Miami Valley Research Foundation is located in Dayton, OH. The organization was established in 1980. 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. Miami Valley Research Foundation 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, Miami Valley Research Foundation generated $200.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.7%) each year. All expenses for the organization totaled $148.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
BARGAIN SALE OF LAND TO CITY OF BEAVERCREEK
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles E Giles President/ceo | 40 | $67,900 | |
Steven L Johnson Chairman | 1 | $0 | |
Richard Omlor Trustee | 1 | $0 | |
Colleen M Ryan Secretary | 1 | $0 | |
Eric Spina Treasurer | 1 | $0 | |
Susan Edwards Trustee | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $127,863 |
| Net Rental Income | $72,857 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $200,720 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $39,180 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $4,839 |
| Interest | $0 |
| Taxes | $35,271 |
| Depreciation | $0 |
| Occupancy | $9,406 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,146 |
| Total operating and administrative expenses | $148,672 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $148,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,299 |
| Savings and temporary cash investments | $4,055,934 |
| Net Accounts receivable | $189,257 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,417 |
| Net Investments - land, buildings, equipment | $1,129,521 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,564,428 |
| Accounts payable and accrued expenses | $37,132 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,132 |