Applied Research Foundation Of West Virginia
- Assets
- $229.9k
- Revenue
- $458.1k
- Investments
- $0.0
- Employees
- 17
- Location
- Bluefield, WV
- Founding
- Data as of
- 06/2022
- EIN
- 84-2384597
Organization Overview
Applied Research Foundation Of West Virginia is located in Bluefield, WV. According to its NTEE Classification (B05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Education and related organizations. As of 06/2022, Applied Research Foundation Of West Virginia employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Applied Research Foundation Of West Virginia 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 06/2022, Applied Research Foundation Of West Virginia generated $458.1k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $490.2k during the year ending 06/2022. While expenses have increased by 11.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER, SUPPORT, PARTICIPATE IN AND ASSIST IN ANY RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES IN FURTHERANCE OF THE EDUCATIONAL OBJECTIVES AND MISSION OF BLUEFIELD STATE COLLEGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Ted Lewis Chair | OfficerTrustee | 1 | $0 |
Robin C Capehart President | OfficerTrustee | 2 | $0 |
Phillip Imel Secretary | OfficerTrustee | 1 | $0 |
James Shaffer Treasurer | OfficerTrustee | 2 | $0 |
Dr Terry Wallace Director | Trustee | 1 | $0 |
Susan Plumley Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $455,572 |
| 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 | $455,572 |
| Total Program Service Revenue | $0 |
| 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 | $458,109 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $162,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,893 |
| Payroll taxes | $31,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,395 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $775 |
| Travel | $15,269 |
| 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 | $15,743 |
| Total functional expenses | $490,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,909 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,017 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $229,926 |
| Accounts payable and accrued expenses | $94,648 |
| Grants payable | $0 |
| Deferred revenue | $43,226 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $87,389 |
| Total liabilities | $225,263 |
| Net assets without donor restrictions | $4,663 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $229,926 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Applied Research Foundation Of West Virginia has recieved totaling $39,510.
| Awarding Organization | Amount |
|---|---|
West Virginia University Research Corporation Morgantown, WV PURPOSE: RESEARCH | $39,510 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ecog Research And Education Foundation Inc Philadelphia, PA | $102,166,634 | $32,879,017 |
America First Inc Arlington, VA | $3,850,844 | $14,195,522 |
National Student Clearinghouse Research Center Herndon, VA | $3,158,535 | $8,719,036 |
American Bankruptcy Institute Alexandria, VA | $21,045,850 | $6,767,069 |
Ohio State Innovation Foundation Columbus, OH | $6,188,077 | $3,748,357 |
Character Lab Inc Philadelphia, PA | $4,681,422 | $6,946,574 |
College Of Physicians Of Philadelphia Philadelphia, PA | $49,395,959 | $7,255,479 |
Kentucky Pharmacy Education And Research Foundation Inc Frankfort, KY | $611,145 | $5,496,404 |
Achieve Inc Silver Spring, MD | $324,503 | $3,902,025 |
State Educational Technology Directors Association Glen Burnie, MD | $1,209,563 | $3,539,021 |
Beyond Blue Corporation Lexington, KY | $2,739,202 | $2,978,892 |
The Umbc Research Park Corporation Inc Baltimore, MD | $15,391,985 | $2,349,728 |