Form 990 for tax year 2022
Filed by WEST VIRGINIA INDEPENDENT COLLEGES AND UNIVERSITIES INC.
Totals
- Total revenue
- $1,011,077
- Total expenses
- $602,824
- Contributions and grants received
- $818,200
- Grants paid
- $457,651
- Program service revenue
- $144,200
- Investment income
- $43,703
- Other revenue
- $4,974
- Total assets, end of year
- $3,092,498
- Total liabilities, end of year
- $1,815,544
- Net assets or fund balances, end of year
- $1,276,954
- Program services expenses (Part IX)
- $464,667
- Management and general expenses
- $106,251
- Fundraising expenses
- $31,906
- Program service expenses (Part III)
- $464,667
Program services were 77.1% 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
$818,200
-
2a · Program service revenue: MEMBERSHIP DUES/ASSESS
total $144,200 · related or exempt $144,200
-
3 · Investment income
total $43,703 · excluded $43,703
-
11a · Other revenue: MISCELLANEOUS INCOME
total $4,974 · excluded $4,974
-
11e · Other revenue, total
$4,974
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $457,651 · program services $457,651
-
11a · Fees: management
total $100,000 · program services $4,000 · management and general $87,000 · fundraising $9,000
-
11c · Fees: accounting
total $19,350 · program services $774 · management and general $16,834 · fundraising $1,742
-
13 · Office expenses
total $2,327 · program services $2,139 · management and general $170 · fundraising $18
-
23 · Insurance
total $2,582 · program services $103 · management and general $2,247 · fundraising $232
-
24a · Other expenses: CAMPAIGN
total $15,139 · fundraising $15,139
-
24b · Other expenses: MEMBERSHIP FEES
total $5,775 · fundraising $5,775
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $359,054 · end of year $383,867
-
2 · Savings and temporary cash investments
beginning of year $24,225 · end of year $24,225
-
3 · Pledges and grants receivable
beginning of year $100,343 · end of year $445,786
-
11 · Investments: publicly traded securities
beginning of year $697,637 · end of year $602,862
-
15 · Other assets
beginning of year $2,009,011 · end of year $1,635,758
-
17 · Accounts payable and accrued expenses
beginning of year $194,080 · end of year $179,786
-
25 · Other liabilities
beginning of year $2,009,011 · end of year $1,635,758
-
27 · Net assets without donor restrictions
beginning of year $867,315 · end of year $811,647
-
28 · Net assets with donor restrictions
beginning of year $119,864 · end of year $465,307
Mission and programs · 2022
Mission
THE MISSION OF WVICU IS TO ADVANCE COLLECTIVELY THE INTERESTS OF WEST VIRGINIA'S INDEPENDENT COLLEGES AND UNIVERSITIES AND THEIR STUDENTS.
Activities or mission (Part I)
THE MISSION OF WVICU IS "TO CHAMPION INDEPENDENT HIGHER EDUCATION THROUGHOUT THE STATE OF WEST VIRGINIA". THE VISION FURTHER STATES THAT INDEPENDENT HIGHER EDUCATION IN WEST VIRGINIA WILL BE AN ACCESSIBLE, INDISPENSABLE AND HIGHLY VISIBLE COMPONENT OF THE STATE'S EDUCATIONAL, ECONOMIC, AND CULTURAL LIFE. WVICU CURRENTLY SERVES EIGHT NOT-FOR-PROFIT MEMBER INSTITUTIONS.
-
WVICU REQUESTS CONTRIBUTIONS FROM FOUNDATIONS, CORPORATIONS, AND INDIVIDUALS THAT ARE USED FOR SCHOLARSHIPS GRANTED TO WEST VIRGINIA STUDENTS THAT DEMONSTRATE HIGH ACADEMIC PERFORMANCE AND FINANCIAL NEED AT OUR SEVEN MEMBER COLLEGES AND UNIVERSITIES.
Expenses $457,651 · Grants $457,651 · Revenue $144,200
-
EXPENSES INCURRED TO PROMOTE THE APPRECIATION OF INDEPENDENT HIGHER EDUCATION AND THE IMPORTANCE OF EDUCATIONAL, CULTURAL, AND ECONOMIC NEEDS OF WEST VIRGINIA AND THE NATION.
Expenses $7,016
As filed on the 2022 return.
Listed in Part VII
-
John McCuskeyJOHN MCCUSKEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Julie GurtisJULIE GURTIS
EVP & CHIEF BANKING OFFICE
- Total calculated
- $0
- Hours/week
- 2
-
Aaron SporckAARON SPORCK
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
John HardestyJOHN HARDESTY
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Eric MohanERIC MOHAN
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Susan DenikerSUSAN DENIKER
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Cameron Nutting WilliamsCAMERON NUTTING WILLIAMS
MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Tim BarryTIM BARRY
CHAIRMAN - ALDERSON BROADDUS
- Total calculated
- $0
- Hours/week
- 2
-
Chris WoodCHRIS WOOD
VICE CHAIRMAN - ACADEMIC
- Total calculated
- $0
- Hours/week
- 2
-
Jamie CaridiJAMIE CARIDI
MEMBER - BETHANY COLLEGE
- Total calculated
- $0
- Hours/week
- 2
-
Ginny FavedeGINNY FAVEDE
MEMBER - WHEELING UNIVERSI
- Total calculated
- $0
- Hours/week
- 2
-
Daniel AndersonDANIEL ANDERSON
MEMBER - APPALACHIAN BIBLE
- Total calculated
- $0
- Hours/week
- 2
-
Martin S RothMARTIN S ROTH
MEMBER - UNIVERSITY OF CHARLESTON
- Total calculated
- $0
- Hours/week
- 2
-
James MooreJAMES MOORE
MEMBER - WV WESLEYAN COLLE
- Total calculated
- $0
- Hours/week
- 2
-
Ben BeakesBEN BEAKES
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 30
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
-
$85,450
SUPPORT OF OPERATIONS
-
$69,950
SUPPORT OF OPERATIONS
-
$67,450
SUPPORT OF OPERATIONS
-
$59,951
SUPPORT OF OPERATIONS
-
$59,950
SUPPORT OF OPERATIONS
-
WEST VIRGINIA WESLEYAN COLLEGE
$57,450
SUPPORT OF OPERATIONS
-
$57,450
SUPPORT OF OPERATIONS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313149349300436
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