2023-05-15T14:06:22-05:00 2022-12-31 550538163 SUTTLE & STALNAKER PLLC 1411 VIRGINIA ST E STE 100 CHARLESTON WV 25301 990 2022-01-01 200208597 MID ATLANTIC TECHNOLOGY RESEARCH & INNOVATION CENTER INC MIDA 8006112296 PO BOX 1034 HURRICANE WV 25526 WILLIAM B GOODE CHAIRMAN 3045417640 2023-05-12 1 WILLIAM GOODE 999009999 0 WALLACE F SUTTLE II CPA P00050161 3043434126 2023-05-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X WILLIAM B GOODE PO BOX 1034 HURRICANE WV 25526 16458293 0 X MATRICWV.ORG X 2003 WV CHARITABLE, SCIENTIFIC, AND EDUCATIONAL RESEARCH AND ECONOMIC DEVELOPMENT 3 3 94 9 0 0 1263634 1193157 13839258 15071575 1156474 712 15465 192849 16274831 16458293 0 0 0 0 9325328 9452375 0 0 0 5734305 6371959 15059633 15824334 1215198 633959 5287778 8158345 1637144 3902171 3650634 4256174 TO PROVIDE THE GREATER KANAWHA VALLEY AREA OF WEST VIRGINIA CHARITABLE, SCIENTIFIC, AND EDUCATIONAL RESEARCH WHICH CAN BE UTILIZED TO FOSTER ECONOMIC DEVELOPMENT. 0 0 13059257 15071575 SERVICE OUTPUT: TO HELP REVITALIZE INDUSTRY WITHIN THE GEOGRAPHIC AREA. POPULATION SERVED: 100,000 13059257 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 1 24 0 1 94 1 1 1 0 0 0 0 0 0 0 0 0 X 3 3 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 0 0 X X WILLIAM B GOODE 3045417640 PO BOX 1034 HURRICANE WV 25526 STEVEN B HEDRICK PRESIDENT/ CEO/CHAIRMAN PART YEAR 40.00 X X 643864 0 32625 JOHN MIESNER SECRETARY 20.00 X X 399159 0 28469 DONALD SUPCOE AUDIT CHAIR 1.00 X 0 0 0 PAUL ARBOGAST DIRECTOR 1.00 X 0 0 0 WILLIAM B GOODE CHAIRMAN PART YEAR 1.00 X X 0 0 0 STEPHEN E KAWASH DIRECTOR 1.00 X 0 0 0 BOB WELTY DIRECTOR 1.00 X 0 0 0 STEPHEN M WOOMER TREASURER 1.00 X X 0 0 0 DR PARVEZ WADIA DIRECTOR 24.50 X 0 0 0 JOHN H JARRETT DIRECTOR 1.00 X 0 0 0 JIM UNDERHILL DIRECTOR 1.00 X 0 0 0 ELTON BOND CAO/CFO 40.00 X X 283504 0 27979 JOHN P DEVER CHIEF TECHNOLOGY OFFICER 40.00 X X 321602 0 23248 BERNARD D DOMBEK KEY EMPLOYEE 40.00 X 200012 0 6068 MARK A DEHLIN KEY EMPLOYEE 40.00 X 178764 0 26552 JEFFREY G HIPPLER KEY EMPLOYEE 40.00 X 165871 0 20400 ROBERT E NUNLEY KEY EMPLOYEE 40.00 X 167927 0 26435 LLOYD M BURGESS HIGHLY COMPENSATED EMPLOYE 40.00 X 149690 0 11970 MARK A NUNLEY HIGHLY COMPENSATED EMPLOYE 40.00 X 146312 0 25773 RAYMOND ROOKS HIGHLY COMPENSATED EMPLOYE 40.00 X 140247 0 25619 GLENN K GRAHAM HIGHLY COMPENSATED EMPLOYE 40.00 X 154316 0 3422 JEREMY RADER HIGHLY COMPENSATED EMPLOYE 40.00 X 136243 0 25393 3087511 0 283953 22 0 1 0 0 1152523 40634 40634 1193157 CONTRACTS 541900 13359733 13359733 GOVERNMENT CONTRACTS 541900 1711842 1711842 15071575 712 712 INTERCOMPANY INCOME NOT SUBJECT 5 541900 191915 191915 OTHER