2013-11-12T07:40:43-08:00 2013-06-30 Foti Flynn Lowen & Co PC PO Box 12765 Roanoke VA 240282765 990 2012-07-01 208407010 NEW COLLEGE FOUNDATION NEWC 2764035606 29 JONES STREET MARTINSVILLE VA 24112 KIMBLE REYNOLDS JR 2013-11-12 true BRADLEY J DAVIS CPA P00695707 5403449246 2012 2016-02-24 21:20:13Z KIMBLE REYNOLDS JR 29 JONES STREET MARTINSVILLE VA 24112 13647780 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. 12 12 4 0 1618888 13610657 0 29588 34537 443 2586 1648919 13647780 11000 15000 0 278204 622815 0 271613 1064702 1555373 1353906 2193188 295013 11454592 2558130 14870657 2166 736223 2555964 14134434 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 1492329 15000 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. 1492329 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 true false false false false false false false false false true 15 0 true 4 true false false false false false false false false 0 false false false false false false false false false false X 12 12 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 T BAHNSON STANLEY III 1.50 0.00 X 0 0 0 DOUG PAYNE 1.50 0.00 X 0 0 0 IMOGENE DRAPER 1.50 0.00 X X 0 0 0 MARSHALL W STOWE 1.50 0.00 X 0 0 0 ROBERT H SPILMAN JR 1.50 0.00 X 0 0 0 KIMBLE REYNOLDS JR 1.50 0.00 X X 0 0 0 LAURA BOWLES 1.50 0.00 X X 0 0 0 ELIZABETH HASKELL 1.50 0.00 X 0 0 0 MARGARET D TURNER 1.50 0.00 X 0 0 0 IRVING GROVES JR 1.50 0.00 X 0 0 0 JANE GARDNER 1.50 0.00 X X 0 0 0 WILLIAM A WAMPLER JR 40.00 0.00 X 233060 0 0 233060 1 false true false 0 2882987 10727670 13610657 0 34537 34537 0 0 0 0 0 0 0 MISCELLANEOUS 900099 2586 2586 2586 13647780 37123 0 15000 15000 0 0 385429 154171 115629 115629 0 220295 57986 43488 118821 0 6590 6590 10501 4290 6211 0 0 0 0 0 0 0 62580 50064 9387 3129 24694 10832 2708 11154 0 0 17082 17082 5762 4610 1152 0 0 0 0 1593 1593 3974 3974 faculty & staff development 58526 29263 29263 classroom equipment 100312 100312 professional service fees 243672 48734 182754 12184 education and outreach 910700 906323 4377 126478 93662 32708 108 2193188 1492329 429246 271613 1590029 8745797 0 105935 2021905 0 0 0 0 0 386 3058151 8761 3983 3049390 855483 1050479 0 0 0 2700 2700 2558130 14870657 2166 736223 2166 736223 X 563281 3731851 1532163 9886863 460520 515720 2555964 14134434 2558130 14870657 11454592 123878 X false true X true false X 1684625 2004689 2235249 1618888 13610657 21154108 0 0 1684625 2004689 2235249 1618888 13610657 21154108 14243542 6910566 16185 11721 9396 29588 34537 101427 0 14 297 483 443 2586 3823 21259358 0.32510 X Part II, Line 17a--THE ORGANIZATION IS IN ITS SIXTH TAX YEAR AND ITS CALCULATED PUBLIC SUPPORT PERCENTAGE FOR ITS FIRST FIVE YEARS WAS 47.00%. THE ORGANIZATION ALSO MEETS THE 10% FACTS AND CIRCUMSTANCES TEST FOR THE FOLLOWING REASONS: IT MAINTAINS A CONTINUOUS AND BONA FIDE PROGRAM FOR SOLICITATION OF FUNDS FROM THE GENERAL PUBLIC, COMMUNITY, GOVERNMENTAL UNITS AND OTHER PUBLIC CHARITIES. IT HAS A GOVERNING BODY WHICH REPRESENTS THE BROAD INTERESTS OF THE PUBLIC AND IT GENERALLY PROVIDES FACILITIES OR SERVICES DIRECTLY FOR THE BENEFIT OF THE GENERAL PUBLIC ON A CONTINUING BASIS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 49313 false false 49313 false false Part II-B, Line 1i 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 $49,313 TO CHARLES M. GUTHRIDGE ASSOCIATES DURING THE TWELVE MONTHS ENDED 6/30/13 FOR THESE SERVICES. 692712 55200 747912 634812 57900 692712 166740 468072 634812 131015 35725 166740 14700 131015 131015 0.31000 0.69000 false false false 545900 545900 2512251 8761 2503490 3049390 13771658 123878 123878 13647780 13647780 2193188 2193188 2193188 true 0 0 SCHOLARSHIPS FOR STUDENTS ATTENDING NEW COLLEGE INSTITUTE 15 15000 X X X true true X X false false false false false false false false false false WILLIAM A WAMPLER JR 233060 233060 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. X 1 545900 false false false Form 990, Part VI, Line 19 Form 990, Part VI, Line 19: Other Organization Documents Publicly Available UPON REQUEST. Form 990, Part VI, Line 15b 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 11b 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.