BRONZE2024

Germanna Community College Educational Foundation Inc

aka GCCEF   |   Locust Grove, VA   |  https://www.germanna.edu/educational-foundation/
GuideStar Charity Check

Germanna Community College Educational Foundation Inc

EIN: 54-1379348


Mission

The Educational Foundation raises funds to help the college fulfill its mission to provide accessible, quality educational and training opportunities to all students, regardless of financial need.

Ruling year info

1987

Special Assistant to the President

Mr. Bruce L Davis

Main address

PO Box 1430

Locust Grove, VA 22508 USA

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EIN

54-1379348

Subject area info

Community college education

Education

Population served info

LGBTQ people

Heterosexuals

Women and girls

Men and boys

Ethnic and racial groups

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NTEE code info

Fund Raising and/or Fund Distribution (B12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Affiliations

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Programs and results

What we aim to solve

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This organization has not yet reported any program information.

Where we work

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Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Financials

Germanna Community College Educational Foundation Inc
Fiscal year: Jan 01 - Dec 31
Financial documents
2022 Germanna Community College Educational Foundation 2020 Germanna Community College Educational Foundation
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

183.20

Average of 97.86 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2.4

Average of 5 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

0%

Average of 0% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Germanna Community College Educational Foundation Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Germanna Community College Educational Foundation Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Germanna Community College Educational Foundation Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Germanna Community College Educational Foundation Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $359,867 $637,517 $224,849 -$486,319 -$585,805
As % of expenses 46.3% 53.3% 17.6% -36.4% -17.4%
Unrestricted surplus (deficit) after depreciation $359,867 $637,517 $224,849 -$486,319 -$585,805
As % of expenses 46.3% 53.3% 17.6% -36.4% -17.4%
Revenue composition info
Total revenue (unrestricted & restricted) $1,938,817 $2,513,090 $2,628,892 $50,732 $4,528,368
Total revenue, % change over prior year 57.4% 29.6% 4.6% -98.1% 8826.1%
Program services revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 9.6% 7.7% 7.7% 458.1% 5.2%
Government grants 25.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 33.2% 80.3% 92.9% 3453.2% 89.1%
Other revenue 32.2% 12.0% -0.7% -3811.3% 5.7%
Expense composition info
Total expenses before depreciation $777,170 $1,196,961 $1,275,360 $1,335,336 $3,365,969
Total expenses, % change over prior year 9.7% 54.0% 6.5% 4.7% 152.1%
Personnel 0.0% 0.0% 0.0% 0.0% 0.0%
Professional fees 12.1% 9.3% 15.8% 14.8% 6.7%
Occupancy 0.9% 1.1% 5.5% 4.1% 1.7%
Interest 0.5% 0.0% 0.0% 0.0% 0.0%
Pass-through 61.7% 68.6% 67.8% 66.2% 86.3%
All other expenses 24.9% 21.1% 10.8% 14.9% 5.3%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $777,170 $1,196,961 $1,275,360 $1,335,336 $3,365,969
One month of savings $64,764 $99,747 $106,280 $111,278 $280,497
Debt principal payment $355,518 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $0
Total full costs (estimated) $1,197,452 $1,296,708 $1,381,640 $1,446,614 $3,646,466

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 3.7 10.6 6.0 6.3 2.4
Months of cash and investments 99.0 87.5 104.4 115.2 36.1
Months of estimated liquid unrestricted net assets 23.8 21.9 22.6 17.2 4.8
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $241,728 $1,055,292 $633,357 $701,788 $673,554
Investments $6,170,848 $7,667,864 $10,461,799 $12,114,530 $9,453,547
Receivables $260,083 $4,153 $4,583 $178,287 $853,850
Gross land, buildings, equipment (LBE) $5,440 $5,440 $5,440 $5,440 $5,440
Accumulated depreciation (as a % of LBE) 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities (as a % of assets) 0.2% 0.7% 0.7% 0.7% 0.5%
Unrestricted net assets $1,542,536 $2,180,053 $2,404,902 $1,918,583 $1,332,778
Temporarily restricted net assets $4,470,874 N/A N/A N/A N/A
Permanently restricted net assets $2,433,216 N/A N/A N/A N/A
Total restricted net assets $6,904,090 $7,313,793 $9,449,118 $11,208,430 $10,753,852
Total net assets $8,446,626 $9,493,846 $11,854,020 $13,127,013 $12,086,630

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Form 1023/1024 is not available for this organization

Special Assistant to the President

Mr. Bruce L Davis

Number of employees

Source: IRS Form 990

Germanna Community College Educational Foundation Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Germanna Community College Educational Foundation Inc

Board of directors
as of 01/16/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Angel Piontek

Janet Gullickson

Germanna Community College

Wendell Anderson

Todd Gillingham

Fredericksburg Regional Alliance

Rhonda Cary Fried

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 1/16/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

Disability

No data

Equity strategies

Last updated: 01/16/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser