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SOUTHWEST VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

SOUTHWEST VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

RICHLANDS, VA, US
501(c)(3)
EIN
54-1168575
funder logo

SOUTHWEST VIRGINIA COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

RICHLANDS, VA, US
501(c)(3)
EIN
54-1168575

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$2,612,016

Investments
35%
Contributions
33%
Government Grants
15%
Other
15%
Fundraising Events
2%
Program Services
0%
Membership Dues
0%
Expenses in 2024

$4,266,390

Grants
60%
Salaries & Benefits
12%
Other
9%
Depreciation
9%
Interest
4%
Fees to Service Providers
3%
Offices, Occupancy & IT
3%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$3,852,699
$874,560
-77%
Government Grants
$240,000
$389,504
+62%
Fundraising Events
$0
$49,545
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$551,617
$918,571
+67%
Other
$613,310
$379,836
-38%
Total Revenues
$5,257,626
$2,612,016
-50%
Expenses
2023
2024
Change
Grants
$1,800,173
$2,569,635
+43%
Benefits to Members
$0
$0
-
Salaries & Benefits
$296,909
$497,563
+68%
Fees to Service Providers
$116,192
$148,410
+28%
Advertising & Promotion
$3,102
$3,510
+13%
Offices, Occupancy & IT
$98,788
$143,520
+45%
Interest
$60,219
$153,053
+154%
Depreciation
$243,908
$364,737
+50%
Other
$195,067
$385,962
+98%
Total Expenses
$2,814,358
$4,266,390
+52%
Net income
2023
2024
Change
Net income
+$2,443,268
-$1,654,374
-168%
Functional Expenses
Summary
2023
2024
Change
Program
$2,253,196
$3,474,757
+54%
Admin
$505,316
$671,161
+33%
Fundraising
$55,846
$120,472
+116%
Total Expenses
$2,814,358
$4,266,390
+52%
Income Statement
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