West Virginia High Technology Consortium Foundation in Fairmont, West Virginia (WV)

West Virginia High Technology Consortium Foundation
Employer Identification Number (EIN)	550727658
Name of Organization	West Virginia High Technology Consortium Foundation
Address	1000 Technology Dr Ste 1000, Fairmont, WV 26554-8827
Activities	Attracting new industry or retaining industry in an area
Subsection	Charitable Organization
Ruling Date	12/1994
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	03/2014
Assets	$10,000,000 to $49,999,999
Income	$5,000,000 to $9,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$43,353,650
Amount of Income	$8,401,754
Form 990 Revenue Amount	$8,045,765
National Taxonomy of Exempt Entities (NTEE)	Community Improvement, Capacity Building: Urban, Community Economic Development

Non-representatives - add comments:

Amount of income in 2014: $8,401,754

West Virginia High Technology Consortium Foundation:	$8,401,754
Other organizations performing similar types of work:	$190,298

Assets in 2014: $43,353,650

This organization:	$43,353,650
Other organizations performing similar types of work:	$326,461

Expenses in 2014: $8,957,993

This organization:	$8,957,993
Other organizations performing similar types of work:	$231,022

Income to expenses ratio in 2014: 0.9

West Virginia High Technology Consortium Foundation:	0.9
Other organizations performing similar types of work:	1.0

Expenses allocated to program services in 2007: 83.5%

This organization:	83.5%
Other organizations performing similar types of work:	86.8%

Number of employees in 2014: 56

This organization:	56
Other organizations performing similar types of work:	2

Employees paid over $100,000 in 2014: 30.4%

This organization:	30.4%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2014: 7.6%

This organization:	7.6%
Other organizations performing similar types of work:	35.7%

Financial snapshot ($)

Revenue for 2014

Assets at the end of 2014

Functional expenses for 2014

Support schedule

	2012	2013	2014
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	No	No	No
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	No	No	No
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	Yes	Yes	Yes
Did the organization report an amount for other liabilities?	No	No	No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	Yes	Yes	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	Yes	Yes	No
Was the organization included in consolidated, independent audited financial statements for the tax year?	Yes	Yes	Yes
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No	No
Did the organization operate one or more hospital facilities?	No	No	No
Did the organization attach a copy of its audited financial statements?	No	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	Yes	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	No	No
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	Yes	Yes	Yes
Was the organization related to any tax-exempt or taxable entity?	Yes	Yes	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	Yes	Yes	Yes
Did the organization make any transfers to an exempt non-charitable related organization?	No	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No	No

	2011	2012	2013	2014
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		56	26	30
The number of Forms W-2G		0	0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		75	63	56
Did the organization file all required federal employment tax returns?		Yes	Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No	No
Has it filed a Form 990-T for this year?		No	No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No	No
Did the organization file Form 8886-T?		No	No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No	No
Initiation fees and capital contributions	$0	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0	$0
Gross income from other sources	$0	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0	$0
The amount of reserves on hand		$0	$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No	No
Has it filed a Form 720 to report these payments?		No	No	No

	2012	2013	2014
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$1,537,580	$1,518,555	$1,584,748
Total reportable compensation from related organizations	$0	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$275,791	$275,740	$301,527
Total number of individuals who received more than $100,000 of reportable compensation from the organization	11	12	16
Total number of independent contractors who received more than $100,000 of compensation from the organization	3	1	1

	2011	2012	2013	2014
Statement of Revenue
Total revenue	$11,545,672	$8,870,246	$8,426,631	$8,045,765
Contributions, Gifts, Grants and Other Similar Amounts	$383,600	$546,274	$782,802	$610,480
Program Service Revenue	$11,113,957	$8,303,257	$7,585,739	$7,045,280
541700		$6,408,315	$5,978,473	$5,461,077
Lessors of Other Real Estate Property		$1,836,230	$1,547,960	$1,517,721
Educational Support Services		$58,712	$59,306	$66,482
All other program service revenue		$0	$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$24,461	$11,861	$17,547	$16,624
Income from investment of tax-exempt bond proceeds	$0	$0	$0	$0
Royalties	$0	$0	$0	$0
Net rental income	$0	$0	$0	$0
Net gain/loss from sales of assets other than inventory	$0	$0	$0	$245,157
Gross amount from sales of assets other than inventory (Securities / Other)	$0 / $0	$0 / $0	$0 / $0	$0 / $601,146
Less: cost or other basis and sales expenses (Securities / Other)	$0 / $0	$0 / $0	$0 / $0	$0 / $355,989
Gain or (loss) (Securities / Other)	$0 / $0	$0 / $0	$0 / $0	$0 / $245,157
Net income/loss from fundraising events	$0	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0	$0
Net income/loss from sales of inventory	$0	$0	$0	$0
Miscellaneous Revenue	$23,654	$8,854	$40,543	$128,224
900099		$8,854	$40,543	$128,224
All other revenue		$0	$0	$0

