Form 990 for tax year 2022
Filed by WEST VIRGINIA STATE UNIVERSITY FOUNDATION INC.
Totals
- Total revenue
- $3,692,140
- Total expenses
- $3,278,613
- Contributions and grants received
- $2,919,754
- Grants paid
- $894,423
- Program service revenue
- $0
- Investment income
- $522,421
- Other revenue
- $249,965
- Total assets, end of year
- $19,287,091
- Total liabilities, end of year
- $371,860
- Net assets or fund balances, end of year
- $18,915,231
- Program services expenses (Part IX)
- $2,843,656
- Management and general expenses
- $310,052
- Fundraising expenses
- $124,905
- Program service expenses (Part III)
- $2,843,656
Program services were 86.7% 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.
-
1c · Fundraising events
$185,856
-
1e · Government grants (contributions)
$264,072
-
1f · All other contributions, gifts and grants
$2,469,826
-
3 · Investment income
total $286,499 · excluded $286,499
-
6a · Gross rents
real property $34,856
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $34,856
-
6d · Net rental income or loss
total $34,856 · related or exempt $34,856
-
7a · Gross sales of assets other than inventory
securities $494,505
-
7b · Less cost or other basis and sales expenses
securities $258,583
-
7c · Gain or loss
securities $235,922
-
7d · Net gain or loss
total $235,922 · related or exempt $235,922
-
8a · Fundraising events: gross income
$379,501
-
8a · Fundraising events: contributions included on line 1c
$185,856
-
8b · Fundraising events: direct expenses
$164,392
-
8c · Net income from fundraising events
total $215,109 · excluded $215,109
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $894,423 · program services $894,423
-
7 · Other salaries and wages
total $377,626 · program services $211,082 · management and general $79,137 · fundraising $87,407
-
11b · Fees: legal
total $85 · management and general $85
-
11c · Fees: accounting
total $16,863 · management and general $16,863
-
11f · Fees: investment management
total $57,155 · program services $57,155
-
11g · Fees: other
total $247,752 · program services $228,913 · management and general $18,839
-
12 · Advertising and promotion
total $12,810 · management and general $12,810
-
13 · Office expenses
total $8,222 · program services $3,067 · management and general $2,578 · fundraising $2,577
-
17 · Travel
total $104,850 · program services $81,679 · fundraising $23,171
-
19 · Conferences, conventions and meetings
total $50,843 · program services $27,509 · management and general $23,334
-
22 · Depreciation, depletion and amortization
total $101,070 · management and general $101,070
-
23 · Insurance
total $13,284 · program services $13,284
-
24a · Other expenses: SUPPLIES
total $572,836 · program services $549,336 · management and general $11,750 · fundraising $11,750
-
24b · Other expenses: BAD DEBT
total $344,873 · program services $344,873
-
24c · Other expenses: EQUIPMENT & MAINTENANCE
total $124,451 · program services $122,836 · management and general $1,615
-
24d · Other expenses: ATHLETIC COMPLEX
total $123,805 · program services $123,805
-
24e · All other expenses
total $227,665 · program services $185,694 · management and general $41,971
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $3,713,304 · end of year $2,686,208
-
3 · Pledges and grants receivable
beginning of year $1,924,530 · end of year $1,318,318
-
4 · Accounts receivable
beginning of year $796,819 · end of year $918
-
10a · Land, buildings and equipment: cost or other basis
$1,884,533
-
10b · Land, buildings and equipment: accumulated depreciation
$237,109
-
10c · Land, buildings and equipment, net
beginning of year $1,748,493 · end of year $1,647,424
-
12 · Investments: other securities
beginning of year $11,024,095 · end of year $13,386,759
-
15 · Other assets
beginning of year $241,052 · end of year $247,464
-
17 · Accounts payable and accrued expenses
beginning of year $80,011 · end of year $37,725
-
23 · Secured mortgages and notes payable
beginning of year $1,480,800 · end of year $334,135
-
27 · Net assets without donor restrictions
beginning of year $914,644 · end of year $982,702
-
28 · Net assets with donor restrictions
beginning of year $16,972,838 · end of year $17,932,529
Mission and programs · 2022
Mission
TO SUPPORT THE MISSION OF WEST VIRGINIA STATE UNIVERSITY.
-
TO PROVIDE SCHOLARSHIPS TO THE STUDENTS OF WEST VIRGINIA STATE UNIVERSITY.
Expenses $822,466 · Grants $801,037
-
TO PROVIDE SUPPORY FOR THE STUDENT AND FACULTY PROGRAMS OF WEST VIRGINIA STATE UNIVERSITY.
Expenses $2,021,190 · Grants $93,386
As filed on the 2022 return.
Listed in Part VII
-
Mr Charles R BaileyMR CHARLES R BAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Leah GloverMRS LEAH GLOVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Christopher PriceMR CHRISTOPHER PRICE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Mark A GrimmettMR MARK A GRIMMETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Minnie H JonesMRS MINNIE H JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark W KelleyMARK W KELLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Mark PendeltonMR MARK PENDELTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Allan Lee McVeyMR ALLAN LEE MCVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Gregory V MonroeMR GREGORY V MONROE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Sheri Sesay-TuffourDR SHERI SESAY-TUFFOUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Jonathan TuckerMR JONATHAN TUCKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Ann Brothers SmithDR ANN BROTHERS SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr James UnderhillMR JAMES UNDERHILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Frank C Walker IIMR FRANK C WALKER II
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gregory T Wilson MpaGREGORY T WILSON MPA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Walter M WilkersonMR WALTER M WILKERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr William E SawyersMR WILLIAM E SAWYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr John L FullerDR JOHN L FULLER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mr Danny BlairMR DANNY BLAIR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Sami M GareebDR SAMI M GAREEB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mr Byard ColemanMR BYARD COLEMAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ms Jennifer Herrald OakleyMS JENNIFER HERRALD OAKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mrs Betty Cardwell SpencerMRS BETTY CARDWELL SPENCER
DIRECTOR
- 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
-
WEST VIRGINIA STATE UNIVERSITY
$894,423
SCHOLARSHIPS & FACULTY STUDENT SUPPORT.
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.
-
WV STATE UNIV FOUNDATION PROPERTIES INC
501(C)(2) · HOLD TITLE · WV
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 1 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202411229349302221
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