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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education VA Foundation for Independent Colleges

VA Foundation for Independent Colleges

Fiscal year ending 2024. Filed on March 10, 2025.

901 East Byrd Street 1625
Richmond, Virginia 23219

VA Foundation for Independent Colleges (EIN: 54-0554396) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, VA Foundation for Independent Colleges, a 501(c)(3) charitable organization, reported compensation for 3 out of 5 total employees. Among the employees shown here, the average compensation is $292,007. The highest compensated employee at VA Foundation for Independent Colleges is Matthew Shank with fiscal year 2024 compensation of $371,326.

Revenue, expenses, and employee compensation

Revenue

$2,162,960

Expenses

$3,798,527

Employee compensation

$827,481
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Matthew Shank
Former President
$371,326
$306,912 No related comp$64,414
Mary-Beth Johnson
Chief Operating Officer
$212,688
$160,716 No related comp$51,972
Locke Ogens
President
$0

Benchmark Employee Compensation

Non-Employee Board Members

A Marshall Acuff Jr
Trustee
Alison Morrison-Shetlar
Trustee
Benita Thompson-Byas
Trustee
Bernard A Neimeier
Trustee
Beverly E Dalton
Trustee
Brad N Hall
Trustee
Brian K Skinner
Trustee
Brian W Quigley
Trustee
C Burke King
Treasurer
C Lynch Christian III
Trustee
Calvin W Fowler Jr
Trustee
Carter V Reid
Trustee

Mission Statement

THE MISSION OF THE VIRGINIA FOUNDATION FOR INDEPENDENT COLLEGES IS TO ADVANCE THE DISTINCTIVE VALUES AND STRENGTHS OF OUR SIXTEEN SMALLER ENROLLMENT, UNDERGRADUATE, RESIDENTIAL VIRGINIA MEMBER COLLEGES. WE DO THIS BY SECURING FINANCIAL SUPPORT FROM THE PRIVATE SECTOR, INCREASING VISIBILITY, FACILITATING INNOVATIVE AND COLLABORATIVE INITIATIVES BETWEEN THE COLLEGES, AND SUPPORTING INITIATIVES WHICH ENSURE THAT THIS PERSONALIZED EDUCATIONAL EXPERIENCE REMAINS AN AFFORDABLE CHOICE FOR TOMORROW'S CITIZEN-LEADERS.

Revisions to this organization profile

March 10, 2025:
2024 VA Foundation for Independent Colleges 990 filed
March 19, 2024:
2023 VA Foundation for Independent Colleges 990 filed
May 12, 2023:
2022 VA Foundation for Independent Colleges 990 filed

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