Southwest Virginia Higher Education Center Foundation, Dr Rachel Fowlkes in Abingdon, Virginia (VA)

Organization representatives - add corrected or new information about Southwest Virginia Higher Education Center Foundation, Dr Rachel Fowlkes »

Non-representatives - add comments about Southwest Virginia Higher Education Center Foundation, Dr Rachel Fowlkes»

Southwest Virginia Higher Education Center Foundation, Dr Rachel Fowlkes
Employer Identification Number (EIN)800232306
Name of OrganizationSouthwest Virginia Higher Education Center Foundation
Secondary NameDr Rachel Fowlkes
Address1 Partnership Cir, Abingdon, VA 24210-1000
SubsectionCharitable Organization, Educational Organization
Ruling Date05/2014
DeductibilityContributions are deductible
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
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$10,019,640
Amount of Income$8,730,454
Form 990 Revenue Amount$8,730,454
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution


Non-representatives - add comments:


CAPTCHA

Your IP address 44.200.137.63 will be logged.

Amount of income in 2014: $8,730,454 (it was $7,622,783 in 2013)
This organization: 

 $8,730,454
Other organizations performing similar types of work: 

 $68,292

Assets in 2014: $10,019,640 (it was $6,574,946 in 2013)
This organization: 

 $10,019,640
Other organizations performing similar types of work: 

 $56,708

Expenses in 2013: $2,725,822
Southwest Virginia Higher Education Center Foundation, Dr Rachel Fowlkes: 

 $2,725,822
Other organizations performing similar types of work: 

 $47,239

Income to expenses ratio in 2013: 3.2
This organization: 

 3.2
Other organizations performing similar types of work: 

 1.8

Grants share in income in 2013: 97.6%
This organization: 

 97.6%
Other organizations performing similar types of work: 

 0.5%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
2013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?No
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?No
Did the organization obtain separate, independent audited financial statements for the tax year?No
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?No
Did the organization maintain an office, employees, or agents outside of the United States?No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?No
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?No
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?No
A family member of a current or former officer, director, trustee, or key employee?No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?No
Did the organization receive more than $25,000 in non-cash contributions?No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?No
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
200920102013
The number reported in Box 3 of Form 1096000
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoNoNo
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return000
Did the organization file all required federal employment tax returns?NoNoNo
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
2013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$0
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization0
Total number of independent contractors who received more than $100,000 of compensation from the organization0
Statement of Revenue
200920102013
Total revenue$0$0$7,622,783
Contributions, Gifts, Grants and Other Similar Amounts$0$0$7,439,828
Program Service Revenue$0$0$178,321
541610$0$0$140,107
541900$0$0$38,214
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0$0$91
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$2,125
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0
Net income/loss from fundraising events$0$0$0
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$0$0$2,418
561000$0$0$2,418
All other revenue$0$0$0
Statement of Functional Expenses
200920102013
Total functional expenses$0$0$2,725,822
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$0$0$0
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$0$0$40,000
Pension plan accruals and contributions$0$0$0
Other employee benefits$0$0$0
Payroll taxes$0$0$0
Fees for services (non-employees)
Management$0$0$6,277
Legal$0$0$7,182
Accounting$0$0$7,625
Lobbying$0$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0$0
Other$0$0$831
Advertising and promotion$0$0$0
Office expenses$0$0$6,035
Information technology$0$0$0
Royalties$0$0$0
Occupancy$0$0$0
Travel$0$0$0
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$0$0
Interest$0$0$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$0$0$110,641
Insurance$0$0$0
Other expenses$0$0$2,533,962
Other expenses$0$0$13,269
Balance Sheet
200920102013
Total assets$1$62,560$6,574,946
Cash - non-interest-bearing$9$0$0
Savings and temporary cash investments$0$62,560$2,724,307
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$0$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Land, buildings, and equipment: cost or other basis$0$0$3,850,639
Investments - publicly traded securities$0$0$0
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$0$0$0
Total liabilities$0$0$1,089,263
Accounts payable and accrued expenses$0$0$346
Grants payable$0$0$0
Deferred revenue$0$0$1,088,917
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$0$0$0
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$0$62,560$5,485,683
Unrestricted net assets$0$62,560$546,127
Temporarily restricted net assets$0$0$4,939,556
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$3,565,269
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

