2023-11-13T08:36:29-05:00 2023-06-30 550657218 HESS STEWART & CAMPBELL PLLC 940 4TH AVE STE 250 HUNTINGTON WV 257011455 990 2022-07-01 510163180 WEST VIRGINIA SCHOOL OF OSTEOPATHIC MEDICINE FOUNDATION INCORPORATED WEST 3046476374 400 LEE STREET NORTH LEWISBURG WV 24901 DONETTE MIZIA ADMINISTRATIVE DIREC 3046476374 2023-11-09 true DONETTE MIZIA XXX-XX-XXXX false ROBERT C CAMPBELL CPA P01345572 3045236464 2023-11-09 2022 2023-04-26 12:10:37Z DONETTE MIZIA 400 NORTH LEE STREET LEWISBURG WV 24901 3188419 false X WWW.WVSOMFOUNDATION.ORG X 1975 WV TO SERVE THE WV SCHOOL OF OSTEOPATHIC MEDICINE (THE "WVSOM"), ITS FACULTY, STUDENTS AND ALUMNI AS AN ADDITIONAL FUNDING SOURCE THROUGH FUNDRAISING, MANAGING FUNDS, AND OVERSEEING DISTRIBUTION OF THESE FUNDS. IT ACCOMPLISHES THIS BY ENGAGING IN THE FOLLOWING PRINCIPAL ACTIVITIES: 1) SOLICITATION OF RESTRICTED AND UNRESTRICTED CHARITABLE CONTRIBUTIONS, 2) INVESTMENT OF AVAILABLE LIQUID ASSETS, 3) AWARDING TO QUALIFIED STUDENTS, FACULTY OR STAFF OF WVSOM CERTAIN GRANTS OR SCHOLARSHIPS, 4) RENTAL OF A CONFERENCE/EVENT FACILITY LOCATED ON THE CAMPUS OF WVSOM, 5) MAKING BRIDGE FINANCING LOANS FOR STUDENTS IN NEED. 11 11 0 46188 439741 886234 23158 46188 354273 57158 3154 -2500 820326 987080 149150 263698 0 0 0 25698 178489 191618 327639 455316 492687 531764 53252219 54548093 46694059 47067027 6558160 7481066 X SEE SCHEDULE O FOR A COMPLETE DESCRIPTION OF THE FOUNDATION'S MISSION false false 394684 263698 PROMOTED AND ADVANCED EDUCATIONAL AND FRATERNAL OPPORTUNITIES FOR CURRENT STUDENTS, FACULTY AND ALUMNI OF WV SCHOOL OF OSTEOPATHIC MEDICINE PROMOTED AND ADVANCED EDUCATIONAL AND FRATERNAL OPPORTUNITIES FOR CURRENT STUDENTS, FACULTY AND ALUMNI OF WV SCHOOL OF OSTEOPATHIC MEDICINE 394684 true true false false false true false false true true true false false false false false true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 2 0 false 0 true true false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true false false WV X X DONETTE MIZIA 3046476374 400 NORTH LEE STREET LEWISBURG WV 24901 DONETTE MIZIA ADMINISTRATI 40.00 X 0 71585 0 MANUEL BALLAS DO BOARD MEMBER 0.50 X 0 0 0 GEORGETTE GEORGE BOARD MEMBER 0.50 X 0 0 0 PATRICIA HAMILTON BOARD MEMBER 0.50 X 0 0 0 BRADLEY HARRIS BOARD MEMBER 0.50 X 0 0 0 BRANDON JOHNSON JD BOARD MEMBER 0.50 X 0 0 0 DREW KAGAN BOARD MEMBER 0.50 X 0 0 0 JAMES NEMITZ PHD BOARD MEMBER 0.50 X 0 0 0 KIM TIEMAN BOARD MEMBER 0.50 X 0 0 0 LARRY WARE BOARD MEMBER 0.50 X 0 0 0 SHERRI YOUNG DO VICE PRESIDE 0.50 X 0 0 0 DEWAYNE DUNCAN PRESIDENT 0.50 X 0 0 0 MONTE WARD TREASURER 0.50 X 0 0 0 71585 false false false 886234 886234 FACILITY RENTAL 532000 46188 46188 46188 179129 909 178220 2079368 2201339 -121971 -121971 -121971 OTHER REVENUE 900099 -2500 -2500 -2500 987080 -121062 46188 175720 263698 263698 9124 9124 14724 14724 -151 -151 29 10 8 11 18677 7471 11206 20000 20000 8906 3206 2405 3295 DIRECT COST OF RENTAL FAC 47660 47660 OTHER EXPENSE 30326 10917 8188 11221 STUDENT & FACULTY SUPPORT 20915 20915 BAD DEBT EXPENSE 20807 20807 601 485 116 455316 394684 34934 25698 410947 390299 178025 238370 12307 7824 10400 6066 7782 5239 100000 80000 40000 20000 52342758 53430295 250000 450000 53252219 54548093 46 46694059 47066981 46694059 47067027 X 1524731 1522441 5033429 5958625 6558160 7481066 53252219 54548093 531764 391142 X false false false X 156458 243165 270335 444000 887143 2001101 290909 314930 266885 356595 333502 1562821 447367 558095 