West Virginia Community Development Hub Inc
- Assets
- $1.7m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Charleston, WV
- Founding
- 11/2003
- Data as of
- 12/2023
- EIN
- 20-0022399
Organization Overview
West Virginia Community Development Hub Inc is located in Charleston, WV. The organization was established in 2003. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, West Virginia Community Development Hub Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Virginia Community Development Hub Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, West Virginia Community Development Hub Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 11.3% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, West Virginia Community Development Hub Inc has awarded 40 individual grants totaling $1,219,781. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE HUB SUPPORTS COMMUNITIES IN WEST VIRGINIA IN THEIR EFFORTS TO EXPERIENCE PURPOSEFUL, SELF-DIRECTED DEVELOPMENT RESPECTFUL OF LOCAL CULTURE AND VALUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT THROUGH PUBLIC/PRIVATE RESOURCES TO COMMUNITY BASED NOT-FOR-PROFIT ORGANIZATIONS SEEKING TO PROMOTE THE ECONOMIC WELL-BEING OF INDIVIDUALS, FAMILIES, COMMUNITIES, AND THE ENVIRONMENT THROUGH ECONOMIC DEVELOPMENT PROGRAMS AND PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clara Lehmann Chair | OfficerTrustee | 4 | $0 |
Ralph Goolsby Vice Chair | OfficerTrustee | 4 | $0 |
Joe Flynn Treasurer | OfficerTrustee | 4 | $0 |
Brittany Carowick Board Member | Trustee | 2 | $0 |
Susan Economou Secretary | OfficerTrustee | 2 | $0 |
Ashley Shaw Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,535,290 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,232,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,768,166 |
| Total Program Service Revenue | $41,248 |
| Investment income | $4,103 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,815,051 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $917,767 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,671 |
| Compensation of current officers, directors, key employees. | $1,805 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $868,796 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $183,176 |
| Payroll taxes | $75,101 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $45,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,626 |
| Advertising and promotion | $0 |
| Office expenses | $32,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,184 |
| Travel | $179,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,236 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $500 |
| Insurance | $8,159 |
| All other expenses | $0 |
| Total functional expenses | $2,514,659 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,077,685 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $511,691 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,751 |
| Net Land, buildings, and equipment | $1,404 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,662 |
| Total assets | $1,664,193 |
| Accounts payable and accrued expenses | $334,910 |
| Grants payable | $0 |
| Deferred revenue | $128,129 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $49,662 |
| Total liabilities | $512,701 |
| Net assets without donor restrictions | $503,028 |
| Net assets with donor restrictions | $648,464 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,664,193 |
Grants Awarded
Over the last fiscal year, West Virginia Community Development Hub Inc has awarded $768,461 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AFV EDUCATE PURPOSE: WV COMMUNITY AND BUSINESS RESILIENCE INITIATIVE | $245,078 |
MARSHALL UNIVERSITY RESEARCH CORPORATION PURPOSE: WV COMMUNITY AND BUSINESS RESILIENCE INITIATIVE | $108,774 |
NEW RIVER GORGE REGIONAL DEVELOPMENT AUTHORITY PURPOSE: WV COMMUNITY AND BUSINESS RESILIENCE INITIATIVE | $238,137 |
ADVANTAGE VALLEY INC PURPOSE: WV COMMUNITY AND BUSINESS RESILIENCE INITIATIVE | $54,927 |
THE VIRGINIA COMMUNITY DEVELOPMENT FUND PURPOSE: DOWNTOWN APPALACHIA: REVITALIZING RECREATIONAL ECONOMIES | $24,745 |
WEST VIRGINIA UNIVERSITY PURPOSE: WV COMMUNITY AND BUSINESS RESILIENCE INITIATIVE | $8,354 |