Civic Intelligence

Wv Coalition for Technology-Based Economic Development Inc.

990 • Fiscal year 2019 • EIN 20-5793624

Oct 01, 2018 to Sep 30, 2019 • Filed on Aug 14, 2020

Organization ProfileTECHCONNECTWV.ORG
1740 Union Carbide Drive No 4203South Charleston, WV 25303

(304) 437-4295

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

0.96x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

90th percentile

0.96x

Higher debt load relative to revenue than 90% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

72nd percentile

15%

Higher net margin than 72% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

17th percentile

-9.2%

Faster asset growth than 17% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-24%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$582,768

Down $59,293 (-9.2%) from 2018

Net Assets

Up

$22,205

Up $90,372 (+133%) from 2018

Liabilities

Down

$560,563

Down $149,665 (-21%) from 2018

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin72nd percentile

Revenue

Down

$584,547

Down $183,435 (-24%) from 2018

Expenses

Down

$494,175

Down $365,179 (-42%) from 2018

Net Income

Up

$90,372

Up $181,744 (+199%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2011: $278,437Liabilities 2011: $269,951Net Assets 2011: $8,4862011Assets 2012: $550,995Liabilities 2012: $542,312Net Assets 2012: $8,6832012Assets 2013: $597,325Liabilities 2013: $588,642Net Assets 2013: $8,6832013Assets 2014: $480,717Liabilities 2014: $472,034Net Assets 2014: $8,6832014Assets 2015: $481,884Liabilities 2015: $424,236Net Assets 2015: $57,6482015Assets 2016: $406,988Liabilities 2016: $393,810Net Assets 2016: $13,1782016Assets 2017: $596,295Liabilities 2017: $573,090Net Assets 2017: $23,2052017Assets 2018: $642,061Liabilities 2018: $710,228Net Assets 2018: -$68,1672018Assets 2019: $582,768Liabilities 2019: $560,563Net Assets 2019: $22,2052019Assets 2020: $1,077,826Liabilities 2020: $1,075,096Net Assets 2020: $2,7302020Assets 2021: $847,798Liabilities 2021: $765,548Net Assets 2021: $82,2502021Assets 2022: $714,237Liabilities 2022: $739,232Net Assets 2022: -$24,9952022Assets 2023: $305,545Liabilities 2023: $76,883Net Assets 2023: $228,6622023Assets 2024: $194,482Liabilities 2024: $23,013Net Assets 2024: $171,4692024Assets 2025: $82,766Liabilities 2025: $6,250Net Assets 2025: $76,5162025

Highlighted filing

2019

Assets$582,768
Liabilities$560,563
Net Assets$22,205
Open 2019 Filing

Operations Trend

Revenue Growth13th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $340,450Expenses 2011: $339,950Net Income 2011: $5002011Expenses 2012: $542,7842012Expenses 2013: $551,2252013Revenue 2014: $363,940Expenses 2014: $363,940Net Income 2014: $02014Revenue 2015: $402,315Expenses 2015: $353,350Net Income 2015: $48,9652015Revenue 2016: $409,959Expenses 2016: $454,429Net Income 2016: -$44,4702016Revenue 2017: $510,981Expenses 2017: $500,954Net Income 2017: $10,0272017Revenue 2018: $767,982Expenses 2018: $859,354Net Income 2018: -$91,3722018Revenue 2019: $584,547Expenses 2019: $494,175Net Income 2019: $90,3722019Revenue 2020: $448,158Expenses 2020: $467,633Net Income 2020: -$19,4752020Revenue 2021: $647,497Expenses 2021: $567,976Net Income 2021: $79,5212021Revenue 2022: $211,512Expenses 2022: $318,757Net Income 2022: -$107,2452022Revenue 2023: $347,132Expenses 2023: $252,256Net Income 2023: $94,8762023Revenue 2024: $145,078Expenses 2024: $202,271Net Income 2024: -$57,1932024Revenue 2025: $98,600Expenses 2025: $193,553Net Income 2025: -$94,9532025

Highlighted filing

2019

Revenue$584,547
Expenses$494,175
Net Income$90,372
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2018 to Sep 30, 2019
Signed
Aug 14, 2020
Return Version
2018v3.2
Gross Receipts
$584,547
Mission and Program Overview

Mission

Dedicated to growing and diversifying West Viginia's economy by advancing technology-based economic development (TBED).

