Civic Intelligence

Hic Industrial Center

EIN 20-2078858 • 501(c)6 • Huntington, WV

Profile

Economic development in the metro region of huntington, west virginia

916 Fifth Avenue Suite 400Huntington, WV 25701

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

61st percentile

0.23x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

3.00x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

47th percentile

4.7%

Faster asset growth than 47% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

17th percentile

-5.9%

Faster revenue growth than 17% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$1,912,876

Up $131,764 (+7.4%) from 2023

Liabilities

Down

$436,853

Down $13,770 (-3.1%) from 2023

Net Assets

Up

$1,476,023

Up $145,534 (+11%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin100th percentile

Revenue

Up

$145,534

Up $7,978 (+5.8%) from 2023

Expenses

Flat

$0

Flat from 2023

Net Income

Up

$145,534

Up $7,978 (+5.8%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth47th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2017: $1,712,187Liabilities 2017: $1,187,576Net Assets 2017: $524,6112017Assets 2018: $1,702,488Liabilities 2018: $1,078,100Net Assets 2018: $624,3882018Assets 2019: $1,334,064Liabilities 2019: $575,099Net Assets 2019: $758,9652019Assets 2020: $1,455,314Liabilities 2020: $566,900Net Assets 2020: $888,4142020Assets 2021: $1,578,158Liabilities 2021: $549,730Net Assets 2021: $1,028,4282021Assets 2022: $1,744,408Liabilities 2022: $551,475Net Assets 2022: $1,192,9332022Assets 2023: $1,781,112Liabilities 2023: $450,623Net Assets 2023: $1,330,4892023Assets 2024: $1,912,876Liabilities 2024: $436,853Net Assets 2024: $1,476,0232024

Highlighted filing

2024

Assets$1,912,876
Liabilities$436,853
Net Assets$1,476,023
Open 2024 Filing

Operations Trend

Revenue Growth17th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200K$150K$100K$50K$0Revenue 2017: $107,858Expenses 2017: $0Net Income 2017: $107,8582017Revenue 2018: $99,777Expenses 2018: $0Net Income 2018: $99,7772018Revenue 2019: $134,577Expenses 2019: $0Net Income 2019: $134,5772019Revenue 2020: $129,449Expenses 2020: $0Net Income 2020: $129,4492020Revenue 2021: $140,014Expenses 2021: $0Net Income 2021: $140,0142021Revenue 2022: $164,505Expenses 2022: $0Net Income 2022: $164,5052022Revenue 2023: $137,556Expenses 2023: $0Net Income 2023: $137,5562023Revenue 2024: $145,534Expenses 2024: $0Net Income 2024: $145,5342024

Highlighted filing

2024

Revenue$145,534
Expenses$0
Net Income$145,534
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,912,876
Liabilities
$436,853
Net assets
$1,476,023
Revenue
$145,534
Expenses
$0
Net income
$145,534
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.91$0.44$1.48$0.15$0.00$0.15
2023Detailed filing. Detailed filing data is available for this year.$1.78$0.45$1.33$0.14$0.00$0.14
2022Detailed filing. Detailed filing data is available for this year.$1.74$0.55$1.19$0.16$0.00$0.16
2021Detailed filing. Detailed filing data is available for this year.$1.58$0.55$1.03$0.14$0.00$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.46$0.57$0.89$0.13$0.00$0.13
2019Detailed filing. Detailed filing data is available for this year.$1.33$0.58$0.76$0.13$0.00$0.13
2018Detailed filing. Detailed filing data is available for this year.$1.70$1.08$0.62$0.10$0.00$0.10
2017Detailed filing. Detailed filing data is available for this year.$1.71$1.19$0.52$0.11$0.00$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$216,000
Mission and Program Overview

Mission

Economic development in the metro region of huntington, west virginia

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,058,227$1,004,584▼ $53,643
Prepaid Expenses and Deferred Charges-$1,159-
Total Assets$1,781,112$1,912,876▲ $131,764
Other Assets Total$722,885$907,133▲ $184,248
Liabilities
Mortgage Notes Payable Secured by Investment Property$450,623$418,853▼ $31,770
Deferred Revenue-$18,000-
Total Liabilities$450,623$436,853▼ $13,770
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,330,489$1,476,023▲ $145,534
Total Net Assets Fund Balance$1,330,489$1,476,023▲ $145,534
Total Liabilities and Net Assets / Fund Balance$1,781,112$1,912,876▲ $131,764

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$865,384$944,733-
Land$139,200--
Other Assets Org$907,133--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleOtherTotal
David H LievingPresident$128,000$128,000

Board Members and Trustees

NameTitle
Spencer MurphyChairman
John StumpVice Chairman
Adam PhillipsBoard Member
Allen BurnerBoard Member
Andy BowenBoard Member
Bill JonesBoard Member
C R Neighborgall IvBoard Member
Cathy BurnsBoard Member
Chris TatumBoard Member
Chuck Oldaker JrBoard Member
Daniel a EarlBoard Member
Donna VineyardBoard Member
Dr John M MaherBoard Member
Dr Kevin YinglingBoard Member
Emily BartramBoard Member
Geoffrey S SheilsBoard Member
Heather VanaterBoard Member
Jim FitzwaterBoard Member
Joe McdonieBoard Member
John SpoorBoard Member
Josh BakerBoard Member
Keith BurdetteBoard Member
Larry S CastleBoard Member
Liza CaldwellBoard Member
Matthew M WagnerBoard Member
Megan ArcherBoard Member
Patrick FarrellBoard Member
Rob SellardsBoard Member
Robert ThompsonBoard Member
Sean SimonBoard Member
Stephen J GolderBoard Member
Terrell EllisBoard Member
Tim HardestyBoard Member
Toney StroudBoard Member
Vicki TaylorBoard Member
Scott RiedelSecretary
Mark MorganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$145,534
Change in Net Assets
$145,534
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The governing body has given the president the authority to review and sign the form 990.”

Form 990, Part VI, Section C, Line 19

“The organization will make its documents available upon request.”

Filing and Contact Details

Filer

Filer Name
Hic Industrial Center
EIN
20-2078858
Phone
3045251161
Address
916 FIFTH AVENUE SUITE 400, HUNTINGTON, WV 25701

Signing Officer

Name
David H Lieving
Title
President
Phone
3045251161
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David H Lieving
Formed
2004
Legal Domicile
Wv
Voting Board Members
38
Independent Board Members
38
Employees
0
Volunteers
38

Preparer

Firm
Suttle & Stalnaker Pllc
Address
501 5TH AVENUE SUITE 1, HUNTINGTON, WV 25701
Preparer
Wade Newell CPA
Phone
3045250301
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Oversight and selection process has not changed.”

Financial Statement Notes

PART X, LINE 2:

“The organization adopted the provisions of accounting standards codification (asc) topic 740, income taxes, relating to unrecognized tax benefits. This standard requires an entity to recognize a liability for tax positions when there is a 50% or greater likelihood that the position will not be sustained upon examination. The organization is liable for taxes to the extent of any unrelated business income as defined by irs regulations. The organization believes that it has not engaged in any unrelated business income as defined by irs regulations and that it is more likely than not that this position would be sustained upon examination. As such, there were no liabilities recorded for uncertain tax positions as of december 31, 2024.”

Raw XML AppendixShowing 400 of 537 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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