Civic Intelligence

Wv Coalition for Technology-Based Economic Development Inc.

990 • Fiscal year 2022 • EIN 20-5793624

Oct 01, 2021 to Sep 30, 2022 • Filed on Aug 16, 2023

1740 Union Carbide Dr 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

95th percentile

1.03x

Higher debt load relative to assets than 95% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

3.49x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

7th percentile

-51%

Higher net margin than 7% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

14th percentile

-16%

Faster asset growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

4th percentile

-67%

Faster revenue growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$714,237

Down $133,561 (-16%) from 2021

Net Assets

Down

-$24,995

Down $107,245 (-130%) from 2021

Liabilities

Down

$739,232

Down $26,316 (-3.4%) from 2021

Revenue

Down

$211,512

Down $435,985 (-67%) from 2021

Expenses

Down

$318,757

Down $249,219 (-44%) from 2021

Net Income

Down

-$107,245

Down $186,766 (-235%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$714,237
Liabilities$739,232
Net Assets-$24,995

Operations Trend

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

2022

Revenue$211,512
Expenses$318,757
Net Income-$107,245
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 16, 2023
Return Version
2021v4.2
Gross Receipts
$211,512
Mission and Program Overview

Mission

Dedicated to growing and diversifying west virginia's economy by advancing technology-based economic development (tbed).

Advanced technology-based economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$408,825$364,551▼ $44,274
Cash and Non-Interest-Bearing Accounts$438,973$349,686▼ $89,287
Total Assets$847,798$714,237▼ $133,561
Liabilities
Deferred Revenue$753,357$739,232▼ $14,125
Other Liabilities$12,191$0▼ $12,191
Total Liabilities$765,548$739,232▼ $26,316
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$82,250$-24,995▼ $107,245
Total Net Assets Fund Balance$82,250$-24,995▼ $107,245
Total Liabilities and Net Assets / Fund Balance$847,798$714,237▼ $133,561
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kevin DigregorioChair
Matt HarbaughVice Chair
Arria HinesDirector
Bruce MutterDirector
Derek ScarbroDirector
Frank VitaleDirector
Greg HenthornDirector
Jeffery TuckerDirector
John MaherDirector
John RamseyDirector
MICHELLE O'CONNORDirector
Mary HuntDirector
Matt BallardDirector
Robert WentzDirector
Russ LorinceDirector
Scott RotruckDirector
Staci MillerDirector
Tom VorbachDirector
Virginia PainterDirector
Kelly GoesSecretary
Kevin HighlanderTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$211,512
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$134,078
Change in Net Assets
$-107,245
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$318,757
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$192,520--$192,520
Information Technology$88,586--$88,586
Fees for Services Accounting-$32,195-$32,195
Insurance$2,315--$2,315
Office Expenses$2,141--$2,141
Other Expenses$1,000--$1,000
Total Functional Expenses$286,562$32,195$0$318,757
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 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
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, conflicts 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 DR 4203, SOUTH CHARLESTON, WV 25303
Doing Business As
Tech Connect Wv

Signing Officer

Name
MICHELE O'CONNOR
Title
Chair
Phone
3044374295
Signed
2023-08-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
MICHELE O'CONNOR
Formed
2008
Legal Domicile
Wv
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
22

Preparer

Firm
Suttle & Stalnaker Pllc
Address
1411 VIRGINIA ST E STE 100, CHARLESTON, WV 25301
Preparer
Miri D Hunter CPA
Phone
3043434126
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other: program service expenses 192,520. Management and general expenses 0. Fundraising expenses 0. Total expenses 192,520.

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IRS990/MissionDesc0DEDICATED TO GROWING AND DIVERSIFYING WEST VIRGINIA'S ECONOMY BY ADVANCING TECHNOLOGY-BASED ECONOMIC DEVELOPMENT (TBED).
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IRS990/PrincipalOfficerNm0MICHELE O'CONNOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0TECHCONNECT LAUNCHED "BRIDGING THE ECOSYSTEM IN SCIENCE & TECHNOLOGY IN WEST VIRGINIA PROGRAM" (BEST IN WV) ON 9/16/20. SUPPORTED BY A FEDERAL & STATE TECHNOLOGY (FAST) PARTNERSHIP GRANT FROM THE U.S. SMALL BUSINESS ADMINISTRATION IN THE AMOUNT OF $125,000, THIS PROGRAM WAS DESIGNED TO HELP WEST VIRGINIA RESEARCH AND DEVELOP (R&D)-FOUCUSED SMALL BUSINESSES APPLY FOR AND WIN FEDERAL SMALL BUSINESS INNOVATION RESEARCH (SBIR) AND SMALL BUSINESS TECHNOLOGY TRANSFER (STTR) GRANTS. DELIVERED IN PARTNERSHIP WITH THE WV SMALL BUSINESS DEVELOPMENT CENTER, THE BEST IN WV PROGRAM HELP SBIR-STTR BOOTCAMPS THAT LED TO AN INCREASE IN RESEARCHES, ENTREPRENEURS, AND BUSINESS LEADERS BEING INTRODUCED TO OR BETTER INFORMED ABOUT THE SBIR-STTR PROGRAMS' OPPORTUNITIES, NEW SBR AND STTR APPLICATIONS FILED BY WEST VIRGINIA COMPANIES, AND SBIR/STTR AWARDS WON BY WEST VIRGINIA COMPANIES. REVENUE AND EXPENSES ARE INCLUDED IN PROGRAM #1.
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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, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OTHER: PROGRAM SERVICE EXPENSES 192,520. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 192,520.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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Document Assets

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Filings

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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2022 filings • 501(c)3 • $500k-$1M nonprofits