Civic Intelligence

New River Community and Technical College Foundation Inc.

990 • Fiscal year 2022 • EIN 55-0677640

Jul 01, 2021 to Jun 30, 2022 • Filed on Jan 05, 2023

280 University DriveBeaver, WV 25813

(304) 929-1042

Siviq Scores

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

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.62x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

63rd percentile

15%

Higher net margin than 63% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

78th percentile

$124,695

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 39.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

17th percentile

-11%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

46th percentile

3.5%

Faster revenue growth than 46% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,245,011

Down $417,010 (-11%) from 2021

Net Assets

Down

$3,049,311

Down $488,872 (-14%) from 2021

Liabilities

Up

$195,700

Up $71,862 (+58%) from 2021

Revenue

Up

$315,337

Up $10,543 (+3.5%) from 2021

Expenses

Up

$269,207

Up $68,078 (+34%) from 2021

Net Income

Down

$46,130

Down $57,535 (-56%) from 2021

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $1,252,983Liabilities 2011: $63,468Net Assets 2011: $1,189,5152011Assets 2012: $1,427,202Liabilities 2012: $50,221Net Assets 2012: $1,376,9812012Assets 2013: $3,218,826Liabilities 2013: $710,980Net Assets 2013: $2,507,8462013Assets 2014: $3,127,834Liabilities 2014: $343,258Net Assets 2014: $2,784,5762014Assets 2015: $2,214,129Liabilities 2015: $246,262Net Assets 2015: $1,967,8672015Assets 2016: $2,360,911Liabilities 2016: $227,163Net Assets 2016: $2,133,7482016Assets 2017: $2,504,672Liabilities 2017: $104,193Net Assets 2017: $2,400,4792017Assets 2018: $2,779,534Liabilities 2018: $145,347Net Assets 2018: $2,634,1872018Assets 2019: $2,868,481Liabilities 2019: $133,500Net Assets 2019: $2,734,9812019Assets 2020: $2,957,481Liabilities 2020: $91,500Net Assets 2020: $2,865,9812020Assets 2021: $3,662,021Liabilities 2021: $123,838Net Assets 2021: $3,538,1832021Assets 2022: $3,245,011Liabilities 2022: $195,700Net Assets 2022: $3,049,3112022Assets 2023: $3,666,488Liabilities 2023: $138,652Net Assets 2023: $3,527,8362023Assets 2024: $4,166,991Liabilities 2024: $230,000Net Assets 2024: $3,936,9912024Assets 2025: $4,429,862Liabilities 2025: $169,500Net Assets 2025: $4,260,3622025

Highlighted filing

2022

Assets$3,245,011
Liabilities$195,700
Net Assets$3,049,311

Operations Trend

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

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2011: $410,896Expenses 2011: $279,536Net Income 2011: $131,3602011Revenue 2012: $458,097Expenses 2012: $276,028Net Income 2012: $182,0692012Expenses 2013: $306,5362013Revenue 2014: $338,462Expenses 2014: $185,178Net Income 2014: $153,2842014Revenue 2015: $326,027Expenses 2015: $1,114,447Net Income 2015: -$788,4202015Revenue 2016: $232,410Expenses 2016: $95,060Net Income 2016: $137,3502016Revenue 2017: $296,877Expenses 2017: $123,690Net Income 2017: $173,1872017Revenue 2018: $362,289Expenses 2018: $209,489Net Income 2018: $152,8002018Revenue 2019: $269,258Expenses 2019: $230,794Net Income 2019: $38,4642019Revenue 2020: $285,561Expenses 2020: $168,747Net Income 2020: $116,8142020Revenue 2021: $304,794Expenses 2021: $201,129Net Income 2021: $103,6652021Revenue 2022: $315,337Expenses 2022: $269,207Net Income 2022: $46,1302022Revenue 2023: $446,820Expenses 2023: $187,090Net Income 2023: $259,7302023Revenue 2024: $431,277Expenses 2024: $375,049Net Income 2024: $56,2282024Revenue 2025: $311,132Expenses 2025: $212,617Net Income 2025: $98,5152025

Highlighted filing

2022

Revenue$315,337
Expenses$269,207
Net Income$46,130
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Jan 5, 2023
Return Version
2021v4.0
Gross Receipts
$336,827
Mission and Program Overview

