BLUEFIELD STATE UNIVERSITY FOUNDATION INC: Form 990, tax year 2023
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- Organization
- BLUEFIELD STATE UNIVERSITY FOUNDATION INC (EIN 55-6043334)
- Tax period
- 2023-07-01 to 2024-06-30
- Filed
- 2025-07-15
- IRS object ID
- 202541969349301544
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-07-15T11:28:02-05:00 | ReturnTs |
| Tax Period End | 2024-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 540504608 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BROWN EDWARDS & COMPANY LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 105 ARBOR DR 3RD FLOOR | AddressLine1Txt |
| City | CHRISTIANSBURG | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24073 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 556043334 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BLUEFIELD STATE UNIVERSITY FOUNDATION | BusinessNameLine1Txt |
| Business Name Line2 | INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | BLUE | BusinessNameControlTxt |
| Phone | 3043274031 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 219 ROCK STREET | AddressLine1Txt |
| City | BLUEFIELD | CityNm |
| State Abbreviation | WV | StateAbbreviationCd |
| ZIP | 24701 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DEIRDRE GUYTON | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 3043274031 | PhoneNum |
| Signature | 2025-07-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MARK WOOLWINE | PreparerPersonNm |
| PTIN | P00647446 | PTIN |
| Phone | 5404433606 | PhoneNum |
| Preparation | 2025-07-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN J RINEHART | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 219 ROCK STREET | AddressLine1Txt |
| City | BLUEFIELD | CityNm |
| State Abbreviation | WV | StateAbbreviationCd |
| ZIP | 24701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $9,324,112 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | BLUEFIELDSTATE.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1969 | FormationYr |
| Legal Domicile State | WV | LegalDomicileStateCd |
| Activity Or Mission | TO SUPPLEMENT BLUEFIELD STATE UNIVERSITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 16 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $738,786 | PYContributionsGrantsAmt |
| CY Contributions Grants | $251,472 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $3,529,308 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,569,487 | CYInvestmentIncomeAmt |
| PY Other Revenue | $38,632 | PYOtherRevenueAmt |
| CY Other Revenue | $1,557,593 | CYOtherRevenueAmt |
| PY Total Revenue | $4,306,726 | PYTotalRevenueAmt |
| CY Total Revenue | $3,378,552 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $286,313 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $306,118 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $0 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $574,237 | PYOtherExpensesAmt |
| CY Other Expenses | $12,335,043 | CYOtherExpensesAmt |
| PY Total Expenses | $860,550 | PYTotalExpensesAmt |
| CY Total Expenses | $12,641,161 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $3,446,176 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$9,262,609 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $17,552,144 | TotalAssetsBOYAmt |
| Total Assets EOY | $7,680,549 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,186,729 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,069,335 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $16,365,415 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,611,214 | NetAssetsOrFundBalancesEOYAmt |
| Mission | TO SUPPLEMENT BLUEFIELD STATE UNIVERSITY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $12,620,414 | ExpenseAmt |
| Grant | $306,118 | GrantAmt |
| Revenue | $1,520,303 | RevenueAmt |
| Desc | PROVISION OF FUNDS TO BLUEFIELD STATE UNIVERSITY TO FINANCE SCHOLARSHIPS, EDUCATIONAL PROGRAMS, AND OTHER OPERATIONAL COSTS INCURRED BY THE UNIVERSITY. | Desc |
| Total Program Service Expenses | $12,620,414 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 21 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | 0 | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DEIRDRE GUYTON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3043274031 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 219 ROCK STREET | AddressLine1Txt |
| City | BLUEFIELD | CityNm |
| State Abbreviation | WV | StateAbbreviationCd |
| ZIP | 24701 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Institutional TrusteeInstitutionalTrusteeInd |
|---|---|---|---|---|---|---|---|
| BARRY BLIZZARD | |||||||
| PRESIDENT/DIRECTOR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| REBECCA PETERSON | |||||||
| SECRETARY/TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| JASON COLE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TERRI COLE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BRANDON DISNEY | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MARVIN WOODIE | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JACK RICHARDSON | |||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN RINEHART | |||||||
| PRESIDENT, EMERITUS | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| CHARLES AUTREY | |||||||
| VICE-PRESIDENT | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| BURKE & HERBERT BANK | |||||||
| TRUSTEE | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $251,472 | AllOtherContributionsAmt |
| Total Contributions | $251,472 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $298,737 | TotalRevenueColumnAmt |
| Exclusion | $298,737 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $7,204,465 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $5,933,715 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,270,750 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,270,750 | TotalRevenueColumnAmt |
| Exclusion | $1,270,750 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $49,135 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $11,845 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $37,290 | TotalRevenueColumnAmt |
