MHC ACADEMIC FOUNDATION: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization: MHC ACADEMIC FOUNDATION (EIN 20-8407010)
Tax period: 2013-07-01 to 2014-06-30
Filed: 2014-11-11
IRS object ID: 201443159349300314
Schema version: 2013v3.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule B
Schedule C
Schedule D
Schedule I
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2014-11-11T05:48:52-08:00	ReturnTs
Tax Period End	2014-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	Foti Flynn Lowen & Co PC	BusinessNameLine1

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	PO Box 12765	AddressLine1
City	Roanoke	City
State	VA	State
ZIP Code	240282765	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2013-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	208407010	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	NEW COLLEGE FOUNDATION	BusinessNameLine1

Field	Value	IRS element (for citing)
Business Name Control	NEWC	BusinessNameControlTxt
Phone	2764035606	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	191 FAYETTE ST	AddressLine1
City	MARTINSVILLE	City
State	VA	State
ZIP Code	24112	ZIPCode

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	KIMBLE REYNOLDS JR	PersonNm
Person Title	Chairman	PersonTitleTxt
Signature	2014-11-11	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	BRADLEY J DAVIS CPA	PreparerPersonNm
PTIN	P00695707	PTIN
Phone	5403449246	PhoneNum

Field	Value	IRS element (for citing)
Tax	2013	TaxYr
Build TS	2015-11-30 17:44:51Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Address Change	Yes (X)	AddressChangeInd
Principal Officer	KIMBLE REYNOLDS JR	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	29 JONES STREET	AddressLine1
City	MARTINSVILLE	City
State	VA	State
ZIP Code	24112	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	$9,350,154	GrossReceiptsAmt
Group Return For Affiliates	false	GroupReturnForAffiliatesInd
All Affiliates Included	false	AllAffiliatesIncludedInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	N/A	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2006	FormationYr
Legal Domicile State	VA	LegalDomicileStateCd
Activity Or Mission	TO PROVIDE FINANCIAL AND OTHER SUPPORT TO NEW COLLEGE INSTITUTE, A VIRGINIA PUBLIC BODY CONSTITUTED BY STATUTE AS A GOVERNMENTAL INSTRUMENTALITY FOR THE DISSEMINATION OF EDUCATION.	ActivityOrMissionDesc
Voting Members Governing Body	11	VotingMembersGoverningBodyCnt
Voting Members Independent	11	VotingMembersIndependentCnt
Total Employee	8	TotalEmployeeCnt
Total Gross UBI	$0	TotalGrossUBIAmt
PY Contributions Grants	$13,610,657	PYContributionsGrantsAmt
CY Contributions Grants	$9,263,896	CYContributionsGrantsAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$34,537	PYInvestmentIncomeAmt
CY Investment Income	$86,258	CYInvestmentIncomeAmt
PY Other Revenue	$2,586	PYOtherRevenueAmt
CY Other Revenue	$0	CYOtherRevenueAmt
PY Total Revenue	$13,647,780	PYTotalRevenueAmt
CY Total Revenue	$9,350,154	CYTotalRevenueAmt
PY Grants And Similar Paid	$15,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$31,500	CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$622,815	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$546,835	CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$248,480	CYTotalFundraisingExpenseAmt
PY Other Expenses	$1,555,373	PYOtherExpensesAmt
CY Other Expenses	$1,399,691	CYOtherExpensesAmt
PY Total Expenses	$2,193,188	PYTotalExpensesAmt
CY Total Expenses	$1,978,026	CYTotalExpensesAmt
PY Revenues Less Expenses	$11,454,592	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$7,372,128	CYRevenuesLessExpensesAmt
Total Assets BOY	$14,870,657	TotalAssetsBOYAmt
Total Assets EOY	$22,978,040	TotalAssetsEOYAmt
Total Liabilities BOY	$736,223	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$1,350,525	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$14,134,434	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$21,627,515	NetAssetsOrFundBalancesEOYAmt
Mission	TO PROVIDE FINANCIAL AND OTHER SUPPORT TO NEW COLLEGE INSTITUTE, A VIRGINIA PUBLIC BODY CONSTITUTED BY STATUTE AS A GOVERNMENTAL INSTRUMENTALITY FOR THE DISSEMINATION OF EDUCATION.	MissionDesc
Significant New Program Srvc	false	SignificantNewProgramSrvcInd
Significant Change	false	SignificantChangeInd
Expense	$1,323,028	ExpenseAmt
Grant	$31,500	GrantAmt
Desc	NCF 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.	Desc
Total Program Service Expenses	$1,323,028	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (true)	DescribedInSection501c3Ind
Schedule B Required	Yes (true)	ScheduleBRequiredInd
Political Campaign Acty	false	PoliticalCampaignActyInd
Lobbying Activities	Yes (true)	LobbyingActivitiesInd
Subject To Proxy Tax	false	SubjectToProxyTaxInd
Donor Advised Fund	false	DonorAdvisedFundInd
Conservation Easements	false	ConservationEasementsInd
Collections Of Art	false	CollectionsOfArtInd
Credit Counseling	false	CreditCounselingInd
