Little Kanawha Area Development Corp
- Assets
- $96.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Elizabeth, WV
- Founding
- 05/2002
- Data as of
- 06/2022
- EIN
- 55-0781151
Organization Overview
Little Kanawha Area Development Corp is located in Elizabeth, WV. The organization was established in 2002. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Little Kanawha Area 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 06/2022, Little Kanawha Area Development Corp generated $67.2k 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 (3.9%) each year. All expenses for the organization totaled $68.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. 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
2022
Describe the Organization's Program Activity:
Part 3
MAINTAINED DEVELOPMENT OFFICES IN WIRT AND CALHOUN COUNTIES, PROMOTED THE AREA FOR DEVELOPMENT OF NEW BUSINESS AND AIDED AND ASSISTED IN RETENTION OF EXISTING BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shelia Burch Executive Director | 40 | $31,200 | |
Donald Pitts President | 2 | $0 | |
Alvin Engelke Treasurer | 2 | $0 | |
Kevin Helmick Vice President | 1 | $0 | |
Robert Petrovsky Director | 1 | $0 | |
Bryan Sims Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $67,204 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,204 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $40,502 |
| Professional fees and other payments to independent contractors | $2,500 |
| Occupancy, rent, utilities, and maintenance | $18,000 |
| Printing, publications, postage, and shipping | $20 |
| Other expenses | $7,504 |
| Total expenses | $68,526 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $83,977 |
| Other assets | $0 |
| Total assets | $96,759 |
| Total liabilities | $60,604 |
| Net assets or fund balances | $36,155 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Little Kanawha Area Development Corp has recieved totaling $4,870.
| Awarding Organization | Amount |
|---|---|
Claude Worthington Benedum Foundation Pittsburgh, PA PURPOSE: TO ACQUIRE AND USE PORTABLE TECHNOLOGY TO ASSIST BUSINESSES IN CALHOUN AND WIRT COUNTIES OF WEST VIRGINIA IN APPLYING FOR FEDERAL SMALL BUSINESS ADMINISTRATION AID | $4,870 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |
Dauphin County Economic Development Corporation Harrisburg, PA | $8,424,591 | $10,449,757 |
Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc Bethlehem, PA | $58,069,128 | $6,233,285 |
Greater Pittsburgh Convention & Visitors Bureau Inc Pittsburgh, PA | $10,210,665 | $8,196,256 |
Delaware Valley Industrial Resource Center Philadelphia, PA | $2,959,574 | $7,894,285 |
The Center For Kentucky Rural Economic Development Inc Somerset, KY | $52,726,644 | $7,680,890 |
Team Neo Foundation Cleveland, OH | $2,982,756 | $6,381,649 |