Overview
What is West Virginia High Technology Consortium Foundation?
The West Virginia High Technology Consortium Foundation is a nonprofit organization situated in Fairmont, West Virginia. Their primary focus lies in economic development, specifically in planning, constructing, leasing, and operating research and development organizations as well as technology-based businesses within or related to the I-79 Technology Park located in Fairmont. Their mission is to promote economic growth by fostering advanced technology industries, providing research and development support services to government entities, and creating better employment opportunities and enhancing the standard of living in West Virginia. The foundation's activities revolve around research and development in advanced technology and science fields. With a workforce of 12 individuals, this nonprofit strives to contribute positively to the economic landscape of West Virginia.
Official website here: www.wvhtf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The West Virginia High Technology Consortium Foundation has achieved a Three-Star rating from Charity Navigator, reflecting a solid Accountability & Finance score of 76%. This score is derived solely from their fiscal management, indicating that the organization maintains a strong commitment to financial integrity and transparency. Notably, the foundation has a high percentage of independent board members and utilizes sound governance practices, such as having a conflict of interest policy and a whistleblower policy in place.
The foundation demonstrates effective financial reporting with a comprehensive audit and has no record of material diversion of assets. Program expenses are reasonably balanced, with approximately 65.81% allocated towards programs, although there is room for improvement in this area, as indicated by their score on program expense ratios. Leadership salaries are on the higher end, with the President/CEO earning $284,143, which could raise questions about compensation relative to the organization’s overall financial health.
Overall, the West Virginia High Technology Consortium Foundation exhibits strong governance and accountability practices, contributing positively to their overall rating. However, potential donors may want to consider the program expense ratio and the compensation of key personnel when evaluating the charity's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is West Virginia High Technology Consortium Foundation legitimate?
West Virginia High Technology Consortium Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Virginia High Technology Consortium Foundation 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: $625,154
Professional Fundraising Fees: $0
Other Salaries and Wages: $489,781
For more financial information, click here
Official website here: www.wvhtf.org
What is the mission statement of West Virginia High Technology Consortium Foundation?
The West Virginia High Technology Consortium Foundation's mission is centered around promoting economic development. It accomplishes this by fostering the growth of advanced technology industries and offering research and development support services to relevant government agencies. The organization's goal is to create better employment opportunities and enhance the standard of living, aiming to make significant contributions to its field. The foundation carries out its economic development activities by planning, constructing, leasing, and operating research and development organizations, as well as technology-based businesses, within or related to the I-79 Technology Park.
Official website here: www.wvhtf.org
Who is the CEO of West Virginia High Technology Consortium Foundation?
Mr James L Estep is the President/Ceo of West Virginia High Technology Consortium Foundation. The CEO's salary of West Virginia High Technology Consortium Foundation is $281,427 and their total compensation is $301,745.
Official website here: www.wvhtf.org
What is the revenue of West Virginia High Technology Consortium Foundation?
West Virginia High Technology Consortium Foundation's revenue in 2022 was $1,032,927.
Official website here: www.wvhtf.org
Who are the executives of West Virginia High Technology Consortium Foundation and what are their salaries?
The average compensation at West Virginia High Technology Consortium Foundation during 2022 was $92,911. There are 12 employees and 6 volunteers at West Virginia High Technology Consortium Foundation.
Here are 12 key members and their salaries (West Virginia High Technology Consortium Foundation's CEO's salary is $281,427 and their total compensation is $301,745):
- Compensation: $281,427
- Related: $0
- Other: $20,318
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $104,009
- Related: $0
- Other: $18,972
- Compensation: $80,515
- Related: $0
- Other: $18,372
- Compensation: $68,074
- Related: $0
- Other: $20,081
- Compensation: $125,564
- Related: $0
- Other: $21,850
- Compensation: $103,613
- Related: $0
- Other: $2,928
Official website here: www.wvhtf.org
Where can I find the form 990 for West Virginia High Technology Consortium Foundation?
West Virginia High Technology Consortium Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wvhtf.org
Learn more at the official website: www.wvhtf.org
Mission Statement of West Virginia High Technology Consortium Foundation
The West Virginia High Technology Consortium Foundation, in its mission, aims to foster economic development by establishing and strengthening advanced technology industries. This is achieved by providing research and development support services to government agencies. By doing so, the organization seeks to create better employment opportunities and enhance the standard of living within West Virginia. The Foundation's activities are primarily focused on planning, constructing, leasing, and operating research and development organizations, as well as technology-based businesses, within or related to the I-79 Technology Park located in Fairmont, West Virginia. The ultimate goal is to drive progress and improvement in the region, leveraging the power of advanced technology and scientific research.
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Impact
July, 2024
The West Virginia High Technology Consortium Foundation plays a vital role in advancing research and development in areas of advanced technology and science, while also contributing to economic development. The organization focuses on planning, constructing, leasing, and operating research and development organizations and technology-based businesses within or ancillary to the I-79 Technology Park located in Fairmont, WV. By facilitating economic development and building strong industries of advanced technology, the foundation aims to provide research and development support services to government agencies, create better employment opportunities, and improve the standard of living in West Virginia. Their work ultimately contributes to community improvement by fostering innovation and economic growth in the region.
This information is meant to be a general summary of West Virginia High Technology Consortium Foundation. 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 2022.
- Program Service Revenue: $608,057
- Gross Receipts: $1,032,927
Assets and Liabilities:
- Total Assets: $1,403,944
- Total Liabilities: $1,390,519
- Net Assets: $13,425
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG REL INC-CONTRACT
Revenue
$325,112
PROG REL INC-AFFILIATE
Revenue
$38,258
Organization Details
Founding Year
1993
Phone
(304) 366-2577Principal Officer
Mr James L Estep
Main Address
1000 GALLIHER DRIVE 1000, FAIRMONT, WV, 26554
Website
www.wvhtf.orgNTEE Category
Code: S31Z - Community improvement
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