INCOME 541900 934 934 192849 16458293 15071575 0 193561 1760450 343520 1416930 6224532 6224532 160434 142508 17926 798259 131226 667033 508700 402379 106321 110771 110771 120729 120729 525261 525261 21844 21844 161879 153861 8018 826212 826212 1268028 1089416 178612 95277 64335 30942 124771 87255 37516 48435 48435 391444 391444 137052 137052 PROJECT SUPPLIES 1992919 1992919 REPAIRS & MAINTENANCE 69502 69502 BAD DEBT EXPENSE 63849 63849 START UP COSTS 30537 30537 383449 383449 15824334 13059257 2765077 0 856830 1197127 1617751 2016653 354755 333825 4638129 1743729 2396105 2894400 62337 109890 0 1606450 5287778 8158345 1292390 1344338 85000 409158 773815 1111486 -514061 1037189 1637144 3902171 X 0 0 0 0 3650634 4256174 3650634 4256174 5287778 8158345 X 633959 -28419 X X 0 1 X 1 0 X 13544150 14658320 13777142 15117265 16456647 73553524 13544150 14658320 13777142 15117265 16456647 73553524 73553524 1740 251225 2618 1156474 712 1412769 8068 4600 5801 1092 934 20495 74986788 0.98090 0.97920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1600045 467993 1132052 3038084 1275736 1762348 2894400 OPERATING LEASE RIGHT-OF-USE ASSETS 1606450 1606450 DEFICIENCY IN SUBSIDIARIES -572553 DEFERRED COMPENSATION 3292 OPERATING LEASE OBLIGATION 1606450 1037189 X PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2022, MATRIC HAS NO MATERIAL UNCERTAIN TAX POSITIONS TO BE ACCOUNTED FOR IN THE FINANCIAL STATEMENTS UNDER PROFESSIONAL STANDARDS. MATRIC RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. THE COMPANY RETURNS FOR YEARS ENDING ON OR AFTER DECEMBER 31, 2019 REMAIN SUBJECT TO EXAMINATION. 1 X X 0 0 0 0 0 1 0 0 0 STEVEN B HEDRICK PRESIDENT/ CEO/CHAIRMAN PART YEAR 643864 0 0 0 0 0 12060 0 20565 0 676489 0 0 0 JOHN MIESNER SECRETARY 399159 0 0 0 0 0 7427 0 21042 0 427628 0 0 0 JOHN P DEVER CHIEF TECHNOLOGY OFFICER 321602 0 0 0 0 0 8108 0 15140 0 344850 0 0 0 ELTON BOND CAO/CFO 283504 0 0 0 0 0 6937 0 21042 0 311483 0 0 0 BERNARD D DOMBEK KEY EMPLOYEE 200012 0 0 0 0 0 5368 0 700 0 206080 0 0 0 MARK A DEHLIN KEY EMPLOYEE 178764 0 0 0 0 0 5510 0 21042 0 205316 0 0 0 ROBERT E NUNLEY KEY EMPLOYEE 167927 0 0 0 0 0 5393 0 21042 0 194362 0 0 0 JEFFREY G HIPPLER KEY EMPLOYEE 165871 0 0 0 0 0 5260 0 15140 0 186271 0 0 0 MARK A NUNLEY HIGHLY COMPENSATED EMPLOYE 146312 0 0 0 0 0 4731 0 21042 0 172085 0 0 0 RAYMOND ROOKS HIGHLY COMPENSATED EMPLOYE 140247 0 0 0 0 0 4577 0 21042 0 165866 0 0 0 LLOYD M BURGESS HIGHLY COMPENSATED EMPLOYE 149690 0 0 0 0 0 4629 0 7341 0 161660 0 0 0 JEREMY RADER HIGHLY COMPENSATED EMPLOYE 136243 0 0 0 0 0 4351 0 21042 0 161636 0 0 0 GLENN K GRAHAM HIGHLY COMPENSATED EMPLOYE 154316 