WEST VIRGINIA STATE UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION

WEST VIRGINIA STATE UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION

Institute, WV, US
501(c)3
EIN
55-0708567

WEST VIRGINIA STATE UNIVERSITY RESEARCH & DEVELOPMENT CORPORATION

Institute, WV, US
501(c)3
EIN
55-0708567

Income Statement

Fiscal Year Start:
Jul 1
Data visualization unavailable
Revenues in 2025

$21,949,840

Government Grants
N/A
Contributions
N/A
Investments
N/A
Fundraising Events
N/A
Program Services
N/A
Membership Dues
N/A
Expenses in 2025

$21,431,082

Salaries & Benefits
44%
Grants
25%
Other
15%
Offices, Occupancy & IT
6%
Fees to Service Providers
6%
Depreciation
4%
Advertising & Promotion
<1%
Interest
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$208,943
$347,717
+66%
Government Grants
$16,215,535
$21,601,086
+33%
Fundraising Events
$0
$0
-
Program Services
$0
$0
-
Membership Dues
$0
$0
-
Investments
$2,143
$8,369
+291%
Other
$0
-$7,332
-
Total Revenues
$16,426,621
$21,949,840
+34%
Expenses
2024
2025
Change
Grants
$1,733,394
$5,397,961
+211%
Benefits to Members
$0
$0
-
Salaries & Benefits
$7,505,513
$9,519,296
+27%
Fees to Service Providers
$1,289,515
$1,257,923
-2%
Advertising & Promotion
$33,557
$57,231
+71%
Offices, Occupancy & IT
$1,499,821
$1,289,841
-14%
Interest
$12,342
$9,345
-24%
Depreciation
$745,270
$778,150
+4%
Other
$2,838,061
$3,121,335
+10%
Total Expenses
$15,657,473
$21,431,082
+37%
Net income
2024
2025
Change
Net income
+$769,148
+$518,758
-33%
Functional Expenses
Summary
2024
2025
Change
Program
$15,463,233
$21,178,215
+37%
Admin
$194,240
$252,867
+30%
Fundraising
$0
$0
-
Total Expenses
$15,657,473
$21,431,082
+37%
Income Statement
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