2025-02-18T14:58:31-06:00 2024-03-31 540504608 BROWN EDWARDS & COMPANY LLP 707 VIRGINIA STREET EAST SUITE 300 CHARLESTON WV 25301 990 2023-04-01 550727658 WEST VIRGINIA HIGH TECHNOLOGY CONSORTIUM FOUNDATION WEST 3043336813 1000 GALLIHER DRIVE 1000 FAIRMONT WV 26554 MR JAMES L ESTEP PRESIDENT/CEO 3043336813 2025-02-18 1 0 MELISSA PRICE P00750418 3043434188 2025-02-18 2023 2025-03-06 01:10:19Z MR JAMES L ESTEP 1000 GALLIHER DRIVE 1000 FAIRMONT WV 26554 1334272 0 X WWW.WVHTF.ORG X 1993 WV RESEARCH AND DEVELOPMENT IN AREAS OF ADVANCED TECHNOLOGY AND SCIENCE AND ECONOMIC DEVELOPMENT. 5 4 17 5 0 0 288356 1025840 408854 308432 -2786 0 0 0 694424 1334272 4250 3925 0 0 1355968 1762587 0 0 0 460282 541956 1820500 2308468 -1126076 -974196 795412 843796 1196174 1697483 -400762 -853687 X TO FACILITATE ECONOMIC DEVELOPMENT BY BUILDING STRONG INDUSTRIES OF ADVANCED TECHNOLOGY AND PROVIDING RESEARCH AND DEVELOPMENT SUPPORT SERVICES TO GOVERNMENT AGENCIES; TO DEVELOP BETTER EMPLOYMENT OPPORTUNITIES AND IMPROVE THE STANDARD OF LIVING IN WEST VIRGINIA. 0 0 204068 201161 ECONOMIC DEVELOPMENT ACTIVITIES WHICH ARE FOCUSED ON PLANNING, CONSTRUCTION, LEASING AND OPERATION OF RESEARCH AND DEVELOPMENT ORGANIZATIONS AND TECHNOLOGY-BASED BUSINESSES WITHIN OR ANCILLARY TO THE I-79 TECHNOLOGY PARK LOCATED IN FAIRMONT, WV. 1072378 74176 TECHNOLOGY-BASED RESEARCH AND RELATED PROGRAMS. THESE ACTIVITIES FOCUS ON UTILIZATION OF TECHNOLOGY-BASED RESEARCH AS A VEHICLE FOR ECONOMIC DEVELOPMENT AND DIVERSIFICATION. MUCH OF THE FOUNDATION'S WORK IS PROVIDED TO THE FEDERAL AND/OR STATE GOVERNMENT, PARTICULARLY THE UNITED STATES DEPARTMENT OF DEFENSE. THE FOUNDATION HAS STRATEGICALLY DESIGNED "TECHOLOGY CLUSTERS" AROUND HIGH POTENTIAL, SUSTAINABLE, TECHNOLOGY TARGET AREAS THAT ARE VIABLE FROM BOTH A BUSINESS AND TECHNICAL PERSPECTIVE. THESE AREAS INCLUDE PRODUCT LINE ENGINEERING, BIOMETRICS TECHNOLOGIES, COMPUTING TECHNOLOGIES, SOFTWARE SUITABILITY TESTING, IDENTIFICATION TECHNOLOGIES, INFORMATION WARFARE/SECURITY TECHNOLOGIES, COMPUTATIONAL GRID APPLICATIONS, ROBOTICS AND INTERNET-BASED WEB-SITE SUPPORT SERVICES. 18489 13000 COMMERCIALIZATION ACTIVITIES PROVIDE BUSINESS SUPPORT SERVICES TO ENTREPRENEURS AND BUSINESSES INTERESTED IN THE DEVELOPMENT AND COMMERCIALIZATION OF A PRODUCT. SEEKS TO PROVIDE SERVICES TO ANY WEST VIRGINIA ENTREPRENEUR WHOSE PRODUCT DEMONSTRATES COMMERCIAL VIABILITY. 3925 20095 AFFILIATE PROGRAMS, WORKFORCE EDUCATION AND SMALL BUSINESS SUPPORT SERVICES WHICH PROVIDE WORKFORCE EDUCATION AND NETWORKING OPPORTUNITIES TO THE PUBLIC AND LOCAL TECHNOLOGY-BASED COMPANIES. 