Advantage Valley INC

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Grow economic opportunity for all residents of the Charleston-Huntington Metro area by increasing investments in the region, leveraging resources and building collaboration among community stakeholders.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 55-0753467) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
84¢ of each $1 spent went to programs.
Run by 45 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $18K a year · 2% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
84% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$146K
to officers and key staff · 12% of spending
Pay to officers and key staff is 12% of spending.
Part VII, Section A
2.0 mo
of spending, in cash
2.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $248K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
99% of total assets
Liabilities are 99% of assets.
Pt X · Ln 26
Independent board members
44
of 44 voting members
44 of 44 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$1.2M
-25% vs prior year
Spent
$1.2M
To programs
84%
Net assets
$16K
By yearFY2020–FY2024
Revenue
$1.2M
FY2024▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2020$427K
FY2021$550K
FY2022$935K
FY2023$1.5M
FY2024$1.2M
Expenses
$1.2M
FY2024▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$390K
FY2021$567K
FY2022$999K
FY2023$1.5M
FY2024$1.2M
Net assets
$16K
FY2024▼ -79%
Tap a bar for its year
Net assets by fiscal year
FY2020$71K
FY2021$57K
FY2022−$2K
FY2023$75K
FY2024$16K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $1.0M Management & general 16% · $188K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

44 people listed on the 990; $146K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President & CEO
$146,000Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Affiliate
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Advantage Valley INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Boosts regional investment and collaboration to create economic opportunity for all residents.

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3 programs · $985K · in their own filed words · FY2024
01

Business Retention

Working with our network of community economic development partners, Advantage Valley funds outreach to existing manufacturers to link them with resources to retain and grow their number of employees and revenues.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 55-0753467) · Dispute this line
$508Kprogram expense
02

Entreprenuerial Development

Advantage Valley supports the startup and expansion of existing businesses by providing business coaching, entrepreneurial training, and access to capital.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 55-0753467) · Dispute this line
$407Kprogram expense
03

Regional Marketing

Advantage Valley seeks to increase private investment in the region by: 1) identifying business expansion projects that will lead to job growth; 2) promoting Opportunity Zone properties and businesses that represent catalytic community revitalization projects; 3) recruiting talent to live and work in the region; and 4) raising awareness…

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 55-0753467) · Dispute this line
$71Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$248K
Grants paid · 31 grants · $272K · 2023–2024
Individual RecipientFY2024$18,750
The Arctic Fox CafeFY2024$3,000
Twelvepole Trading Post LLCFY2024$3,000
Williamson Mental HealthFY2024$3,000
Echolit LLCFY2024$3,000
Her Body Shop LLCFY2024$3,000
Individual RecipientFY2024$3,000
Individual RecipientFY2024$3,000
Bracket Sportz LLCFY2024$2,990
Terra Fate Exotics LLCFY2024$2,988
Joe Public Press Limited CoFY2024$2,988
Detailed Precise Handyman LLCFY2024$2,901
Individual RecipientFY2023$169,827
Individual RecipientFY2023$3,000
Thyme After Time Southern CuisineFY2023$3,000
Social Event Space LLCFY2023$3,000
Onoge Media Group LLCFY2023$3,000
Liberty Hill CompanyFY2023$3,000
See all 31 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $3.6M federal money spent
Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Through WV Community Development Hub$3.2M
Appalachian Research, Technical Assistance, and Demonstration ProjectsAppalachian Regional Commission · ALN 23.011 · Through Appalachian Regional Commission$287K
Congressional GrantsSmall Business Administration · ALN 59.059 · Direct$53K
Community Facilities Loans and GrantsDepartment of Agriculture · ALN 10.766 · Direct$50K

The auditor reported: a weakness in money controls.

Year ending Dec 2024 · $762K federal money spent
Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Through WV Community Development Hub$698K
Congressional GrantsSmall Business Administration · ALN 59.059 · Direct$60K
Appalachian Research, Technical Assistance, and Demonstration ProjectsAppalachian Regional Commission · ALN 23.011 · Through Appalachian Regional Commission$4K

The auditor reported no findings.

Year ending Dec 2023 · $780K federal money spent
Economic Adjustment AssistanceDepartment of Commerce · ALN 11.307 · Through WV Community Development Hub$422K
Appalachian Area DevelopmentAppalachian Regional Commission · ALN 23.002 · Direct$308K
Congressional GrantsSmall Business Administration · ALN 59.059 · Direct$50K

