Wvu At Parkersburg Foundation Inc

Organization Overview

Wvu At Parkersburg Foundation Inc is located in Parkersburg, WV. The organization was established in 1963. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Wvu At Parkersburg 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, Wvu At Parkersburg Foundation Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $429.8k during the year ending 06/2021. While expenses have increased by 0.0% per year over the past 7 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

THE FOUNDATION WAS ESTABLISHED TO PROVIDE EDUCATION SUPPORT AND SCHOLARSHIPS TO THE STUDENTS AND FACULTY OF WEST VIRGINIA UNIVERSITY AT PARKERSBURG.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SCHOLARSHIP AWARDS ARE MADE TO DESERVING STUDENTS AS DETERMINED BY THE WVU AT PARKERSBURG SCHOLARSHIP COMMITTEE. INTERESTED STUDENTS COMPLETE AN APPLICATION PROCESS AND MUST MEET ELIGIBILITY REQUIREMENTS AS OUTLINED IN THE ATTACHED SCHOLARSHIP APPLICATION.


PROGRAM SERVICES RELATED TO EDUCATIONAL NEEDS OF WEST VIRGINIA UNIVERSITY AT PARKERSBURG.


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Board, Officers & Key Employees

Name (title)Compensation
Becky Deem
Chair
$0
Cynthia Brown
First Vice-Chair
$0
Annette Fehrenbacher
Second Vice-Chair
$0
Mike Seese
Treasurer
$0
Robert K Tebay III
Secretary
$0
Stephen Higgs
Assistant Treasurer
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$135,339
Investment income $232,300
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $685,842
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,053,481

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Wvu At Parkersburg Foundation Inc has recieved totaling $65,060.

Awarding OrganizationAmount
Parkersburg Area Community Foundation Inc

Parkersburg, WV

PURPOSE: EDUCATION

$35,060
Erickson Foundation Tr

Parkersburg, WV

PURPOSE: SUPPORT FOR UNDERSERVED STUDENTS

$20,000
Oakland Foundation

Stowe, VT

PURPOSE: SUPPORT WVUP FOUNDATION OAKLAND FUND

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,533,873
Earnings$2,560,623
Admin Expense$79,042
Net Contributions$7,753
Other Expense$122,832
Grants$144,536
Ending Balance$12,755,839

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