West Virginia State University Research And Development Corp is located in Institute, WV. The organization was established in 1991. According to its NTEE Classification (W19) the organization is classified as: Support N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2021, West Virginia State University Research And Development Corp employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Virginia State University Research And Development Corp 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 06/2021, West Virginia State University Research And Development Corp generated $11.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $9.5m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 6 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
TO FOSTER, SUPPORT, AND ASSIST IN ANY RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES CONSISTENT WITH THE EDUCATIONAL OBJECTIVES AND MISSION OF WEST VIRGINIA STATE UNIVERSITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TITLE III: STRENGTHENING HISTORICALLY BLACK COLLEGES AND UNIVERSITIES. THE U.S. DEPARTMENT OF EDUCATION PROVIDED TITLE III FUNDS FOR THE UPGRADING OF THE LIBRARY, SCIENCE LABS, STUDENT ACTIVITIES, FACULTY DEVELOPMENT, AND ADVANCEMENT ACTIVITIES AT WEST VIRGINIA STATE UNIVERSITY.
COOPERATIVE STATE RESEARCH EDUCATION & EXTENSION SERVICE. THE MISSION OF THE DIVISION OF AGRICULTURAL, CONSUMER, ENVIRONMENTAL, AND OUTREACH PROGRAMS (ACEOP) IS TO "AID IN THE ACADEMIC, TECHNOLOGICAL, ECONOMIC, AND SOCIAL ADVANCEMENT OF THE STATE OF WEST VIRGINIA BY IDENTIFYING RESOURCES AND PROGRAMS PERTINENT TO THE PROGRESSION AND DISSEMINATION OF KNOWLEDGE AND SERVICES BY WAY OF RESEARCH, TEACHING, AND EXTENSION."LISTED BELOW ARE THE PROGRAM AREAS WHICH FALL UNDER THE COOPERATIVE STATE RESEARCH AND EXTENSION SERVICE:AGRICULTURE AND NATURAL RESOURCES - PROVIDES RESEARCH-BASED EDUCATIONAL PROGRAMS AND TECHNICAL ASSISTANCE TO FARMERS, COMMODITY GROUPS, AGRIBUSINESS, AND PROVIDES HORTICULTURAL AND PEST MANAGEMENT ASSISTANCE TO THE BROADER CITIZENSHIP OF WEST VIRGINIA.ALTERNATIVE AGRICULTURE - ALTERNATIVE AGRICULTURE PRODUCTS AND PRACTICES SUCH AS ORGANIC FARMING AND HYDROPONIC SYSTEMS ARE AN IMPORTANT COMPONENT IN NORTH AMERICAN AGRICULTURE.AQUACULTURE - THE FARMING OF AQUATIC ORGANISMS SUCH AS FISH HAS DEVELOPED INTO THE FASTEST-GROWING SEGMENT OF AGRICULTURE IN THE UNITED STATES.BREEDING GREENHOUSE TOMATOES - GREENHOUSE TOMATO PRODUCTION REPRESENTS 17 PERCENT OF THE TOTAL TOMATO PRODUCTION IN THE US AND A 30-40 PERCENT INCREASE IS EXPECTED IN THE FUTURE.COMMUNITY AND AGRICULTURAL RESOURCE DEVELOPMENT - WORK TO STRENGTHEN THE ECONOMIC AND SOCIAL VITALITY OF COMMUNITIES. ONE OF ITS NEWEST EFFORTS IS THE DIGISO DIGITAL MEDIA CENTER AT THE ECONOMIC DEVELOPMENT CENTER IN THE WEST SIDE OF CHARLESTON, WV.RESILIENT YOUTH AND FAMILIES - ACEOP SERVES WEST VIRGINIA'S COMMUNITIES OF FAMILIES THROUGH THE PROVISION OF CLIENT-CENTERED EDUCATIONAL PROGRAMS. THE YOUTH EDUCATION PROGRAMS, BASED ON THE 4-H MODEL, INVOLVE GROUP ACTIVITIES, CLUB MEETINGS, CAMPS, FAIRS, AND CONTESTS FOR ITS MEMBERS. 4-H IS A NATIONAL INITIATIVE THAT PROVIDES OPPORTUNITIES FOR YOUTH TO MEET NEW PEOPLE, GAIN LEADERSHIP SKILLS, SET AND ACHIEVE GOALS, LEARN LIFE SKILLS, AND BUILD SELF-CONFIDENCE.SOIL REMEDIATION - EACH YEAR IN WEST VIRGINIA, THOUSANDS OF ACRES OF FORESTS ARE DISTURBED THROUGH THE PROCESSES OF LOGGING, DEVELOPMENT, AND EXTRACTIVE INDUSTRIES SUCH AS COAL AND NATURAL GAS.VEGETABLE GENOMICS - THE FUTURE OF U.S. VEGETABLE PRODUCTION DEPENDS ON THE CONTINUED GENETIC IMPROVEMENT AND DEVELOPMENT OF NEW SUPERIOR CULTIVARS.