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.2M
Investment incomeLn 3$2K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$188K
Owns and owesPt X
$16K
net assets · Ln 32
Cash and savingsLn 1–2$205K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
44
listed · VII A
PaidVII A1
Voting boardVI 1a44
IndependentVI 1b44
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.2M
Government grantsLn 1e$830K
Investment incomeLn 3$2K
Gains on assetsLn 7$2K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$205K
Cash and savings togetherLn 1–2$205K
Pledges and grants receivableLn 3$138K
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$931K
Other assetsLn 15$50K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.3M
Net assetsLn 32$16K
OperationsPt I, VI
EmployeesI 57
VolunteersI 645
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$29K$205K
Land, buildings, equipmentLn 10c$24K$931K
Total assetsLn 16$446K$1.3M
LiabilitiesLn 26$372K$1.3M
Net assetsLn 32$75K$16K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$133K$133K
Other salaries and wagesLn 7$383K$290K$93K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$55K$40K$15K
Accounting feesLn 11c$28K$18K$10K
Other fees for servicesLn 11g$408K$408K
Advertising and promotionLn 12$32K$32K
Office expensesLn 13$29K$13K$17K
Information technologyLn 14$57K$52K$6K
OccupancyLn 16$34K$2K$32K
TravelLn 17$37K$35K$3K
Conferences, conventions and meetingsLn 19$5K$207$5K
InsuranceLn 23$6K$6K
Total functional expensesLn 25$1.2M$1.0M$188K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 11, 2025 $1.2M$1.2M−$55K$16K 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $1.5M$1.5M$10K$75K 990 PDF
FY2022Filed with the IRS May 13, 2023 $935K$999K−$64K−$2K 990 PDF
FY2021Filed with the IRS Jun 1, 2022 $550K$567K−$17K$57K 990 PDF
FY2020Filed with the IRS May 10, 2021 $427K$390K$37K$71K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $1,155,154 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,532,481$1,153,154
I-9 Program service revenue$0
I-10 Investment income$2,000
I-11 Other revenue$0
I-12 Total revenuePrior year $1,532,481$1,155,154
I-13 Grants and similar amounts paidPrior year $220,044$132,979
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $411,806$440,987
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $890,418$636,469
I-18 Total expensesPrior year $1,522,268$1,210,435
I-19 Revenue less expensesPrior year $10,213−$55,281
Part VI · Governance 44 of 44 board members independent, 1 to look at
VI-1a Voting members of the governing body44
VI-1b Independent voting members44
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,155,154 across 7 lines filed
VIII-1b Membership dues$148,100
VIII-1e Government grants$830,198
VIII-1f All other contributions, gifts and grants$174,856
VIII-1h Total contributions, gifts and grants$1,153,154
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,000$2,000
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $2,000 · Unrelated business $0 · Excluded from tax $0$1,155,154
Part IX · Statement of functional expenses $1,210,435 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $132,979$132,979
IX-7 Other salaries and wagesPrograms $290,345 · Management $92,550$382,895
IX-9 Other employee benefitsManagement $2,694$2,694
IX-10 Payroll taxesPrograms $40,364 · Management $15,034$55,398
IX-11c Accounting feesPrograms $17,500 · Management $10,400$27,900
IX-11g Other fees for servicesPrograms $408,108$408,108
IX-12 Advertising and promotionPrograms $31,632$31,632
IX-13 Office expensesPrograms $12,711 · Management $16,732$29,443
IX-14 Information technologyPrograms $51,601 · Management $5,860$57,461
IX-16 OccupancyPrograms $2,243 · Management $31,592$33,835
IX-17 TravelPrograms $34,535 · Management $2,958$37,493
IX-19 Conferences, conventions and meetingsPrograms $207 · Management $4,688$4,895
IX-23 InsuranceManagement $5,702$5,702
IX-25 Total functional expensesPrograms $1,022,225 · Management $188,210 · Fundraising $0$1,210,435
Part X · Balance sheet $1,327,250 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $28,931$204,622
X-3 Pledges and grants receivableStart of year $381,145$137,506
X-9 Prepaid expenses and deferred charges$4,155
X-10c Land, buildings and equipment, netStart of year $24,196$931,177
X-15 Other assetsStart of year $11,909$49,790
X-16 Total assetsStart of year $446,181$1,327,250
X-17 Accounts payable and accrued expensesStart of year $219,449$227,133
X-19 Deferred revenueStart of year $136,500$75,000
X-23 Secured mortgages and notes payable$939,128
X-24 Unsecured notes and loans payable$19,571
X-25 Other liabilitiesStart of year $15,710$50,701
X-26 Total liabilitiesStart of year $371,659$1,311,533
X-27 Net assets without donor restrictionsStart of year $74,522$15,717
X-32 Total net assets or fund balancesStart of year $74,522$15,717
X-33 Total liabilities and net assetsStart of year $446,181$1,327,250
Part XI · Reconciliation of net assets $15,717 net assets at year end
XI-1 Total revenue$1,155,154
XI-2 Total expenses$1,210,435
XI-3 Revenue less expenses−$55,281
XI-4 Net assets at start of year$74,522
XI-8 Prior period adjustments−$3,524
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,717

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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