Advanced technology-based economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$640,795$456,502▼ $184,293
Pledges and Grants Receivable-$125,000-
Total Assets$642,061$582,768▼ $59,293
Other Assets Total$1,266$1,266→ $0
Liabilities
Deferred Revenue$710,228$560,563▼ $149,665
Total Liabilities$710,228$560,563▼ $149,665
Net Assets / Fund Balance
Unrestricted Net Assets$-68,167$22,205▲ $90,372
Total Net Assets Fund Balance$-68,167$22,205▲ $90,372
Total Liabilities and Net Assets / Fund Balance$642,061$582,768▼ $59,293
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Anne BarthExecutive DirectorFT$82,800$82,800

Board Members and Trustees

NameTitle
MICHELE O'CONNORChair
Matt HarbaughVice Chair
Arria HinesDirector
Bruce MutterDirector
Clifton DedricksonDirector
Frank VitaleDirector
Gerald BiserDirector
Greg ClutterDirector
Greg HenthornDirector
Guy PedutoDirector
J Rudy HenleyDirector
Jamie CopeDirector
Jan TaylorDirector
John MaherDirector
Kevin DigregorioDirector
Mary HuntDirector
Robert WentzDirector
Russ LorinceDirector
Scott RotruckDirector
Tom VorbachDirector
Virginia PainterDirector
Kelley GoesSecretary
Kevin HighlanderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$500,312
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$84,235
All Other Contributions
$147,564
Change in Net Assets
$90,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$392,874
Salaries, Compensation, and Employee Benefits$101,301
Total Fundraising Expense$5,673
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$265,915--$265,915
Current Officers, Directors, Trustees, and Key Employees-$89,963$5,337$95,300
Information Technology$42,296--$42,296
Fees for Services Legal-$12,650-$12,650
Payment Travel Entrtnmnt Publicly Ofcl$12,497--$12,497
Travel$9,838--$9,838
Payroll Taxes-$5,665$336$6,001
Office Expenses$5,216--$5,216
Fees for Services Management$3,484--$3,484
Other Expenses$2,850--$2,850
Insurance$2,228--$2,228
Total Functional Expenses$380,224$108,278$5,673$494,175
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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 Organization provides a copy of the 990 return to all board members for their review before it is filed.”

Form 990, Part VI, Section B, line 12C

“Board Members are required to disclose any conflicts of interest to the board or executive committee as soon as they become aware of the conflict.”

Form 990, Part VI, Section B, line 15

“Compensation for the executive director and officer positions are reviewed and approved by independent members of the executive committee.”

Form 990, Part VI, Section C, line 19

“The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Wv Coalition for Technology Based
EIN
20-5793624
Phone
3044374295
Address
1740 Union Carbide Drive No 4203, South Charleston, WV 25303
Doing Business As
Tech Connect Wv

Signing Officer

Name
Anne Barth
Title
Executive Director
Phone
3044374295
Signed
2020-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anne Barth
Formed
2008
Legal Domicile
Wv
Voting Board Members
23
Independent Board Members
21
Employees
2
Volunteers
23

