Overview
What is Southwest Virginia Higher Education Center Foundation?
The Southwest Virginia Higher Education Center Foundation is a nonprofit organization located in Abingdon, Virginia. Its primary role is to manage grants for the Southwest Virginia Clean Energy Research and Development Center, which is sponsored by the Virginia Tobacco Indemnification and Community Revitalization. The foundation assists in the indemnification and community revitalization grant, providing necessary support for businesses starting new ventures. The Clean Energy Research and Development Center focuses on applied research for technology, policy, and infrastructure issues, as well as connecting industry with the education and research resources required. The Southwest Virginia Higher Education Center Foundation's mission is to support the educational programs and activities of both the Higher Education Center and the Clean Energy Research and Development Center, offering administrative services to further their objectives.
Is Southwest Virginia Higher Education Center Foundation legitimate?
Southwest Virginia Higher Education Center Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Virginia Higher Education Center Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Southwest Virginia Higher Education Center Foundation?
The Southwest Virginia Higher Education Center Foundation was established with a mission to support the educational programs and activities of the Southwest Virginia Higher Education Center and the Clean Energy Research and Development Center. This support is primarily provided through administrative services. The foundation engages in various matters related to these centers, aiming to foster their growth and development. The foundation manages grants for the Clean Energy Research and Development Center, with the Virginia Tobacco Indemnification and Community Revitalization serving as the sponsor for the awards managed by the foundation. Under this sponsorship, the foundation assists in the Indemnification and Community Revitalization Grant, providing businesses with the necessary support to initiate new ventures. The Clean Energy Research and Development Center's focus is on applied research for technologies, policy, and infrastructure issues, as well as brokering key workforce needs, with the intent of systematically connecting industry with the education and research resources needed.
What is the revenue of Southwest Virginia Higher Education Center Foundation?
Southwest Virginia Higher Education Center Foundation's revenue in 2023 was $142,397.
Who are the executives of Southwest Virginia Higher Education Center Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Southwest Virginia Higher Education Center Foundation?
Southwest Virginia Higher Education Center Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Southwest Virginia Higher Education Center Foundation
The Southwest Virginia Higher Education Center Foundation's mission is centered around supporting the educational programs and activities of the Southwest Virginia Higher Education Center and the Clean Energy Research and Development Center. This support is primarily provided through administrative services. The foundation's role extends beyond mere administration, as it engages in various matters related to the centers' operations.
One of the significant ways the foundation contributes is by managing grants, specifically those associated with the Virginia Tobacco Indemnification and Community Revitalization. This sponsorship requires large equipment purchases to be titled to the foundation during the grant management period. The Tobacco Indemnification and Community Revitalization Grant Awards enable the Southwest Virginia Clean Energy Research and Development Center and the foundation to support businesses in starting new ventures, thereby contributing to the indemnification and community revitalization initiatives.
The Clean Energy Research and Development Center, under the foundation's umbrella, focuses on applied research for technologies, policy, and infrastructure issues. It also serves to bridge the gap between industry and the education and research resources needed. By systematically connecting industry with these resources, the center aims to support the development of clean energy technologies and foster the growth of related industries. In summary, the Southwest Virginia Higher Education Center Foundation's mission is to bolster the programs of the Southwest Virginia Higher Education Center, with a particular emphasis on supporting clean energy research and development.
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Impact
October, 2024
The Southwest Virginia Higher Education Center Foundation plays a vital role in enhancing educational programs and research initiatives in the region. By managing grants for the Southwest Virginia Clean Energy Research and Development Center, the foundation ensures that essential resources and funding are available to promote advancements in clean energy technologies and workforce development.
Through its partnership with the Virginia Tobacco Indemnification and Community Revitalization, the foundation facilitates financial support for businesses seeking to launch new ventures. This grants program not only contributes to economic revitalization but also fosters innovation and collaborative efforts between industry and academia, improving access to necessary research and educational resources.
The foundation's focus on applied research addresses critical technologies, policy issues, and infrastructure challenges, thereby systematically connecting local industries with the educational initiatives and skilled workforce needed to propel growth. Overall, the foundation's activities create a significant impact in fostering educational excellence, promoting research, and cultivating economic opportunity in Southwest Virginia.
This information is meant to be a general summary of Southwest Virginia Higher Education Center Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $14,898
- Program Service Revenue: $6,298
- Gross Receipts: $389,324
Assets and Liabilities:
- Total Assets: $6,466,633
- Total Liabilities: $10,000
- Net Assets: $6,456,633
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN. FEE
Revenue
$6,298
Organization Details
Founding Year
2008
Principal Officer
James Blevins
NTEE Category
Code: B12 - Education
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