Program areas at VFIC
The Foundation provides annual unrestricted and restricted contributions to support crucial needs at its sixteen member institutions, including funding for campus operations, academic program development, and faculty development.
The women's leadership development summit is designed to empower young women who are attending a vfic member college or university. Selected students joined fellow vfic students from across the commonwealth for a three-day summit to hear from dynamic and inspirational corporate and civic leaders about the skills needed to assume positions of authority in professional and personal settings. The students explored their own personal pursuits in the areas of leadership, skills development, and identifying and further strengthening the areas needed to recognize their full potential.
Other programs include support for the new horizons program, internship programs, ethics bowl, undergraduate teaching and the summer undergraduate program for research in the sciences.
Who funds Virginia Foundation for Independent Colleges (VFIC)
Grants from foundations and other nonprofits
Personnel at VFIC
| Name | Title | Compensation | Date of data |
|---|
| Mary-Beth Johnson | Chief Operating Officer | $151,100 | 2023-06-30 |
| Locke Ogens | President | | 2024-03-19 |
| C Burke King | Treasurer | $0 | 2023-06-30 |
| Nancy Howell Agee | Chair | $0 | 2023-06-30 |
| William C Dudley | Vice Chair | $0 | 2023-06-30 |
| ...and 2 more key personnel |
Financials for VFIC
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $2,318,889 | $1,417,393 | 63.6% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $2,429 | $122 | 1891% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $70,017 | -100% |
| Total revenues | $2,321,318 | $1,487,532 | 56.1% |
Organizations like VFIC
| Organization | Type | Location | Revenue |
|---|
| Northwestern Michigan College Foundation | 501(c)(3) | Traverse City, MI | $4,025,925 |
| The Cayuga County Community College Foundation | 501(c)(3) | Auburn, NY | $3,753,241 |
| Ventura College Foundation | 501(c)(3) | Ventura, CA | $3,043,808 |
| Rhode Island College Foundation | 501(c)(3) | Providence, RI | $3,438,035 |
| Bellevue College Foundation | 501(c)(3) | Bellevue, WA | $4,461,791 |
| Rock Valley College Foundation | 501(c)(3) | Rockford, IL | $2,025,850 |
| Wenatchee Valley College Foundation | 501(c)(3) | Wenatchee, WA | $2,460,396 |
| Schenectady County Community College Foundation | 501(c)(3) | Schenectady, NY | $1,015,038 |
| Monterey Peninsula College Foundation | 501(c)(3) | Monterey, CA | $3,751,397 |
| South Central College Foundation | 501(c)(3) | North Mankato, MN | $1,627,420 |
Data update history
May 28, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 9 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
Provides grantsState / local levelEndowed supportTax deductible donationsAccepts online donations
General information
- Address
- 901 E Byrd St 1625
- Richmond, VA 23219
- Metro area
- Richmond, VA
- County
- Richmond city, VA
- Website URL
- vfic.org/Â
- Phone
- (804) 288-6609
IRS details
- EIN
- 54-0554396
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 1952
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B42: Undergraduate College (4-year)
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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