2020-11-16T07:52:53-06:00 2020-06-30 BDO USA LLP 150 Boush Street Suite 1100 Norfolk VA 23510 990 2019-07-01 541440734 Access College Foundation % PAMELA JIMERSON ACCE 7579626113 2555 Ellsmere Avenue Suite 110 Norfolk VA 23513 BONNIE SUTTON PRESIDENT/CEO 7579627285 2020-11-16 true James E Prince III P00559346 7576407190 2020-11-16 70.160.16.68 54222620203215000002 2020-11-16 P CD20C639064E5323A576B6DADCB5D8D641F2BD99 43F1791EC8C5CA1F20FD56D5F8567203A611C732 2019 2021-01-29 14:40:06Z BONNIE SUTTON 2555 Ellsmere Avenue110 Norfolk VA 23513 6680267 false X www.accesscollege.org X 1988 VA The Access College Foundation helps students in the public high schools of S.Hampton Roads, N. Hampton Co. and Western Tidewater go to College or other postsecondary training. 36 35 48 55 39614 2291989 3200888 0 0 468672 697106 191688 8000 2952349 3905994 666736 661673 0 0 2994299 3126082 0 0 611071 733525 712510 4394560 4500265 -1442211 -594271 54397152 54408829 209588 303932 54187564 54104897 THE PURPOSE OF THE FOUNDATION IS TO PROVIDE EDUCATIONAL PATHWAYS LEADING TO CERTIFICATION OR COLLEGE DEGREE ATTAINMENT AND CAREER OPPORTUNITIES FOR STUDENTS, PARTICULARLY THOSE WHO MAY NOT OTHERWISE HAVE ACCESS. ACCESS COLLEGE FOUNDATION ACCOMPLISHES ITS MISSION BY PROVIDING VARYING TYPES OF SERVICES TO STUDENTS FROM MIDDLE SCHOOL THROUGH COLLEGE GRADUATION. THESE SERVICES INCLUDE STUDENTS RECEIVING COLLEGE INFORMATION IN GROUP SETTINGS, STUDENTS RECEIVING ONE-ON-ONE ADVISORY SERVICES FOR POSTSECONDARY EDUCATIONAL PLANNING AND IMPLEMENTATION OF THE APPLICATION AND FINANCIAL AID PROCESSES, AND CAREER OPPORTUNITIES FOR STUDENTS COMPLETING THEIR CERTIFICATION DEGREE PROGRAMS. THESE SERVICES WERE PROVIDED BOTH IN PERSON AND VIRTUALLY/REMOTELY. false false 3422528 661673 HIGH SCHOOL PROGRAM AND COLLEGE SUCCESS PROGRAM: THE FOUNDATION PROVIDED POSTSECONDARY EDUCATION PLANNING TO MORE THAN 5,467 HIGH SCHOOL JUNIORS, SENIORS AND COLLEGE STUDENTS DURING 2019 AND 5,200 IN 2018. OF THOSE STUDENTS 3,816 FAMILIES (70%), WERE VERIFIED TO BE LOW-INCOME IN 2019 AND 3,965 (76%), WERE VERIFIED TO BE LOW-INCOME IN 2018. POSTSECONDARY EDUCATION PLANNING INCLUDES: SCHOOL-BASED AND VIRTUAL ADVISORY SERVICES FOR COLLEGE AND POSTSECONDARY TRAINING PREPARATION AND SUCCESS; COLLEGE APPLICATION/ TESTING FEE PAYMENTS; GUIDANCE THROUGH THE ADMISSIONS PROCESS; COLLEGE TOURS TO PROSPECTIVE CAMPUSES; AND THE LEVERAGING OF FINANCIAL AID, SCHOLARSHIPS, AND GRANTS NEEDED TO ATTEND COLLEGE OR OTHER POSTSECONDARY TRAINING. EACH STUDENT COMPLETES A "FEE WAIVER APPLICATION" AT THE BEGINNING OF THE SCHOOL YEAR FOR OUR USE IN DETERMINING