Virginia Foundation For Independent Colleges in Richmond, Virginia (VA)

Organization representatives - add corrected or new information about Virginia Foundation For Independent Colleges »

Non-representatives - add comments about Virginia Foundation For Independent Colleges»

Virginia Foundation For Independent Colleges
Employer Identification Number (EIN)540554396
Name of OrganizationVirginia Foundation For Independent Colleges
Address8010 Ridge Rd Ste B, Richmond, VA 23229-7288
ActivitiesSchool, college, trade school, etc., Fundraising
SubsectionEducational Organization
Ruling Date03/1953
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period05/2012
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$26,438,773
Amount of Income$6,356,642
Form 990 Revenue Amount$2,717,814
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Undergraduate College (4-year)

Non-representatives - add comments:


Your IP address will be logged.

Amount of income in 2012: $6,356,642 (it was $11,341,508 in 2011)
This organization: 

Other organizations performing similar types of work: 


Assets in 2012: $26,438,773 (it was $27,914,723 in 2011)
Virginia Foundation For Independent Colleges: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$7,949,337
Contributions, Gifts, Grants and Other Similar Amounts$6,928,782
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,010,355
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Gross amount from sales of assets other than inventory (Securities / Other)$3,392,171 / $0
Less: cost or other basis and sales expenses (Securities / Other)$3,392,171 / $0
Gain or (loss) (Securities / Other)$0 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$10,200
Statement of Functional Expenses (for 2011)
Total functional expenses$2,720,973
Compensation of current officers, directors, trustees, and key employees$310,407
Other salaries and wages$175,129
Payroll taxes$34,296
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$27,914,723
Total liabilities$1,890,139
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$26,024,584
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2011)
2007 - 2011 Total
Total support$21,441,007
Gifts, grants, contributions, and membership fees received$16,381,506
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$5,021,319
Unrelated Trade or Business Income (for 2009)
Gross receipts or sales less returns and allowances$0$0$0
Cost of goods sold$0$0$0
Gross profit$0$0$0
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$41,401$43,572$47,712
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$0
Compensation of officers, directors, and trustees$0
Salaries and wages$0
Repairs and maintenance$0
Bad debts$0
Taxes and licenses$0
Charitable contributions$0
Contributions to deferred compensation plans$0
Employee benefit programs$0
Excess exempt expenses$0
Excess readership costs$0
Other deductions$0
Unrelated business taxable income$47,712
Unrelated business taxable income before net operating loss deduction$47,712
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$47,712
Specific deduction$1,000
Write your review!

Your Ratings

You can rate this nonprofit in different categories from 1 star (worst) to 5 stars (best) or leave category unrated


Your Review

Would you recommend Virginia Foundation For Independent Colleges to others? (optional)
Add photo of Virginia Foundation For Independent Colleges (optional)

About You

Your nickname:

Optional Verification

(additional info to increase the weight and the placement of your review and ratings)

Real Name:
Email (won't be published):
Date and time of your visit to this nonprofit:
Phone number (won't be published):
Leave your signature»
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Fuller E Callaway Professorial Chairs Trust ForPO BOX 40200, Jacksonville, FL 32203-0200FL1968-10$20,386,313
2Virginia Foundation For Independent Colleges8010 Ridge Rd Ste B, Richmond, VA 23229-7288VA1953-03$6,356,642
3Independent College Fund17 Elk Street, Albany, NY 12207NY1953-06$734,035
4Alabama Association Of Independent Colleges And Universities5950 Carmichael Pl Ste 213, Montgomery, AL 36117-2347AL1957-04$458,144
5Chabot-Las Positas Colleges Foundation5020 Franklin Dr, Pleasanton, CA 94588-3354CA1972-04$342,796
6Louisiana Independent College Foundation Inc320 3rd St Ste 104, Baton Rouge, LA 70801-1311LA1957-04$64,524
7City College Research Foundation160 Convent Avenue Wg 112, New York, NY 10031NY1965-03$176
Number of organizations performing similar types of work
New York3
Total10 is not associated with, endorsed by, or sponsored by Virginia Foundation For Independent Colleges and has no official or unofficial affiliation with Virginia Foundation For Independent Colleges