2024-03-06T16:03:19-05:00 2023-06-30 COLLINS & COMPANY PO BOX 45 WHITE SULPHUR SPRING WV 24986 990 2022-07-01 550677640 NEW RIVER COMMUNITY AND TECHNICAL COLLEGE FOUNDATION INC NEWR 3049291042 280 UNIVERSITY DRIVE BEAVER WV 25813 MICHAEL GREEN EXECUTIVE DIRECTOR 3049295494 2024-03-06 MICHAEL GREEN XXX-XX-XXXX false MARK A COLLINS P00136193 3042558928 2024-03-06 X 2022 2023-04-26 12:10:37Z MICHAEL GREEN 280 UNIVERSITY DRIVE BEAVER WV 25813 468179 false X WWW.NEWRIVER.EDU/FOUNDATION-AND-ALUMNI X 1987 WV THE FOUNDAITON'S PURPOSE IS TO AID, STRENGTHEN, AND FURTHER IN EVERY PROPER WAY THE WORK AND SERVICES OF NEW RIVER COMMUNITY AND TECHNICAL COLLEGE, AN AGENCY OF THE STATE OF WEST VIGINIA. THE ORGANZATION IS OPERATED TO RECEIVE, HOLD, INVEST, AND ADMINSTER PROPERTY AND TO MAKE EXPENDITURES FOR THE BENEFIT OF NEW RIVER COMMUNITY & TECHNICAL COLLEGE AND ITS STUDENTS AND STAFF. 12 12 0 0 161515 346607 0 117937 48905 35885 51308 315337 446820 203518 90350 0 37671 35334 0 36294 28018 61406 269207 187090 46130 259730 3245011 3666488 195700 138652 3049311 3527836 X THE FOUNDAITON'S PURPOSE IS TO AID, STRENGTHEN, AND FURTHER IN EVERY PROPER WAY THE WORK AND SERVICES OF NEW RIVER COMMUNITY AND TECHNICAL COLLEGE, AN AGENCY OF THE STATE OF WEST VIGINIA. THE ORGANZATION IS OPERATED TO RECEIVE, HOLD, INVEST, AND ADMINSTER PROPERTY AND TO MAKE EXPENDITURES FOR THE BENEFIT OF NEW RIVER COMMUNITY & TECHNICAL COLLEGE AND ITS STUDENTS AND STAFF. false false 127284 90350 SCHOLARSHIPS FOR THE BENEFIT OF NEW RIVER COMMUNITY AND TECHNICAL COLLEGE AND BLUEFIELD STATE COLLEGE STUDENTS. SIGNIFICANT DONATED SERVICES ARE PROVIDED TO THE FOUNDATION BY NEW RIVER COMMUNITY AND TECHNICAL COLLEGE IN THE FORM OF PERSONNEL WHO OPERATE THE FOUNDATION, OFFICE SPACE AND GENERAL OPERATING SUPPLIES. THIS BENEFITS THIS PROGRAM. INDIRECT EXPENSES ALLOCATED TO THE FUNCTION OF STUDENT SUPPORT AND PROGRAM SERVICES. 127284 true true false false false false false false false true false false false true false false true false false false false false false false true false false false true false false false false false false false false false false false false false false false false false false true 7 0 0 false false false false false false false false false false false false false false X 12 12 true false false false false false false true true false false true true true true false true false false false WV X MICHAEL GREEN 3049291042 280 UNIVERSITY DRIVE BEAVER WV 25813 MICHAEL GREEN EXECUTIVE DI 20.00 20.00 X 35334 86138 4878 LESLIE BAKER DIRECTOR 0.50 X 0 0 0 TOM COCHRAN DIRECTOR 0.50 X 0 0 0 CAROL COLE SECRETARY 1.00 X X 0 0 0 ANN FORT DIRECTOR 0.50 X 0 0 0 DR KYLE FORT CHAIRMAN 1.00 X X 0 0 0 DANIEL HALL DIRECTOR 0.50 X 0 0 0 EDWARD D KNIGHT III DIRECTOR 0.50 X 0 0 0 DR MARK C KILCOLLIN TREASURER 1.00 X X 0 0 0 DR MARY MONTGOMERY LINDQUIST DIRECTOR 0.50 X 0 0 0 DR PAT MCHALE DIRECTOR 0.50 X 0 0 0 STEPHEN P NEW DIRECTOR 0.50 X 0 0 0 DEBRA PARSONS DIRECTOR 0.50 X 0 0 0 SHARON ROWE VICE CHAIR 1.00 X X 0 0 0 35334 86138 4878 false false false 346607 346607 48905 48905 72667 21359 51308 51308 446820 100213 90350 90350 35334 13533 8957 12844 15800 6051 4006 5743 451 172 115 164 18319 7016 4644 6659 1169 448 296 425 OTHER OPERATIONAL EXPENSE 21675 8302 5494 7879 NIP CREDITS FEES 2580 2580 CONTRIBUTIONS & SPONSOR 1225 1225 CONTRACT LABOR 187 187 187090 127284 23512 36294 262296 440878 25000 25000 2775 1610785 1770698 1344155 1429912 3245011 3666488 12950 16152 182750 122500 195700 138652 X 33708 67867 3015603 3459969 3049311 3527836 3245011 3666488 X 259730 218795 X false true X true false X 203794 174998 214816 161515 346607 1101730 