Civic Intelligence

Kenova Municipal Economic

EIN 82-5319467 • 501(c)6 • Kenova, WV

Profile

The corporation will actively seek to encourage business and industry to locate and/or expand to the city of kenova, wv.

1501 Pine StreetKenova, WV 25530
Siviq Scores

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

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

1st percentile

-210%

Higher net margin than 1% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

26th percentile

-5.8%

Faster asset growth than 26% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-35%

Faster revenue growth than 4% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets25th percentile

Assets

Down

$599,750

Down $37,197 (-5.8%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$599,750

Down $37,197 (-5.8%) from 2023

Operations
Liabilities / Revenue26th percentileNet Margin1st percentile

Revenue

Down

$17,731

Down $9,512 (-35%) from 2023

Expenses

Up

$54,928

Up $52,548 (+2208%) from 2023

Net Income

Down

-$37,197

Down $62,060 (-250%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth26th percentile

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

$800K$600K$400K$200K$0Assets 2021: $367,578Liabilities 2021: $260,209Net Assets 2021: $107,3692021Assets 2022: $612,084Liabilities 2022: $0Net Assets 2022: $612,0842022Assets 2023: $636,947Liabilities 2023: $0Net Assets 2023: $636,9472023Assets 2024: $599,750Liabilities 2024: $0Net Assets 2024: $599,7502024

Highlighted filing

2024

Assets$599,750
Liabilities$0
Net Assets$599,750
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

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

$600K$400K$200K$0-$200KRevenue 2021: $28,523Expenses 2021: $18,369Net Income 2021: $10,1542021Revenue 2022: $508,920Expenses 2022: $4,205Net Income 2022: $504,7152022Revenue 2023: $27,243Expenses 2023: $2,380Net Income 2023: $24,8632023Revenue 2024: $17,731Expenses 2024: $54,928Net Income 2024: -$37,1972024

Highlighted filing

2024

Revenue$17,731
Expenses$54,928
Net Income-$37,197
Open 2024 Filing

Filings

Most recent year

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

Open filing
Assets
$599,750
Liabilities
$0
Net assets
$599,750
Revenue
$17,731
Expenses
$54,928
Net income
-$37,197
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.00$0.00$6.00$0.18$0.55$0.37
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.37$0.00$6.37$0.27$0.02$0.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.12$0.00$6.12$5.09$0.04$5.05
2021Detailed filing. Detailed filing data is available for this year.$3.68$2.60$1.07$0.29$0.18$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 5, 2025
Return Version
2024v5.0
Gross Receipts
$17,731
Mission and Program Overview

Mission

The corporation will actively seek to encourage business and industry to locate and/or expand to the city of kenova, wv.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$636,947$599,750▼ $37,197
Rtn Earn Endowment Incm Other Fnds$636,947$599,750▼ $37,197
Total Assets$636,947$599,750▼ $37,197
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$636,947$599,750▼ $37,197
Total Liabilities and Net Assets / Fund Balance$636,947$599,750▼ $37,197
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Don BiasPresident/di
David ScitesDirector
Joe AcordDirector
Ken WworkmanDirector
Lace HandwickDirector
Lee JordanDirector
Ryan TurnerDirector
Ted RakesDirector
Tim BiasDirector
Tom KnoppDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,500
Investment Income
$7,231
Other Revenue
$0
Change in Net Assets
$-37,197
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$54,928
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
Insurance---$2,149
Fees for Services Accounting---$750
Other Expenses---$64
Total Functional Expenses$0$0$0$54,928
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
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, Page 6, Part VI, Line 11B

“Form 990 made available to the board of directors and reviewed by president of the board.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Kenova Municipal Economic
EIN
82-5319467
Phone
3044531571
Address
1501 PINE STREET, KENOVA, WV 25530

Signing Officer

Name
Don Bias
Title
President/director
Phone
3045431571
Signed
2025-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Don Bias
Legal Domicile
Wv
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
Smith Cochran & Hicks Pllc
Address
3510 MACCORKLE AVE SE, CHARLESTON, WV 25304-1420
Preparer
Patrick C Smith
Phone
3043451151
Raw XML Appendix264 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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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/ReturnTs02025-08-20T14:49:38-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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