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BLUEFIELD STATE UNIVERSITY FOUNDATION INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
BLUEFIELD STATE UNIVERSITY FOUNDATION INC (EIN 55-6043334)
Tax period
2019-07-01 to 2020-06-30
Filed
2020-11-17
IRS object ID
202003229349302160
Schema version
2019v5.1
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

FieldValueIRS element (for citing)
Return2020-11-17T15:40:18-06:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN540504608PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BROWN EDWARDS & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11815 JEFFERSON STREETAddressLine1Txt
CityBLUEFIELDCityNm
State AbbreviationWVStateAbbreviationCd
ZIP24701ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN556043334EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1BLUEFIELD STATE COLLEGE FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlBLUEBusinessNameControlTxt
Phone3043274031PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1219 ROCK STREETAddressLine1Txt
CityBLUEFIELDCityNm
State AbbreviationWVStateAbbreviationCd
ZIP24701ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonELIZABETH PRUETTPersonNm
Person TitleTREASURERPersonTitleTxt
Phone3043274031PhoneNum
Signature2020-11-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMARK WOOLWINEPreparerPersonNm
PTINP00647446PTIN
Phone3043258157PhoneNum
Preparation2020-11-17PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address206.248.228.130IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-17IPDt
IP Tm16:29:56IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id180641CB0A378B1341378B0D01F818FFDF22C6E0AtSubmissionCreationDeviceId
At Submission Filing Device Id8FA898909DEF33C7BFFC1C00D6E8D12E25464A51AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJOHN J RINEHARTPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1219 ROCK STREETAddressLine1Txt
CityBLUEFIELDCityNm
State AbbreviationWVStateAbbreviationCd
ZIP24701ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,108,164GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressBLUEFIELDSTATE.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1969FormationYr
Legal Domicile StateWVLegalDomicileStateCd
Activity Or MissionTO SUPPLEMENT BLUEFIELD STATE COLLEGEActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers24TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$67,551PYContributionsGrantsAmt
CY Contributions Grants$65,921CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$352,076PYInvestmentIncomeAmt
CY Investment Income$408,985CYInvestmentIncomeAmt
PY Other Revenue$21,422PYOtherRevenueAmt
CY Other Revenue$17,293CYOtherRevenueAmt
PY Total Revenue$441,049PYTotalRevenueAmt
CY Total Revenue$492,199CYTotalRevenueAmt
PY Grants And Similar Paid$238,269PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,343,222CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$111,364PYOtherExpensesAmt
CY Other Expenses$160,039CYOtherExpensesAmt
PY Total Expenses$349,633PYTotalExpensesAmt
CY Total Expenses$2,503,261CYTotalExpensesAmt
PY Revenues Less Expenses$91,416PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$2,011,062CYRevenuesLessExpensesAmt
Total Assets BOY$15,916,613TotalAssetsBOYAmt
Total Assets EOY$13,827,833TotalAssetsEOYAmt
Total Liabilities BOY$43,054TotalLiabilitiesBOYAmt
Total Liabilities EOY$50,865TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$15,873,559NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$13,776,968NetAssetsOrFundBalancesEOYAmt
MissionTO SUPPLEMENT BLUEFIELD STATE COLLEGE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,474,955ExpenseAmt
Grant$2,343,222GrantAmt
DescPROVISION OF FUNDS TO BLUEFIELD STATE COLLEGE TO FINANCE SCHOLARSHIPS, EDUCATIONAL PROGRAMS, AND OTHER OPERATIONAL COSTS INCURRED BY THE COLLEGE.Desc
Total Program Service Expenses$2,474,955TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee0EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower Policy0WhistleblowerPolicyInd
Document Retention Policy0DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldWVStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ELIZABETH PRUETTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3043274031PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1219 ROCK STREETAddressLine1Txt
CityBLUEFIELDCityNm
State AbbreviationWVStateAbbreviationCd
ZIP24701ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (22 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtInstitutional TrusteeInstitutionalTrusteeInd
JOHN J RINEHART
PRESIDENT/DIRECTOR1.00Yes (X)Yes (X)$0$0$0
STEPHANIE PALMER
VICE PRESIDENT/DIRECTOR1.00Yes (X)Yes (X)$0$0$0
ELIZABETH PRUETT
TREASURER/DIRECTOR8.00Yes (X)Yes (X)$0$0$0
