2020-11-17T15:40:18-06:00 2020-06-30 540504608 BROWN EDWARDS & COMPANY LLP 1815 JEFFERSON STREET BLUEFIELD WV 24701 990 2019-07-01 556043334 BLUEFIELD STATE COLLEGE FOUNDATION INC BLUE 3043274031 219 ROCK STREET BLUEFIELD WV 24701 ELIZABETH PRUETT TREASURER 3043274031 2020-11-17 1 MARK WOOLWINE P00647446 3043258157 2020-11-17 206.248.228.130 2020-11-17 16:29:56 ES P 180641CB0A378B1341378B0D01F818FFDF22C6E0 8FA898909DEF33C7BFFC1C00D6E8D12E25464A51 2019 2021-01-29 14:40:06Z JOHN J RINEHART 219 ROCK STREET BLUEFIELD WV 24701 2108164 0 X BLUEFIELDSTATE.EDU X 1969 WV TO SUPPLEMENT BLUEFIELD STATE COLLEGE 19 19 0 24 0 0 67551 65921 0 0 352076 408985 21422 17293 441049 492199 238269 2343222 0 0 0 0 0 0 0 111364 160039 349633 2503261 91416 -2011062 15916613 13827833 43054 50865 15873559 13776968 TO SUPPLEMENT BLUEFIELD STATE COLLEGE. 0 0 2474955 2343222 PROVISION OF FUNDS TO BLUEFIELD STATE COLLEGE TO FINANCE SCHOLARSHIPS, EDUCATIONAL PROGRAMS, AND OTHER OPERATIONAL COSTS INCURRED BY THE COLLEGE. 2474955 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 0 0 WV X X ELIZABETH PRUETT 3043274031 219 ROCK STREET BLUEFIELD WV 24701 JOHN J RINEHART PRESIDENT/DIRECTOR 1.00 X X 0 0 0 STEPHANIE PALMER VICE PRESIDENT/DIRECTOR 1.00 X X 0 0 0 ELIZABETH PRUETT TREASURER/DIRECTOR 8.00 X X 0 0 0 CONNIE SAUNDERS SECRETARY/DIRECTOR 1.00 X X 0 0 0 CARL BOYD DIRECTOR 1.00 X 0 0 0 FRANK BRADY DIRECTOR 1.00 X 0 0 0 DONALD CAUDILL DIRECTOR 1.00 X 0 0 0 SUSIE GUYTON DIRECTOR 1.00 X 0 0 0 MARLIN DOUGLAS DIRECTOR 1.00 X 0 0 0 LARRY RATLIFF DIRECTOR 1.00 X 0 0 0 MATT KNOWLES DIRECTOR 1.00 X 0 0 0 ALCESTA WELLS DIRECTOR 1.00 X 0 0 0 DEIRDRE GUYTON EX-OFFICIO/DIRECTOR 1.00 X 0 0 0 SHELIA JOHNSON EX-OFFICIO/VICE-PRESIDENT 1.00 X 0 0 0 LANCE MORGAN DIRECTOR 1.00 X 0 0 0 BARRY BLIZZARD DIRECTOR 1.00 X 0 0 0 DEBRA DALTON DIRECTOR 1.00 X 0 0 0 KIM ROSS DIRECTOR 1.00 X 0 0 0 JULIE JOHNSON DIRECTOR 1.00 X 0 0 0 RUSSELL LAMBERT DIRECTOR 1.00 X 0 0 0 RICHARD LANDRETH DIRECTOR 1.00 X 0 0 0 SUMMIT COMMUNITY BANK TRUSTEE 1.00 X 28156 0 0 28156 0 0 0 0 0 0 0 65921 65921 293803 293803 1728515 1613333 115182 115182 115182 19925 2632 17293 17293 492199 0 0 426278 2000000 2000000 343222 343222 16525 16525 28156 28156 3511 3511 INSTITUTIONAL SUPPORT 53470 53470 CONTRACT LABOR 40000 40000 MISCELLANEOUS 13553 13403 150 SUPPLIES 2800 2800 2024 2024 2503261 2474955 28306 0 346155 261950 329909 243073 306078 290273 2001000 3385 326600 326600 326600 12108288 12498137 498583 204415 15916613 13827833 43054 50865 43054 50865 X 12360213 10334691 3513346 3442277 15873559 13776968 15916613 13827833 -2011062 -85529 0 X 0 1 X 0 0 X 194706 282464 610311 67551 65921 1220953 194706 282464 610311 67551 65921 1220953 97598 1123355 244629 243238 259550 296486 293803 1337706 2558659 0.43900 0.48920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1936919 13519 1950438 1926009 10910 1936919 1854931 71078 1926009 1717363 137568 1854931 1646297 71066 1717363 1.00000 0 0 326600 326600 326600 AMOUNTS HELD ON BEHALF OF OTHERS 50865 50865 409302 -85529 2632 -82897 492199 0 492199 2505893 2632 2632 2503261 0 2503261 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 BIG BLUE BASH 2500 2500 2020 GALA 15350 15350 906 1 2075 2075 1725 19925 19925 2631 2631 17294 1 BLUEFIELD STATE COLLEGE RESEARCH & DEVELOPMENT CORPORATION 219 ROCK STREET BLUEFIELD WV 24701 550785437 2000000 WAVIER OF DEBT 1 VARIOUS SCHOLARSHIPS 409 294411 FORM 990, SCHEDULE I, PART I, LINE 2 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). 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. THE ORGANIZATION DOES NOT HAVE A WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC SUMMIT COMMUNITY BANK - 500 FEDERAL STREET, BLUEFIELD, WV 24701.