Totals
- Total revenue
- $1,059,199
- Total expenses
- $1,009,440
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,054,411
- Investment income
- $4,788
- Other revenue
- $0
- Total assets, end of year
- $354,671
- Total liabilities, end of year
- $166,066
- Net assets or fund balances, end of year
- $188,605
- Program services expenses (Part IX)
- $1,002,874
- Management and general expenses
- $6,566
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,002,874
Program services were 99.3% 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.
-
2a · Program service revenue: PROG.SERV.REVENUE-RELA
total $1,054,411 · related or exempt $1,054,411
-
3 · Investment income
total $4,788 · related or exempt $4,788
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $397,608 · program services $397,608
-
10 · Payroll taxes
total $144,518 · program services $144,518
-
11c · Fees: accounting
total $6,521 · management and general $6,521
-
11g · Fees: other
total $45 · management and general $45
-
12 · Advertising and promotion
total $74,308 · program services $74,308
-
13 · Office expenses
total $58,051 · program services $58,051
-
16 · Occupancy
total $9,071 · program services $9,071
-
17 · Travel
total $19,440 · program services $19,440
-
19 · Conferences, conventions and meetings
total $5,020 · program services $5,020
-
24a · Other expenses: HIVE EXPENSES
total $120,271 · program services $120,271
-
24b · Other expenses: MATCH EXPENSES
total $96,435 · program services $96,435
-
24c · Other expenses: CONTRACTUAL AND TECHNIC
total $78,152 · program services $78,152
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $104,425 · end of year $247,381
-
3 · Pledges and grants receivable
beginning of year $51,079 · end of year $1,443
-
15 · Other assets
beginning of year $252,223 · end of year $105,847
-
17 · Accounts payable and accrued expenses
beginning of year $10,990 · end of year $113,115
-
25 · Other liabilities
beginning of year $257,892 · end of year $52,951
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $138,845 · end of year $188,605
Mission and programs · 2022
Mission
THE WV HIVE IS POSITIONED TO HELP ASPIRING AND EXISTING BUSINESS OWNERS LAUNCH AND GROW SUCCESSFUL BUSINESSES THROUGHOUT SOUTHERN WEST VIRGINIA. BY SERVING 12 OF THE SOUTHERN-MOST COUNTIES, THE WV HIVE NETWORK BRINGS ONE-ON-ONE ASSISTANCE AND ADVANCED TECHNOLOGY CAPABILITIES TO MARKETS TYPICALLY UNDERVALUED.
Activities or mission (Part I)
OUR MISSION IS TO CONNECT ENTREPRENEURS WITH THE RESOURCES AND EXPERTISE THEY NEED TO GROW SUCCESSFUL COMPANIES RIGHT HERE IN THE MOUNTAIN STATE.
-
HELPED ASPIRING AND EXISTING BUSINESS OWNERS LAUNCH AND GROW SUCESSFUL BUSINESSES IN SOUTHERN WEST VIRGINIA.
Expenses $1,002,874 · Revenue $1,059,199
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jina BelcherJINA BELCHER
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 2
-
Chris FussellCHRIS FUSSELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jen WoodJEN WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jo HarrisJO HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike JarrellMIKE JARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Kent SpellmanKENT SPELLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tom ConwayTOM CONWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Katie LoudinKATIE LOUDIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ted KulaTED KULA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Chris VaughtCHRIS VAUGHT
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
Anne BarthANNE BARTH
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Ashleigh WallASHLEIGH WALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Judy MooreJUDY MOORE
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 20
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
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431369349302133
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