$0 $0 $0
RAY LIPES BOARD MEMBER 1.00
Director
$0 $0 $0
PAMELA MADISON BOARD MEMBER 1.00
Director
$0 $0 $0
ELAINE NELSON BOARD MEMBER 1.00
Director
$0 $0 $0
DONNA VAUGHN BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE VAUGHN BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH WEDDLE BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM T WILSON BOARD MEMBER 1.00
Director
$0 $0 $0
AMY PHILLIPS EXECUTIVE DIRECTOR 26.00
Officer
$0 $28,212 $98,756
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
2024 No data No data No data No data
2023 $433,611 $664,145 $9,295,899 $-230,534
2022 $1,206,418 $798,694 $8,824,532 $407,724
2021 $862,172 $550,773 $9,103,811 $311,399
2020 $612,679 $447,979 $8,404,227 $164,700
2019 $1,061,385 $606,003 $8,344,648 $455,382
2018 $932,400 $623,299 $7,284,064 $309,101
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