Overview
What is Discover The Real West Virginia Foundation Inc?
Discover The Real West Virginia Foundation Inc is a nonprofit organization dedicated to promoting economic growth in West Virginia. With a strong track record, the foundation has effectively attracted national and international investment, elevating the state's position in the global business arena. Additionally, it serves as a strategic partner for West Virginia businesses, offering resources to help them grow and succeed in today's global economy. The organization also highlights issues critical to economic growth, facilitating action among stakeholders to address these topics and drive progress.
Official website here: www.drwvfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating
Discover The Real West Virginia Foundation Inc has achieved a 77% score from Charity Navigator, which translates to a Three-Star rating. This score is derived exclusively from its accountability and finance performance, indicating a strong emphasis on transparency and responsible management of resources. The organization has maintained a high level of independence, with 100% of its board members being independent, reflecting a commitment to good governance.
The foundation demonstrates several strengths, including no material diversion of assets and a solid liability-to-assets ratio of 2.52%. It also has comprehensive policies in place for conflict of interest and whistleblower protections, which contribute to its accountability. Additionally, the foundation's documentation practices, including the availability of board meeting minutes, enhance its credibility.
However, the organization could improve its program expense ratio, which stands at 59.52%. This figure suggests that a significant portion of its expenses may not be directed towards its programs, which could be a concern for potential donors looking for efficiency in charitable spending. Overall, while Discover The Real West Virginia Foundation Inc shows strong governance and financial accountability, there is room for improvement in program expenditure.
This AI summary has been generated from information found on Charity Navigator.
Is Discover The Real West Virginia Foundation Inc legitimate?
Discover The Real West Virginia Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Discover The Real West Virginia Foundation 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: $73,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.drwvfoundation.org
What is the mission statement of Discover The Real West Virginia Foundation Inc?
Discover The Real West Virginia Foundation Inc's mission is centered around attracting and retaining both national and international investment. By elevating West Virginia's standing in the global business arena, the foundation has a proven track record of attracting investment. Apart from this, the organization serves as a strategic partner for West Virginia businesses, providing necessary resources to help them grow and succeed in the current global economy. Additionally, Discover The Real West Virginia Foundation Inc identifies and highlights issues critical to economic growth, aiming to facilitate action among relevant stakeholders.
Official website here: www.drwvfoundation.org
Who is the CEO of Discover The Real West Virginia Foundation Inc?
William D Wilmoth is the President of Discover The Real West Virginia Foundation Inc.
Official website here: www.drwvfoundation.org
What is the revenue of Discover The Real West Virginia Foundation Inc?
Discover The Real West Virginia Foundation Inc's revenue in 2023 was $141,685.
Official website here: www.drwvfoundation.org
Who are the executives of Discover The Real West Virginia Foundation Inc and what are their salaries?
The average compensation at Discover The Real West Virginia Foundation Inc during 2023 was $73,500. There is 1 employee at Discover The Real West Virginia Foundation Inc.
Here are 21 key members and their salaries:
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Official website here: www.drwvfoundation.org
Where can I find the form 990 for Discover The Real West Virginia Foundation Inc?
Discover The Real West Virginia Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.drwvfoundation.org
Learn more at the official website: www.drwvfoundation.org
Mission Statement of Discover The Real West Virginia Foundation Inc
Discover the Real West Virginia Foundation Inc is an organization committed to enhancing West Virginia's position in the global business arena. It has a rich history of attracting national and international investment, a testament to West Virginia's rising status as a leader in the world marketplace. The foundation achieves this by elevating West Virginia's reputation in the global business sphere.
In addition to attracting investments, Discover the Real West Virginia Foundation Inc also serves as a strategic partner for West Virginia businesses. Its programs are tailored to provide the necessary resources for these businesses to grow and succeed in today's global economy. By doing so, the foundation aids in the retention and expansion of West Virginia businesses.
Furthermore, the organization seeks to highlight issues or topics critical to economic growth. It aims to facilitate action among stakeholders, playing a significant role in driving discussions and initiatives that promote economic growth in West Virginia.
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Impact
October, 2024
Discover The Real West Virginia Foundation Inc has a significant impact on the state's economy and business landscape. By attracting national and international investment, the foundation enhances West Virginia's reputation in the global marketplace, which fosters economic growth and development.
The foundation serves as a strategic partner for local businesses, offering essential resources and support that enable them to thrive in a competitive economy. This focus on retention and expansion empowers existing companies to grow, creating job opportunities and strengthening the state’s overall economic health.
Additionally, by highlighting critical issues necessary for economic growth and facilitating discussions among stakeholders, the foundation plays a vital role in shaping policies and initiatives that address the challenges faced by West Virginia's economy. Overall, its efforts contribute to a more dynamic, resilient, and prosperous West Virginia.
This information is meant to be a general summary of Discover The Real West Virginia Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $37
- Program Service Revenue: $34,648
- Gross Receipts: $141,685
Assets and Liabilities:
- Total Assets: $83,059
- Total Liabilities: $2,100
- Net Assets: $80,959
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSORSHIPS/REGISTRATIONS
Revenue
$34,648
Organization Details
Founding Year
1993
Phone
(304) 345-0700Principal Officer
William D Wilmoth
Main Address
405 CAPITOL STREET SUITE 512, CHARLESTON, WV, 25301
Website
www.drwvfoundation.orgNTEE Category
Code: S20Z - Community improvement
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