CONNIE SAUNDERS
SECRETARY/DIRECTOR1.00Yes (X)Yes (X)$0$0$0
CARL BOYD
DIRECTOR1.00Yes (X)$0$0$0
FRANK BRADY
DIRECTOR1.00Yes (X)$0$0$0
DONALD CAUDILL
DIRECTOR1.00Yes (X)$0$0$0
SUSIE GUYTON
DIRECTOR1.00Yes (X)$0$0$0
MARLIN DOUGLAS
DIRECTOR1.00Yes (X)$0$0$0
LARRY RATLIFF
DIRECTOR1.00Yes (X)$0$0$0
MATT KNOWLES
DIRECTOR1.00Yes (X)$0$0$0
ALCESTA WELLS
DIRECTOR1.00Yes (X)$0$0$0
DEIRDRE GUYTON
EX-OFFICIO/DIRECTOR1.00Yes (X)$0$0$0
SHELIA JOHNSON
EX-OFFICIO/VICE-PRESIDENT1.00Yes (X)$0$0$0
LANCE MORGAN
DIRECTOR1.00Yes (X)$0$0$0
BARRY BLIZZARD
DIRECTOR1.00Yes (X)$0$0$0
DEBRA DALTON
DIRECTOR1.00Yes (X)$0$0$0
KIM ROSS
DIRECTOR1.00Yes (X)$0$0$0
JULIE JOHNSON
DIRECTOR1.00Yes (X)$0$0$0
RUSSELL LAMBERT
DIRECTOR1.00Yes (X)$0$0$0
RICHARD LANDRETH
DIRECTOR1.00Yes (X)$0$0$0
SUMMIT COMMUNITY BANK
TRUSTEE1.00$28,156$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$28,156TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$65,921AllOtherContributionsAmt
Total Contributions$65,921TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$293,803TotalRevenueColumnAmt
Exclusion$293,803ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$1,728,515SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$1,613,333SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$115,182SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$115,182TotalRevenueColumnAmt
Exclusion$115,182ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$19,925FundraisingGrossIncomeAmt
Fundraising Direct Expenses$2,632FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,293TotalRevenueColumnAmt
Exclusion$17,293ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$492,199TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$426,278ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,000,000TotalAmt
Program Services$2,000,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$343,222TotalAmt
Program Services$343,222ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$16,525TotalAmt
Program Services$16,525ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$28,156TotalAmt
Management And General$28,156ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$3,511TotalAmt
Program Services$3,511ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
INSTITUTIONAL SUPPORT$53,470$53,470
CONTRACT LABOR$40,000$40,000
MISCELLANEOUS$13,553$13,403$150
SUPPLIES$2,800$2,800

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,024TotalAmt
Program Services$2,024ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,503,261TotalAmt
Program Services$2,474,955ProgramServicesAmt
Management And General$28,306ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$346,155BOYAmt
EOY$261,950EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$329,909BOYAmt
EOY$243,073EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$306,078BOYAmt
EOY$290,273EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$2,001,000BOYAmt
EOY$3,385EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$326,600LandBldgEquipCostOrOtherBssAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$326,600BOYAmt
EOY$326,600EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$12,108,288BOYAmt
EOY$12,498,137EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$498,583BOYAmt
EOY$204,415EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$15,916,613BOYAmt
EOY$13,827,833EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$43,054BOYAmt
EOY$50,865EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$43,054BOYAmt
EOY$50,865EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$12,360,213BOYAmt
EOY$10,334,691EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$3,513,346BOYAmt
EOY$3,442,277EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,873,559BOYAmt
EOY$13,776,968EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$15,916,613BOYAmt
EOY$13,827,833EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$2,011,062ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst-$85,529NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
College OrganizationYes (X)CollegeOrganizationInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$194,706CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$282,464CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$610,311CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$67,551CurrentTaxYearMinus1YearAmt
Current Tax Year$65,921CurrentTaxYearAmt
Total$1,220,953TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$194,706CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$282,464CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$610,311CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$67,551CurrentTaxYearMinus1YearAmt
Current Tax Year$65,921CurrentTaxYearAmt
