Bluefield State College Research And Development Corporation
- Assets
- $1.1m
- Revenue
- $362.4k
- Investments
- $0.0
- Employees
- 23
- Location
- Bluefield, WV
- Founding
- 03/2003
- Data as of
- 06/2020
- EIN
- 55-0785437
Organization Overview
Bluefield State College Research And Development Corporation is located in Bluefield, WV. The organization was established in 2003. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2020, Bluefield State College Research And Development Corporation employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bluefield State College 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 06/2020, Bluefield State College Research And Development Corporation generated $362.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.7%) each year. All expenses for the organization totaled $470.1k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (14.4%) 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS A CATALYST FOR AGGRESSIVE COMMUNITY AND ECONOMIC DEVELOPMENT THROUGH HIGH QUALITY EDUCATION, PRODUCTIVE PARTNERSHIPS AND JOINT VENTURES THAT INCREASE EDUCATIONAL EXPERTISE, COLLABORATIVE RESEARCH, AND INNOVATIVE BUSINESS DEVELOPMENT FOSTERING DIVERSE EMPLOYMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING/CAFETERIA FOR STUDENTS OF BLUEFIELD STATE COLLEGE.
THE CORPORATION IS ORGANIZED TO OPERATE AS A NON-PROFIT CORPORATION EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL & SCIENTIFIC PURPOSES. IT FOSTERS, SUPPORTS, PARTICIPATES IN AND ASSISTS IN ANY RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES IN FURTHERANCE OF THE EDUCATIONAL OBJECTIVES AND MISSION OF BLUEFIELD STATE COLLEGE.
PROVIDE HOUSING/CAFETERIA FOR STUDENTS OF BLUEFIELD STATE COLLEGE.
THE CORPORATION IS ORGANIZED TO OPERATE AS A NON-PROFIT CORPORATION EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL & SCIENTIFIC PURPOSES. IT FOSTERS, SUPPORTS, PARTICIPATES IN AND ASSISTS IN ANY RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES IN FURTHERANCE OF THE EDUCATIONAL OBJECTIVES AND MISSION OF BLUEFIELD STATE COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Capehart President | OfficerTrustee | 2 | $0 |
Norris Kantor Secretary | OfficerTrustee | 1 | $0 |
James Spencer Board Member | Trustee | 1 | $0 |
John Snead Board Member | Trustee | 1 | $0 |
Joshua Cline Board Member | Trustee | 1 | $0 |
Michael Earls Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,214 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $240,141 |
| 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 | $362,355 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,522 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,325 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $470,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,183 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $26,390 |
| Accounts receivable, net | $148,132 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $861 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $118,812 |
| Total assets | $1,077,269 |
| Accounts payable and accrued expenses | $395,819 |
| Grants payable | $0 |
| Deferred revenue | $226,245 |
| 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 | $3,037,742 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $257,423 |
| Total liabilities | $3,917,229 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$2,839,960 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bluefield State College Research And Development Corporation has recieved totaling $83,106.
| Awarding Organization | Amount |
|---|---|
West Virginia University Research Corporation Morgantown, WV PURPOSE: RESEARCH AND OTHER | $41,553 |
West Virginia University Research Corporation Morgantown, WV PURPOSE: RESEARCH AND OTHER | $41,553 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americans For Prosperity Arlington, VA | $36,122,323 | $113,776,550 |
Cincinnati Center City Development Corporation Cincinnati, OH | $365,563,062 | $43,403,938 |
Gateway Economic Development Corporation Of Greater Cleveland Cleveland, OH | $401,423,840 | $30,122,951 |
Capitol South Community Urban Redevelopment Corporation Columbus, OH | $40,052,734 | $27,422,003 |
Anne Arundel Economic Development Corporation Annapolis, MD | $15,670,028 | $30,337,180 |
City Of Baltimore Development Corporation Baltimore, MD | $22,115,045 | $13,864,142 |
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Maryland Manufacturing Service Inc Salisbury, MD | $279,305 | $5,207,545 |