Civic Intelligence

Wvu at Parkersburg Foundation Inc

EIN 55-6021899 • 501(c)3 • Parkersburg, WV

Profile

To promote, encourage, and assist in the development and growth of west virginia university at parkersburg and to render services to its faculty, students, and alumni, and to the citizens of west virginia.

300 Campus DriveParkersburg, WV 26104

www.wvup.edu/FOUNDATION

Siviq Scores

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

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

47th percentile

0.25x

Higher debt load relative to revenue than 47% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

87th percentile

42%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

12th percentile

$89,051

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

55th percentile

6.6%

Faster asset growth than 55% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-92%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$26,580,514

Up $1,647,722 (+6.6%) from 2023

Liabilities

Up

$228,996

Up $143,824 (+169%) from 2023

Net Assets

Up

$26,351,518

Up $1,503,898 (+6.1%) from 2023

Operations
Liabilities / Revenue47th percentileNet Margin87th percentile

Revenue

Down

$915,412

Down $10,550,862 (-92%) from 2023

Expenses

Down

$528,993

Down $312,763 (-37%) from 2023

Net Income

Down

$386,419

Down $10,238,099 (-96%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth55th percentile

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

$30M$20M$10M$0Assets 2010: $6,499,356Liabilities 2010: $2,116Net Assets 2010: $6,497,2402010Assets 2011: $7,507,018Liabilities 2011: $4,762Net Assets 2011: $7,502,2562011Assets 2012: $7,369,222Liabilities 2012: $11,597Net Assets 2012: $7,357,6252012Assets 2013: $7,980,523Liabilities 2013: $0Net Assets 2013: $7,980,5232013Assets 2014: $9,904,171Liabilities 2014: $2,667Net Assets 2014: $9,901,5042014Assets 2015: $9,939,599Liabilities 2015: $25,424Net Assets 2015: $9,914,1752015Assets 2016: $11,422,720Liabilities 2016: $49,020Net Assets 2016: $11,373,7002016Assets 2017: $12,216,175Liabilities 2017: $109,471Net Assets 2017: $12,106,7042017Assets 2018: $12,426,952Liabilities 2018: $27,125Net Assets 2018: $12,399,8272018Assets 2019: $12,677,332Liabilities 2019: $28,522Net Assets 2019: $12,648,8102019Assets 2020: $13,040,231Liabilities 2020: $179,504Net Assets 2020: $12,860,7272020Assets 2021: $15,544,243Liabilities 2021: $130,769Net Assets 2021: $15,413,4742021Assets 2022: $13,639,302Liabilities 2022: $126,420Net Assets 2022: $13,512,8822022Assets 2023: $24,932,792Liabilities 2023: $85,172Net Assets 2023: $24,847,6202023Assets 2024: $26,580,514Liabilities 2024: $228,996Net Assets 2024: $26,351,5182024

Highlighted filing

2024

Assets$26,580,514
Liabilities$228,996
Net Assets$26,351,518
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2010: $355,5642010Expenses 2011: $337,8432011Expenses 2012: $280,1462012Expenses 2013: $469,6662013Revenue 2014: $2,236,018Expenses 2014: $315,037Net Income 2014: $1,920,9812014Revenue 2015: $745,639Expenses 2015: $428,990Net Income 2015: $316,6492015Revenue 2016: $1,857,710Expenses 2016: $467,385Net Income 2016: $1,390,3252016Revenue 2017: $579,242Expenses 2017: $524,617Net Income 2017: $54,6252017Revenue 2018: $745,363Expenses 2018: $710,266Net Income 2018: $35,0972018Revenue 2019: $611,729Expenses 2019: $676,411Net Income 2019: -$64,6822019Revenue 2020: $399,805Expenses 2020: $634,191Net Income 2020: -$234,3862020Revenue 2021: $1,053,481Expenses 2021: $429,796Net Income 2021: $623,6852021Revenue 2022: $945,004Expenses 2022: $490,316Net Income 2022: $454,6882022Revenue 2023: $11,466,274Expenses 2023: $841,756Net Income 2023: $10,624,5182023Revenue 2024: $915,412Expenses 2024: $528,993Net Income 2024: $386,4192024

