Nonprofit · EIN 55-0753467
ADVANTAGE VALLEY INC
Tax-exempt · CHARLESTON, WV 25327
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,155,154 | $1,210,435 | -$55,281 | $1,327,250 | $1,311,533 | $15,717 |
| December 31, 2023 | 990 | $1,532,481 | $1,522,268 | $10,213 | $446,181 | $371,659 | $74,522 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,153,154
- of which government grants
- $830,198
- Membership dues
- $148,100
- Program service revenue
- $0
- Investment income
- $2,000
- Net gain from sales of assets
- $2,000
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $132,979
- Other salaries and wages
- $382,895
- Salaries, compensation and benefits (total)
- $440,987
- Professional fundraising fees
- $0
- Accounting fees
- $27,900
- Occupancy
- $33,835
- Travel
- $37,493
- Program services (functional)
- $1,022,225
- Management and general (functional)
- $188,210
Balance sheet and other
- Total assets, start of year
- $446,181
- Total assets, end of year
- $1,327,250
- Total liabilities, end of year
- $1,311,533
- Net assets, end of year
- $15,717
- Land, buildings and equipment
- $931,177
- Net assets without donor restrictions
- $15,717
- Gross receipts
- $1,155,154
- Employees
- 7
- Volunteers
- 45
- Year formed
- 1996
- State of legal domicile
- WV
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Terrell Ellis | President & CEO Trustee or director, Key employee | 0 | $146,000 |
| Kelley Goes | Partner Trustee or director | 1 | $0 |
| Wayne Morgan | Treasurer Trustee or director, Officer | 1 | $0 |
| Ashley Alford | Affiliate Trustee or director | 1 | $0 |
| Toney Stroud | Partner Trustee or director | 1 | $0 |
| Morganne Tenney | Partner Trustee or director | 1 | $0 |
| Amy Shuler Goodwin | Partner Trustee or director | 1 | $0 |
| L Allen Burner | Partner Trustee or director | 1 | $0 |
| D Spencer Murphy | Partner Trustee or director | 1 | $0 |
| Dave Lieving | Vice President Trustee or director, Officer | 1 | $0 |
| Rick Atkinson | Partner Trustee or director | 1 | $0 |
| Matt Wagner | Partner Trustee or director | 1 | $0 |
| Charlotte Weber | Partner Trustee or director | 1 | $0 |
| Mark Whitley | Partner Trustee or director | 1 | $0 |
| Robert Burton | President Trustee or director, Officer | 1 | $0 |
29 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Todd Hooker | Non Voting Trustee or director | 1 | $0 |
| John Spoor | Partner Trustee or director | 1 | $0 |
| Sean Simon | Partner Trustee or director | 1 | $0 |
| John Stump | Secretary Trustee or director, Officer | 1 | $0 |
| Heather Vanater | Partner Trustee or director | 1 | $0 |
| Joe Justice | Partner Trustee or director | 1 | $0 |
| John Musgraves | Partner Trustee or director | 1 | $0 |
| Steve Williams | Partner Trustee or director | 1 | $0 |
| Adam Krason | Partner Trustee or director | 1 | $0 |
| Aaron Sporck | Partner Trustee or director | 1 | $0 |
| Josh Baker | Partner Trustee or director | 1 | $0 |
| Nancy Bruns | Partner Trustee or director | 1 | $0 |
| Ericke Cage | Partner Trustee or director | 1 | $0 |
| Charles Dusic | Partner Trustee or director | 1 | $0 |
| Peter Markham | Partner Trustee or director | 1 | $0 |
| Thor Meeks | Partner Trustee or director | 1 | $0 |
| Doug Skaff | Partner Trustee or director | 1 | $0 |
| Mara Boggs | Partner Trustee or director | 1 | $0 |
| Matthew Bond | Partner Trustee or director | 1 | $0 |
| James Brydie | Partner Trustee or director | 1 | $0 |
| Jim Crenshaw | Partner Trustee or director | 1 | $0 |
| Elton Hart | Partner Trustee or director | 1 | $0 |
| Ian Henry | Partner Trustee or director | 1 | $0 |
| Amy Petry | Partner Trustee or director | 1 | $0 |
| Rebecca Polan | Affiliate Trustee or director | 1 | $0 |
| Virgil Underwood | Partner Trustee or director | 1 | $0 |
| Paul White | Partner Trustee or director | 1 | $0 |
| Rocky Young | Partner Trustee or director | 1 | $0 |
| Megan Archer | Partner Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| John Musgraves | Partner Trustee or director | 1 | $0 |
| Joe Justice | Partner Trustee or director | 1 | $0 |
| Adam Krason | Partner Trustee or director | 0 | $0 |
| Steve Williams | Partner Trustee or director | 1 | $0 |
| Sean Simon | Partner Trustee or director | 1 | $0 |
| John Fuller | Affiliate Trustee or director | 1 | $0 |
| Nicole Christian | Partner Trustee or director | 1 | $0 |
| Heather Vanater | Partner Trustee or director | 1 | $0 |
| Aaron Sporck | Partner Trustee or director | 0 | $0 |
| Thor Meeks | Partner Trustee or director | 0 | $0 |
| Peter Markham | Partner Trustee or director | 0 | $0 |
| Cade Vogelsong | Partner Trustee or director | 1 | $0 |
| Doug Skaff | Partner Trustee or director | 0 | $0 |
| Nancy Bruns | Partner Trustee or director | 0 | $0 |
| Josh Baker | Partner Trustee or director | 0 | $0 |
