West Virginia School Of Osteopathic Medicine Foundation

Organization Overview

West Virginia School Of Osteopathic Medicine Foundation is located in Lewisburg, WV. The organization was established in 1975. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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 School Of Osteopathic Medicine 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, West Virginia School Of Osteopathic Medicine Foundation generated $820.3k 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 (13.5%) each year. All expenses for the organization totaled $327.6k 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 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE THE WV SCHOOL OF OSTEOPATHIC MEDICINE (THE "WVSOM"), ITS FACULTY, STUDENTS AND ALUMNI AS AN ADDITIONAL FUNDING SOURCE THROUGH FUNDRAISING, MANAGING FUNDS, AND OVERSEEING DISTRIBUTION OF THESE FUNDS. IT ACCOMPLISHES THIS BY ENGAGING IN THE FOLLOWING PRINCIPAL ACTIVITIES: 1) SOLICITATION OF RESTRICTED AND UNRESTRICTED CHARITABLE CONTRIBUTIONS, 2) INVESTMENT OF AVAILABLE LIQUID ASSETS, 3) AWARDING TO QUALIFIED STUDENTS, FACULTY OR STAFF OF WVSOM CERTAIN GRANTS OR SCHOLARSHIPS, 4) RENTAL OF A CONFERENCE/EVENT FACILITY LOCATED ON THE CAMPUS OF WVSOM, 5) MAKING BRIDGE FINANCING LOANS FOR STUDENTS IN NEED.

Describe the Organization's Program Activity:

PROMOTED AND ADVANCED EDUCATIONAL AND FRATERNAL OPPORTUNITIES FOR CURRENT STUDENTS, FACULTY AND ALUMNI OF WV SCHOOL OF OSTEOPATHIC MEDICINE


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Board, Officers & Key Employees

Name (title)Compensation
Dewayne Duncan
President
$0
Monte Ward
Treasurer
$0
Sherri Young DO
Vice President
$0
Donette Mizia
Administrative Director
$0
Georgette George
Board Member
$0
Bradley Harris
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$439,741
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$439,741
Total Program Service Revenue$23,158
Investment income $155,667
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $198,606
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $820,326

Grants Recieved

Over the last fiscal year, we have identified 4 grants that West Virginia School Of Osteopathic Medicine Foundation has recieved totaling $59,952.

Awarding OrganizationAmount
Greater Kanawha Valley Foundation

Charleston, WV

PURPOSE: GENERAL SUPPORT

$50,000
Nora Roberts Foundation Inc

Glenn Dale, MD

PURPOSE: OPERATIONS

$4,853
Pallottine Foundation Of Huntington West Virginia

Huntington, WV

PURPOSE: TO PROVIDE SUPPORT TO ENROLL CERTIFIED PEER RECOVERY SUPPORT SPECIALISTS FROM THE JOBS & HOPE WEST VIRGINIA PROGRAM IN ITS CERTIFIED COMMUNITY HEALTH EDUCATION RESOURCE PERSON LEVEL I, LEVEL II, AND LEVEL III TRAININGS. TRAINEES WILL BE ASSISTED WITH JOB PLACEMENT AND PROVIDED WITH FOLLOW-UP SUPPORT AFTER EMPLOYMENT.

$4,800
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$299
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,533,674
Earnings-$302,788
Net Contributions$348,661
Grants-$118,418
Ending Balance$3,697,965

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