Wv Coalition For Technology-Based Economic Development Inc
- Assets
- $305.5k
- Revenue
- $347.1k
- Investments
- $0.0
- Employees
- 0
- Location
- South Charleston, WV
- Founding
- 11/2008
- Data as of
- 09/2023
- EIN
- 20-5793624
Organization Overview
Wv Coalition For Technology-Based Economic Development Inc, operating under the name Tech Connect Wv, is located in South Charleston, WV. The organization was established in 2008. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tech Connect WV 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 09/2023, Tech Connect WV generated $347.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $252.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCED TECHNOLOGY-BASED ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BENEDUM: GRANT FUNDING SUPPORTED TCWV DURING ITS TRANSITION IN LEADERSHIP, AS IT SOUGHT NEW FUNDING, AND IN DEVELOPING A REPORT ON WV'S CURRENT INNOVATION-BASED LANDSCAPE.
MAPP-CORE: A DOE-FUNDED AND WVU-LED GRANT PROGRAM THAT IS EXPLORING THE POTENTIAL TO COMMERCIALIZE THE PRODUCTION OF RARE EARTH ELEMENTS AND CRITICAL MINERALS FROM COAL WASTE. TCWV LEADS THE PROGRAM'S INDUSTRY OUTREACH AND EDUCATION EFFORTS.THREE STEPS TO STARTUP: TCWV WAS A STRATEGIC PARTNER IN A THIS GRANT EFFORT TO SUPPORT ENTREPRENEURS AND SMALL BUSINESSES IN DEVELOPING THEIR PRODUCTS AND PURSUING INVESTMENT FUNDING.
FAST: TCWV LED THIS GRANT TO SUPPORT THE SMALL BUSINESS ADMINISTRATION'S WV EFFORT TO PROMOTE THE FEDERAL GOVERNMENT'S SBIR/STTR OPPORTUNITIES WITHIN THE STATE'S ENTREPRENEURIAL AND SMALL BUSINESS COMMUNITIES..
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle O'connor Director | Trustee | 1 | $0 |
Matt Harbaugh Vice Chair | OfficerTrustee | 1 | $0 |
Chris Deweese Treasurer | OfficerTrustee | 1 | $0 |
Kelly Goes Secretary | OfficerTrustee | 1 | $0 |
Kevin Digregorio Chair/executive Director | OfficerTrustee | 20 | $72,000 |
Jeffery Tucker Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $347,132 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,132 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $347,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $72,000 |
| Compensation of current officers, directors, key employees. | $36,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,114 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,141 |
| Advertising and promotion | $0 |
| Office expenses | $1,993 |
| Information technology | $30,580 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,428 |
| All other expenses | $0 |
| Total functional expenses | $252,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $276,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $28,985 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $305,545 |
| Accounts payable and accrued expenses | $40,078 |
| Grants payable | $0 |
| Deferred revenue | $36,805 |
| 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 | $0 |
| Total liabilities | $76,883 |
| Net assets without donor restrictions | $228,662 |
| Net assets with donor restrictions | $0 |
| 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 | $305,545 |