Civic Intelligence

West Virginia University Alumni Association Loyalty Permanent Endo

990 • Fiscal year 2020 • EIN 55-0450592

Jul 01, 2019 to Jun 30, 2020 • Filed on Apr 26, 2021

Organization Profile
496 High StMorgantown, WV 26505

(304) 285-2361

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

5th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

5th percentile

-66%

Higher net margin than 5% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

16th percentile

$47,509

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 13.6% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

19th percentile

-2.2%

Faster asset growth than 19% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

13th percentile

-32%

Faster revenue growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets5th percentile

Assets

Down

$13,722,898

Down $307,039 (-2.2%) from 2019

Net Assets

Down

$13,722,898

Down $307,039 (-2.2%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue5th percentileNet Margin5th percentile

Revenue

Down

$348,795

Down $161,848 (-32%) from 2019

Expenses

Down

$577,771

Down $45,478 (-7.3%) from 2019

Net Income

Down

-$228,976

Down $116,370 (-103%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $11,818,121Liabilities 2011: $0Net Assets 2011: $11,818,1212011Assets 2012: $11,396,241Liabilities 2012: $399Net Assets 2012: $11,395,8422012Assets 2013: $12,091,425Liabilities 2013: $0Net Assets 2013: $12,091,4252013Assets 2014: $13,534,514Liabilities 2014: $42Net Assets 2014: $13,534,4722014Assets 2015: $13,520,648Liabilities 2015: $0Net Assets 2015: $13,520,6482015Assets 2016: $12,362,626Liabilities 2016: $0Net Assets 2016: $12,362,6262016Assets 2017: $13,225,236Liabilities 2017: $1,504Net Assets 2017: $13,223,7322017Assets 2018: $13,684,782Liabilities 2018: $1,489Net Assets 2018: $13,683,2932018Assets 2019: $14,029,937Liabilities 2019: $0Net Assets 2019: $14,029,9372019Assets 2020: $13,722,898Liabilities 2020: $0Net Assets 2020: $13,722,8982020Assets 2021: $16,950,235Liabilities 2021: $1,498Net Assets 2021: $16,948,7372021Assets 2022: $14,439,407Liabilities 2022: $11,999Net Assets 2022: $14,427,4082022Assets 2023: $15,003,008Liabilities 2023: $11,999Net Assets 2023: $14,991,0092023Assets 2024: $16,613,738Liabilities 2024: $0Net Assets 2024: $16,613,7382024Assets 2025: $17,652,237Liabilities 2025: $0Net Assets 2025: $17,652,2372025

Highlighted filing

2020

Assets$13,722,898
Liabilities$0
Net Assets$13,722,898
Open 2020 Filing

Operations Trend

Revenue Growth13th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $733,311Expenses 2011: $587,281Net Income 2011: $146,0302011Revenue 2012: $880,375Expenses 2012: $580,560Net Income 2012: $299,8152012Expenses 2013: $590,1912013Revenue 2014: $1,071,875Expenses 2014: $653,089Net Income 2014: $418,7862014Revenue 2015: $1,527,856Expenses 2015: $705,977Net Income 2015: $821,8792015Revenue 2016: $468,387Expenses 2016: $790,341Net Income 2016: -$321,9542016Revenue 2017: $891,314Expenses 2017: $724,502Net Income 2017: $166,8122017Revenue 2018: $861,326Expenses 2018: $697,369Net Income 2018: $163,9572018Revenue 2019: $510,643Expenses 2019: $623,249Net Income 2019: -$112,6062019Revenue 2020: $348,795Expenses 2020: $577,771Net Income 2020: -$228,9762020Revenue 2021: $1,354,020Expenses 2021: $703,393Net Income 2021: $650,6272021Revenue 2022: $1,295,710Expenses 2022: $653,803Net Income 2022: $641,9072022Revenue 2023: $1,732,189Expenses 2023: $506,771Net Income 2023: $1,225,4182023Revenue 2024: $638,247Expenses 2024: $338,040Net Income 2024: $300,2072024Revenue 2025: $2,084,480Expenses 2025: $309,330Net Income 2025: $1,775,1502025

Highlighted filing

2020

Revenue$348,795
Expenses$577,771
Net Income-$228,976
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Apr 26, 2021
Return Version
2019v5.0
Gross Receipts
$6,053,813
Mission and Program Overview