Mission

The foundaiton's purpose is to aid, strengthen, and further in every proper way the work and services of new river community and technical college, an agency of the state of west viginia. The organzation is operated to receive, hold, invest, and adminster property and to make expenditures for the benefit of new river community & technical college and its students and staff.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,813,777$1,610,785▼ $202,992
Cash and Non-Interest-Bearing Accounts$207,063$262,296▲ $55,233
Pledges and Grants Receivable$25,000$25,000→ $0
Accounts Receivable$3,950$2,775▼ $1,175
Total Assets$3,662,021$3,245,011▼ $417,010
Other Assets Total$1,612,231$1,344,155▼ $268,076
Liabilities
Grants Payable$112,000$182,750▲ $70,750
Accounts Payable and Accrued Expenses$11,838$12,950▲ $1,112
Total Liabilities$123,838$195,700▲ $71,862
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,510,168$3,015,603▼ $494,565
Net Assets Without Donor Restrictions$28,015$33,708▲ $5,693
Total Net Assets Fund Balance$3,538,183$3,049,311▼ $488,872
Total Liabilities and Net Assets / Fund Balance$3,662,021$3,245,011▼ $417,010

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$1,344,155--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$2,199,704$13,226▲ $510,843$-661$2,691,362
2019$2,093,011$78,201▲ $60,367$-3,755$2,199,704
2018$1,947,979$59,930▲ $123,792-$2,093,011
2017$1,702,625$172,383▲ $97,793$36,759$1,947,979
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Michael GreenExecutive DiPT$37,671$87,024$124,695

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$161,515
Program Service Revenue
$0
Investment Income
$117,937
Other Revenue
$35,885
All Other Contributions
$161,515
Change in Net Assets
$46,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$315,337
Revenue Not Reported on Form 990
$-402,477
Total Revenue per Audited Statements
$-87,140
Total Revenue per Form 990
$315,337
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$203,518
Salaries, Compensation, and Employee Benefits$37,671
Other Expenses$28,018
Total Fundraising Expense$24,478
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$203,518--$203,518
Current Officers, Directors, Trustees, and Key Employees$14,426$9,548$13,697$37,671
Fees for Services Accounting$5,026$3,326$4,771$13,123
Travel$2,593$1,717$2,462$6,772
Office Expenses$1,390$920$1,319$3,629
Insurance$895$592$849$2,336
Other Expenses$778-$1,380$778
Total Functional Expenses$228,626$16,103$24,478$269,207

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$401,732
Expenses per Audited Statements$269,207
Total Expenses per Form 990$269,207
Expenses Not Reported on Form 990$132,525
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$57,375
Fundraising Direct Expenses$21,490
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Invitational Ba$57,375$57,375$21,490$35,885
Total Events$57,375$57,375$21,490$35,885
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Ann fort kyle fort director chair family relationship due to the size of the communities served by the foundaton, there is the potential that transactions between board members occur and that they have related party transactions the board members are aware of the these relationships.

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

On or about september 22, 2022 and in advance of the december 8,2022 scheduled board meeting,the board of directors were provided a draft form of this form 990 for their review along with the attached "checklist c501, board review of form 990", which was provided from the preparers resources,specifically practioners publishing company. This checklist provides a structured approach for the individual review of the form 990 and the board members were encouraged to use this as a resource in their individual reviews. They were provided contact information for mark collins, the preparer and ask to pose any questions they may have to him. It is planned that in order for board members to have sufficient time for their reviews that the form 990 will be filed on or about january 5, 2023.

Form 990, Page 6, Part VI, Line 12C

Policy requires board members to self identify a potential conflict of interest to the chair of the board or the full board.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request at the organization's office.

Filing and Contact Details

Filer

Filer Name
New River Community and Technical
EIN
55-0677640
Phone
3049291042
Address
280 UNIVERSITY DRIVE, BEAVER, WV 25813
Doing Business As
28

Signing Officer

Name
Michael Green
Title
Executive Director
Phone
3049295494
Signed
2023-01-05

Organization Details

Principal Officer
Michael Green
Formed
1987
Legal Domicile
Wv
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Collins & Company
Address
PO BOX 513, MABSCOTT, WV 25871
Preparer
Mark a Collins
Phone
3042558928
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The foundaiton's purpose is to aid, strengthen, and further in every proper way the work and services of new river community and technical college, an agency of the state of west viginia. The organzation is operated to receive, hold, invest, and adminster property and to make expenditures for the benefit of new river community & technical college and its students and staff.

