2014-11-11T05:48:52-08:00 2014-06-30 Foti Flynn Lowen & Co PC PO Box 12765 Roanoke VA 240282765 990 2013-07-01 208407010 NEW COLLEGE FOUNDATION NEWC 2764035606 191 FAYETTE ST MARTINSVILLE VA 24112 KIMBLE REYNOLDS JR Chairman 2014-11-11 true BRADLEY J DAVIS CPA P00695707 5403449246 2013 2015-11-30 17:44:51Z X KIMBLE REYNOLDS JR 29 JONES STREET MARTINSVILLE VA 24112 9350154 false false X N/A X 2006 VA 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. 11 11 8 0 13610657 9263896 0 34537 86258 2586 0 13647780 9350154 15000 31500 0 622815 546835 0 248480 1555373 1399691 2193188 1978026 11454592 7372128 14870657 22978040 736223 1350525 14134434 21627515 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. false false 1323028 31500 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. 1323028 true true false true false false false false false true true false 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 false false false false false false false false false false false false false true 19 0 true 8 true false false false false false false false false 0 false false false false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false X THE FOUNDATION 2764035606 29 JONES STREET MARTINSVILLE VA 24112 X JANE GARDNER VICE CHAIR 1.50 0.00 X X 0 0 0 IRVING GROVES JR BOARD MEMBER 1.50 0.00 X 0 0 0 MARGARET D TURNER BOARD MEMBER 1.50 0.00 X 0 0 0 SUZANNE LACY Secretary 1.50 0.00 X X 0 0 0 LAURA BOWLES Treasurer 1.50 0.00 X X 0 0 0 KIMBLE REYNOLDS JR Chairman 1.50 0.00 X X 0 0 0 ROBERT H SPILMAN JR BOARD MEMBER 1.50 0.00 X 0 0 0 MARSHALL W STOWE BOARD MEMBER 1.50 0.00 X 0 0 0 T BAHNSON STANLEY III BOARD MEMBER 1.50 0.00 X 0 0 0 DOUG PAYNE BOARD MEMBER 1.50 0.00 X 0 0 0 WILLIAM A WAMPLER JR EXECUTIVE DIRECTOR 40.00 0.00 X 316272 0 0 316272 1 false true false 0 5376473 3887423 9263896 0 86258 86258 0 0 0 0 0 0 0 0 9350154 86258 0 31500 31500 0 0 316272 126509 94882 94881 0 196352 46153 34614 115585 0 8585 8585 25626 7601 5701 12324 0 0 0 0 0 0 0 54360 43488 8154 2718 11356 7243 1811 2302 0 0 19705 19705 7026 5621 1405 0 0 0 0 2390 2390 16224 16224 education and outreach 783044 775022 8022 professional service fees 248965 49793 186724 12448 classroom equipment 103143 103143 RENT 52833 52833 100645 54417 46028 200 1978026 1323028 406518 248480 8745797 3427290 0 2021905 1615203 0 0 0 0 0 386 799 16420420 11151 3049390 16409269 1050479 1522779 0 0 0 2700 2700 14870657 22978040 736223 1350525 736223 1350525 X 3731851 18007246 9886863 3088449 515720 531820 14134434 21627515 14870657 22978040 7372128 120953 X false true X true true true X 2004689 2235249 1618888 13610657 9303896 28773379 0 0 2004689 2235249 1618888 13610657 9303896 28773379 17437946 11335433 11721 9396 29588 34537 86258 171500 0 297 483 443 2586 3809 28948688 0.39160 0.32510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 53488 false false 53488 false false Part II-B, Line 1i - Other Activities Description 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. 919496 17100 131457 29000 1039053 763068 55200 116228 15000 919496 650538 57900 65630 11000 763068 161188 468072 27471 6193 650538 165361 20348 24521 161188 0.32000 0.51000 0.17000 false false false 545900 545900 15874520 11151 15863369 16409269 9471107 120953 120953 9350154 9350154 1978026 1978026 1978026 true 0 0 SCHOLARSHIPS FOR STUDENTS ATTENDING NEW COLLEGE INSTITUTE 20 31500 X X X true true X X false false false false false false false false false false WILLIAM A WAMPLER JR EXECUTIVE DIRECTOR 316272 316272 Part I, Line 1a: Relevant information in regards to selections on 1a. 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.