Civic Intelligence

Bridgevalley Community & Technical College Foundation Inc.

990 • Fiscal year 2020 • EIN 27-1980955

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 24, 2021

Organization ProfileBRIDGEVALLEY.EDU/BRIDGEVALLEY-FOUNDATI
619 2nd AvenueMontgomery, WV 25136

(304) 734-6611

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

27th percentile

0.01x

Higher debt load relative to assets than 27% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

51st percentile

0.14x

Higher debt load relative to revenue than 51% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

27th percentile

-1.3%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

2nd percentile

-83%

Faster revenue growth than 2% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$2,411,501

Down $7,504 (-0.3%) from 2018

Net Assets

Down

$2,383,479

Down $10,988 (-0.5%) from 2018

Liabilities

Up

$28,022

Up $3,484 (+14%) from 2018

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin14th percentile

Revenue

Up

$194,023

Up $48,317 (+33%) from 2018

Expenses

Up

$241,199

Up $137,040 (+132%) from 2018

Net Income

Down

-$47,176

Down $88,723 (-214%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $219,648Liabilities 2011: $290Net Assets 2011: $219,3582011Assets 2016: $2,328,245Liabilities 2016: $65,867Net Assets 2016: $2,262,3782016Assets 2018: $2,419,005Liabilities 2018: $24,538Net Assets 2018: $2,394,4672018Assets 2020: $2,411,501Liabilities 2020: $28,022Net Assets 2020: $2,383,4792020Assets 2022: $2,338,036Liabilities 2022: $27,418Net Assets 2022: $2,310,6182022Assets 2025: $3,091,631Liabilities 2025: $18,502Net Assets 2025: $3,073,1292025

Highlighted filing

2020

Assets$2,411,501
Liabilities$28,022
Net Assets$2,383,479
Open 2020 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KExpenses 2011: $6,1412011Revenue 2016: $1,648,927Expenses 2016: $228,155Net Income 2016: $1,420,7722016Revenue 2018: $145,706Expenses 2018: $104,159Net Income 2018: $41,5472018Revenue 2020: $194,023Expenses 2020: $241,199Net Income 2020: -$47,1762020Revenue 2022: $100,939Expenses 2022: $227,357Net Income 2022: -$126,4182022Revenue 2025: $318,179Expenses 2025: $145,386Net Income 2025: $172,7932025

Highlighted filing

2020

Revenue$194,023
Expenses$241,199
Net Income-$47,176
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 24, 2021
Return Version
2019v5.0
Gross Receipts
$1,011,246
Mission and Program Overview

Mission

The organization is a private non-profit organization whose mission is to promote the academic excellence, growth, progress and general welfare of bridgvalley community and technical college by raising funds providing support to strengthen and develop the college and its objectives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,623,739$2,355,690▲ $731,951
Investments Other Securities$502,272--
Savings and Temporary Cash Investments$225,689--
Cash and Non-Interest-Bearing Accounts$74,993$27,987▼ $47,006
Accounts Receivable$7,865$27,824▲ $19,959
Pledges and Grants Receivable$7,500--
Prepaid Expenses and Deferred Charges$790--
Total Assets$2,442,848$2,411,501▼ $31,347
Liabilities
Accounts Payable and Accrued Expenses$18,602$28,022▲ $9,420
Deferred Revenue$10,296--
Total Liabilities$28,898$28,022▼ $876
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,379,220$2,317,441▼ $61,779
Net Assets Without Donor Restrictions$34,730$66,038▲ $31,308
Total Net Assets Fund Balance$2,413,950$2,383,479▼ $30,471
Total Liabilities and Net Assets / Fund Balance$2,442,848$2,411,501▼ $31,347

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$840,638-▲ $19,802-$824,530
2018$837,684-▲ $32,454-$840,638
2017$798,971-▲ $56,777-$837,684
2016$732,844-▲ $70,224-$798,971
2015$824,324$700,000▲ $5,263$785,361$732,844
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Craig SlaughterChair
Rick AtkinsonVice-chair
Carl KennedyDirector
John FrisbyDirector
Rob VanaterDirector
Dr Sue ForsbreySecretary
Sarah MartinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$129,523
Program Service Revenue
$0
Investment Income
$60,688
Other Revenue
$3,812
All Other Contributions
$109,670
Change in Net Assets
$-47,176

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Other Non Cash Contri Table1$76,968
Total Noncash Contributions1$76,968

Audited Revenue Reconciliation

Revenue per Audited Statements
$178,526
Revenue Not Reported on Financial Statements
$15,497
Revenue Not Reported on Form 990
$25,042
Total Revenue per Audited Statements
$203,568
Total Revenue per Form 990
$194,023
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$202,740
Other Expenses$38,459
Total Fundraising Expense$1,828
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$202,740--$202,740
Fees for Service Investment Mgmnt Fees-$15,497-$15,497
Fees for Services Accounting-$14,418-$14,418
Travel-$2,307-$2,307
Insurance-$859-$859
All Other Expenses-$800-$800
Other Expenses-$1,064$400$400
Conferences and Meetings-$375-$375
Advertising-$54-$54
Total Functional Expenses$202,740$36,631$1,828$241,199

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$241,199
Total Expenses per Audited Statements$234,039
Expenses per Audited Statements$225,702
Expenses Not Reported on Financial Statements$15,497
Expenses Not Reported on Form 990$8,337
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bridgevalley Community & TechnicalSouth Charleston, WV501c3Scholarships$69,046
Bridgevalley Community & TechnicalSouth Charleston, WV501c3Educational Support$56,726
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$14,016
Fundraising Direct Expenses$10,572
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Steam Camp$10,898$10,898$4,083$6,815
Total Events$10,898$10,898$4,083$6,815
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The foundation's treasurer reviews the information included in the form 990 for accuracy. Upon completion of the review, and after contacting the preparer with any questions/or concerns identified during the review, the treasurer signs the form 990 and submits it to the internal revenue service.”

