2011 Annual Report

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• Alfred M. Randolph, Jr. Converting potential into success Kaufman & Canoles Board & Staff • Rev. Ernest L. Reid 2011 Financial Statement Founders Portsmouth School Board ACCESS College Foundation • Dr. James T. Roberts STATEMENTS OF FINANCIAL POSITION 2011 2010 • Frank Batten, Sr. Superintendent, • Joshua P. Darden, Jr. Chesapeake Public Schools Assets: • Thomas E. Robinson College Success Officers Current Assets: 2011 Access College Success Program Robinson Development Group Annual Report • Conrad M. Hall • W. Douglas Russell Cash and cash equivalents $ 2,758,060 $ 4,835,381 Dominion Enterprises (Ret.) Program The Rutherfoord Companies Contributions receivable 70,767 109,887 Chairman 100 students who in a public college university • Anne B. Shumadine Grant receivable 18,356 10,487 The Path to Completion enrolled or • Bonnie B. Sutton Signature Financial Management, Inc. President and CEO • Lorraine B. Skeeter Total Current Assets 2,847,183 4,955,755 Access Virginia • Raymond K. Hamilton Suffolk School Board Investments, at fair value 25,839,534 19,403,283 ACCESS is committed to providing sup- Dollar Tree Stores, Inc. • Lisa B. Smith Investments, at cost — 875,000 Secretary/Treasurer port services for our college students that Graduate on Time Community Volunteer Property and equipment (net) 104,218 107,133 75 26 • Robert M. Stanton • Dr. David C. Stuckwisch are critical to helping them persevere to (4 Years) Stanton Partners, Inc. Superintendent, Long term contributions receivable (net) 48,733 70,806 Samantha Vowell Chair Emeritus college graduation day. The ACCESS Portsmouth Public Schools Total Assets $28,839,668 $25,411,977 Aspiring Graduate of Additional Graduates 16 15 • Jeffery Taylor Old Dominion University College Success Program bridges the gap (6 Years) Board of Directors Wells Fargo Advisors Liabilities and Net Assets: between high school graduation and • Frank Batten, Jr. • Rear Admiral Ben Wachendorf, (Ret.) Current Liabilities: Exercise Science/Pre-Med Landmark Media Enterprises college graduation by conducting one-on- Earl Industries Accounts payable and accrued expenses $ 114,379 $ 66,164 –––– Total Graduates 91 41 • Dr. Richard Bentley • Dr. Deran R. Whitney Net Assets: Future Oncologist specializing in Melanoma one and group counseling sessions on the Superintendent, Superintendent, Norfolk Public Schools campuses of 12 colleges/universities for ac- Suffolk Public Schools Unrestricted 2,052,854 2,372,714 Currently, the ACCESS College Success Program has an overall 91% retention • Barry C. Bishop Temporarily restricted 10,428,614 6,754,278 Greater Norfolk Corporation ademic, adjustment, financial and personal rate and four-year graduation rates that are nearly 3X the Virginia average. Administration Permanently restricted 16,243,821 16,218,821 • R. Bruce Bradley • Bonnie B. Sutton issues, consequently increasing the overall Total Net Assets 28,725,289 25,345,813 * Per Study Conducted by Complete College America Landmark Communications, Inc. (Ret.) President and CEO college retention and graduation rates. • Joan P. Brock • Cheryl L. Jones Total Liabilities and Net Assets $28,839,668 $25,411,977 Community Volunteer Program Director • William L. Chorey, Sr. • Gina M. Madden STATEMENT OF ACTIVITIES 2011 2010 Chorey & Associates Realty, LTD. Director of Development • Clyde T. Clark, Jr. • Ashley Woodous Public Support and Revenue: Wells Fargo Program Coordinator Contributions $ 1,827,784 $ 1,674,267 • William A. Copeland, Jr. • Dionne Scott TowneBank Grants Manager