Concord University Research And Development Corporation
- Assets
- $2.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 118
- Location
- Athens, WV
- Founding
- 06/2000
- Data as of
- 06/2022
- EIN
- 55-0769622
Organization Overview
Concord University Research And Development Corporation is located in Athens, WV. The organization was established in 2000. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 06/2022, Concord University Research And Development Corporation employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concord University Research And Development Corporation 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 06/2022, Concord University Research And Development Corporation generated $1.2m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $960.9k during the year ending 06/2022. While expenses have increased by 4.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN FIDUCIARY INTEGRITY FOR GRANTS AWARDED FOR RESEARCH AND DEVELOPMENT IN THE MAJOR DISCIPLINES AT CONCORD UNIVERSITY (CU) INCLUDING NATURAL AND SOCIAL SCIENCES, HUMANITIES, ART & OTHER ACADEMIC DIVISIONS, WHICH INCLUDES ACTING AS THE FISCAL AGENT FOR SPONSORED PROGRAMS AT CU TO ASSIST IN IT'S MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CODE 624410 - PROVIDE AUXILIARY SUPPORT TO CONCORD UNIVERSITY TO ALLOW THE UNIVERSITY TO ACHIEVE IT'S MISSION TO FOSTER SCHOLARLY RESEARCH AND TO SERVE THE COMMUNITY BY PROVIDING SERVICES THROUGH THE CU CHILD DEVELOPMENT CENTER PHYSICALLY LOCATED ON THE CAMPUS GROUNDS.
CODE 541900 - THE ORGANIZATION EXISTS TO MAINTAIN FIDUCIARY INTEGRITY FOR GRANTS AWARDED TO CONDUCT RESEARCH IN THE NATURAL AND SOCIAL SCIENCES; AS WELL AS, THE ENHANCEMENT OF INTELLECTUAL PROPERTY FOR THE BUSINESS, EDUCATION, AND SOCIAL WORK DIVISIONS AND ENTREPRENEURS IN THE LOCAL COMMUNITY. THE ORGANIZATION PROVIDES MANAGEMENT A FIDUCIARY OVERSIGHT AND AIDS IN ENSURING REPORTING COMPLIANCE UNDER THE TERMS OF THE VARIOUS GRANT AWARDS ARE ADHERED TO AS REQUIRED UNDER FEDERAL, STATE, AND/OR OTHER CONTRACTUAL REQUIREMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Rowe Director | Trustee | 5 | $0 |
Adrianna Falco Director | Trustee | 5 | $0 |
Joseph Allen Director | Trustee | 5 | $0 |
Susan Williams Director | Trustee | 5 | $0 |
Kendra Boggess Chairperson | Officer | 5 | $0 |
Sarah Beasley Vice Chairperson | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $534,947 |
| All other contributions, gifts, grants, and similar amounts not included above | $54,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $589,590 |
| Total Program Service Revenue | $517,561 |
| Investment income | $0 |
| 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 | $1,165,358 |
| 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. | $4,846 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $607,128 |
| Pension plan accruals and contributions | $17,782 |
| Other employee benefits | $113,512 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18 |
| Fees for services: Accounting | $22,118 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,050 |
| Advertising and promotion | $968 |
| Office expenses | $9,792 |
| Information technology | $5,757 |
| Royalties | $0 |
| Occupancy | $5,521 |
| Travel | $1,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,440 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,708 |
| Insurance | $3,906 |
| All other expenses | $32,491 |
| Total functional expenses | $960,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,139,750 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $281,329 |
| Accounts receivable, net | $437,254 |
| 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 | $1,480 |
| Net Land, buildings, and equipment | $146,224 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $262,984 |
| Total assets | $2,269,021 |
| Accounts payable and accrued expenses | $113,897 |
| Grants payable | $0 |
| Deferred revenue | $185,284 |
| 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 | $770,686 |
| Total liabilities | $1,069,867 |
| Net assets without donor restrictions | $1,199,154 |
| 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 | $2,269,021 |