THEIR LEVEL OF POVERTY, BASED ON FEDERAL GUIDELINES, TO RECEIVE FEE WAIVERS AND FEE PAYMENTS MADE BY ACCESS ON THEIR BEHALF. WHEN FINANCIAL AID FORMS (FAFSAS) ARE FILED FOR THESE STUDENTS AND OUR COLLEGE STUDENTS, THE FAMILY SIZE AND INCOME INFORMATION IS CAPTURED AND UPDATED THROUGH ACTUAL TAX RETURNS. THIS INFORMATION WAS USED TO VERIFY THAT 70% OF THE STUDENTS IN 2019 AND 76% OF THE STUDENTS IN 2018 BELONGED TO A FAMILY WHOSE ANNUAL HOUSEHOLD INCOME WAS NOT IN EXCESS OF 300% OF THE FEDERAL POVERTY GUIDELINES. EARLY COLLEGE AWARENESS: WITH OUR FOUNDATION'S PRIMARY TARGET BEING STUDENTS FROM LOW-INCOME FAMILIES WHO MAY NOT OTHERWISE HAVE ACCESS, WE BEGIN LAYING THE GROUNDWORK OF EARLY COLLEGE AWARENESS/READINESS ACTIVITIES TO MIDDLE SCHOOL STUDENTS IN THE 7TH AND 8TH GRADES AND THEN FOLLOW THEM INTO HIGH SCHOOL IN THE 9TH AND 10TH GRADES. MUCH OF THIS WORK IS DONE IN GROUP SETTINGS AND STUDENTS IN THESE GRADE LEVELS DO NOT DISCLOSE THEIR FAMILY'S FINANCIAL INFORMATION IN ORDER TO RECEIVE SERVICES. WE DO KNOW THAT THE SCHOOLS THESE STUDENTS ATTEND HAVE A MAJORITY POPULATION RECEIVING FREE- OR REDUCED- LUNCH. ADDITIONALLY, WHILE OUR MISSION IS TO SERVE LOW-INCOME STUDENTS, WE KNOW THAT IN THE PROCESS OF PROVIDING POSTSECONDARY EDUCATION PLANNING TO THESE LOW-INCOME STUDENTS, OTHER STUDENTS MAY RECEIVE INFORMATION OR BENEFIT FROM ACTIVITIES PROVIDED IN GROUP SETTINGS. 3422528 true true false false false false false false false true true true false false false false true false false false false false false false false false false false true true false false false false false false false false true false false false false false false false false true 2 0 true 48 true true true false false false false false true 1 false false true false false false X 36 35 true false false false false false false true true false false true true true true true true true false false VA X X X PAMELA JIMERSON 7579626113 2555 ELLSMERE AVENUE SUITE 110 NORFOLK VA 23513 BONNIE B SUTTON PRESIDENT AND CEO 37.5 0.0 X X 231135 0 8292 MARK COMPTON DIRECTOR 0.2 0.0 X 0 0 0 CONRAD M HALL DIRECTOR 0.2 0.0 X 0 0 0 FRANK BATTEN JR Chairman Emeritus 0.2 0.0 X X 0 0 0 JOAN P BROCK Director 0.2 0.0 X 0 0 0 CHARLES BIRDSONG DIRECTOR 0.2 0.0 X 0 0 0 CHRIS GRAVES DIRECTOR 0.2 0.0 X 0 0 0 RONALD C RIPLEY DIRECTOR 0.2 0.0 X 0 0 0 LOUIS RYAN DIRECTOR 0.2 0.0 X 0 0 0 MAURICE D SLAUGHTER DIRECTOR 0.2 0.0 X 0 0 0 THOMAS G JOHNSON JR DIRECTOR 0.2 0.0 X 0 0 0 R BRUCE BRADLEY DIRECTOR 0.2 0.0 X 0 0 0 DAWN S GLYNN DIRECTOR 0.2 0.0 X 0 0 0 ALFRED M RANDOLPH JR Secretary 1.0 0.0 X X 0 0 0 LEMUEL E LEWIS TREASURER 1.0 0.0 