U.S. DEPT. OF AGRICULTURE - 1890 FACILITIESFIVE-YEAR FACILITIES PROGRAM PROVIDES FUNDING FOR THE CONSTRUCTION, RENOVATION AND IMPROVEMENT OF INSITE FACILITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dr Jose Ulises Toledo Chair | OfficerTrustee | 37.5 | $155,983 |
Dr Ami Smith Vice Chair | OfficerTrustee | 37.5 | $147,503 |
Mr Stephen Seitz Executive Director | OfficerTrustee | 37.5 | $75,504 |
Ms Patricia Schumann Treasurer | OfficerTrustee | 1 | $0 |
Dr Michael Harris Secretary | OfficerTrustee | 1 | $0 |
Dr Nicole Pride Wvsu President | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Wiseman Construction Construction | 6/29/21 | $350,519 |
Dell Marketing Lp Computer Equipment | 6/29/21 | $215,989 |
Nitro Construction Services Inc Construction/maintenance | 6/29/21 | $170,880 |
Thornhill Commercial Solutions Vehicles | 6/29/21 | $136,526 |
Grandview Systems Inc Technology Upgrades | 6/29/21 | $295,334 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $10,944,700 |
All other contributions, gifts, grants, and similar amounts not included above | $172,940 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $11,117,640 |
Total Program Service Revenue | $0 |
Investment income | $72 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$6,704 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $11,111,008 |
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. | $450,606 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,220,071 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $381,183 |
Payroll taxes | $313,906 |
Fees for services: Management | $0 |
Fees for services: Legal | $10,483 |
Fees for services: Accounting | $26,690 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $887,085 |
Advertising and promotion | $39,856 |
Office expenses | $816,464 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $213,830 |
Travel | $23,212 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $78,255 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $387,217 |
Insurance | $52,650 |
All other expenses | $48,321 |
Total functional expenses | $9,543,644 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $628,393 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $921,271 |
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 | $263,960 |
Net Land, buildings, and equipment | $1,598,431 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $194,948 |
Total assets | $3,607,003 |
Accounts payable and accrued expenses | $1,635,004 |
Grants payable | $0 |
Deferred revenue | $885,757 |
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 | $2,520,761 |
Net assets without donor restrictions | $1,086,242 |
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 | $3,607,003 |
Over the last fiscal year, we have identified 4 grants that West Virginia State University Research And Development Corp has recieved totaling $925,345.
Awarding Organization | Amount |
---|---|
The 1890 Universities Foundation Washington, DC PURPOSE: FEDERAL SUBAWARD | $314,048 |
The 1890 Universities Foundation Washington, DC PURPOSE: FEDERAL SUBAWARD | $314,048 |
National 4-H Council Chevy Chase, MD PURPOSE: EDUCATIONAL | $234,949 |
Greater Kanawha Valley Foundation Charleston, WV PURPOSE: GENERAL SUPPORT | $62,300 |
Organization Name | Assets | Revenue |
---|---|---|
Pennsylvania One Call System Inc West Mifflin, PA | $14,095,792 | $16,050,813 |
West Virginia State University Research And Development Corp Institute, WV | $3,607,003 | $11,111,008 |
Forest Hills Village Inc Paducah, KY | $1,177,989 | $2,046,950 |
United Service Organizations Inc Norfolk, VA | $0 | $1,039,563 |
Leadership West Virginia Inc Charleston, WV | $638,861 | $338,235 |
Safety Forces Support Center Akron, OH | $282,221 | $222,873 |
Hamilton Vision Commission Hamilton, OH | $121,325 | $0 |
Allegheny County Airport Authority Charitable Foundation Pittsburgh, PA | $694,332 | $590,094 |
Milford G Jackson Testamentary Trust Cincinnati, OH | $449,720 | $47,233 |
Cultivate The Karass Arlington, VA | $138,968 | $0 |
So Md Vacation For Vets California, MD | $47,624 | $13,572 |
Put-In-Bay Maritime Society Putinbay, OH | $2,727 | $0 |