Totals
- Total revenue
- $935,048
- Total expenses
- $999,452
- Contributions and grants received
- $935,048
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $219,100
- Total liabilities, end of year
- $220,776
- Net assets or fund balances, end of year
- -$1,676
- Program services expenses (Part IX)
- $935,865
- Management and general expenses
- $63,587
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $935,865
Program services were 93.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$39,000
-
1e · Government grants (contributions)
$619,098
-
1f · All other contributions, gifts and grants
$276,950
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $118,843 · program services $115,040 · management and general $3,803
-
9 · Other employee benefits
total $1,604 · management and general $1,604
-
10 · Payroll taxes
total $17,745 · program services $17,334 · management and general $411
-
11a · Fees: management
total $104,626 · program services $78,216 · management and general $26,410
-
11c · Fees: accounting
total $2,750 · management and general $2,750
-
11g · Fees: other
total $590,703 · program services $590,703
-
12 · Advertising and promotion
total $21,457 · program services $21,457
-
13 · Office expenses
total $13,461 · program services $13,338 · management and general $123
-
14 · Information technology
total $61,948 · program services $60,790 · management and general $1,158
-
16 · Occupancy
total $16,989 · program services $4,733 · management and general $12,256
-
17 · Travel
total $25,148 · program services $21,747 · management and general $3,401
-
19 · Conferences, conventions and meetings
total $15,222 · program services $7,383 · management and general $7,839
-
23 · Insurance
total $942 · management and general $942
-
24a · Other expenses: Memberships dues subscript
total $5,962 · program services $5,124 · management and general $838
-
24b · Other expenses: Miscellaneous
total $1,136 · management and general $1,136
-
24c · Other expenses: Bank fees
total $916 · management and general $916
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $215,136 · end of year $164,019
-
9 · Prepaid expenses and deferred charges
beginning of year $63,400 · end of year $55,081
-
17 · Accounts payable and accrued expenses
beginning of year $21,978 · end of year $2,737
-
19 · Deferred revenue
beginning of year $193,830 · end of year $214,500
-
25 · Other liabilities
end of year $3,539
-
31 · Retained earnings, endowment or other funds
beginning of year $62,728 · end of year -$1,676
Mission and programs · 2022
Mission
Grow economic opportunity for all residents of the Charleston-Huntington Metro area by increasing investments in the region, leveraging resources and building collaboration among community stakeholders.
-
Entreprenuerial Development: Advantage Valley supports the startup and expansion of existing businesses by providing business coaching, entrepreneurial training, and access to capital.
Expenses $494,811
-
Business Retention: Working with our network of community economic development partners, Advantage Valley funds outreach to existing manufacturers to link them with resources to retain and grow their number of employees and revenues.
Expenses $364,183
-
Regional Marketing: Advantage Valley seeks to increase private investment in the region by: 1) identifying business expansion projects that will lead to job growth; 2) promoting Opportunity Zone properties and businesses that represent catalytic community revitalization projects; 3) recruiting talent to live and work in the region; and 4) raising awareness about the affordability and livability of the region.
Expenses $62,871
-
All other programs
Expenses $14,000
As filed on the 2022 return.
Listed in Part VII
-
John Spoor
Partner
- Total calculated
- $0
- Hours/week
- 1
-
John Fuller
Affiliate
- Total calculated
- $0
- Hours/week
- 1
-
Sean Simon
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Charlotte Weber
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Mark Whitley
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Todd Hooker
Non Voting
- Total calculated
- $0
- Hours/week
- 1
-
John Musgraves
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Cade Vogelsong
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Steve Williams
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Heather Vanater
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Nicole Christian
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Joe Justice
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Morganne Tenney
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Amy Shuler Goodwin
Partner
- Total calculated
- $0
- Hours/week
- 1
-
L Allen Burner
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Kelley Goes
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Ashley Alford
Affiliate
- Total calculated
- $0
- Hours/week
- 1
-
Toney Stroud
Partner
- Total calculated
- $0
- Hours/week
- 1
-
D Spencer Murphy
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Rick Atkinson
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Tricia Ball
Affiliate
- Total calculated
- $0
- Hours/week
- 1
-
Matt Wagner
Partner
- Total calculated
- $0
- Hours/week
- 1
-
Wayne Morgan
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
John Stump
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Dave Lieving
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Robert Burton
President
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
Advantage Valley Community Developm
501c3 · Promote investmentemploymentpartnerships in distressed are · WV
Directly controlled by Advantage Valley
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 2 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202341339349301139
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.