folder Annual Report & Financials

Each year, more and more students are seeking access to non-traditional modes of post-secondary education. Southern Virginia students need affordable, accessible and substantive instructional programs in healthcare, business, technology, as well as the arts and sciences.

Thanks to the vision and ongoing support of the SVHEF, the Southern Virginia Higher Education Center (SVHEC) in South Boston, VA has provided for student needs in Southern Virginia for more than 25 years.

Our most recent annual report summary can be viewed below.

Statement of Activities July 2016 to June 2017

Fundraising Activity  
Cash Contributions $51,080
Pledged Funds Collected $68,152
Expenses Deducted from Contributions $0
Operational Income  
Income from Rent $673,395
Dividends and Interest $6,117
Operational Expenses  
Building Maintenance $116,781
Salaries & Benefits $62,313
SVHEC Support $170,426
Facilities Operation Support $41,321


The Foundation's 'AAA' mission is to provide local Access to higher education, to make everyone Aware of its availability, while helping to make it Affordable. This report demonstrates our commitment to our partners, contributors, the the SVHEC and most of all to the students of Southern Virginia.

Expenditures from Rental Income

The SVHEF owns and maintains the buildings that house the SVHEC, at an annual cost of $116,781, plus facilities operation support costs of $41,321

Rental Income Expenditures

SVHEC Support
Salaries & Benefits
Building Maintenance
Facilities Operation Support

Total



$170,426
$62,313
$116,781
$41,321

$358,020

chart rental income 2017

Breakdown of SVHEC Support

Scholarships (7%)
Fundraising Expense (6%)
Grant Match (13%)
Professional Services (29%)
SVHEF Staff Support of SVHEC (37%)
Building Insurance (9%)

Total

$12,000
$9,654
$22,000
$50,300
$62,313
$13,766

$170,426

chart svhec expenditures 2017

Documents

pdf Audit Report FY 2017 (7 downloads)
pdf Annual Report 2017 (7 downloads)
pdf Audit Report FY 2016 (123 downloads) Popular
pdf 2016 Annual Report (423 downloads) Popular
pdf 2015 Annual Report (541 downloads) Popular

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