VIA-BRADELY COLLEGE OF ENGINEERING FOUNDATION: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- VIA-BRADELY COLLEGE OF ENGINEERING FOUNDATION (EIN 52-2283401)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-06-21
- IRS object ID
- 202221729349100502
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Expenditure Responsibility Stmt
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Mortgages And Notes Payable Sch
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-06-21T08:48:29-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1021 EAST CARY STREET SUITE 2000 | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23219 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 522283401 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VIA-BRADLEY COLLEGE OF ENGINEERING FOUND | BusinessNameLine1Txt |
| Business Name Line2 | C/O FIRST PREMIER BANK TRUST DEPARTMENT | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VIA- | BusinessNameControlTxt |
| Phone | 5407748800 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 S MINNESOTA | AddressLine1Txt |
| City | SIOUX FALLS | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57104 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN G ROCOVICH JR | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 5407748800 | PhoneNum |
| Signature | 2022-06-20 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOHN | PersonFirstNm |
| Person Last | ROCOVICH JR | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | CHRISTINE G TAUCHEN | PreparerPersonNm |
| PTIN | P01320000 | PTIN |
| Phone | 8047824200 | PhoneNum |
| Preparation | 2022-06-20 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $33,602,136 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $180,000 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $914 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $914 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $117,700 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $117,700 | DividendsNetInvstIncmAmt |
| Gross Rents Rev And Expnss | $1,890,901 | GrossRentsRevAndExpnssAmt |
| Gross Rents Net Invst Incm | $1,890,901 | GrossRentsNetInvstIncmAmt |
| Net Rental Income Or Loss | $863,894 | NetRentalIncomeOrLossAmt |
| Net Gain Sale Ast Rev And Expnss | $806,128 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $8,148,660 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $806,128 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $156,122 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $156,122 | OtherIncomeNetInvstIncmAmt |
| Other Income Adj Net Incm | $0 | OtherIncomeAdjNetIncmAmt |
| Total Rev And Expnss | $3,151,765 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $2,971,765 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $0 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $101,478 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $93,394 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $0 | AccountingFeesChrtblPrpsAmt |
| Interest Rev And Expnss | $480,263 | InterestRevAndExpnssAmt |
| Interest Net Invst Incm | $340,733 | InterestNetInvstIncmAmt |
| Interest Adj Net Incm | $0 | InterestAdjNetIncmAmt |
| Interest Dsbrs Chrtbl | $0 | InterestDsbrsChrtblAmt |
| Taxes Rev And Expnss | $19,532 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $2,032 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $441,925 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $441,925 | DeprecAndDpltnNetInvstIncmAmt |
| Deprec And Dpltn Adj Net Incm | $0 | DeprecAndDpltnAdjNetIncmAmt |
| Other Expenses Rev And Expnss | $460,267 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $460,267 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $0 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $1,503,465 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,338,351 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $0 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,345,215 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $1,214,301 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,848,680 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,338,351 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,214,301 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $303,085 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $1,633,414 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash EOY | -$1 | CashEOYAmt |
| Cash EOYFMV | -$1 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $1,596,015 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $3,795,743 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $3,795,743 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $1,400,000 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $6,370,137 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $1,400,000 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $1,400,000 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $39,016 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $61,205 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $61,205 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $5,307,721 | CorporateStockBOYAmt |
