Mid Atlantic Technology Research And Innovation Center Inc

Mid Atlantic Technology Research And Innovation Center Inc reports negative revenue and minimal expenses in 2023 after years of multi-million dollar operations.

EIN: 200208597 · Hurricane, WV · NTEE: U05 · Updated: 2026-03-28

$230KRevenue
$3.3MAssets
65/100Mission Score (Good)
U05

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Mid Atlantic Technology Research And Innovation Center Inc Financial Summary
MetricValue
Total Revenue$230K
Total Expenses$5K
Program Spending80%
Net Assets$3.1M
Transparency Score65/100

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Mid Atlantic Technology Research And Innovation Center Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Mid Atlantic Technology Research And Innovation Center Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Mid Atlantic Technology Research And Innovation Center Inc in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $-1,141,612 and expenses of $5K.

Revenue and Expenses

Revenue, expense, and surplus data is shown where available from IRS 990 records.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

65/100 mission score, 5 red flags, and 5 strengths are shown from structured and AI review.

Is Mid Atlantic Technology Research And Innovation Center Inc Legit?

Some Concerns

GoodFiling Consistency
ExcellentSpending Efficiency
GoodTransparency
5 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
80%Program Expense
$0Grants Paid
13Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Mid Atlantic Technology Research And Innovation Center Inc Expense Deployment
Program services$4K (80%)

Across stored filings, Mid Atlantic Technology Research And Innovation Center Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Mid Atlantic Technology Research And Innovation Center Inc Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 5 red flags identified
Mission spend80% to programsExcellent
Financial durabilityGrade B13 stored filing years
Peer contextCompare with Little League Baseball IncWest Virginia and Category U context

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Mid Atlantic Technology Research And Innovation Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Mid Atlantic Technology Research And Innovation Center Inc

Mid Atlantic Technology Research And Innovation Center Inc (EIN: 200208597) is a nonprofit organization based in Hurricane, WV, classified under NTEE code U05. The organization reported total revenue of $230K and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Atlantic Technology Research And Innovation Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

22Years Operating
SmallSize Classification
13Years of Filings
MixedRevenue Trajectory

Mid Atlantic Technology Research And Innovation Center Inc is a small nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023).

Financial Trends

YearRevenue ChangeExpense ChangeAsset Change
2023-106.9%-100.0%-61.9%
2022+1.1%+5.1%+54.3%
2021+18.1%+8.6%-17.2%
2020-7.3%-4.9%+15.7%
2019+9.7%+5.0%+5.9%

IRS Tax-Exempt Classification

IRS Classification Codes8000
IRS Ruling Date2004

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mid Atlantic Technology Research And Innovation Center Inc (MATRIC) exhibits a highly volatile financial history, making a consistent assessment challenging. The organization experienced significant revenue fluctuations, including a substantial negative revenue of $-1,141,612 in 2023, following robust revenues exceeding $13 million in prior years. This drastic shift raises concerns about the sustainability of its funding model or potential accounting adjustments. Despite these revenue swings, MATRIC has consistently maintained substantial assets, peaking at over $8 million in 2022, indicating a strong asset base relative to its recent operational scale. The consistent reporting of 0% officer compensation across all available filings suggests a high degree of transparency regarding executive pay, as it implies either no compensation or that it falls below reporting thresholds, which is unusual for an organization of its historical size. Spending efficiency is difficult to gauge precisely without a detailed breakdown of program, administrative, and fundraising expenses. However, the organization's expenses have generally tracked closely with its revenues in years with positive income, suggesting that most incoming funds were utilized for operations. The significant drop in expenses to $4,992 in 2023, alongside negative revenue, points to a near-complete cessation of typical operations or a major restructuring. The organization's NTEE code (U05 - Technology and Science Research Institutes) suggests a focus on research and innovation, which can have varying cost structures. The lack of reported liabilities in 2023, down from millions in previous years, is a positive sign of debt reduction, but the overall financial picture for 2023 is highly anomalous and warrants further investigation to understand the underlying causes of the negative revenue and minimal expenses.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mid Atlantic Technology Research And Innovation Center Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

  • admin: 15%
  • programs: 80%
  • fundraising: 5%

According to IRS 990 filings, Mid Atlantic Technology Research And Innovation Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$-1,141,612Total Revenue
$5KTotal Expenses
$3.1MTotal Assets
$3.1MNet Assets

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an entity that has managed tens of millions in revenue and assets over many years. This suggests either that executive compensation is below IRS reporting thresholds, or that leadership is entirely volunteer-based, indicating a strong commitment to minimizing overhead in this area.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Mid Atlantic Technology Research And Innovation Center Inc's IRS 990 filings:

  • Significant negative revenue of $-1,141,612 in 2023, indicating major financial distress or accounting anomaly.
  • Drastic reduction in expenses to $4,992 in 2023, suggesting a near-complete cessation of operations.
  • Extreme volatility in annual revenue, ranging from over $16 million to negative figures, indicating an unstable funding model.
  • Unusually consistent 0% officer compensation reported across all filings for an organization with multi-million dollar operations, which may warrant further scrutiny.
  • Substantial decrease in assets from $8.1 million in 2022 to $3.1 million in 2023, raising questions about asset management and financial stability.

Strengths

The following positive indicators were identified for Mid Atlantic Technology Research And Innovation Center Inc:

  • Historically managed significant revenues, demonstrating capacity for large-scale operations.
  • Maintained substantial assets, with over $3 million remaining in 2023, providing a financial cushion.
  • Consistently reported 0% officer compensation, indicating a potential commitment to minimizing executive overhead.
  • Eliminated liabilities in 2023, reporting $0, a positive step in debt management.
  • Long filing history (13 filings) indicates consistent compliance with IRS reporting requirements.

