Civic Intelligence

Alderson-Broaddus Endowment Corporation

990 • Fiscal year 2014 • EIN 55-0652324

Jul 01, 2013 to Jun 30, 2014 • Filed on May 14, 2015

Organization ProfileN/A
101 College Hill Drive Box 200426416

(304) 457-1700

Siviq Scores

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

Liabilities / Assets

59th percentile

0.19x

Higher debt load relative to assets than 59% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

99th percentile

25.72x

Higher debt load relative to revenue than 99% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

18th percentile

-13%

Higher net margin than 18% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

37th percentile

-0.9%

Faster asset growth than 37% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

12th percentile

-22%

Faster revenue growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$3,694,089

Down $33,247 (-0.9%) from 2013

Net Assets

Up

$3,006,746

Up $27,808 (+0.9%) from 2013

Liabilities

Down

$687,343

Down $61,055 (-8.2%) from 2013

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin18th percentile

Revenue

Down

$26,721

Down $7,713 (-22%) from 2013

Expenses

Down

$30,195

Down $83,523 (-73%) from 2013

Net Income

Up

-$3,474

Up $75,810 (+96%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$40M$20M$0-$20M-$40MAssets 2011: $3,677,793Liabilities 2011: $1,020,432Net Assets 2011: $2,657,3612011Assets 2012: $4,089,335Liabilities 2012: $965,860Net Assets 2012: $3,123,4752012Assets 2013: $3,727,336Liabilities 2013: $748,398Net Assets 2013: $2,978,9382013Assets 2014: $3,694,089Liabilities 2014: $687,343Net Assets 2014: $3,006,7462014Assets 2016: $4,634,850Liabilities 2016: $461,359Net Assets 2016: $4,173,4912016Assets 2017: $4,630,449Liabilities 2017: $752,933Net Assets 2017: $3,877,5162017Assets 2018: $4,562,669Liabilities 2018: $801,926Net Assets 2018: $3,760,7432018Assets 2019: $33,456,294Liabilities 2019: $29,635,441Net Assets 2019: $3,820,8532019Assets 2020: $32,235,027Liabilities 2020: $28,997,804Net Assets 2020: $3,237,2232020Assets 2021: $33,473,247Liabilities 2021: $29,422,688Net Assets 2021: $4,050,5592021Assets 2022: $33,474,335Liabilities 2022: $28,895,099Net Assets 2022: $4,579,2362022Assets 2023: $34,924,335Liabilities 2023: $30,345,099Net Assets 2023: $4,579,2362023Assets 2024: $4,653,485Liabilities 2024: $26,971,539Net Assets 2024: -$22,318,0542024Assets 2025: $4,677,244Liabilities 2025: $26,971,539Net Assets 2025: -$22,294,2952025

Highlighted filing

2014

Assets$3,694,089
Liabilities$687,343
Net Assets$3,006,746
Open 2014 Filing

Operations Trend

Revenue Growth12th percentile

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

$10M$0-$10M-$20M-$30MRevenue 2011: $82,689Expenses 2011: $82,957Net Income 2011: -$2682011Expenses 2012: $58,0292012Revenue 2013: $34,434Expenses 2013: $113,718Net Income 2013: -$79,2842013Revenue 2014: $26,721Expenses 2014: $30,195Net Income 2014: -$3,4742014Revenue 2016: $961,213Expenses 2016: $16,313Net Income 2016: $944,9002016Revenue 2017: $3,343Expenses 2017: $11,277Net Income 2017: -$7,9342017Revenue 2018: -$63,513Expenses 2018: $7,608Net Income 2018: -$71,1212018Revenue 2019: $664,587Expenses 2019: $620,757Net Income 2019: $43,8302019Revenue 2020: $553,243Expenses 2020: $1,099,975Net Income 2020: -$546,7322020Revenue 2021: $1,110,690Expenses 2021: $1,100,512Net Income 2021: $10,1782021Revenue 2022: $6,656Expenses 2022: $469,703Net Income 2022: -$463,0472022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: -$26,816,390Expenses 2024: $80,900Net Income 2024: -$26,897,2902024Revenue 2025: $41,563Expenses 2025: $17,804Net Income 2025: $23,7592025

