2012-11-01T06:03:20-07:00 2012-06-30 Foti Flynn Lowen & Co PC PO Box 12765 Roanoke VA 240282765 990 2011-07-01 208407010 NEW COLLEGE FOUNDATION NEWC 2764035606 29 JONES STREET MARTINSVILLE VA 24112 MARSHALL W STOWE 2012-11-01 true BRADLEY J DAVIS CPA 5403449246 2011 2016-02-24 21:20:13Z MARSHALL W STOWE 29 JONES STREET MARTINSVILLE VA 24112 1648919 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. 13 13 2 0 2235249 1618888 0 9396 29588 483 443 2245128 1648919 6193 11000 0 38319 278204 0 7272 1075290 1064702 1119802 1353906 1125326 295013 2331363 2558130 86299 2166 2245064 2555964 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 1177325 11000 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. 1177325 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 9 0 true 2 false false false false false false false false false false false true 1 false false false false false false false false false false false X 13 13 false false false false false false false true true false false false true true true true true true true true false false X THE FOUNDATION 2764035606 29 JONES STREET MARTINSVILLE VA 24112 X T BAHNSON STANLEY III 1.50 X 0 0 0 DOUG PAYNE 1.50 X 0 0 0 IMOGENE DRAPER 1.50 X X 0 0 0 MARSHALL W STOWE 1.50 X X 0 0 0 ROBERT H SPILMAN JR 1.50 X 0 0 0 KIMBLE REYNOLDS JR 1.50 X X 0 0 0 LAURA BOWLES 1.50 X 0 0 0 SUZANNE LACY 1.50 X 0 0 0 ELIZABETH HASKELL 1.50 X 0 0 0 MARGARET D TURNER 1.50 X 0 0 0 IRVING GROVES JR 1.50 X 0 0 0 JANE GARDNER 1.50 X X 0 0 0 CHARLOTTE MCCLAIN 1.50 X 0 0 0 WILLIAM A WAMPLER JR 40.00 X 225716 0 0 225716 1 false true false 0 1618888 1618888 0 29588 29588 0 0 0 0 0 0 0 MISCELLANEOUS 900099 443 443 443 1648919 29588 443 0 11000 11000 0 0 233694 209463 24231 0 44510 44510 0 0 0 0 0 0 0 0 0 0 46551 37241 6983 2327 7571 6057 1514 0 0 16050 16050 6042 4834 1208 0 0 0 0 1593 1593 2169 2169 RENT 74761 74761 professional service fees 97272 19454 72954 4864 education and outreach 639641 639641 classroom equipment 45524 45524 building maint & repair 58331 46665 11666 69197 22125 46991 81 1353906 1177325 169309 7272 1835269 1590029 0 223458 105935 0 0 0 0 0 997 0 11151 7168 5576 3983 246063 855483 0 0 0 20000 2700 2331363 2558130 86299 2166 86299 2166 X 390832 563281 1451612 1532163 402620 460520 2245064 2555964 2331363 2558130 X 295013 15887 X false true true X false false X 1670855 1684625 2004689 2235249 1618888 9214306 0 0 1670855 1684625 2004689 2235249 1618888 9214306 4936717 4277589 16154 16185 11721 9396 29588 83044 0 63 14 297 483 443 1300 9298650 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 55838 false false 55838 false false 634812 57900 692712 166740 468072 634812 131015 35725 166740 0.34000 0.66000 false false false 11151 7168 3983 3983 1648919 1353906 295013 15887 15887 310900 1664806 36042 -20155 15887 1648919 1648919 1353906 1353906 1353906 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances UNREALIZED GAIN $36042 IMPAIRMENT LOSS $ -20155 true X 0 0 SCHOLARSHIPS FOR STUDENTS ATTENDING NEW COLLEGE INSTITUTE 12 11000 X X X true true X X false false false false false false false false false false WILLIAM A WAMPLER JR 132058 76900 16758 225716 Sch J, Part I, Line 1a Part I, Line 1a: Relevant information in regards to selections on 1a. 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 PREVIOUS 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 AND WERE NOT MATERIALLY DIFFERENT. THE CURRENT EXECUTIVE DIRECTOR OF THE ORGANIZATION ALSO RECEIVED CERTAIN FRINGE BENEFITS AS WELL IN ADDITION TO A SALARY SUPPLEMENT TO WHAT IS RECEIVED FROM THE NEW COLLEGE INSTITUTE.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 11 Form 990, Part VI, Line 11: 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.