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EIN 20-8407010

MHC Academic Foundation

IRS 501(c) type
501(c)(3)
Num. employees
2
City
Martinsville
State
Virginia
Year formed
2006
Most recent tax filings
2023-06-01
NTEE code, primary
B84: Alumni Associations
Description
The MHC Academic Foundation dedicates itself to expanding academic opportunities for students in the Martinsville-Henry County region. It enhances its mission by providing targeted financial support and building relationships with various academic initiatives, particularly supporting the New College Institute. The foundation encourages and coordinates the development and delivery of degree programs and other courses to address critical shortage areas and industry needs, offering both direct and indirect support to students.
Also known as...
New College Foundation
Total revenues
$669,738
2023
Total expenses
$320,979
2023
Total assets
$13,028,839
2023
Num. employees
2
2023

Program areas at MHC Academic Foundation

Foundation 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.

Personnel at MHC Academic Foundation

NameTitleCompensation
Kevin DeKoninckExecutive Director$77,400
Dr. James RountreeVice - Chair$0
Schnika HodgeSecretary$0
Simone ReddChair$1,200
Jonathan MartinTreasurer$0
...and 5 more key personnel

Financials for MHC Academic Foundation

RevenuesFYE 06/2023
Total grants, contributions, etc.$19,300
Program services$0
Investment income and dividends$275,255
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$375,183
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$669,738

Form 990s for MHC Academic Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-10990View PDF
2022-062022-09-19990View PDF
2021-062021-09-30990View PDF
2020-062021-04-06990View PDF
2019-062019-12-11990View PDF
...and 9 more Form 990s
Data update history
September 20, 2024
Updated personnel
Identified 1 new personnel
December 23, 2023
Posted financials
Added Form 990 for fiscal year 2023
December 23, 2023
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
March 30, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
LobbyingPartially liquidatedReceives government fundingEndowed supportProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
PO Box 492
Martinsville, VA 24114
County
Martinsville city, VA
Website URL
mhcaf.org/ 
Phone
(276) 403-4445
IRS details
EIN
20-8407010
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2006
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B84: Alumni Associations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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