2011-10-28T05:37:36-07:00 2011-06-30 Foti Flynn Lowen & Co PC PO Box 12765 Roanoke VA 240282765 990 2010-07-01 208407010 NEW COLLEGE FOUNDATION NEWC 2764035606 29 JONES STREET MARTINSVILLE VA 24112 DR BARRY DORSEY 2011-10-28 BRADLEY J DAVIS CPA 5403449246 2010 2016-03-07 17:11:31Z BARRY DORSEY 29 JONES STREET MARTINSVILLE VA 24112 2245128 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 0 0 2004689 2235249 0 11721 9396 297 483 2016707 2245128 24521 6193 0 16687 38319 0 7550 1935561 1075290 1976769 1119802 39938 1125326 1139014 2331363 2351 86299 1136663 2245064 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 959280 6193 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. 959280 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 false 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 0 false false false false false false false false false false false false 0 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 VIRGINIA HAMLET 1.50 X X 0 0 0 T BAHNSON STANLEY III 1.50 0 0 0 SUZANNE LACY 1.50 X 0 0 0 ROBERT H SPILMAN JR 1.50 X 0 0 0 MARSHALL W STOWE 1.50 X 0 0 0 LAURA BOWLES 1.50 X X 0 0 0 KIMBLE REYNOLDS JR 1.50 X 0 0 0 JANE GARDNER 1.50 X 0 0 0 IRVING GROVES JR 1.50 X 0 0 0 IMOGENE DRAPER 1.50 X 0 0 0 ELIZABETH HASKELL 1.50 X X 0 0 0 DOUG PAYNE 1.50 X 0 0 0 CHARLOTTE MCCLAIN 1.50 0 0 0 BARRY DORSEY 40.00 X 15673 0 0 15673 0 false false false 0 2235249 2235249 0 9396 9396 0 0 0 0 0 0 0 MISCELLANEOUS 900099 483 483 483 2245128 9879 0 6193 6193 0 0 15673 15673 0 22646 22646 0 0 0 0 0 0 0 0 0 0 35782 28626 5367 1789 6594 5275 1319 0 0 17713 17713 6681 5345 1336 0 0 0 0 1593 1593 2414 2414 RENT 71567 71567 professional service fees 101789 20358 76342 5089 education and outreach 711937 711937 classroom equipment 46855 46855 building maint & repair 28435 23221 5214 43930 22190 21068 672 1119802 959280 152972 7550 650631 1835269 246487 0 73805 223458 0 0 0 0 0 1417 997 11151 5575 7169 5576 104505 246063 0 0 0 55000 20000 1139014 2331363 2351 86299 2351 86299 X 278986 390832 690937 1451612 166740 402620 1136663 2245064 1139014 2331363 X 1125326 -16925 X false true true X false false X 1670855 1684625 2004689 2235249 7595418 0 0 1670855 1684625 2004689 2235249 7595418 3430588 4164830 16154 16185 11721 9396 53456 0 63 14 297 483 857 7649731 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 74625 false false 74625 false false 166740 468072 634812 131015 35725 166740 116315 14700 131015 0.36580 0.63420 false false false 11151 5575 5576 5576 2245128 1119802 1125326 -16925 -16925 1108401 2228203 18075 -35000 -16925 2245128 2245128 1119802 1119802 1119802 Part XI, Line 8 Part XI, Line 8: Other Changes in Net Assets or Fund Balances UNREALIZED GAIN $18075 IMPAIRMENT LOSS $ -35000 true X 0 0 SCHOLARSHIPS FOR STUDENTS ATTENDING NEW COLLEGE INSTITUTE 15 6193 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 RECEIVES 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 ARE NOT MATERIALLY DIFFERENT AT THIS TIME.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.