Civic Intelligence

Mountain State University Endowment Fund Inc

990 • Fiscal year 2013 • EIN 55-0705569

Jul 01, 2012 to Jun 30, 2013 • Filed on May 15, 2014

Organization ProfileWWW.MOUNTAINSTATE.EDU
PO Box 900325802
Siviq Scores

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

Liabilities / Assets

32nd percentile

0.03x

Higher debt load relative to assets than 32% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

1st percentile

-61%

Faster asset growth than 1% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$2,244,047

Down $3,525,296 (-61%) from 2012

Net Assets

Down

$2,179,540

Down $3,370,180 (-61%) from 2012

Liabilities

Down

$64,507

Down $155,116 (-71%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$3,655,959

Up $3,498,402 (+2220%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$10M$5.0M$0Assets 2010: $9,087,205Liabilities 2010: $1,895,563Net Assets 2010: $7,191,6422010Assets 2011: $5,534,532Liabilities 2011: $66,387Net Assets 2011: $5,468,1452011Assets 2012: $5,769,343Liabilities 2012: $219,623Net Assets 2012: $5,549,7202012Assets 2013: $2,244,047Liabilities 2013: $64,507Net Assets 2013: $2,179,5402013Assets 2014: $967,471Liabilities 2014: $52,408Net Assets 2014: $915,0632014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016

Highlighted filing

2013

Assets$2,244,047
Liabilities$64,507
Net Assets$2,179,540
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0MExpenses 2010: $382,2422010Expenses 2011: $84,9162011Expenses 2012: $157,5572012Expenses 2013: $3,655,9592013Revenue 2014: $160,604Expenses 2014: $1,359,339Net Income 2014: -$1,198,7352014Revenue 2015: $18,016Expenses 2015: $688,536Net Income 2015: -$670,5202015Revenue 2016: $0Expenses 2016: $0Net Income 2016: $02016

Highlighted filing

2013

Revenue-
Expenses$3,655,959
Net Income-
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 15, 2014
Return Version
2012v2.1
Gross Receipts
$451,676
Mission and Program Overview

Mission

To solicit, receive, invest and dispense funds for the benefit of mountain state university, inc.

