Mission
TO PROVIDE FINANCIAL AND OTHER SUPPORT FOR THE DISSEMINATION OF EDUCATION IN MARTINSVILLE AND HENRY COUNTY, VIRGINIA, INCLUDING BUT NOT LIMITED TO SUPPORT OF NEW COLLEGE INSTITUTE.
Public Charity
MHC ACADEMIC FOUNDATION
MHC ACADEMIC FOUNDATION, of MARTINSVILLE, VA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2025 filing shows $1.2M in revenue, $295K in expenses, $16.1M in total assets. IRS filings disclose 5 grants awarded by this foundation, totaling roughly $435K.
EIN: 208407010
MARTINSVILLE, VA
Single Organization Support
NTEE: B11
Latest filing: 2025
Total Revenue$1.2M
Total Expenses$295K
Total Assets$16.1M
Grants Given5
Grant Total$435K
Filing Years2021–2025
Where $100 goes at Mhc Academic Foundation
How Mhc Academic Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.
$79
Programs
the work itself
$20
Management
running the organization
$1
Fundraising
raising the next dollar
Inside the $79 for programs
$79
Foundation encouraged and coordinated the development and delivery of degree programs and other credit and non-credit courses for the purpose of satisfying statewide critical shortage areas and industry…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Given
NEW COLLEGE INSTITUTE
DEVELOP ADDITIONAL PROGRAMS
$30,000
NEW COLLEGE INSTITUTE
DEVELOP ADDITIONAL PROGRAMS
$35,165
NEW COLLEGE INSTITUTE
DEVELOP ADDITIONAL PROGRAMS
$88,000
NEW COLLEGE INSTITUTE
DEVELOP ADDITIONAL PROGRAMS
$244,023
NEW COLLEGE INSTITUTE
DEVELOP ADDITIONAL PROGRAMS
$37,501
Showing up to 5 of 5 total records — full history available with membership.
Officers & Directors
MEMBER
Cary Wright
VICE CHAIR
Dr James Rountree
Treasurer
Jonathan Martin
Executive Dir.
Kevin Dekoninck
Secretary
Schnika Hodge
CHAIRWOMAN
Simone Redd
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $1.2M | $295K | $16.1M |
| 2024 | $763K | $284K | $14.5M |
| 2023 | $670K | $321K | $13.0M |
| 2022 | $1.1M | $484K | $12.2M |
| 2021 | $-5.1M | $1.2M | $13.5M |
Between 2021 and 2025, reported annual revenue moved from $-5.1M to $1.2M, with total assets most recently reported at $16.1M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in VA.
VA
Full geographic grant map with state-by-state breakdown available with membership.