Program:
Fundraising:
Expenses:
Transparency:

Your Review


Would you recommend Southwest Virginia Higher Education Center Foundation, Dr Rachel Fowlkes to others? (optional)
  
Add photo of Southwest Virginia Higher Education Center Foundation, Dr Rachel Fowlkes (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
1The University Of Arkansas Fort Smith Foundation IncPO BOX 3649, Fort Smith, AR 72913-3649AR1975-01$25,316,256
2Rsf Social Investment Fund Inc1002 Oreilly Ave, San Francisco, CA 94129-5257CA2000-12$4,721,971
3The Elizabeth Bowers Zambia Education FundPo Box 294, Salem, OR 97308-0294OR2007-03$49,547
4St Stephen S And St Agnes School Foundation400 Fontaine St, Alexandria, VA 22302-3701VA1994-03$8,774,212
5Southwest Virginia Higher Education Center Foundation, Dr Rachel Fowlkes1 Partnership Cir, Abingdon, VA 24210-1000VA2014-05$8,730,454
6R & M Fink Fam Tr5873 Iron Stone Ct, Centreville, VA 20120-4915VA2001-11$5,062,246
7The Library Of Virginia Foundation800 E Broad St, Richmond, VA 23219-1905VA1985-03$2,267,525
8William And Mary Real EstatefoundationPO BOX 8795, Williamsburg, VA 23187-8795VA2007-11$1,314,872
9Richard David Stutzke Foundation5323 Pillow Ln, Springfield, VA 22151-1933VA2013-07$1,195,730
10U S Naval Sea Cadet Foundation Inc2300 Wilson Blvd Ste 200, Arlington, VA 22201-5435VA2004-02$513,869
11Lynchburg Beacon Of HopePO BOX 1261, Lynchburg, VA 24505-1261VA2012-06$356,431
12The Brown Foundation2620 E Gretna Rd, Gretna, VA 24557-4635VA2001-04$350,127
13Grassfield Orchestra Parents Association2007 Grizzly Trl, Chesapeake, VA 23323-6716VA2013-01$169,808
14Buckland Mills Elementary Pto10511 Wharfdale Place, Gainesville, VA 20155VA2011-10$109,917
15Washington Association For Korean Schools4535 King Edward Ct, Annandale, VA 22003-5708VA2008-04$107,146
16East Rockingham Athletic Booster Club Inc250 Eagle Rock Rd, Elkton, VA 22827-3276VA2014-08$85,726
17Rappahannock County High School Band Booster Association12576 Lee Hwy, Washington, VA 22747-1928VA2006-01$50,436
18Fort Myer Swim Team Boosters8804 Pear Tree Village Ct, Alexandria, VA 22309-4221VA2012-05$44,283
19Rockbridge County Public Schools Foundation IncPO BOX 1042, Lexington, VA 24450-1042VA2005-08$42,343
20National Coalition Of Healthcare Providers2922 Stuart Dr, Falls Church, VA 22042-1431VA2014-10$24,000
Number of organizations performing similar types of work
Alaska7
Alabama39
Arkansas28
Arizona62
California468
Colorado75
Connecticut42
District of Columbia26
Delaware21
Florida199
Georgia92
Hawaii20
Iowa51
Idaho25
Illinois163
Indiana50
Kansas30
Kentucky52
Louisiana31
Massachusetts119
Maryland69
Maine25
Michigan104
Minnesota55
Missouri67
Mississippi19
Montana15
North Carolina95
North Dakota4
Nebraska19
New Hampshire31
New Jersey157
New Mexico21
Nevada24
New York236
Ohio140
Oklahoma40
Oregon47
Pennsylvania119
Rhode Island23
South Carolina34
South Dakota7
Tennessee57
Texas254
Utah22
Virginia97
Vermont10
Washington103
Wisconsin57
West Virginia11
Wyoming7
International17
Total3,586

NonProfitFacts.com is not associated with, endorsed by, or sponsored by Southwest Virginia Higher Education Center Foundation, Dr Rachel Fowlkes and has no official or unofficial affiliation with Southwest Virginia Higher Education Center Foundation, Dr Rachel Fowlkes