2024-11-12T08:55:57-06:00 2024-06-30 550538163 SUTTLE & STALNAKER PLLC 200 STAR AVENUE STE 220 PARKERSBURG WV 26101 990 2023-07-01 556021123 GLENVILLE STATE UNIVERSITY FOUNDATION INC GLEN 3044624125 200 HIGH STREET GLENVILLE WV 26351 DAVID HUTCHISON EXECUTIVE DIRECTOR 3044624125 2024-11-12 1 0 STEVEN M MORGAN CPA P01499372 3044856584 2024-11-11 2023 2024-10-15 13:58:12Z DAVID HUTCHISON 200 HIGH STREET GLENVILLE WV 26351 6722739 0 X N/A X 1961 WV RAISING FUNDS TO PROVIDE SCHOLARSHIPS AND FUNDING FOR GENERAL EDUCATION PURPOSES 26 26 0 26 0 0 4836866 4269948 0 0 419543 1718780 291138 604527 5547547 6593255 3847530 2440452 0 0 173988 212697 0 0 142718 420508 476308 4442026 3129457 1105521 3463798 24729641 29270745 3036158 3142136 21693483 26128609 X THE GLENVILLE STATE COLLEGE FOUNDATION, INC IS FOCUSED ON THE RAISING OF FUNDS FROM NON-STATE SOURCES TO ASSIST GLENVILLE STATE COLLEGE IN REACHING ITS MISSION. WE ACHIEVE THIS GOAL THROUGH ACTIVELY SOLICITING FUNDS THROUGH OUR ANNUAL FUND, SCHOLARSHIP ENDOWMENTS AND MONIES FROM LARGER FOUNDATIONS. THESE MONIES ARE THEN AWARDED TO DESERVING STUDENTS THROUGH ANNUAL SCHOLARSHIPS AND ACADEMIC AWARDS. 0 0 904545 904545 RECEIVE AND PROVIDE FUNDS FOR SCHOLARSHIPS GIVEN FOR ACADEMIC AND ATHLETIC ACHIEVEMENTS TO STUDENTS 1727779 1535907 RECEIVE AND PROVIDE FUNDS FOR GENERAL EDUCATION PURPOSES OF GLENVILLE STATE COLLEGE 2632324 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 44 0 1 0 0 0 0 0 0 0 0 0 0 0 X 26 26 1 0 0 0 0 0 0 1 1 0 0 1 0 0 0 1 1 0 WV X DAVID HUTCHISON 3044624125 200 HIGH STREET GLENVILLE WV 263511200 SANDRA PETTIT PRESIDENT 1.00 X X 0 0 0 JOHN WESTFALL VICE PRESIDENT 1.00 X X 0 0 0 MARY LEE MCPHERSON SECRETARY/TREASURER 1.00 X X 0 0 0 TIMOTHY BUTCHER BOARD MEMBER 1.00 X 0 0 0 ROBERT MARSHALL BOARD MEMBER 1.00 X 0 0 0 DAVID HUTCHISON EX-OFFICIO BOARD MEMBER 1.00 X 0 129246 0 BRENT BOGGS BOARD MEMBER 1.00 X 0 0 0 JOHN LAW BOARD MEMBER 1.00 X 0 0 0 SUE MORRIS BOARD MEMBER 1.00 X 0 0 0 JEFFREY JENKINS BOARD MEMBER 1.00 X 0 0 0 GREG CUNNINGHAM BOARD MEMBER 1.00 X 0 0 0 DOUG MORRIS BOARD MEMBER 1.00 X 0 0 0 MIKE ROSS BOARD MEMBER 1.00 X 0 0 0 MARY BLAND STRICKLAND BOARD MEMBER 1.00 X 0 0 0 SAMMY GRAY BOARD MEMBER 1.00 X 0 0 0 ANDREW MINIGH BOARD MEMBER 1.00 X 0 0 0 STERLING BEANE JR BOARD MEMBER 1.00 X 0 0 0 GREG SMITH BOARD MEMBER 1.00 X 0 0 0 GARY SKINNER BOARD MEMBER 1.00 X 0 0 0 DOUG PATTERSON BOARD MEMBER 1.00 X 0 0 0 MAUREEN GILDEIN BOARD MEMBER 1.00 X 0 0 0 KAREN LAY BOARD MEMBER 1.00 X 0 0 0 GARY RAY BOARD MEMBER 1.00 X 0 0 0 PHIL REALE BOARD MEMBER 1.00 X 0 0 0 MARK A MANCHIN EX-OFFICIO BOARD MEMBER 1.00 X 0 0 0 MELISSA O'BRIEN BOARD MEMBER 1.00 X 0 0 0 0 129246 0 0 0 0 0 0 4269948 4269948 576457 576457 522307 522307 211704 129484 82220 82220 82220 1142323 0 1142323 1142323 1142323 6593255 1224543 0 1098764 1535907 1535907 904545 904545 85807 17161 34323 34323 126890 25378 50756 50756 18250 18250 139353 139353 40692 36623 4069 5463 1093 1093 3277 23858 9543 14315 89752 44876 44876 53564 26782 26782 3499 1749 1750 DATABASE MANAGEMENT 53000 21200 10600 21200 MISCELLANEOUS 29712 