Miami Valley Research Foundation
- Assets
- $5.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Dayton, OH
- Founding
- 06/1980
- Data as of
- 12/2021
- EIN
- 31-0996772
Organization Overview
Miami Valley Research Foundation is located in Dayton, OH. The organization was established in 1980. 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. Miami Valley Research Foundation 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 12/2021, Miami Valley Research Foundation generated $1.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $494.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (30.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOUNDATION FOSTERS AND PROMOTES RESEARCH, TECHNICAL, SCIENTIFIC AND EDUCATION ACTIVITIES, CREATES AND PRESERVES JOBS AND EMPLOYMENT OPPORTUNITIES, AND IMPROVES ECONOMIC WELFARE OF THE METROPOLITAN DAYTON AREA. CURRENTLY 42 ORGANIZATIONS ARE AT THE PARK WHICH EMPLOYEES 4,400 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Giles President/ceo | 40 | $67,900 | |
Andrew T Horner Assistant Secretary | 1 | $0 | |
Steven L Johnson Chairman | 1 | $0 | |
Colleen M Ryan Secretary | 1 | $0 | |
Eric Spina Treasurer | 1 | $0 | |
Michael Barhorst Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,050 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,177 |
| Net Rental Income | $106,325 |
| Net Gain on Sale of Assets | $1,349,935 |
| Capital Gain Net Income | $1,349,935 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,476,487 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $45,012 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,848 |
| Interest | $4 |
| Taxes | $40,913 |
| Depreciation | $1,802 |
| Occupancy | $7,983 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,476 |
| Total operating and administrative expenses | $144,928 |
| Contributions, gifts, grants paid | $350,000 |
| Total expenses and disbursements | $494,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $67,957 |
| Savings and temporary cash investments | $1,607,985 |
| Net Accounts receivable | $235,663 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,655 |
| Net Investments - land, buildings, equipment | $3,299,914 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,758 |
| Other assets | $0 |
| Total assets | $5,215,932 |
| Accounts payable and accrued expenses | $48,657 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $48,657 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
16 Tech Community Corporation Indianapolis, IN | $90,414,871 | $43,820,376 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Invest Detroit Foundation Detroit, MI | $154,389,743 | $12,808,930 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |