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Nonprofiteer
← GLENVILLE STATE UNIVERSITY FOUNDATION

Form 990 for tax year 2023

Filed by GLENVILLE STATE UNIVERSITY FOUNDATION.

Totals

Total revenue
$6,593,255
Total expenses
$3,129,457
Contributions and grants received
$4,269,948
Grants paid
$2,440,452
Program service revenue
$0
Investment income
$1,718,780
Other revenue
$604,527
Total assets, end of year
$29,270,745
Total liabilities, end of year
$3,142,136
Net assets or fund balances, end of year
$26,128,609
Program services expenses (Part IX)
$2,632,324
Management and general expenses
$354,415
Fundraising expenses
$142,718
Program service expenses (Part III)
$2,632,324

Program services were 84.1% 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

    $4,269,948

  • 3 · Investment income

    total $576,457 · excluded $576,457

  • 5 · Royalties

    total $522,307 · excluded $522,307

  • 6a · Gross rents

    real property $211,704

  • 6b · Less rental expenses

    real property $129,484

  • 6c · Rental income or loss

    real property $82,220

  • 6d · Net rental income or loss

    total $82,220 · related or exempt $82,220

  • 7a · Gross sales of assets other than inventory

    securities $1,142,323

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

    securities $0

  • 7c · Gain or loss

    securities $1,142,323

  • 7d · Net gain or loss

    total $1,142,323 · related or exempt $1,142,323

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,535,907 · program services $1,535,907

  • 2 · Grants to domestic individuals

    total $904,545 · program services $904,545

  • 5 · Compensation of officers, directors and key employees

    total $85,807 · program services $17,161 · management and general $34,323 · fundraising $34,323

  • 7 · Other salaries and wages

    total $126,890 · program services $25,378 · management and general $50,756 · fundraising $50,756

  • 11b · Fees: legal

    total $18,250 · management and general $18,250

  • 11f · Fees: investment management

    total $139,353 · management and general $139,353

  • 12 · Advertising and promotion

    total $40,692 · program services $36,623 · fundraising $4,069

  • 13 · Office expenses

    total $5,463 · program services $1,093 · management and general $1,093 · fundraising $3,277

  • 17 · Travel

    total $23,858 · program services $9,543 · fundraising $14,315

  • 20 · Interest

    total $89,752 · program services $44,876 · management and general $44,876

  • 22 · Depreciation, depletion and amortization

    total $53,564 · program services $26,782 · management and general $26,782

  • 23 · Insurance

    total $3,499 · program services $1,749 · management and general $1,750

  • 24a · Other expenses: DATABASE MANAGEMENT

    total $53,000 · program services $21,200 · management and general $10,600 · fundraising $21,200

  • 24b · Other expenses: MISCELLANEOUS

    total $29,712 · management and general $23,770 · fundraising $5,942

  • 24c · Other expenses: ANNUAL FUND

    total $9,711 · management and general $971 · fundraising $8,740

  • 24d · Other expenses: ALUMNI EXPENSES

    total $9,294 · program services $7,435 · management and general $1,859

  • 24e · All other expenses

    total $160 · program services $32 · management and general $32 · fundraising $96

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $249,178 · end of year $189,784

  • 2 · Savings and temporary cash investments

    beginning of year $1,370,360 · end of year $2,489,439

  • 3 · Pledges and grants receivable

    beginning of year $1,137,559 · end of year $1,164,259

  • 10a · Land, buildings and equipment: cost or other basis

    $5,010,026

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,336,001

  • 10c · Land, buildings and equipment, net

    beginning of year $3,041,055 · end of year $3,674,025

  • 11 · Investments: publicly traded securities

    beginning of year $11,092,012 · end of year $11,874,196

  • 12 · Investments: other securities

    beginning of year $7,449,972 · end of year $9,588,011

  • 15 · Other assets

    beginning of year $389,505 · end of year $291,031

  • 17 · Accounts payable and accrued expenses

    beginning of year $160,707 · end of year $350,539

  • 19 · Deferred revenue

    beginning of year $17,642 · end of year $17,642

  • 21 · Escrow or custodial account liability

    beginning of year $50,180 · end of year $59,535

  • 23 · Secured mortgages and notes payable

    beginning of year $2,807,629 · end of year $2,714,420

  • 27 · Net assets without donor restrictions

    beginning of year $1,275,845 · end of year $1,605,615

  • 28 · Net assets with donor restrictions

    beginning of year $20,417,638 · end of year $24,522,994

Mission and programs · 2023

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

RAISING FUNDS TO PROVIDE SCHOLARSHIPS AND FUNDING FOR GENERAL EDUCATION PURPOSES

  • RECEIVE AND PROVIDE FUNDS FOR SCHOLARSHIPS GIVEN FOR ACADEMIC AND ATHLETIC ACHIEVEMENTS TO STUDENTS

    Expenses $904,545 · Grants $904,545

  • RECEIVE AND PROVIDE FUNDS FOR GENERAL EDUCATION PURPOSES OF GLENVILLE STATE COLLEGE

    Expenses $1,727,779 · Grants $1,535,907

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Sandra Pettit

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • John Westfall

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mary Lee McPherson

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Timothy Butcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Robert Marshall

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Hutchison

    EX-OFFICIO BOARD MEMBER

    Total calculated
    $129,246
    From this org
    $0
    From related orgs
    $129,246
    Other
    $0
    Hours/week
    1

  • Brent Boggs

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Law

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sue Morris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Jenkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Greg Cunningham

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Morris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mike Ross

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mary Bland Strickland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sammy Gray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Andrew Minigh

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sterling Beane Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Greg Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Skinner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Patterson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maureen Gildein

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Lay

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gary Ray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Phil Reale

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark A Manchin

    EX-OFFICIO BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melissa O'Brien

    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

  • GLENVILLE STATE UNIVERSITY

    $1,535,907

    FOR THE PURPOSE OF EXPENDITURES OF GLENVILLE STATE COLLEGE

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.

  • GLENVILLE STATE UNIVERSITY

    501 (C)(3) · COLLEGE - EDUCATION · WV

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202433179349302113

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