Concord University Foundation Inc

Organization Overview

Concord University Foundation Inc is located in Athens, WV. The organization was established in 1976. 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. Concord University 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 06/2021, Concord University Foundation Inc generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $1.9m during the year ending 06/2021. While expenses have increased by 2.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO AID AND STRENGHTEN THE EDUCATIONAL PURPOSES OF CONCORD UNIVERSITY BY DEVELOPING AND UTILIZING THE TIES OF INTEREST, SYMPATHY, AND AFFECTION EXISTING BETWEEN THE UNIVERSITY AND ITS ALUMNI AND FRIENDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ISSUED SCHOLARSHIPS DIRECTLY TO RECIPIENTS, SUPPORTED CONCORD UNIVERSITY WITH SCHOLARSHIP FUNDS, SUPPORTED FACULTY AND STAFF, ADMINISTRATED FUNDS FOR COLLEGE AND COMMUNITY ENRICHMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Jack White
Chair
$0
Brad Lane
Secretary
$0
Jennifer Ware
Vice Chair
$0
Rosemary Goss
Treasurer
$0
David Kirby
Past Chair
$0
Ed Bailey
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$762,925
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$762,925
Total Program Service Revenue$0
Investment income $753,093
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,143,547
Net Income from Fundraising Events $22,210
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,681,775

Grants Recieved

Over the last fiscal year, we have identified 10 grants that Concord University Foundation Inc has recieved totaling $232,767.

Awarding OrganizationAmount
Hugh I Shott Jr Foundation

Bluefield, WV

PURPOSE: CHARITABLE - TURF REPLACEMENT ON JUNE O SHOTT FIELD

$150,000
Maier Foundation Inc

Charleston, WV

PURPOSE: SCHOLARSHIPS

$60,000
Bb & T West Virginia Foundation Inc

Charleston, WV

PURPOSE: GENERAL OPERATING

$10,000
Pace Family Foundation Inc

Princeton, WV

PURPOSE: OPERATING FUNDS

$5,000
Katharine B Tierney Charitable Foundation

Bluefield, WV

PURPOSE: GENERAL SUPPORT

$5,000
The H P And Anne S Hunnicutt Foundation Inc

Princeton, WV

PURPOSE: EDUCATIONAL - HOMER K. BALL MEMORIAL SCHOLARSHIP

$1,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$35,389,756
Earnings$9,743,018
Net Contributions$63,607
Grants$1,036,287
Ending Balance$44,160,094

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