NonprofitsWest Virginia High Technology Consortium Foundation

Community Improvement & Capacity Building

West Virginia High Technology Consortium Foundation

FAIRMONT, WV

Total revenue

$1.3M

Total expenses

$2.3M

Net assets

Grants received

$378K

5 grants

EIN

550727658

Tax year

2023

Mission

Research and development in areas of advanced technology and science and economic development.

Programs

3 programs

Technology-based research and related programs. These activities focus on utilization of technology-based research as a vehicle for economic development and diversification. Much of the foundation's work is provided to the federal and/or state government, particularly the united states department of defense. The foundation has strategically designed "techology clusters" around high potential, sustainable, technology target areas that are viable from both a business and technical perspective. These areas include product line engineering, biometrics technologies, computing technologies, software suitability testing, identification technologies, information warfare/security technologies, computational grid applications, robotics and internet-based web-site support services.

Expenses: $1.1M

Commercialization activities provide business support services to entrepreneurs and businesses interested in the development and commercialization of a product. Seeks to provide services to any west virginia entrepreneur whose product demonstrates commercial viability.

Expenses: $18K

Affiliate programs, workforce education and small business support services which provide workforce education and networking opportunities to the public and local technology-based companies.

Grants: $4K

Financials

FY 2023

Revenue

Contributions & grants$1.0M
Program service revenue$308K
Investment income
Other revenue
Total revenue$1.3M

Expenses

Grants paid$4K
Salaries & benefits$1.8M
Fundraising
Other expenses$542K
Total expenses$2.3M
Total assets$844K
Net assets

People

10 listed

NameRoleCompensation

MR JAMES L ESTEP

PRESIDENT/CEO

Board

$284K

40 hrs/wk

STACEY LAYMAN

TREASURER

Board

$108K

40 hrs/wk

GEOFFREY KIDDER

ASST. TREASURER

Board

$80K

40 hrs/wk

LORI RHOADES

SECRETARY

Board

$67K

40 hrs/wk

REBECCA R MCPHAIL TERM 1223

DIRECTOR

Board

1.1 hrs/wk

DR FRANK W BLAKE

DIRECTOR/PAST CHAIRMAN

Board

1.1 hrs/wk

WILLIAM P PAT GETTY

CHAIRMAN

Board

1.1 hrs/wk

HOLLY C KAUFFMAN

DIRECTOR

Board

1.1 hrs/wk

JASON C PIZATELLA

DIRECTOR

Board

1.1 hrs/wk

KENNETH WITT

PROGRAM MANAGER

Staff

$130K

40 hrs/wk

Grants received

Showing 5 of 5

FromAmountPurposeYear
$120K
FOR THE INNOVA COMMERCIALIZATION PROGRAM WHICH WILL PROVIDE A PATHWAY FOR EARLY-STAGE COMPANIES TO ACCESS SUPPORT AND CAPITAL
2024
$173K
TO PROPEL EARLY-STAGE ENTREPRENEURS THROUGH THREE PHASES OF CRITICAL SUPPORT SERVICES: EDUCATION, COMMERCIALIZATION, AND INVESTMENT, FACILITATING ACCESS TO AND MAXIMIZATION OF WEST VIRGINIA'S ENTREPRENEURIAL ECOSYSTEM (OVER 2 YEARS)
2020
$10K
TO EXPLORE VIABILITY OF CREATING A COMMERCIALIZATION, RESEARCH AND INNOVATION COLLABORATION WITHIN WEST VIRGINIA, PENNSYLVANIA, AND OHIO RELATED TO THE TRI-STATE SHALE COALITION
2020

Funded by

$378K from 2 funders · 5 grants · 2020–2024

Claude Worthington Benedum Foundation

$303K · 3 grants · 2020–2024

American Online Giving Foundation Inc

$75K · 2 grants · 2023–2024

Details

EIN550727658
NTEE codeS31Z
Subsection03
Ruling date1994-12
Formed1993
Employees17
Volunteers5
WEST VIRGINIA HIGH TECHNOLOGY CONSORTIUM FOUNDATION — Mission, Financials & Grants Received | Grantivo