Civic Intelligence

The Blacksburg Partnership

990 • Fiscal year 2018 • EIN 04-3765864

Jul 01, 2017 to Jun 30, 2018 • Filed on Dec 20, 2018

506 South Main StreetBlacksburg, VA 24060

(540) 443-2008

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Net Margin

66th percentile

10%

Higher net margin than 66% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Top Officer Pay

99th percentile

$112,575

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 26.6% of source-year revenue.

2018 filings • 501(c)4 • <$500k nonprofits • Source year 2018

Asset Growth

73rd percentile

14%

Faster asset growth than 73% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

77th percentile

17%

Faster revenue growth than 77% of similar nonprofits.

2018 filings • 501(c)4 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$343,297

Up $41,642 (+14%) from 2017

Net Assets

Up

$343,297

Up $43,945 (+15%) from 2017

Liabilities

Down

$0

Down $2,303 (-100%) from 2017

Revenue

Up

$422,527

Up $62,026 (+17%) from 2017

Expenses

Up

$378,578

Up $25,614 (+7.3%) from 2017

Net Income

Up

$43,949

Up $36,412 (+483%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $236,834Liabilities 2011: $1,819Net Assets 2011: $235,0152011Assets 2012: $245,900Liabilities 2012: $6,416Net Assets 2012: $239,4842012Assets 2013: $261,648Liabilities 2013: $271Net Assets 2013: $261,3772013Assets 2014: $280,548Liabilities 2014: $756Net Assets 2014: $279,7922014Assets 2015: $315,399Liabilities 2015: $7,114Net Assets 2015: $308,2852015Assets 2016: $293,389Liabilities 2016: $1,574Net Assets 2016: $291,8152016Assets 2017: $301,655Liabilities 2017: $2,303Net Assets 2017: $299,3522017Assets 2018: $343,297Liabilities 2018: $0Net Assets 2018: $343,2972018Assets 2019: $355,282Liabilities 2019: $0Net Assets 2019: $355,2822019Assets 2020: $345,867Liabilities 2020: $41,800Net Assets 2020: $304,0672020Assets 2021: $327,374Liabilities 2021: $600Net Assets 2021: $326,7742021Assets 2022: $227,521Liabilities 2022: $4,173Net Assets 2022: $223,3482022Assets 2023: $202,847Liabilities 2023: $2,614Net Assets 2023: $200,2332023Assets 2024: $191,493Liabilities 2024: $2,724Net Assets 2024: $188,7692024

Highlighted filing

2018

Assets$343,297
Liabilities$0
Net Assets$343,297

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $265,324Expenses 2011: $259,542Net Income 2011: $5,7822011Expenses 2012: $273,7722012Revenue 2013: $318,634Expenses 2013: $296,741Net Income 2013: $21,8932013Revenue 2014: $337,253Expenses 2014: $318,838Net Income 2014: $18,4152014Revenue 2015: $384,232Expenses 2015: $358,585Net Income 2015: $25,6472015Revenue 2016: $347,554Expenses 2016: $364,024Net Income 2016: -$16,4702016Revenue 2017: $360,501Expenses 2017: $352,964Net Income 2017: $7,5372017Revenue 2018: $422,527Expenses 2018: $378,578Net Income 2018: $43,9492018Revenue 2019: $392,215Expenses 2019: $380,230Net Income 2019: $11,9852019Revenue 2020: $295,054Expenses 2020: $346,271Net Income 2020: -$51,2172020Revenue 2021: $291,122Expenses 2021: $268,415Net Income 2021: $22,7072021Revenue 2022: $197,444Expenses 2022: $300,870Net Income 2022: -$103,4262022Revenue 2023: $243,978Expenses 2023: $267,093Net Income 2023: -$23,1152023Revenue 2024: $308,696Expenses 2024: $320,160Net Income 2024: -$11,4642024

Highlighted filing

2018

Revenue$422,527
Expenses$378,578
Net Income$43,949
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Dec 20, 2018
Return Version
2017v2.3
Gross Receipts
$422,527
Mission and Program Overview

Mission

The blacksburg partnership is a non-profit, independent economic development organization formed by the town, business and university communities. The purpose is to bolster the vitality of blacksburg through projects that attract visitors and retail prospects.

