Advantage Valley Inc
Advantage Valley Inc is a nonprofit economic development organization based in Charleston, West Virginia. It works with public, business, education, and nonprofit partners to strengthen the economy of the Charleston–Huntington region, which it identifies as nine West Virginia counties: Boone, Cabell, Clay, Jackson, Kanawha, Lincoln, Mason, Putnam, and Wayne.
Advantage Valley Inc at a glance
In short: Advantage Valley Inc gave $131K across 37 grants in 2024 (avg $4K), mostly in West Virginia. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $130,519
- -40.7% vs 2023
- Grants made (2024)
- 37
- +94.7% vs 2023
- Average grant
- $3,528
- -69.5% vs 2023
- Median grant
- $3,000
- Total assets
- $1,327,250
- +197.5% vs 2023
- Primary geography
- West Virginia (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026.
How to apply to Advantage Valley Inc
- How to Apply
-
For the Supplier Diversity Mini-Grants, submit an application for pre-approval. Applications are accepted on an ongoing basis until funding is exhausted. The program requires successful completion of the grant requirements, including obtaining certification within six months of pre-approval.
- Contact
Mailing address: PO Box 1925, Charleston, WV 25327
Phone: (304) 352-1165
Website: https://advantagevalley.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
3 open opportunities from Advantage Valley Inc
Business Certification Program
Advantage Valley Inc
Amount
Varies
Deadline
Deadline not published
Export Assistance Program
Advantage Valley Inc
Amount
Up to $5,000, with potential for $15,000 more through STEP Funding
Deadline
Deadline not published
Supplier Diversity Mini-Grants
Advantage Valley Inc
Amount
Up to $500 in reimbursable costs upon successful completion
Deadline
Deadline not published
Who Advantage Valley Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Wyoming County EDA ($19K). Together the top 10 received $67K.
Grant Size Distribution
56 grants across all recorded years
The most common grant size was under $50K: 55 grants of 56 (98%).
Geographic Focus
Where this funder awards grants
Advantage Valley identifies its regional work as covering Boone, Cabell, Clay, Jackson, Kanawha, Lincoln, Mason, Putnam, and Wayne Counties in West Virginia. The Supplier Diversity Mini-Grants are described as available statewide in West Virginia.
Grant Distribution by State
Share of 2024 grant dollars across all 37 itemized grants.
States
Cities
How Advantage Valley Inc gives
- 8% of 2024 grantees were also funded in 2023. Method
Estimate from itemized grant lists in IRS Form 990 filings (2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $9K (2021) to $220K (2023). In 2024 it made 37 grants totaling $131K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Wyoming County EDA Pineville, WV | Small business loans and management fees | $18,750 |
| Autumn Sky Charleston, WV | Faster WV minigrant Technical Assist | $5,994 |
| Bracket Sportz LLC Scott Depot, WV | Faster WV minigrant Technical Assist | $5,990 |
| Joe Public Press Limited Co Huntington, WV | Faster WV minigrant Technical Assist | $5,988 |
| E&H Manufacturing Charleston, WV | Expanding Markets Technical Assistance | $5,419 |
| Paddle AWave LLC Saint Albans, WV | FasterWV Technical Assistance | $5,000 |
| Okuno International Prichard, WV | Expanding Markets Technical Assistance | $5,000 |
| New River Brands LLC Barboursville, WV | Expanding Markets Technical Assistance | $5,000 |
| HealthPath Wellness Charleston, WV | FasterWV Technical Assistance | $5,000 |
| Dem 2 Brothers Charleston, WV | FasterWV Technical Assistance | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $1,327,250 | $1,155,154 | $1,210,435 | $130,519 | 37 | $2,000 |
| 2023 | $446,181 | $1,532,481 | $1,522,268 | $220,044 | 19 | — |
| 2022 | $219,100 | $935,048 | $999,452 | — | — | — |
| 2021 | $263,689 | $550,190 | $566,757 | $8,932 | Total only | — |
| 2020 | $73,847 | $427,212 | $389,979 | $38,312 | Total only | $1 |
| 2019 | $47,703 | $219,891 | $237,759 | $39,061 | Total only | $3 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
Advantage Valley’s stated mission is to grow economic opportunity for all residents of the Charleston–Huntington Metro area by increasing investment, leveraging resources, and building collaboration among community stakeholders.
Its stated program areas include business retention, entrepreneurial development, and regional marketing. Its website also describes technical assistance for businesses seeking new markets, including supply-chain assistance, economic gardening research, and export assistance. FASTER WV offers business coaching, entrepreneurship classes, technical assistance, mini-grants, and access to a revolving loan fund.