Highlighted filing

2014

Revenue$26,721
Expenses$30,195
Net Income-$3,474
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
May 14, 2015
Return Version
2013v4.0
Gross Receipts
$26,721
Mission and Program Overview

Mission

Support alderson broaddus university, inc

Provide support to alderson-broaddus university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$3,392,570$3,392,570→ $0
Land, Buildings, and Equipment, Net$307,831$301,519▼ $6,312
Savings and Temporary Cash Investments$26,935--
Total Assets$3,727,336$3,694,089▼ $33,247
Liabilities
Other Liabilities$651,052$603,837▼ $47,215
Mortgage Notes Payable Secured by Investment Property$95,958$83,056▼ $12,902
Accounts Payable and Accrued Expenses$938--
Deferred Revenue$450$450→ $0
Total Liabilities$748,398$687,343▼ $61,055
Net Assets / Fund Balance
Permanently Rstr Net Assets$1,783,754$1,790,952▲ $7,198
Unrestricted Net Assets$711,745$734,284▲ $22,539
Temporarily Rstr Net Assets$483,439$481,510▼ $1,929
Total Net Assets Fund Balance$2,978,938$3,006,746▲ $27,808
Total Liabilities and Net Assets / Fund Balance$3,727,336$3,694,089▼ $33,247

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$170,519$18,936$189,455
Land$131,000-$131,000

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$1,558,933---$1,558,933
2012$1,558,933---$1,558,933
2011$1,557,171-▲ $1,762-$1,558,933
2010$1,547,305-▲ $9,886-$1,557,171
2009$1,525,277-▼ $22,028-$1,547,305
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Ronald L BurbickPresident
Jay NussellSecretary
Worth M HelmsTreasurer
Richard CreehanVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$9,400
Investment Income
$48
Other Revenue
$17,273
Change in Net Assets
$-3,474
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$21,769
Grants and Similar Amounts Paid$8,426
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$8,426--$8,426
Fees for Services Other$8,365--$8,365
Depreciation Depletion$6,312--$6,312
Interest$5,055--$5,055
Other Expenses$84--$84
Total Functional Expenses$30,195$0$0$30,195
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Split Interest Agreement Obligations$417,102
Due to Related Organization$186,735
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is prepared by independent auditors of the entity with information provided by staff of the related organization, alderson- broaddus university. The form is then reviewed for completeness and accuracy by the staff of the university.”

Form 990, Page 6, Part VI, Line 19

“Copies of the organization's governing documents, conflict of interest policy, and financial statements are made available upon request from members of the public.”

Filing and Contact Details

Filer

EIN
55-0652324
Phone
3044571700

Signing Officer

Name
Bruce Blankenship
Title
VP of Finance Ab University
Phone
3044571700
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bruce Blankenship
Formed
1976
Legal Domicile
Wv
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Preparer
Melissa Price
Phone
3043458400
Supplemental Narrative

Additional Explanations

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

“Other program service expenses”

Form 990, Part IX, Line 11G

“Professional fees 8,365 0 0”

Financial Statement Notes

Schedule D, Page 4, Part XIII

“Part xiii - supplemental financial information part v, line 4 - intended for uses for endowment funds approximately 95% of the endowed funds are held to support scholarships to students at alderson-broaddus university. The balance is to support five charitable remainder unitrusts that are designed to support scholarships at maturity.”