Filing and Contact Details

Filer

EIN
55-0705569
Raw XML AppendixShowing 400 of 489 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/Form990ScheduleDPartXIII/Explanation0THE ORGANIZATION'S ENDOWMENT FUNDS WERE ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING SCHOLARSHIPS AND CAPITAL IMPROVEMENTS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0PART V, LINE 4:
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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0SCHEDULE I, PART I, LINE 2: MONITORING THE USE OF ASSISTANCE IS DONE BY THE FINANCIAL AID DEPARTMENT OF MOUNTAIN STATE UNIVERSITY, INC. A FINANCIAL AID COORDINATOR IS IN CHARGE OF SCHOLARSHIPS AND HAS THE RESPONSIBILITY TO OVERSEE AND MONITOR ASSISTANCE PROVIDED.
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation1THIS GRANT PROVIDES THE UNIVERSITY OF CHARLESTON (HEREAFTER REFERRED TO AS UC) FUNDS TO AID IN THE TEACH OUT PROGRAM OF FORMER MSU STUDENTS AND ALLOWS UC TO ADMIT INTERESTED STUDENTS TO CONTINUE THEIR EDUCATION AT THE BECKLEY, MARTINSBURG AND OTHER CAMPUSES WHERE UC WILL ESTABLISH CAMPUSES TO CONTINUE TO SERVE THESE AREAS.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURE FOR MONITORING GRANTS IN THE U.S.:
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier1SCHEDULE I, PART II, COLUMN (H)
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IRS990ScheduleI/RecipientTable/PurposeOfGrant0TO RETIRE BOND OBLIGATIONS AND ASSIST IN WRAPPING UP ACTIVITIES
IRS990ScheduleI/RecipientTable/PurposeOfGrant1GRANTED FOR SCHOLARSHIPS TO BE AWARDED TO STUDENTS OF MOUNTAIN STATE UNIVERSITY, INC.
IRS990ScheduleI/RecipientTable/PurposeOfGrant2SEE SCHEDULE I, PART IV
IRS990ScheduleI/RecipientTable/PurposeOfGrant3RETURN OF TITLE III
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IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine11MOUNTAIN STATE UNIVERSITY INC
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IRS990ScheduleO/GeneralExplanation/Explanation0THE MISSION OF THIS ORGANIZATION IS TO ASSIST AND SUPPORT THE EDUCATIONAL ACTIVITIES AND ENDEAVORS OF MOUNTAIN STATE UNIVERSITY AND ITS STUDENTS THROUGH CHARITABLE FUNDRAISING, INVESTMENT, FACILITIES DEVELOPMENT, AND OTHER MEANS APPROPRIATE TO CONTINUING THE LONG-TERM DEVELOPMENT OF THE UNIVERSITY. MOUNTAIN STATE UNIVERSITY, INC. HAS CEASED ALL MAJOR OPERATIONS EFFECTIVE DECEMBER 31, 2012, THEREFORE, MOUNTAIN STATE UNIVERSITY BUILDING COMPANY IS IN THE PROCESS OF LIQUIDATING ASSETS AND PAYING LIABILITIES. ANY REMAINING ASSETS WILL BE TRANSFERRED TO MOUNTAIN STATE UNIVERSITY, INC.
IRS990ScheduleO/GeneralExplanation/Explanation1AS OF THE FILING DATE OF THIS FORM THE AUDITED FINANCIAL STATEMENTS HAVE NOT BEEN ISSUED. WHEN THE AUDITED FINANCIAL STATEMENTS ARE ISSUED THEY WILL INCLUDE A FOOTNOTE THAT ADDRESSES THE ORGANIZATION'S LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER ASC 740.
IRS990ScheduleO/GeneralExplanation/Explanation2AS OF THE FILING DATE OF THIS FORM THE AUDITED FINANCIAL STATEMENTS HAVE NOT BEEN ISSUED. WHEN THE AUDITED FINANCIAL STATEMENTS ARE ISSUED, MOUNTAIN STATE UNIVERSITY BUILDING COMPANY WILL BE INCLUDED IN THE CONSOLIDATED STATEMENTS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE FORM 990 IS REVIEWED PRIOR TO FILING BY ALL BOARD MEMBERS REMAINING AT 5/15/2014.
IRS990ScheduleO/GeneralExplanation/Explanation4ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. NO OFFICER, DIRECTOR, OR KEY EMPLOYEE WILL ENTER INTO ANY OUTSIDE BUSINESS ACTIVITY WITH THE ORGANIZATION WITHOUT FIRST NOTIFYING THE ORGANIZATION OF THE INDIVIDUAL'S PERSONAL OR FINANCIAL INTEREST IN THE ACTIVITY AND WITHOUT FIRST OBTAINING RATIFICATION FROM THE EXECUTIVE COMMITTEE OF THE ORGANIZATION'S BOARD OF TRUSTEES. THE ORGANIZATION'S POLICIES AND PROCEDURES REQUIRE BOARD MEMBERS TO DISCLOSE CONFLICTING RELATIONSHIPS, AND THESE RELATIONSHIPS ARE ANALYZED ON A CASE-BY-CASE BASIS. INDIVIDUALS, WHO MAY DIRECTLY OR INDIRECTLY, BENEFIT FROM ANY CONTRACT IN WHICH THE ORGANIZATION SEEKS TO ENTER INTO MUST FULLY DISCLOSE SUCH INTEREST TO THE BOARD PRIOR TO THE ORGANIZATION ENTERING INTO SAID CONTRACT. FURTHER, ANY TRUSTEE, OFFICER, BOARD COMMITTEE PARTICIPANT, EMPLOYEE, OR OTHER PERSON AUTHORIZED TO VOTE MUST ABSTAIN FROM ANY VOTE THAT RELATES TO A PERSONAL FINANCIAL OR OTHER BUSINESS INTEREST.
IRS990ScheduleO/GeneralExplanation/Explanation5INDIVIDUALS WHO SERVE ON THE ORGANIZATION'S BOARD OF TRUSTEES RECEIVE COMPENSATION FROM A RELATED ORGANIZATION. THE RELATED ORGANIZATION HAS A COMPENSATION COMMITTEE, WHICH IS AUTHORIZED AND APPROVED BY THE RELATED ORGANIZATION'S FULL BOARD OF TRUSTEES TO MAKE DECISIONS REGARDING COMPENSATION. THIS BOARD DIRECTS THE PRESIDENT OF THE RELATED ORGANIZATION TO CONTRACT WITH AN INDEPENDENT COMPENSATION CONSULTANT TO PERFORM A STUDY OF SALARIES AT INSTITUTIONS THAT ARE SIMILAR TO THE RELATED ORGANIZATION. THE COMPENSATION CONSULTANT THEN PROVIDES THE COMPENSATION COMMITTEE WITH HIS FINDINGS, WHICH INCLUDE RANGES FOR SALARIES THAT FALL WITHIN MARKET STANDARDS. THE COMPENSATION COMMITTEE THEN AUTHORIZES THE SALARY FOR THE PRESIDENT OF THE RELATED ORGANIZATION. THE PRESIDENT IS AUTHORIZED BY THE EXECUTIVE COMPENSATION COMMITTEE AND THE FULL BOARD TO SET THE SALARIES FOR THE REMAINING EXECUTIVE STAFF. THEIR SALARY AMOUNTS ARE RECORDED IN THEIR WRITTEN EMPLOYMENT CONTRACTS.