23770 5942 ANNUAL FUND 9711 971 8740 ALUMNI EXPENSES 9294 7435 1859 160 32 32 96 3129457 2632324 354415 142718 249178 189784 1370360 2489439 1137559 1164259 5010026 1336001 3041055 3674025 11092012 11874196 7449972 9588011 389505 291031 24729641 29270745 160707 350539 17642 17642 50180 59535 2807629 2714420 3036158 3142136 X 1275845 1605615 20417638 24522994 21693483 26128609 24729641 29270745 X 3463798 944628 26700 X X 0 1 X 1 0 X 1303063 4545514 3724269 4836866 4269948 18679660 1303063 4545514 3724269 4836866 4269948 18679660 18679660 461444 542490 704766 887446 1310468 3906614 22586274 0.82700 0.85190 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 17316276 358046 2617508 608926 19682904 14720530 1517469 1692998 614721 17316276 17183742 248901 -2139211 572902 14720530 11824395 3016329 3066964 723946 17183742 11410890 279481 413077 279053 11824395 1.00000 0 0 580553 580553 4120676 1133518 2987158 308797 202483 106314 3674025 BONDS 3492698 F MUTUAL FUNDS 6095313 F 9588011 X 7694067 944628 156184 1100812 6593255 0 6593255 3258941 129484 129484 3129457 0 3129457 PART V, LINE 4: TO PROVIDE SCHOLARSHIPS AND FUNDING FOR GENERAL EDUCATION PURPOSES PART X, LINE 2: THE FOUNDATION HAS ADOPTED ASC TOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR THE YEAR ENDED JUNE 30, 2024, THE FOUNDATION HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS UNDER THE NEW RULES. THE FOUNDATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. THE FOUNDATIONS RETURNS FOR YEARS ENDING ON OR AFTER JUNE 30, 2021 REMAIN SUBJECT TO EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE CSV LIFE INSURANCE 26,700. DEPRECIATION EXPENSE - WACO CENTER 105,783. INSURANCE EXPENSE - WACO CENTER 23,701. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE - WACO CENTER 105,783. INSURANCE EXPENSE - WACO CENTER 23,701. 1 GLENVILLE STATE UNIVERSITY 200 HIGH STREET GLENVILLE WV 26351 556000779 GOVERNMENT 1535907 0 ACTUAL CASH AMOUNT FOR THE PURPOSE OF EXPENDITURES OF GLENVILLE STATE COLLEGE 1 SCHOLARSHIPS 373 904545 ACTUAL CASH VALUE FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE DIRECTOR REVIEWS THE RETURN BEFORE SIGNING AND SUBMITTING. FORM 990, PART VI, SECTION A, LINE 2 DIRECTOR SANDRA PETTIT IS EMPLOYED BY A CORPORATION OWNED BY DIRECTOR SUE MORRIS' FAMILY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S 990 IS PREPARED BY A CPA FIRM. THE EXECUTIVE DIRECTOR REVIEWS THE RETURN BEFORE SIGNING AND SUBMITTING THE 990. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND OTHER EMPLOYEES OF THE FOUNDATION IS DETERMINED BY THE FOUNDATION'S BOARD OF DIRECTORS FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC BY REQUEST MADE AT THE FOUNDATION'S OFFICE. FORM 990, PART XI, LINE 9: INCREASE CSV LIFE INSURANCE 26,700. FORM 990, PART XII, LINE 2C: THE FOUNDATION HAS MADE NO CHANGES TO THE OVERSIGHT PROCESS OF THE AUDIT OR SELECTION OF AN INDEPENDENT ACCOUNTANT COMPARED TO THE PRIOR YEAR. GLENVILLE STATE UNIVERSITY 200 HIGH STREET GLENVILLE WV 263511200 556000779 COLLEGE - EDUCATION WV 501 (C)(3) 0 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0