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

Indirect expenses allocated to the function of student support and program services.

Form 990, Part XI, Line 9

Direct exp included on form 990, partviii, lines 8b 24,715 direct exp included on form 990, partviii, lines 8b -24,715

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The intended use of the funds is to provide for student scholarships for attendees of new river community and technical college.

Schedule D, Page 4, Part XI, Line 2D

Direct exp included on form 990, partviii, lines 8b 24,715

Schedule D, Page 4, Part XII, Line 2D

Direct exp included on form 990, partviii, lines 8b 24,715

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IRS990/MissionDesc0THE FOUNDAITON'S PURPOSE IS TO AID, STRENGTHEN, AND FURTHER IN EVERY PROPER WAY THE WORK AND SERVICES OF NEW RIVER COMMUNITY AND TECHNICAL COLLEGE, AN AGENCY OF THE STATE OF WEST VIGINIA. THE ORGANZATION IS OPERATED TO RECEIVE, HOLD, INVEST, AND ADMINSTER PROPERTY AND TO MAKE EXPENDITURES FOR THE BENEFIT OF NEW RIVER COMMUNITY & TECHNICAL COLLEGE AND ITS STUDENTS AND STAFF.
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IRS990/OperateHospitalInd0false
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IRS990/OtherExpensesGrp/Desc0NIP CREDITS FEES
IRS990/OtherExpensesGrp/Desc1CONTRIBUTIONS & SPONSOR
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IRS990/OtherExpensesGrp/ProgramServicesAmt0778
IRS990/OtherExpensesGrp/TotalAmt01380
IRS990/OtherExpensesGrp/TotalAmt1778
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0MICHAEL GREEN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActyOtherGrp/Desc0INDIRECT EXPENSES ALLOCATED TO THE FUNCTION OF STUDENT SUPPORT AND PROGRAM SERVICES.
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IRS990/RelatedEntityInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/CollegeOrganizationInd0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0INVITATIONAL BASKETBALL REVENUE 115,025
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0214816
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0203794
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0320172
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01075295
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt057375
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt037735
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt077290
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0172400
IRS990ScheduleA/PublicSupportCY170Pct00.74190
IRS990ScheduleA/PublicSupportPY170Pct00.79350
IRS990ScheduleA/PublicSupportTotal170Amt01492233
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0161515
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0334354
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0307738
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0417273
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01492233
IRS990ScheduleA/TotalSupportAmt02011478
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02199704
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt013226
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02691362
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-31750
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0510843
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0-661
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02093011
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt078201
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02199704
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-28120
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt060367
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0-3755
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt01947979
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt059930
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02093011
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-38690
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0123792
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt01702625
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0172383
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt01947979
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt0-61581
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt097793
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt036759
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0107810
IRS990ScheduleD/DonatedServicesUseFcltsAmt0107810
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0132525
IRS990ScheduleD/ExpensesSubtotalAmt0269207
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-535002
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01344155
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0BENEFICIAL INTEREST IN ASSETS HELD
IRS990ScheduleD/OtherExpensesIncludedAmt024715
IRS990ScheduleD/OtherRevenueAmt024715
IRS990ScheduleD/RevenueNotReportedAmt0-402477
IRS990ScheduleD/RevenueSubtotalAmt0315337
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTENDED USE OF THE FUNDS IS TO PROVIDE FOR STUDENT SCHOLARSHIPS FOR ATTENDEES OF NEW RIVER COMMUNITY AND TECHNICAL COLLEGE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIRECT EXP INCLUDED ON FORM 990, PARTVIII, LINES 8B 24,715