IRS990ScheduleO/GeneralExplanation/Explanation6THE ORGANIZATION MAY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC, IF REQUESTED, ON A CASE-BY-CASE BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation7THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS REMAINS UNCHANGED FROM THE PREVIOUS YEAR.
IRS990ScheduleO/GeneralExplanation/Explanation8THE ORGANIZATION'S FINANCIAL STATEMENTS ARE CURRENTLY UNDER AUDIT BY AN INDEPENDENT ACCOUNTANT. AS OF THE FILING DATE OF THIS FORM THE AUDITED FINANCIAL STATEMENTS HAVE NOT BEEN ISSUED.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN PROGRAM SERVICES
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART III, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART IV, LINE 11F
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART IV, LINE 12B:
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/GeneralExplanation/ReturnReference6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PART XII, LINE 2B:
IRS990/ScheduleORequired01
IRS990ScheduleR/DividendsRelatedOrganization00
IRS990ScheduleR/ExchangeOfAssets00
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine10PO BOX 9003
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine11PO BOX 9003
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/AddressLine12PO BOX 9003
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City0BECKLEY
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City1BECKLEY
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/City2BECKLEY
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State0WV
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State1WV
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/State2WV
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode025802
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode125802
IRS990ScheduleR/Form990ScheduleRPartII/AddressUS/ZIPCode225802
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg00
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg10
IRS990ScheduleR/Form990ScheduleRPartII/ControlledOrg20
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA0N/A
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA1N/A
IRS990ScheduleR/Form990ScheduleRPartII/DirectControllingEntityNA2N/A
IRS990ScheduleR/Form990ScheduleRPartII/EIN0550370128
IRS990ScheduleR/Form990ScheduleRPartII/EIN1550754244
IRS990ScheduleR/Form990ScheduleRPartII/EIN2651250747
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection0501(C)3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection1501(C)3
IRS990ScheduleR/Form990ScheduleRPartII/ExemptCodeSection2501(C)3
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState0WV
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState1WV
IRS990ScheduleR/Form990ScheduleRPartII/LegalDomicileState2WV
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine10MOUNTAIN STATE UNIVERSITY INC
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine11MOUNTAIN STATE UNIVERSITY BUILDING COMPANY
IRS990ScheduleR/Form990ScheduleRPartII/NameOfDisregardedEntity/BusinessNameLine12MOUNTAIN STATE UNIVERSITY FOUNDATION
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities0SEE SCHEDULE R SUPPLEMENTAL INFORMATION
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities1SEE SCHEDULE R SUPPLEMENTAL INFORMATION
IRS990ScheduleR/Form990ScheduleRPartII/PrimaryActivities2SEE SCHEDULE R SUPPLEMENTAL INFORMATION
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus0LINE 2
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus1LINE 11A
IRS990ScheduleR/Form990ScheduleRPartII/PublicCharityStatus2LINE 7
IRS990ScheduleR/Form990ScheduleRPartVII/Explanation0MOUNTAIN STATE UNIVERSITY NO LONGER OFFERS EDUCATIONAL SERVICES. THE UNIVERSITY IS CURRENTLY WORKING THROUGH THE NECESSARY PROCESSES TO RESOLVE LIABILITIES, COMPLETE OTHER WRAP-UP PROCEDURES, AND PREPARE FOR THE TRANSFER OF THE REMAINING ASSETS AFTER SETTLEMENT OF LIABILITIES TO ANOTHER 501(C)(3). DUE TO THE CLOSING OF THE UNIVERSITY EFFECTIVE DECEMBER 31, 2012, THE PRIMARY ACTIVITIES OF THE RELATED ORGANIZATIONS HAVE SHIFTED TO WRAPPING UP OPERATIONS.
IRS990ScheduleR/Form990ScheduleRPartVII/ReturnReference0SCHEDULE R, PART II- SUPPLEMENTAL INFORMATION:
IRS990ScheduleR/GiftGrantOrCapContrFrOtherOrg00
IRS990ScheduleR/GiftGrantOrCapContrToOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesFromOtherOrg00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrg00
IRS990ScheduleR/OtherTransferFromOtherOrg00
IRS990ScheduleR/OtherTransferToOtherOrg01
IRS990ScheduleR/PerformOfServicesByOtherOrgs00
IRS990ScheduleR/PerformOfServicesForOtherOrgs00
IRS990ScheduleR/PurchaseOfAssetsFromOtherOrg00
IRS990ScheduleR/ReceiptOfIntAnnRentsRoyalties00
IRS990ScheduleR/ReimbursementPaidByOtherOrg01
IRS990ScheduleR/ReimbursementPaidToOtherOrg00
IRS990ScheduleR/RentalOfFacilitiesFrOtherOrgs00
IRS990ScheduleR/RentalOfFacilitiesToOtherOrgs00
IRS990ScheduleR/SaleOfAssetsToOtherOrg00
IRS990ScheduleR/SharingOfFacilities01
IRS990ScheduleR/SharingOfPaidEmployees01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,244,047
Liabilities
$64,507
Net assets
$2,179,540
Revenue
-
Expenses
$3,655,959
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.02$0.69$0.67
2014Detailed filing. Detailed filing data is available for this year.$0.97$0.05$0.92$0.16$1.36$1.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$0.06$2.18$3.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.77$0.22$5.55$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.53$0.07$5.47$0.08
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.09$1.90$7.19$0.38