Grantmaking
In filing year 2024, Advantage Valley reported 37 grants totaling $130,519. Grants ranged from $300 to $18,750, with a median grant of $3,000. The largest listed grant was $18,750 to Wyoming County EDA in Pineville, West Virginia, for small business loans and management fees. Other listed grants included $5,994 to Autumn Sky for Faster WV minigrant technical assistance; $5,990 to Bracket Sportz LLC for the same purpose; $5,988 to Joe Public Press Limited Co for the same purpose; and $5,419 to E&H Manufacturing for expanding-markets technical assistance.
Advantage Valley’s website describes a Business Certification Program offering coaching, certification guidance, and financial assistance, with a goal of assisting 30 local businesses. It targets women, entrepreneurs of color, veterans, and growth-oriented business owners in nine specified West Virginia counties. A 2022 application form on the website also describes Supplier Diversity Mini-Grants, which reimburse up to $500 in certification costs for eligible women-owned, minority-owned, or disadvantaged businesses statewide. The published mini-grant process calls for an application for pre-approval; after pre-approval, applicants have six months to obtain certification and must complete the program requirements to qualify for reimbursement. A limited number of grants are available on a first-come basis.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Terrell Ellis as President & CEO, Wayne Morgan as Treasurer, and Dave Lieving as Vice President. It also lists Kelley Goes, Ashley Alford, Toney Stroud, Morganne Tenney, Amy Shuler Goodwin, L Allen Burner, and D Spencer Murphy as officers or directors.
Advantage Valley Inc is led by Terrell Ellis, President & CEO on the 2024 filing; 1 of 44 officers listed in 2024 is compensated.
Officers on the 2024 filing
Terrell Ellis
President & CEO
New on the 2024 filing
$146K (2024)
Robert Burton
President
Director → Vice President, 2021
Vice President → President, 2022
On filings since 2020
1 hr/week
No compensation reported
Ashley Alford
Affiliate
Director → Affiliate, 2022
On filings since 2019
1 hr/week
No compensation reported
Charlotte Weber
Partner
Director → Partner, 2022
On filings since 2019
1 hr/week
No compensation reported
D Spencer Murphy
Partner
Director → Partner, 2022
On filings since 2019
1 hr/week
No compensation reported
Dave Lieving
Vice President
Director → Vice President, 2022
On filings since 2019
1 hr/week
No compensation reported
Kelley Goes
Partner
President → Partner, 2022
On filings since 2019
1 hr/week
No compensation reported
L Allen Burner
Partner
Director → Partner, 2022
On filings since 2019
1 hr/week
No compensation reported
Mark Whitley
Partner
Director → Partner, 2022
On filings since 2019
1 hr/week
No compensation reported
Matt Wagner
Partner
Director → Partner, 2022
On filings since 2019
1 hr/week
No compensation reported
Rick Atkinson
Partner
Director → Partner, 2022
On filings since 2019
1 hr/week
No compensation reported
Wayne Morgan
Treasurer
Secretarytreasurer → Treasurer, 2021
On filings since 2019
1 hr/week
No compensation reported
Heather Vanater
Partner
Director → Partner, 2022
On filings since 2020
1 hr/week
No compensation reported
John Spoor
Partner
Director → Partner, 2022
On filings since 2020
1 hr/week
No compensation reported
John Stump
Secretary
Director → Secretary, 2021
On filings since 2020
1 hr/week
No compensation reported
Sean Simon
Partner
Director → Partner, 2022
On filings since 2020
1 hr/week
No compensation reported
Todd Hooker
Non Voting
Director → Non Voting, 2022
On filings since 2020
1 hr/week
No compensation reported
Joe Justice
Partner
Director → Partner, 2022
On filings since 2021
1 hr/week
No compensation reported
John Musgraves
Partner
Director → Partner, 2022
On filings since 2021
1 hr/week
No compensation reported
Amy Shuler Goodwin
Partner
On filings since 2022
1 hr/week
No compensation reported
Morganne Tenney
Partner
On filings since 2022
1 hr/week
No compensation reported
Steve Williams
Partner
On filings since 2022
1 hr/week
No compensation reported
Toney Stroud
Partner
On filings since 2022
1 hr/week
No compensation reported
Aaron Sporck
Partner
On filings since 2023
1 hr/week
No compensation reported
Adam Krason
Partner
On filings since 2023
1 hr/week
No compensation reported
Charles Dusic
Partner
On filings since 2023
1 hr/week
No compensation reported
Doug Skaff
Partner
On filings since 2023
1 hr/week
No compensation reported
Ericke Cage
Partner
