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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 2019. Filed on April 16, 2020.

901 East Byrd Street No 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 2019 IRS Form 990 filing, VA Foundation for Independent Colleges, a 501(c)(3) charitable organization, reported compensation for 4 out of 9 total employees. Among the employees shown here, the average compensation is $164,244. The highest compensated employee at VA Foundation for Independent Colleges is Kenneth P Ruscio with fiscal year 2019 compensation of $308,356.

Revenue, expenses, and employee compensation

Revenue

$1,856,855

Expenses

$3,115,151

Employee compensation

$747,307
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Kenneth P Ruscio
Former President
$308,356
$255,676 No related comp$52,680
Mary-Beth M Johnson
Chief Operating Officer
$164,217
$124,374 No related comp$39,843
Page Robinson
Finance Manager
$20,159
$20,159 No related compNo other comp
Matthew Shank
President
$0

Benchmark Employee Compensation

Non-Employee Board Members

A Marshall Acuff Jr
Trustee
Anne Barnett Hazel
Trustee
Beverley E Dalton
Trustee
Bob Sasser
Trustee
Brad N Hall
Trustee
Bradley W Bateman
Vice Chair
Brian W Quigley
Trustee
C Burke King
Trustee
C Lynch Christian III
Trustee
Calvin W Fowler Jr
Trustee
Charles L Cabell, Esq
Trustee
Charles S Luck IV
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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