Highlighted filing

2024

Revenue$915,412
Expenses$528,993
Net Income$386,419
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$26,580,514
Liabilities
$228,996
Net assets
$26,351,518
Revenue
$915,412
Expenses
$528,993
Net income
$386,419
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.6$0.23$26.4$0.92$0.53$0.39
2023Summary only. Only limited summary data is available for this year.$24.9$0.09$24.8$11.5$0.84$10.6
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.6$0.13$13.5$0.95$0.49$0.45
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.5$0.13$15.4$1.05$0.43$0.62
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$0.18$12.9$0.40$0.63$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.7$0.03$12.6$0.61$0.68$0.06
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$0.03$12.4$0.75$0.71$0.04
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$0.11$12.1$0.58$0.52$0.05
2016Detailed filing. Detailed filing data is available for this year.$11.4$0.05$11.4$1.86$0.47$1.39
2015Detailed filing. Detailed filing data is available for this year.$9.94$0.03$9.91$0.75$0.43$0.32
2014Detailed filing. Detailed filing data is available for this year.$9.90$0.00$9.90$2.24$0.32$1.92
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.98$0.00$7.98$0.47
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.37$0.01$7.36$0.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.51$0.00$7.50$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.50$0.00$6.50$0.36
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$5,156,287
Mission and Program Overview

Mission

To promote, encourage, and assist in the development and growth of west virginia university at parkersburg and to render services to its faculty, students, and alumni, and to the citizens of west virginia.

The foundation was established to provide education support and scholarships to the students and faculty of west virginia university at parkersburg.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$8,382,381$9,004,984▲ $622,603
Land, Buildings, and Equipment, Net$934,068$6,898,638▲ $5,964,570
Investments in Publicly Traded Securities$4,956,298$5,738,398▲ $782,100
Pledges and Grants Receivable$10,050,000$2,600,000▼ $7,450,000
Cash and Non-Interest-Bearing Accounts$608,031$2,305,880▲ $1,697,849
Accounts Receivable-$30,600-
Total Assets$24,932,792$26,580,514▲ $1,647,722
Other Assets Total$2,014$2,014→ $0
Liabilities
Accounts Payable and Accrued Expenses-$127,131-
Other Liabilities$85,172$101,865▲ $16,693
Total Liabilities$85,172$228,996▲ $143,824
Net Assets / Fund Balance
Net Assets With Donor Restrictions$23,478,318$25,130,797▲ $1,652,479
Net Assets Without Donor Restrictions$1,369,302$1,220,721▼ $148,581
Total Net Assets Fund Balance$24,847,620$26,351,518▲ $1,503,898
Total Liabilities and Net Assets / Fund Balance$24,932,792$26,580,514▲ $1,647,722

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,484,832$442,326$5,927,158
Land$1,319,266-$1,319,266
Other Land Buildings$80,395$37,443$117,838
Equipment$14,145$5,636$19,781
Other Securities$6,877,031--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$11,726,147$99,479▲ $1,397,985$167,830$12,899,553
2022$11,086,272$41,350▲ $911,545$175,406$11,726,147
2021$12,755,839$93,057▼ $1,430,112$126,934$11,086,272
2020$10,533,873$7,753▲ $2,560,623$122,832$12,755,839
2019$10,288,553$74,178▲ $527,853$16,761$10,533,873
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Olivia ReederExecutive DirectorFT$89,051$89,051

Board Members and Trustees

NameTitle
Becky DeemChair
Andrew WalkerBoard Member
Annette FehrenbacherBoard Member
Brenda LaveryBoard Member
Dorsey NorthrupBoard Member
Jaliyah TownsendBoard Member
Jenns WittekindBoard Member
Jessica MadisonBoard Member
Jill ParsonsBoard Member
Loura RinardBoard Member
Matthew SanterBoard Member
Michael SeeseBoard Member
Rayna OdellBoard Member
Stephanie Hayhurst-hallBoard Member
Pam FerrellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$229,319
Program Service Revenue
$0
Investment Income
$686,053
Other Revenue
$40
All Other Contributions
$229,319
Change in Net Assets
$386,419