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2DIRECT EXP INCLUDED ON FORM 990, PARTVIII, LINES 8B 24,715
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART V, LINE 4
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
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IRS990ScheduleD/TotalExpensesPerForm990Amt0269207
IRS990ScheduleD/TotalRevenuePerForm990Amt0315337
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0401732
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt021490
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0INVITATIONAL BA
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IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt057375
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt057375
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IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt021490
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt021490
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0112018
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt191500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0PASS THROUGH SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1ENDOWMENT SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc1CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION HAS A SCHOLARSHIP COMMITTEE THAT DETERMINES A RECOMMENDATION OF SCHOLARSHIPS EACH ACADEMIC YEAR. THESE RECOMMENDATIONS ARE PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR APPROVAL. BEFORE SCHOLARSHIP AWARDS ARE PAID, IT IS VERIFIED THAT THE RECIPIENTS ARE ENROLLED AT NEW RIVER COMMUNITY AND TECHNICAL COLLEGE OR OTHER APPROVED INSTITUIONS FOR THE PERIOD THE GRANT APPLIES TO.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDAITON'S PURPOSE IS TO AID, STRENGTHEN, AND FURTHER IN EVERY PROPER WAY THE WORK AND SERVICES OF NEW RIVER COMMUNITY AND TECHNICAL COLLEGE, AN AGENCY OF THE STATE OF WEST VIGINIA. THE ORGANZATION IS OPERATED TO RECEIVE, HOLD, INVEST, AND ADMINSTER PROPERTY AND TO MAKE EXPENDITURES FOR THE BENEFIT OF NEW RIVER COMMUNITY & TECHNICAL COLLEGE AND ITS STUDENTS AND STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INDIRECT EXPENSES ALLOCATED TO THE FUNCTION OF STUDENT SUPPORT AND PROGRAM SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANN FORT KYLE FORT DIRECTOR CHAIR FAMILY RELATIONSHIP DUE TO THE SIZE OF THE COMMUNITIES SERVED BY THE FOUNDATON, THERE IS THE POTENTIAL THAT TRANSACTIONS BETWEEN BOARD MEMBERS OCCUR AND THAT THEY HAVE RELATED PARTY TRANSACTIONS THE BOARD MEMBERS ARE AWARE OF THE THESE RELATIONSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ON OR ABOUT SEPTEMBER 22, 2022 AND IN ADVANCE OF THE DECEMBER 8,2022 SCHEDULED BOARD MEETING,THE BOARD OF DIRECTORS WERE PROVIDED A DRAFT FORM OF THIS FORM 990 FOR THEIR REVIEW ALONG WITH THE ATTACHED "CHECKLIST C501, BOARD REVIEW OF FORM 990", WHICH WAS PROVIDED FROM THE PREPARERS RESOURCES,SPECIFICALLY PRACTIONERS PUBLISHING COMPANY. THIS CHECKLIST PROVIDES A STRUCTURED APPROACH FOR THE INDIVIDUAL REVIEW OF THE FORM 990 AND THE BOARD MEMBERS WERE ENCOURAGED TO USE THIS AS A RESOURCE IN THEIR INDIVIDUAL REVIEWS. THEY WERE PROVIDED CONTACT INFORMATION FOR MARK COLLINS, THE PREPARER AND ASK TO POSE ANY QUESTIONS THEY MAY HAVE TO HIM. IT IS PLANNED THAT IN ORDER FOR BOARD MEMBERS TO HAVE SUFFICIENT TIME FOR THEIR REVIEWS THAT THE FORM 990 WILL BE FILED ON OR ABOUT JANUARY 5, 2023.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4POLICY REQUIRES BOARD MEMBERS TO SELF IDENTIFY A POTENTIAL CONFLICT OF INTEREST TO THE CHAIR OF THE BOARD OR THE FULL BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DIRECT EXP INCLUDED ON FORM 990, PARTVIII, LINES 8B 24,715 DIRECT EXP INCLUDED ON FORM 990, PARTVIII, LINES 8B -24,715
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.43$0.17$4.26$0.31$0.21$0.10
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.17$0.23$3.94$0.43$0.38$0.06
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.67$0.14$3.53$0.45$0.19$0.26
2022Detailed filing. Detailed filing data is available for this year.$3.25$0.20$3.05$0.32$0.27$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.66$0.12$3.54$0.30$0.20$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.96$0.09$2.87$0.29$0.17$0.12
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$0.13$2.73$0.27$0.23$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.78$0.15$2.63$0.36$0.21$0.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$0.10$2.40$0.30$0.12$0.17
2016Detailed filing. Detailed filing data is available for this year.$2.36$0.23$2.13$0.23$0.10$0.14
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.25$1.97$0.33$1.11$0.79
2014Detailed filing. Detailed filing data is available for this year.$3.13$0.34$2.78$0.34$0.19$0.15
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.22$0.71$2.51$0.31
2012Summary only. Only limited summary data is available for this year.$1.43$0.05$1.38$0.46$0.28$0.18
2011Summary only. Only limited summary data is available for this year.$1.25$0.06$1.19$0.41$0.28$0.13