| Corporate Stock EOY | $12,785,009 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $12,785,009 | CorporateStockEOYFMVAmt |
| Invst Land Cost Or Other Basis | $17,697,184 | InvstLandCostOrOtherBasisAmt |
| Invst Land Accum Depreciation | $7,283,858 | InvstLandAccumDepreciationAmt |
| Land Bldg Investments BOY | $10,855,251 | LandBldgInvestmentsBOYAmt |
| Land Bldg Investments EOY | $10,413,326 | LandBldgInvestmentsEOYAmt |
| Land Bldg Investments EOYFMV | $10,413,326 | LandBldgInvestmentsEOYFMVAmt |
| Other Investments BOY | $3,214,034 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,046,652 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $5,046,652 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $92,938 | OtherAssetsBOYAmt |
| Other Assets EOY | $100,202 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $100,202 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $27,475,112 | TotalAssetsBOYAmt |
| Total Assets EOY | $33,602,136 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $33,602,136 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $42,414 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $312,868 | AccountsPayableEOYAmt |
| Grants Payable BOY | $2,104,806 | GrantsPayableBOYAmt |
| Grants Payable EOY | $2,235,720 | GrantsPayableEOYAmt |
| Mortgages And Notes Payable BOY | $13,268,918 | MortgagesAndNotesPayableBOYAmt |
| Mortgages And Notes Payable EOY | $16,895,756 | MortgagesAndNotesPayableEOYAmt |
| Other Liabilities BOY | $62,465 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $57,912 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $15,478,603 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $19,502,256 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $11,996,509 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $14,099,880 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $11,996,509 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $14,099,880 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $27,475,112 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $33,602,136 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $11,996,509 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $303,085 | ExcessRevenueOverExpensesAmt |
| Other Increases | $1,803,712 | OtherIncreasesAmt |
| Subtotal | $14,103,306 | SubtotalAmt |
| Other Decreases | $3,426 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $14,099,880 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (5 entries)
| PropertyPropertyDesc | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| ST CAPITAL GAIN- PUBLICLY TRADED SECURITIES | 2021-12-31 | $717,629 | $659,399 | $58,230 | $58,230 |
| LT CAPITAL GAIN - PUBLICLY TRADED | 2021-12-31 | $7,106,804 | $6,683,133 | $423,671 | $423,671 |
| ST CAPITAL GAIN- VIA GROUP | 2021-12-31 | $1,937 | $1,937 | $1,937 | |
| LT CAPITAL GAIN - VIA GROUP | 2021-12-31 | $321,708 | $321,708 | $321,708 | |
| CAPITAL GAIN DISTRIBUTIONS | $582 | $582 | $582 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $806,128 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $22,704 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $22,704 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $22,704 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $14,309 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $11,500 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $25,809 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $3,105 | OverpaymentAmt |
| Applied To ES Tax | $3,105 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | SD | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | N/A | WebsiteAddressTxt |
| Individual With Books | THE FOUNDATION CO FPB | IndividualWithBooksNm |
| Phone | 6053351786 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 500 S MINNESOTA | AddressLine1Txt |
| City | SIOUX FALLS | CityNm |
| State Abbreviation | SD | StateAbbreviationCd |
| ZIP | 57104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Maintained Expenditure Rspns | Yes (1) | MaintainedExpenditureRspnsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| DAVID G HOTTMANN | ||||||||
| 708 EAST ST ANDREWS DRIVE | SIOUX FALLS | SD | 571084669 | DIRECTOR/SECRETARY | 1.00 | $0 | $0 | $0 |
| FREDERICK P STRATTON JR | ||||||||
| 9608 N JUNIPER STREET | MEQUON | WI | 50392 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ELIZABETH CLINE | ||||||||
| PO BOX 797 | FINCASTLE | VA | 24090 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JOHN G ROCOVICH JR | ||||||||
| 5264 FALCON RIDGE ROAD | ROANOKE | VA | 24018 | DIRECTOR/PRESIDENT | 1.00 | $0 | $0 | $0 |
| DENNIS A BARBOUR | ||||||||
| 4415 ELECTRIC ROAD | ROANOKE | VA | 24108 | ASSISTANT SECRETARY | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1021 EAST CARY STREET SUITE 2000 | AddressLine1Txt |
