WEST VIRGINIA STATE UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION

EIN: 550708567 501(c)(3)

INSTITUTE, WV

Total Revenue
$21,949,840
Total Expenses
$21,431,082
Total Assets
$8,278,714
Net Assets
$3,986,051
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
WV
Principal Officer
KIMBERLY DUFF
Phone
3047664133
Tax Period
2024-07-01 to 2025-06-30

WEST VIRGINIA STATE UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION, founded in 1991, is a mid-sized nonprofit that reported $21.9M in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

TO FOSTER, SUPPORT, AND ASSIST IN ANY RESEARCH AND ECONOMIC DEVELOPMENT ACTIVITIES CONSISTENT WITH THE EDUCATIONAL OBJECTIVES AND MISSION OF WEST VIRGINIA STATE UNIVERSITY.

Program Service Accomplishments

Program 1
Expenses: $2,668,271

TITLE III - STRENGTHENING HISTORICALLY BLACK COLLEGES AND UNIVESITIES. THE U.S. DEPARTMENT OF EDUCATION PROVIDED TITLE III FUNDS FOR THE UPGRADING OF THE LIBRARY, SCIENCE LABS, STUDENT ACTIVITIES...

Read more

TITLE III - STRENGTHENING HISTORICALLY BLACK COLLEGES AND UNIVESITIES. THE U.S. DEPARTMENT OF EDUCATION PROVIDED TITLE III FUNDS FOR THE UPGRADING OF THE LIBRARY, SCIENCE LABS, STUDENT ACTIVITIES, FACULTY DEVELOPMENT, AND ADVANCEMENT ACTIVITIES AT WEST VIRGINIA STATE UNIVERSITY.

Program 2
Expenses: $4,823,692

COOPERATIVE STATE RESEARCH EDUCATION & EXTENSION SERVICE - THE MISSION OF THE DIVISION OF AGRICULTURAL, CONSUMER, ENVIRONMENTAL, AND OUTREACH PROGRAMS (ACEOP) IS TO "AID IN THE ACADEMIC...

Read more

COOPERATIVE STATE RESEARCH EDUCATION & EXTENSION SERVICE - THE MISSION OF THE DIVISION OF AGRICULTURAL, CONSUMER, ENVIRONMENTAL, AND OUTREACH PROGRAMS (ACEOP) IS TO "AID IN THE ACADEMIC, TECHNOLOGICAL, ECONOMIC, AND SOCIAL ADVANCEMENT OF THE STATE OF WEST VIRGINIA BY IDENTYFING RESOURCES AND PROGRAMS PERTINENT TO THE PROGRESSION AND DISSEMINATION OF KNOWLEDGE AND SERVICES BY WAY OF RESEARCH, TEACHING, AND EXTENSION". LISTED BELOW ARE THE PROGRAM AREAS WHICH FALL UNDER THE COOPERATIVE STATE RESEARCH AND EXTENSION SERVICE: AGRICULTURE AND NATURAL RESOURCES - PROVIDES RESEARCH-BASED EDUCATIONAL PROGRAMS AND TECHNICAL ASSISTANCE TO FARMERS, COMMODITY GROUPS, AGRIBUSINESS, AND PROVIDES HORTICULTURAL AND PEST MANAGEMENT ASSISTANCE TO THE BROADER CITIZENSHIP OF WEST VIRGINIA. ALTERNATIVE AGRICULTURE - ALTERNATIVE AGRICULTURE PRODUCTS AND PRACTICES SUCH AS ORGANIC FARMING AND HYDROPONIC SYSTEMS ARE AN IMPORTANT COMPONENT IN NORTH AMERICAN AGRICULTURE. AQUACULTURE - THE FARMING OF AQUATIC ORGANISMS SUCH AS FISH HAS DEVELOPED INTO THE FASTEST-GROWING SEGMENT OF AGRICULTURE IN THE UNITED STATES. BREEDING GREENHOUSE TOMATOES - GREENHOUSE TOMATO PRODUCTION REPRESENTS 17 PERCENT OF THE TOTAL PRODUCTION IN THE US AND A 30-40 PERCENT INCREASE IS EXPECTED IN THE FUTURE. COMMUNITY AND AGRICULTURAL RESOURCE DEVELOPMENT - WORK TO STRENGTHEN THE ECONOMIC AND SOCIAL VITALITY OF COMMUNITIES. ONE OF ITS NEWEST EFFORTS IS THE DIGISO DIGITAL MEDIA CENTER AT THE ECONOMIC DEVELOPMENT CENTER IN THE WEST SIDE OF CHARLESTON, WV. RESILIENT YOUTH AND FAMILIES - ACEOP SERVES WEST VIRGINIA'S COMMUNITIES OF FAMILIES THROUGH THE PROVISION OF CLIENT-CENTERED EDUCATIONAL PROGRAMS. THE YOUTH EDUCATION PROGRAMS, BASED ON THE 4-H MODEL, INVOLVE GROUP ACTIVITIES, CLUB MEETINGS CAMPS, FAIRS, AND CONTESTS FOR ITS MEMBERS. 4-H IS A NATIONAL INITIATIVE THAT PROVIDES OPPORTUNITIES FOR YOUTH TO MEET NEW PEOPLE, GAIN LEADERSHIP SKILLS, SET AND ACHIEVE SKILLS, LEARN LIFE SKILLS, AND BUILD SELF-CONFIDENCE. SOIL REMEDIATION - EACH YEAR IN WEST VIRGINIA, THOUSANDS OF ACRES OF FORESTS ARE DISTURBED THROUGH THE PROCESSES OF LOGGING, DEVELOPMENT, AND EXTRACTIVE INDUSTRIES SUCH AS COAL AND NATURAL GAS. VEGETABLE GENOMICS - THE FUTURE OF U.S. VEGETABLE PRODUCTION DEPENDS ON THE CONTINUED GENETIC IMPROVEMENT AND DEVELOPMENT OF NEW SUPERIOR CULTIVARS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $21,948,803
Program Service Revenue $0
Investment Income $1,037
Other Revenue $0
TOTAL REVENUE $21,949,840

