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George E Stifel Endowment Fund FY2021 filing

Tax-deductible

Wheeling, WV501(c)(3)Foundations & Grantmakers EIN 55-6018247Revenue $182K in FY2021

On file with the IRS1 Bank Plz, 26003-3543 · Wheeling, WVTax-exempt since May 2001Supporting organization — 509(a)(3)

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At least 85% of the accounting income including short term capitalgains are to be distributed annually as the George E Stifel prizes tostudents in the 5th, 6th, 7th, and 8th grades and in high school ateach of the public schools within ohio county, WV in such varyingamounts to be determined by the trustees. The prizes in 5th - 8thgrades shall be awarded to the scholar who shall have attained thebest gpa in the previous school year. In high school, the awards maybe made on the same basis or for excellence in individual studies inthe discretion of the trustees. Any excess funds after prizes shallbe used for scholarships to aid deserving students to obtain a bettereducation from schools administered by the ohio county board ofeducation. To the extent the trustees DO not award all of the netincome for prizes and scholarships for any year, the trust shall paythe excess income to the ovhs&E foundation and medical park foundation, in equal shares.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $30K a year · 9% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Plus $3.0M in investments, Pt X · Ln 11–13
Looks good: 7.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$182K
-20% vs prior year
Spent
$256K
To programs
90%
Net assets
$3.1M
By yearFY2020–FY2024
Revenue
$182K
FY2021▼ -20%
Tap a bar for its year
Revenue by fiscal year
FY2020$227K
FY2021$182K
FY2022$414K
FY2023$366K
FY2024$476K
Expenses
$256K
FY2021+0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$256K
FY2021$256K
FY2022$320K
FY2023$374K
FY2024$306K
Net assets
$3.1M
FY2021▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.1M
FY2022$3.2M
FY2023$3.2M
FY2024$3.4M

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2001.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $230K Management & general 10% · $26K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See George E Stifel Endowment Fund 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards cash prizes to Ohio County, WV students for academic achievement.

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Provided by the organization

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1 program · $230K · in their own filed words · FY2021
01

At least 85% of the accounting income including short term capitalgains are to be distributed annually as the george e stifel prizes tostudents in the 5TH, 6TH, 7TH, and 8TH grades and in high school ateach of the public schools in ohio county, WV in such varying amountsto be determined by the trustees.

$230Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 13 grants · $1.4M · 2020–2024
Unitemized GrantFY2024$201,100
Ohio County SchoolsFY2024$77,788
Unitemized GrantFY2023$211,540
Ohio County SchoolsFY2023$79,903
George E Stifel Scholarship FundWV · FY2023$58,216
Unitemized GrantFY2022$202,880
Ohio County SchoolsFY2022$92,360
Unitemized GrantFY2021$134,440
Ohio County SchoolsFY2021$75,514
George E Stifel Scholarship FundWV · FY2021$14,469
Ohio County SchoolsFY2021$5,633
Unitemized GrantFY2020$166,986
George E Stifel Scholarship FundWV · FY2020$66,332

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$182K
Ln 12
Investment incomeLn 3$182K
Money outPt IX
$256K
Ln 25
Programscol B$230K
Managementcol C$26K
Owns and owesPt X
$3.1M
net assets · Ln 32
Cash and savingsLn 1–2$150K
Total assetsLn 16$3.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$182K
Gains on assetsLn 7$60K
Total revenueLn 12$182K
Assets in detailPt X, end of year
SavingsLn 2$150K
Cash and savings togetherLn 1–2$150K
InvestmentsLn 11–13$3.0M
Total assetsLn 16$3.1M
LiabilitiesLn 26$0
Net assetsLn 32$3.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$242K$150K
InvestmentsLn 11–13$3.0M$3.0M
Total assetsLn 16$3.2M$3.1M
LiabilitiesLn 26$0$0
Net assetsLn 32$3.2M$3.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$96K$96K
Grants to domestic individualsLn 2$134K$134K
Accounting feesLn 11c$675$675
Investment management feesLn 11f$25K$25K
Other fees for servicesLn 11g$442$442
Total functional expensesLn 25$256K$230K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $476K$306K$169K$3.4M 990 PDF
FY2023 $366K$374K−$9K$3.2M 990 PDF
FY2022 $414K$320K$94K$3.2M 990 PDF
FY2021 Viewing $182K$256K−$75K$3.1M 990 PDF
FY2020 $227K$256K−$28K$3.2M 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 FY2021 990 (6 parts)
Part I · Summary $181,678 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $227,396$181,678
I-11 Other revenue$0
I-12 Total revenuePrior year $227,396$181,678
I-13 Grants and similar amounts paidPrior year $233,318$230,056
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $22,379$26,325
I-18 Total expensesPrior year $255,697$256,381
I-19 Revenue less expensesPrior year −$28,301−$74,703
Part VI · Governance 3 of 3 board members independent, 5 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $181,678 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $122,086$122,086
VIII-7 Net gain or loss on sales of assetsExcluded from tax $59,592$59,592
VIII-12 Total revenueExcluded from tax $181,678$181,678
Part IX · Statement of functional expenses $256,381 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $95,616$95,616
IX-2 Grants to domestic individualsPrograms $134,440$134,440
IX-11c Accounting feesManagement $675$675
IX-11f Investment management feesManagement $25,208$25,208
IX-11g Other fees for servicesManagement $442$442
IX-25 Total functional expensesPrograms $230,056 · Management $26,325 · Fundraising $0$256,381
Part X · Balance sheet $3,127,392 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $241,858$150,383
X-4 Accounts receivableStart of year $6,599$23,757
X-12 Other securitiesStart of year $2,953,638$2,953,252
X-16 Total assetsStart of year $3,202,095$3,127,392
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $3,202,095$3,127,392
X-33 Total liabilities and net assetsStart of year $3,202,095$3,127,392
Part XI · Reconciliation of net assets $3,127,392 net assets at year end
XI-1 Total revenue$181,678
XI-2 Total expenses$256,381
XI-3 Revenue less expenses−$74,703
XI-4 Net assets at start of year$3,202,095
XI-10 Net assets at end of year$3,127,392

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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