Southern West Virginia Community College Foundation is located in Logan, WV. The organization was established in 1990. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, 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. Southern West Virginia Community College 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, Southern West Virginia Community College Foundation generated $291.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $273.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO COLLECT DONATIONS TO BE DISTRIBUTED AS SCHOLARSHIPS TO PERSONS ATTENDING SOUTHERN WEST VIRGINIA COMMUNITY AND TECHNICAL COLLEGE AND FOR OTHER PURPOSES BENEFITTING THE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AWARDS - AWARDS TO OUTSTANDING FACULTY MEMBERS IN EACH MAJOR AREA OF THE COLLEGE.
FACILITY, OPERATING SUPPLIES, ENHANCEMENT OF EFFECTIVE EDUCATIONAL TECHNIQUES.
EDUCATIONAL SCHOLARSHIP AND LOANS - APPLICATION FROM STUDENT BODY OF 3,000 PLUS AND SELECTIONS ARE MADE FROM VARIOUS COMMITTEES OF FACULTY AND COMMUNITY LEADERS FOR GRANTS AND LOANS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Mark Mareske Treasurer | Officer | 5 | $4,800 |
Dee Kapourales Vice-President | Officer | 5 | $0 |
Eddie Canterbury President | Officer | 10 | $0 |
David Mccormick Board Of Director | Trustee | 0.5 | $0 |
Dr Thomas Nuckols Board Of Director | Trustee | 0.5 | $0 |
Drew Lewis Board Of Director | Trustee | 0.5 | $0 |
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 | $143,013 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $143,013 |
Total Program Service Revenue | $0 |
Investment income | $148,078 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $291,091 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $4,800 |
Compensation of current officers, directors, key employees. | $4,800 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,058 |
All other expenses | $12,095 |
Total functional expenses | $273,785 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $259,086 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $4,390,916 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $4,650,002 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $373,599 |
Net assets with donor restrictions | $4,276,403 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $4,650,002 |
Over the last fiscal year, we have identified 1 grants that Southern West Virginia Community College Foundation has recieved totaling $8,000.
Awarding Organization | Amount |
---|---|
$8,000 |
Organization Name | Assets | Revenue |
---|---|---|
Muskingum University New Concord, OH | $203,474,900 | $69,143,599 |
Mount Aloysius College Cresson, PA | $187,396,444 | $41,178,883 |
Midway University Inc Midway, KY | $66,224,424 | $32,615,868 |
Southern Virginia University Buena Vista, VA | $37,155,964 | $26,776,085 |
Lackawanna College Scranton, PA | $71,721,039 | $37,550,402 |
Keystone College La Plume, PA | $35,973,065 | $32,307,027 |
Christ College Of Nursing Andhealth Sciences Cincinnati, OH | $10,994,626 | $16,669,063 |
Northampton County Area Community College Foundation Bethlehem, PA | $90,958,462 | $10,129,172 |
Montgomery College Foundation Inc Rockville, MD | $114,232,820 | $9,502,498 |
Rural Regional College Of Northern Pennsylvania Warren, PA | $5,615,741 | $6,853,923 |
The Chatfield Edge St Martin, OH | $13,777,194 | $3,802,569 |
Howard Community College Educational Foundation Inc Columbia, MD | $15,584,506 | $3,702,279 |