Civic Intelligence

Discover the Real West Virginia Foundation Inc.

990 • Fiscal year 2019 • EIN 55-0725474

Apr 01, 2018 to Mar 31, 2019 • Filed on Dec 06, 2019

Organization ProfileWWW.DRWVFOUNDATION.ORG
405 Capitol Street Suite 512Charleston, WV 25301

(304) 345-0700

Siviq Scores

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

Liabilities / Assets

69th percentile

0.03x

Higher debt load relative to assets than 69% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

66th percentile

0.01x

Higher debt load relative to revenue than 66% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

81st percentile

27%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

97th percentile

$84,689

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 37.3% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

93rd percentile

138%

Faster asset growth than 93% of similar nonprofits.

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

Revenue Growth

85th percentile

49%

Faster revenue growth than 85% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$104,627

Up $60,695 (+138%) from 2018

Net Assets

Up

$101,968

Up $61,079 (+149%) from 2018

Liabilities

Down

$2,659

Down $384 (-13%) from 2018

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin81st percentile

Revenue

Up

$226,849

Up $74,387 (+49%) from 2018

Expenses

Down

$165,770

Down $11,621 (-6.6%) from 2018

Net Income

Up

$61,079

Up $86,008 (+345%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth93rd percentile

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

$200K$150K$100K$50K$0Assets 2011: $162,464Liabilities 2011: $3,160Net Assets 2011: $159,3042011Assets 2012: $164,692Liabilities 2012: $3,334Net Assets 2012: $161,3582012Assets 2013: $103,327Liabilities 2013: $3,480Net Assets 2013: $99,8472013Assets 2014: $98,426Liabilities 2014: $2,968Net Assets 2014: $95,4582014Assets 2015: $71,452Liabilities 2015: $3,023Net Assets 2015: $68,4292015Assets 2016: $98,618Liabilities 2016: $3,034Net Assets 2016: $95,5842016Assets 2017: $69,042Liabilities 2017: $3,224Net Assets 2017: $65,8182017Assets 2018: $43,932Liabilities 2018: $3,043Net Assets 2018: $40,8892018Assets 2019: $104,627Liabilities 2019: $2,659Net Assets 2019: $101,9682019Assets 2020: $103,292Liabilities 2020: $2,742Net Assets 2020: $100,5502020Assets 2021: $133,088Liabilities 2021: $22,235Net Assets 2021: $110,8532021Assets 2022: $100,104Liabilities 2022: $2,718Net Assets 2022: $97,3862022Assets 2023: $83,059Liabilities 2023: $2,100Net Assets 2023: $80,9592023Assets 2024: $139,748Liabilities 2024: $51,980Net Assets 2024: $87,7682024Assets 2025: $137,513Liabilities 2025: $6,948Net Assets 2025: $130,5652025

Highlighted filing

2019

Assets$104,627
Liabilities$2,659
Net Assets$101,968
Open 2019 Filing

Operations Trend

Revenue Growth85th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $230,954Expenses 2011: $238,209Net Income 2011: -$7,2552011Revenue 2012: $222,945Expenses 2012: $220,891Net Income 2012: $2,0542012Expenses 2013: $192,0542013Revenue 2014: $210,501Expenses 2014: $214,890Net Income 2014: -$4,3892014Revenue 2015: $173,697Expenses 2015: $200,726Net Income 2015: -$27,0292015Revenue 2016: $192,075Expenses 2016: $164,920Net Income 2016: $27,1552016Revenue 2017: $144,367Expenses 2017: $174,133Net Income 2017: -$29,7662017Revenue 2018: $152,462Expenses 2018: $177,391Net Income 2018: -$24,9292018Revenue 2019: $226,849Expenses 2019: $165,770Net Income 2019: $61,0792019Revenue 2020: $154,582Expenses 2020: $156,000Net Income 2020: -$1,4182020Revenue 2021: $150,057Expenses 2021: $139,754Net Income 2021: $10,3032021Revenue 2022: $146,606Expenses 2022: $160,073Net Income 2022: -$13,4672022Revenue 2023: $141,685Expenses 2023: $158,112Net Income 2023: -$16,4272023Revenue 2024: $174,579Expenses 2024: $167,770Net Income 2024: $6,8092024Revenue 2025: $223,964Expenses 2025: $181,167Net Income 2025: $42,7972025

Highlighted filing

2019

Revenue$226,849
Expenses$165,770
Net Income$61,079
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Dec 6, 2019
Return Version
2018v3.1
Gross Receipts
$226,849
Mission and Program Overview

