Civic Intelligence

Bridgevalley Community & Technical College Foundation Inc.

990 • Fiscal year 2021 • EIN 27-1980955

Jul 01, 2020 to Jun 30, 2021 • Filed on May 06, 2022

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

26th percentile

0.00x

Higher debt load relative to assets than 26% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

46th percentile

0.07x

Higher debt load relative to revenue than 46% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

81st percentile

40%

Higher net margin than 81% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

56th percentile

12%

Faster asset growth than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-1.5%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$2,712,614

Up $293,609 (+12%) from 2018

Net Assets

Up

$2,699,058

Up $304,591 (+13%) from 2018

Liabilities

Down

$13,556

Down $10,982 (-45%) from 2018

Revenue And Expenses
Liabilities / Revenue46th percentileNet Margin81st percentile

Revenue

Up

$191,107

Up $45,401 (+31%) from 2018

Expenses

Up

$114,634

Up $10,475 (+10%) from 2018

Net Income

Up

$76,473

Up $34,926 (+84%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth56th 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 2021: $2,712,614Liabilities 2021: $13,556Net Assets 2021: $2,699,0582021Assets 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

2021

Assets$2,712,614
Liabilities$13,556
Net Assets$2,699,058
Open 2021 Filing

Operations Trend

Revenue Growth29th 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 2021: $191,107Expenses 2021: $114,634Net Income 2021: $76,4732021Revenue 2022: $100,939Expenses 2022: $227,357Net Income 2022: -$126,4182022Revenue 2025: $318,179Expenses 2025: $145,386Net Income 2025: $172,7932025

Highlighted filing

2021

Revenue$191,107
Expenses$114,634
Net Income$76,473
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 6, 2022
Return Version
2020v4.0
Gross Receipts
$783,464
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$2,355,690$2,668,892▲ $313,202
Cash and Non-Interest-Bearing Accounts$27,986$39,430▲ $11,444
Accounts Receivable$27,824$4,292▼ $23,532
Total Assets$2,411,500$2,712,614▲ $301,114
Liabilities
Accounts Payable and Accrued Expenses$28,022$13,556▼ $14,466
Total Liabilities$28,022$13,556▼ $14,466
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,317,441$2,578,548▲ $261,107
Net Assets Without Donor Restrictions$66,037$120,510▲ $54,473
Total Net Assets Fund Balance$2,383,478$2,699,058▲ $315,580
Total Liabilities and Net Assets / Fund Balance$2,411,500$2,712,614▲ $301,114

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$824,530-▲ $203,029-$1,003,359
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
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Craig SlaughterChair
Rick AtkinsonChair
John FrisbyVice-chair
Carl KennedyDirector
Sue ForsbreyDirector
Rob VanaterSecretary
Sarah MartinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$123,368
Program Service Revenue
$0
Investment Income
$65,799
Other Revenue
$1,940
All Other Contributions
$116,776
Change in Net Assets
$76,473

Audited Revenue Reconciliation

Revenue per Audited Statements
$174,786
Revenue Not Reported on Financial Statements
$16,321
Revenue Not Reported on Form 990
$245,919
Total Revenue per Audited Statements
$420,705
Total Revenue per Form 990
$191,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$75,318
Other Expenses$39,316
Total Fundraising Expense$1,878
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$75,318--$75,318
Fees for Service Investment Mgmnt Fees-$16,321-$16,321
Fees for Services Accounting-$14,405-$14,405
Insurance-$959-$959
All Other Expenses-$537-$537
Other Expenses-$287$1,878$287
Office Expenses-$38-$38
Total Functional Expenses$75,318$37,438$1,878$114,634

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$114,634
Total Expenses per Audited Statements$105,125
Expenses per Audited Statements$98,313
Expenses Not Reported on Financial Statements$16,321
Expenses Not Reported on Form 990$6,812
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Bridgevalley Community & TechnicalSouth Charleston, WV501c3Educational Support$43,588
Bridgevalley Community & TechnicalSouth Charleston, WV501c3Scholarships$31,730
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,620
Professional Fundraising Fees$0
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 9

“CRAIG SLAUGHTER”

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
Rick Atkinson
Title
Chair
Phone
3047346611
Signed
2022-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rick Atkinson
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.”

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.”

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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.
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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/ExplanationTxt1CRAIG SLAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3ANNUALLY, 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/ExplanationTxt4THE 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/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,712,614
Liabilities
$13,556
Net assets
$2,699,058
Revenue
$191,107
Expenses
$114,634
Net income
$76,473
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
2021Detailed filing. Detailed filing data is available for this year.$2.71$0.01$2.70$0.19$0.11$0.08
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