Temp Or Permanent Endowments	Yes (true)	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (true)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	false	ReportInvestmentsOtherSecInd
Report Program Related Invst	false	ReportProgramRelatedInvstInd
Report Other Assets	false	ReportOtherAssetsInd
Report Other Liabilities	false	ReportOtherLiabilitiesInd
Include FIN48 Footnote	false	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (true)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	false	ConsolidatedAuditFinclStmtInd
School Operating	false	SchoolOperatingInd
Foreign Office	false	ForeignOfficeInd
Foreign Activities	false	ForeignActivitiesInd
More Than5000 K To Org	false	MoreThan5000KToOrgInd
More Than5000 K To Individuals	false	MoreThan5000KToIndividualsInd
Professional Fundraising	false	ProfessionalFundraisingInd
Fundraising Activities	false	FundraisingActivitiesInd
Gaming Activities	false	GamingActivitiesInd
Operate Hospital	false	OperateHospitalInd
Grants To Organizations	false	GrantsToOrganizationsInd
Grants To Individuals	Yes (true)	GrantsToIndividualsInd
Schedule J Required	Yes (true)	ScheduleJRequiredInd
Tax Exempt Bonds	false	TaxExemptBondsInd
Invest Tax Exempt Bonds	false	InvestTaxExemptBondsInd
Escrow Account	false	EscrowAccountInd
On Behalf Of Issuer	false	OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans	false	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	false	PYExcessBenefitTransInd
Loan Outstanding	false	LoanOutstandingInd
Grant To Related Person	false	GrantToRelatedPersonInd
Business Rln With Org Mem	false	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	false	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	false	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	false	DeductibleNonCashContriInd
Deductible Art Contribution	false	DeductibleArtContributionInd
Terminate Operations	false	TerminateOperationsInd
Partial Liquidation	false	PartialLiquidationInd
Disregarded Entity	false	DisregardedEntityInd
Related Entity	false	RelatedEntityInd
Related Organization Ctrl Ent	false	RelatedOrganizationCtrlEntInd
Transaction With Control Ent	false	TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	false	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	false	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (true)	ScheduleORequiredInd
IRP Document	19	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (true)	BackupWthldComplianceInd
Employee	8	EmployeeCnt
Employment Tax Returns Filed	Yes (true)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Form990 T Filed	false	Form990TFiledInd
Foreign Financial Account	false	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Taxable Party Notification	false	TaxablePartyNotificationInd
Nondeductible Contributions	false	NondeductibleContributionsInd
Quid Pro Quo Contributions	false	QuidProQuoContributionsInd
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOfInd
Form8282 Filed	0	Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind	false	Form8899Filedind
Form1098 C Filed	false	Form1098CFiledInd
Excess Business Holdings	false	ExcessBusinessHoldingsInd
Taxable Distributions	false	TaxableDistributionsInd
Distribution To Donor	false	DistributionToDonorInd
Org Filed In Lieu Of Form1041	false	OrgFiledInLieuOfForm1041Ind
Licensed More Than One State	false	LicensedMoreThanOneStateInd
Indoor Tanning Services	false	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	11	GoverningBodyVotingMembersCnt
Independent Voting Member	11	IndependentVotingMemberCnt
Family Or Business Rln	false	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	false	DelegationOfMgmtDutiesInd
Change To Org Documents	false	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	false	MaterialDiversionOrMisuseInd
Members Or Stockholders	false	MembersOrStockholdersInd
Election Of Board Members	false	ElectionOfBoardMembersInd
Decisions Subject To Approva	false	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (true)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (true)	MinutesOfCommitteesInd
Officer Mailing Address	false	OfficerMailingAddressInd
Local Chapters	false	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (true)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (true)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (true)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (true)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (true)	WhistleblowerPolicyInd
Document Retention Policy	Yes (true)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (true)	CompensationProcessCEOInd
Compensation Process Other	Yes (true)	CompensationProcessOtherInd
Investment In Joint Venture	false	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	THE FOUNDATION	PersonNm
Phone	2764035606	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	29 JONES STREET	AddressLine1
City	MARTINSVILLE	City
State	VA	State
ZIP Code	24112	ZIPCode

