Concord University Research and Development Corporation
Nonprofit profile at a glance
- EIN
- 550769622
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Athens, WV, USA
- Phone
- 3043845210
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Science and Technology N.E.C.
Reported finances
- Revenue
- $963,023
- Expenses
- $1,012,707
- Assets
- $2,360,286
- Liabilities
- $1,033,792
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Highest reported compensation
- KENDRA BOGGESS (CHAIRPERSON): $275,015 total reported compensation
- DAN FITZPATRICK (TREASURER): $128,421 total reported compensation
- KELLY BENNINGTON (VICE CHAIRPERSON & EXECUTI): $124,097 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To maintain fiduciary integrity for grants awarded for research and development in the major disciplines at concord university (cu) including natural and social sciences, humanities, art & other academic divisions, which includes acting as the fiscal agent for sponsored programs at cu to assist in it's mission.
What it reported doing in 2024
Code 541900 - the organization exists to maintain fiduciary integrity for grants awarded to conduct research in the natural and social sciences; as well as, the enhancement of intellectual property for the business, education, and social work divisions and entrepreneurs in the local community. The organization provides management a fiduciary oversight and AIDS in ensuring reporting compliance under the terms of the various grant awards are adhered to as required under federal, state, and/or other contractual requirements.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 62
- Accountability: 31
- Sustainability: 40
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.4%; rating input score 81
- Program expense ratio: 88.5%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.2%; rating input score 24; 24th percentile among comparable filings
- Total-asset coverage ratio: 2.33; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 4.9%; rating input score 53; 53rd percentile among comparable filings
Growth
- Program expense growth: 4.7% per year; rating input score 100; 41st percentile among comparable filings
- Revenue growth: -4.5% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: 4.9% per year; rating input score 100; 38th percentile among comparable filings
Details
- Where the money goes: 81.4% of revenue deployed · 88.5% of spending went to programs
- Governance: 0 of 9 board members independent · 6 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $897K in reported program spending
- Leadership: top reported pay $275K · 12 people listed · 0 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 24/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- Review — Sustainability: Officer compensation ratio scored 53/100.