MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION

EIN: 823149429 501(c)(3) Education

CLIFTON FORGE, VA

Total Revenue
$4,393,943
Total Expenses
$385,554
Total Assets
$7,430,717
Net Assets
$6,611,106
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Principal Officer
K KYLE KEYSER
Phone
5408632827
Tax Period
2024-07-01 to 2025-06-30

MOUNTAIN GATEWAY COMMUNITY COLLEGE REAL ESTATE FOUNDATION, founded in 2019, is a community nonprofit in the Education sector that reported $4.4M in total revenue in fiscal year 2024. Revenue surged 247% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.0M, a strong 91% operating margin.

Mission

TO SUPPORT MOUNTAIN GATEWAY COMMUNITY COLLEGE BY PURCHASING AND DEVELOPING PROPERTIES THAT WILL BE RENTED BY THE COLLEGE FOR USE AS CLASSROOM SPACES AND TRAINING CENTERS.

Program Service Accomplishments

Program 1
Expenses: $364,344 Revenue: $16,800

PURCHASE PROPERTIES IN BUENA VISTA, VA AND RENOVATE THEM IN ORDER TO CREATE A WORKFORCE CENTER THAT MOUNTAIN GATEWAY COMMUNITY COLLEGE CAN RENT FROM THE FOUNDATION TO DELIVER IN-DEMAND TRAINING FOR...

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PURCHASE PROPERTIES IN BUENA VISTA, VA AND RENOVATE THEM IN ORDER TO CREATE A WORKFORCE CENTER THAT MOUNTAIN GATEWAY COMMUNITY COLLEGE CAN RENT FROM THE FOUNDATION TO DELIVER IN-DEMAND TRAINING FOR ADVANCED MANUFACTURING, MACHINING,WELDING, HVAC AND DIESEL MECHANICS.

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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 $4,367,880
Program Service Revenue $16,800
Investment Income $8,168
Other Revenue $1,095
TOTAL REVENUE $4,393,943

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $9,880
Program Expenses $364,344
Other Expenses $385,554
TOTAL EXPENSES $385,554

Year-over-Year Comparison

2024 2023 Change
Revenue $4,393,943 $1,266,439 +2.5%
Expenses $385,554 $58,667 +5.6%
Net Income $4,008,389 $1,207,772 +2.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
15

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
3
$272,237
Total Directors
10
$272,237
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN J RAINONE SECRETARY 5.00
Officer Director
$0 $59,342 $272,237
MICHELLE AUSTIN TREASURER 2.00
Officer Director
$0 $0 $0
ANGELA D GRAHAM EX-OFFICIO 5.00
Director
$0 $0 $0
JANIE HARRIS PUBLIC DIREC 2.00
Director
$0 $0 $0
K KYLE KEYSER BOARD CHAIR 5.00
Officer Director
$0 $0 $0
TONY MCFADDIN PUBLIC DIREC 2.00
Director
$0 $0 $0
AMY PHILLIPS EX-OFFICIO 2.00
Director
$0 $0 $0
JOHN STONE EX-OFFICIO 2.00
Director
$0 $0 $0
DONNA P VAUGHN PUBLIC DIREC 2.00
Director
$0 $0 $0
STEVE VAUGHN PUBLIC DIREC 2.00
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 $4,393,943 $385,554 $7,430,717 $4,008,389
2024 $1,266,439 $58,667 $3,739,786 $1,207,772
2023 $460,380 $18,498 $1,394,945 $441,882
2022 $117,921 $14,760 $953,062 $103,161
2021 $854,274 $5,098 $849,901 $849,176
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