Form 990, Page 6, Part VI, Line 12C

“Annually, the board of directors distributes and discusses its conflict of interest policy. Board members are required to acknowledge their receipt and understanding of the policy and their responsibility for notifying the board if a conflict were to arise. Any board member who has a conflict of interest is required to recuse themselves from any votes regarding such issues.”

Form 990, Page 6, Part VI, Line 19

“The foundation's policies are maintained in the foundation's administrative office and are made available to the public upon request as required by the irc regulations.”

Filing and Contact Details

Filer

Filer Name
Bridgevalley Community & Technical
EIN
27-1980955
Phone
3047346611
Address
619 2ND AVENUE, MONTGOMERY, WV 25136

Signing Officer

Name
Sarah Martin
Title
Treasurer
Phone
3047346611
Signed
2021-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Slaughter
Formed
2010
Legal Domicile
Wv
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Ellis & Ellis Pllc
Address
500 VIRGINIA ST E STE 1000, CHARLESTON, WV 25301
Preparer
Kimberly K Williams
Phone
3043424169
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization is a private non-profit organization whose mission is to promote the academic excellence, growth, progress and general welfare of bridgvalley community and technical college by raising funds providing support to strengthen and develop the college and its objectives.”

Form 990, Part XI, Line 9

“Unrealized investment income 16,705”

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

“Funds are held in the foundation for distribution to bridgevally community and technical college. The funds include monies held to support academic departments, the advanced tech capital campaign, fiscal agent accounts, major colleges, non-endowed scholarships, special events or purposes and student organizations.”

Schedule D, Page 3, Part X

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code; accordingly, the accompanying financial statements do not reflect a provision or liability for federal and state income taxes. The foundation has determined that it does not have any material unrecognized tax benefits or obligations as of june 30, 2020 and 2019. Fiscal years on or after june 30, 2016 remain subject to examination by federal and state tax authorities.”

Schedule D, Page 4, Part XII, Line 2D

“SPECIAL EVENTS AWARDS 0”

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FUNDS ARE HELD IN THE FOUNDATION FOR DISTRIBUTION TO BRIDGEVALLY COMMUNITY AND TECHNICAL COLLEGE. THE FUNDS INCLUDE MONIES HELD TO SUPPORT ACADEMIC DEPARTMENTS, THE ADVANCED TECH CAPITAL CAMPAIGN, FISCAL AGENT ACCOUNTS, MAJOR COLLEGES, NON-ENDOWED SCHOLARSHIPS, SPECIAL EVENTS OR PURPOSES AND STUDENT ORGANIZATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE FOUNDATION HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF JUNE 30, 2020 AND 2019. FISCAL YEARS ON OR AFTER JUNE 30, 2016 REMAIN SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAX AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENTS AWARDS 0
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHOLARSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BRIDGEVALLEY COMMUNITY & TECHNICAL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BRIDGEVALLEY COMMUNITY & TECHNICAL
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS OF THE FOUNDATION RELIES ON THE INDEPENDENT AUDIT OF BRIDGEVALLEY COMMUNITY AND TECHNICAL COLLEGE. IN ADDITION, A MAJORITY OF THE SUPPORT IS PROVIDED ON A REIMBURSEMENT BASIS; THEREFORE, SUPPORTING DOCUMENTATION IS PROVIDED TO THE FOUNDATION BY THE COLLEGE FOR THE ASSISTANCE BEING REQUESTED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A PRIVATE NON-PROFIT ORGANIZATION WHOSE MISSION IS TO PROMOTE THE ACADEMIC EXCELLENCE, GROWTH, PROGRESS AND GENERAL WELFARE OF BRIDGVALLEY COMMUNITY AND TECHNICAL COLLEGE BY RAISING FUNDS PROVIDING SUPPORT TO STRENGTHEN AND DEVELOP THE COLLEGE AND ITS OBJECTIVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S TREASURER REVIEWS THE INFORMATION INCLUDED IN THE FORM 990 FOR ACCURACY. UPON COMPLETION OF THE REVIEW, AND AFTER CONTACTING THE PREPARER WITH ANY QUESTIONS/OR CONCERNS IDENTIFIED DURING THE REVIEW, THE TREASURER SIGNS THE FORM 990 AND SUBMITS IT TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY, THE BOARD OF DIRECTORS DISTRIBUTES AND DISCUSSES ITS CONFLICT OF INTEREST POLICY. BOARD MEMBERS ARE REQUIRED TO ACKNOWLEDGE THEIR RECEIPT AND UNDERSTANDING OF THE POLICY AND THEIR RESPONSIBILITY FOR NOTIFYING THE BOARD IF A CONFLICT WERE TO ARISE. ANY BOARD MEMBER WHO HAS A CONFLICT OF INTEREST IS REQUIRED TO RECUSE THEMSELVES FROM ANY VOTES REGARDING SUCH ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S POLICIES ARE MAINTAINED IN THE FOUNDATION'S ADMINISTRATIVE OFFICE AND ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AS REQUIRED BY THE IRC REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNREALIZED INVESTMENT INCOME 16,705
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,411,501
Liabilities
$28,022
Net assets
$2,383,479
Revenue
$194,023
Expenses
$241,199
Net income
-$47,176
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.09$0.02$3.07$0.32$0.15$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.34$0.03$2.31$0.10$0.23$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.41$0.03$2.38$0.19$0.24$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.42$0.02$2.39$0.15$0.10$0.04
2016Detailed filing. Detailed filing data is available for this year.$2.33$0.07$2.26$1.65$0.23$1.42
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.00$0.22$0.01