Marion Regional Development Corporation

Organization Overview

Marion Regional Development Corporation is located in Fairmont, WV. The organization was established in 1976. 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. Marion Regional Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2022, Marion Regional Development Corporation generated $67.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.2% each year . All expenses for the organization totaled $45.3k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO STIMULATE COMMUNITY ECONOMIC DEVELOPMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO STIMULATE COMMUNITY ECONOMIC DEVELOPMENT.


TO STIMULATE COMMUNITY ECONOMIC DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Allen Staggers
Executive Di
$13,500
Nick L Fantasia
President
$0
Bruce Mcdaniel
Treasurer
$0
Gerry Schmidt
Secretary
$0
Tina Shaw
Vice Preside
$0
Rocco Fuccillo
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $78,194
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$78,194
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 -$11,185
Miscellaneous Revenue$0
Total Revenue $67,009

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