Alderson-Broaddus Endowment Corporation

Organization Overview

Alderson-Broaddus Endowment Corporation is located in Philippi, WV. The organization was established in 1985. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alderson-Broaddus Endowment Corporation 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 06/2021, Alderson-Broaddus Endowment Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE SUPPORT TO ALDERSON BROADDUS UNIVERSITY, INC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ALERDSON BROADDUS ENDOWMENT CORPORATION PROVIDES SUPPORT TO ALDERSON BROADDUS UNIVERSITY THROUGH A CAPITAL LEASE AGREEMENT. THROUGH FUNDING PROVIDED BY THE ENDOWMENT CORP TO ALDERSON-BROADDUS UNIVERSITY IN PRIOR YEARS, ABU AWARDED 717 SCHOLARSHIPS DURING THE YEAR ENDED JUNE 30, 2021.


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Board, Officers & Key Employees

Name (title)Compensation
Bruce Blankenship
President
$0
James Tim Barry
Trustee
$0
Reggie Trefethen
Vice-President
$0
Jeff Rogers
Trustee
$0
Jeffery Woofter
Trustee
$0
Brenda Hunt
Trustee
$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$2,429
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,429
Total Program Service Revenue$1,081,040
Investment income $483
Tax Exempt Bond Proceeds $0
Royalties $1,849
Net Rental Income $0
Net Gain/Loss on Asset Sales $24,889
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,110,690

Endowment Analysis

Beg. Balance$1,044,212
Earnings-$266,136
Ending Balance$778,076

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