MOUNTAIN GATEWAY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC Charity Report

Public IRS 990 nonprofit record

MOUNTAIN GATEWAY COMMUNITY COLLEGE EDUCATIONAL FOUNDATION INC

EIN 54-1547596 · Community Foundations (T31)

What they do

to SUPPORT MOUNTAIN GATEWAY COMMUNITY COLLEGE BY HELPING to PROVIDE AN ACCESSIBLE, QUALITY EDUCATION for STUDENTS IN THE SERVICE AREA of THE COMMUNITY COLLEGE, WHILE ALSO PROVIDING FACULTY GRANTS and PURCHASING NEW EQUIPMENT and TECHNOLOGY for CLASSROOM USE.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $73.30 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

53.58%of revenue went to mission work73.3% of expenses · Program services

5.99%of revenue went to fundraising8.2% of expenses

$73.14spent for every $100 of revenueRevenue covered expenses this year.

13.57%of revenue went to management and office costs18.6% of expenses

$15.94in assets for every $1 spent this yearSome assets cannot be spent right away.

45.4%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$856,611

Mission workProgram services$458,96453.58% of revenue73.3% of expenses

ManagementOffice and general costs$116,24113.57% of revenue18.6% of expenses

FundraisingAsking for donations$51,2805.99% of revenue8.2% of expenses

Revenue left after expensesReported annual surplus$230,12626.86% of revenueShown in gray on the chart

Total expenses$626,48573.14% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 73.3% mission · 18.6% management · 8.2% fundraisingTotal expenses: 73.14% of revenue

2023Expense mix: 76.7% mission · 17.1% management · 6.2% fundraisingTotal expenses: 153.17% of revenue

2022Expense mix: 86.4% mission · 8.8% management · 4.9% fundraisingTotal expenses: 66.20% of revenue

2021Expense mix: 84.0% mission · 10.4% management · 5.6% fundraisingTotal expenses: 63.88% of revenue

2020Expense mix: 84.8% mission · 10.0% management · 5.2% fundraisingTotal expenses: 73.12% of revenue

2019Expense mix: 90.0% mission · 6.4% management · 3.6% fundraisingTotal expenses: 57.10% of revenue

2018Expense mix: 90.7% mission · 6.7% management · 2.6% fundraisingTotal expenses: 66.85% of revenue

2017Expense mix: 92.9% mission · 4.2% management · 2.9% fundraisingTotal expenses: 66.15% of revenue

Money in and money out

Revenue$856,611

Expenses$626,485

Annual surplus $230,126 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$458,964 · 73.3% of expenses

Management and office costs$116,241 · 18.6% of expenses

Fundraising$51,280 · 8.2% of expenses

See all reported dollar amounts

Revenue$856,611

Expenses$626,485

Assets$9,987,385

Income$856,611

Contributions$389,067

Mission work (program services)$458,964

Fundraising$51,280

Grants given$1,328,262

Average grant$147,585

Management and general$116,241

Executive compensation (total)$35,466

Stocks and bonds$9,124,107

Accounting fees$18,045

Investing fees$36,366

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (22)

LOIS SWITZER1ST VICE PRESIDENT

WILLIAM T WILSONBOARD MEMBER

TAMMY SCRUGGS-DUNCANBOARD MEMBER

SUSAN FRISKIBOARD MEMBER

STEVE VAUGHNBOARD MEMBER

REBECCA JOHNSONBOARD MEMBER

RAY LIPESBOARD MEMBER

PAMELA MADISONBOARD MEMBER

NICOLE GUMM-GROSECLOSEBOARD MEMBER

NICK MOGAPAST PRESIDENT

MARGARET BURKSBOARD MEMBER

AMY PHILLIPSEXECUTIVE DIRECTOR

KATHY BRYANTTREASURER

JULIE GOYETTEBOARD MEMBER

JOHN STONEPRESIDENT

JEFFREY LINGERFELTBOARD MEMBER

HELEN E KOSTELBOARD MEMBER

ELAINE NELSONBOARD MEMBER

DR JOHN RAINONEBOARD SECRETARY/COLLEGE PR

DONNA VAUGHNBOARD MEMBER

DONNA BEIRNE2ND VICE PRESIDENT

DEBORAH WEDDLEBOARD MEMBER

About this charity

Recognized since: January 1982
Location: 1000 COLLEGE DR, CLIFTON FORGE, VA 24422-3310
County: Alleghany
In care of: % JODI BURGESS ADMIN ASST
Primary officer: BRUCE LOVING, EXECUTIVE DIRECTOR

How to reach them

WebsiteVisit the charity’s website Phone(540) 863-2837

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BROWN EDWARDS & COMPANY LLP
NTEE classification: Community Foundations (T31)
IRS tax category: Community Foundations
Grant-giving organization: Yes