Donated facilities 60,000 60,000 • Joshua P. Darden, Jr. (Co-Founder) • Pamela Jimerson Interest income 153,269 169,637 Darden Properties, Inc. Financial Coordinator Dividend income 481,578 259,979 • Todd C. Davidson • Courtney Morris Gains (losses) on investments 3,192,942 1,138,321 Virginia Beach School Board Program Assistant Guillermo Moran • John A. B. Davies, Jr. • Keena Dickerson Capital gain distributions 50,195 10,979 Aspiring Graduate of The Marathon Organization, LTD Donor Communications Manager Total Public Support, Revenue and Losses $ 5,765,768 $ 3,313,183 The College of William and Mary • Cindy C. Earhart • Jameka Smith Norfolk Southern Corporation Office Assistant Expenses: Pre-Law • Paul J. Farrell Student grants and fees $ 507,010 $ 446,628 –––– Rosewell Homes, Inc. Advisors Other expenses: • Dawn S. Glynn Eastern Region Future Immigration Lawyer TowneBank • Adria Phillips Programs 1,340,943 1,228,495 • Gwen S. Green Eastern Region Team Leader Support services 538,339 517,774 Fulbright & Jaworski, L.L.P. • Jenny Hechtkopf Total Expenses 2,386,292 2,192,897 • Susan B. Hirschbiel • Ayesha Hughes Change in Net Assets 3,379,476 1,120,286 Community Volunteer • David Kidd • Dr. Kirk T. Houston, Sr. • Jacqueline Whitehead Net Assets, Beginning of Year 25,345,813 24,225,527 Chair, Norfolk School Board • Brandi Wynne Net Assets, End of Year $28,725,289 $25,345,813 • Thomas G. Johnson, Jr. Central Region Willcox & Savage, P.C. • Dana Smith STATEMENT OF CASH FLOWS 2011 2010 • Miles B. Leon Central Region Team Leader Cash Flows from Operating Activities S.L. Nusbaum Realty Company • Kevin Cenedella Change in net assets $ 3,379,476 $1,120,286 • Lemuel E. Lewis • Arthur Kelly Adjustments to reconcile change in Landmark Communications, Inc. (Ret.) • Chanelle Wiggins • Andria McClellan • Mary Carter Scott net assets to net cash provided by operating activities (3,126,052) (1,096,169) Community Volunteer Western Region Net Cash Provided by Operating Activities 253,424 24,117 • Gary T. McCollum • Joanne Forbes Tyree Crandle Cox Communications Virginia Western Region Team Leader Cash Flows from Investing Activities Aspiring Graduate of • Dr. James G. Merrill • Jordan Brown Superintendent, • Lauren Collins Purchase of property and equipment (12,631) (16,376) Norfolk State University Virginia Beach City Public Schools • Adrienne Miller Purchase of investments (3,658,629) (12,954,652) School of Business • George H. Metzger • Herbert Stringfield, Jr. Proceeds from sales of investments 1,340,515 9,240,699 RP55 Group Other –––– • Audrey Darden Parrott • Andrea Schusler Net Cash Provided by Investing Activities (2,330,745) (3,730,329) Future Entrepreneur – Small Business Owner Community Volunteer College Success Advisor Net Increase in cash and cash equivalents (2,077,321) (3,706,212) • Anita O. Poston • Antoinette Haygood Cash and cash equivalents, beginning of year 4,835,381 8,541,593 Vandeventer Black, LLP College Success Advisor Cash and Cash Equivalents, End of Year $ 2,758,060 $ 4,835,381 • Christina F. Pullen • Peggy Johnson Chesapeake School Board Early College Awareness Advisor SAMANTHA VOWELL – Without ACCESS, I would have been continues to help me by listening to my “As a first-generation college student, completely clueless about the college thoughts and ideas and assisting me in having an ACCESS Advisor is similar to application process and entire college developing my future plans. ACCESS having a family member that has already experience. Throughout my time at has helped me succeed at Old gone through the college experience. ODU, my College Success Advisor Dominion University!” www.accesscollege.org 7300 Newport Avenue, Suite 500 • Norfolk, VA 23505 • (757) 962-6113 1783 AccessCollege 12/6/11 10:27 AM Page 2