0 0 0 0 0 2590 0 832 0 157738 0 0 0 PART I, LINE 6 THE CEO'S CONTRACT CALLS FOR A BONUS TO BE PAID ON THE BUSINESS PERFORMANCE AND GOALS AS ESTABLISHED BY THE BOARD; WHICH INCLUDES GROWTH OF THE ORGANIZATION. X FIXED ASSETS 1 40634 FMV AT TIME OF DONAT 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE SIGNIFICANT MODIFICATIONS WERE: LIMITS ON THE BOARD'S ACTIVE MANAGEMENT OF THE COMPANY; FIXING THE NUMBERS OF DIRECTORS TO THREE (3); DELEGATION OF EXECUTIVE AUTHORITY AND OPERATIONAL CONTROL FOR THE DAILY AND INTERMEDIATE AFFAIRS OF THE COMPANY TO A BOARD OF MANAGEMENT CONSISTING OF THE CEO, CFO, CTO AND CORPORATE SECRETARY / GENERAL COUNSEL; AND SUSPENDING THE POSITION OF TREASURER. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE RECEIVES A COPY OF FORM 990 FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REQUIRES MEMBERS TO COMPLY WITH THEIR CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION HAS A COMMITTEE FOR EXECUTIVE COMPENSATION WHICH DETERMINES THE CEO'S BONUS AND/OR INCREASE IN COMPENSATION AND ALSO APPROVES HIS RECOMMENDATION FOR THE SENIOR MANAGEMENT TEAM. FORM 990, PART VI, SECTION C, LINE 18 ANYONE CAN LOG ONTO GUIDESTAR.ORG TO REVIEW COPIES OF THE 990 OR A COPY CAN BE REQUESTED FROM THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE IT'S GOVERNING DOCUMENTS OR FINANCIAL STATEMENT AVAILABLE TO THE GENERAL PUBLIC UNLESS THE DOCUMENTS ARE REQUIRED TO BE INCLUDED WITH OTHER DOCUMENTS MADE AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART XI, LINE 9: CURRENT YEAR GAIN NONCONTROLLING INTERESTS -474. INCOME FROM SUBSIDIARES -27,674. NONCONTROLLING OWNERSHIP INTEREST ADG -271. FORM 990, PART XII, LINE 2C: THE AUDIT SELECTION PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. APPALACHIA DEVELOPMENT GROUP LLC PO BOX 8396 SOUTH CHARLESTON WV 25303 384044159 HOLDS RIGHTS AND INTELLECTUAL PROPERTY FOR TWO PROJECTS WV 200806 19488 MID ATLANTIC TECHNOLOGY RESEARCH & INNOVATION CENTER MID ATLANTIC HOLDINGS INC PO BOX 8396 SOUTH CHARLESTON WV 25303 571192664 LABORATORY/CHEMICAL TESTING WV MID ATLANTIC TECHNOLOGY RESEARCH & INNOVATION CENTER C 41 356568 0.97000 0 MID-ATLANTIC TECHNICAL ENGINEERING INC PO BOX 8396 SOUTH CHARLESTON WV 25303 261944403 CONSULTING ENGINEERING WV MID ATLANTIC TECHNOLOGY RESEARCH & INNOVATION CENTER C 255 239758 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 MID-ATLANTIC TECHNOLOGY ENGINEERING INC O 0 ALLOCATION OVERHEAD MID-ATLANTIC TECHNOLOGY ENGINEERING INC N 0 EXPENSE REIMBURSEMENT MID-ATLANTIC TECHNOLOGY ENGINEERING INC R 12950 INTERCOMPANY EXPENSE MID-ATLANTIC TECHNOLOGY ENGINEERING INC S 16835 INTERCOMPANY REVENUE