Encova Foundation Of West Virginia
- Assets
- $48.3m
- Revenue
- $4.7m
- Investments
- $44.2m
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 80-0772825
Organization Overview
Encova Foundation Of West Virginia is located in Charleston, WV. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Encova Foundation Of West Virginia 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, Encova Foundation Of West Virginia generated $4.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.1%) each year. All expenses for the organization totaled $2.8m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Encova Foundation Of West Virginia has awarded 782 individual grants totaling $59,104,142. 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 |
|---|---|---|---|
Marty Becker Executive Chair | 0.5 | $0 | |
James Christopher Howat Executive Vp, Cfo, Treasurer | 0.5 | $0 | |
Thomas J Obrokta Jr President And CEO | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500,000 |
| Interest on Savings | $293,912 |
| Dividends & Interest | $1,083,684 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $843,632 |
| Capital Gain Net Income | $843,632 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,721,228 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $18,436 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,530 |
| Total operating and administrative expenses | $313,460 |
| Contributions, gifts, grants paid | $2,497,000 |
| Total expenses and disbursements | $2,810,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,047,871 |
| Net Accounts receivable | $77,794 |
| 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 | $44,219,174 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $48,344,839 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,107,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $22,445 |
| Total liabilities | $2,129,945 |
Grants Awarded
Over the last fiscal year, Encova Foundation Of West Virginia has awarded $2,497,000 in support to 85 organizations.
| Grant Recipient | Amount |
|---|---|
AFL CIO APPALACHIAN COUNCIL INC PURPOSE: GENERAL PURPOSES | $1,500 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARLESTON HEART WALK | $5,000 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: CHARLESTON OUT OF THE DARKNESS WALK TO FIGHT SUICIDE | $1,000 |
APPALACHIAN CHILDRENS CHORUS PURPOSE: GENERAL PURPOSES | $5,000 |
BIG BROTHERS & BIG SISTERS OF THE TRI-STATE INC PURPOSE: GENERAL PURPOSES | $2,500 |
BOY SCOUTS OF AMERICA PURPOSE: SCOUTING SUPPORT | $15,000 |