West Virginia University Alumni Association Loyalty Permanent Endo

Organization Overview

West Virginia University Alumni Association Loyalty Permanent Endo is located in Morgantown, WV. The organization was established in 1946. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, 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. West Virginia University Alumni Association Loyalty Permanent Endo 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 06/2022, West Virginia University Alumni Association Loyalty Permanent Endo generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $653.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SCHOLARSHIPS TO WEST VIRGINIA UNIVERSITY STUDENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE WEST VIRGINIA UNIVERSITY ALUMNI ASSOCIATION LOYALTY PERMANENT ENDOWMENT FUND WAS ESTABLISHED BY THE WEST VIRGINIA UNIVERSITY ALUMNI ASSOCIATION BY TRUST INDENTURE DATED 12/31/37. THE ALUMNI ASSOCIAITON IS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)6 OF THE IRC BY EXEMPTION LETTER DATED 2/3/53 AND THE FUND IS EXEMPT UNDER SECTION 501 (C) OF THE CODE BY LETTER DATED 11/20/46.THE TRUST INDENTURE DIRECTS THAT THE NET INCOME FROM THE FUND IS TO BE MADE AVAILABLE TO THE TRUST COMMITTEE WHICH IS COMPOSED OF DULY APPOINTED MEMBERS OF THE ALUMNI ASSOCIATION TO BE USED BY THE COMMITTEE TO CARRY OUT SPECIFIED PURPOSES OF THE ALUMNI ASSOC. THOSE PURPOSES AS SPECIFIED IN THE TRUST INDENTURE ARE TO PROVIDE FUNDS FOR MAINTENANCE AND ADMINISTRATIVE EXPENSES AT WVU AND TO PROVIDE SCHOLARSHIPS AT WEST VIRGINIA UNIVERSITY TO STUDENTS SELECTED BY THE TRUST COMMITTEE.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee
$53,411
Kevin Berry
Executive Se
$0
The Honorable Irene C Berger
Member
$0
James C Gardill
Chairman
$0
David K Hendrickson
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$72,436
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$72,436
Total Program Service Revenue$0
Investment income $278,137
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $945,137
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,295,710

Peer Organizations

Organization NameAssets
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$55,406,167
Case Alumni Associationincorporated
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$15,429,493
Ohio State University Alumni Association Inc
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$16,436,782
United States Naval Academy Alumni Assoc
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$26,897,412
Penn State Alumni Association
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$19,414,154
University School Alumni Assoc
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$3,417,349
University Of Maryland Alumni Association Inc
College Park, MD
$3,266,987
West Virginia University Alumni Association Inc
Morgantown, WV
$6,021,994
University Of Kentucky Alumni Association Inc
Lexington, KY
$3,532,448
Medical College Of Va Alumni Assoc Of Virginia Commonwealth Univ
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$190,238
Thaddeus Stevens Foundation
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$2,341,093
Virginia Commonwealth Universi ALUMNI
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$210,514
Medical Alumni Association Of The University Of Maryland Inc
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$1,994,040
The William & Mary Alumni Association
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$1,967,274
V M I Alumni Association
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German Club Alumni Foundation Incorporated
Blacksburg, VA
$1,110,700
Western Kentucky University Alumni Association Inc
Bowling Green, KY
$776,361
Beta Alumni Association Of The Pennsylvania State University
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$938,177
Associated Alumni Of The Central High School Of Philadelphia
Philadelphia, PA
$1,125,273
Classic For Columbus
Columbus, OH
$679,146
Navy Football Brotherhood Inc
Annapolis, MD
$191,555
West Virginia University Alumni Association Loyalty Permanent Endo
Morgantown, WV
$1,295,710
The Alumni Corporation Of Alpha Omicron Delta Of Chi Psi
Lexington, VA
$773,642
Pgss Campaign Inc
Williamsport, PA
$654,563
Virginia Tech Alumni Association
Blacksburg, VA
$132,698

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