Mountwest Foundation Inc in Huntington, West Virginia (WV)
Table of contents:
| Mountwest Foundation Inc | |
| Employer Identification Number (EIN) | 270288078 |
| Name of Organization | Mountwest Foundation Inc |
| In Care of Name | Mctc Foundation |
| Address | 1 Mountwest Way, Huntington, WV 25701-9804 |
| Subsection | Charitable Organization |
| Ruling Date | 07/2009 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which operates for benefit of college or university and is owned or operated by a governmental unit |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 06/2014 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $385,964 |
| Amount of Income | $137,729 |
| Form 990 Revenue Amount | $134,940 |
| National Taxonomy of Exempt Entities (NTEE) | Educational Institutions and Related Activities: Fund Raising and/or Fund Distribution |
Non-representatives - add comments:
Amount of income in 2014: $137,729 (it was $84,949 in 2013)
| Mountwest Foundation Inc: | $137,729 |
| Other organizations performing similar types of work: | $68,292 |
Assets in 2014: $385,964 (it was $297,584 in 2013)
| This organization: | $385,964 |
| Other organizations performing similar types of work: | $56,708 |
Expenses in 2014: $81,713
| Mountwest Foundation Inc: | $81,713 |
| Other organizations performing similar types of work: | $47,239 |
Income to expenses ratio in 2014: 1.7
| This organization: | 1.7 |
| Other organizations performing similar types of work: | 1.8 |
Grants share in income in 2014: 98.4%
| This organization: | 98.4% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2014
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total revenue | $17,576 | $58,791 | $66,553 | $134,940 |
| Contributions, gifts, grants, and similar amounts received | $7,173 | $46,672 | $78,919 | $132,838 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $2 | $1,330 | $4,533 | $4,891 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $-17,454 | $-2,789 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $0 | $0 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $17,454 | $2,789 |
| Gross profit/loss from sales of inventory | $0 | $0 | $555 | $0 |
| Other revenue | $10,401 | $10,789 | $0 | $0 |
| Total expenses | $35,674 | $52,315 | $42,493 | $81,713 |
| Total net assets | $235,799 | $242,275 | $281,317 | $370,964 |
| Excess/Deficit for the year | $-18,098 | $6,476 | $24,060 | $53,227 |
| Net assets or fund balances at beginning of year | $39,926 | $235,799 | $242,275 | $281,317 |
| Other changes in net assets or fund balances | $213,971 | $0 | $14,982 | $36,420 |
| Net assets or fund balances at end of year | $242,275 | $281,317 | $370,964 | |
| Balance Sheets | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Total assets | $252,087 | $272,763 | $297,584 | $385,964 |
| Total liabilities | $16,288 | $30,488 | $16,267 | $15,000 |
| Net assets or fund balances | $235,799 | $242,275 | $281,317 | $370,964 |
| Other Information | ||||
| 2011 | 2012 | 2013 | 2014 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No | |
| Total amount involved | $0 | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No | |
| Reason for Public Charity Status (for 2014) | |
| The organization is not a private foundation because it is: | A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2010 - 2014) | |
| 2010 - 2014 Total | |
|---|---|
| Public Support | $274,936 |
| Subtotal Support | $274,936 |
| Gifts, grants, contributions, and membership fees received | $274,936 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $285,692 |
| Public Support | $274,936 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $10,756 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $71,696 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | The University Of Arkansas Fort Smith Foundation Inc | PO BOX 3649, Fort Smith, AR 72913-3649 | AR | 1975-01 | $25,316,256 |
| 2 | Rsf Social Investment Fund Inc | 1002 Oreilly Ave, San Francisco, CA 94129-5257 | CA | 2000-12 | $4,721,971 |
| 3 | The Elizabeth Bowers Zambia Education Fund | Po Box 294, Salem, OR 97308-0294 | OR | 2007-03 | $49,547 |
| 4 | Foundation For Engineering At The University Of Oklahoma Inc | 100 Timberdell Rd, Norman, OK 73019-5016 | OK | 2012-03 | $58,930,380 |
| 5 | Philadelphia Schools Project | 150 S Independence Mall W Ste 1200, Philadelphia, PA 19106-3412 | PA | 2010-12 | $22,186,376 |
| 6 | Salesforce Com Foundation | The Landmark Bldg 1 Market Street, San Francisco, CA 94105 | CA | 2000-05 | $14,572,539 |
| 7 | Manhattan Beach Education Foundation Endowment Fund | PO BOX 1110, Manhattan Bch, CA 90267-1110 | CA | 2012-10 | $12,077,677 |
| 8 | Huo Family Foundation | 666 Fifth Ave, New York, NY 10103-0001 | NY | 2010-04 | $10,533,234 |
| 9 | Southern Oklahoma Higher Educationfoundation | 611 Veterans Blvd, Ardmore, OK 73401-9024 | OK | 2006-11 | $10,250,981 |
| 10 | Independent College Enterprise Inc | 2300 Maccorkle Ave Se, Charleston, WV 25304-1045 | WV | 2000-12 | $1,859,246 |
| 11 | Mountwest Foundation Inc | 1 Mountwest Way, Huntington, WV 25701-9804 | WV | 2009-07 | $137,729 |
| 12 | Friends Of The H-C-W Animal Shelter Inc | PO BOX 1991, Huntington, WV 25720-1991 | WV | 2013-07 | $12,865 |
| 13 | Lumberjack Athletic Club Inc | 1 Valley Ave, Richwood, WV 26261-1367 | WV | 2015-04 | $0 |
| 14 | Richwood High School Academic Boosters Club | P O Box 136, Richwood, WV 26261 | WV | 2014-09 | $0 |
| 15 | Segc Boosters Inc | 3272 Jefferson Street North Pmb 173, Lewisburg, WV 24901-9616 | WV | 2014-12 | $0 |
| 16 | Waverly Elementary Parent Teacher Organization | 422 Virginia Street, Waverly, WV 26184 | WV | 2005-09 | $0 |
| 17 | Wcb Foundation | 300 Chicago Street, Fairmont, WV 26554 | WV | 2007-12 | $0 |
| 18 | Westside Foundation | PO BOX 31, Mullens, WV 25882 | WV | 2002-12 | $0 |
| 19 | Wheeling Park High School Hockey Club | 160 N 21st St, Wheeling, WV 26003-7060 | WV | 2009-11 | $0 |
| 20 | Winfield High School Girls Basketball Boosters | 4 Clark Circle, Scott Depot, WV 25560 | WV | 2008-10 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,586 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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