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Mountwest Foundation INC FY2020 filing

Tax-deductible

Huntington, WV501(c)(3)Education EIN 27-0288078Revenue $97K in FY2020

On file with the IRS1 Mountwest Way, 25701-9804 · Huntington, WVTax-exempt since Jul 2009College/university support org — 170(b)(1)(A)(iv)

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To operate as an independent non-profit organization to receive, administer, and disburse private scholarships to students of Mountwest community and technical college.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $119K a year · 45% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
70 mo
of spending, in cash
Looks good: 70.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $29K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$100K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$97K
Spent
$131K
To programs
100%
Net assets
$663K
By yearFY2020–FY2025
Revenue
$97K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$97K
FY2021$70K
FY2022$20K
FY2023$182K
FY2024$195K
FY2025$1.0M
Expenses
$131K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$131K
FY2021$16K
FY2022$7K
FY2023$136K
FY2024$62K
FY2025$514K
Net assets
$663K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$663K
FY2021$716K
FY2022$729K
FY2023$916K
FY2024$1.0M
FY2025$1.5M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $131K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Vicki Dunn-Marshall
Vice President
$0Pt VII · Sec A
Diane Strong
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Dan Ware
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mountwest Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides private scholarships to students attending MCTC.

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Provided by the organization

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2 programs · $131K · in their own filed words · FY2019
01

The foundation provides support to individual departments and units of the college to supplement their programs. The foundation also provides additional resources for programs, travel, training, administrative support, and supplies for college departments and units.

$83Kprogram expense
02

The foundation provides support in the form of scholarships and awards to students of mountwest community and technical college.

$47Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Mightycause Charitable FoundationFY2024$11K
Encova Foundation of West VirginiaFY2024$8K
Huntington Foundation INCFY2024$5K
Huntington Clinical Foundation INCFY2024$5K
Total grants receivedfrom 4 funders$29K
See all 4 funders →
Grants paid · 4 grants · $122K · 2019–2021
Unitemized GrantFY2021$2,000
Unitemized GrantFY2020$2,300
Mountwest Community and Technical CollegeFY2019$70,000
Unitemized GrantFY2019$47,234

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$97K
Ln 12
Gifts and grantsLn 1h$62K
Investment incomeLn 3$35K
Money outPt IX
$131K
Ln 25
Programscol B$131K
Owns and owesPt X
$663K
net assets · Ln 32
Cash and savingsLn 1–2$762K
Total assetsLn 16$762K
LiabilitiesLn 26$100K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62K
Fundraising eventsLn 1c$10K
Investment incomeLn 3$35K
Total revenueLn 12$97K
Assets in detailPt X, end of year
CashLn 1$174K
SavingsLn 2$588K
Cash and savings togetherLn 1–2$762K
Total assetsLn 16$762K
LiabilitiesLn 26$100K
Net assetsLn 32$663K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$716K$762K
Total assetsLn 16$717K$762K
LiabilitiesLn 26$15K$100K
Net assetsLn 32$702K$663K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$70K$70K
Grants to domestic individualsLn 2$49K$49K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$4K$4K
Office expensesLn 13$2K$2K
Conferences, conventions and meetingsLn 19$299$299
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$131K$131K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$514K$500K$1.5M 990 PDF
FY2024 $195K$62K$133K$1.0M 990 PDF
FY2023 $182K$136K$46K$916K 990 PDF
FY2022 $20K$7K$13K$729K 990 PDF
FY2021 $70K$16K$54K$716K 990 PDF
FY2020 Viewing $97K$131K−$34K$663K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $97,051 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $42,729$61,692
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $18,802$35,359
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $61,531$97,051
I-13 Grants and similar amounts paidPrior year $20,010$119,050
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,365$11,533
I-18 Total expensesPrior year $35,375$130,583
I-19 Revenue less expensesPrior year $26,156−$33,532
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $97,051 across 6 lines filed
VIII-1c Fundraising events$9,558
VIII-1f All other contributions, gifts and grants$52,134
VIII-1h Total contributions, gifts and grants$61,692
VIII-3 Investment incomeExcluded from tax $35,359$35,359
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $35,359$97,051
Part IX · Statement of functional expenses $130,583 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $70,000$70,000
IX-2 Grants to domestic individualsPrograms $49,050$49,050
IX-11c Accounting feesPrograms $1,200$1,200
IX-11f Investment management feesPrograms $4,203$4,203
IX-13 Office expensesPrograms $1,829$1,829
IX-19 Conferences, conventions and meetingsPrograms $299$299
IX-23 InsurancePrograms $1,830$1,830
IX-24 Other expenses (24a–d)Programs $2,172$2,172
IX-25 Total functional expensesPrograms $130,583 · Management $0 · Fundraising $0$130,583
Part X · Balance sheet $762,188 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $124,187$174,304
X-2 Savings and temporary cash investmentsStart of year $592,192$587,666
X-4 Accounts receivableStart of year $750$218
X-16 Total assetsStart of year $717,129$762,188
X-17 Accounts payable and accrued expensesStart of year $0$84,525
X-19 Deferred revenueStart of year $15,000$15,000
X-26 Total liabilitiesStart of year $15,000$99,525
X-27 Net assets without donor restrictionsStart of year $258,631$219,165
X-28 Net assets with donor restrictionsStart of year $443,498$443,498
X-32 Total net assets or fund balancesStart of year $702,129$662,663
X-33 Total liabilities and net assetsStart of year $717,129$762,188
Part XI · Reconciliation of net assets $662,663 net assets at year end
XI-1 Total revenue$97,051
XI-2 Total expenses$130,583
XI-3 Revenue less expenses−$33,532
XI-4 Net assets at start of year$702,129
XI-5 Net unrealized gains (losses) on investments−$9,732
XI-8 Prior period adjustments$3,798
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$662,663

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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