Ohio Valley College Investment Corporation Inc in Vienna, West Virginia (WV)

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Ohio Valley College Investment Corporation Inc
Employer Identification Number (EIN)550540872
Name of OrganizationOhio Valley College Investment Corporation Inc
Address1 Campus View Dr, Vienna, WV 26105-8000
ActivitiesTitle holding corporation
SubsectionTitle Holding Corporation
Ruling Date08/1974
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$100,000 to $499,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$240,125
Amount of Income$572,193
Form 990 Revenue Amount$209,060

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$230,141
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$229,767
Gross sales of inventory, less returns and allowances$673,942
Less: cost of goods sold$444,175
Miscellaneous Revenue$374
Statement of Functional Expenses (for 2011)
Total functional expenses$316,666
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$157,903
Payroll taxes$12,702
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$247,960
Total liabilities$499,274
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$480,965
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$-251,314
Retained earnings, endowment, accumulated income, or other funds$-251,314
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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