Form 990 for tax year 2023
Filed by DISCOVER THE REAL WEST VIRGINIA FOUNDATION INC.
Totals
- Total revenue
- $174,579
- Total expenses
- $167,770
- Contributions and grants received
- $117,904
- Grants paid
- $0
- Program service revenue
- $55,100
- Investment income
- $1,575
- Other revenue
- $0
- Total assets, end of year
- $139,748
- Total liabilities, end of year
- $51,980
- Net assets or fund balances, end of year
- $87,768
- Program services expenses (Part IX)
- $96,536
- Management and general expenses
- $38,660
- Fundraising expenses
- $32,574
- Program service expenses (Part III)
- $96,536
Program services were 57.5% 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.
-
1e · Government grants (contributions)
$24,904
-
1f · All other contributions, gifts and grants
$93,000
-
2a · Program service revenue: PROGRAM INCOME
total $55,100 · related or exempt $55,100
-
3 · Investment income
total $1,575 · excluded $1,575
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $73,500 · program services $47,775 · management and general $11,025 · fundraising $14,700
-
8 · Pension plan contributions
total $2,940 · program services $1,911 · management and general $441 · fundraising $588
-
9 · Other employee benefits
total $17,460 · program services $11,349 · management and general $2,619 · fundraising $3,492
-
10 · Payroll taxes
total $5,623 · program services $3,655 · management and general $844 · fundraising $1,124
-
11c · Fees: accounting
total $12,422 · management and general $12,422
-
11g · Fees: other
total $2,338 · management and general $2,338
-
12 · Advertising and promotion
total $6,513 · program services $2,430 · fundraising $4,083
-
13 · Office expenses
total $12,811 · program services $6,205 · management and general $1,317 · fundraising $5,289
-
16 · Occupancy
total $15,871 · program services $7,020 · management and general $6,628 · fundraising $2,223
-
17 · Travel
total $13,736 · program services $13,417 · fundraising $319
-
23 · Insurance
total $2,947 · program services $1,768 · management and general $619 · fundraising $560
-
24a · Other expenses: PARKING
total $653 · program services $396 · management and general $139 · fundraising $118
-
24b · Other expenses: MISCELLANEOUS
total $562 · program services $357 · management and general $205
-
24c · Other expenses: WORKERS COM INSURANCE
total $235 · program services $153 · management and general $35 · fundraising $47
-
24d · Other expenses: PERSONAL PROPERTY TAXES
total $94 · program services $61 · management and general $14 · fundraising $19
-
24e · All other expenses
total $65 · program services $39 · management and general $14 · fundraising $12
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $11,937 · end of year $86,187
-
2 · Savings and temporary cash investments
beginning of year $71,122 · end of year $53,561
-
17 · Accounts payable and accrued expenses
beginning of year $2,100 · end of year $1,980
-
25 · Other liabilities
end of year $50,000
-
27 · Net assets without donor restrictions
beginning of year $80,959 · end of year $87,768
Mission and programs · 2023
Mission
-ATTRACT NATIONAL AND INTERNATIONAL INVESTMENT: WEST VIRGINIA IS BECOMING A LEADER IN THE WORLD MARKETPLACE, AND IT DID NOT ARRIVE HERE BY ACCIDENT. THE FOUNDATION HAS A LONG AND ACCOMPLISHED HISTORY OF ATTRACTING NATIONAL AND INTERNATIONAL INVESTMENT BY ELEVATING WEST VIRGINIA'S STATURE IN THE GLOBAL BUSINESS ARENA. -RETAIN AND EXPAND WEST VIRGINIA BUSINESSES: THE FOUNDATION IS A STRATEGIC PARTNER FOR WEST VIRGINIA BUSINESSES. ITS PROGRAMS FOCUS ON PROVIDING WEST VIRGINIA BUSINESSES THE RESOURCES THEY NEED TO GROW AND SUCCEED IN TODAY'S GLOBAL ECONOMY. -HIGHLIGHT ISSUES CRITICAL TO ECONOMIC GROWTH: THE ORGANIZATION SEEKS TO HIGHLIGHT ISSUES OR TOPICS CRITICAL TO ECONOMIC GROWTH AND TO FACILITATE ACTION AMONG STAKEHOLDERS.
-
FRIENDS OF DRWV RECEPTION 2023
Expenses $81,983 · Revenue $25,500
-
SELECT USA INVESTMENT SUMMIT 2023
Expenses $14,504
-
INVESTMENT WEBINAR FOR FOREIGN ENERGY-INTENSIVE INDUSTRIES
Expenses $49
-
WVU RNI RECEPTION
Revenue $29,600
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Sara DearingSARA DEARING
EXECUTIVE DI
- Total calculated
- $93,900
- From this org
- $73,500
- From related orgs
- $0
- Other
- $20,400
- Hours/week
- 40
-
Thomas A Heywood EsquireTHOMAS A HEYWOOD ESQUIRE
DIRECTOR
- Total calculated
- $0
-
Craig W HartzellCRAIG W HARTZELL
VICE PRESIDE
- Total calculated
- $0
-
Ellen S Cappellanti EsquireELLEN S CAPPELLANTI ESQUIRE
DIRECTOR
- Total calculated
- $0
-
Lloyd G Jackson IILLOYD G JACKSON II
DIRECTOR
- Total calculated
- $0
-
Patrick RobertsonPATRICK ROBERTSON
PRESIDENT
- Total calculated
- $0
-
William D WilmothWILLIAM D WILMOTH
DIRECTOR
- Total calculated
- $0
-
Ralph H Baxter JrRALPH H BAXTER JR
DIRECTOR
- Total calculated
- $0
-
Steven B HedrickSTEVEN B HEDRICK
DIRECTOR
- Total calculated
- $0
-
Albert L Wright JrALBERT L WRIGHT JR
DIRECTOR
- Total calculated
- $0
-
Marc A HalbritterMARC A HALBRITTER
DIRECTOR
- Total calculated
- $0
-
Brad N HallBRAD N HALL
TREASURER
- Total calculated
- $0
-
Jason S HarshbargerJASON S HARSHBARGER
DIRECTOR
- Total calculated
- $0
-
Diana Lewis JacksonDIANA LEWIS JACKSON
SECRETARY
- Total calculated
- $0
-
Jerry MullensJERRY MULLENS
DIRECTOR
- Total calculated
- $0
-
Josh SwordJOSH SWORD
DIRECTOR
- Total calculated
- $0
-
Louis WeisbergLOUIS WEISBERG
DIRECTOR
- Total calculated
- $0
-
Lisa Chamberlin StumpLISA CHAMBERLIN STUMP
DIRECTOR
- Total calculated
- $0
-
Matthew BondMATTHEW BOND
DIRECTOR
- Total calculated
- $0
-
David RosierDAVID ROSIER
DIRECTOR
- Total calculated
- $0
-
Patrick V O'MalleyPATRICK V O'MALLEY
DIRECTOR
- Total calculated
- $0
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 December 2024
- IRS schema version
- 2023v6.0
- Source object
- 202540309349301629
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