I-79 Development Council Inc
- Assets
- $46.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Clarksburg, WV
- Founding
- 01/2004
- Data as of
- 12/2022
- 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 12/2022, I-79 Development Council Inc generated $195.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (51.8%) each year. All expenses for the organization totaled $826.0 during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (42.3%) per year over the past 8 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
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, OUR OPERATIONS HAVE BEEN TEMPORARILY PAUSED, BUT WILL RESUME IN 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Greg Hefner Board Member | 0 | $0 | |
Amy Wilson Board Member | 0 | $0 | |
Kathy Wagner Board Member | 0 | $0 | |
Tina Shaw Board Member | 0 | $0 | |
Sheena Hunt Board Member | 0 | $0 | |
Sherry Rogers Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $195 |
| Total Revenue | $195 |
| 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 | $801 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25 |
| Total expenses | $826 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,211 |
| Other assets | $0 |
| Total assets | $46,211 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,211 |
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 |