Bb & T West Virginia Foundation Inc
- Assets
- $10.8m
- Revenue
- $66.9k
- Investments
- $10.5m
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 10/1954
- Data as of
- 12/2023
- EIN
- 55-6017269
Organization Overview
Bb & T West Virginia Foundation Inc is located in Orlando, FL. The organization was established in 1954. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, 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. Bb & T West Virginia Foundation Inc 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 12/2023, Bb & T West Virginia Foundation Inc generated $66.9k 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 (30.8%) each year. All expenses for the organization totaled $582.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Bb & T West Virginia Foundation Inc has awarded 402 individual grants totaling $3,966,450. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr J Holmes Morrison Member & Trustee | 1 | $0 | |
Mr Steven M Rubin Member & Trustee | 1 | $0 | |
Dr Edwin H Welch Member & Trustee | 1 | $0 | |
Mr Robert O Orders Jr Member & Trustee | 1 | $0 | |
Mrs Ellen S Cappelanti Member & Trustee | 1 | $0 | |
Mr Patrick O'malley Trustee & President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $253,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$188,825 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,677 |
| Total Revenue | $66,878 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,996 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $452 |
| Total operating and administrative expenses | $37,704 |
| Contributions, gifts, grants paid | $545,000 |
| Total expenses and disbursements | $582,704 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,714 |
| Savings and temporary cash investments | $329,188 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,326,559 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $9,561 |
| Total assets | $10,796,071 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bb & T West Virginia Foundation Inc has awarded $545,000 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
FAIRMONT STATE FOUNDATION PURPOSE: GENERAL OPERATING | $10,000 |
BUCKSKIN COUNCIL BSA PURPOSE: GENERAL OPERATING | $15,000 |
POLLEN8 PURPOSE: GENERAL OPERATING | $10,000 |
APPALACHIAN CHIDREN'S CHORUS PURPOSE: GENERAL OPERATING | $2,500 |
WEST VIRGINIA DRUG INTERVENTION PURPOSE: GENERAL OPERATING | $7,500 |
HUNTINGTON AREA DEVELOPMENT COUNCIL PURPOSE: GENERAL OPERATING | $8,000 |