| City | RICHMOND | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 23219 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | AUDIT & TAX SERVICES | ServiceTypeTxt |
| Compensation | $80,843 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $11,313,697 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,887,624 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $781,339 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $15,982,660 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $15,982,660 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $239,740 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $15,742,920 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $787,146 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $787,146 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $22,704 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $22,704 | TotalTaxAmt |
| Distributable Before Adj | $764,442 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $764,442 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $764,442 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,214,301 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,214,301 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $764,442 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,693,173 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,098,476 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,859,491 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $1,741,665 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $2,804,235 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $9,197,040 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,214,301 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $764,442 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $449,859 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $9,646,899 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $1,693,173 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $7,953,726 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,098,476 | ExcessFromYear4Amt |
| Excess From Year3 | $1,859,491 | ExcessFromYear3Amt |
| Excess From Year2 | $1,741,665 | ExcessFromYear2Amt |
| Excess From Year1 | $2,804,235 | ExcessFromYear1Amt |
| Excess From Current Year | $449,859 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (2 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient RelationshipRecipientRelationshipTxt | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|---|
| OGLETREE RESOURCES CORPORATION | |||||||
| 4415 ELECTRIC ROAD | ROANOKE | VA | 24018 | NONE | NC | EDUCATIONAL | $14,301 |
| VIRGINIA TECH | |||||||
| 233 BURRUSS HALL | BLACKSBURG | VA | 240010079 | NONE | PC | EDUCATIONAL | $1,200,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $1,214,301 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $914 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $117,700 | ExclusionAmt |
Net Rntl Incm Re Debt Fincd Prop NetRntlIncmReDebtFincdPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 16 | ExclusionCd |
| Exclusion | $863,894 | ExclusionAmt |
Other Investment Income OtherInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $156,122 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $806,128 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $1,944,758 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $1,944,758 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | Yes (1) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail (2 entries)
| Organization TypeOrganizationTypeDesc | Relationship DescriptionRelationshipDescriptionTxt |
|---|---|
| OGLETREE RESOURCES CORPORATION | |
| 501(C)(4) | SHARE ONE DIRECTOR |
| HARVEY W PETERS (VA) HOLDING CORPORATION | |
| 501(C)(2) | AFFILIATED ENTITY |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EDWARD BECHER VIA | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6541 TALLWOOD DRIVE | AddressLine1Txt |
| City | ROANOKE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24018 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $180,000 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| KPMG | $80,843 | $72,759 | $0 | $0 |
| BROWN EDWARDS | $20,635 | $20,635 | $0 | $0 |
Expenditure Responsibility Stmt ExpenditureResponsibilityStmt
Expenditure Responsibility ExpenditureResponsibilityGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | OGLETREE RESOURCES CORPORATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4415 ELECTRIC ROAD | AddressLine1Txt |
| City | ROANOKE | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 24018 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant | 2018-10-31 | GrantDt |
| Grant | $3,157,500 | GrantAmt |
| Purpose Of Grant | FINANCIAL ASSISTANCE FOR THE FINANCING AND DEVELOPMENT OF MONROE, LOUISIANA CAMPUS OF VCOM | PurposeOfGrantTxt |
| Expended By Grantee | $14,301 | ExpendedByGranteeAmt |
| Any Diversion By Grantee | NO | AnyDiversionByGranteeTxt |
| Dates Of Reports By Grantee | 12/31/21 | DatesOfReportsByGranteeTxt |
| Verification | 2021-12-31 | VerificationDt |