3925 20095 1294935 1 1 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 6 0 1 17 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 WV X X STACEY LAYMAN 3043662577 1000 GALLIHER DRIVE SUITE 1000 FAIRMONT WV 26554 MR JAMES L ESTEP PRESIDENT/CEO 40.00 X X 284256 0 40358 WILLIAM P PAT GETTY CHAIRMAN 1.10 X X 0 0 0 DR FRANK W BLAKE DIRECTOR/PAST CHAIRMAN 1.10 X 0 0 0 HOLLY C KAUFFMAN DIRECTOR 1.10 X 0 0 0 JASON C PIZATELLA DIRECTOR 1.10 X 0 0 0 REBECCA R MCPHAIL TERM 1223 DIRECTOR 1.10 X 0 0 0 STACEY LAYMAN TREASURER 40.00 X 107694 0 7437 GEOFFREY KIDDER ASST. TREASURER 40.00 X 80371 0 5700 LORI RHOADES SECRETARY 40.00 X 67469 0 19800 KENNETH WITT PROGRAM MANAGER 40.00 X 129798 0 38750 669588 0 112045 3 0 1 0 0 1025840 1025840 PROG REL INC-CONTRACT 541700 288337 288337 PROG REL INC-AFFILIATE 611710 20095 20095 308432 1334272 308432 0 0 X 3925 3925 642357 172218 470139 741696 586771 154925 284756 166570 118186 93778 49095 44683 4061 2274 1787 650 364 286 382655 251276 131379 20169 20169 4246 4246 7610 7486 124 1549 977 572 33988 33988 TELECOMMUNICATIONS 32211 32211 MATERIALS & SUPPLIES 16509 13954 2555 FACILITIES & LEASES 13384 13384 MAINTENANCE 8650 8650 16274 2226 14048 2308468 1294935 1013533 0 419508 286732 40148 60894 269698 194862 54047 1118488 1118488 80000 0 80000 0 153319 795412 843796 267772 412931 928402 1284552 1196174 1697483 X -400762 -853687 -400762 -853687 795412 843796 X -974196 521271 X X 0 1 X 1 0 X 265038 459012 424863 288365 1025840 2463118 786736 400284 363370 399335 308432 2258157 1051774 859296 788233 687700 1334272 4721275 0 0 0 4721275 244694 9519 254213 1051774 859296 1032927 697219 1334272 4975488 0.94890 0.89550 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1118488 1118488 0 0 LAND HELD FOR DEVELOPMENT 80000 C 80000 RESTRICTED TRUST ASSETS 153319 153319 X PART X, LINE 2: ACCOUNTING STANDARDS CODIFICATION TOPIC 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN WHERE THERE IS UNCERTAINTY ABOUT WHETHER A TAX POSITION WILL ULTIMATELY BE SUSTAINED UPON EXAMINATION. THE FOUNDATION HAS ADOPTED THE RECOGNITION AND DISCLOSURE PROVISIONS OF THIS STANDARD. THE ADOPTION OF THIS STANDARD DID NOT HAVE AN EFFECT ON THE FOUNDATION'S FINANCIAL POSITION OR CHANGES IN NET ASSETS. THE FOUNDATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE (OR REFLECT) ANY UNCERTAIN TAX POSITIONS. X X X 0 0 0 0 0 0 0 0 0 MR JAMES L ESTEP PRESIDENT/CEO 284256 0 0 0 0 0 35258 0 5100 0 324614 0 0 0 KENNETH WITT PROGRAM MANAGER 129798 0 0 0 0 0 30000 0 8750 0 168548 0 0 0 990 SUMMARY OF PURPOSE, OBJECTIVE AND ACTIVITY SUMMARY AND SCHEDULE OF THE ORGANIZATION'S PURPOSE, OBJECTIVES AND ACTIVITY 4/1/2023 - 3/31/2024 THE PURPOSE AND OBJECTIVES OF THE WEST VIRGINIA HIGH TECHNOLOGY CONSORTIUM FOUNDATION (THE "HIGH TECHNOLOGY FOUNDATION") ARE CLEARLY SET FORTH AS PART OF ITS MISSION STATEMENT, AS CONTAINED IN ITS CORPORATE CHARTER OF AUGUST 12, 1993 AND SUMMARIZED AS FOLLOWS: TO FACILITATE ECONOMIC VIABILITY BY BUILDING STRONG INDUSTRIES OF ADVANCED