2024-10-28T07:33:19-07:00 2024-06-30 208087076 Foti Flynn Lowen & Co PC PO Box 12765 Roanoke VA 24028 990 2023-07-01 208407010 MHC ACADEMIC FOUNDATION MHCA 2764034445 PO BOX 492 MARTINSVILLE VA 24114 KEVIN DEKONINCK Executive Director 2024-10-28 true true BRADLEY J DAVIS CPA P00695707 5403449246 2023 2024-10-15 13:58:12Z PO BOX 492 MARTINSVILLE VA 24114 3587810 false X mhcaf.org X 2006 VA TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR THE DISSEMINATION OF EDUCATION IN MARTINSVILLE AND HENRY COUNTY, VIRGINIA, INCLUDING BUT NOT LIMITED TO SUPPORT OF NEW COLLEGE INSTITUTE. 6 6 2 0 19300 -18835 0 650438 782137 0 669738 763302 106500 58165 0 89304 89816 0 0 125175 135902 320979 283883 348759 479419 13028839 14498458 43506 7154 12985333 14491304 TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR THE DISSEMINATION OF EDUCATION IN MARTINSVILLE AND HENRY COUNTY, VIRGINIA, INCLUDING BUT NOT LIMITED TO SUPPORT OF NEW COLLEGE INSTITUTE. false false 77871 FOUNDATION ENCOURAGED AND COORDINATED THE DEVELOPMENT AND DELIVERY OF DEGREE PROGRAMS AND OTHER CREDIT AND NON-CREDIT COURSES FOR THE PURPOSE OF SATISFYING STATEWIDE CRITICAL SHORTAGE AREAS AND INDUSTRY NEEDS. THIS WAS ACCOMPLISHED BY PROVIDING DIRECT AND INDIRECT SUPPORT TO NEW COLLEGE INSTITUTE AND TO THOSE STUDENTS ATTENDING. 77871 true true false false false false false false false true true false false false false false true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false true 3 0 true 2 true false false false false false false false 0 false false false false false false false X 6 6 false false false false false false false true true false false true true true true true true true false false X X THE FOUNDATION 2764035606 5 EAST CHURCH STREET MARTINSVILLE VA 24112 KEVIN DEKONINCK Executive Dir. 40.00 0.00 X 78500 0 0 SIMONE REDD CHAIRWOMAN 1.50 0.00 X X 1200 0 0 CARY WRIGHT MEMBER 1.50 0.00 X 0 0 0 SCHNIKA HODGE Secretary 1.50 0.00 X X 0 0 0 DR JAMES ROUNTREE VICE CHAIR 1.50 0.00 X X 0 0 0 JONATHAN MARTIN Treasurer 1.50 0.00 X X 0 0 0 DR RACHEL HODGE MEMBER 1.50 0.00 X 0 0 0 79700 0 false false false 0 -24835 6000 -18835 0 317445 317445 0 0 0 3289200 2824508 464692 464692 464692 0 0 0 0 763302 782137 35165 35165 23000 23000 0 0 76200 7620 68580 0 1503 150 1353 2358 236 2122 3600 360 3240 6155 616 5539 0 54440 54440 28726 28726 0 0 15388 15388 0 0 6308 6308 0 0 3600 360 3240 2635 264 2371 0 0 0 0 110 110 19639 9819 9820 Bank Charges 1483 148 1335 TELEPHONE 1330 133 1197 Accreditation & Memberships 1198 1198 MISC 1045 1045 0 283883 77871 206012 0 322708 210118 0 0 0 0 0 0 0 4983 12017 5200 5200 110 0 12701038 14276323 0 0 0 0 13028839 14498458 43506 7154 43506 7154 X 11187800 12655265 1797533 1836039 12985333 14491304 13028839 14498458 479419 1026552 X false true X true false X 26734 150454 311900 19300 -18835 489553 0 0 26734 150454 311900 19300 -18835 489553 45980 443573 75262 181465 260780 275255 317445 1110207 0 46 677 723 1600483 501401 0.27710 0.34950 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12180429 5000 1793301 223000 13755730 11317702 5000 1100227 242500 12180429 12708946 5300 -1216644 179900 11317702 831588 11625586 278772 27000 12708946 1490281 5000 -241342 17000 405351 831588 0.91270 0.04360 0.04370 false false false 5200 5200 1774466 1026552 1026552 747914 15388 15388 763302 268495 268495 15388 15388 283883 true NEW COLLEGE INSTITUTE 191 FAYETTE ST MARTINSVILLE VA 24112 611505770 35165 0 CASH VALUE DEVELOP ADDITIONAL PROGRAMS 1 0 SCHOLARSHIPS FOR STUDENTS ATTENDING NEW COLLEGE INSTITUTE 8 23000 Form 990, Part VI, Section B, Line 11b Reviewed internally by staff. Then reviewed by Audit Committee and presented to the Board for review. Form 990, Part VI, Section B, Line 15a REVIEW OF SALARIES FOR SIMILAR POSITIONS AND EDUCATIONAL LEVELS ARE APPROVED BY THE BOARD. Form 990, Part VI, Section B, Line 15b OFFICERS DO NOT RECEIVE COMPENSATION. NO EMPLOYEES EARN MORE THAN $100,000. Form 990, Part VI, Section C, Line 19 UPON REQUEST.