Frequently Asked Questions about Mid Atlantic Technology Research And Innovation Center Inc

Is Mid Atlantic Technology Research And Innovation Center Inc a legitimate charity?

Mid Atlantic Technology Research And Innovation Center Inc (EIN: 200208597) is a registered tax-exempt nonprofit based in West Virginia. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $230K. 5 red flags identified. 5 strengths noted. Financial health grade: B.

How does Mid Atlantic Technology Research And Innovation Center Inc spend its money?

Mid Atlantic Technology Research And Innovation Center Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.

Are donations to Mid Atlantic Technology Research And Innovation Center Inc tax-deductible?

Mid Atlantic Technology Research And Innovation Center Inc is registered as a tax-exempt nonprofit (EIN: 200208597). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of Mid Atlantic Technology Research And Innovation Center Inc's spending goes to programs?

Mid Atlantic Technology Research And Innovation Center Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.

How does Mid Atlantic Technology Research And Innovation Center Inc compare to similar nonprofits?

With a transparency score of 65/100 (Good), Mid Atlantic Technology Research And Innovation Center Inc is above average for NTEE category U05 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Mid Atlantic Technology Research And Innovation Center Inc located?

Mid Atlantic Technology Research And Innovation Center Inc is headquartered in Hurricane, West Virginia and files with the IRS under EIN 200208597. It is classified under NTEE code U05.

How many years of IRS 990 filings does Mid Atlantic Technology Research And Innovation Center Inc have?

Mid Atlantic Technology Research And Innovation Center Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $230K in total revenue.

What caused the $-1,141,612 negative revenue in 2023?

The IRS 990 data for 2023 shows a significant negative revenue, which could be due to substantial returns of grants, major accounting adjustments, or a significant loss on investments. This drastic change from previous years' multi-million dollar revenues requires further investigation into the organization's financial statements.

Why did expenses drop to only $4,992 in 2023?

The dramatic reduction in expenses to less than $5,000 in 2023, compared to over $10 million in prior years, suggests a near-complete halt of operational activities or a significant restructuring. This aligns with the negative revenue reported for the same period.

Is the organization still actively pursuing its mission given the 2023 financial data?

The 2023 financial data, with negative revenue and minimal expenses, strongly suggests that the organization's operations were either severely curtailed or paused. It raises questions about its current capacity to fulfill its stated mission as a technology research and innovation center.

How does the organization sustain operations with 0% officer compensation reported?

The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this historical scale. It implies either that executive leadership is entirely volunteer-based, or that compensation falls below IRS reporting thresholds, which could be a strategy to minimize administrative costs.

What is the current status of the organization's substantial assets?

While assets decreased from $8,158,345 in 2022 to $3,109,570 in 2023, the organization still holds over $3 million in assets. Understanding the composition and liquidity of these assets is crucial, especially in light of the recent operational changes.

Filing History

IRS 990 filing history for Mid Atlantic Technology Research And Innovation Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mid Atlantic Technology Research And Innovation Center Inc's revenue has declined by 112%, moving from $9.5M to $-1,141,612. Total assets decreased by 12.3% over the same period, from $3.5M to $3.1M. Total functional expenses fell by 99.9%, from $9.0M to $5K.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $-1,141,612 $5K $3.1M $0 View 990
2022 $16.5M $15.8M $8.2M $3.9M View 990
2021 $16.3M $15.1M $5.3M $1.6M View 990
2020 $13.8M $13.9M $6.4M $5.1M View 990
2019 $14.9M $14.6M $5.5M $4.2M View 990
2018 $13.6M $13.9M $5.2M $4.0M View 990
2017 $10.4M $10.4M $4.3M $2.6M View 990
2016 $9.9M $9.2M $4.5M $3.0M View 990
2015 $9.7M $9.7M $3.7M $2.9M View 990
2014 $9.3M $9.1M $3.7M $3.0M View 990
2013 $10.4M $10.3M $4.7M $5.4M View 990
2012 $9.4M $8.7M $4.3M $4.8M View 990
2011 $9.5M $9.0M $3.5M $4.0M View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $-1,141,612, expenses of $5K, and assets of $3.1M (revenue -106.9% year-over-year).
  • 2022: Revenue of $16.5M, expenses of $15.8M, and assets of $8.2M (revenue +1.1% year-over-year).
  • 2021: Revenue of $16.3M, expenses of $15.1M, and assets of $5.3M (revenue +18.1% year-over-year).
  • 2020: Revenue of $13.8M, expenses of $13.9M, and assets of $6.4M (revenue -7.3% year-over-year).
  • 2019: Revenue of $14.9M, expenses of $14.6M, and assets of $5.5M (revenue +9.7% year-over-year).
  • 2018: Revenue of $13.6M, expenses of $13.9M, and assets of $5.2M (revenue +29.9% year-over-year).
  • 2017: Revenue of $10.4M, expenses of $10.4M, and assets of $4.3M (revenue +5.1% year-over-year).
  • 2016: Revenue of $9.9M, expenses of $9.2M, and assets of $4.5M (revenue +2.1% year-over-year).
  • 2015: Revenue of $9.7M, expenses of $9.7M, and assets of $3.7M (revenue +4.0% year-over-year).
  • 2014: Revenue of $9.3M, expenses of $9.1M, and assets of $3.7M (revenue -9.8% year-over-year).
  • 2013: Revenue of $10.4M, expenses of $10.3M, and assets of $4.7M (revenue +9.7% year-over-year).
  • 2012: Revenue of $9.4M, expenses of $8.7M, and assets of $4.3M (revenue -0.6% year-over-year).
  • 2011: Revenue of $9.5M, expenses of $9.0M, and assets of $3.5M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Mid Atlantic Technology Research And Innovation Center Inc:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Mid Atlantic Technology Research And Innovation Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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