$5,000 - $9,999 SunTrust Bank, First Team Toyota Elizabeth and Charles Margaret P. McGeorge In Honor of Harvey L. Setting dreams in motion Alma and Howard Hampton Roads Edward R. George, M.D. Portner Hugh S. Meredith Lindsay, Jr. Message from the chairman Laderberg Restricted The USAA Foundation Gwen S. Green MISSION Ginger M. Power Judy and Bill Miner Katherine Linehan Fund of the Tidewater Dixie D. and Henry C. Beverly C. Hagy STATEMENT To PROVIDE Harry R. Purkey Sharon P. and John F. Kitterman Jewish Foundation Wolf Harbor Group Jane M. Purrington Newhard, Jr. The ACCESS College Foundation is nationally recognized for Araujo Estate Wines Management Judith and William E. Kelley Person In Memory of Gerald income and other at-risk mid- the many ways it positively impacts our society. This annual Atlantic Commercial $2,500 - $4,999 Company students, who may not Rachels, Jr. Andrea Schusler (Jerry) F. McDonnell Early College Awareness dle school students. Working Dana Rameriz Early College report highlights some of the extraordinary things ACCESS has Real Estate Anonymous Heritage Bank ‘‘ Mary Carter Scott Mr. and Mrs. Robert Carolyn K. and Richard David Jester Stephen Reader Frances B. Sellew Program with young students to get Awareness achieved during the past academic year while reaching out to Services, Inc. have the opportunity, the M. Stanton them to establish personal Atlantic Dominion F. Barry Cheryl L. Jones Priscilla Trinder Roady Donald R. Snipes The Path to College Planning Participation students and families throughout our communities. Distributors/Hoffman Dr. and Mrs. C. Fred Lisa B. Smith and Mr. and Mrs. Kurt M. Melissa M. Thrasher In Honor of Alfred M. and educational goals during Beverage Company Bateman Maurice A. Jones path to ATTEND and Rosenbach Jacqueline Whitehead “Ran” Randolph, Jr. middle school is a critical first There are many reasons to feel good about our results to date. Carey and Gary M. Brooks Cottrell Contracting Floyd Kuriloft Edward and Cindy Morris S. Winston Jr Virginia Beach Garden ast school year, the Corporation Steven E. Lawson Russell Brandi Wynne Club Through the provision of college awareness services for step on their climb up the After all, we’ve helped transform thousands of young lives in C & M Industries complete college. ACCESS Early College Fay Martin Chandler Cox Communications Connie and Page Lea Salem High School Dorothy M. educational ladder toward L ways that enrich the entire Southeastern Virginia region. But 7th and 8th graders, ACCESS remains proactive in our Awareness Program inspired The Charles F. Hampton Roads Tyler and Sunshine J. C. Scribner Zimmerman In Memory of Beverly success. Educating both our job is far from over. Each year, we encounter students with Burroughs, Jr. 2003 Cindy C. Earhart Leinbach Lois Simpson Brenner Rostov approach to eradicating the odds that are stacked against low- 70% of the 10,000 7th and students and parents about the talent to become future doctors, lawyers, teachers and Charitable Lead Trust John F. Estes, III Sandra and Miles Leon Mr. and Mrs. Robert H. Susan and Ted M. Geri Drewrey’’ Beaven Smith Memorials/Honors Joseph & Lula G. 8th graders attending low- entrepreneurs, but who face significant barriers to access and Farmers Bank Elizabeth Ann and Dana Smith In Honor of Frank Brenner Memorial college financing options is Chorey & Associates Wells Sherman E. T. Gresham income middle schools