537220 800595 1220645 3563922 3563922 154965 162589 144275 151408 178220 791457 3872 134819 138691 4494070 909 0.79300 0.82440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 28045 true true false true X 3461129 662126 248710 -118093 4253872 3533674 348661 -302788 -118418 3461129 2978890 169111 479097 93424 3533674 2951190 131236 32182 135718 2978890 2759169 107897 215453 131329 2951190 false false 100000 80000 20000 20000 1378222 391142 391142 987080 987080 455316 455316 455316 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE FOUNDATION MAINTAINS A NUMBER OF CUSTODIAL ACCOUNTS FOR VARIOUS SCHOOL RELATED ORGANIZATIONS PRINCIPALLY TO ALLOW FOR SOME LEVEL OF CONTROL/OVERSIGHT OF THESE FUNDS BY SCHOOL MANAGEMENT AS WELL AS TO FACILITATE THE COLLECTION OF THESE FUNDS BY THE SPECIFIC ENTITY AND ITS APPROPRIATE DISBURSEMENT. ADDITIONALLY, THE FOUNDATION HOLDS SIGNIFICANT INVESTMENT FUNDS ON BEHALF OF THE SCHOOL ITSELF. SCHEDULE D, PAGE 2, PART V, LINE 4 ENDOWMENT FUNDS ARE PRIMARILY ESTABLISHED FOR FUNDING ACADEMIC SCHOLARSHIPS FOR WVSOM STUDENTS. false SCHOLARSHIP AWARDS TO WVS 75 263698 FULL VALUE SCHEDULE I, PAGE 1, PART I, LINE 2 THE WEST VIRGINIA SCHOOL OF OSTEOPATHIC MEDICINE (THE SCHOOL) HAS A SCHOLARSHIP COMMITTEE THAT DETERMINES THE ENDOWED SCHOLARSHIP AWARDS EACH YEAR. THE EXECUTIVE DIRECTOR OF THE FOUNDATION SITS ON THE SCHOLARSHIP COMMITTEE. THE SCHOOL MONITORS THE ELIGIBILITY OF THE RECIPIENTS AND THE USE OF THE SCHOLARSHIP FUNDS. THE SCHOLARSHIP COMMITTEE INCLUDES REPRESENTATIVES FROM THE REGISTRAR'S OFFICE AND THE FINANCIAL AID OFFICE. THE ACADEMIC ACHIEVEMENT AWARDS AND UNRESTRICTED SCHOLARSHIPS ARE DETERMINED BY THE EXECUTIVE COMMITTEE OF THE FOUNDATION. THE SCHOLARSHIPS IN GENERAL ARE MONITORED BY ALL PARTIES INVOLVED IN THE ORIGINAL GRANTING PROCESS BY MONITORING THE PROGRESS OF EACH STUDENT THROUGH THE SCHOOL. THIS IS PRIMARILY MONITORED BY THE DEAN OF STUDENT AFFAIRS. FORM 990, PAGE 2, PART III, LINE 4D PROMOTED AND ADVANCED EDUCATIONAL AND FRATERNAL OPPORTUNITIES FOR CURRENT STUDENTS, FACULTY AND ALUMNI OF WV SCHOOL OF OSTEOPATHIC MEDICINE FORM 990, PAGE 6, PART VI, LINE 11B THE ADMINISTRATIVE DIRECTOR REVIEWS THE COMPLETED DRAFT OF THE FORM 990 PREPARED BY A CERTIFIED PUBLIC ACCOUNTING FIRM. ONCE THE RETURN IS APPROVED, IT IS SIGNED BY THE ADMINISTRATIVE DIRECTOR AND COPIES ARE DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW BEFORE SUBMITTING IT TO THE IRS, TIME PERMITTING. FORM 990, PAGE 6, PART VI, LINE 12C THE FOUNDATION FOLLOWS THE CONFLICT OF INTEREST POLICY OF THE WVSOM. THE CONFLICT OF INTEREST POLICY UTILIZED BY THE SCHOOL IS CONSIDERED TO BE APPLICABLE TO THIS FOUNDATION. ANNUALLY, EACH BOARD MEMBER AND MEMBER OF MANAGEMENT ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST STATEMENT, WHICH PROVIDES THE OPPORTUNITY FOR DISCLOSURE OF ANY SUCH ITEMS. FURTHER, GIVEN THE SMALL SIZE OF THE COMMUNITY THAT THE ORGANIZATION SERVES, ANY CONFLICTS WOULD LIKELY BE READILY KNOW TO MANAGEMENT AND BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15A SINCE THE EXECUTIVE DIRECTOR AND ALL STAFF ARE EMPLOYEES OF THE WVSOM AND NOT THE FOUNDATION ITSELF, THEIR RESPECTIVE COMPENSATION PACKAGES ARE NOT SUBJECT TO REVIEW BY THE FOUNDATION BOARD. HOWEVER, THEY ARE SUBJECT TO REVIEW BY THE MANAGEMENT OF THE WVSOM. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOUCMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. FINANCIAL STATEMENTS ARE POSTED TO WEBSITE.