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WEST VIRGINIA FINANCIAL EDUCATION FOUNDATION

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Tax-exempt status may be revoked

WEST VIRGINIA FINANCIAL EDUCATION FOUNDATION

EIN 04-3610357

What they do

The Foundation Conducted Get A Life Real Life Simulations for Middle School Students Throughout West Virginina to Demonstrate to Students Financial Benefits of Higher Education

Before you give

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Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders8 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

26.48%of revenue went to mission work56.2% of expenses · Program services
$47.11spent for every $100 of revenueRevenue covered expenses this year.
$5.57in assets for every $1 spent this yearSome assets cannot be spent right away.
99.5%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$68,856
Mission workProgram services$18,23026.48% of revenue56.2% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Revenue left after expensesReported annual surplus$36,42052.89% of revenueShown in gray on the chart
Total expenses$32,43647.11% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Money in and money out

Revenue$68,856
Expenses$32,436
Annual surplus $36,420 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$18,230 · 56.2% of expenses
See all reported dollar amounts
Revenue$68,856
Expenses$32,436
Assets$180,740
Contributions$68,500
Mission work (program services)$18,230
People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (8)

DIANA STOUTTREASURER

DONNA TANNERDIRECTOR

EDWIN WELCHPRESIDENT

JOE ELLISONDIRECTOR

JOHN D PERDUEVICE CHAIRMAN

JUDY MARGOLINSECRETARY

PHYLLIS H ARNOLDDIRECTOR

THOMAS A HEYWOODCHAIRMAN

About this charity

Location
1900 Kanawha Boulevard East, Charleston, WV 25305
County
Kanawha
In care of
Thomas A Heywood

How to reach them

Filing and classification

Latest tax year
2016
Tax period began
January 1, 2016
Tax preparer
ROWAN & ASSOCIATES CPAS PLLC
Revocation date
May 15, 2020

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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