Richard Bland College Foundation, Inc.
11301 Johnson Road
Petersburg VA 23805
Mission Statement
The Richard Bland College Foundation was established as a non-profit entity in 1977 to "aid, strengthen, and extend in every proper and useful manner the work, service, and objectives of Richard Bland College.
 
Richard Bland College’s mission is to prepare students for university transfer through academically rigorous programs grounded in the liberal arts tradition of William & Mary and to expand access to college credentials through strategic partnerships, specialized programming, and scalable innovation.  
Leadership
CEO/Executive Director Dr. Debbie Sydow
Board Chair Mr. William H. Talley IV
Board Chair Company Affiliation W. H. Talley and Son Insurance
Contact Information
Address 11301 Johnson Road
Petersburg, VA 23805
Telephone 804 862-6100
E-mail aanderson@rbc.edu
History and Background
Year of Incorporation 1978
Financial Summary
 
 
Projected Revenue $388,450.00
Projected Expenses $388,450.00
Additional Documents
Board of Directors2016View
Statements
Mission
The Richard Bland College Foundation was established as a non-profit entity in 1977 to "aid, strengthen, and extend in every proper and useful manner the work, service, and objectives of Richard Bland College.
 
Richard Bland College’s mission is to prepare students for university transfer through academically rigorous programs grounded in the liberal arts tradition of William & Mary and to expand access to college credentials through strategic partnerships, specialized programming, and scalable innovation.  
Impact
Accomplishments:
  • Increased giving to the unrestricted annual fund in support of RBC-19, five-year strategic plan
  • Increased new donor participation
  • Scholarship recipients meeting with donors
  • Updated Bylaws
Goals:
  • Increase scholarship funds
  • Begin a mini campaign in support of the College's new strategic plan
  • Increase alumni and other donor support
  • Support our new athletic developments
Needs
Richard Bland College Foundation, in support of its mission, needs to support the key objectives of Richard Bland College of William and Mary. The needs for the next year are correlated to supporting the College's new strategic plan: RBC-19.  The school's most pressing needs are funding for the renovation of the new Library Building (1.8 million) funding for the ESE program ($937,000), and funding for student scholarships.
Background
Richard Bland College Foundation supports the mission and vision of Richard Bland College of William and Mary.
 
College Mission:
To prepare students for university transfer through academically rigorous programs grounded in the liberal arts tradition of William and Mary and to expand access to college credentials through strategic partnerships, specialized programming, and scalable innovation.
 
College Vision:
As an extension of William and Mary, Richard Bland College is in the vanguard of learning-outcomes based liberal arts education for university transfer and a model for testing and applying outcomes-driven solutions in higher education.
CEO Statement
Richard Bland College’s 1500 students come from a variety of socio-economic backgrounds; many of whom are first generation college students. Thus, RBC serves a significant role in strengthening the capacity and diversity of higher education in the Commonwealth. RBC’s graduates have a high rate of success in their college careers and help provide a strong, educated workforce, which impacts the local economy, the Commonwealth, and beyond.
 
Areas of Service
Areas Served
Area
Statewide
Board Chair
Board Chair Mr. William H. Talley IV
Company Affiliation W. H. Talley and Son Insurance
Term July 2016 to June 2019
Email wht4@whts.com
Board of Directors
Board Members
NameAffiliation
Mr. James Beazley Dominion
Mr. Jeffrey M. Britt McGuireWoods Consulting
Mr. J. Peter Clements President The Bank of Southside Virginia
Ms. Ellen Ende Community Volunteer
Mr. Donald L. Haraway Retired
Ms. Penny Howard Richard Bland College
Mr. Steve King Community Volunteer
Mr Lin Lane community volunteer
Mr. Johnathan R. Malbon IT Consultant
Mr. Douglas Moyer community volunteer
Mr. Charles Patton community volunteer
Ms Mary Beth Poma Richard Bland College
Mr. John J. Radcliffe Alumnus
Mr. C. Frank Scott IIIcommunity volunteer
Dr. Debbie L. Sydow President Richard Bland College
Mr. William H. Talley IVW.H. Talley Insurance
Ms. Lea R. Tatum Leete Tire
Mr. J. Nelson Wilkinson Williams Mullen
Mr. Stephen Wilson River City Hospitality & Alumnus
Board Demographics - Ethnicity
African American/Black 1
Asian American/Pacific Islander 0
Caucasian 18
Hispanic/Latino 0
Native American/American Indian 0
Board Demographics - Gender
Male 14
Female 5
Governance
Board Term Lengths 3
Board Term Limits 6
Written Board Selection Criteria? No
Written Conflict of Interest Policy? Yes
Percentage Making Monetary Contributions 100
Percentage Making In-Kind Contributions 0
Number of Full Board Meetings Annually 4
Other Boards
The tables below contain information about other groups that advise this nonprofit on operations and projects.
Executive Director
Executive Director Dr. Debbie Sydow
Staff
Full Time Staff 0
Part Time Staff 0
Volunteers 0
Plans
Organization has a Strategic Plan?
Nondiscrimination Policy Yes
Whistleblower Policy Yes
Document Destruction Policy Yes
Directors and Officers Insurance Policy Yes
Programs
Description Foundation support for faculty development, cultural activities, library books, support for alumni, athletic programs, and curriculum enhancements.
Budget $227,283.00
Description

Scholarships and Financial Aid for Students

Budget $135,870.00
Description Advertising and promotion of the college paid by foundation funds.
Budget $20,565.00
Fiscal Year
Projected Revenue $388,450.00
Projected Expenses $388,450.00
Spending Policy Income Only
Form 990s
IRS Letter of Exemption
Detailed Financials
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201520142013
Foundation and
Corporation Contributions
$25,000--$70,000
Government Contributions$0$0$0
Federal------
State------
Local------
Unspecified------
Individual Contributions$550,449$507,741$207,589
------
--$577,569--
Investment Income, Net of Losses$133,131$664,995$475,407
Membership Dues------
Special Events$7,418$5,571$10,176
Revenue In-Kind--$45,135--
Other$603,818--$790,312
Expense Allocation
Fiscal Year201520142013
Program Expense$1,051,275$1,020,208$1,104,337
Administration Expense$108,452$64,498$54,902
Fundraising Expense$0----
Payments to Affiliates------
Total Revenue/Total Expenses1.141.661.34
Program Expense/Total Expenses91%94%95%
Fundraising Expense/Contributed Revenue0%0%0%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$28,956,950$29,404,808$29,290,598
Current Assets$606,853$451,377$477,680
Long-Term Liabilities$23,249,958$23,856,057$24,437,308
Current Liabilities$232,232$234,080$254,924
Total Net Assets$5,474,760$5,314,671$4,598,366
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities2.611.931.87
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets80%81%83%
Capital Campaign
Currently in a Capital Campaign? No
Capital Campaign Anticipated in Next 5 Years? Yes
State Charitable Solicitaions Permit
Solicitations Permit
Solicitations Permit ExemptionView
Comments
Foundation Comments
  • Financial information provided from IRS 990s.
  • IRS 990s and audited financial statements prepared by Mitchell Wiggins & Company.
  • Revenue from "Foundations and Corporations" also includes support from individuals.