Civic Intelligence

Beckley Area Foundation Inc.

990 • Fiscal year 2018 • EIN 31-1125328

Apr 01, 2017 to Mar 31, 2018 • Filed on Jun 15, 2018

129 Main Street No 301Beckley, WV 25801

(304) 253-3806

Siviq Scores

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

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

9th percentile

0.03x

Higher debt load relative to revenue than 9% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

89th percentile

44%

Higher net margin than 89% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

10th percentile

$77,816

Higher top officer pay than 10% of similar nonprofits.

Top officer pay equals 2.6% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

63rd percentile

5.6%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

87th percentile

42%

Faster revenue growth than 87% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$41,486,875

Up $2,203,959 (+5.6%) from 2017

Net Assets

Up

$41,399,708

Up $2,177,803 (+5.6%) from 2017

Liabilities

Up

$87,167

Up $26,156 (+43%) from 2017

Revenue

Up

$2,962,944

Up $877,378 (+42%) from 2017

Expenses

Down

$1,645,924

Down $2,204 (-0.1%) from 2017

Net Income

Up

$1,317,020

Up $879,582 (+201%) from 2017

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2015: $37,446,904Liabilities 2015: $35,079Net Assets 2015: $37,411,8252015Assets 2016: $36,524,784Liabilities 2016: $79,468Net Assets 2016: $36,445,3162016Assets 2017: $39,282,916Liabilities 2017: $61,011Net Assets 2017: $39,221,9052017Assets 2018: $41,486,875Liabilities 2018: $87,167Net Assets 2018: $41,399,7082018Assets 2019: $42,371,477Liabilities 2019: $118,028Net Assets 2019: $42,253,4492019Assets 2020: $39,045,727Liabilities 2020: $187,504Net Assets 2020: $38,858,2232020Assets 2021: $50,852,690Liabilities 2021: $268,373Net Assets 2021: $50,584,3172021Assets 2022: $64,066,072Liabilities 2022: $354,810Net Assets 2022: $63,711,2622022Assets 2023: $60,688,007Liabilities 2023: $48,714Net Assets 2023: $60,639,2932023Assets 2024: $74,023,113Liabilities 2024: $18,053Net Assets 2024: $74,005,0602024Assets 2025: $79,172,107Liabilities 2025: $52,574Net Assets 2025: $79,119,5332025

Highlighted filing

2018

Assets$41,486,875
Liabilities$87,167
Net Assets$41,399,708

Operations Trend

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

$20M$15M$10M$5.0M$0Revenue 2015: $3,051,491Expenses 2015: $1,439,912Net Income 2015: $1,611,5792015Revenue 2016: $2,195,567Expenses 2016: $1,405,814Net Income 2016: $789,7532016Revenue 2017: $2,085,566Expenses 2017: $1,648,128Net Income 2017: $437,4382017Revenue 2018: $2,962,944Expenses 2018: $1,645,924Net Income 2018: $1,317,0202018Revenue 2019: $3,752,185Expenses 2019: $1,865,410Net Income 2019: $1,886,7752019Revenue 2020: $2,527,673Expenses 2020: $1,897,179Net Income 2020: $630,4942020Revenue 2021: $2,563,601Expenses 2021: $2,107,440Net Income 2021: $456,1612021Revenue 2022: $16,558,087Expenses 2022: $2,145,495Net Income 2022: $14,412,5922022Revenue 2023: $4,467,832Expenses 2023: $2,341,381Net Income 2023: $2,126,4512023Revenue 2024: $9,766,173Expenses 2024: $2,300,697Net Income 2024: $7,465,4762024Revenue 2025: $9,354,960Expenses 2025: $3,952,546Net Income 2025: $5,402,4142025

Highlighted filing

2018

Revenue$2,962,944
Expenses$1,645,924
Net Income$1,317,020
Jump To
Filing Snapshot
Filing Period
Apr 1, 2017 to Mar 31, 2018
Signed
Jun 15, 2018
Return Version
2017v2.2
Gross Receipts
$14,398,782
Mission and Program Overview

Mission

To build a better area in which all of its citizens can enjoy life, work, play and retirement.

To build a better area in which all of its citizens can enjoy life - work, play and retirement.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$37,947,253$40,496,070▲ $2,548,817
Savings and Temporary Cash Investments$953,217$686,513▼ $266,704
Cash and Non-Interest-Bearing Accounts$120,989$115,581▼ $5,408
Land, Buildings, and Equipment, Net$66,589$64,372▼ $2,217
Prepaid Expenses and Deferred Charges$22,619$9,694▼ $12,925
Total Assets$39,282,916$41,486,875▲ $2,203,959
Other Assets Total$172,249$114,645▼ $57,604
Liabilities
Grants Payable$26,186$50,499▲ $24,313
Deferred Revenue$30,140$30,121▼ $19
Accounts Payable and Accrued Expenses$4,685$6,547▲ $1,862
Total Liabilities$61,011$87,167▲ $26,156
Net Assets / Fund Balance
Permanently Rstr Net Assets$25,913,381$26,425,031▲ $511,650
Temporarily Rstr Net Assets$7,106,063$8,331,056▲ $1,224,993
Unrestricted Net Assets$6,202,461$6,643,621▲ $441,160
Total Net Assets Fund Balance$39,221,905$41,399,708▲ $2,177,803
Total Liabilities and Net Assets / Fund Balance$39,282,916$41,486,875▲ $2,203,959