Field	Value	IRS element (for citing)
No Listed Persons Compensated	Yes (X)	NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd
JANE GARDNER
VICE CHAIR	1.50	0.00	Yes (X)	Yes (X)	$0	$0	$0
IRVING GROVES JR
BOARD MEMBER	1.50	0.00	Yes (X)		$0	$0	$0
MARGARET D TURNER
BOARD MEMBER	1.50	0.00	Yes (X)		$0	$0	$0
SUZANNE LACY
Secretary	1.50	0.00	Yes (X)	Yes (X)	$0	$0	$0
LAURA BOWLES
Treasurer	1.50	0.00	Yes (X)	Yes (X)	$0	$0	$0
KIMBLE REYNOLDS JR
Chairman	1.50	0.00	Yes (X)	Yes (X)	$0	$0	$0
ROBERT H SPILMAN JR
BOARD MEMBER	1.50	0.00	Yes (X)		$0	$0	$0
MARSHALL W STOWE
BOARD MEMBER	1.50	0.00	Yes (X)		$0	$0	$0
T BAHNSON STANLEY III
BOARD MEMBER	1.50	0.00	Yes (X)		$0	$0	$0
DOUG PAYNE
BOARD MEMBER	1.50	0.00	Yes (X)		$0	$0	$0
WILLIAM A WAMPLER JR
EXECUTIVE DIRECTOR	40.00	0.00			$316,272	$0	$0	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$316,272	TotalReportableCompFromOrgAmt
Indiv Rcvd Greater Than100 K	1	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	false	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (true)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	false	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$5,376,473	GovernmentGrantsAmt
All Other Contributions	$3,887,423	AllOtherContributionsAmt
Total Contributions	$9,263,896	TotalContributionsAmt
Total Program Service Revenue	$0	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$86,258	TotalRevenueColumnAmt
Exclusion	$86,258	ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$0	TotalRevenueColumnAmt

Field	Value	IRS element (for citing)
Other Revenue Total	$0	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$9,350,154	TotalRevenueColumnAmt
Exclusion	$86,258	ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

Field	Value	IRS element (for citing)
Total	$31,500	TotalAmt
Program Services	$31,500	ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$316,272	TotalAmt
Program Services	$126,509	ProgramServicesAmt
Management And General	$94,882	ManagementAndGeneralAmt
Fundraising	$94,881	FundraisingAmt

Comp Disqual Persons CompDisqualPersonsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$196,352	TotalAmt
Program Services	$46,153	ProgramServicesAmt
Management And General	$34,614	ManagementAndGeneralAmt
Fundraising	$115,585	FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$8,585	TotalAmt
Management And General	$8,585	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$25,626	TotalAmt
Program Services	$7,601	ProgramServicesAmt
Management And General	$5,701	ManagementAndGeneralAmt
Fundraising	$12,324	FundraisingAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$54,360	TotalAmt
Program Services	$43,488	ProgramServicesAmt
Management And General	$8,154	ManagementAndGeneralAmt
Fundraising	$2,718	FundraisingAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$11,356	TotalAmt
Program Services	$7,243	ProgramServicesAmt
Management And General	$1,811	ManagementAndGeneralAmt
Fundraising	$2,302	FundraisingAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Royalties RoyaltiesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$19,705	TotalAmt
Program Services	$19,705	ProgramServicesAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$7,026	TotalAmt
Program Services	$5,621	ProgramServicesAmt
Management And General	$1,405	ManagementAndGeneralAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$2,390	TotalAmt
Management And General	$2,390	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$16,224	TotalAmt
Management And General	$16,224	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	FundraisingFundraisingAmt	Management And GeneralManagementAndGeneralAmt
education and outreach	$783,044	$775,022	$8,022
professional service fees	$248,965	$49,793	$12,448	$186,724
classroom equipment	$103,143	$103,143
RENT	$52,833	$52,833

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$100,645	TotalAmt
Program Services	$54,417	ProgramServicesAmt
Management And General	$46,028	ManagementAndGeneralAmt
Fundraising	$200	FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$1,978,026	TotalAmt
Program Services	$1,323,028	ProgramServicesAmt
Management And General	$406,518	ManagementAndGeneralAmt
Fundraising	$248,480	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$8,745,797	BOYAmt
EOY	$3,427,290	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$2,021,905	BOYAmt
EOY	$1,615,203	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$386	BOYAmt
EOY	$799	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$16,420,420	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$11,151	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$3,049,390	BOYAmt
EOY	$16,409,269	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$1,050,479	BOYAmt
EOY	$1,522,779	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Intangible Assets IntangibleAssetsGrp

