Morgantown-Monongalia United Initiative Inc
- Assets
- $277.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 4
- Location
- Morgantown, WV
- Founding
- 08/1993
- Data as of
- 06/2023
- EIN
- 55-0718442
Organization Overview
Morgantown-Monongalia United Initiative Inc, operating under the name Morgantown Area Economic Partnership, is located in Morgantown, WV. The organization was established in 1993. 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. As of 06/2023, Morgantown Area Economic Partnership employed 4 individuals. This organization is the central organization for a national or regional group of organizations. Morgantown Area Economic Partnership 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 06/2023, Morgantown Area Economic Partnership generated $495.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (54.3%) each year. All expenses for the organization totaled $5.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE MORGANTOWN-MONONGALIA INITIATIVE ENGAGES IN BUSINESSPROMOTION, ASSISTANCE, AND ADVERTISING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean P Sikora Director | 2 | $0 | |
Mark Nesselroad Vice President | 2 | $0 | |
Ronald Justice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $495 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $495 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $861 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,541 |
| Total expenses | $5,402 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $170,539 |
| Other assets | $0 |
| Total assets | $277,879 |
| Total liabilities | $9,700 |
| Net assets or fund balances | $268,179 |