Form 990 for tax year 2024
Filed by PARKERSBURG - WOOD COUNTY AREA DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $430,680
- Total expenses
- $359,999
- Contributions and grants received
- $418,843
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $10,417
- Other revenue
- $1,420
- Total assets, end of year
- $418,707
- Total liabilities, end of year
- $1,880
- Net assets or fund balances, end of year
- $416,827
- Program services expenses (Part IX)
- $36,000
- Management and general expenses
- $323,999
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $36,000
Program services were 10.0% 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.
-
1d · Related organizations
$260,548
-
1f · All other contributions, gifts and grants
$158,295
-
3 · Investment income
total $10,417 · related or exempt $10,417
-
11a · Other revenue: MISCELLANEOUS
total $1,420 · excluded $1,420
-
11e · Other revenue, total
$1,420
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $249,655 · program services $24,965 · management and general $224,690
-
9 · Other employee benefits
total $7,490 · program services $749 · management and general $6,741
-
10 · Payroll taxes
total $19,468 · program services $1,947 · management and general $17,521
-
11b · Fees: legal
total $37 · program services $4 · management and general $33
-
11c · Fees: accounting
total $1,520 · program services $152 · management and general $1,368
-
11g · Fees: other
total $12,350 · program services $1,235 · management and general $11,115
-
12 · Advertising and promotion
total $17,608 · program services $1,761 · management and general $15,847
-
13 · Office expenses
total $8,847 · program services $885 · management and general $7,962
-
16 · Occupancy
total $25,756 · program services $2,576 · management and general $23,180
-
17 · Travel
total $1,553 · program services $155 · management and general $1,398
-
23 · Insurance
total $4,022 · program services $402 · management and general $3,620
-
24a · Other expenses: TRADE SHOW
total $6,673 · program services $667 · management and general $6,006
-
24b · Other expenses: MISCELLANEOUS
total $2,420 · program services $242 · management and general $2,178
-
24c · Other expenses: BAD DEBT EXPENSE
total $2,000 · program services $200 · management and general $1,800
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $600 · program services $60 · management and general $540
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $340,453 · end of year $403,866
-
4 · Accounts receivable
beginning of year $10,471 · end of year $12,145
-
9 · Prepaid expenses and deferred charges
end of year $2,696
-
10a · Land, buildings and equipment: cost or other basis
$8,565
-
10b · Land, buildings and equipment: accumulated depreciation
$8,565
-
17 · Accounts payable and accrued expenses
beginning of year $4,778 · end of year $1,880
-
27 · Net assets without donor restrictions
beginning of year $346,146 · end of year $416,827
Mission and programs · 2024
Mission
TO PROVIDE AREA BUSINESSES WITH THE OPPORTUNITY TO DEVELOP THROUGH A LOW INTEREST LOAN PROGRAM INVOLVING THE WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY, LOCAL BANKS AND THE PARKERSBURG WOOD COUNTY AREA DEVELOPMENT CORPORATION.
Activities or mission (Part I)
TO PROVIDE AREA BUSINESSES WITH THE OPPORTUNITY TO DEVELOP THROUGH A LOW INTEREST LOAN PROGRAM INVOLVING THE WV ECONOMIC DEVELOPMENT AUTHORITY, LOCAL BANKS AND PARKERSBURG WOOD COUNTY AREA DEVELOPMENT CORPORATION.
-
TO PROVIDE AREA BUSINESSES WITH THE OPPORTUNITY TO DEVELOP THROUGH A LOW INTEREST LOAN PROGRAM INVOLVING THE WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY, LOCAL BANKS AND THE PARKERSUBRG WOOD COUNTY AREA DEVELOPMENT CORPORATION.
Expenses $36,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Lindsey Kerr PiersolLINDSEY KERR PIERSOL
EXECUTIVE DI
- Total calculated
- $139,060
- From this org
- $139,060
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Susan BarberSUSAN BARBER
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Greg BoltonGREG BOLTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Patrick BryanPATRICK BRYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tim CoffmanTIM COFFMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Vinnie ConleyVINNIE CONLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Andrew DanielANDREW DANIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Chad EmrickCHAD EMRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jim FawcettJIM FAWCETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Bob FehrenbacherBOB FEHRENBACHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Dr Torie JacksonDR TORIE JACKSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mayor Tom JoyceMAYOR TOM JOYCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Marjean KennedyMARJEAN KENNEDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Maryanne KetelsenMARYANNE KETELSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Buddy MaloneBUDDY MALONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mike MathenyMIKE MATHENY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ed McDonoughED MCDONOUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
David MitchellDAVID MITCHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Todd NestorTODD NESTOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tres RossTRES ROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Emily SamsEMILY SAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Harry SilvisHARRY SILVIS
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0
-
Angi SmithANGI SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
James SpannerJAMES SPANNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Amanda StevensAMANDA STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Ryan TaylorRYAN TAYLOR
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 0
-
Kevin TrippettKEVIN TRIPPETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jeremy WebbJEREMY WEBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mike WilliamsMIKE WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 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
- 2024
- Filed
- 6 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543219349301864
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