Mission

-attract national and international investment: west virginia is becoming a leader in the world marketplace, and it did not arrive here by accident. The foundation has a long and accomplished history of attracting national and international investment by elevating west virginia's stature in the global business arena. -retain and expand west virginia businesses: the foundation is a strategic partner for west virginia businesses. Its programs focus on providing west virginia businesses the resources they need to grow and succeed in today's global economy. -highlight issues critical to economic growth: the organization seeks to highlight issues or topics critical to economic growth and to facilitate action among stakeholders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$31,614$90,418▲ $58,804
Cash and Non-Interest-Bearing Accounts$12,318$14,209▲ $1,891
Total Assets$43,932$104,627▲ $60,695
Liabilities
Other Liabilities$3,043$2,659▼ $384
Total Liabilities$3,043$2,659▼ $384
Net Assets / Fund Balance
Unrestricted Net Assets$40,889$101,968▲ $61,079
Total Net Assets Fund Balance$40,889$101,968▲ $61,079
Total Liabilities and Net Assets / Fund Balance$43,932$104,627▲ $60,695
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleBaseOtherTotal
Sara DearingExecutive Di$71,000$13,689$84,689

Board Members and Trustees

NameTitle
Lloyd G Jackson IiPresident
Albert L Wright JrDirector
Brad N HallDirector
Craig W HartzellDirector
Ellen S Cappellanti EsquireDirector
Julie R GurtisDirector
Kenneth M PerdueDirector
Marc a HalbritterDirector
Michael J BasileDirector
Ralph H Baxter JrDirector
Robert C OrndorffDirector
Steven B HedrickDirector
Thomas a Heywood EsquireDirector
Senator Joe Manchin IiiHonorary CHA
Bobby Blakley JrSecretary
Patrick RobertsonTreasurer
William D WilmothVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$180,750
Program Service Revenue
$46,046
Investment Income
$53
Other Revenue
$0
All Other Contributions
$180,750
Change in Net Assets
$61,079

Audited Revenue Reconciliation

Revenue per Audited Statements
$226,849
Total Revenue per Audited Statements
$226,849
Total Revenue per Form 990
$226,849
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$93,178
Other Expenses$72,592
Total Fundraising Expense$29,091
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$46,150$10,650$14,200$71,000
Office Expenses$10,005$920$3,325$14,250
Occupancy$7,386$1,705$2,273$11,364
Other Employee Benefits$7,084$1,635$2,180$10,899
Fees for Services Accounting-$8,349-$8,349
Travel$5,748-$1,215$6,963
Payroll Taxes$3,893$898$1,198$5,989
Information Technology-$3,309-$3,309
Advertising--$3,160$3,160
Pension Plan Contributions$1,813$419$558$2,790
Other Salaries and Wages$1,625$375$500$2,500
Insurance$1,508$348$464$2,320
Fees for Services Other-$1,294-$1,294
Other Expenses$35$6$18$41
Total Functional Expenses$106,757$29,922$29,091$165,770

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$165,770
Total Expenses per Audited Statements$165,770
Total Expenses per Form 990$165,770
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Tax Withholding$2,659
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
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, Page 6, Part VI, Line 11B

“The executive director reviews the form 990 and then sends it to the entire board, including the treasurer for their review and comments. Once reviewed by the board members, the executive director signs it.”

Form 990, Page 6, Part VI, Line 12C

“Members are to report any conflicts of interest to the executive director and the president annually. Any conflicts will be dealt with accordingly. In addition, each board memeber must file a written statement and are bound to report any new conflict that might arise.”

Form 990, Page 6, Part VI, Line 19

“No documents are available to the public except the form 990.”

Filing and Contact Details

Filer

Filer Name
Discover the Real West Virginia
EIN
55-0725474
Phone
3043450700
Address
405 CAPITOL STREET SUITE 512, CHARLESTON, WV 25301

Signing Officer

Name
Sara Dearing
Title
Executive Director
Phone
3043450700
Signed
2019-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lloyd G Jackson Ii
Formed
1993
Legal Domicile
Wv
Voting Board Members
16
Independent Board Members
16
Employees
2

Preparer

Firm
Smith Cochran & Hicks Pllc
Address
3510 MACCORKLE AVE SE, CHARLESTON, WV 25304-1420
Preparer
Patrick C Smith
Phone
3043451151
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“-attract national and international investment: west virginia is becoming a leader in the world marketplace, and it did not arrive here by accident. The foundation has a long and accomplished history of attracting national and international investment by elevating west virginia's stature in the global business arena. -retain and expand west virginia businesses: the foundation is a strategic partner for west virginia businesses. Its programs focus on providing west virginia businesses the resources they need to grow and succeed in today's global economy. -highlight issues critical to economic growth: the organization seeks to highlight issues or topics critical to economic growth and to facilitate action among stakeholders.”