Mission

Provide scholarships to west virginia university students

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$13,828,603$12,924,676▼ $903,927
Savings and Temporary Cash Investments$182,789$787,523▲ $604,734
Prepaid Expenses and Deferred Charges$18,525$10,679▼ $7,846
Land, Buildings, and Equipment, Net$20$20→ $0
Total Assets$14,029,937$13,722,898▼ $307,039
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,952,616$13,644,899▼ $307,717
Net Assets With Donor Restrictions$77,321$77,999▲ $678
Total Net Assets Fund Balance$14,029,937$13,722,898▼ $307,039
Total Liabilities and Net Assets / Fund Balance$14,029,937$13,722,898▼ $307,039

Asset Categories

AssetBook ValueDepreciationBasis
Land$20-$20

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$77,321-▲ $946-$77,999
2018$73,315-▲ $4,264-$77,321
2017$67,711-▲ $5,852-$73,315
2016$61,406-▲ $6,536-$67,711
2015$60,968-▲ $653-$61,406
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Kevin BerryTrusteePT$47,509$47,509

Board Members and Trustees

NameTitle
-Executive Se
Revenue and Support

Revenue Composition

Contributions and Grants
$95,783
Program Service Revenue
$0
Investment Income
$252,887
Other Revenue
$125
All Other Contributions
$95,783
Change in Net Assets
$-228,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$495,750
Other Expenses$82,021
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$495,750--$495,750
Occupancy-$12,000-$12,000
Office Expenses-$6,156-$6,156
Fees for Services Accounting-$1,300-$1,300
Conferences and Meetings-$875-$875
Other Expenses-$191-$191
Total Functional Expenses$495,750$82,021$0$577,771
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
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
No
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 9

“James c. Gardill 496 high st morgantown, wv 26505 the honorable irene c. Berger 496 high st. Morgantown, wv 26505 david k. Hendrickson 496 high st. Morgantown, wv 26505”

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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
West Virginia University Alumni
EIN
55-0450592
Address
496 HIGH ST, MORGANTOWN, WV 26505

Signing Officer

Name
Bbt Trust Department
Title
Trustee
Phone
3042852361
Signed
2021-04-26
Discuss with paid preparer
Yes

Organization Details

Formed
1937
Legal Domicile
Wv
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Lambright & Gutta Pllc
Address
1199 VAN VOORHIS ROAD STE 6, MORGANTOWN, WV 26505
Preparer
Kimberly a Gutta CPA
Phone
3045993185
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

“The west virginia university alumni association loyalty permanent endowment fund was established by the west virginia university alumni association by trust indenture dated 12/31/37. The alumni associaiton is an exempt organization under section 501(c)6 of the irc by exemption letter dated 2/3/53 and the fund is exempt under section 501 (c) of the code by letter dated 11/20/46.the trust indenture directs that the net income from the fund is to be made available to the trust committee which is composed of duly appointed members of the alumni association to be used by the committee to carry out specified purposes of the alumni assoc. Those purposes as specified in the trust indenture are to provide funds for maintenance and administrative expenses at wvu and to provide scholarships at west virginia university to students selected by the trust committee.”

Form 990, Part XI, Line 9

“Unrealized gain on investments 0 rounding 0 unrealized losses on investments -78,063 total -78,063”

