Big Green Scholarship Foundation Inc
- Assets
- $28.5m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Huntington, WV
- Founding
- 12/1986
- Data as of
- 06/2024
- EIN
- 55-0631935
Organization Overview
Big Green Scholarship Foundation Inc is located in Huntington, WV. The organization was established in 1986. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Big Green Scholarship 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 06/2024, Big Green Scholarship Foundation Inc generated $10.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $11.0m during the year ending 06/2024. While expenses have increased by 14.4% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS FOR ATHLETIC SCHOLARSHIPS FOR QUALITY STUDENT-ATHLETES AND TO ASSIST IN THE PROMOTION OF A QUALITY ATHLETIC PROGRAM AT MARSHALL UNIVERSITY IN COMPLIANCE WITH RULES AND REGULATIONS SET FORTH BY THE NCAA, THE CURRENT CONFERENCE, AND MARSHALL UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS AMOUNT ASSISTS MARSHALL UNIVERSITY IN THEIR COSTS INCURRED SUPPORTING THE ATHLETIC DEPARTMENT ALONG WITH CAPITAL/FIXED ASSET CONTRIBUTIONS TO THE INSTITUTION.
THIS AMOUNT REPRESENTS PAYMENTS MADE ON BEHALF OF MARSHALL UNIVERSITY FOR DEBT SERVICE REQUIREMENTS RELATED TO CAPITAL/FIXED ASSETS OWNED BY THE INSTITUTION.
THIS AMOUNT REPRESENTS CONTRIBUTIONS TO THE MARSHALL UNIVERSITY ATHLETIC DEPARTMENT IN THE FORM OF CASH AND CAPITAL/FIXED ASSET ADDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Sutherland Executive Di | Officer | 45 | $0 |
Jordan Fletcher Director Of | Officer | 40 | $0 |
Beverly Lee Secretary | Officer | 40 | $0 |
Brad Bobersky Director | Trustee | 0.25 | $0 |
Kent Brown Director | Trustee | 0.25 | $0 |
Dr Jim Butler President-El | OfficerTrustee | 0.25 | $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 | $394,395 |
| Noncash contributions included in lines 1a–1f | $394,395 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $394,395 |
| Total Program Service Revenue | $7,728,764 |
| Investment income | $428,710 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,379,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,365,343 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $618,553 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $163,428 |
| Advertising and promotion | $469,290 |
| Office expenses | $261,046 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $318,021 |
| Travel | $928,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $200,568 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,203 |
| Insurance | $8,294 |
| All other expenses | $579,372 |
| Total functional expenses | $11,016,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $122,669 |
| Savings and temporary cash investments | $3,624,860 |
| Pledges and grants receivable | $11,012,640 |
| Accounts receivable, net | $56,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,555 |
| Net Land, buildings, and equipment | $45,980 |
| Investments—publicly traded securities | $13,460,112 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $190,512 |
| Total assets | $28,527,529 |
| Accounts payable and accrued expenses | $369,416 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $3,537,421 |
| Other liabilities | $446,448 |
| Total liabilities | $4,353,285 |
| Net assets without donor restrictions | $3,339,713 |
| Net assets with donor restrictions | $20,834,531 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,527,529 |
Grants Awarded
Over the last fiscal year, Big Green Scholarship Foundation Inc has awarded $6,365,343 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
MARSHALL UNIVERSITY PURPOSE: PROGRAM SUPPORT | $1,141,213 |
MARSHALL UNIVERSIRY PURPOSE: DEBT SERVICE | $572,613 |
MARSHALL UNIVERSITY ATHLETIC DEPT PURPOSE: PROGRAM SUPPORT | $4,651,517 |