West Virginia State University Research & Development Corporation

What it reported doing in 2024

Cooperative state research education & extension service - the mission of the division of agricultural, consumer, environmental, and outreach programs (aceop) is to "aid in the academic, technological, economic, and social advancement of the state of West Virginia by identyfing resources and programs pertinent to the progression and dissemination of knowledge and services by way of research, teaching, and extension". Listed below are the program areas which fall under the cooperative state research and extension service: agriculture and natural resources - provides research-based educational programs and technical assistance to farmers, commodity groups, agribusiness, and provides horticultural and pest management assistance to the broader citizenship of West Virginia. Alternative agriculture - alternative agriculture products and practices such as organic farming and hydroponic systems are an important component in north american agriculture. Aquaculture - the farming of aquatic organisms such as fish has developed into the fastest-growing segment of agriculture in the united states. Breeding greenhouse tomatoes - greenhouse tomato production represents 17 percent of the total production in the us and a 30-40 percent increase is expected in the future. Community and agricultural resource development - work to strengthen the economic and social vitality of communities. One of its newest efforts is the digiso digital media center at the economic development center in the west side of charleston, wv. Resilient youth and families - aceop serves West Virginia's communities of families through the provision of client-centered educational programs. The youth education programs, based on the 4-h model, involve group activities, club meetings camps, fairs, and contests for its members. 4-h is a national initiative that provides opportunities for youth to meet new people, gain leadership skills, set and achieve skills, learn life skills, and build self-confidence. Soil remediation - each year in West Virginia, thousands of acres of forests are disturbed through the processes of logging, development, and extractive industries such as coal and natural gas. Vegetable genomics - the future of u.s. Vegetable production depends on the continued genetic improvement and development of new superior cultivars.

Financial Efficiency

• Mission deployment rate: 96.5%; rating input score 96
• Program expense ratio: 98.8%; rating input score 99
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 86.7%; rating input score 87; 19th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.4%; rating input score 44; 44th percentile among comparable filings
• Total-asset coverage ratio: 0.39; rating input score 11; 11th percentile among comparable filings
• Liabilities to assets ratio: 0.52; rating input score 27; 27th percentile among comparable filings
• Officer compensation ratio: 1.6%; rating input score 80; 80th percentile among comparable filings

Growth

• Program expense growth: 7% per year; rating input score 100; 56th percentile among comparable filings
• Revenue growth: 4.5% per year; rating input score 100; 39th percentile among comparable filings
• Asset growth: 8.7% per year; rating input score 100; 59th percentile among comparable filings