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Nonprofiteer
← WEST VIRGINIA EMULATION ENDOWMENT TRUST

Form 990 for tax year 2024

Filed by WEST VIRGINIA EMULATION ENDOWMENT TRUST.

Totals

Total revenue
$1,057,565
Total expenses
$349,067
Contributions and grants received
$401,845
Grants paid
$305,300
Program service revenue
$0
Investment income
$655,720
Other revenue
$0
Total assets, end of year
$9,841,634
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$9,841,634
Program services expenses (Part IX)
$325,553
Management and general expenses
$23,514
Fundraising expenses
$0
Program service expenses (Part III)
$325,553

Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $401,845

  • 3 · Investment income

    total $286,614 · excluded $286,614

  • 7a · Gross sales of assets other than inventory

    securities $2,228,160

  • 7b · Less cost or other basis and sales expenses

    securities $1,859,054

  • 7c · Gain or loss

    securities $369,106

  • 7d · Net gain or loss

    total $369,106 · excluded $369,106

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $305,300 · program services $305,300

  • 5 · Compensation of officers, directors and key employees

    total $40,507 · program services $20,253 · management and general $20,254

  • 11c · Fees: accounting

    total $1,000 · management and general $1,000

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $2,260 · management and general $2,260

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,677

  • 2 · Savings and temporary cash investments

    beginning of year $307,474 · end of year $635,712

  • 11 · Investments: publicly traded securities

    beginning of year $8,813,250 · end of year $9,205,922

  • 29 · Capital stock, trust principal or current funds

    beginning of year $9,124,401 · end of year $9,841,634

Mission and programs · 2024

Mission

SUPPORT OF SPECIFIED EDUCATIONAL INSTITUTIONS

  • FINANCIAL SUPPORT FOR SPECIFIED EDUCATIONAL INSTITUTIONS

    Expenses $325,553 · Grants $305,300

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Truist Bank

    TRUSTEE

    Total calculated
    $40,507
    From this org
    $40,507
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
20 April 2025
IRS schema version
2024v5.1
Source object
202531129349300823

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.