On filings since 2023
1 hr/week
No compensation reported
Josh Baker
Partner
On filings since 2023
1 hr/week
No compensation reported
Nancy Bruns
Partner
On filings since 2023
1 hr/week
No compensation reported
Peter Markham
Partner
On filings since 2023
1 hr/week
No compensation reported
Thor Meeks
Partner
On filings since 2023
1 hr/week
No compensation reported
Amy Petry
Partner
New on the 2024 filing
1 hr/week
No compensation reported
Elton Hart
Partner
New on the 2024 filing
1 hr/week
No compensation reported
Ian Henry
Partner
New on the 2024 filing
1 hr/week
No compensation reported
James Brydie
Partner
New on the 2024 filing
1 hr/week
No compensation reported
Jim Crenshaw
Partner
New on the 2024 filing
1 hr/week
No compensation reported
Mara Boggs
Partner
New on the 2024 filing
1 hr/week
No compensation reported
Matthew Bond
Partner
New on the 2024 filing
1 hr/week
No compensation reported
Megan Archer
Partner
New on the 2024 filing
1 hr/week
No compensation reported
Paul White
Partner
New on the 2024 filing
1 hr/week
No compensation reported
Rebecca Polan
Affiliate
New on the 2024 filing
1 hr/week
No compensation reported
Rocky Young
Partner
New on the 2024 filing
1 hr/week
No compensation reported
Virgil Underwood
Partner
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (17)
- Former: John Fuller (2020–2023) — Affiliate
- Former: Cade Vogelsong (2021–2023) — Partner
- Former: Nicole Christian (2021–2023) — Partner
- Former: Tricia Ball (2022–2023) — Affiliate
- Former: Anne Barth (2019–2021) — Director
- Former: Bill Bissett (2019–2021) — Director
- Former: Cathy Burns (2019–2021) — Director
- Former: Layton Cottrill (2019–2021) — Director
- Former: W Marston Becker (2019–2021) — Director
- Former: Andrew Dunlap (2020–2021) — Director
- Former: Steve Hedrick (2019–2020) — Director
- Former: Steve Rubin (2020) — Director
- Former: Brian Bruce (2019) — Director
- Former: Chris Ferro (2019) — Director
- Former: Christopher Slaughter (2019) — Director
- Former: John Smolak (2019) — Director
- Former: Lake Polan III (2019) — Director
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $146K, to Terrell Ellis (President & CEO).
Frequently asked questions about Advantage Valley Inc
How much does Advantage Valley Inc give each year?
Advantage Valley Inc gave $131K across 37 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $220K across 19 grants.
What is Advantage Valley Inc's typical grant size?
Advantage Valley Inc's median grant in 2024 was $3,000, and its average grant was $3,528, across 37 grants on its 2024 IRS Form 990.
Where does Advantage Valley Inc give grants?
Advantage Valley Inc gives mostly in West Virginia: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Charleston, WV (16 grants), Huntington, WV (10 grants), Scott Depot, WV (2 grants) and Nitro, WV (2 grants).
Does Advantage Valley Inc give general operating support?
Not in 2024: none of the 37 grants with a stated purpose on Advantage Valley Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "FasterWV Technical Assistance" (13 grants), "Expanding Markets Technical Assistance" (12 grants) and "FasterWV Minigrant" (8 grants).
Who are Advantage Valley Inc's largest grantees?
Advantage Valley Inc's largest 2024 grantees include Wyoming County EDA ($18,750), Autumn Sky ($5,994) and Bracket Sportz LLC ($5,990), according to its 2024 IRS Form 990. Together they received 24% of its itemized 2024 grant dollars.
How large is Advantage Valley Inc?
Advantage Valley Inc reported $1.3M in total assets on its 2024 IRS Form 990. Its revenue that year was $1.2M.
What does Advantage Valley Inc fund?
Advantage Valley’s stated mission is to grow economic opportunity for all residents of the Charleston–Huntington Metro area by increasing investment, leveraging resources, and building collaboration among community stakeholders. See mission & focus areas ↑
How do I apply for a grant from Advantage Valley Inc?
For the Supplier Diversity Mini-Grants, submit an application for pre-approval. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Advantage Valley Inc's EIN?
Advantage Valley Inc's EIN (Employer Identification Number) is 55-0753467. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS July 10, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 1, 2022)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 11, 2025)
- IRS filings on file for fiscal years 2020–2024
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Advantage Valley Inc down — hundreds of funders to go?