Belmont College Foundation Inc

Organization Overview

Belmont College Foundation Inc is located in St Clairsville, OH. The organization was established in 2002. 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. Belmont College 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 06/2022, Belmont College Foundation Inc generated $672.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $164.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE FUNDS FOR THE ENHANCEMENT OF THE COLLEGE'S PROGRAMS, ITS IMAGE, ITS EFFECTIVENESS AS AN INSTITUTION, AND TO PROVIDE ASSISTANCE TO STUDENTS IN MEETING THE EVER-INCREASING COSTS OF A COLLEGE EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO RAISE FUNDS FOR THE ENHANCEMENT OF THE COLLEGE'S PROGRAMS, ITS IMAGE, ITS EFFECTIVENESS AS AN INSTITUTION, AND TO PROVIDE ASSISTANCE TO STUDENTS IN MEETING THE EVER-INCREASING COSTS OF A COLLEGE EDUCATION.


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Board, Officers & Key Employees

Name (title)Compensation
Carolyn Sue White
Vice Chairperson
$0
Paul Stecker
Treasurer
$0
Janet Jacobs
Chairperson
$0
Vincent Gallagher
Secretary
$0
Dr Mark Macri
Trustee Liaison
$0
Susan Adams
Board Member
$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$592,890
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$592,890
Total Program Service Revenue$0
Investment income $82,954
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$3,377
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $672,467

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Belmont College Foundation Inc has recieved totaling $25,000.

Awarding OrganizationAmount
Francis J And Edith Jackson Foundation

Wheeling, WV

PURPOSE: CHARITABLE

$15,000
Columbus Foundation

Columbus, OH

PURPOSE: ADVANCING PHILANTHROPY

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$460,616
Earnings-$151,931
Admin Expense-$10,098
Net Contributions$517,401
Ending Balance$815,988

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