The West Virginia Scholarship Organization Inc
- Assets
- $20.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morgantown, WV
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 55-0706102
Organization Overview
The West Virginia Scholarship Organization Inc is located in Morgantown, WV. The organization was established in 1992. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Scholarship Organization Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, West Virginia Scholarship Organization Inc generated $7.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (38.0%) each year. All expenses for the organization totaled $3.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (45.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
WE ARE A STATEWIDE, SERVICE ORIENTED SCHOLARSHIP PROGRAM SEEKING TO EMPOWER WOMEN THROUGH EDUCATION AND OPPORTUNITY. THIS IS OUR SOLE PURPOSE, SO WE HAVE INCLUDED ALL EXPENSES AS THIS ONE ACCOMPLISHMENT. DUE TO THE PANDEMIC, WE HAVE NOT BEEN ABLE TO HOLD EVENTS/PAGEANTS TO AWARD SCHOLARSHIPS THE LAST COUPLE OF YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leah Summers Executive Director | 5 | $0 | |
Ryan Boyd Vice President | 2 | $0 | |
Barbara Brunetti President | 2 | $0 | |
Jackie Stemple Treasurer | 1 | $0 | |
Ashley Workman Secretary | 1 | $0 | |
Kelly Palmer Parliamentarian | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,965 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$54 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,911 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $960 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,618 |
| Total expenses | $3,578 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,015 |
| Other assets | $0 |
| Total assets | $20,015 |
| Total liabilities | $17,300 |
| Net assets or fund balances | $2,715 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Catholic Education Foundation Inc Louisville, KY | $34,954,329 | $8,681,774 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Beta Theta Pi Foundation Oxford, OH | $33,085,697 | $6,703,723 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |
Military Officers Association Of America Scholarship Fund Alexandria, VA | $166,984,015 | $13,631,800 |
Cardinal Health Foundation Dublin, OH | $40,394,329 | $2,713,784 |