Civic Intelligence

Wv Coalition for Technology-Based Economic Development Inc.

990 • Fiscal year 2023 • EIN 20-5793624

Oct 01, 2022 to Sep 30, 2023 • Filed on Aug 12, 2024

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

86th percentile

0.25x

Higher debt load relative to assets than 86% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

88th percentile

0.22x

Higher debt load relative to revenue than 88% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

80th percentile

27%

Higher net margin than 80% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

96th percentile

$72,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 20.7% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

9th percentile

-57%

Faster asset growth than 9% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

84th percentile

64%

Faster revenue growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$305,545

Down $408,692 (-57%) from 2022

Net Assets

Up

$228,662

Up $253,657 (+1015%) from 2022

Liabilities

Down

$76,883

Down $662,349 (-90%) from 2022

Revenue

Up

$347,132

Up $135,620 (+64%) from 2022

Expenses

Down

$252,256

Down $66,501 (-21%) from 2022

Net Income

Up

$94,876

Up $202,121 (+188%) from 2022

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

2023

Assets$305,545
Liabilities$76,883
Net Assets$228,662

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

2023

Revenue$347,132
Expenses$252,256
Net Income$94,876
Jump To
Filing Snapshot
Filing Period
Oct 1, 2022 to Sep 30, 2023
Signed
Aug 12, 2024
Return Version
2022v5.0
Gross Receipts
$347,132
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
Cash and Non-Interest-Bearing Accounts$349,686$276,560▼ $73,126
Pledges and Grants Receivable$364,551$28,985▼ $335,566
Total Assets$714,237$305,545▼ $408,692
Liabilities
Accounts Payable and Accrued Expenses-$40,078-
Deferred Revenue$739,232$36,805▼ $702,427
Total Liabilities$739,232$76,883▼ $662,349
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-24,995$228,662▲ $253,657
Total Net Assets Fund Balance$-24,995$228,662▲ $253,657
Total Liabilities and Net Assets / Fund Balance$714,237$305,545▼ $408,692
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kevin DigregorioChair/executive DirectorPT$72,000$72,000

Board Members and Trustees

NameTitle
Matt HarbaughVice Chair
Arria HinesDirector
Ashhok AggarwalDirector
Bruce MutterDirector
Derek ScarbroDirector
Greg HenthornDirector
Jeffery TuckerDirector
John MaherDirector
John RamseyDirector
MICHELLE O'CONNORDirector
Mary HuntDirector
Matt BallardDirector
Robert WentzDirector
Russ LorinceDirector
Scott RotruckDirector
Tom VorbachDirector
Kelly GoesSecretary
Chris DeweeseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$347,132
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$347,132
Change in Net Assets
$94,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$180,256
Salaries, Compensation, and Employee Benefits$72,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$128,141--$128,141
Current Officers, Directors, Trustees, and Key Employees$36,000$36,000-$72,000
Information Technology$30,580--$30,580
Fees for Services Accounting-$17,114-$17,114
Insurance-$2,428-$2,428
Office Expenses$1,993--$1,993
Total Functional Expenses$196,714$55,542$0$252,256
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
Backup withholding compliance
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
Kevin Digregorio
Title
Chair
Phone
3044374295
Signed
2024-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Digregorio
Formed
2008
Legal Domicile
Wv
Voting Board Members
19
Independent Board Members
18
Employees
0
Volunteers
18

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 128,141. Management and general expenses 0. Fundraising expenses 0. Total expenses 128,141.

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IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0364551
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt028985
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0KEVIN DIGREGORIO
IRS990/PriorPeriodAdjustmentsAmt0158781
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0FAST: TCWV LED THIS GRANT TO SUPPORT THE SMALL BUSINESS ADMINISTRATION'S WV EFFORT TO PROMOTE THE FEDERAL GOVERNMENT'S SBIR/STTR OPPORTUNITIES WITHIN THE STATE'S ENTREPRENEURIAL AND SMALL BUSINESS COMMUNITIES..
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt099000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MAPP-CORE: A DOE-FUNDED AND WVU-LED GRANT PROGRAM THAT IS EXPLORING THE POTENTIAL TO COMMERCIALIZE THE PRODUCTION OF RARE EARTH ELEMENTS AND CRITICAL MINERALS FROM COAL WASTE. TCWV LEADS THE PROGRAM'S INDUSTRY OUTREACH AND EDUCATION EFFORTS.THREE STEPS TO STARTUP: TCWV WAS A STRATEGIC PARTNER IN A THIS GRANT EFFORT TO SUPPORT ENTREPRENEURS AND SMALL BUSINESSES IN DEVELOPING THEIR PRODUCTS AND PURSUING INVESTMENT FUNDING.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt015552
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0211512
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0318757
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-107245
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0318757
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0211512
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt094876
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0347132
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0199512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0630996
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0411286
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0409937
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01998863
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt016500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt033584
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt050146
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0100230
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95230
IRS990ScheduleA/PublicSupportPY170Pct00.95640
IRS990ScheduleA/PublicSupportTotal170Amt01998863
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0347132
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0199512
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0630996
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0411286
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0409937
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01998863
IRS990ScheduleA/TotalSupportAmt02099093
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
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 128,141. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 128,141.
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
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WV
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
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IRS990/TotalAssetsEOYAmt0305545
IRS990/TotalAssetsGrp/BOYAmt0714237
IRS990/TotalAssetsGrp/EOYAmt0305545
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0347132
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt055542
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0196714
IRS990/TotalFunctionalExpensesGrp/TotalAmt0252256
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0739232
IRS990/TotalLiabilitiesEOYAmt076883
IRS990/TotalLiabilitiesGrp/BOYAmt0739232
IRS990/TotalLiabilitiesGrp/EOYAmt076883
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-24995
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0228662
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt015552
IRS990/TotalProgramServiceExpensesAmt0196714
IRS990/TotalReportableCompFromOrgAmt072000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0347132
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt018
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0714237
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0305545
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01740 UNION CARBIDE DR 4203
IRS990/USAddress/CityNm0SOUTH CHARLESTON
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd025303
IRS990/VotingMembersGoverningBodyCnt019
IRS990/VotingMembersIndependentCnt018
IRS990/WebsiteAddressTxt0HTTPS://TECHCONNECTWV.ORG/
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KEVIN DIGREGORIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03044374295
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WV COALITION FOR TECHNOLOGY BASED
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0ECONOMIC DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0WVCO

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

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