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Nonprofiteer
← ALDERSON-BROADDUS ENDOWMENT CORPORATION

Form 990 for tax year 2023

Filed by ALDERSON-BROADDUS ENDOWMENT CORPORATION.

Totals

Total revenue
-$26,816,390
Total expenses
$80,900
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
-$26,817,962
Other revenue
$1,572
Total assets, end of year
$4,653,485
Total liabilities, end of year
$26,971,539
Net assets or fund balances, end of year
-$22,318,054
Program services expenses (Part IX)
$80,900
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$80,900

Program services were 100.0% 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.

  • 5 · Royalties

    total $1,572 · related or exempt $1,572

  • 7a · Gross sales of assets other than inventory

    securities $4,589,025

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

    securities $31,406,987

  • 7c · Gain or loss

    securities -$26,817,962

  • 7d · Net gain or loss

    total -$26,817,962 · related or exempt -$26,817,962

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $20,623 · program services $20,623

  • 20 · Interest

    total $51,500 · program services $51,500

  • 23 · Insurance

    total $113 · program services $113

  • 24a · Other expenses: BANK CHARGES

    total $8,664 · program services $8,664

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $197,227 · end of year $642,350

  • 10c · Land, buildings and equipment, net

    beginning of year $1,080,747

  • 12 · Investments: other securities

    beginning of year $3,705,327 · end of year $4,011,135

  • 13 · Investments: program-related

    beginning of year $29,941,034

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,724 · end of year $55,724

  • 24 · Unsecured notes and loans payable

    beginning of year $29,929,435 · end of year $26,599,500

  • 25 · Other liabilities

    beginning of year $359,940 · end of year $316,315

  • 27 · Net assets without donor restrictions

    beginning of year $2,409,886 · end of year -$22,318,054

  • 28 · Net assets with donor restrictions

    beginning of year $2,169,350

Mission and programs · 2023

Mission

SUPPORT ALDERSON BROADDUS UNIVERSITY, INC

  • ALDERSON BROADDUS ENDOWMENT CORP PROVIDES SUPPORT TO ADLERSON BROADDUS UNIVERSITY THROUGH CAPITAL LEASE AGREEMENT.

  • CLOSE OUT OPERATIONS

    Expenses $80,900

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen Larry

    PRESIDENT

    Total calculated
    $0

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

No itemized grants to organizations 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
2023
Filed
5 August 2025
IRS schema version
2023v6.0
Source object
202512309349300831

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