Glenville State University Foundation
- Assets
- $22.2m
- Revenue
- $5.0m
- Investments
- $6.5m
- Employees
- 0
- Location
- Glenville, WV
- Founding
- 02/1961
- Data as of
- 06/2022
- EIN
- 55-6021123
Organization Overview
Glenville State University Foundation is located in Glenville, WV. The organization was established in 1961. According to its NTEE Classification (B42) the organization is classified as: Undergraduate 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. Glenville State University 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 06/2022, Glenville State University Foundation generated $5.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $2.3m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RAISING FUNDS TO PROVIDE SCHOLARSHIPS AND FUNDING FOR GENERAL EDUCATION PURPOSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVE AND PROVIDE FUNDS FOR SCHOLARSHIPS GIVEN FOR ACADEMIC AND ATHLETIC ACHIEVEMENTS TO STUDENTS
RECEIVE AND PROVIDE FUNDS FOR GENERAL EDUCATION PURPOSES OF GLENVILLE STATE COLLEGE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Pettit President | OfficerTrustee | 1 | $0 |
John Westfall Vice President | OfficerTrustee | 1 | $0 |
Mary Lee Mcpherson Secretary/treasurer | OfficerTrustee | 1 | $0 |
Robert Marshall Board Member | Trustee | 1 | $0 |
David Hutchison Ex-Officio Board Member | Trustee | 1 | $0 |
Dennis Carpenter Board Member | Trustee | 1 | $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 | $3,724,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,724,269 |
| Total Program Service Revenue | $0 |
| Investment income | $389,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $120,157 |
| Net Rental Income | $75,630 |
| Net Gain/Loss on Asset Sales | $664,474 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,974,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,128,731 |
| Grants and other assistance to domestic individuals. | $664,688 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,122 |
| Compensation of current officers, directors, key employees. | $23,649 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,755 |
| 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 | $16,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $125,059 |
| Fees for services: Other | $0 |
| Advertising and promotion | $55,151 |
| Office expenses | $4,476 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $95,357 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,575 |
| Insurance | $3,395 |
| All other expenses | $431 |
| Total functional expenses | $2,346,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,219 |
| Savings and temporary cash investments | $1,716,616 |
| Pledges and grants receivable | $1,115,313 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,458 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,884,832 |
| Investments—publicly traded securities | $9,550,273 |
| Investments—other securities | $6,471,706 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $326,031 |
| Total assets | $22,168,448 |
| Accounts payable and accrued expenses | $7,486 |
| Grants payable | $0 |
| Deferred revenue | $79,389 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $58,330 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,898,363 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,043,568 |
| Net assets without donor restrictions | $1,073,665 |
| Net assets with donor restrictions | $18,051,215 |
| 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 | $22,168,448 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Glenville State University Foundation has recieved totaling $13,225.
| Awarding Organization | Amount |
|---|---|
Bison Charitable Foundation Canonsburg, PA PURPOSE: GENERAL | $10,000 |
The Emerich Scholarship Charitable Trust Charleston, WV PURPOSE: SCHOLARSHIP FBO EMILY METHENEY | $1,700 |
The Emerich Scholarship Charitable Trust Charleston, WV PURPOSE: SCHOLARSHIP FBO LAINEY HUNT | $1,700 |
The Emerich Scholarship Charitable Trust Charleston, WV PURPOSE: SCHOLARSHIP FBO OLIVIA RAMSEY | $1,700 |
The Emerich Scholarship Charitable Trust Charleston, WV PURPOSE: RETURN UNUSED SCHOLARSHIP | -$1,875 |
Endowment Analysis
| Beg. Balance | $17,183,742 |
| Earnings | -$2,139,211 |
| Net Contributions | $248,901 |
| Grants | $572,902 |
| Ending Balance | $14,720,530 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Caney Creek Community Center Pippa Passes, KY | $136,427,755 | $30,649,937 |
University Of Mary Washington Foundation Fredericksburg, VA | $186,636,934 | $19,915,035 |
Patrick Henry College Purcellville, VA | $42,398,323 | $19,179,268 |
University Of Valley Forge Of The Assemblies Of God Phoenixville, PA | $33,204,385 | $17,692,057 |
Capitol Technology University Laurel, MD | $27,498,251 | $16,836,672 |
Wilberforce University Wilberforce, OH | $28,180,485 | $40,652,171 |
Manor College Jenkintown, PA | $17,591,857 | $16,869,766 |
Art Academy Of Cincinnati Cincinnati, OH | $6,583,513 | $9,495,180 |
Pennsylvania Institue Of Technology Media, PA | $8,362,791 | $13,243,605 |
Pontifical College Josephinum Columbus, OH | $57,627,425 | $9,311,900 |
Fairfax University Of America Fairfax, VA | $12,151,860 | $8,266,608 |
Appalachian Bible College Inc Mount Hope, WV | $12,108,956 | $7,758,516 |