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Nonprofiteer
← W VA WESLEYAN COLLEGE ALUMNI PERMANENT

Form 990 for tax year 2023

Filed by W VA WESLEYAN COLLEGE ALUMNI PERMANENT.

Totals

Total revenue
$1,666
Total expenses
$85,170
Contributions and grants received
$0
Grants paid
$78,615
Program service revenue
$0
Investment income
$1,666
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$78,956
Management and general expenses
$6,214
Fundraising expenses
$0
Program service expenses (Part III)
$78,956

Program services were 92.7% 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.

  • 3 · Investment income

    total $1,952 · excluded $1,952

  • 7a · Gross sales of assets other than inventory

    securities $78,632

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

    securities $78,918

  • 7c · Gain or loss

    securities -$286

  • 7d · Net gain or loss

    total -$286 · excluded -$286

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $78,615 · program services $78,615

  • 5 · Compensation of officers, directors and key employees

    total $681 · program services $341 · management and general $340

  • 11b · Fees: legal

    total $4,363 · management and general $4,363

  • 11c · Fees: accounting

    total $1,500 · management and general $1,500

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $11 · management and general $11

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,675

  • 11 · Investments: publicly traded securities

    beginning of year $78,918

  • 29 · Capital stock, trust principal or current funds

    beginning of year $83,593

  • 31 · Retained earnings, endowment or other funds

    end of year $0

Mission and programs · 2023

Mission

PRODUCTION OF INCOME FOR SCHOLARSHIPS AT WEST VIRGNIA WESLEYAN COLLEGE

  • PROVIDED FUNDING FOR SCHOLARSHIPS AT WEST VIRGNIA WESLEYAN COLLEGE.

    Expenses $78,956 · Grants $78,615

As filed on the 2023 return.

Listed in Part VII

  • TRUIST BANK

    TRUSTEE

    Total calculated
    $681
    From this org
    $681
    From related orgs
    $0
    Other
    $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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

1 distribution to a recipient named as a person, $78,615. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.

Provenance

Return type
form_990
Tax year
2023
Filed
23 April 2024
IRS schema version
2023v5.0
Source object
202411209349300106

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