in affordability. Please help ACCESS send these deserving students Realty, LTD. Fulbright & Jaworski Frederick P. Mark and Kathy Robert H. Smith, III Company, Inc. Jameka Smith Batten, Sr. Fund another important aspect of to college by joining our family of supporters and honoring us Community Action L.L.P. Lingamfelter Wheeler Dr. and Mrs. Glenn C. Susan and Daniel D. Herman A. and Barbara Fay Martin Chandler South Hampton Roads. David and Susan Goode J. Spigel In Honor of Louis planning for postsecondary with your “gift of opportunity.” For every $1 spent on direct Coalition of Virginia Gina and Brian Madden Ashlin and Wayne Snyders Edwards options. ACCESS addresses Douglas and Marianne Hearndon Construction Eleanor J. Marshall Wilbanks Bobby and Mimi Stein Mr. and Mrs. Archie The Debbi & Jim In Memory of Frank F. Ryan services, ACCESS obtains $17 in financial aid and scholarships Dickerson Foundation Corp., Inc. Suzanne and Vince William E. Wood & Sunny Day Guide Elliott, Jr. Steiger Family Fund Batten, Sr. Signature Financial these topics through school- 7,400+ for students. The Dragas Companies Hoy Construction, Inc. Mastracco Associates Nina and Mervin R. Charlotte and Lawrence Kay M. Stockwell Stephen W. Hogan Management, Inc. based workshops, small Janet and John Ellis, Jr. Mary Clark Janis Mr. and Mrs. Gary T. Robert and Judith Troyer Field Virginia and Carl J. group meetings and one-on- As we fulfill the mission that you have entrusted us with, the Fain Family Fund Mr. and Mrs. Jerry McCollum Williams Dr. Theresa W. Whibley Joanne Forbes Stringer In Honor of Jane P. In Honor of Kantor Oriana M. McKinnon Herbert Stringfield, Jr. Batten Eleanor Saslaw one sessions. ACCESS College Foundation will continue to empower under- Mr. and Mrs. Paul J. Mr. and Mrs. Nicholas and Rod Whibley Karen L. and Louis J. Farrell Mike and Andria John E. Melley G. Wilson, III Ashley Woodous Fortier Mr. and Mrs. Hildreth Robert C. Nusbaum and JoAnn M. and Robert served youth to reach their fullest potential through education. Great Atlantic McClellan Norfolk Historical YMCA of South Heather and Adam N. H. Strode Linda S. Laibstain G. Hofheimer, Jr. TYREE CRANDLE – Management, LLC Mr. and Mrs. Peter M. Society $500 - $999 Hampton Roads Foxwell Dr. and Mrs. David C. Stuckwisch In Honor of Joshua P. “I began attending ACCESS workshops about planning for college in Greater Tidewater Meredith, Jr. Old Dominion Scott and Monique Rowena and Peter In Honor of Robert Virginia Chapter, Palms Associates University Adams $100 - $499 Fullinwider Jeffery Taylor Darden, Jr. M. Stanton the 7th grade, and my ACCESS Advisor really gave me the hope that I Sincerely, National Association Sentara Healthcare Mr. and Mrs. Alfred M. Herbert K. Bangel Jerry W. Adams Karla Alexander Mr. and Mrs. R. Dixie D. and Henry C. David J. Boyles can go to college. The program had a big impact on my educational of Women in Suffolk Foundation “Ran” Randolph, Jr. Beta Upsilon Chapter of Anne B. Addington Galloway Dawson Taylor Wolf Tonya S. Clark goals. Now, when my friends tell me that they will only be able to Construction Thomas E. and Bonnie Dr. and Mrs. Tom Rich Delta Kappa Gamma Leslie and Rod Allen Elizabeth and James E. Henry C. Turner Teresa C. Peters B. Sutton USI Insurance Services In Memory of Nancy Patricia B. Sherrill go to college if they are offered a sports scholarship, I tell them “If Georgia A. and Raymond Jack J. Ross Society, International Anonymous Gordon ACCESS Advisor Peggy Johnson meets with 8th grader Tyree Crandle at Norview Middle Conrad M. Hall K. Hamilton Virginia Beach