I-79 Development Council Inc
- Assets
- $48.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clarksburg, WV
- Founding
- 01/2004
- Data as of
- 12/2023
- EIN
- 59-3763032
Organization Overview
I-79 Development Council Inc is located in Clarksburg, WV. The organization was established in 2004. 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. I-79 Development Council 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 12/2023, I-79 Development Council Inc generated $3.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (27.4%) each year. All expenses for the organization totaled $1.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (33.0%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION WAS INITIALLY FORMED TO FOSTER ECONOMIC DEVELOPMENT ALONG THE I-79 CORRIDOR. DUE TO THE COVID PANDEMIC AND POST PANDEMIC EVENTS, IT HAS NOT BEEN POSSIBLE TO ASSEMBLE THE RESPECTIVE GROUPS OF INDIVIDUALS AND ORGANIZATIONS TO FOCUS ON OUR EXEMPT PURPOSE. AS A RESULT, OPERATIONS WERE TEMPORARILY PAUSED, BUT HAVE RESUMED IN 2023. MEETINGS WERE HELD AND DISCUSSIONS INVOLVED POTENTIAL GRANT APPLICATIONS, REGIONAL HOUSING NEEDS AND IMPROVING THE WORKFORCE PARTICIPATION RATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Hefner Board Member | 0 | $0 | |
Kathy Wagner Secretary/treasurer | 0 | $0 | |
Amy Wilson-Haberbosch Board Member | 0 | $0 | |
Sherry Rogers Board Member | 0 | $0 | |
Tina Shaw Board Member | 0 | $0 | |
Sheena Hunt Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $2,400 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,384 |
| Total Revenue | $3,784 |
| 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 | $1,066 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $763 |
| Total expenses | $1,829 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $48,166 |
| Other assets | $0 |
| Total assets | $48,166 |
| Total liabilities | $0 |
| Net assets or fund balances | $48,166 |