West Virginia Business & Industry Council
- Assets
- $46.5k
- Revenue
- $53.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 01/1983
- Data as of
- 12/2021
- EIN
- 55-0611110
Organization Overview
West Virginia Business & Industry Council is located in Charleston, WV. The organization was established in 1983. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. West Virginia Business & Industry Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, West Virginia Business & Industry Council generated $53.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.7%) each year. All expenses for the organization totaled $36.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (28.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
2THE WV BUSINESS & INDUSTRY COUNCIL WORKS TO IMPROVE THE STATE'S BUSINESS CLIMATE. THE MEMBERS ARE FOOT SOLDERS FOR CHANGE - THE EYES, EARS, MINDS AND VOICES FIGHTING AS ONE FOR A BRIGHT WV FUTURE. THE SUCCESS OF BUSINESS AND INDUSTRY IN WEST VIRGINIA IS CRITICAL TO THE WELL BEING OF OUR STATE. BIC FOCUSES ON IMPROVING THE STATE'S ECONOMIC AND POLITICAL CONDITIONS WITH THE GOAL OF MAXIMIZING OPPORTUNITY IN THE MOUNTAIN STATE BY CONCENTRATING THEIR EFFORTS ON JOB DEVELOPMENT, LEGAL FAIRNESS, INFRASTRUCTURE IMPROVEMENT AND FISCAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COUNCIL REPRESENTS MORE THAN 50 BUSINESS ORGANIZATIONS IN WV, HOLDING MONTHLY MEETINGS TO TALK WITH BUSINESS OWNERS AND LEGISLATORS TO IMPROVE THE WV BUSINESS CLIMATE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Clowser Chairman | OfficerTrustee | 5 | $0 |
Sam Minardi Treasurer | OfficerTrustee | 1 | $0 |
Bridget Lambert Vice Chairman | OfficerTrustee | 1 | $0 |
Austin Wallace Associate Member | OfficerTrustee | 1 | $0 |
Ray Joseph Board Member | Trustee | 1 | $0 |
Jill Rice Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $52,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $53,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,250 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $20,850 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,559 |
| Advertising and promotion | $4,250 |
| Office expenses | $497 |
| Information technology | $0 |
| 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 | $1,089 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,113 |
| Total functional expenses | $36,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,489 |
| 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 | $46,489 |
| 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 | $0 |
| 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 | $46,489 |
| Total liabilities and net assets/fund balances | $46,489 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Seed Trade Association Alexandria, VA | $7,353,007 | $6,785,185 |
Virginia Association Of Realtors Richmond, VA | $25,601,642 | $9,283,805 |
Ohio Association Of Realtors Columbus, OH | $13,314,743 | $8,037,922 |
Ohio Chamber Of Commerce Columbus, OH | $30,926,421 | $7,246,853 |
Professional Services Council Inc Arlington, VA | $6,239,213 | $6,315,119 |
Maryland Association Of Realtors Inc Annapolis, MD | $30,475,935 | $7,062,781 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |
Greater Lehigh Valley Chamber Of Commerce Easton, PA | $3,461,943 | $5,381,256 |
Akron Convention And Visitors Bureau Inc Akron, OH | $6,460,224 | $5,523,217 |
Dayton Development Coalition Inc Dayton, OH | $3,053,058 | $5,338,922 |
Lehigh Valley Convention And Visitors Bureau Inc Easton, PA | $4,337,434 | $4,870,520 |
Canton Regional Chamber Of Commerce Canton, OH | $5,230,403 | $4,995,191 |