PHILANTHROPY WEST VIRGINIA INC

EIN: 550721553 501(c)(3) Philanthropy & Grantmaking

SOUTH CHARLESTON, WV

Total Revenue
$266,148
Total Expenses
$334,818
Total Assets
$416,464
Net Assets
$387,560
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
WV
Principal Officer
JENNIFER GODDARD
Phone
3045171450
Tax Period
2024-01-01 to 2024-12-31

PHILANTHROPY WEST VIRGINIA INC, founded in 1993, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $266K in total revenue in fiscal year 2024. Expenses of $335K exceeded revenue, resulting in a 26% operating deficit.

Mission

STRENGTHENING PHILANTHROPY IN THE MOUNTAIN STATE.

Program Service Accomplishments

Program 1
Expenses: $259,979 Revenue: $64,785

PHILANTHROPY WV ADVANCES LEARNING, LEADERSHIP, AND LEVERAGING OF THE STUDY, GROWTH, SOLUTION DEVELOPMENT, AND BEST PRACTICES OF PHILANTHROPY IN WEST VIRGINIA. THIS IS ACCOMPLISHED BY CONNECTING THE...

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PHILANTHROPY WV ADVANCES LEARNING, LEADERSHIP, AND LEVERAGING OF THE STUDY, GROWTH, SOLUTION DEVELOPMENT, AND BEST PRACTICES OF PHILANTHROPY IN WEST VIRGINIA. THIS IS ACCOMPLISHED BY CONNECTING THE MOUNTAIN STATE'S DIVERSE NETWORK OF PHILANTHROPIC FUNDERS (GRANTMAKING FOUNDATIONS, COMPANIES, GIVING CIRCLES, PRIVATE PHILANTHROPISTS, AND INNOVATIVE GIVING) TO ENSURE GREATER IMPACT. WE STRIVE TO INSPIRE COMMUNITY-DRIVEN SOLUTIONS ACROSS THE STATE REACHING BOTH URBAN CENTERS AND THE MOST RURAL AREAS IN APPALACHIA.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $184,877
Program Service Revenue $64,785
Investment Income $16,486
Other Revenue $0
TOTAL REVENUE $266,148

Expense Breakdown

Grants Paid $0
Salaries & Benefits $209,301
Fundraising Expenses $11,254
Program Expenses $259,979
Other Expenses $125,517
TOTAL EXPENSES $334,818

Year-over-Year Comparison

2024 2023 Change
Revenue $266,148 $261,199 +0.0%
Expenses $334,818 $396,931 -0.2%
Net Income $-68,670 $-135,732 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
N/A

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
$46,738
Total Directors
15
$46,738
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARIAN CLOWES CHAIR 2.00
Officer Director
$0 $0 $0
MIKE LEWIS VICE CHAIR 2.00
Officer Director
$0 $0 $0
JANELL RAY TREASURER 2.00
Officer Director
$0 $0 $0
BROCK MALCOLM SECRETARY 2.00
Officer Director
$0 $0 $0
JENNIE SMITH-PEERS PRES. & CEO (EX-OFFICIO) 40.00
Officer Director
$46,738 $0 $46,738
DENA CUSHMAN BOARD MEMBER 2.00
Director
$0 $0 $0
RENEE MARGOCEE BOARD MEMBER 2.00
Director
$0 $0 $0
CHRISTINE MITCHELL BOARD MEMBER 2.00
Director
$0 $0 $0
DAVID MORAN BOARD MEMBER 2.00
Director
$0 $0 $0
ELIZABETH PELLEGRIN BOARD MEMBER 2.00
Director
$0 $0 $0
JESS PUGLISI-SANDERS BOARD MEMBER 2.00
Director
$0 $0 $0
MARY ANN RAUN BOARD MEMBER 2.00
Director
$0 $0 $0
PATTY SHOWERS RYAN BOARD MEMBER 2.00
Director
$0 $0 $0
RENEE STEFFEN BOARD MEMBER 2.00
Director
$0 $0 $0
LEE STORROW BOARD MEMBER 2.00
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
2024 $266,148 $334,818 $416,464 $-68,670
2023 $261,199 $396,931 $489,292 $-135,732
2022 $352,956 $395,745 $629,534 $-42,789
2021 $904,666 $945,026 $1,066,681 $-40,360
2020 $1,233,525 $851,132 $812,662 $382,393
2019 $440,608 $516,385 $325,470 $-75,777
2018 $523,299 $466,227 $387,498 $57,072
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