Audited Revenue Reconciliation

Revenue per Audited Statements
$915,412
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,160,980
Total Revenue per Audited Statements
$2,076,392
Total Revenue per Form 990
$915,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$335,730
Grants and Similar Amounts Paid$148,263
Salaries, Compensation, and Employee Benefits$45,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$148,263--$148,263
Depreciation Depletion-$77,486-$77,486
Current Officers, Directors, Trustees, and Key Employees-$41,802-$41,802
Fees for Service Investment Mgmnt Fees-$38,651-$38,651
Advertising-$25,581-$25,581
Fees for Services Other-$17,256-$17,256
Other Expenses$22,582$16,303-$16,303
All Other Expenses$13,791--$13,791
Fees for Services Management-$10,707-$10,707
Payroll Taxes-$3,198-$3,198
Total Functional Expenses$184,636$344,357$0$528,993

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$572,494
Expenses per Audited Statements$528,993
Total Expenses per Form 990$528,993
Expenses Not Reported on Form 990$43,501
Expenses Not Reported on Financial Statements$0
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
Funds Held for Others$101,865
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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, Part VI, Section B, Line 11B

“The wvup foundation director reviews the information included in form 990 for accuracy. Upon completion of the review, the director or other appointed officer signs the form 990 and submits it to the internal revenue service. Prior to submission, the director contacts the preparer with any questions or concerns identified during their review.”

Form 990, Part VI, Section B, Line 11B

“The organization's 990 is prepared by a cpa firm. The director reviews the return before signing and submitting the 990.”

Form 990, Part VI, Section B, Line 12C

“Annually, the board of directors distributes and discusses its conflict of interest policy. Board members and employees are required to acknowledge their receipt and understanding of the policy and their responsibility for notifying the board if a conflict were to arise. Any board member who has a conflict of interest is required to recuse themselves from any votes regarding such issues.”

Form 990, Part VI, Section B, Line 15

“Annually, the board of directors considers the salary paid to its executive director. When considering the salary, the board utilizes its affiliation with west virginia university and other state universities by surveying the salaries paid to their foundation executives. These factors plus the financial stability of wvu at parkersburg foundation are considered in setting the executive director's salary.”

Form 990, Part VI, Section C, Line 18

“Copies of the wvu-p foundation's policies are maintained in the foundation's administrative offices and are made available to the public upon request as required by the irc regulations.”

Form 990, Part VI, Section C, Line 19

“Copies of the wvu-p foundation's policies are maintained in the foundation's administrative offices and are made available to the public upon request as required by the irc regulations.”

Filing and Contact Details

Filer

Filer Name
Wvu at Parkersburg Foundation Inc
EIN
55-6021899
Phone
3044248340
Address
300 CAMPUS DRIVE, PARKERSBURG, WV 26104

Signing Officer

Name
Olivia Reeder
Title
Executive Director
Phone
3044248340
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Olivia Reeder
Formed
1963
Legal Domicile
Wv
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
17

Preparer

Firm
Suttle & Stalnaker Pllc
Address
200 STAR AVENUE STE 220, PARKERSBURG, WV 26101
Preparer
Steven M Morgan CPA
Phone
3044856584
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“The organization did not change either its oversight process or selection process during the tax year for the committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”

Financial Statement Notes

PART V, LINE 4:

“All of the endowed funds were created from donations restricted for scholarships under either permanent endowment or under temporary restrictions from agreements with donors. From time to time throughout the year, the various endowment funds purchase or sell equivalent unit shares in the pooled investment fund based on the cash and liquidity needs for each of the funds.”

PART X, LINE 2:

“For the years ended june 30, 2024 and 2023, the foundation has no material uncertain tax positions to be accounted for in the financial statements under professional standards. The foundation recognizes interest and penalties, if any, related to unrecognized tax benefits in interest expense. The foundation's returns for years ending on or after june 30, 2021 remain subject to examination.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“LOSS ON F/A”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“LOSS ON F/A”

Raw XML AppendixShowing 400 of 560 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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IRS990/ActivityOrMissionDesc0THE FOUNDATION WAS ESTABLISHED TO PROVIDE EDUCATION SUPPORT AND SCHOLARSHIPS TO THE STUDENTS AND FACULTY OF WEST VIRGINIA UNIVERSITY AT PARKERSBURG.
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