	2011	2012	2013	2014
Statement of Functional Expenses
Total functional expenses	$11,512,603	$10,014,046	$9,297,552	$8,957,993
Grants and other assistance to domestic organizations and domestic governments		$20,183	$37,535	$38,102
Grants and other assistance to domestic individuals		$0	$0	$2,500
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0	$0
Benefits paid to or for members		$0	$0	$0
Compensation of current officers, directors, trustees, and key employees	$1,255,697	$1,191,570	$1,179,376	$1,201,020
Compensation not included above, to disqualified persons		$0	$0	$0
Other salaries and wages	$3,079,244	$2,713,854	$2,546,511	$2,604,768
Pension plan accruals and contributions		$84,504	$77,460	$79,061
Other employee benefits		$945,646	$723,397	$804,200
Payroll taxes	$413,645	$419,145	$362,039	$314,678
Fees for services (non-employees)
Management		$0	$0	$0
Legal		$10,194	$15,998	$40,859
Accounting		$112,244	$97,876	$90,722
Lobbying		$0	$0	$0
Professional fundraising services	$0	$0	$0	$0
Investment management fees		$0	$0	$0
Other		$87,531	$151,827	$105,427
Advertising and promotion		$93,913	$102,048	$136,414
Office expenses		$613,715	$282	$0
Information technology		$131,518	$204,297	$83,835
Royalties		$0	$0	$0
Occupancy		$271,431	$264,908	$61,277
Travel		$149,152	$106,208	$99,827
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0	$0
Conferences, conventions, and meetings		$46,683	$32,658	$27,371
Interest		$136,180	$133,148	$303,956
Payments to affiliates		$0	$0	$0
Depreciation, depletion, and amortization		$679,134	$631,788	$579,512
Insurance		$673,405	$555,564	$656,252
Other expenses		$548,248	$659,305	$433,179
Other expenses		$371,965	$615,000	$300,093
Other expenses		$343,500	$272,177	$240,727
Other expenses		$276,170	$244,661	$234,850
Other expenses		$94,161	$283,489	$519,363

	2011	2012	2013	2014
Balance Sheet
Total assets	$38,246,646	$36,389,618	$35,181,249	$43,353,650
Cash - non-interest-bearing		$5,948,321	$5,200,341	$5,295,283
Savings and temporary cash investments		$0	$0	$0
Pledges and grants receivable, net		$148,551	$116,296	$64,731
Accounts receivable, net		$1,062,968	$1,980,684	$1,251,172
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0	$0
Notes and loans receivable, net		$0	$0	$0
Inventories for sale or use		$0	$0	$0
Prepaid expenses and deferred charges		$296,625	$236,297	$342,506
Land, buildings, and equipment: cost or other basis		$14,946,389	$14,316,184	$13,505,577
Investments - publicly traded securities		$0	$0	$0
Investments - other securities		$1,000	$1,000	$0
Investments - program-related		$0	$0	$0
Intangible assets		$0	$0	$0
Other assets		$13,985,764	$13,330,447	$22,894,381
Total liabilities	$4,410,525	$3,692,080	$3,353,079	$12,544,182
Accounts payable and accrued expenses		$687,241	$602,355	$577,092
Grants payable		$0	$0	$0
Deferred revenue		$1,161,488	$861,168	$926,896
Tax-exempt bond liabilities	$0	$0	$0	$0
Escrow or custodial account liability		$0	$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0	$0
Secured mortgages and notes payable to unrelated third parties	$2,408,348	$1,843,351	$1,889,556	$11,040,194
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$0	$0	$0
Total net assets or fund balances	$33,836,121	$32,697,538	$31,828,170	$30,809,468
Unrestricted net assets		$32,697,538	$31,828,170	$30,809,468
Temporarily restricted net assets		$0	$0	$0
Permanently restricted net assets		$0	$0	$0
Capital stock or trust principal, or current funds		$0	$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0	$0

Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:	An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported	0
Sum of amounts of support	$0

	2010 - 2014 Total
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010 - 2014)
Public support	$49,650,891
Subtotal	$49,650,891
Gifts, grants, contributions, and membership fees received	$2,861,267
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose	$46,789,624
Gross receipts from activities that are not an unrelated trade or business under section 513	$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
Less	$0
Amounts received from disqualified persons	$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support	$0
Total support	$49,961,157
Public support	$49,650,891
Subtotal	$105,747
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$105,747
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975	$0
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income	$204,519

	2005	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$38,380,341	$36,724,443
Contributions, gifts, grants, and similar amounts received	$4,838,098	$6,981,048
Contributions to donor advised funds		$0
Direct public support	$202,263	$256,859
Indirect public support	$0	$0
Government contributions (grants)	$4,635,835	$6,724,189
Program service revenue including government fees and contracts	$33,424,017	$29,539,567
Membership dues and assessments	$14,752	$0
Interest on savings and temporary cash investments	$58,745	$119,485
Dividends and interest from securities	$0	$0
Net rental income or (loss)	$0	$0
Gross rents	$0	$0
Less: rental expenses	$0	$0
Other investment income	$0	$0
Gain or (loss) from sales of assets other than inventory	$0	$0
Gross amount from sales of assets other than inventory	$0	$0
Less: cost or other basis and sales expenses	$0	$0
Net income or (loss) from special events and activities	$0	$0
Gross revenue	$32,710	$23,430
Less: direct expenses other than fundraising expenses	$32,710	$23,430
Gross profit or (loss) from sales of inventory	$27,879	$39,341
Gross sales of inventory, less returns and allowances	$66,535	$339,449
Less: cost of goods sold	$38,656	$300,108
Other revenue	$16,850	$45,002
Total expenses	$35,436,904	$31,308,127
Program services	$31,863,949	$26,151,375
Management and general	$3,022,928	$4,341,722
Fundraising	$550,027	$815,030
Payments to affiliates	$0	$0
Net assets or fund balances at end of year	$20,391,565	$32,718,682
Excess or (deficit) for the year	$2,943,437	$5,416,316
Net assets or fund balances at beginning of year	$17,277,395	$27,961,102
Other changes in net assets or fund balances	$170,733	$-658,736

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$31,308,127	$26,151,375	$4,341,722	$815,030
Grants paid from donor advised funds		$0
Other grants and allocations		$109,113
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$1,575,495	$302,029	$1,273,466	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$7,165,414	$6,141,032	$663,652	$360,730
Pension plan contributions not included above	$191,571	$147,484	$44,087	$0
Employee benefits not included above	$1,792,961	$1,380,339	$412,622	$0
Payroll taxes	$817,413	$607,971	$181,739	$27,703
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$138,556	$34,132	$104,424	$0
Legal fees	$135,856	$33,475	$102,381	$0
Supplies	$476,926	$421,988	$47,427	$7,511
Telephone	$244,001	$234,708	$0	$9,293
Postage and shipping	$38,515	$37,306	$0	$1,209
Occupancy	$1,256,128	$1,215,632	$40,496	$0
Equipment rental and maintenance	$164,786	$158,913	$5,873	$0
Printing and publications	$655	$0	$0	$655
Travel	$615,266	$515,139	$81,654	$18,473
Conferences, conventions, and meetings	$242,767	$192,818	$29,340	$20,609
Interest	$1,558,368	$1,421,510	$136,858	$0
Depreciation, depletion, etc.	$532,164	$510,984	$21,180	$0
Other expenses not covered above	$14,252,172	$12,686,802	$1,196,523	$368,847