Preparer

Firm
Arnett Carbis Toothman LLP
Address
101 Washington Street East, Charleston, WV 25329
Preparer
Dolores Rose
Phone
3043460441
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Other Fees: Program service expenses 168,370. Management and general expenses 0. Fundraising expenses 0. Total expenses 168,370. Technical Management Fees: Program service expenses 97,545. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,545.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR
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IRS990/MissionDesc0Dedicated to growing and diversifying West Virginia's economy by advancing technology-based economic development (TBED).
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OtherExpensesGrp/Desc1Dues and Registrations
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IRS990/OtherRevenueMiscGrp/BusinessCd1900099
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IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Anne Barth
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0TechConnect hosted forums and special events designed to raise awareness of the benefits of technology-based economic development, spotlight success stories and share best practices, and encourage innovation and entrepreneurship throughout the state. TechConnect hosted the Coding & Cyber Summit on November 15, 2018 (200 people). In January 2019, TechConnect published the West Virginia Cybersecurity Workforce Strategic Initiative Report, which outlined current educational programs in the state and included more than 20 recommendations for growing the industry sector. The Report was developed in collaboration with a wide group of stakeholders convened by TechConnect, including representatives of K-12 education and higher education (both 2-year and 4-year), the High Technology Foundation, West Virginia Forward and the West Virginia National Guard. By demonstrating the means of producing a tech talent pipeline, the state will be in a better position to attract or help start new technology companies (including those focused on cybersecurity) in the state. More than 100 individuals from education, higher education, private technology and other firms, government and pertinent nonprofit organizations have participated in quarterly meetings for this ongoing activity.In addition, TechConnect co-hosted Innovation & Entrepreneurship Day at the State Capitol on January 10, 2019 (95 people and 40 exhibitors) and the 2019 West Virginia Bioscience Summit (60 people). Events such as these are designed to spur cluster growth in key technology sectors.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt036345
IRS990/ProgSrvcAccomActy3Grp/Desc0In August 2019, TechConnect was awarded a Federal & State Technology (FAST) Partnership Grant from the U.S. Small Business Administration in the amount of $125,000 to help West Virginia research and development (R&D)-focused small businesses apply for and win federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants. TechConnect's FAST grant, entitled "Bridging the Ecosystem in Science & Technology in West Virginia Program" (BEST in WV), will raise awareness of the benefits of applying for the federal SBIR/STTR programs while providing financial and technical assistance to help companies and researchers do so. Planned activities include a series of bootcamps, specialized assistance for entrepreneurs and researchers and creation of an SBIR-STTR network in the state.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Sponsorships - 2014 Amount: $ 21,243. 2015 Amount: $ 12,533. 2016 Amount: $ 17,630. 2017 Amount: $ 3,580. 2018 Amount: $ 50,146.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Organization provides a copy of the 990 return to all board members for their review before it is filed.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Board Members are required to disclose any conflicts of interest to the board or executive committee as soon as they become aware of the conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Compensation for the executive director and officer positions are reviewed and approved by independent members of the executive committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Other Fees: Program service expenses 168,370. Management and general expenses 0. Fundraising expenses 0. Total expenses 168,370. Technical Management Fees: Program service expenses 97,545. Management and general expenses 0. Fundraising expenses 0. Total expenses 97,545.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$582,768
Liabilities
$560,563
Net assets
$22,205
Revenue
$584,547
Expenses
$494,175
Net income
$90,372
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.08$0.01$0.08$0.10$0.19$0.09
2024Detailed filing. Detailed filing data is available for this year.$0.19$0.02$0.17$0.15$0.20$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.31$0.08$0.23$0.35$0.25$0.09
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.71$0.74$0.02$0.21$0.32$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.77$0.08$0.65$0.57$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.08$1.08$0.00$0.45$0.47$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.56$0.02$0.58$0.49$0.09
2018Detailed filing. Detailed filing data is available for this year.$0.64$0.71$0.07$0.77$0.86$0.09
2017Detailed filing. Detailed filing data is available for this year.$0.60$0.57$0.02$0.51$0.50$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.41$0.39$0.01$0.41$0.45$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.48$0.42$0.06$0.40$0.35$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.47$0.01$0.36$0.36$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.59$0.01$0.55
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.55$0.54$0.01$0.54
2011Summary only. Only limited summary data is available for this year.$0.28$0.27$0.01$0.34$0.34$0.00