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Nonprofiteer
← WEST VIRGINIA SYMPHONY ORCHESTRA FOUNDATION INC

Form 990 for tax year 2024

Filed by WEST VIRGINIA SYMPHONY ORCHESTRA FOUNDATION INC.

Totals

Total revenue
$438,305
Total expenses
$316,657
Contributions and grants received
$90,999
Grants paid
$260,000
Program service revenue
$0
Investment income
$347,306
Other revenue
$0
Total assets, end of year
$13,960,017
Total liabilities, end of year
$260,000
Net assets or fund balances, end of year
$13,700,017
Program services expenses (Part IX)
$260,000
Management and general expenses
$56,657
Fundraising expenses
$0
Program service expenses (Part III)
$260,000

Program services were 82.1% 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

    $90,999

  • 3 · Investment income

    total $347,306 · excluded $347,306

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $260,000 · program services $260,000

  • 11f · Fees: investment management

    total $56,657 · management and general $56,657

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,277 · end of year $2,777

  • 3 · Pledges and grants receivable

    beginning of year $450,154 · end of year $381,630

  • 11 · Investments: publicly traded securities

    beginning of year $12,101,429 · end of year $13,575,610

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,000 · end of year $260,000

  • 27 · Net assets without donor restrictions

    beginning of year $782,452 · end of year $819,573

  • 28 · Net assets with donor restrictions

    beginning of year $11,637,408 · end of year $12,880,444

Mission and programs · 2024

Mission

THE WEST VIRGINIA SYMPHONY ORCHESTRA FOUNDATION, INC (THE FOUNDATION) IS A SUPPORTING ORGANIZATION, INCORPORATED SOLELY TO PROVIDE FINANCIAL SUPPORT TO THE WEST VIRGINIA SYMPHONY ORCHESTRA, INC. THE FOUNDATION WAS ESTABLISHED TO MANAGE PERMANENTLY RESTRICTED ENDOWMENT CONTRIBUTIONS (I.E., CONTRIBUTIONS INTENDED BY THEIR DONORS TO BENEFIT THE WEST VIRGINIA SYMPHONY ORCHESTRA, INC. IN PERPETUITY) THEREBY PROVIDING FINANCIAL ASSISTANCE TO THE WEST VIRGINIA SYMPHONY ORCHESTRA, INC. THROUGH ANNUAL DISTRIBUTION BASED ON A PERCENTAGE OF THE NET FAIR MARKET VALUE OF THE FOUNDATIONS TOTAL ENDOWMENT.

Activities or mission (Part I)

THE WEST VIRGINIA SYMPHONY ORCHESTRA FOUNDATION, INC. (THE FOUNDATION) IS A SUPPORTING ORGANIZATION, INCORPORATED SOLEY TO PROVIDE FINANCIAL SUPPORT TO THE WEST VIRGINIA SYMPHONY ORCHESTRA, INC. THE FOUNDATION WAS ESTABLISHED TO MANAGE PERMANENTLY RESTRICTED ENDOWMENT CONTRIBUTIONS (I.E., CONTRIBUTIONS INTENDED BY THEIR DONORS TO BENEFIT THE WEST VIRGINIA SYMPHONY ORCHESTRA, INC. IN PERPETUITY) THEREBY PROVIDING FINANCIAL ASSISTANCE TO THE WEST VIRGINIA SYMPHONY ORCHESTRA, INC. THROUGH ANNUAL DISTRIBUTIONS BASED ON A PERCENTAGE OF THE NET FAIR MARKET VALUE OF THE FOUNDATION'S TOTAL ENDOWMENT.

  • PROVIDE SUPPORT TO THE WEST VIRGINIA SYMPHONY ORCHESTRA, INC. IN ACCORDANCE WITH THE FOUNDATION'S STATEMENT OF PRIMARY EXEMPT PURPOSE.

    Expenses $260,000 · Grants $260,000

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

Listed in Part VII

  • Dan Foster

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Patrick A Bond

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • David Sayre

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Elliot

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Craig Slaughter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Dexter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ruth Joseck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andy Teeter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jack Dever

    BOARD MEMBER

    Total calculated
    $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

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
13 March 2026
IRS schema version
2024v5.5
Source object
202610779349300211

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