Billfish Anne and Brad Sauer Barry C. Bishop Anonymous Stephan H. and Nivea T. Velazquez Hagy School in Norfolk. that doesn’t work, don’t give up! Go see the ACCESS Advisor.” Chairman, ACCESS College Foundation Thomas G. Johnson, Jr. Tournament Toy D. Savage, Jr. Jordan Brown John T. Armistead, Jr. Marynell Gordon James and Berry Via Cheryl L. Jones In Honor of Floyd E. Kellam Jr. Richard and Leah Diane Sawyer Pamela E. and Robert P. Marguerite O. and Greta I. Gustavson Rear Admiral and Mrs. Leah Waitzer Family Fund Waitzer Ms. Lynn Schoenbaum Burke James A. Bacon Antoinette L. Haygood Miles B. Wachendorf, In Memory of Jennings Bradley J. Waitzer Mr. and Mrs. Aubrey L. Dr. and Mrs. Carl P. Shoe City/103 JAMZ H. Douglas and Ellen J. Bryan and Karen Dr. Louis H. Henry USN (Ret.) Bryan “J. B.” Jones Edwin S. Waitzer Priority Auto Group Layne, Jr. Wisoff Anne B. and Conrad M. Cunningham Bagwell Constance M. Reilly and Mark Warlick Arlene Klinedinst ACCESS Supporters Robinson Development Nansemond Charitable Shumadine Robert A. Dardenne Edward R. Baird, Jr. Holloman Bill and Christine Baragona In Honor of Karen Group $1,000 - $2,499 Suffolk Rotary Club Mr. and Mrs. Arthur A. Theo Baker, Jr. Malia Huddle Westendorf Carylon C. Buck Whayland July 1, 2010 to October 31, 2011 Foundation, Inc. High School Mr. and Mrs. Louis F. Ryan RST Development American Advertising Charles A. Vail, Jr. Diamonstein Stanley G. Barr, Jr. Ayesha Hughes Dr. and Mrs. Deran R. Mr. and Mrs. Charles Carolyn Bernard $75,000 and Above Carolyn and Charles E. The Southern Mr. and Mrs. E. Scott Federation, Hampton Shakita T. Vick William B. Eley John and Jody Benedict Cherbury Hunt Whitney R. Buck Program Chesapeake Bay Wine Plimpton Hospitality Rigell Roads Vico Construction Great Bridge High Carter and Larry Bernert H. Blount Hunter, III Elizabeth F. Willcox Geri Drewrey In-Kind Gifts The Path to College Enrollment Classic Foundation Richard Bennett Trust Automotive Group The Rutherfoord Anonymous Corporation School The Betty Ann and The Honorable and Thomas H. Wilson Karla Alexander Galloway Baker’s Crust Hampton Roads John and Audrey Settle James A. and Karen Companies Clay H. Barr Virginia Beach Sam’s Mollie D. Hassell Ben Huger Family Mrs. Marc Jacobson Winn Nursery of Colette Hadley City of Norfolk Community Signature Financial Jones Squires S. L. Nusbaum Lee Baynor Club Jim White Fitness Foundation Pamela Jimerson Virginia, Inc. William A. and Nancy Cox Communications Foundation Management, Inc. Mr. and Mrs. Robert M. Realty, Co. Ann and Jim Belk Bradley J. Waitzer Community Christina H. and Dolores E. Johnson B. Hagy Hampton Roads ACCESS charts the course for our high Landmark Foundation The Wachovia Wells Stanton Simon Family Dr. J. Sumner Bell Edwin S. Waitzer Foundation Edward R. Boland Peggy J. Johnson $99 and under Mr. and Mrs. E.C. South Hampton Roads school students, helping them navigate State Council of Higher Fargo Foundation TowneBank Foundation David M. Brown Ward's Corner Lions The John D. Munford David J. Boyles Mr. and Mrs. Charles E. Teresa A. Abdulbaaqee Hanbury Public School through the complex college entrance Education for Virginia Susan S. and John O. Sonia R. Sonner Mr. and Mrs. William A. Club Fund Nancy and Malcolm Land Anonymous Huntersville Districts $10,000 - $24,999 Wynne Terri L. Baker Hardwoods, Inc. process. We place an Advisor in each of The Southeast Virginia Copeland, Jr. Warden Family David Kidd Branch Dr. and Mrs. Donald W. $50,000 - $74,999 Anonymous Community Foundation John A. B. Davies, Jr. Foundation Elizabeth E. Klein Violet Breneiser Lewis