Civic Intelligence

Alderson-Broaddus Endowment Corporation

EIN 55-0652324 • 501(c)3 • Salem, WV

Profile

Support alderson broaddus university, inc

P O Box 187Salem, WV 26426

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

100th percentile

5.77x

Higher debt load relative to assets than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

100th percentile

648.93x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

91st percentile

57%

Higher net margin than 91% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

40th percentile

0.5%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2024 to 2025

Assets

Up

$4,677,244

Up $23,759 (+0.5%) from 2024

Liabilities

Flat

$26,971,539

Flat from 2024

Net Assets

Up

-$22,294,295

Up $23,759 (+0.1%) from 2024

Revenue

Up

$41,563

Up $26,857,953 (+100%) from 2024

Expenses

Down

$17,804

Down $63,096 (-78%) from 2024

Net Income

Up

$23,759

Up $26,921,049 (+100%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$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

2025

Assets$4,677,244
Liabilities$26,971,539
Net Assets-$22,294,295

Operations Trend

Revenue, expenses, and net income by year, with the latest 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

2025

Revenue$41,563
Expenses$17,804
Net Income$23,759

Filings

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
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2024 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Aug 5, 2025
Return Version
2023v6.0
Gross Receipts
$4,590,597
Mission and Program Overview

Mission

Provide support to alderson broaddus university, inc.

Support alderson broaddus university, inc

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$29,941,034--
Investments Other Securities$3,705,327$4,011,135▲ $305,808
Land, Buildings, and Equipment, Net$1,080,747--
Cash and Non-Interest-Bearing Accounts$197,227$642,350▲ $445,123
Total Assets$34,924,335$4,653,485▼ $30,270,850
Liabilities
Unsecured Notes Loans Payable$29,929,435$26,599,500▼ $3,329,935
Other Liabilities$359,940$316,315▼ $43,625
Accounts Payable and Accrued Expenses$55,724$55,724→ $0
Total Liabilities$30,345,099$26,971,539▼ $3,373,560
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,169,350--
Net Assets Without Donor Restrictions$2,409,886$-22,318,054▼ $24,727,940
Total Net Assets Fund Balance$4,579,236$-22,318,054▼ $26,897,290
Total Liabilities and Net Assets / Fund Balance$34,924,335$4,653,485▼ $30,270,850

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$4,011,135--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Karen LarryPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-26,817,962
Other Revenue
$1,572
Change in Net Assets
$-26,897,290
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$80,900
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$51,500--$51,500
Occupancy$20,623--$20,623
Other Expenses$8,664--$8,664
Insurance$113--$113
Total Functional Expenses$80,900$0$0$80,900
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
Other$316,315
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 8B

Committ meeting minutes, if any are in the governing body minutes.

Form 990, Page 6, Part VI, Line 9

Karen larry 223 ann st philippi, wv 26416

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

No review was or will be done.

Form 990, Page 6, Part VI, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Alderson-broaddus Endowment
EIN
55-0652324
Address
P O BOX 187, SALEM, WV 26426

Signing Officer

Name
Thomas Fluharty
Title
Bankruptcy Trustee
Phone
3046247832
Signed
2025-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Fluharty
Formed
1976
Legal Domicile
Wv
Voting Board Members
0
Independent Board Members
0
Employees
0

Preparer

Firm
Smith Elliott Kearns & Company LLC
Address
19405 EMERALD SQUARE STE 1400, HAGERSTOWN, MD 21742
Preparer
John P Lantzy CPA
Phone
3017335020
Supplemental Narrative

Additional Explanations

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

CLOSE OUT OPERATIONS

Raw XML Appendix270 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/InvestmentsOtherSecuritiesGrp/BOYAmt03705327
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IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt080900
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt01572
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CLOSE OUT OPERATIONS
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KAREN LARRY 223 ANN ST PHILIPPI, WV 26416
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO REVIEW WAS OR WILL BE DONE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC.
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ReasonableCauseExplanation/ExplanationTxt0ENDOWMENT ENTITY DECLARED BANKRUPTCY ALONG WITH THE BENEFICIAL UNIVERSITY. THE RETURN WAS BASED ON THE RECORDS AVAILABLE AND SUMMARIZED TO PREPARE A COMPLETE RETURN AS POSSIBLE.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 187
ReturnHeader/Filer/USAddress/CityNm0SALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
ReturnHeader/Filer/USAddress/ZIPCd026426
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0520783935
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH ELLIOTT KEARNS & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt019405 EMERALD SQUARE STE 1400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAGERSTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021742
ReturnHeader/PreparerPersonGrp/PhoneNum03017335020
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN P LANTZY CPA
ReturnHeader/ReturnTs02025-08-18T12:58:31-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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