| Exclusion | $37,290 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| ARAMARK REIMBURSEMENTS FROM BSU | 611710 | $1,411,553 | $1,411,553 |
| ARAMARK INCOME | 611710 | $71,720 | $71,720 |
| MISCELLANEOUS | 611710 | $37,030 | $37,030 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,520,303 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,378,552 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,520,303 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,606,777 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $306,118 | TotalAmt |
| Program Services | $306,118 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,044 | TotalAmt |
| Program Services | $82,044 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,747 | TotalAmt |
| Management And General | $20,747 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,025 | TotalAmt |
| Program Services | $1,025 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| INSTITUTIONAL SUPPORT | $10,689,075 | $10,689,075 |
| ARAMARK CAFETERIA EXPEN | $1,477,079 | $1,477,079 |
| BAD DEBT EXPENSE | $73,650 | $73,650 |
| OFFICE SUPPLIES | $340 | $340 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$8,917 | TotalAmt |
| Program Services | -$8,917 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,641,161 | TotalAmt |
| Program Services | $12,620,414 | ProgramServicesAmt |
| Management And General | $20,747 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,497,075 | BOYAmt |
| EOY | $444,343 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $469,654 | BOYAmt |
| EOY | $126,525 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,000 | BOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,779 | BOYAmt |
| EOY | $18,823 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $76,600 | LandBldgEquipCostOrOtherBssAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,080,423 | BOYAmt |
| EOY | $76,600 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,537,606 | BOYAmt |
| EOY | $6,288,911 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,072,423 | BOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $663,184 | BOYAmt |
| EOY | $725,347 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,552,144 | BOYAmt |
| EOY | $7,680,549 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,057,862 | BOYAmt |
| EOY | $986,142 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $128,867 | BOYAmt |
| EOY | $83,193 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,186,729 | BOYAmt |
| EOY | $1,069,335 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,716,431 | BOYAmt |
| EOY | $2,027,506 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,648,984 | BOYAmt |
| EOY | $4,583,708 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,365,415 | BOYAmt |
| EOY | $6,611,214 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,552,144 | BOYAmt |
| EOY | $7,680,549 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$9,262,609 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$491,592 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 0 | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Organization | Yes (X) | CollegeOrganizationInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $65,921 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $266,233 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $401,361 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $738,786 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $251,472 | CurrentTaxYearAmt |
| Total | $1,723,773 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $65,921 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $266,233 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $401,361 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $738,786 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $251,472 | CurrentTaxYearAmt |
| Total | $1,723,773 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $341,772 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,382,001 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $293,803 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $283,154 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $282,746 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $387,819 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,819,039 | CurrentTaxYearAmt |
| Total | $3,066,561 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $4,790,334 | TotalSupportAmt |
| Public Support CY170 | 0.28850 | PublicSupportCY170Pct |
| Public Support PY170 | 0.46370 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests PY170 | Yes (X) | ThirtyThrPctSuprtTestsPY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,196,866 | BeginningYearBalanceAmt |
| Contributions | $38,004 | ContributionsAmt |
| End Year Balance | $2,234,870 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,138,079 | BeginningYearBalanceAmt |
| Contributions | $58,787 | ContributionsAmt |
| End Year Balance | $2,196,866 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $2,026,063 | BeginningYearBalanceAmt |
| Contributions | $112,016 | ContributionsAmt |
| End Year Balance | $2,138,079 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,950,438 | BeginningYearBalanceAmt |
| Contributions | $75,625 | ContributionsAmt |
| End Year Balance | $2,026,063 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $1,936,919 | BeginningYearBalanceAmt |
| Contributions | $13,519 | ContributionsAmt |
| End Year Balance | $1,950,438 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prmnnt Endowment Balance EOY | 1.00000 | PrmnntEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | 0 | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | $76,600 | InvestmentCostOrOtherBasisAmt |
| Book Value | $76,600 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $76,600 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (5 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| INTEREST RECEIVABLE | $19,381 |
| ASSETS HELD FOR OTHERS | $83,193 |
| LIMITED PARTNERSHIPS | $28,980 |
| ACCUM. AMORTIZATION ORG. COST | $556 |