Joseph H. Barlow Dolores E. Johnson the 29 public high schools of South Jane P. Batten Aimee and Frank Batten, Tony and Lakeisha Isabel and Louis Brenner Dr. and Mrs. Edward Marie H. Benefiel Gina and Brian Madden Hampton Roads to help students with Checkered Flag Jr. Foundation Mayes Mr. and Mrs. Carlton N. Lilly Jarun Brown Tony and Lakeisha every aspect of the college entrance Guillermo Moran discusses his college options with ACCESS Advisor Lauren Collins at Woodrow Wilson High School Dollar Tree Stores, Inc. Bank of America VISION Allison S. and David M. Brock, Jr. Frederick and Nancy Miranda R. and Barry Mayes in Portsmouth. Norfolk Southern BB&T STATEMENT We will give EVERY desiring McDuffie Lee and Betsy Brown Lowe M. Buck Audrey and Allan process – test registrations, information on Foundation Birdsong Corporation Douglas A. Moses Twanya Brown Lo Lumsden Kevin Burns Parrott college requirements, help in completing Mr. and Mrs. R. Bruce student, from middle school through Mr. Tom F. Morehouse Jean C. Bruce Jannette E. Martin Megan Caramore Adria Parker Phillips admissions applications, and applying for 2010-2011 High School Program $25,000 - $49,999 Bradley ‘‘ and Ms. Sara L. Carylon C. Buck Howard W. Martin, Jr. Laurra Edmonds- Rebecca and Brandon Beazley Foundation, Inc. Mr. and Mrs. Macon F. Marchello Michelle and Rob Butler Alison and Thomas Young Shearin and receiving financial aid and the fund- Joshua P. Darden, Jr. Brock, Jr. college, the opportunity to optimize Malverse A. Nicholson Marie and Frank McKee The Evelyn and Lisa B. Smith and ing to attend college. Peggy and Conrad M. Charles Barker Toyota and Odessa E. Jacocks Callaham, Jr. Dr. James G. Merrill Cameron Munden Maurice A. Jones $500,000 Hall Dominion Virginia Power their LIVES and enrich the Hampton Victoria Paul Capital Concrete Adrienne Miller Foundation Thomas E. and Bonnie in ACCESS $33 million in Mr. and Mrs. Paul O. Earl Industries, L.L.C. John and Mollie Payne Scott and Heather Carr Alveta G. Mitchell David and Betsy Goode B. Sutton GUILLERMO MORAN – 3,000 + financial aid “Last-Dollar Hirshbiel, Jr. Fulton Bank The Honorable and Darcel Catlett Buddy Moore Mr. and Mrs. Richard Betty J. and Richard L. “My ACCESS Advisor has expanded my seniors assisted Roads community by CREATING a Scholarships” Management Consulting, Hampton Roads Mrs. Charles Poston Kevin Cenedella Jennifer Moore Wells Gresham Thomas college and financial options by often put- Inc. (MANCON) Bankshares Dr. Isabelle L. Dana Cheek Courtney L. Morris Estherine J. Harding Vandeventer Black LLP ting herself in my shoes and helping me George and Linda McPhillips, Roberts & STRONG workforce and engaged Richmond Lauren Collins Norfolk State University Jenny Hechtkopf In Memory of Telsa Leon weigh different options and possibilities. ACCESS has tremendously impacted my broadened my dreams, career possibilities Metzger Deans Jeff Saunders Mr. and Mrs. Anthony Foundation, Inc. Mr. and Mrs. Don K. National College Audrey and Allan Parrott citizens through higher education. Alvin S. and Denise K. M. Cutrino Richard G. Parise Keister Eleanor and Bob Stanton Without my ACCESS Advisor, I would be college possibilities—assisting with every- and has strengthened my motivation for Access Network Portsmouth General Schnitzer Keena L. Dickerson Antwan Perry Arthur Kelly lost. I would have dreams, but no guidance. thing from fee waivers to college trips— higher education.” Phillips Automotive Hospital Foundation ’’ Dionne T. Scott Michael S. Dinniman Adria Parker Phillips Dave Kelly 1783 AccessCollege 12/6/11 10:27 AM Page 1