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,823$34,713$49,536
Land$45,813-$45,813
Leasehold Improvements$3,736$2,540$6,276

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$39,045,542$598,142▲ $3,223,907-$41,255,744
2016$36,265,110$911,080▲ $3,484,422-$39,045,542
2015$37,249,025$668,571▼ $266,743-$36,265,110
2014$34,932,676$1,583,861▲ $2,082,743-$37,249,025
2013$31,398,817$1,931,352▲ $2,465,758-$34,932,676
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dena CushmanExecutive Director / CFOFT$77,816$77,816
Susan LandisExecutive DirectorFT$24,821$24,821
Rebecca WilliamsCFOFT$5,923$5,923

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$599,238
Program Service Revenue
$0
Investment Income
$2,363,706
Other Revenue
$0
All Other Contributions
$599,238
Change in Net Assets
$1,317,020

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 AmountValuation Method
Securities Publicly Traded8$77,236Publicly Traded Stock
Total Noncash Contributions8$77,236-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,962,944
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$860,783
Total Revenue per Audited Statements
$3,823,727
Total Revenue per Form 990
$2,962,944
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,242,702
Salaries, Compensation, and Employee Benefits$220,792
Other Expenses$182,430
Total Fundraising Expense$2,356
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,242,702--$1,242,702
Current Officers, Directors, Trustees, and Key Employees-$114,516$1,157$115,673
Fees for Service Investment Mgmnt Fees-$102,830-$102,830
Other Salaries and Wages-$88,535$894$89,429
Payroll Taxes-$15,533$157$15,690
Office Expenses-$14,653$148$14,801
Information Technology-$13,035-$13,035
Fees for Services Accounting-$10,000-$10,000
Fees for Services Other-$6,994-$6,994
Occupancy-$6,960-$6,960
Advertising-$5,875-$5,875
Conferences and Meetings-$5,335-$5,335
Depreciation Depletion-$5,080-$5,080
Insurance-$4,847-$4,847
All Other Expenses-$1,941-$1,941
Travel-$1,249-$1,249
Other Expenses$480$3,003-$480
Total Functional Expenses$1,243,182$400,386$2,356$1,645,924

