Overview
What is Alderson-Broaddus Endowment Corporation?
Alderson-Broaddus Endowment Corporation is a nonprofit organization situated in Philippi, West Virginia. Its primary mission is to support Alderson Broaddus University, providing funds through a capital lease agreement. As a result of these financial contributions, the university was able to award 695 scholarships during the year ending June 30, 2022. The corporation's benevolent efforts significantly contribute to the educational opportunities at Alderson Broaddus University.
Is Alderson-Broaddus Endowment Corporation legitimate?
Alderson-Broaddus Endowment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alderson-Broaddus Endowment Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Alderson-Broaddus Endowment Corporation?
The Alderson-Broaddus Endowment Corporation's mission is centered around providing support for Alderson Broaddus University Inc. Specifically, the corporation achieves this by providing financial assistance through a capital lease agreement. This funding, in turn, enables Alderson Broaddus University to award scholarships to a substantial number of students. During the year ending June 30, 2022, 695 scholarships were awarded as a direct result of the Endowment Corporation's support. In essence, the corporation's role is to bolster the educational opportunities at Alderson Broaddus University by providing essential financial aid.
Who is the CEO of Alderson-Broaddus Endowment Corporation?
Bruce Blankenship is the President of Alderson-Broaddus Endowment Corporation.
What is the revenue of Alderson-Broaddus Endowment Corporation?
Alderson-Broaddus Endowment Corporation's revenue in 2022 was $6,656.
Who are the executives of Alderson-Broaddus Endowment Corporation and what are their salaries?
There 3 volunteers at Alderson-Broaddus Endowment Corporation.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Alderson-Broaddus Endowment Corporation?
Alderson-Broaddus Endowment Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alderson-Broaddus Endowment Corporation
Alderson-Broaddus Endowment Corporation, as the name suggests, is dedicated to providing support to Alderson Broaddus University Inc. This support is materialized through a capital lease agreement. The primary mission of the Endowment Corporation is to aid Alderson Broaddus University in its operations. This assistance, in turn, allows the university to award scholarships to a significant number of students. During the year ending June 30, 2022, Alderson Broaddus University was able to grant 695 scholarships thanks to the Endowment Corporation's financial backing. In essence, Alderson-Broaddus Endowment Corporation serves as a crucial supporter of Alderson Broaddus University, enabling it to provide educational opportunities to a substantial number of students.
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Impact
October, 2024
The Alderson-Broaddus Endowment Corporation plays a crucial role in supporting Alderson Broaddus University by facilitating a capital lease agreement that enhances the university's resources and capabilities. Through its financial contributions, the corporation has a significant impact on student access to education, as demonstrated by the awarding of 695 scholarships during the fiscal year ending June 30, 2022. This support not only alleviates financial burdens for students but also fosters a diverse academic community within the university. Operating out of Philippi, West Virginia, the Alderson-Broaddus Endowment Corporation's mission highlights a commitment to the advancement of higher education, underscoring its vital role in shaping the educational landscape in the region through philanthropy.
This information is meant to be a general summary of Alderson-Broaddus Endowment Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $165
- Gross Receipts: $6,656
Assets and Liabilities:
- Total Assets: $33,474,335
- Total Liabilities: $28,895,099
- Net Assets: $4,579,236
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Organization Details
Founding Year
1976
Phone
(304) 457-1700Principal Officer
Bruce Blankenship
Main Address
101 College Hill Drive Box 2004, Philippi, WV, 26416
NTEE Category
Code: T90Z - Philanthropy
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