| CASH RESTRICTED FOR LT INVESTMENT | $593,237 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $725,347 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | AMOUNTS HELD ON BEHALF OF OTHERS | Desc |
| Amt | $83,193 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $83,193 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $2,878,059 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$491,592 | NetUnrealizedGainsInvstAmt |
| Other Revenue | $11,845 | OtherRevenueAmt |
| Revenue Not Reported | -$479,747 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,357,806 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $20,746 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $20,746 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,378,552 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $12,632,260 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $11,845 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $11,845 | ExpensesNotReportedAmt |
| Expenses Subtotal | $12,620,415 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $20,746 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $20,746 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $12,641,161 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART V, LINE 4: | INTENDED USES OF THE ORGANIZATION'S ENDOWMENT FUNDS: THE PERMANENT ENDOWMENT FUNDS ARE REQUIRED BY DONORS TO BE HELD IN PERPETUITY; HOWEVER, THE INCOME ON THESE ASSETS IS AVAILABLE TO MEET VARIOUS RESTRICTED AND OTHER OPERATING NEEDS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | FUND RAISING |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUND RAISING |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | POCAHONTAS MINING LAND GOLF | Event1Nm |
| Gross Receipts Event1 | $12,471 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $12,471 | GrossRevenueEvent1Amt |
| Event2 | POCAHONTAS ENGINEERING DINNER | Event2Nm |
| Gross Receipts Event2 | $20,877 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $20,877 | GrossRevenueEvent2Amt |
| Other Events Total | 6 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $15,787 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $15,787 | GrossRevenueOtherEventsAmt |
| Gross Receipts Total | $49,135 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $49,135 | GrossRevenueTotalEventsAmt |
| Net Income Summary | $49,135 | NetIncomeSummaryAmt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | VARIOUS SCHOLARSHIPS | GrantTypeTxt |
| Recipient | 75 | RecipientCnt |
| Cash Grant | $306,118 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE I, PART I, LINE 2 | FormAndLineReferenceDesc |
| Explanation | FORM 990, SCHEDULE I, PART I, LINE 2: THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES: THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE UNITED STATES ARE AS FOLLOWS: THE FOLLOWING FILES ARE MAINTAINED IN THE EXECUTIVE DIRECTOR'S OFFICE: 1. SCHOLARSHIP CRITERIA (RESOLUTIONS AND OTHER DOCUMENTATION WITH DONOR'S INTENTIONS). 2. SCHOLARSHIP DISBURSEMENTS (REQUESTS FROM OFFICE OF STUDENT AFFAIRS, FOUNDATION TREASURER'S REPORT OF AVAILABLE FUNDS, AND MEMOS TO BUSINESS OFFICE TRANSFERRING FUNDS, WITH COPIES OF CHECKS WHERE APPLICABLE). | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 8B | PRACTICES OR POLICIES, IF ANY, REGARDING DOCUMENTATION THE ORGANIZATION USED TO CONTEMPORANEOUSLY DOCUMENT THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR BY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY: THE ORGANIZATION DID NOT CONTEMPORANEOUSLY DOCUMENT THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR BY COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | PROCESS, IF ANY, THE ORGANIZATION USES TO REVIEW THE FORM 990: THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS UPON REQUEST. |
| FORM 990, PART VI, SECTION B, LINE 12C | PROCESS FOR CONSISTENTLY MONITORING AND ENFORCING COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY: AN ANNUAL DISCLOSURE STATEMENT SHALL BE CIRCULATED TO ALL BOARD MEMEBERS IN ADDITION TO DISCLOSURES BEING REQUIRED AT ANY TIME CONFLICTS OF INTEREST MAY OCCUR. THE WRITTEN NOTICES OF DISCLOSURES SHALL BE FILED WITH THE EXECUTIVE DIRECTOR OF THE FOUNDATION OR THE CHAIRMAN OF THE BOARD. AT THE MEETING OF THE TOP GOVERNING BODY, ALL DISCLOSURES OF REAL OR PERCEIVED CONFLICTS OF INTEREST SHALL BE NOTED FOR THE RECORD IN THE MINUTES. THOSE WHO BELEIVE THEY MIGHT HAVE A CONFLICT REAL OR PERCEIVED, IN ADDITION TO FILING A NOTICE OF DISCLOSURE, MUST ABSTAIN FROM 1) PARTICIPATING IN DISCUSSIONS OR DELIBERATIONS WITH RESPECT TO THE SUBJECT OF THE CONFLICT 2)USING HIS OR HER PERSONAL INFLUENCE TO AFFECT DELIBERATIONS, 3)MAKING MOTIONS, 4)VOTING, 5)EXECUTING AGREEMENTS, OR 6)TAKING SIMILAR ACTIONS ON BEHALF OF THE ORGANIZATION WHERE THE CONFLICT OF INTEREST MIGHT PERTAIN BY LAW, AGREEMENT, OR OTHERWISE. AT THE DISCRETION OF THE TOP GOVERNING BODY OR A COMMITTEE THEREOF, A PERSON WITH A REAL OR PERCEIVED CONFLICT OF INTEREST MAY BE EXCUSED FROM ALL OR ANY PORTION OF DISCUSSION OR DELIBERATIONS WITH RESPOECT TO THE SUBJECT OF THE CONFLICT. THE PRESIDENT AND BOARD CHAIR SHALL ENSURE THAT ALL MEMBERS OF THE FOUNDATION BOARD ARE MADE AWARE OF THE ORGANIZATION'S POLICY WITH RESPECT TO CONFLICTS OF INTEREST. |
| FORM 990, PART VI, SECTION B, LINE 15A | PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR: THE COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR WAS DETERMINED BASED ON AN ANNUAL SALARY AND BENEFITS SUPPLEMENT APPROVED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION C, LINE 19 | HOW THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC: THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND OTHER DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE ORGANIZATION'S FORM 990 IS AVAILABLE ON THE WEBSITE FOR THE NATIONAL CENTER FOR CHARITABLE STATISTICS AT: HTTP://NCCSDATAWEB.URBAN.ORG/PUBAPPS/SHOWVALS.PHP?FT=BMF&EIN=XXX-XX-XXXX. |
| FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC | BURKE & HERBERT BANK - 525 FEDERAL STREET, BLUEFIELD, WV 24701. |
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