Advantage Valley INC FY2020 filing

Not tax-deductible

Charleston, WV501(c)(6)EIN 55-0753467Revenue $427K in FY2020

On file with the IRSadvantagevalley.comPo Box 1925, 25327-1925 · Charleston, WVTax-exempt since Jun 1997

This page gets seen. Tell your story. Claim this org.

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.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
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
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $248K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$427K
Spent
$390K
To programs
100%
Net assets
$71K
By yearFY2020–FY2024
Revenue
$427K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$427K
FY2021$550K
FY2022$935K
FY2023$1.5M
FY2024$1.2M
Expenses
$390K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$390K
FY2021$567K
FY2022$999K
FY2023$1.5M
FY2024$1.2M
Net assets
$71K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$71K
FY2021$57K
FY2022−$2K
FY2023$75K
FY2024$16K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

100 cents of each dollar spent went to programs.

Program services 100% · $390K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

25 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Advantage Valley INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $390K · in their own filed words · FY2020
01

Entreprenuerial Development

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

$241Kprogram expense
02

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.

$81Kprogram 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…

$68Kprogram 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 →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$427K
Ln 12
Gifts and grantsLn 1h$427K
Investment incomeLn 3$1
Money outPt IX
$390K
Ln 25
Programscol B$390K
Owns and owesPt X
$71K
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$74K
LiabilitiesLn 26$3K
PeoplePt VI, VII
25
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$427K
Government grantsLn 1e$180K
Investment incomeLn 3$1
Total revenueLn 12$427K
Assets in detailPt X, end of year
CashLn 1$60K
Cash and savings togetherLn 1–2$60K
Total assetsLn 16$74K
LiabilitiesLn 26$3K
Net assetsLn 32$71K
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 FY20End FY20
Cash and savingsLn 1–2$21K$60K
Total assetsLn 16$48K$74K
LiabilitiesLn 26$14K$3K
Net assetsLn 32$33K$71K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$38K$38K
Other salaries and wagesLn 7$33K$33K
Payroll taxesLn 10$3K$3K
Management feesLn 11a$90K$90K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$154K$154K
Advertising and promotionLn 12$48K$48K
Office expensesLn 13$3K$3K
Information technologyLn 14$470$470
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$8K$8K
InsuranceLn 23$740$740
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$390K$390K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$1.2M−$55K$16K 990 PDF
FY2023 $1.5M$1.5M$10K$75K 990 PDF
FY2022 $935K$999K−$64K−$2K 990 PDF
FY2021 $550K$567K−$17K$57K 990 PDF
FY2020 Viewing $427K$390K$37K$71K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $427,212 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $219,888$427,211
I-9 Program service revenue$0
I-10 Investment incomePrior year $3$1
I-11 Other revenue$0
I-12 Total revenuePrior year $219,891$427,212
I-13 Grants and similar amounts paidPrior year $39,061$38,312
I-14 Benefits paid to members$0
I-15 Salaries and benefits$35,856
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $198,698$315,811
I-18 Total expensesPrior year $237,759$389,979
I-19 Revenue less expensesPrior year −$17,868$37,233
Part VI · Governance 25 of 25 board members independent, 1 to look at
VI-1a Voting members of the governing body25
VI-1b Independent voting members25
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 $427,212 across 6 lines filed
VIII-1b Membership dues$45,000
VIII-1e Government grants$180,439
VIII-1f All other contributions, gifts and grants$201,772
VIII-1h Total contributions, gifts and grants$427,211
VIII-3 Investment incomeExcluded from tax $1$1
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1$427,212
Part IX · Statement of functional expenses $389,979 across 13 lines filed
IX-1 Grants to domestic organizationsPrograms $38,312$38,312
IX-7 Other salaries and wagesPrograms $33,227$33,227
IX-10 Payroll taxesPrograms $2,629$2,629
IX-11a Management feesPrograms $89,781$89,781
IX-11c Accounting feesPrograms $3,050$3,050
IX-11g Other fees for servicesPrograms $154,426$154,426
IX-12 Advertising and promotionPrograms $48,126$48,126
IX-13 Office expensesPrograms $3,033$3,033
IX-14 Information technologyPrograms $470$470
IX-17 TravelPrograms $5,552$5,552
IX-19 Conferences, conventions and meetingsPrograms $8,459$8,459
IX-23 InsurancePrograms $740$740
IX-24 Other expenses (24a–d)Programs $2,174$2,174
IX-25 Total functional expensesPrograms $389,979 · Management $0 · Fundraising $0$389,979
Part X · Balance sheet $73,847 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $21,352$60,350
X-9 Prepaid expenses and deferred chargesStart of year $12,457$13,497
X-16 Total assetsStart of year $47,703$73,847
X-17 Accounts payable and accrued expensesStart of year $5,778$3,189
X-26 Total liabilitiesStart of year $14,278$3,189
X-32 Total net assets or fund balancesStart of year $33,425$70,658
X-33 Total liabilities and net assetsStart of year $47,703$73,847
Part XI · Reconciliation of net assets $70,658 net assets at year end
XI-1 Total revenue$427,212
XI-2 Total expenses$389,979
XI-3 Revenue less expenses$37,233
XI-4 Net assets at start of year$33,425
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$70,658

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.