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← MID ATLANTIC TECHNOLOGY RESEARCH AND INNOVATION CENTER INC

Form 990 for tax year 2024

Filed by MID ATLANTIC TECHNOLOGY RESEARCH AND INNOVATION CENTER INC.

Totals

Total revenue
$230,419
Total expenses
$51,706
Contributions and grants received
$0
Grants paid
$25,000
Program service revenue
$0
Investment income
$230,419
Other revenue
$0
Total assets, end of year
$3,288,283
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,288,283
Program services expenses (Part IX)
$31,134
Management and general expenses
$20,572
Fundraising expenses
$0
Program service expenses (Part III)
$31,134

Program services were 60.2% 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.

  • 3 · Investment income

    total $230,419 · excluded $230,419

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 11b · Fees: legal

    total $18,786 · management and general $18,786

  • 11f · Fees: investment management

    total $1,747 · management and general $1,747

  • 13 · Office expenses

    total $39 · management and general $39

  • 23 · Insurance

    total $6,134 · program services $6,134

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,734 · end of year $180,966

  • 2 · Savings and temporary cash investments

    beginning of year $633,756 · end of year $834,092

  • 7 · Other notes and loans receivable

    beginning of year $2,350,794 · end of year $2,208,939

  • 15 · Other assets

    beginning of year $89,286 · end of year $64,286

  • 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 $3,109,570 · end of year $3,288,283

Mission and programs · 2024

Mission

TO PROVIDE THE GREATER KANAWHA VALLEY AREA OF WEST VIRGINIA CHARITABLE, SCIENTIFIC, AND EDUCATIONAL RESEARCH WHICH CAN BE UTILIZED TO FOSTER ECONOMIC DEVELOPMENT.

Activities or mission (Part I)

CHARITABLE, SCIENTIFIC, AND EDUCATIONAL RESEARCH AND ECONOMIC DEVELOPMENT

  • SERVICE OUTPUT: TO HELP REVITALIZE INDUSTRY WITHIN THE GEOGRAPHIC AREA. POPULATION SERVED: 100,000

    Expenses $31,134 · Grants $25,000 · Revenue $230,419

As filed on the 2024 return.

Listed in Part VII

  • WILLIAM B GOODE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • STEPHEN M WOOMER

    TREASURER

    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

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202533169349305168

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