TECHNOLOGY AND PROVIDING CONTRACTUAL SUPPORT TO GOVERNMENT AGENCIES; TO DEVELOP BETTER EMPLOYMENT OPPORTUNITIES AND IMPROVE THE STANDARD OF LIVING IN WEST VIRGINIA; TO ENCOURAGE RESEARCH AND DEVELOPMENT ORGANIZATIONS AND HIGH TECHNOLOGY MANUFACTURERS TO LOCATE IN THE STATE; TO TAKE STEPS TO FACILITATE DEVELOPMENT OF WEST VIRGINIA'S HUMAN RESOURCES BY PROVIDING OPPORTUNITIES FOR ITS RESIDENTS; TO ENHANCE THE RESEARCH CAPABILITIES OF THE STATE'S PUBLIC AND PRIVATE SCHOOLS; TO ESTABLISH A CONTINUING FORUM TO FOSTER GREATER DIALOGUE THROUGHOUT THE RESEARCH COMMUNITY WITHIN THE STATE; AND TO PROMOTE THE DEVELOPMENT OF HIGH TECHNOLOGY INDUSTRIES AND RESEARCH FACILITIES IN WEST VIRGINIA. IN CARRYING OUT ITS PURPOSE AND OBJECTIVES DURING THE 4/1/2023 TO 3/31/2024 TERM, THE HIGH TECHNOLOGY FOUNDATION ENGAGED IN SCIENTIFIC AND/OR TECHNOLOGY-BASED RESEARCH AND DEVELOPMENT; SMALL BUSINESS SUPPORT, INCLUDING COMMERCIALIZATION AND INVESTMENT; GOVERNMENT CONTRACTING SUPPORT; REAL ESTATE DEVELOPMENT AND COMMERCIAL LEASING AND SUBLEASING, AS MORE SPECIFICALLY SET FORTH BELOW. I. OFFICE LOCATIONS AND RELATED ECONOMIC DEVELOPMENT ACTIVITIES. IN EFFORTS TO ACHIEVE ECONOMIC DEVELOPMENT, THE HIGH TECHNOLOGY FOUNDATION'S ACTIVITIES INCLUDED BUILD-OUT, LEASING, SUBLEASING AND OPERATIONS OF THE FOLLOWING FACILITY IN THE I-79 TECHNOLOGY PARK: ROBERT H. MOLLOHAN RESEARCH CENTER 1000 GALLIHER DR. FAIRMONT WV 26554 II. AFFILIATE PROGRAM, INCLUDING WORKFORCE EDUCATION. THE AFFILIATE PROGRAM PROVIDED SMALL BUSINESS ASSISTANCE, NETWORKING OPPORTUNITIES AND WORKFORCE EDUCATION ACTIVITIES. UNDER THE AFFILIATE PROGRAM, COMPANY REPRESENTATIVES WERE EITHER ELECTED OR APPOINTED TO SERVE AND PROVIDE SUPPORT AND ADVICE TO THE HIGH TECHNOLOGY FOUNDATION. THE AFFILIATE PROGRAM BENEFITS INCLUDED NETWORK AND BUSINESS COMMUNITY INITIATIVES, EDUCATIONAL SEMINARS, DISCOUNTED RATES FOR CERTAIN SERVICES, AND EMPLOYEE BENEFIT AND HEALTH INSURANCE ASSOCIATION PLAN OPPORTUNITIES. III. INNOVA SMALL BUSINESS SUPPORT SERVICES. THE INNOVA PROGRAM PROVIDED BUSINESS SUPPORT SERVICES TO ENTREPRENEURS AND BUSINESSES INTERESTED IN THE DEVELOPMENT AND COMMERCIALIZATION OF A PRODUCT. AS AN ONGOING INITIATIVE, INNOVA SPURS ECONOMIC DEVELOPMENT BY ASSISTING ENTREPRENEURS WITH BUSINESS OPPORTUNITIES AND OBTAINING CAPITAL NECESSARY TO SUCCESSFULLY LAUNCH PRODUCTS IN THE MARKETPLACE. THIS PROGRAM SEEKS TO PROVIDE SERVICES TO ANY WEST VIRGINIA ENTREPRENEUR WHOSE PRODUCT DEMONSTRATES COMMERCIAL VIABILITY. IV. TECHNOLOGY-BASED RESEARCH AND RELATED PROGRAMS. THE MAIN FOCUS OF THE ORGANIZATION'S SCIENTIFIC RESEARCH GROUP INVOLVED UTILIZATION OF TECHNOLOGY-BASED RESEARCH AS A VEHICLE FOR ECONOMIC DEVELOPMENT AND DIVERSIFICATION. MUCH OF THE WORK WAS PROVIDED TO THE FEDERAL GOVERNMENT, AS CUSTOMER, PARTICULARLY THE UNITED STATES