Canaan Valley Institute Inc
- Assets
- $702.8k
- Revenue
- $2.0m
- Investments
- $114.9k
- Employees
- 12
- Location
- Davis, WV
- Founding
- 08/1996
- Data as of
- 09/2023
- EIN
- 55-0747132
Organization Overview
Canaan Valley Institute Inc is located in Davis, WV. The organization was established in 1996. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 09/2023, Canaan Valley Institute Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canaan Valley Institute 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 09/2023, Canaan Valley Institute Inc generated $2.0m 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 (6.2%) each year. All expenses for the organization totaled $2.0m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE CONSERVATION IN THE HIGHLAND ECOSYTEMS IN THE MID-ATLANTIC HIGHLAND REGION OF THE UNITED STATES OF AMERICA
Describe the Organization's Program Activity:
Part 3 - Line 4a
STREAM RESTORATION TO PROMOTE RESEARCH ON IMPORTANT WATER QUALITY ISSUES RELATING TO BROADER AGRICULTURAL PRACTICES AND ENHANCE THE MIDATLANTIC HIGHLAND REGION BY CONTINUING WORK ON A MULTI-SCALE MODEL FOR PRIORITIZING RESTORATION AND CONSERVATION EFFORTS, ESPECIALLY METHODS FOR EFFECTIVELY AND EFFICIENTLY ALLOCATING RESOURCES FOR STREAM RESTORATION AND RURAL WASTEWATER SOLUTIONS. OUTREACH: TO PROMOTE INTERDISCIPLINARY RESEARCH, EDUCATION, AND DEMONSTRATION OF APPLIED SCIENCE PROJECTS FOR SOCIETAL BENEFIT, PUBLIC/PRIVATE PARTNERSHIPS FOR DEMONSTRATING SOLUTIONS, AND EXPERIENTIAL/HANDS ON LEARNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gail Berrigan Executive Dir. | Trustee | 40 | $75,500 |
Paul Magness President | OfficerTrustee | 0.5 | $0 |
Sull Mccartney Vice President | OfficerTrustee | 0.5 | $0 |
Roscoe Beall III Secretary | OfficerTrustee | 0.5 | $0 |
Dana Mccauley Director | Trustee | 0.5 | $0 |
Evan Hansen Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Back River Pre-cast Septic Systems | 9/29/23 | $337,395 |
Downstream Strategies Llc Consulting | 9/29/23 | $177,013 |
C R Semler Inc Septic Systems | 9/29/23 | $588,925 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,945,302 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,444 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,971,746 |
| Total Program Service Revenue | $48,782 |
| Investment income | $10,546 |
| 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 | $2,031,074 |
| 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. | $75,500 |
| Compensation of current officers, directors, key employees. | $35,711 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,495 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,507 |
| Payroll taxes | $30,786 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,500 |
| Advertising and promotion | $0 |
| Office expenses | $10,905 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,053 |
| Travel | $8,604 |
| 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 | $4,408 |
| Insurance | $6,435 |
| All other expenses | $3,325 |
| Total functional expenses | $2,011,382 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $39,357 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $483,191 |
| 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 | $3,276 |
| Net Land, buildings, and equipment | $62,087 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $114,868 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $702,779 |
| Accounts payable and accrued expenses | $438,320 |
| Grants payable | $0 |
| Deferred revenue | $6,529 |
| 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 | $60,001 |
| Total liabilities | $504,850 |
| Net assets without donor restrictions | $159,154 |
| Net assets with donor restrictions | $38,775 |
| 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 | $702,779 |