Expense Breakdown

Grants Paid $5,397,961
Salaries & Benefits $9,519,296
Fundraising Expenses $0
Program Expenses $21,178,215
Other Expenses $6,513,825
TOTAL EXPENSES $21,431,082

Year-over-Year Comparison

2024 2023 Change
Revenue $21,949,840 $16,426,621 +0.3%
Expenses $21,431,082 $15,657,473 +0.4%
Net Income $518,758 $769,148 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
13
Employees
262
Volunteers
13

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$340,500
Total Directors
15
$340,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY DUFF EXECUTIVE DIRECTOR 37.50
Officer Director
$130,805 $5,700 $136,505
DR AMI SMITH VICE CHAIR 1.00
Officer Director
$182,411 $21,584 $203,995
MRS DEBORAH WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
DR ROBERT WALLACE DIRECTOR 1.00
Director
$0 $0 $0
DR SEAN COLLINS DIRECTOR 1.00
Director
$0 $0 $0
MR IAN FLORES DIRECTOR 1.00
Director
$0 $0 $0
DR BEN SULLIVAN DIRECTOR 1.00
Director
$0 $0 $0
DR JOHN FULLER DIRECTOR 1.00
Director
$0 $0 $0
DR MICHAEL HARRIS SECRETARY 1.00
Officer Director
$0 $0 $0
DR R CHARLES BYERS CHAIR 1.00
Officer Director
$0 $0 $0
MR JOHN BECKVOLD TREASURER 1.00
Officer Director
$0 $0 $0
MR ERICKE CAGE DIRECTOR 1.00
Director
$0 $0 $0
MR WILLIAM LIPSCOMB DIRECTOR 1.00
Director
$0 $0 $0
MS CLAIRE WALLACE DIRECTOR 1.00
Director
$0 $0 $0
MR LOGAN STONE DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $21,949,840 $21,431,082 $8,278,714 $518,758
2024 $16,426,621 $15,657,473 $6,455,092 $769,148
2023 $14,190,615 $13,064,856 $4,867,935 $1,125,759
2022 $13,215,542 $12,394,620 $4,178,465 $820,922
2021 $11,111,008 $9,543,644 $3,607,003 $1,567,364
2020 $12,870,354 $10,892,690 $3,693,090 $1,977,664
2019 $12,610,941 $10,736,426 $3,680,048 $1,874,515
2018 $15,201,493 $10,015,031 $3,840,437 $5,186,462
Explore More Nonprofits
Top 100 Nonprofits in West Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare WEST VIRGINIA STATE UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION with other nonprofits in West Virginia and across the country.