DEPARTMENT OF DEFENSE ("DOD"). THE FOLLOWING IS A LIST OF THE TECHNOLOGY-BASED RESEARCH PROGRAMS CARRIED OUT DURING THE ABOVE-REFERENCED TERM: 1. CROSS DECK PENDANT HEALTH MONITORING SENSOR (PENDANT) FUNDED BY DOD, THIS SBIR IS TO DEVELOP A CONCEPT, AND THEN WORKING PROTOTYPE, THAT WILL ASSESS THE HEALTH AND VIABILITY OF THE STEEL WIRE-ROPE USED TO ARREST THE MOTION OF LANDING AIRCRAFT ON A CARRIER DECK. THE CHALLENGE IS TO DETECT BREAKS, KINKS, AND OTHER DAMAGE TO THE PENDANT IN THE HARSH OPERATING CONDITIONS OF A FLIGHT DECK TO PREDICT AND PREVENT FAILURES. OUR APPROACH IS TO USE ULTRASONIC GUIDE WAVES COUPLED INTO THE PENDANT AND USE AN ARTIFICIAL INTELLIGENCE-BASED ANALYSIS TO DETERMINE A GO OR NO-GO STATUS. 2. STANDOFF LASER INTERROGATION OF MUNITIONS (SLIM) THIS DOD FUNDED PROGRAM USES A LASER TO INDUCE ULTRASOUND IN A MATERIAL BY ABLATING ITS SURFACE. BASED UPON THE SPECTROGRAPHIC RESPONSE OF THE OBSERVED RETURN, THE HOPE IS THAT A LOT OF INFORMATION CAN BE GLEANED ABOUT THE MATERIAL. THIS INFORMATION, COMBINED WITH VISIBLE IMAGERY AND OTHER OBSERVABLE DETAILS, WILL BE USED TO IDENTIFY PARTIALLY BURIED OR OBSCURED MUNITIONS. 3. SOLAR TESTBED THIS DOE FUNDED PROGRAM IS ACCELERATING THE DEPLOYMENT OF LARGE-SCALE SOLAR TECHNOLOGY IN NORTH-CENTRAL WEST VIRGINIA. THE GOAL IS TO SUBSTANTIALLY CONTRIBUTE TO THE NATIONAL GOAL OF PROVIDING AND EQUITABLE TRANSITION TO A DECARBONIZED ELECTRICITY SYSTEM BY 2035 AND DECARBONIZED ENERGY SECTOR BY 2050. 4. ECOSYSTEM FUNDED BY NOAA, THIS GRANT IS TO CONDUCT RESEARCH THAT WILL LEAD TO THE CONCEPTUALIZATION OF AN INNOVATION AND ENTREPRENEURIAL ECOSYSTEM IN NORTH-CENTRAL WEST VIRGINIA INVOLVING THE CLIMATE AND WEATHER SECTOR. THE INNOVATION AND ENTREPRENEURIAL ECOSYSTEM WILL INCLUDE BUSINESS SUPPORT AND RECRUITMENT COMPONENTS. 5. LAB CAPABILITIES TO ASSIST IN RESEARCH AND DEVELOPMENT. MACHINE SHOP. MACHINING OF METAL, WOODWORKING AND WELDING. ELECTRONIC SHOP. SOLDERING, ASSEMBLY AND CIRCUIT TESTING. OPTICS LAB. LASER, INFRARED, UV WAVELENGTHS, IMAGING AND ILLUMINATION. PULSED POWER LAB. HIGH-VOLTAGE ELECTRONIC DEVICES. ELECTRO-MAGNETICS LAB. HIGH-POWER ELECTRICAL ACOUSTICAL TRANSDUCERS FOR CREATING HIGH-INTENSITY SOUND WAVES IN WATER. VI. SUBSIDIARIES 1. TECH PARK NON-PROFIT HOLDINGS, INC. THIS SUBSIDIARY IS A 501(C)(2) NON-PROFIT TITLE HOLDINGS COMPANY WITH A MAILING ADDRESS OF 1000 GALLIHER DRIVE, SUITE 8400, FAIRMONT, WEST VIRGINIA 26554. 