X X 0 0 0 ALLISON MCDUFFIE DIRECTOR 0.2 0.0 X 0 0 0 SCOTT CARR DIRECTOR 0.2 0.0 X 0 0 0 MARK A JOHNSON DIRECTOR 0.2 0.0 X 0 0 0 DR Aaron Spence DIRECTOR 0.2 0.0 X 0 0 0 AUDREY SETTLE DIRECTOR 0.2 0.0 X 0 0 0 JANE R SHORT DIRECTOR 0.2 0.0 X 0 0 0 VICKY McPHERSON DIRECTOR 0.2 0.0 X 0 0 0 JOHN STEIN DIRECTOR 0.2 0.0 X 0 0 0 LEWIS W WEBB III DIRECTOR 0.2 0.0 X 0 0 0 WAYNE WILBANKS DIRECTOR 0.2 0.0 X 0 0 0 DAVID MELE Chairman 1.0 0.0 X X 0 0 0 AMANDA GIFT Director 0.2 0.0 X 0 0 0 T RICHARD LITTON JR Director 0.2 0.0 X 0 0 0 OWEN GRIFFIN DIRECTOR 0.2 0.0 X 0 0 0 WENDI BUTLER DIRECTOR 0.2 0.0 X 0 0 0 JIM SHUMADINE DIRECTOR 0.2 0.0 X 0 0 0 JAMES NOEL DIRECTOR 0.2 0.0 X 0 0 0 REED ATKINS DIRECTOR 0.2 0.0 X 0 0 0 STEPHANIE CALLIOTT DIRECTOR 0.2 0.0 X 0 0 0 EVAN KALFUS DIRECTOR 0.2 0.0 X 0 0 0 DON SCOTT DIRECTOR 0.2 0.0 X 0 0 0 231135 0 8292 1 false true false 0 3200888 1205719 3200888 0 742671 39614 703057 0 0 0 0 0 2728708 0 2722051 52222 6657 -52222 -45565 -45565 0 0 0 0 0 0 0 0 0 MISCELLANEOUS 8000 8000 8000 3905994 39614 665492 0 661673 661673 0 0 190000 83600 43700 62700 0 2254876 1839792 138281 276803 0 507318 425571 34732 47015 173888 136280 12359 25249 0 0 36500 36500 0 0 59509 59509 0 50005 12547 9036 28422 60706 27773 21846 11087 84227 34090 6459 43678 0 0 29598 27987 642 969 0 102023 16455 14529 71039 0 0 69580 35311 14779 19490 18663 18302 361 PRINTING AND PUBLICATIONS 36074 11471 10839 13764 SCHOOL EVENTS/AWARENESS 75187 75187 REPAIRS & MAINTENANCE 20478 11018 3465 5995 STAFF RECOGNITION 7265 5407 692 1166 62695 18366 40996 3333 4500265 3422528 466666 611071 1177000 1199113 3591938 1855143 434618 109370 0 0 0 0 0 0 0 0 0 0 0 0 191110 93971 126628 97139 13583719 13933306 35483249 37153574 0 0 0 0 0 61184 54397152 54408829 209588 303932 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 209588 303932 X 971124 1526836 53216440 52578061 54187564 54104897 54397152 54408829 -594271 511604 X false true X true X 3363661 1943641 3977215 2291989 3200888 14777394 0 0 3363661 1943641 3977215 2291989 3200888 14777394 2636949 12140445 882752 1180889 628048 1076165 942671 4710525 0 11500 8000 19500 19507419 0.62235 0.59835 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 52606638 1146425 1143234 2166646 52729651 51411620 338512 2855700 1999194 52606638 47411230 1846023 3892602 1738241 51411614 44960839 86010 4006815 1642434 47411230 44524099 3595101 -1982835 1382619 44753746 0 0 0 191110 93971 97139 97139 PARTNERSHIPS, NET ASSET VALUE 37153574 F 37153574 4481539 511604 123450 635054 3846485 59509 59509 3905994 4564206 123450 123450 4440756 59509 59509 4500265 ENDOWMENT FUND TO PROVIDE OPERATING FUND TO FURTHER THE FOUNDATION'S EXEMPT PURPOSE. FIN 48 MANAGEMENT CONTINUALLY EVALUATES TAX POSITIONS REFLECTED IN THE FOUNDATION'S TAX RETURNS. MANAGEMENT BELIEVES THAT NO MATERIAL UNCERTAIN TAX POSITIONS EXIST. SCHEDULE D PARTS XI AND XII PART XI LINE 4B THE FINANCIAL STATEMENTS REPORT REALIZED AND UNREALIZED INVESTMENT GAINS NET OF INVESTMENT MANAGEMENT FEES TOTALING $59,509. PART XII LINE 4B FORM 990 STATEMENT OF FUNCTIONAL EXPENSES REPORT INVESTMENT MANAGEMENT FEES ON LINE 11F. true STUDENT GRANTS 491 661673 Monitoring Assistance The Foundation monitors the use of funds according to the requirements of that particular grant. The Foundation tracks all personnel and other expenditures and follows their guidelines for travel if personnel are reimbursed for travel expenses. X X X X false false false false false false false false false BONNIE B SUTTON PRESIDENT AND CEO 185836 38031 7268 0 8292 239427 0 X 2 131457 FMV X 13 1117345 FMV 0 false true true SCHEDULE M LINE 32B ACCESS College Foundation uses a broker to immediately sell donated vehicles. FORM 990 PROVIDED TO GOVERNING BODY ALTHOUGH FORM 990 HAS BEEN PROVIDED TO THE GOVERNING BODY, THERE WAS NO FORMAL PRESENTATION TO THE EXECUTIVE COMMITTEE PRIOR TO FILING THE RETURN. THE RETURN WOULD HAVE TO HAVE BEEN READY BY OCTOBER 15 TO ACCOMPLISH THAT. CONFLICT OF INTEREST IN MARCH OF EACH YEAR THE BOARD OF DIRECTORS IS REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT COMPENSATION THE CHAIRMAN SENDS TO THE EXECUTIVE COMMITTEE "ASSESSMENT OF THE CHIEF EXECUTIVE - SHORT FORM" DEVELOPED BY THE NATIONAL CENTER FOR NONPROFIT BOARDS, AS WELL AS THE FOLLOWING DOCUMENTS: (1) A SELF-EVALUATION THAT ADDRESSES MAJOR STRENGTHS, SIGNIFICANT PERSONAL AND PROGRAM ACHIEVEMENTS, AND ORGANIZATIONAL GOALS FOR THE COMING YEAR; (2) DOCUMENTS THAT COMPARE THE CEO'S OF ORGANIZATIONS SIMILAR TO ACCESS COLLEGE FOUNDATION, AND THE CEO'S OF OTHER SOUTH HAMPTON ROADS EXEMPT ORGANIZATIONS, AND A HISTORY OF CEO COMPENSATION PAID BY THE FOUNDATION SINCE 2000. THE EXECUTIVE COMMITTEE DISCUSSES AND EVALUATES PERSONAL AND PROGAM PERFORMANCE TO DETERMINE APPROPRIATE SALARY AND BENEFITS. THE CHAIRMAN ADVISES THE CEO OF ITS DETERMINATION. THE COMPENSATION ESTABLISHED BY THE EXECUTIVE COMMITTEE IS INCLUDED IN THE ORGANIZATION'S ANNUAL BUDGET. THE CHAIRMAN SENDS AN UPDATE ON THE COMPENSATION DETERMINATION TO THE FULL BOARD. DISCLOSURE THE FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA THE WEBSITE WWW.ACCESSCOLLEGE.ORG RELATIONSHIPS DIRECTORS FRANK BATTEN, JR., CONRAD HALL, AND DAVID MELE HAVE A BUSINESS RELATIONSHIP.