Field	Value	IRS element (for citing)
EOY	$0	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$2,700	BOYAmt
EOY	$2,700	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$14,870,657	BOYAmt
EOY	$22,978,040	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$736,223	BOYAmt
EOY	$1,350,525	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$736,223	BOYAmt
EOY	$1,350,525	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$3,731,851	BOYAmt
EOY	$18,007,246	EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$9,886,863	BOYAmt
EOY	$3,088,449	EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$515,720	BOYAmt
EOY	$531,820	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$14,134,434	BOYAmt
EOY	$21,627,515	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$14,870,657	BOYAmt
EOY	$22,978,040	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	$7,372,128	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$120,953	NetUnrlzdGainsLossesInvstAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	false	AccountantCompileOrReviewInd
FS Audited	Yes (true)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (true)	AuditCommitteeInd
Federal Grant Audit Required	Yes (true)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (true)	FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
College Organization	Yes (X)	CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,004,689	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,235,249	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,618,888	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$13,610,657	CurrentTaxYearMinus1YearAmt
Current Tax Year	$9,303,896	CurrentTaxYearAmt
Total	$28,773,379	TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$2,004,689	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$2,235,249	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,618,888	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$13,610,657	CurrentTaxYearMinus1YearAmt
Current Tax Year	$9,303,896	CurrentTaxYearAmt
Total	$28,773,379	TotalAmt

Field	Value	IRS element (for citing)
Substantial Contributors Tot	$17,437,946	SubstantialContributorsTotAmt
Public Support Total170	$11,335,433	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$11,721	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$9,396	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$29,588	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$34,537	CurrentTaxYearMinus1YearAmt
Current Tax Year	$86,258	CurrentTaxYearAmt
Total	$171,500	TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

Field	Value	IRS element (for citing)
Total	$0	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$297	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$483	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$443	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$2,586	CurrentTaxYearMinus1YearAmt
Total	$3,809	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$28,948,688	TotalSupportAmt
Public Support CY170	0.39160	PublicSupportCY170Pct
Public Support PY170	0.32510	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule C IRS990ScheduleC

Field	Value	IRS element (for citing)
Form4720 Filed Section4955 Tax	false	Form4720FiledSection4955TaxInd
Correction Made	false	CorrectionMadeInd
Volunteers	false	VolunteersInd
Paid Staff Or Management	false	PaidStaffOrManagementInd
Media Advertisements	false	MediaAdvertisementsInd
Mailings Members	false	MailingsMembersInd
Publications Or Broadcast	false	PublicationsOrBroadcastInd
Grants Other Organizations	false	GrantsOtherOrganizationsInd
Direct Contact Legislators	Yes (true)	DirectContactLegislatorsInd
Direct Contact Legislators	$53,488	DirectContactLegislatorsAmt
Rallies Demonstrations	false	RalliesDemonstrationsInd
Other Activities	false	OtherActivitiesInd
Total Lobbying Expenditures	$53,488	TotalLobbyingExpendituresAmt
Not Described Section501c3	false	NotDescribedSection501c3Ind
Form4720 Filed4912 Tax	false	Form4720Filed4912TaxInd

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part II-B, Line 1i - Other Activities Description	FormAndLineReferenceDesc
Explanation	NEW COLLEGE FOUNDATION RETAINS A CONSULTANT, CHARLES M. GUTHRIDGE ASSOCIATES, TO ASSIST IN EDUCATING VIRGINIA'S STATE AGENCIES ABOUT THE NEW COLLEGE INSTITUTES PROGRAMS, INITIATIVES AND PROJECTS.THE FOUNDATION PAID CONSULTING FEES OF $53,488 TO CHARLES M. GUTHRIDGE ASSOCIATES DURING THE TWELVE MONTHS ENDED 6/30/14 FOR THESE SERVICES.	ExplanationTxt

Schedule D IRS990ScheduleD

CY Endwmt Fund CYEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$919,496	BeginningYearBalanceAmt
Contributions	$17,100	ContributionsAmt
Investment Earnings Or Losses	$131,457	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$29,000	GrantsOrScholarshipsAmt
End Year Balance	$1,039,053	EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$763,068	BeginningYearBalanceAmt
Contributions	$55,200	ContributionsAmt
Investment Earnings Or Losses	$116,228	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$15,000	GrantsOrScholarshipsAmt
End Year Balance	$919,496	EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$650,538	BeginningYearBalanceAmt
Contributions	$57,900	ContributionsAmt
Investment Earnings Or Losses	$65,630	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$11,000	GrantsOrScholarshipsAmt
End Year Balance	$763,068	EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Beginning Year Balance	$161,188	BeginningYearBalanceAmt
Contributions	$468,072	ContributionsAmt
Investment Earnings Or Losses	$27,471	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$6,193	GrantsOrScholarshipsAmt
End Year Balance	$650,538	EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

