Via-Bradely College Of Engineering Foundation
- Assets
- $31.4m
- Revenue
- $2.5m
- Investments
- $16.2m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 06/2001
- Data as of
- 12/2023
- EIN
- 52-2283401
Organization Overview
Via-Bradely College Of Engineering Foundation is located in Sioux Falls, SD. The organization was established in 2001. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, 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. Via-Bradely College Of Engineering 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 12/2023, Via-Bradely College Of Engineering Foundation generated $2.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David G Hottmann Director/secretary | 1 | $0 | |
Frederick P Stratton Jr Director | 1 | $0 | |
Elizabeth Cline Director | 1 | $0 | |
John G Rocovich Jr Director/president | 1 | $0 | |
Dennis A Barbour Assistant Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $180,000 |
| Interest on Savings | $8,267 |
| Dividends & Interest | $255,182 |
| Net Rental Income | $808,466 |
| Net Gain on Sale of Assets | $271,391 |
| Capital Gain Net Income | $271,391 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $33,494 |
| Total Revenue | $2,528,766 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $668,684 |
| Taxes | $21,864 |
| Depreciation | $412,147 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $646,374 |
| Total operating and administrative expenses | $1,857,022 |
| Contributions, gifts, grants paid | $1,280,570 |
| Total expenses and disbursements | $3,137,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,219,353 |
| 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 | $1,000,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $49,951 |
| Net Investments - land, buildings, equipment | $9,566,375 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,943,138 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,366,508 |
| Total assets | $31,365,401 |
| Accounts payable and accrued expenses | $247,371 |
| Grants payable | $959,460 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $15,896,561 |
| Other liabilities | $2,115,337 |
| Total liabilities | $19,218,729 |
Grants Awarded
Over the last fiscal year, Via-Bradely College Of Engineering Foundation has awarded $2,152,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
OGLETREE RESOURCES CORPORATION PURPOSE: EDUCATIONAL | $952,000 |
VIRGINIA TECH PURPOSE: EDUCATIONAL | $1,200,000 |