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Mid Atlantic Technology Research & Innovation Center Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200208597 ✦ Hurricane, WV ✦ Designated as a 501(c)(3)

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Overview

What is Mid Atlantic Technology Research & Innovation Center Inc?

Mid Atlantic Technology Research & Innovation Center Inc is a West Virginia-based nonprofit organization located in Hurricane, with a PO Box address. Their mission revolves around charitable, scientific, and educational research, serving a population of 100,000 in the Greater Kanawha Valley Area. They strive to provide research that can foster economic development within the region. With a team of 94 employees, the Center focuses on delivering valuable research outputs to help revitalize industries within their geographic area.


Official website here: www.matricwv.org

What are the reviews and ratings of this charity?

Charity Navigator gives Mid Atlantic Technology Research & Innovation Center Inc a rating of 92%, which translates to a Four-Star out of Four Star rating. This high score reflects the organization’s strong focus on accountability and finance, indicating a well-managed financial structure alongside its commitment to transparency and ethical governance.

The organization demonstrates notable strengths, such as having a fully independent board of directors, which is crucial for ensuring unbiased oversight. Additionally, it scores exceptionally well across various accountability metrics, including a robust audit and oversight committee. Their financial health is also evident from a low liabilities to assets ratio and a strong program expense ratio, suggesting that a significant portion of their resources is directed toward their programs.

While the data does not highlight any significant limitations, it's important to consider that the overall score is based solely on accountability and finance metrics. Therefore, stakeholders may want to explore additional aspects such as program effectiveness and community impact to gain a comprehensive understanding of the organization's operations.


This AI summary has been generated from information found on Charity Navigator.

Is Mid Atlantic Technology Research & Innovation Center Inc legitimate?

Mid Atlantic Technology Research & Innovation Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid Atlantic Technology Research & Innovation Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $1,760,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,224,532

For more financial information, click here


Official website here: www.matricwv.org

What is the mission statement of Mid Atlantic Technology Research & Innovation Center Inc?

The Mid Atlantic Technology Research & Innovation Center Inc is dedicated to providing charitable, scientific, and educational research with the goal of fostering economic development. Through this work, the organization aims to revitalize industries within the served area. By offering research capabilities, the Center contributes to the greater good of the community it serves, which numbers approximately 100,000 people.


Official website here: www.matricwv.org

Who is the CEO of Mid Atlantic Technology Research & Innovation Center Inc?

William B Goode is the President/ Ceo/Chairman Part Year of Mid Atlantic Technology Research & Innovation Center Inc. The CEO's salary of Mid Atlantic Technology Research & Innovation Center Inc is $643,864 and their total compensation is $676,489.


Official website here: www.matricwv.org

What is the revenue of Mid Atlantic Technology Research & Innovation Center Inc?

Mid Atlantic Technology Research & Innovation Center Inc's revenue in 2022 was $16,458,293.


Official website here: www.matricwv.org

Who are the executives of Mid Atlantic Technology Research & Innovation Center Inc and what are their salaries?

The average compensation at Mid Atlantic Technology Research & Innovation Center Inc during 2022 was $84,947. There are 94 employees and 9 volunteers at Mid Atlantic Technology Research & Innovation Center Inc.


Here are 22 key members and their salaries (Mid Atlantic Technology Research & Innovation Center Inc's CEO's salary is $643,864 and their total compensation is $676,489):


Steven B Hedrick (President/ Ceo/Chairman Part Year)
  • Compensation: $643,864
  • Related: $0
  • Other: $32,625
John Miesner (Secretary)
  • Compensation: $399,159
  • Related: $0
  • Other: $28,469
Donald Supcoe (Audit Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Arbogast (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William B Goode (Chairman Part Year)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen E Kawash (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Welty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen M Woomer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Parvez Wadia (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
John H Jarrett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Underhill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elton Bond (Cao/Cfo)
  • Compensation: $283,504
  • Related: $0
  • Other: $27,979
John P Dever (Chief Technology Officer)
  • Compensation: $321,602
  • Related: $0
  • Other: $23,248
Bernard D Dombek (Key Employee)
  • Compensation: $200,012
  • Related: $0
  • Other: $6,068
Mark A Dehlin (Key Employee)
  • Compensation: $178,764
  • Related: $0
  • Other: $26,552
Jeffrey G Hippler (Key Employee)
  • Compensation: $165,871
  • Related: $0
  • Other: $20,400
Robert E Nunley (Key Employee)
  • Compensation: $167,927
  • Related: $0
  • Other: $26,435
Lloyd M Burgess (Highly Compensated Employe)
  • Compensation: $149,690
  • Related: $0
  • Other: $11,970
Mark A Nunley (Highly Compensated Employe)
  • Compensation: $146,312
  • Related: $0
  • Other: $25,773
Raymond Rooks (Highly Compensated Employe)
  • Compensation: $140,247
  • Related: $0
  • Other: $25,619
Glenn K Graham (Highly Compensated Employe)
  • Compensation: $154,316
  • Related: $0
  • Other: $3,422
Jeremy Rader (Highly Compensated Employe)
  • Compensation: $136,243
  • Related: $0
  • Other: $25,393


Official website here: www.matricwv.org

Where can I find the form 990 for Mid Atlantic Technology Research & Innovation Center Inc?

Mid Atlantic Technology Research & Innovation Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.matricwv.org

Learn more at the official website: www.matricwv.org

Mission Statement of Mid Atlantic Technology Research & Innovation Center Inc

Mid Atlantic Technology Research & Innovation Center Inc, a charitable organization, is dedicated to conducting scientific and educational research with the ultimate goal of fostering economic development in the greater community it serves. By providing cutting-edge research, this esteemed institution aims to revitalize industries within its area of influence and contribute to the overall progress of the region. With a population of 100,000 individuals, the Center plays a significant role in driving innovation and growth. Its mission is three-fold; first and foremost, it focuses on charitable endeavors, using research as a tool to create positive change. Second, it is committed to scientific research, pushing the boundaries of knowledge in various fields to fuel progress. Lastly, it emphasizes education, equipping the next generation with the skills and knowledge necessary to drive economic growth and development. Through its diverse range of initiatives, Mid Atlantic Technology Research & Innovation Center Inc continues to make a meaningful impact, touching the lives of countless individuals and fueling the economic progress of the region.

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Impact




October, 2024

Mid Atlantic Technology Research & Innovation Center Inc significantly impacts the Greater Kanawha Valley area of West Virginia by driving economic development through charitable, scientific, and educational research. Its initiatives are aimed at revitalizing local industries, directly benefiting a population of approximately 100,000. By focusing on research and innovation, the center provides valuable insights and resources that support businesses and foster growth within the region. This commitment to enhancing scientific knowledge and education not only strengthens the local economy but also helps cultivate a skilled workforce prepared to meet the demands of today's industries.




This information is meant to be a general summary of Mid Atlantic Technology Research & Innovation Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$16,458,293 (2022)
Expenses
$15,824,334 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $712
  • Program Service Revenue: $15,071,575
  • Gross Receipts: $16,458,293

Assets and Liabilities:

  • Total Assets: $8,158,345
  • Total Liabilities: $3,902,171
  • Net Assets: $4,256,174

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONTRACTS

Revenue

$13,359,733

GOVERNMENT CONTRACTS

Revenue

$1,711,842

Organization Details

Founding Year

2003

Principal Officer

William B Goode

Main Address

PO BOX 1034, HURRICANE, WV, 25526

NTEE Category

Code: U05 - Science research

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