Via-Bradely College Of Engineering Foundation
- Assets
- $33.6m
- Revenue
- $3.2m
- Investments
- $17.8m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 06/2001
- Data as of
- 12/2021
- EIN
- 52-2283401
Organization Overview
Via-Bradely College Of Engineering Foundation is located in Sioux Falls, SD. The organization was established in 2001. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Via-Bradely College Of Engineering Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Via-Bradely College Of Engineering Foundation generated $3.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.8%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Rocovich Jr Director/president | 1 | $0 | |
David G Hottmann Director/secretary | 1 | $0 | |
Dennis A Barbour Assistant Secretary | 1 | $0 | |
Elizabeth Cline Director | 1 | $0 | |
Frederick P Stratton Jr Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $180,000 |
| Interest on Savings | $914 |
| Dividends & Interest | $117,700 |
| Net Rental Income | $863,894 |
| Net Gain on Sale of Assets | $806,128 |
| Capital Gain Net Income | $806,128 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $156,122 |
| Total Revenue | $3,151,765 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $480,263 |
| Taxes | $19,532 |
| Depreciation | $441,925 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $460,267 |
| Total operating and administrative expenses | $1,503,465 |
| Contributions, gifts, grants paid | $1,345,215 |
| Total expenses and disbursements | $2,848,680 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1 |
| Savings and temporary cash investments | $3,795,743 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,400,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,205 |
| Net Investments - land, buildings, equipment | $10,413,326 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,046,652 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $100,202 |
| Total assets | $33,602,136 |
| Accounts payable and accrued expenses | $312,868 |
| Grants payable | $2,235,720 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $16,895,756 |
| Other liabilities | $57,912 |
| Total liabilities | $19,502,256 |
Grants Awarded
Over the last fiscal year, Via-Bradely College Of Engineering Foundation has awarded $1,214,301 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA TECH PURPOSE: EDUCATIONAL | $1,200,000 |
OGLETREE RESOURCES CORPORATION PURPOSE: EDUCATIONAL | $14,301 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plumbers & Steamfitters H & W Trust Iowa State Bank Ttee Des Moines, IA | $75,894,378 | $21,812,028 |
P E O Foundation Des Moines, IA | $140,487,423 | $16,863,604 |
Life Time Foundation Chanhassen, MN | $2,791,059 | $2,904,635 |
Via-Bradely College Of Engineering Foundation Sioux Falls, SD | $33,602,136 | $3,151,765 |
Northeast Community College Foundation Norfolk, NE | $33,653,579 | $4,360,839 |
Bellevue Public School Foundation Bellevue, NE | $2,434,205 | $2,294,893 |
Des Moines Area Community College Foundation Ankeny, IA | $21,577,534 | $4,357,178 |
Miller Endowment Incorporated Ames, IA | $22,284,130 | $1,447,422 |
Iowa College Foundation Des Moines, IA | $7,601,336 | $1,927,763 |
Rochester Msa Building Company Rochester, MN | $15,938,689 | $1,651,178 |
Billings Catholic Schools Foundation Billings, MT | $35,868,574 | $2,349,630 |
Minnesota Private College Fund St Paul, MN | $2,737,886 | $2,274,894 |