Marshall University Research Corporation
94% goes to programs $1 to raise $100 Strong reserves Growing revenue
Marshall University Research Corporation is a 501(c)(3) organization based in Huntington, West Virginia, registered in 2010, with $75,676,338 in FY2023 revenue. CharityIndex grades it A, and it directs about 94% of spending to programs.
1 John Marshall Dr, Huntington, WV, 25755 EIN 55-0683361 Since 2010
Revenue (FY2023)
$75.7M
▲ 22.9% vs prior year
Community median: $184K
Expenses (FY2023)
$66.3M
Net assets
$54.8M
Employees
811
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating94% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Marshall University Research Corporation: 94% to programs · $1 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +12% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Marshall University Research Corporation: 10 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Marshall University Research Corporation: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Marshall University Research Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Charitable education and scientific research
Contact & location
- Address
- 1 John Marshall Dr, Huntington, WV, 25755
- City
- Huntington
- State
- West Virginia
- Subcategory
- Economic Development
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $36.4M (FY2013) to $75.7M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $20.4MNet assets $54.8M
Operating margin
12.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$75.2M
Total liabilities
$20.4M
Net assets
$54.8M
Salaries & benefits
$36.7M
55% of expenses
Board members
16
2 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $75,676,338▲22.9% | $66,279,427▲8.9% | $54,818,798▲20.7% | $75,248,125▲7.6% | 990 |
| 2022 | $61,567,325▲10.0% | $60,881,644▲9.1% | $45,421,887▲1.5% | $69,950,636▲5.1% | 990 |
| 2021 | $55,976,007▲0.7% | $55,779,707▲17.0% | $44,736,206▲0.4% | $66,524,780▲0.3% | 990 |
| 2020 | $55,595,334▲35.4% | $47,675,471▲7.5% | $44,539,906▲16.3% | $66,297,155▲17.5% | 990 |
| 2019 | $41,051,738▲15.4% | $44,351,236▲16.6% | $38,305,295▼7.9% | $56,401,232▲8.5% | 990 |
| 2018 | $35,572,518▲4.9% | $38,047,343▲0.8% | $41,604,793▼5.6% | $51,974,196▼3.7% | 990 |
| 2017 | $33,895,776▼7.0% | $37,742,982▲1.3% | $44,079,618▼8.0% | $53,962,761▼5.7% | 990 |
| 2016 | $36,438,588▲10.8% | $37,240,800▲0.7% | $47,926,824▼1.6% | $57,224,127▼1.5% | 990 |
| 2015 | $32,872,758▼4.1% | $36,998,186▲0.2% | $48,729,036▼7.8% | $58,085,712▼6.7% | 990 |
| 2014 | $34,278,084▼5.8% | $36,923,505▼1.8% | $52,854,464▼4.8% | $62,250,338▼5.8% | 990 |
| 2013 | $36,379,519 | $37,594,732▼3.8% | $55,499,885▼2.1% | $66,093,997▼1.4% | 990 |
| 2012 | — | $39,070,463▼1.8% | $56,715,098▲6.8% | $67,031,694▲7.3% | 990 |
| 2011 | — | $39,798,583▼17.3% | $53,089,826▼0.4% | $62,498,666▼2.7% | 990 |
| 2010 | — | $48,099,846▲9.6% | $53,287,862▲29.5% | $64,213,895▲24.8% | 990 |
| 2009 | — | $43,897,210 | $41,152,629 | $51,447,999 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Robert Plymale — $178,050 (0.27% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Plymale | Associate Vp For Economic Dev | 37.5 | $178,050 |
| Avi Mukherjee | Vice Chair | 0 | — |
| Beth Hammers | Board Member | 0 | — |
| Brad Smith | Chair | 0 | — |
| Brandi Jacob-jones | Board Member | 0 | — |
| Brandon Dennison | Board Member | 0 | — |
| Charlotte Weber | Board Member | 0 | — |
| Chris Plybon | Board Member | 0 | — |
| David Dampier | Board Member | 0 | — |
| David Gozal | Board Member | 0 | — |
| John Maher | Board Member | 37.5 | — |
| Matt Tidd | Board Member | 0 | — |
| Michael Castellani | Board Member | 0 | — |
| Nadja Spitzer | Board Member | 0 | — |
| Toney Stroud | Secretary | 0 | — |
| Uma Sundaram | Board Member | 0 | — |
| Wesley Stites | Board Member | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Stites and Harbison Pllc | Legal Patent Services | $311,880 |
| Robert Hoyt | Veterinary Services | $247,523 |
| Sodexo America LLC | Food Service and Facilities Management | $104,243 |
Grants received · $24.6M total
38 grants to Marshall University Research Corporation totaling $24.6M, reported by foundations on their Schedule I filings — showing the 15 most recent.
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Compare Marshall University Research Corporation
Frequently asked questions
- Is Marshall University Research Corporation a legitimate nonprofit?
- Yes. Marshall University Research Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 55-0683361, based in Huntington, West Virginia. Donations are tax-deductible.
- What is Marshall University Research Corporation's EIN?
- Marshall University Research Corporation's Employer Identification Number (EIN) is 55-0683361.
- How much revenue does Marshall University Research Corporation report?
- Marshall University Research Corporation reported $75,676,338 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Marshall University Research Corporation's spending goes to programs?
- Marshall University Research Corporation spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Marshall University Research Corporation have?
- CharityIndex grades Marshall University Research Corporation A, based on program efficiency and fundraising cost.
- How much does Marshall University Research Corporation's highest-paid employee make?
- The highest reported compensation on Marshall University Research Corporation's latest Form 990 is $178,050, paid to Robert Plymale (Associate Vp For Economic Dev).
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Data for Marshall University Research Corporation (EIN 55-0683361) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.