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.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$16.1M
+11.2% YoY
Annual Giving
$30K
-14.7% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$30K
-14.7% YoY
About Mhc Academic Foundation
Based on IRS filings
Mhc Academic Foundation is a nonprofit organization focused on Education, based in MARTINSVILLE, VA. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $16.1M in total assets. In 2025, it awarded 1 grants totaling $30K. Net investment income was $1.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $16,118,675 | $14,498,458 | $13,028,839 |
| Revenue | $1,196,414 | $763,302 | $669,738 |
| Expenses | $295,020 | $283,883 | $320,979 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,193,414 | $782,137 | $650,438 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include New College Institute ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NEW COLLEGE INSTITUTE MARTINSVILLE, VA | DEVELOP ADDITIONAL PROGRAMS | $30,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| KEVIN DEKONINCK | Executive Dir. | 40 | $78,600 |
| SIMONE REDD | CHAIRWOMAN | 1.5 | $1,200 |
| CARY WRIGHT | MEMBER | 1.5 | — |
| SCHNIKA HODGE | Secretary | 1.5 | — |
| DR JAMES ROUNTREE | VICE CHAIR | 1.5 | — |
| JONATHAN MARTIN | Treasurer | 1.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mhc Academic Foundation?
Mhc Academic Foundation is a nonprofit organization focused on Education, based in MARTINSVILLE, VA. It holds $16.1M in total assets as of 2025.
How large is Mhc Academic Foundation?
As of 2025, Mhc Academic Foundation holds $16.1M in total assets with $1.2M in annual revenue. It awarded 1 grants totaling $30K in 2025.
Where does Mhc Academic Foundation operate?
Mhc Academic Foundation has awarded grants in Virginia.
What size grants does Mhc Academic Foundation award?
In 2025, Mhc Academic Foundation awarded 1 grants totaling $30K — an average of about $30K per grant, based on its IRS Form 990 filings.
What is Mhc Academic Foundation's EIN?
Mhc Academic Foundation's EIN (Employer Identification Number) is 20-8407010. IRS Form 990 filing data is available on this page for 2020–2025.
Explore Open Grants
Browse active grant opportunities in Mhc Academic Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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