To create and promote projects that will increase awareness and interest in blacksburg, virginia

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$227,740$229,806▲ $2,066
Cash and Non-Interest-Bearing Accounts$71,278$111,071▲ $39,793
Land, Buildings, and Equipment, Net$2,637$2,420▼ $217
Total Assets$301,655$343,297▲ $41,642
Liabilities
Accounts Payable and Accrued Expenses$2,303$0▼ $2,303
Total Liabilities$2,303$0▼ $2,303
Net Assets / Fund Balance
Unrestricted Net Assets$299,352$343,297▲ $43,945
Total Net Assets Fund Balance$299,352$343,297▲ $43,945
Total Liabilities and Net Assets / Fund Balance$301,655$343,297▲ $41,642

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,420$11,728$14,148
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Diane AkersPresidentFT$112,575$112,575

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$136,500
Program Service Revenue
$240,677
Investment Income
$850
Other Revenue
$44,500
All Other Contributions
$136,500
Change in Net Assets
$43,949
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$207,727
Other Expenses$170,851
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$89,229$15,746-$104,975
Other Salaries and Wages$45,440$7,915-$53,355
Other Employee Benefits$19,596$3,458-$23,054
Payroll Taxes$11,474$2,025-$13,499
Pension Plan Contributions$10,917$1,927-$12,844
Occupancy-$11,684-$11,684
All Other Expenses$2,400$5,615-$8,015
Advertising$6,680--$6,680
Other Expenses$5,366--$5,366
Fees for Services Accounting-$3,810-$3,810
Office Expenses$1,414$1,414-$2,828
Insurance-$2,707-$2,707
Depreciation Depletion-$1,095-$1,095
Fees for Services Legal-$250-$250
Conferences and Meetings$214--$214
Total Functional Expenses$320,932$57,646$0$378,578
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The blacksburg partnership has a board of directors comprised of 30 voting members.

Form 990, Part VI, Section A, Line 7A

The blacksburg partnership has a board of directors comprised of 30 voting members.

Form 990, Part VI, Section A, Line 8B

The organization does not have any committees with authority to act on behalf of the board.

Form 990, Part VI, Section B, Line 11B

The 990 is given to the chairman and president to be signed and reviewed before it is filed.

Form 990, Part VI, Section B, Line 11B

The 990 is given to the chairman and president to be signed and reviewed before it is filed.

Form 990, Part VI, Section B, Line 15

The executive committee does a formal review and determines annual salary adjustments.

Form 990, Part VI, Section C, Line 18

These documents are available upon request.

Form 990, Part VI, Section C, Line 19

These documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Blacksburg Partnership
EIN
04-3765864
Phone
5404432008
Address
506 SOUTH MAIN STREET, BLACKSBURG, VA 24060

Signing Officer

Name
Diane S Akers
Title
President
Phone
5404432008
Signed
2018-12-20

Organization Details

Principal Officer
Diane S Akers
Formed
2003
Legal Domicile
Va
Voting Board Members
30
Independent Board Members
30
Employees
4
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
1715 PRATT DRIVE STE 2700, BLACKSBURG, VA 24060
Preparer
James C Dunn
Phone
5404433606
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -4.

Financial Statement Notes

PART X, LINE 2:

Part x, line 2: financial statements did not disclose any uncertain tax positions.