Form 990, Page 2, Part III, Line 4D

“Friends of drwv celebration west virginia industry mission security clearance roundtable”

Raw XML AppendixShowing 400 of 453 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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IRS990/OtherExpensesGrp/Desc0BANQUETS & RECEPTIONS
IRS990/OtherExpensesGrp/Desc1SUPPLIES & MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2PERSONAL PROPERTY TAXES
IRS990/OtherExpensesGrp/Desc3LICENSES, FEES & PERMITS
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IRS990/PensionPlanContributionsGrp/FundraisingAmt0558
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0419
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01813
IRS990/PensionPlanContributionsGrp/TotalAmt02790
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0LLOYD G JACKSON II
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt046046
IRS990/ProgSrvcAccomActy2Grp/Desc0WV IDENTIFICATION INTELLIGENCE EXPO 2019
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt075075
IRS990/ProgSrvcAccomActy3Grp/Desc0FOREIGN EMBASSY MEETINGS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt05334
IRS990/ProgSrvcAccomActyOtherGrp/Desc0FRIENDS OF DRWV CELEBRATION WEST VIRGINIA INDUSTRY MISSION SECURITY CLEARANCE ROUNDTABLE
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IRS990/PYTotalExpensesAmt0177391
IRS990/PYTotalRevenueAmt0152462
IRS990/ReconcilationRevenueExpnssAmt061079
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IRS990ScheduleD/TotalExpensesPerForm990Amt0165770
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IRS990ScheduleD/TotalRevenuePerForm990Amt0226849
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0226849
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0-ATTRACT NATIONAL AND INTERNATIONAL INVESTMENT: WEST VIRGINIA IS BECOMING A LEADER IN THE WORLD MARKETPLACE, AND IT DID NOT ARRIVE HERE BY ACCIDENT. THE FOUNDATION HAS A LONG AND ACCOMPLISHED HISTORY OF ATTRACTING NATIONAL AND INTERNATIONAL INVESTMENT BY ELEVATING WEST VIRGINIA'S STATURE IN THE GLOBAL BUSINESS ARENA. -RETAIN AND EXPAND WEST VIRGINIA BUSINESSES: THE FOUNDATION IS A STRATEGIC PARTNER FOR WEST VIRGINIA BUSINESSES. ITS PROGRAMS FOCUS ON PROVIDING WEST VIRGINIA BUSINESSES THE RESOURCES THEY NEED TO GROW AND SUCCEED IN TODAY'S GLOBAL ECONOMY. -HIGHLIGHT ISSUES CRITICAL TO ECONOMIC GROWTH: THE ORGANIZATION SEEKS TO HIGHLIGHT ISSUES OR TOPICS CRITICAL TO ECONOMIC GROWTH AND TO FACILITATE ACTION AMONG STAKEHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FRIENDS OF DRWV CELEBRATION WEST VIRGINIA INDUSTRY MISSION SECURITY CLEARANCE ROUNDTABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR REVIEWS THE FORM 990 AND THEN SENDS IT TO THE ENTIRE BOARD, INCLUDING THE TREASURER FOR THEIR REVIEW AND COMMENTS. ONCE REVIEWED BY THE BOARD MEMBERS, THE EXECUTIVE DIRECTOR SIGNS IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS ARE TO REPORT ANY CONFLICTS OF INTEREST TO THE EXECUTIVE DIRECTOR AND THE PRESIDENT ANNUALLY. ANY CONFLICTS WILL BE DEALT WITH ACCORDINGLY. IN ADDITION, EACH BOARD MEMEBER MUST FILE A WRITTEN STATEMENT AND ARE BOUND TO REPORT ANY NEW CONFLICT THAT MIGHT ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS ARE AVAILABLE TO THE PUBLIC EXCEPT THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0106757
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0104627
IRS990/TravelGrp/FundraisingAmt01215

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$104,627
Liabilities
$2,659
Net assets
$101,968
Revenue
$226,849
Expenses
$165,770
Net income
$61,079
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.07$1.31$2.24$1.81$0.43
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.52$0.88$1.75$1.68$0.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.02$0.81$1.42$1.58$0.16
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.03$0.97$1.47$1.60$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.22$1.11$1.50$1.40$0.10
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.03$1.01$1.55$1.56$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.05$0.03$1.02$2.27$1.66$0.61
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.44$0.03$0.41$1.52$1.77$0.25
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.03$0.66$1.44$1.74$0.30
2016Detailed filing. Detailed filing data is available for this year.$0.99$0.03$0.96$1.92$1.65$0.27
2015Detailed filing. Detailed filing data is available for this year.$0.71$0.03$0.68$1.74$2.01$0.27
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.03$0.95$2.11$2.15$0.04
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.03$1.00$1.92
2012Summary only. Only limited summary data is available for this year.$1.65$0.03$1.61$2.23$2.21$0.02
2011Summary only. Only limited summary data is available for this year.$1.62$0.03$1.59$2.31$2.38$0.07