| Results Of Verification | THE GRANT WAS UTILIZED BY OGLETREE IN PROVIDING FINANCIAL ASSISTANCE FOR THE OVERALL DEVELOPMENT, FINANCING AND CONSTRUCTION OF THE MONROE, LOUISIANA CAMPUS OF THE EDWARD VIA VIRGINIA COLLEGE OF OSTEOPATHIC MEDICINE AS AGREED UPON IN THE EXPENDITURE RESPONSIBILITY AGREEMENT. | ResultsOfVerificationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | CORPORATE STOCK | StockNm |
| EOY Book Value | $12,785,009 | EOYBookValueAmt |
| EOYFMV | $12,785,009 | EOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (5 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| AXON A-2 INVESTORS, LLC | FMV | $159,339 | $159,339 |
| NEXTERA | FMV | $87,523 | $87,523 |
| BMO WEALTH MANAGEMENT | FMV | $2,705,460 | $2,705,460 |
| IRIDIAN PRIVATE BUSINESS | FMV | $1,085,783 | $1,085,783 |
| OAKTREE GLOBAL | FMV | $1,008,547 | $1,008,547 |
Mortgages And Notes Payable Sch MortgagesAndNotesPayableSch
Note Payable NotePayableGrp (5 entries)
| Insider RelationshipInsiderRelationshipTxt | Loan OriginalLoanOriginalAmt | Balance DueBalanceDueAmt | NoteNoteDt | Loan MaturityLoanMaturityDt | Repayment TermsRepaymentTermsTxt | InterestInterestRt | Security Provided BorrowerSecurityProvidedBorrowerTxt | Loan PurposeLoanPurposeTxt | Lender ConsiderationLenderConsiderationDesc | Consideration FMVConsiderationFMVAmt |
|---|---|---|---|---|---|---|---|---|---|---|
| HARVEY W PETERS RESEARCH FOUNDATION | ||||||||||
| AFFILIATED ENTITY | $4,867,000 | $4,446,880 | 2012-12 | 2021-12 | INTEREST PAYMENTS DUE MONTHLY; OUTSTANDING PRINCIPAL DUE UPON MATURITY. | 2.950000000000 | NONE | PROVIDE MONEY TO OGLETREE IN ORDER TO FULFILL ITS EXEMPT PURPOSE. | CASH | $4,867,000 |
| ATLANTIC UNION BANK | ||||||||||
| NONE | $3,150,000 | $3,681,359 | 2016-04 | 2026-04 | 119 MONTHLY PAYMENTS OF $20,032 AND FINAL INSTALLMENT OF $2,158,208. | 2.340000000000 | DEED ON REAL ESTATE KNOWN AS LOT C KNOLLWOOD & LOT A KNOLLWOOD | REFINANCE EXISTING REAL ESTATE LOAN AND FINANCE IMPROVEMENTS. | CASH | $3,150,000 |
| NATIONAL BANK | ||||||||||
| NONE | $8,960,000 | $8,767,517 | 2009-10 | 2035-11 | JUNE 1, 2021 - 120 MONTHLY PRINCIPAL AND INTEREST PAYMENTS OF $49,692. | 3.000000000000 | DEED OF TRUST ON VE HOLDINGS LLC RESEARCH BUILDING | PAY DOWN BMO LINE OF CREDIT AND FINANCE VE HOLDINGS LLC CONSTRUCTION COSTS | CASH | $8,960,000 |
| BMO HARRIS BANK NA | ||||||||||
| NONE | $1,000,000 | $0 | LINE OF CREDIT - DUE ON DEMAND | 2.950000000000 | INVESTMENT ASSETS HELD BY THE MARION BRADLEY VIA GLASS & PARTITION TRUST | ADDITIONAL LIQUIDITY FOR INVESTMENTS | CASH | $1,000,000 | ||
| HARVEY W PETERS RESEARCH FOUNDATION | ||||||||||
| AFFILIATED ENTITY | $200,000 | $0 | 2020-12 | 2025-12 | $40,000 OF PRINCIPAL AND ACCRUED INTEREST DUE ANNUALLY. | 3.250000000000 | ADDITIONAL LIQUIDITY FOR INVESTMENTS | CASH | $200,000 | |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (5 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| DIVIDEND & INTEREST RECEIVABLE | $3,567 | $6,265 | $6,265 |
| INTEREST RECEIVABLE - HWPRF | $61,316 | $89,616 | $89,616 |
| ACCRUED INTEREST RECEIVABLE | $768 | $1,012 | $1,012 |
| FEDERAL EXCISE TAX RECEIVABLE | $6,735 | $3,309 | $3,309 |
| INTEREST RECEIVABLE - OGLETREE | $20,552 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | 2020 CHANGE IN EXCISE TAX PAYABLE | Desc |
| Amt | $3,426 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (16 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| UTILITIES/RENT EXPENSES | $301 | $301 | $0 | $0 |
| INVESTMENT MANAGEMENT FEES | $123,980 | $123,980 | $0 | $0 |
| CUSTODIAN FEES | $8,577 | $8,577 | $0 | $0 |
| FOREIGN CONVERSION EXPENSES | $58 | $58 | $0 | $0 |
| MANAGEMENT FEES - RENTAL | $29,795 | $29,795 | $0 | $0 |
| AMORTIZATION EXPENSE - RENTAL | $5,214 | $5,214 | $0 | $0 |
| PROFESSIONAL FEES - RENTAL | $1,231 | $1,231 | $0 | $0 |
| MISCELLANEOUS EXPENSE | $86,515 | $86,515 | $0 | $0 |
| LANDSCAPING FEES - RENTAL | $26,210 | $26,210 | $0 | $0 |
| LAND LEASE PAYMENT - RENTAL | $80,005 | $80,005 | $0 | $0 |
| INSURANCE - RENTAL | $16,904 | $16,904 | $0 | $0 |
| OUTSIDE CONTRACT SERVICES | $2,233 | $2,233 | $0 | $0 |
| BANK SERVICE CHARGE | $60 | $60 | $0 | $0 |
| MAINTENANCE EXPENSE - RENTAL | $67,220 | $67,220 | $0 | $0 |
| UTILITIES - RENTAL | $7,497 | $7,497 | $0 | $0 |
| PROFESSIONAL FEES | $4,467 | $4,467 | $0 | $0 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail (4 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INTEREST-HARVEY W PETERS RESEARCH FOUNDATION LOAN | $28,300 | $28,300 |
| INTEREST-BLUEFIELD LOAN | $16,494 | $16,494 |
| INTEREST- S.D. | $26,104 | $26,104 |
| OTHER INCOME | $85,224 | $85,224 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN | Desc |
| Amt | $1,803,712 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| UNEARNED RENTAL INCOME | $57,912 | $57,912 |
| SECURITY DEPOSITS | $4,553 | $0 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| FOREIGN TAXES | $2,032 | $2,032 | $0 | $0 |
| REAL ESTATE TAXES | $6,500 | $0 | $0 | $0 |
| FEDERAL EXCISE TAXES | $11,000 | $0 | $0 | $0 |