103944 96355 119538 107810 108110 535757 307738 271353 334354 269325 454717 1637487 1637487 62876 58069 65846 117937 48905 353633 77290 37735 57375 72667 245067 2236187 2588 0.73230 0.74190 X PART II, LINE 10 INVITATIONAL BASKETBALL REVENUE 245,067 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2269461 145532 198542 -28250 25500 -33187 2577598 2691362 46907 -341883 -91500 -5000 -30425 2269461 2199704 13226 510843 -31750 -661 2691362 2093011 78201 60367 -28120 -3755 2199704 1947979 59930 123792 -38690 2093011 false false BENEFICIAL INTEREST IN ASSETS HELD 1429912 1429912 795859 218795 108110 22134 349039 446820 446820 317334 108110 22134 130244 187090 187090 SCHEDULE D, PAGE 2, PART V, LINE 4 THE INTENDED USE OF THE FUNDS IS TO PROVIDE FOR STUDENT SCHOLARSHIPS FOR ATTENDEES OF NEW RIVER COMMUNITY AND TECHNICAL COLLEGE. SCHEDULE D, PAGE 4, PART XI, LINE 2D DIRECT EXP INCLUDED ON FORM 990, PARTVIII, LINES 8B 22,134 SCHEDULE D, PAGE 4, PART XII, LINE 2D DIRECT EXP INCLUDED ON FORM 990, PARTVIII, LINES 8B 22,134 INVITATIONAL BA 72667 72667 21359 72667 72667 21359 21359 51308 false PASS THROUGH SCHOLARSHIPS 60600 CASH ENDOWMENT SCHOLARSHIPS 27250 CASH CAPITAL CAMPAIGN SCHOLARS 2500 CASH SCHEDULE I, PAGE 1, PART I, LINE 2 THE FOUNDATION HAS A SCHOLARSHIP COMMITTEE THAT DETERMINES A RECOMMENDATION OF SCHOLARSHIPS EACH ACADEMIC YEAR. THESE RECOMMENDATIONS ARE PRESENTED TO THE BOARD OF DIRECTORS FOR THEIR APPROVAL. BEFORE SCHOLARSHIP AWARDS ARE PAID, IT IS VERIFIED THAT THE RECIPIENTS ARE ENROLLED AT NEW RIVER COMMUNITY AND TECHNICAL COLLEGE OR OTHER APPROVED INSTITUIONS FOR THE PERIOD THE GRANT APPLIES TO. FORM 990 - ORGANIZATION'S MISSION THE FOUNDAITON'S PURPOSE IS TO AID, STRENGTHEN, AND FURTHER IN EVERY PROPER WAY THE WORK AND SERVICES OF NEW RIVER COMMUNITY AND TECHNICAL COLLEGE, AN AGENCY OF THE STATE OF WEST VIGINIA. THE ORGANZATION IS OPERATED TO RECEIVE, HOLD, INVEST, AND ADMINSTER PROPERTY AND TO MAKE EXPENDITURES FOR THE BENEFIT OF NEW RIVER COMMUNITY & TECHNICAL COLLEGE AND ITS STUDENTS AND STAFF. FORM 990, PAGE 2, PART III, LINE 4D INDIRECT EXPENSES ALLOCATED TO THE FUNCTION OF STUDENT SUPPORT AND PROGRAM SERVICES. FORM 990, PAGE 6, PART VI, LINE 2 ANN FORT KYLE FORT DIRECTOR CHAIR FAMILY RELATIONSHIP DUE TO THE SIZE OF THE COMMUNITIES SERVED BY THE FOUNDATON, THERE IS THE POTENTIAL THAT TRANSACTIONS BETWEEN BOARD MEMBERS OCCUR AND THAT THEY HAVE RELATED PARTY TRANSACTIONS THE BOARD MEMBERS ARE AWARE OF THE THESE RELATIONSHIPS. FORM 990, PAGE 6, PART VI, LINE 11B ON OR ABOUT JANUARY 23, 2024 AND IN ADVANCE OF A TELEPHONIC MEETING TO APPROVE BOARD MEMBERS WERE PROVIDED A DRAFT FORM OF THIS FORM 990 FOR THEIR REVIEW ALONG WITH THE ATTACHED "CHECKLIST C501,BOARD REVIEW OF FORM 990", WHICH WAS PROVIDED FROM THE PREPARERS RESOURCES,SPECIFICALLY PRACTIONERS PUBLISHING COMPANY. THIS CHECKLIST PROVIDES A STRUCTURED APPROACH FOR THE INDIVIDUAL REVIEW OF THE FORM 990. THE BOARD MEMBERS WERE ENCOURAGED TO USE THIS AS A RESOURCE IN THEIR INDIVIDUAL REVIEWS. THEY WERE PROVIDED CONTACT INFORMATION FOR MARK COLLINS, THE PREPARER AND ASK TO POSE ANY QUESTIONS THEY MAY HAVE TO HIM OR MANAGEMENGT. IT IS PLANNED THAT IN ORDER FOR BOARD MEMBERS TO HAVE SUFFICIENT TIME FOR THEIR REVIEWS THE FORM 990 WILL BE FILED ON OR ABOUT FEBRUARY 28, 2024. FORM 990, PAGE 6, PART VI, LINE 12C POLICY REQUIRES BOARD MEMBERS TO SELF IDENTIFY A POTENTIAL CONFLICT OF INTEREST TO THE CHAIR OF THE BOARD OR THE FULL BOARD. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE. FORM 990, PART XI, LINE 9 DIRECT EXP INCLUDED ON FORM 990, PARTVIII, LINES 8B 22,134 DIRECT EXP INCLUDED ON FORM 990, PARTVIII, LINES 8B -22,134