Morgantown Community Resources Inc
- Assets
- $10.0m
- Revenue
- $162.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Morgantown, WV
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 84-2497312
Organization Overview
Morgantown Community Resources Inc is located in Morgantown, WV. The organization was established in 2019. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgantown Community Resources 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 12/2021, Morgantown Community Resources Inc generated $162.8k in total revenue. All expenses for the organization totaled $328.7k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SOCIAL WELFARE OF THE MORGANTOWN, WEST VIRGINIA AREA BY IMPROVING INTER-CHARITY COMMUNICATION, COLLABORATION, AND COORDINATION THROUGH PROVIDING AFFORDABLE SPACE TO LOCAL CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORGANTOWN COMMUNITY RESOURCES MCR IS A NON-PROFIT, TAX EXEMPT CORPORATION WHOSE PURPOSE IS 1) TO DEVELOP, OWN, AND OPERATE A MODERN, CENTRALIZED FACILITY IN MORGANTOWN TO HOUSE SOCIAL SERVICE AGENCIES THAT SERVE THE MOST VULNERABLE POPULATIONS IN MORGANTOWN, MONONGALIA COUNTY, AND ADJOINING COUNTRIES WITH EMPHASIS INITIALLY ON SHELTER FOR THE HOMELESS, FEEDING PROGRAMS, AND A SOBRIETY CENTER AND 2) TO GROW TO INCLUDE ADDICTION SUPPORT GROUPS, CHARACTER BUILDING PROGRAMS, EMPLOYMENT SERVICES, AND PARTNERSHIPS WITH OTHER NON-PROFIT ORGANIZATIONS THAT DIRECTLY ADDRESS AND ASSIST INDIVIDUALS SUFFERING FROM HOMELESSNESS AND/OR SUBSTANCE ABUSE DISORDER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Veltri Secretary | OfficerTrustee | 1 | $0 |
David Goldberg President | OfficerTrustee | 1 | $0 |
Mark Nesselroad Vice President | OfficerTrustee | 1 | $0 |
Ronald Justice Treasurer | OfficerTrustee | 1 | $0 |
Lyn Dotson Director | Trustee | 1 | $0 |
Seth Wilson Director | Trustee | 1 | $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 | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $107,561 |
| 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 | $162,797 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $77,929 |
| Fees for services: Legal | $1,351 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,525 |
| Advertising and promotion | $0 |
| Office expenses | $2,259 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,803 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,575 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,570 |
| Insurance | $56,982 |
| All other expenses | $0 |
| Total functional expenses | $328,701 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,034 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,007 |
| 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 | $9,925,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,956,514 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $109,097 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $109,097 |
| Net assets without donor restrictions | $9,847,417 |
| 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 | $9,956,514 |
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