Raw XML Appendix340 raw XML fields

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

Path#Value
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IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GrossReceiptsAmt06053813
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
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IRS990/InvestmentInJointVentureInd0false
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IRS990/IRPDocumentCnt00
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IRS990/LoanOutstandingInd0false
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IRS990/LocalChaptersInd0false
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0231
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt061406
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt067711
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt06536
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0215
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt060968
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt061406
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0653
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/LandGrp/BookValueAmt020
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt020
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0495750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0APPLICANTS FILL OUT SCHOLARSHIP APPLICATION, AND THE COMMITTEE GRANTS SCHOLARSHIPS TO THOSE THAT QUALIFY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE WEST VIRGINIA UNIVERSITY ALUMNI ASSOCIATION LOYALTY PERMANENT ENDOWMENT FUND WAS ESTABLISHED BY THE WEST VIRGINIA UNIVERSITY ALUMNI ASSOCIATION BY TRUST INDENTURE DATED 12/31/37. THE ALUMNI ASSOCIAITON IS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)6 OF THE IRC BY EXEMPTION LETTER DATED 2/3/53 AND THE FUND IS EXEMPT UNDER SECTION 501 (C) OF THE CODE BY LETTER DATED 11/20/46.THE TRUST INDENTURE DIRECTS THAT THE NET INCOME FROM THE FUND IS TO BE MADE AVAILABLE TO THE TRUST COMMITTEE WHICH IS COMPOSED OF DULY APPOINTED MEMBERS OF THE ALUMNI ASSOCIATION TO BE USED BY THE COMMITTEE TO CARRY OUT SPECIFIED PURPOSES OF THE ALUMNI ASSOC. THOSE PURPOSES AS SPECIFIED IN THE TRUST INDENTURE ARE TO PROVIDE FUNDS FOR MAINTENANCE AND ADMINISTRATIVE EXPENSES AT WVU AND TO PROVIDE SCHOLARSHIPS AT WEST VIRGINIA UNIVERSITY TO STUDENTS SELECTED BY THE TRUST COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JAMES C. GARDILL 496 HIGH ST MORGANTOWN, WV 26505 THE HONORABLE IRENE C. BERGER 496 HIGH ST. MORGANTOWN, WV 26505 DAVID K. HENDRICKSON 496 HIGH ST. MORGANTOWN, WV 26505
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNREALIZED GAIN ON INVESTMENTS 0 ROUNDING 0 UNREALIZED LOSSES ON INVESTMENTS -78,063 TOTAL -78,063
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt014029937
IRS990/TotalAssetsEOYAmt013722898
IRS990/TotalAssetsGrp/BOYAmt014029937
IRS990/TotalAssetsGrp/EOYAmt013722898
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt095783
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt082021
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0495750
IRS990/TotalFunctionalExpensesGrp/TotalAmt0577771
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014029937
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013722898
IRS990/TotalProgramServiceExpensesAmt0495750
IRS990/TotalReportableCompFromOrgAmt047509
IRS990/TotalRevenueGrp/ExclusionAmt0319059
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-66047
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0348795
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014029937
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt013722898
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationTrustInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0496 HIGH STREET
IRS990/USAddress/AddressLine2Txt0496 HIGH ST
IRS990/USAddress/CityNm0MORGANTOWN
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd026505
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BBT TRUST DEPARTMENT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE
ReturnHeader/BusinessOfficerGrp/PhoneNum03042852361
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-04-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WEST VIRGINIA UNIVERSITY ALUMNI
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ASSOC LOYALTY PERMANENT ENDOWMENT
ReturnHeader/Filer/BusinessNameControlTxt0WEST
ReturnHeader/Filer/EIN0550450592
ReturnHeader/Filer/USAddress/AddressLine1Txt0496 HIGH ST
ReturnHeader/Filer/USAddress/CityNm0MORGANTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
ReturnHeader/Filer/USAddress/ZIPCd026505
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0550761217
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LAMBRIGHT & GUTTA PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01199 VAN VOORHIS ROAD STE 6
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MORGANTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0WV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd026505
ReturnHeader/PreparerPersonGrp/PhoneNum03045993185
ReturnHeader/PreparerPersonGrp/PreparationDt02021-04-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY A GUTTA CPA
ReturnHeader/ReturnTs02021-05-06T12:14:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$13,722,898
Liabilities
$0
Net assets
$13,722,898
Revenue
$348,795
Expenses
$577,771
Net income
-$228,976
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$0.00$17.7$2.08$0.31$1.78
2024Detailed filing. Detailed filing data is available for this year.$16.6$0.00$16.6$0.64$0.34$0.30
2023Detailed filing. Detailed filing data is available for this year.$15.0$0.01$15.0$1.73$0.51$1.23
2022Detailed filing. Detailed filing data is available for this year.$14.4$0.01$14.4$1.30$0.65$0.64
2021Detailed filing. Detailed filing data is available for this year.$17.0$0.00$16.9$1.35$0.70$0.65
2020Detailed filing. Detailed filing data is available for this year.$13.7$0.00$13.7$0.35$0.58$0.23
2019Detailed filing. Detailed filing data is available for this year.$14.0$0.00$14.0$0.51$0.62$0.11
2018Detailed filing. Detailed filing data is available for this year.$13.7$0.00$13.7$0.86$0.70$0.16
2017Detailed filing. Detailed filing data is available for this year.$13.2$0.00$13.2$0.89$0.72$0.17
2016Detailed filing. Detailed filing data is available for this year.$12.4$0.00$12.4$0.47$0.79$0.32
2015Detailed filing. Detailed filing data is available for this year.$13.5$0.00$13.5$1.53$0.71$0.82
2014Detailed filing. Detailed filing data is available for this year.$13.5$0.00$13.5$1.07$0.65$0.42
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$0.00$12.1$0.59
2012Summary only. Only limited summary data is available for this year.$11.4$0.00$11.4$0.88$0.58$0.30
2011Summary only. Only limited summary data is available for this year.$11.8$0.00$11.8$0.73$0.59$0.15