Morgantown High School Foundation Inc
- Assets
- $289.9k
- Revenue
- $72.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Morgantown, WV
- Founding
- 02/1998
- Data as of
- 06/2022
- EIN
- 55-0749989
Organization Overview
Morgantown High School Foundation Inc is located in Morgantown, WV. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgantown High School 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, Morgantown High School Foundation Inc generated $72.6k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.6% each year. All expenses for the organization totaled $41.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990 PART I SUMMARY LINE 1 ATTACHMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES DIRECTLY RELATED TO MORGANTOWN HIGH SCHOOL FOR PURPOSES OF FOSTERING AND ENHANCING EDUCATIONAL OPPORTUNITIES OF MHS STUDENTS AND FACULTY. GRANTS ARE MADE TO STUDENTS, FACULTY, STAFF, EDUCATIONAL DEPARTMENTS, AND MHS ITSELF. EXAMPLES INCLUDE FACULTY PROFESSIONAL DEVELOPMENT, FACULTY WORKSHOP AND CONFERENCE REGISTRATIONS, YOUTH LEADERSHIP CONFERENCE REGISTRATION, RHODODENDRON GIRLS STATE PROGRAM REGISTRATION, ENGLISH NOVELS, SELF-ESTEEM AND HEALTHY RELATIONSHIP PRESENTATIONS, FORENSIC PROGRAM EQUIPMENT, SCIENCE SOFTWARE AND LAB EQUIPMENT, AND MAGNETIC WHITE BOARDS.
AWARDS AND SCHOLARSHIPS FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES DIRECTLY RELATED TO MORGANTOWN HIGH SCHOOL FOR PURPOSES OF FOSTERING AND ENHANCING EDUCATIONAL OPPORTUNITIES OF MHS STUDENTS AND FACULTY. AWARDS AND SCHOLARSHIPS ARE MADE TO STUDENTS, FACULTY, STAFF, EDUCATIONAL DEPARTMENTS AND MHS ITSELF. EXAMPLES INCLUDE TUITION, BOARD, AND BOOKS, SCHOLARSHIPS TO STUDENTS, ATTENDING INSTITUTIONS OF HIGHER EDUCATION.
DESIGNATED FUND PAYMENTS FOR SCIENTIFIC, EDUCATIONAL, AND CHARITABLE PURPOSES DIRECTLY RELATED TO MORGANTOWN HIGH SCHOOL FOR PURPOSES OF FOSTERING AND ENHANCING EDUCATIONAL OPPORTUNITIES OF MHS STUDENTS AND FACULTY. DESIGNATED FUND PAYMENTS ARE MADE TO OR ON BEHALF OF STUDENTS, FACULTY, STAFF, EDUCATIONAL DEPARTMENTS, AND MHS ITSELF. EXAMPLES INCLUDE MATH AND SCIENCE DEPARTMENTS' MATERIALS, FACILITIES IMPROVEMENTS, ALUMNI WALL OF FAME, BAND SUPPORT, AND OTHER CHARITABLE AND EDUCATIONAL INITIATIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Earl Straight President/director | OfficerTrustee | 2 | $0 |
Stephanie Lorenze Vice President/director | OfficerTrustee | 1 | $0 |
Paulette Metcalf Secretary/director | OfficerTrustee | 1 | $0 |
Mark J Nesselroad Treasurer/director | OfficerTrustee | 1 | $0 |
Michele Kelly Director | Trustee | 1 | $0 |
Chase Leone Director | Trustee | 1 | $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 | $68,569 |
| Noncash contributions included in lines 1a–1f | $25,987 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,569 |
| Total Program Service Revenue | $0 |
| Investment income | $2,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1,359 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $25 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,568 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,995 |
| Grants and other assistance to domestic individuals. | $6,424 |
| 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 | $0 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $700 |
| Office expenses | $110 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $682 |
| All other expenses | $13 |
| Total functional expenses | $41,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,500 |
| Savings and temporary cash investments | $156,597 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $952 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $123,882 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $289,931 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $83,767 |
| Net assets with donor restrictions | $206,164 |
| 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 | $289,931 |
Grants Awarded
Over the last fiscal year, Morgantown High School Foundation Inc has awarded $31,995 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MORGANTOWN HIGH SCHOOL PURPOSE: Educational & charitable programs & materials benefiting MHS, faculty, staff, & students | $6,008 |
MORGANTOWN HIGH SCHOOL PURPOSE: Educational & charitable programs & materials benefiting MHS, faculty, staff, & students | $25,987 |