Mid-Ohio Valley Area Development Corporation

Organization Overview

Mid-Ohio Valley Area Development Corporation is located in Parkersburg, WV. The organization was established in 1982. 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. Mid-Ohio Valley Area Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2022, Mid-Ohio Valley Area Development Corporation generated $369.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $142.6k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE BUSINESS DEVELOPMENT EXPANSION AND JOB CREATION

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION MAKES BELOW MARKET LOANS TO SMALL BUSINESS UNDER THE U S DEPARTMENT OF AGRICULTURE RURAL BUSINESS ADMINISTRATION INTERMEDIARY RELENDING PROGRAM


THE ORGANIZATION OPERATES A BUSINESS DELELOPMENT INCUBATOR FOR SMALL BUSINESS CONCERNS. THE FACILITY SERVES ONE CLIENT AND WAS FUNDED BY A GRANT AND LOAN FROM THE U S DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT ADMINSTRATION


THE ORGANIZATION MAKES LOANS TO SMALL BUSINESS INTIATIVE FUNDED BY GRANT FROM U S DEPARTMENT OF THE TREASURY


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Board, Officers & Key Employees

Name (title)Compensation
Andrew Corkrean
Director
$0
Sharlene Dodd
Director
$0
Chris Phillips
Director
$0
Bill Rice
Director
$0
Tom Joyce
Director
$0
Mark Whitley
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$369,526
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 $369,526

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