Glenville State University Foundation Inc

Nonprofit profile at a glance

EIN
556021123
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Glenville, WV, USA
Phone
3044624125
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Undergraduate College (4-year)

Reported finances

Revenue
$4,942,466
Expenses
$4,276,624
Assets
$32,620,765
Liabilities
$3,816,314

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • SANDRA PETTIT (PRESIDENT)
  • JOHN WESTFALL (VICE PRESIDENT)

Highest reported compensation

  • DAVID HUTCHISON (EX-OFFICIO BOARD MEMBER): $130,024 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

Receive and provide funds for scholarships given for academic and athletic achievements to students

Operating model

Revenue model
Donor-supported. 79% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 94
  • Accountability: 82
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.9%; rating input score 80
  • Program expense ratio: 91.2%; rating input score 91
  • Fundraising efficiency: $29.48 raised per $1 spent on fundraising; rating input score 69; 69th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 13.5%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 7.63; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 56; 56th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 0.1% per year; rating input score 100; 14th percentile among comparable filings
  • Revenue growth: 6% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: 7.1% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 79.9% of revenue deployed · 91.2% of spending went to programs
  • Governance: 26 of 26 board members independent · 4 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $3.9M in reported program spending
  • Leadership: top reported pay $130K · 26 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors and grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • Review — Sustainability: Liabilities to assets ratio scored 56/100.