2. VERTEX NON-PROFIT HOLDINGS, INC. THIS SUBSIDIARY IS A 501(C)(2) NON-PROFIT TITLE HOLDING COMPANY WITH A MAILING ADDRESS OF 1000 GALLIHER DRIVE, SUITE 8800, FAIRMONT, WEST VIRGINIA 26554. VII. FACILITY MANAGEMENT. A SUBSTANTIAL AMOUNT OF ACTIVITY CARRIED OUT BY THE HIGH TECHNOLOGY FOUNDATION, DURING THE ABOVE-REFERENCED TERM, INVOLVED BUILD-OUT AND LEASING ACTIVITIES WITHIN THE I-79 TECHNOLOGY PARK IN FAIRMONT, WEST VIRGINIA. THE FACILITIES' TENANTS INCLUDE THE NATIONAL OCEANIC AND ATMOSPHERIC ADMINISTRATION (NOAA), NATIONAL AERONAUTICS AND SPACE ADMINISTRATION (NASA) AND FEDERAL BUREAU OF INVESTIGATION ("FBI") FEDERAL GOVERNMENT AGENCIES. FORM 990, PART VI, SECTION B, LINE 11B THE WVHTC FOUNDATION BOARD OF DIRECTORS REVIEWS AND APPROVES THE IRS FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C SUBSTANTIVE DECISIONS ARE MADE BY THE WVHTC FOUNDATION'S BOARD OF DIRECTORS AND CARRIED OUT BY THE ORGANIZATION'S MANAGEMENT. IN ADDRESSING THESE DECISIONS AS WELL AS CARRYING OUT THE ORGANIZATION'S DAY-TO-DAY OPERATION AND CONTRACTUAL ACTIVITIES, ORGANIZATIONAL POLICY AND PRACTICE REQUIRES ANY DIRECTOR, OFFICER AND/OR EMPLOYEE TO: (1) DISCLOSE POTENTIAL CONFLICTS; (2) WITHDRAW FROM ANY ACTIVITIES IN WHICH A POTENTIAL CONFLICT EXISTS; AND (3) NOTE THE WITHDRAWAL OR ACT OF ABSTAINING FROM THE ACTIVITY. ALL POTENTIAL CONFLICTS ENCOUNTERED BY THE BOARD OF DIRECTORS AND THEIR WITHDRAWAL FROM VOTING, DECISION-MAKING OR RELATED ACTIVITY IS DULY NOTED BY THE CORPORATE SECRETARY AND MADE PART OF THE MEETING OR BOARD ACTIVITY MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE ORGNIZATION'S CHIEF EXECUTIVE OFFICER AND TOP MANAGEMENT OFFICIALS INCLUDES A FORMAL COMPENSATION ANALYSIS PROVIDED BY AN INDEPENDENT ACCOUNTING FIRM IN WHICH THE JOB DUTIES AND RESPONSIBILITIES FOR EACH POSITION AS WELL AS THE ACTUAL EMPLOYEE'S EXPERIENCE, SKILLS, CAPABILITIES, AND CREDENTIALS ARE BENCHMARKED BY INDUSTRY AND REGIONAL STANDARDS. THE ORGANIZATION'S EXECUTIVE COMPENSATION IS DETERMINED BASED UPON: (1) EXTERNAL ANALYSIS AND GUIDANCE FROM AN ACCOUNTING AND/OR EXECUTIVE COMPENSATION SPECIALIST FIRM; (2) THE ANNUAL REVIEW; (3) INDEPENDENT ANALYSIS, AND APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS. THIS PROCESS AND THE FINAL WORK PRODUCT ARE OVERSEEN BY THE ORGANIZATION'S LEGAL COUNSEL. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 84,067. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 84,067. PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 167,209. MANAGEMENT AND GENERAL EXPENSES 131,379. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 298,588. FORM 990, PART XI, LINE 9: TRANSFERS TO/FROM AFFILIATES 521,271. FORM 990, PART XII, LINE 2C: NO CHANGE IN PROCESS FROM THE PRIOR YEAR. TECH PARK NON-PROFIT HOLDINGS INC 1000 GALLIHER DRIVE SUITE 8400 FAIRMONT WV 26554 262294764 NON PROFIT TITLE HOLDING COMPANY WV 501(C)(2) 1 VERTEX NON-PROFIT HOLDINGS INC 1000 GALLIHER DRIVE SUITE 8800 FAIRMONT WV 26554 262294925 NON PROFIT TITLE HOLDING COMPANY WV 501(C)(2) 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 VERTEX NON-PROFIT HOLDINGS INC R 300709 CASH TRANSFERS TECH PARK NON-PROFIT HOLDINGS INC R 45750 CASH TRANSFERS