Raw XML Appendix363 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PART XIII - SUPPLEMENTAL FINANCIAL INFORMATION PART V, LINE 4 - INTENDED FOR USES FOR ENDOWMENT FUNDS APPROXIMATELY 95% OF THE ENDOWED FUNDS ARE HELD TO SUPPORT SCHOLARSHIPS TO STUDENTS AT ALDERSON-BROADDUS UNIVERSITY. THE BALANCE IS TO SUPPORT FIVE CHARITABLE REMAINDER UNITRUSTS THAT ARE DESIGNED TO SUPPORT SCHOLARSHIPS AT MATURITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICE EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY INDEPENDENT AUDITORS OF THE ENTITY WITH INFORMATION PROVIDED BY STAFF OF THE RELATED ORGANIZATION, ALDERSON- BROADDUS UNIVERSITY. THE FORM IS THEN REVIEWED FOR COMPLETENESS AND ACCURACY BY THE STAFF OF THE UNIVERSITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COPIES OF THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST FROM MEMBERS OF THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROFESSIONAL FEES 8,365 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10ALDERSON-BROADDUS UNIVERSITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0550357072
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt04 YR COLLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10101 COLLEGE HILL DRIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0PHILIPPI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0WV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode026416
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0true
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0483439
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0481510
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03727336
IRS990/TotalAssetsEOYAmt03694089
IRS990/TotalAssetsGrp/BOYAmt03727336
IRS990/TotalAssetsGrp/EOYAmt03694089
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt030195
IRS990/TotalFunctionalExpensesGrp/TotalAmt030195
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0748398
IRS990/TotalLiabilitiesEOYAmt0687343
IRS990/TotalLiabilitiesGrp/BOYAmt0748398
IRS990/TotalLiabilitiesGrp/EOYAmt0687343
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02978938
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03006746
IRS990/TotalOtherProgSrvcExpenseAmt021769
IRS990/TotalProgramServiceExpensesAmt030195
IRS990/TotalProgramServiceRevenueAmt09400
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026721
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt026721
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03727336
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03694089
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0711745
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0734284
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10100 COLLEGE HILL ROAD
IRS990/USAddress/City0PHILIPPI
IRS990/USAddress/State0WV
IRS990/USAddress/ZIPCode0264166004
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRUCE BLANKENSHIP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VP OF FINANCE AB UNIVERSITY
ReturnHeader/BusinessOfficerGrp/PhoneNum03044571700
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine10ALDERSON-BROADDUS ENDOWMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0ALDE
ReturnHeader/Filer/EIN0550652324
ReturnHeader/Filer/PhoneNum03044571700
ReturnHeader/Filer/USAddress/AddressLine10101 COLLEGE HILL DRIVE BOX 2004
ReturnHeader/Filer/USAddress/City0PHILIPPI
ReturnHeader/Filer/USAddress/State0WV
ReturnHeader/Filer/USAddress/ZIPCode026416
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0550738985
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10GIBBONS & KAWASH AC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10707 VIRGINIA ST E STE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0CHARLESTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0WV
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0253012724
ReturnHeader/PreparerPersonGrp/PhoneNum03043458400
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MELISSA PRICE
ReturnHeader/ReturnTs02015-05-15T12:23:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,694,089
Liabilities
$687,343
Net assets
$3,006,746
Revenue
$26,721
Expenses
$30,195
Net income
-$3,474
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.68$27.0$22.3$0.04$0.02$0.02
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.65$27.0$22.3$26.8$0.08$26.9
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.9$30.3$4.58$0.00$0.00$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.5$28.9$4.58$0.01$0.47$0.46
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.5$29.4$4.05$1.11$1.10$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.2$29.0$3.24$0.55$1.10$0.55
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.5$29.6$3.82$0.66$0.62$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.56$0.80$3.76$0.06$0.01$0.07
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.63$0.75$3.88$0.00$0.01$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.63$0.46$4.17$0.96$0.02$0.94
2014Detailed filing. Detailed filing data is available for this year.$3.69$0.69$3.01$0.03$0.03$0.00
2013Summary only. Only limited summary data is available for this year.$3.73$0.75$2.98$0.03$0.11$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.09$0.97$3.12$0.06
2011Summary only. Only limited summary data is available for this year.$3.68$1.02$2.66$0.08$0.08$0.00