Total$1,220,953TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$97,598SubstantialContributorsTotAmt
Public Support Total170$1,123,355PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$244,629CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$243,238CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$259,550CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$296,486CurrentTaxYearMinus1YearAmt
Current Tax Year$293,803CurrentTaxYearAmt
Total$1,337,706TotalAmt
FieldValueIRS element (for citing)
Total Support$2,558,659TotalSupportAmt
Public Support CY1700.43900PublicSupportCY170Pct
Public Support PY1700.48920PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,936,919BeginningYearBalanceAmt
Contributions$13,519ContributionsAmt
End Year Balance$1,950,438EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,926,009BeginningYearBalanceAmt
Contributions$10,910ContributionsAmt
End Year Balance$1,936,919EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,854,931BeginningYearBalanceAmt
Contributions$71,078ContributionsAmt
End Year Balance$1,926,009EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,717,363BeginningYearBalanceAmt
Contributions$137,568ContributionsAmt
End Year Balance$1,854,931EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$1,646,297BeginningYearBalanceAmt
Contributions$71,066ContributionsAmt
End Year Balance$1,717,363EndYearBalanceAmt
FieldValueIRS element (for citing)
Prmnnt Endowment Balance EOY1.00000PrmnntEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$326,600InvestmentCostOrOtherBasisAmt
Book Value$326,600BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$326,600TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescAMOUNTS HELD ON BEHALF OF OTHERSDesc
Amt$50,865Amt
FieldValueIRS element (for citing)
Total Liability$50,865TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$409,302TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst-$85,529NetUnrealizedGainsInvstAmt
Other Revenue$2,632OtherRevenueAmt
Revenue Not Reported-$82,897RevenueNotReportedAmt
Revenue Subtotal$492,199RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$492,199TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,505,893TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included$2,632OtherExpensesIncludedAmt
Expenses Not Reported$2,632ExpensesNotReportedAmt
Expenses Subtotal$2,503,261ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,503,261TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
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

FieldValueIRS element (for citing)
Event1BIG BLUE BASHEvent1Nm
Gross Receipts Event1$2,500GrossReceiptsEvent1Amt
Gross Revenue Event1$2,500GrossRevenueEvent1Amt
Event22020 GALAEvent2Nm
Gross Receipts Event2$15,350GrossReceiptsEvent2Amt
Gross Revenue Event2$15,350GrossRevenueEvent2Amt
Other Direct Expenses Event2$906OtherDirectExpensesEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$2,075GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$2,075GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$1,725OthDirectExpnssOtherEventsAmt
Gross Receipts Total$19,925GrossReceiptsTotalAmt
Gross Revenue Total Events$19,925GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$2,631OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$2,631DirectExpenseSummaryEventsAmt
Net Income Summary$17,294NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1BLUEFIELD STATE COLLEGE RESEARCH & DEVELOPMENT CORPORATIONBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1219 ROCK STREETAddressLine1Txt
CityBLUEFIELDCityNm
State AbbreviationWVStateAbbreviationCd
ZIP24701ZIPCd
FieldValueIRS element (for citing)
Recipient EIN550785437RecipientEIN
Non Cash Assistance$2,000,000NonCashAssistanceAmt
Purpose Of GrantWAVIER OF DEBTPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeVARIOUS SCHOLARSHIPSGrantTypeTxt
Recipient409RecipientCnt
Cash Grant$294,411CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990, SCHEDULE I, PART I, LINE 2FormAndLineReferenceDesc
ExplanationFORM 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 ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BPRACTICES 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 11BPROCESS, 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 12CPROCESS 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 15APROCESS 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 19HOW 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. THE ORGANIZATION DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY.
FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETCSUMMIT COMMUNITY BANK - 500 FEDERAL STREET, BLUEFIELD, WV 24701.

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