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IRS990/Desc0PROMOTE THE ECONOMIC DEVELOPMENT OF THE TOWN OF BLACKSBURG, VA MARKETING, PROMOTIONAL PROGRAMS, SPECIAL EVENTS, DEVELOPMENT OF PROPERTY, AND THE REVITALIZATION OF RETAIL DISTRICTS.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt230
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt240
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt29112575
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt22CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02003
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt030
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0422527
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt030
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02707
IRS990/InsuranceGrp/TotalAmt02707
IRS990/InvestmentIncomeGrp/ExclusionAmt0850
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0850
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt011728
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02637
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02420
IRS990/LandBldgEquipCostOrOtherBssAmt014148
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE BLACKSBURG PARTNERSHIP IS A NON-PROFIT, INDEPENDENT ECONOMIC DEVELOPMENT ORGANIZATION FORMED BY THE TOWN, BUSINESS AND UNIVERSITY COMMUNITIES. THE PURPOSE IS TO BOLSTER THE VITALITY OF BLACKSBURG THROUGH PROJECTS THAT ATTRACT VISITORS AND RETAIL PROSPECTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0299352
IRS990/NetAssetsOrFundBalancesEOYAmt0343297
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt011684
IRS990/OccupancyGrp/TotalAmt011684
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01414
IRS990/OfficeExpensesGrp/ProgramServicesAmt01414
IRS990/OfficeExpensesGrp/TotalAmt02828
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt0-4
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03458
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt019596
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023054
IRS990/OtherExpensesGrp/Desc0BLACKSBURG BREW DO FEST
IRS990/OtherExpensesGrp/Desc1BLACKSBURG FORK & CORK
IRS990/OtherExpensesGrp/Desc2PASSENGER RAIL EXPENSE
IRS990/OtherExpensesGrp/Desc3CHEESE FESTIVAL
IRS990/OtherExpensesGrp/ProgramServicesAmt058834
IRS990/OtherExpensesGrp/ProgramServicesAmt136622
IRS990/OtherExpensesGrp/ProgramServicesAmt232746
IRS990/OtherExpensesGrp/ProgramServicesAmt35366
IRS990/OtherExpensesGrp/TotalAmt058834
IRS990/OtherExpensesGrp/TotalAmt136622
IRS990/OtherExpensesGrp/TotalAmt232746
IRS990/OtherExpensesGrp/TotalAmt35366
IRS990/OtherOrganizationDsc0FOUNDATION
IRS990/OtherRevenueMiscGrp/BusinessCd0485000
IRS990/OtherRevenueMiscGrp/Desc0PASSENGER RAIL
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt044500
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt044500
IRS990/OtherRevenueTotalAmt044500
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt07915
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt045440
IRS990/OtherSalariesAndWagesGrp/TotalAmt053355
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02025
IRS990/PayrollTaxesGrp/ProgramServicesAmt011474
IRS990/PayrollTaxesGrp/TotalAmt013499
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01927
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt010917
IRS990/PensionPlanContributionsGrp/TotalAmt012844
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DIANE S AKERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/BusinessCd1711300
IRS990/ProgramServiceRevenueGrp/BusinessCd2711300
IRS990/ProgramServiceRevenueGrp/BusinessCd3711300
IRS990/ProgramServiceRevenueGrp/Desc0BLACKSBURG FORK & CORK
IRS990/ProgramServiceRevenueGrp/Desc1BLACKSBURG BREW DO FES
IRS990/ProgramServiceRevenueGrp/Desc2VIRGINIA CHEESE FESTIV
IRS990/ProgramServiceRevenueGrp/Desc3BLACKSBURG RESTAURANT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0130797

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.91$0.03$1.89$3.09$3.20$0.11
2023Detailed filing. Detailed filing data is available for this year.$2.03$0.03$2.00$2.44$2.67$0.23
2022Detailed filing. Detailed filing data is available for this year.$2.28$0.04$2.23$1.97$3.01$1.03
2021Detailed filing. Detailed filing data is available for this year.$3.27$0.01$3.27$2.91$2.68$0.23
2020Detailed filing. Detailed filing data is available for this year.$3.46$0.42$3.04$2.95$3.46$0.51
2019Detailed filing. Detailed filing data is available for this year.$3.55$0.00$3.55$3.92$3.80$0.12
2018Detailed filing. Detailed filing data is available for this year.$3.43$0.00$3.43$4.23$3.79$0.44
2017Detailed filing. Detailed filing data is available for this year.$3.02$0.02$2.99$3.61$3.53$0.08
2016Detailed filing. Detailed filing data is available for this year.$2.93$0.02$2.92$3.48$3.64$0.16
2015Detailed filing. Detailed filing data is available for this year.$3.15$0.07$3.08$3.84$3.59$0.26
2014Detailed filing. Detailed filing data is available for this year.$2.81$0.01$2.80$3.37$3.19$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.62$0.00$2.61$3.19$2.97$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.46$0.06$2.39$2.74
2011Summary only. Only limited summary data is available for this year.$2.37$0.02$2.35$2.65$2.60$0.06