	2005	2007
Balance Sheets
Total assets	$50,817,374	$57,470,795
Cash - non-interest-bearing	$2,180,572	$5,388,941
Savings and temporary cash investments	$1,110,947	$0
Accounts receivable less allowance for doubtful accounts	$1,746,709	$2,311,608
Pledges receivable less allowance for doubtful accounts	$0	$0
Grants receivable	$15,214,271	$2,288,876
Receivables from current and former officers, directors, trustees, and key employees	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)		$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0
Inventories for sale or use	$0	$0
Prepaid expenses and deferred charges	$375,803	$397,089
Investments - publicly-traded securities		$0
Investments - other securities	$2,094	$1,000
Investments - land, buildings, and equipment less accumulated depreciation	$12,218,910	$12,218,910
Investments - other	$0	$0
Land, buildings, and equipment less accumulated depreciation	$17,623,627	$34,780,884
Other assets, including program-related investments	$344,441	$83,487
Total liabilities	$30,425,809	$24,752,113
Accounts payable and accrued expenses	$2,338,552	$4,604,726
Grants payable	$0	$0
Deferred revenue	$550,510	$948,976
Loans from officers, directors, trustees, and key employees	$0	$0
Tax-exempt bond liabilities	$0	$0
Mortgages and other notes payable	$27,536,747	$18,660,801
Other liabilities	$0	$537,610
Total liabilities and net assets/fund balances	$50,817,374	$57,470,795
Total net assets or fund balances	$20,391,565	$32,718,682

	2005	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$38,380,341	$36,724,443
Total revenue, gains, and other support per audited financial statements	$38,439,198	$37,047,981
Other expenses	$0	$323,538
Net unrealized gains on investments	$0	$0
Donated services and use of facilities	$0	$0
Recoveries of prior year grants	$0	$0
Other	$0	$323,538
Other revenue	$-58,857	$0
Investment expenses	$0	$0
Other	$-58,857	$0

	2005	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$35,436,904	$31,308,127
Total expenses and losses per audited financial statements	$35,496,855	$31,631,665
Other revenue	$71,366	$323,538
Donated services and use of facilities	$0	$0
Prior year adjustments	$0	$0
Losses	$0	$0
Other	$71,366	$323,538
Other expenses	$11,415	$0
Investment expenses	$0	$0
Other	$11,415	$0

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
40	$325,857	$18,327	$2,457
40	$205,775	$9,451	$1,886
40	$194,681	$16,506	$11,097
40	$173,883	$16,024	$4,512
40	$131,066	$8,604	$5,032
40	$129,611	$9,187	$1,762
40	$147,732	$13,642	$7,945
32	$42,369	$1,193	$55
40	$81,140	$12,604	$3,097

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	4
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	Yes
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	Yes
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	171

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$39,341		$164,487	$29,539,567
Program service revenue
Program service revenue 1	000000	$0	00	$0	$26,942,096
Program service revenue 2	000000	$0	00	$0	$2,573,382
Program service revenue 3	000000	$0	00	$0	$24,089
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$119,485	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	Other computer-related services	$39,341	00	$0	$0
Other revenue	000000	$0	Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))	$45,002	$0

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
203692939	100%	$179,436	$3,446,314
203308876	100%	$-17,771	$623,408
262294925	100%	$0	$0
000000000	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$136,275	$15,594	$2,583
$128,385	$15,630	$50
$120,875	$15,547	$2,408
$111,930	$4,463	$4,778
$109,611	$9,046	$854

Total number of other employees paid over $50,000	83

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$4,200
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees

	2004	2006
Support Schedule
Total	$16,800,988	$46,658,670
Gifts, grants, and contributions received	$5,109,294	$19,310,198
Membership fees received	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$11,594,259	$27,087,349
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$21,347	$114,438
Net income from unrelated business activities not included above	$13,905	$15,990
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0
Other income	$62,183	$130,695

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

	Income	Expenses	Net
Unrelated Trade or Business Income (for 2008)
Total	$393,411	$0	$39,341
Gross receipts or sales less returns and allowances	$339,449	$0	$0
Cost of goods sold	$3,001,081	$0	$0
Gross profit	$393,411	$0	$39,341
Capital gain net income	$0	$0	$0
Net gain	$0	$0	$0
Capital loss deduction for trusts	$0	$0	$0
Income (loss) from partnerships and S corporations	$0	$0	$0
Rent income	$0	$0	$0
Unrelated debt-financed income	$0	$0	$0
Interest, annuities, royalties, and rents from controlled organizations	$0	$0	$0
Investment income of a section 501(c)(7), (9), or (17) organization	$0	$0	$0
Exploited exempt activity income	$0	$0	$0
Advertising income	$0	$0	$0
Other income	$0	$0	$0

Deductions Not Taken Elsewhere (for 2008)
Total deductions	$4,830
Compensation of officers, directors, and trustees	$0
Salaries and wages	$0
Repairs and maintenance	$0
Bad debts	$0
Interest	$0
Taxes and licenses	$4,830
Charitable contributions	$0
Depreciation	$0
Depletion	$0
Contributions to deferred compensation plans	$0
Employee benefit programs	$0
Excess exempt expenses	$0
Excess readership costs	$0
Other deductions	$0
Unrelated business taxable income	$0
Unrelated business taxable income before net operating loss deduction	$34,511
Net operating loss deduction	$0
Unrelated business taxable income before specific deduction	$34,511
Specific deduction	$1,000

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	West Virginia High Technology Consortium Foundation	1000 Technology Dr Ste 1000, Fairmont, WV 26554-8827	WV	1994-12	$8,401,754
2	Uptown Columbus Inc	PO BOX 1237, Columbus, GA 31902-1237	GA	1985-04	$12,826,789
3	South Bronx Overall Economic Development Corporation	555 Bergen Ave, Bronx, NY 10455-1368	NY	1973-08	$8,444,805
4	West Central Indiana Economic Development District Inc	1718 Wabash Ave, Terre Haute, IN 47807-3323	IN	1969-08	$5,403,201
5	South Georgia Regional Development Center	PO BOX 1223, Valdosta, GA 31603-1223	GA	1979-09	$4,665,054
6	Warriors Inc	2733 Market St, Youngstown, OH 44507-1612	OH	1998-08	$2,042,544
7	Sierra Vista Economic Development	750 Bartow, Sierra Vista, AZ 85635-1827	AZ	1987-06	$1,835,033
8	Stand Up For Salem Inc	Fenwick Plaza Suite 7, Salem, NJ 08079	NJ	1989-09	$1,714,895
9	Tule River Economic Development Corporation	2780 W Yowlumne Ave Ste A559, Porterville, CA 93257-9592	CA	1992-07	$1,156,764
10	Sunrise County Economic Council	53 Prescott Dr Suite 3, Machias, ME 04654-3424	ME	1995-03	$1,012,879
11	Urban Enterprise Association Of Hammond Indiana Inc	649 Conkey St, Hammond, IN 46324-1158	IN	1993-06	$922,216
12	Randolph Area Community Development Corporation	PO BOX 7, Randolph, VT 05060-0007	VT	1994-05	$913,807
13	Saratoga Economic Development Corporation	28 Clinton Ave, Saratoga Springs, NY 12866-2391	NY	1980-01	$831,929
14	Texas Economic Development Corporation	PO BOX 684702, Austin, TX 78768-4702	TX	1993-05	$765,896
15	Washington Heights And Inwood Development Corporation	57 Wadsworth Ave, New York, NY 10033-7048	NY	1979-02	$633,423
16	Tennessee Economic Partnership Inc	217 5th Ave North 200, Nashville, TN 37219-1901	TN	1992-05	$588,539
17	Clayton Century Foundation	50 Gay Avenue, Clayton, MO 63105	MO	1998-06	$580,491
18	Urban Vision	749 Blaine Ave, Akron, OH 44310-3035	OH	1993-02	$524,559
19	Mcdowell County Action Network Inc	PO BOX 67, Thorpe, WV 24888-0067	WV	1995-11	$58,554
20	Mannington Main Street Inc	206 E Main St, Mannington, WV 26582-1162	WV	1995-10	$47,720

Number of organizations performing similar types of work

Alaska	1
Alabama	4
Arkansas	6
Arizona	6
California	34
Colorado	8
Connecticut	9
District of Columbia	7
Florida	22
Georgia	12
Hawaii	1
Iowa	18
Idaho	3
Illinois	30
Indiana	20
Kansas	1
Kentucky	5
Louisiana	8
Massachusetts	17
Maryland	11
Maine	2
Michigan	17
Minnesota	11
Missouri	17
Mississippi	6

Montana	4
North Carolina	24
North Dakota	3
Nebraska	2
New Hampshire	2
New Jersey	17
New Mexico	2
Nevada	3
New York	59
Ohio	18
Oklahoma	5
Oregon	4
Pennsylvania	32
South Carolina	7
South Dakota	3
Tennessee	11
Texas	21
Utah	1
Virginia	10
Vermont	1
Washington	6
Wisconsin	14
West Virginia	3
Wyoming	2
International	1

Total

531

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