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,645,924
Total Expenses per Audited Statements$1,645,924
Total Expenses per Form 990$1,645,924
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of BeckleyBeckley, WVGovAnnual Distribution and Fence at Park$74,501
Humane Society of Raleigh CountyBeckley, WV501(c)(3)Annual Distribution and Spay / Neuter Program$69,292
Beckley Presbyterian ChurchBeckley, WVChurchAnnual Distribution$53,524
Helping Hands Resource CenterBeckley, WV501(c)(3)Food Pantry$27,657
MAC'S TOY FUNDBeckley, WV501(c)(3)Annual Distribution$26,000
Greenbrier Valley TheatreLewisburg, WV501(c)(3)Annual Distribution$25,193
WOMEN'S RESOURCE CENTERBeckley, WV501(c)(3)Annual Distribution$23,492
Ymca of Southern West VirginiaBeckley, WV501(c)(3)Annual Distribution$19,615
Hospice of Southern West Virginia IncBeckley, WV501(c)(3)Annual Distribution and Signs$18,795
Raleigh County Board of EducationBeckley, WVGovSchool Programs$16,946
Just for KidsBeckley, WV501(c)(3)Annual Distribution and Program Support$15,269
University of Charleston - BeckleyBeckley, WV501(c)(3)Annual Distribution$14,011
Salvation ArmyBeckley, WV501(c)(3)Annual Distribution, Program Support$13,389
Hinton Area FoundationHinton, WV501(c)(3)4-h Camp and Grant Program$13,250
BOWER'S HOSPICE HOUSEBeckley, WV501(c)(3)Annual Distribution$13,160
Beckley Little League IncBeaver, WV501(c)(3)Annual Distribution$12,479
West Virginia Public BroadcastingCharleston, WVGovAnnual Distribution$11,518
Beckley Concert AssociationBeckley, WV501(c)(3)Annual Distribution$11,371
THE CARPENTER'S CORNERBeckley, WV501(c)(3)Food Pantry$10,000
Theatre West VirginiaBeckley, WV501(c)(3)Annual Distribution and Digital Sound System$9,986
BRIAN'S SAFEHOUSEBeckley, WV501(c)(3)Program Support and Building Expansion$9,204
United Methodist TempleBeckley, WVChurchAnnual Distribution and F.o.l.k. Program for Children$9,073
United Way of Southern West VirginiaBeckley, WV501(c)(3)Annual Distribution and Replace Heat Pump$8,888
Raleigh County Public LibraryBeckley, WVGovComputer Lab and Literacy Program$8,759
Beckley-stratton Middle SchoolBeckley, WVGovSchool Programs$8,483
Three Rivers Avian CenterHinton, WV501(c)(3)Annual Distribution and Migration Celebration$8,458
Trap Hill-liberty Citizens Scholarship FundBolt, WV501(c)(3)Annual Distribution$8,332
Liberty High SchoolGlen Daniel, WVGovSchool Programs$8,051
WOMAN'S CLUB OF BECKLEYBeckley, WV501(c)(3)Roof Replacement$7,974
Raleigh County Animal RescueCoal City, WV501(c)(3)Spay and Neuter Program$7,924
Friends of New River Gorge National RiverGlen Jean, WV501(c)(3)Program Support$7,500
Woodrow Wilson High SchoolBeckley, WVGovSchool Programs$7,165
Piney Creek Watershed AssociationBeckley, WV501(c)(3)Educational Materials and Bench Project$7,046
Beckley Health Right IncBeckley, WV501(c)(3)Dental Program$7,000
Bread of Life Outreach CenterNaoma, WV501(c)(3)Food Pantry, Building Addition to Kitchen and Bathroom$7,000
Coda Mountain Academy IncFayetteville, WV501(c)(3)Music Festival$7,000
Muster ProjectBeckley, WV501(c)(3)Program Support$7,000
ROYAL FAMILY KIDS' CAMPSBeckley, WV501(c)(3)Support for Summer Camp for Foster Children$7,000
Wvu Foundation IncMorgantown, WV501(c)(3)CHILDREN'S VISION PROJECT FOR RALEIGH COUNTY$7,000
West Virginia Music Hall of Fame IncCharleston, WV501(c)(3)Program Support$6,750
St Stephens Episcopal ChurchBeckley, WVChurchAnnual Distribution$6,519
Mount Hope Heritage and Hope IncMt Hope, WV501(c)(3)Roof Project$6,500
Bradley Elementary SchoolMt Hope, WVGovSchool Programs$6,368
St Francis Desales Catholic SchoolBeckley, WV501(c)(3)Annual Distribution$6,249
Appalachian Bible CollegeMt Hope, WV501(c)(3)Annual Distribution$6,107
Fayette County Public LibraryOak Hill, WVGovAnnual Distribution$6,107
Forward Southern West VirginiaBeckley, WV501(c)(3)Program Funding$6,005
Beckley-raleigh County Health DepartmentBeckley, WVGovEquipment Purchase$6,000
Lillian James Learning CenterCrab Orchard, WV501(c)(3)Vehicle Expenses and Maintenance$5,917
Southern Wv Multiculural MuseumBeckley, WV501(c)(3)Program Support$5,600
First Baptist ChurchBeckley, WVChurchAnnual Distribution$5,091
Wildwood Cemetery Preservation AssociationCrab O, WV501(c)(3)Maintenance of Cemetery$5,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
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, Part VI, Section B, Line 11B

The completed form 990 was presented to the foundation's executive director, cfo and executive committee for review prior to filing.

Form 990, Part VI, Section B, Line 12C

Each employee and director is given a copy of the conflict of interest policy and returns a disclosure of compliance or non-compliance.

Form 990, Part VI, Section B, Line 15A

Executive director's compensation is reviewed annually by the board of directors. Main factors are job performance and compensation of similar positions at comparably sized foundations.

Form 990, Part VI, Section C, Line 19

Beckley area foundation's governing documents, conficts of interest policy, and financial statements are made available to the public upon request. In addition, our financial statement are made available to the public through their publication in our annual report, 4100 copies of which are distributed annually, as well as when we file annually as a charitable organization with the west virginia secretary of state's office.

Filing and Contact Details

Filer

Filer Name
Beckley Area Foundation Inc
EIN
31-1125328
Phone
3042533806
Address
129 MAIN STREET NO 301, BECKLEY, WV 25801

Signing Officer

Name
Dena Cushman
Title
Executive Director
Phone
3042533806
Signed
2018-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dena Cushman
Formed
1985
Legal Domicile
Wv
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
130

Preparer

Firm
RICHMOND & COMPANY CPA'S AC
Address
PO BOX 1204, BECKLEY, WV 25802-1204
Preparer
Rolfe a Richmond
Phone
3042527353
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Change in cash value of life insurance 582.

Financial Statement Notes

PART V, LINE 4:

Income generated by endowment fund investments is used to meet the community's charitable needs by providing grants in the fields of education, health and human services, the arts, public recreation and beautification.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Change in cash value of life insurance

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm6PATTY JOHNSTON
IRS990/Form990PartVIISectionAGrp/PersonNm7TOM LEMKE
IRS990/Form990PartVIISectionAGrp/PersonNm8FOREST H LYNCH
IRS990/Form990PartVIISectionAGrp/PersonNm9LEE MILAM
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IRS990/Form990PartVIISectionAGrp/PersonNm17REBECCA WILLIAMS
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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
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