| Charles Dusic | Partner Trustee or director | 0 | $0 |
| Ericke Cage | Partner Trustee or director | 0 | $0 |
| Tricia Ball | Affiliate Trustee or director | 1 | $0 |
| D Spencer Murphy | Partner Trustee or director | 1 | $0 |
| Ashley Alford | Affiliate Trustee or director | 1 | $0 |
| L Allen Burner | Partner Trustee or director | 1 | $0 |
| Toney Stroud | Partner Trustee or director | 1 | $0 |
| Morganne Tenney | Partner Trustee or director | 1 | $0 |
| Amy Shuler Goodwin | Partner Trustee or director | 1 | $0 |
| Rick Atkinson | Partner Trustee or director | 1 | $0 |
| John Spoor | Partner Trustee or director | 1 | $0 |
| Kelley Goes | Partner Trustee or director | 1 | $0 |
| Todd Hooker | Non Voting Trustee or director | 1 | $0 |
| Matt Wagner | Partner Trustee or director | 1 | $0 |
| Charlotte Weber | Partner Trustee or director | 1 | $0 |
| Mark Whitley | Partner Trustee or director | 1 | $0 |
| Wayne Morgan | Treasurer Trustee or director, Officer | 1 | $0 |
| John Stump | Secretary Trustee or director, Officer | 1 | $0 |
| Robert Burton | President Trustee or director, Officer | 1 | $0 |
| Dave Lieving | Vice President Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1925, CHARLESTON, WV 25327-1925
- In care of
- % TERRELL ELLIS
- Principal officer (990 for 2024)
- Robert Burton, PO Box 1925, Charleston, WV 25327
- Signed the 990
- TERRELL ELLIS, President & CEO
- Phone
- (304) 352-1165
- Website
- www.advantagevalley.com
- Return prepared by
- Susan Graves CPA Tax & Accounting
Mission
Grow economic opportunity for all residents of the Charleston-Huntington Metro area by increasing investments in the region, leveraging resources and building collaboration among community stakeholders.
Program accomplishments
- Business Retention: Working with our network of community economic development partners, Advantage Valley funds outreach to existing manufacturers to link them with resources to retain and grow their number of employees and revenues.Expenses $507,566
- Entreprenuerial Development: Advantage Valley supports the startup and expansion of existing businesses by providing business coaching, entrepreneurial training, and access to capital.Expenses $406,605
- Regional Marketing: Advantage Valley seeks to increase private investment in the region by: 1) identifying business expansion projects that will lead to job growth; 2) promoting Opportunity Zone properties and businesses that represent catalytic community revitalization projects; 3) recruiting talent to live and work in the region; and 4) raising awareness about the affordability and livability of the region.Expenses $70,623
- Other program servicesExpenses $37,431
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 55-0753467
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,327,250
- Income (IRS master file)
- $1,155,154
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,155,154 | $1,210,435 | $1,327,250 | IRS |
| 990 | December 2023 | $1,532,481 | $1,522,268 | $446,181 | XML |
| 990 | December 2022 | $935,048 | $999,452 | $219,100 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 55-0753467).
Questions about ADVANTAGE VALLEY INC
- What is the EIN of ADVANTAGE VALLEY INC?
- The employer identification number (EIN) of ADVANTAGE VALLEY INC is 55-0753467.
- Is ADVANTAGE VALLEY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1997.
- Are donations to ADVANTAGE VALLEY INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ADVANTAGE VALLEY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ADVANTAGE VALLEY INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADVANTAGE VALLEY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ADVANTAGE VALLEY INC?
- The 990 for the year ended December 31, 2024 names Robert Burton.
- Who are the officers and directors of ADVANTAGE VALLEY INC?
- The 990 for the year ended December 31, 2024 lists 44 people; 1 received compensation from the organization, the highest $146,000 (Terrell Ellis, President & CEO).
- How much revenue does ADVANTAGE VALLEY INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,155,154, expenses of $1,210,435 and total assets of $1,327,250 at year end.
Other nonprofits in CHARLESTON
- CHARLESTON AREA MEDICAL CENTER INC EIN 55-0526150 · last filed 990 for 2024
- CARESOURCE WEST VIRGINIA CO EIN 47-3028244 · last filed 990 for 2024
- CAMC GREENBRIER VALLEY MEDICAL CENTER INC EIN 88-4128022 · last filed 990 for 2024
- UNIVERSITY OF CHARLESTON EIN 55-0357039 · last filed 990 for 2025
- HEALTHNET AEROMEDICAL SERVICES INC EIN 55-0681969 · last filed 990 for 2025
- CAMC PLATEAU MEDICAL CENTER INC EIN 92-1715117 · last filed 990 for 2024
- WEST VIRGINIA UNIVERSITY MEDICAL CORPORATION EIN 55-0779739 · last filed 990 for 2023
- GOODWILL INDUSTRIES OF KANAWHA VALLEY INC EIN 55-0380828 · last filed 990 for 2024