Cardinal Institute For West Virginia Policy Inc
- Assets
- $541.6k
- Revenue
- $786.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Charleston, WV
- Founding
- 11/2014
- Data as of
- 12/2021
- EIN
- 47-1932521
Organization Overview
Cardinal Institute For West Virginia Policy Inc is located in Charleston, WV. The organization was established in 2014. According to its NTEE Classification (V05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Social Science and related organizations. As of 12/2021, Cardinal Institute For West Virginia Policy Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cardinal Institute For West Virginia Policy 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 12/2021, Cardinal Institute For West Virginia Policy Inc generated $786.4k in total revenue. All expenses for the organization totaled $475.0k during the year ending 12/2021. While expenses have increased by 89.1% per year over the past 3 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CARDINAL CONDUCTS, COMMUNICATES, AND POPULARIZES PUBLIC POLICY RESEARCH THAT MOVES WEST VIRGINIA IN A POSITIVE DIRECTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARDINAL CONDUCTS, COMMUNICATES, AND POPULARIZES PUBLIC POLICY RESEARCH THAT MOVES WEST VIRGINIA IN A POSITIVE DIRECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Garrett Ballengee Exectutive Director | Officer | 40 | $88,461 |
Keith Pauley Chairman | OfficerTrustee | 1 | $0 |
Chris Stansbury Treasurer | OfficerTrustee | 1 | $0 |
Karen Bailey-Chapman Secretary | OfficerTrustee | 1 | $0 |
William P Cole III Director | Trustee | 1 | $0 |
Jeff Kimble Director | Trustee | 1 | $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 | $786,037 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $786,037 |
| Total Program Service Revenue | $0 |
| Investment income | $363 |
| 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 | $786,400 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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. | $88,461 |
| Compensation of current officers, directors, key employees. | $13,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,863 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $20,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,365 |
| Fees for services: Accounting | $5,931 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $19,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,933 |
| Advertising and promotion | $65,359 |
| Office expenses | $16,301 |
| Information technology | $3,188 |
| Royalties | $0 |
| Occupancy | $15,766 |
| Travel | $23,973 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $474,981 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $541,588 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $541,588 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $541,588 |
| 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 | $541,588 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cardinal Institute For West Virginia Policy Inc has recieved totaling $63,447.
| Awarding Organization | Amount |
|---|---|
Atlas Economic Research Foundation Arlington, VA PURPOSE: Economic Education | $63,447 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Conservative Union Foundation Alexandria, VA | $4,324,775 | $9,427,841 |
Civil-Military Innovation Institute Inc Morgantown, WV | $1,739,011 | $5,516,211 |
Pittsburgh Lifesciences Greenhouse Pittsburgh, PA | $8,723,436 | -$149,431 |
Husky Research Corporation Inc Bloomsburg, PA | $289,554 | $922,401 |
Cardinal Institute For West Virginia Policy Inc Charleston, WV | $541,588 | $786,400 |
Womens Institute For Science Equity And Race Mechanicsville, VA | $0 | $574,949 |
Centre For Spatial Law And Policy Richmond, VA | $51,401 | $0 |
Blacology Research And Development Institute Fort Washington, MD | $3,671 | $0 |
Community-Academic Consortium For Research On Alternative Sexualitie College Park, MD | $15,195 | $0 |
Globe Research & Education Foundation Bala Cynwyd, PA | $12,920 | $0 |
Educational Policy Institute Foundation Virginia Beach, VA | $124,135 | $0 |