Field	Value	IRS element (for citing)
Contributions	$165,361	ContributionsAmt
Investment Earnings Or Losses	$20,348	InvestmentEarningsOrLossesAmt
Grants Or Scholarships	$24,521	GrantsOrScholarshipsAmt
End Year Balance	$161,188	EndYearBalanceAmt

Field	Value	IRS element (for citing)
Board Designated Balance EOY	0.32000	BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY	0.51000	PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY	0.17000	TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org	false	EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org	false	EndowmentsHeldRelatedOrgInd
Related Org List Sch R	false	RelatedOrgListSchRInd

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$545,900	OtherCostOrOtherBasisAmt
Book Value	$545,900	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$15,874,520	OtherCostOrOtherBasisAmt
Depreciation	$11,151	DepreciationAmt
Book Value	$15,863,369	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$16,409,269	TotalBookValueLandBuildingsAmt
Total Rev Etc Audited Fincl Stmt	$9,471,107	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$120,953	NetUnrealizedGainsInvstAmt
Revenue Not Reported	$120,953	RevenueNotReportedAmt
Revenue Subtotal	$9,350,154	RevenueSubtotalAmt
Total Revenue Per Form990	$9,350,154	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$1,978,026	TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal	$1,978,026	ExpensesSubtotalAmt
Total Expenses Per Form990	$1,978,026	TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (true)	GrantRecordsMaintainedInd
Total501c3 Org	0	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

Field	Value	IRS element (for citing)
Grant Type	SCHOLARSHIPS FOR STUDENTS ATTENDING NEW COLLEGE INSTITUTE	GrantTypeTxt
Recipient	20	RecipientCnt
Cash Grant	$31,500	CashGrantAmt

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Housing Allowance Or Residence	Yes (X)	HousingAllowanceOrResidenceInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Personal Services	Yes (X)	PersonalServicesInd
Written Policy Ref T And E Expnss	Yes (true)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (true)	SubstantiationRequiredInd
Written Employment Contract	Yes (X)	WrittenEmploymentContractInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	false	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	false	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	false	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	false	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	false	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	false	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	false	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	false	AnyNonFixedPaymentsInd
Initial Contract Exception	false	InitialContractExceptionInd
Rebuttable Presumption Proc	false	RebuttablePresumptionProcInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	WILLIAM A WAMPLER JR	PersonNm
Title	EXECUTIVE DIRECTOR	TitleTxt
Base Compensation Filing Org	$316,272	BaseCompensationFilingOrgAmt
Total Compensation Filing Org	$316,272	TotalCompensationFilingOrgAmt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	Part I, Line 1a: Relevant information in regards to selections on 1a.	FormAndLineReferenceDesc

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
Form 990, Part VI, Line 11b: Form 990 Review Process	THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE PRESENTED TO THE AUDIT COMMITTEE FOR REVIEW AND ACCEPTANCE. AFTER APPROVAL THEY ARE PROVIDED TO THE FULL BOARD AS A RECOMMENDATION OF APPROVAL FROM THE AUDIT COMMITTEE.THE ORGANIZATION MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees	THE EXECUTIVE DIRECTOR OF THE ORGANIZATION RECEIVED CERTAIN FRINGE BENEFITS THAT ARE CONSISTENT WITH THOSE NORMALLY RECEIVED BY THE PRESIDENT OF A UNIVERSITY OR OTHER INSTITUTION OF HIGHER EDUCATION. THESE BENEFITS WERE DOCUMENTED AND APPROVED BY THE BOARD UPON HIRING OF THIS POSITION. THE EXECUTIVE DIRECTOR OF THE ORGANIZATION ALSO RECEIVED A SALARY SUPPLEMENT TO WHAT IS RECEIVED FROM THE NEW COLLEGE INSTITUTE WHICH WAS ALSO APPROVED BY THE FOUNDATION BOARD.OTHER STAFF ARE PAID A FLAT RATE TO PERFORM ROUTINE ADMINISTRATIVE SERVICES FOR THE FOUNDATION WHICH THE BOARD HAS APPROVED.
Form 990, Part VI, Line 19: Other Organization Documents Publicly Available	UPON REQUEST.