Civic Intelligence

The Roanoke-Blacksburg Innovation

EIN 46-2975294 • 501(c)3 • Blacksburg, VA

Profile

The organization supports the region by connecting, communicating, and collaborating with stakeholders to grow and strengthen our innovation econcomy.

2200 Kraft Drive 1350Blacksburg, VA 24060

valleysinnovation.org; vergeva.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

44th percentile

0.04x

Higher debt load relative to assets than 44% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.05x

Higher debt load relative to revenue than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

3rd percentile

-103%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

81st percentile

$146,118

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 14.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

5th percentile

-41%

Faster asset growth than 5% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-73%

Faster revenue growth than 2% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets44th percentile

Assets

Down

$1,433,545

Down $983,551 (-41%) from 2023

Liabilities

Up

$52,926

Up $10,679 (+25%) from 2023

Net Assets

Down

$1,380,619

Down $994,230 (-42%) from 2023

Operations
Liabilities / Revenue45th percentileNet Margin3rd percentile

Revenue

Down

$983,798

Down $2,673,191 (-73%) from 2023

Expenses

Up

$1,998,028

Up $461,330 (+30%) from 2023

Net Income

Down

-$1,014,230

Down $3,134,521 (-148%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth5th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2014: $34,419Liabilities 2014: $0Net Assets 2014: $34,4192014Assets 2015: $59,454Liabilities 2015: $0Net Assets 2015: $59,4542015Assets 2016: $87,645Liabilities 2016: $1,650Net Assets 2016: $85,9952016Assets 2017: $102,539Liabilities 2017: $1,163Net Assets 2017: $101,3762017Assets 2018: $56,407Liabilities 2018: $5,037Net Assets 2018: $51,3702018Assets 2019: $52,359Liabilities 2019: $2,338Net Assets 2019: $50,0212019Assets 2020: $92,272Liabilities 2020: $37,541Net Assets 2020: $54,7312020Assets 2021: $486,721Liabilities 2021: $111,197Net Assets 2021: $375,5242021Assets 2022: $250,605Liabilities 2022: $42,499Net Assets 2022: $208,1062022Assets 2023: $2,417,096Liabilities 2023: $42,247Net Assets 2023: $2,374,8492023Assets 2024: $1,433,545Liabilities 2024: $52,926Net Assets 2024: $1,380,6192024

Highlighted filing

2024

Assets$1,433,545
Liabilities$52,926
Net Assets$1,380,619
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2014: $133,342Expenses 2014: $98,923Net Income 2014: $34,4192014Revenue 2015: $77,711Expenses 2015: $52,676Net Income 2015: $25,0352015Revenue 2016: $65,100Expenses 2016: $38,559Net Income 2016: $26,5412016Revenue 2017: $49,737Expenses 2017: $34,356Net Income 2017: $15,3812017Revenue 2018: $266,798Expenses 2018: $307,913Net Income 2018: -$41,1152018Revenue 2019: $367,553Expenses 2019: $368,902Net Income 2019: -$1,3492019Revenue 2020: $362,633Expenses 2020: $357,923Net Income 2020: $4,7102020Revenue 2021: $949,408Expenses 2021: $628,615Net Income 2021: $320,7932021Revenue 2022: $698,775Expenses 2022: $984,884Net Income 2022: -$286,1092022Revenue 2023: $3,656,989Expenses 2023: $1,536,698Net Income 2023: $2,120,2912023Revenue 2024: $983,798Expenses 2024: $1,998,028Net Income 2024: -$1,014,2302024

Highlighted filing

2024

Revenue$983,798
Expenses$1,998,028
Net Income-$1,014,230
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,433,545
Liabilities
$52,926
Net assets
$1,380,619
Revenue
$983,798
Expenses
$1,998,028
Net income
-$1,014,230
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.43$0.05$1.38$0.98$2.00$1.01
2023Detailed filing. Detailed filing data is available for this year.$2.42$0.04$2.37$3.66$1.54$2.12
2022Detailed filing. Detailed filing data is available for this year.$0.25$0.04$0.21$0.70$0.98$0.29
2021Detailed filing. Detailed filing data is available for this year.$0.49$0.11$0.38$0.95$0.63$0.32
2020Detailed filing. Detailed filing data is available for this year.$0.09$0.04$0.05$0.36$0.36$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.37$0.37$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.05$0.27$0.31$0.04
2017Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.05$0.03$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.07$0.04$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$0.08$0.05$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.13$0.10$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 8, 2025
Return Version
2024v5.1
Gross Receipts
$983,798
Mission and Program Overview

Mission

To develop an innovation ecosystem in the Roanoke and New River Valleys.

The organization supports the region by connecting, communication, and collaborating with stakeholders to grow and strengthen our innovation economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,109,984$1,077,322▼ $1,032,662
Pledges and Grants Receivable$299,544$352,174▲ $52,630
Prepaid Expenses and Deferred Charges$7,568--
Accounts Receivable-$4,049-
Total Assets$2,417,096$1,433,545▼ $983,551
Liabilities
Accounts Payable and Accrued Expenses$42,247$52,926▲ $10,679
Total Liabilities$42,247$52,926▲ $10,679
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,974,946$1,146,861▼ $828,085
Net Assets Without Donor Restrictions$399,903$233,758▼ $166,145
Total Net Assets Fund Balance$2,374,849$1,380,619▼ $994,230
Total Liabilities and Net Assets / Fund Balance$2,417,096$1,433,545▼ $983,551
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Erin BurchamPresidentFT$146,118$146,118

Board Members and Trustees

NameTitle
Amy AnkrumOFFICER: CO-CHAIR, EXECUTIVE COMMITTEE
Jeff SmithOFFICER: CO-CHAIR, EXECUTIVE COMMITTEE
Aileen HelselGeneral Director
Art EspeyGeneral Director
Brian Soller PhdGeneral Director
Cheryl GiggettsGeneral Director
Clark WorthyGeneral Director
Elizabeth McclanahanGeneral Director
Grant BrewerGeneral Director
Henry BassGeneral Director
James RameyGeneral Director
John Capps PhdGeneral Director
John NewbyGeneral Director
John Rainone PhdGeneral Director
Joseph BeneventoGeneral Director
Kim SnyderGeneral Director
Marjorie TenzerGeneral Director
Michael Friedlander PhdGeneral Director
Nick ConteGeneral Director
Pat Huber PhdGeneral Director
Rob DayGeneral Director
Rob SanchezGeneral Director
Robert Sandel PhdGeneral Director
Steve CritchfieldGeneral Director
W Heywood FralinGeneral Director
Angela Joyner PhdExecutive Member
David CatalanoExecutive Member
Eddie AmosExecutive Member
Harvey BrookinsExecutive Member
Jeff MerrittExecutive Member
Kathy ClaytorExecutive Member
Kevin BloomfieldExecutive Member
Marty MuscatelloExecutive Member
Micah AlmondExecutive Member
Patrick PattersonExecutive Member
Russ EllisExecutive Member
Daniel SummerlinOFFICER: SECRETARY, EXECUTIVE COMMITTEE
Justin YalungOFFICER: TREASURER, EXECUTIVE COMMITTEE
Revenue and Support

Revenue Composition

Contributions and Grants
$919,269
Program Service Revenue
$51,594
Investment Income
$12,935
Other Revenue
$0
All Other Contributions
$463,320
Change in Net Assets
$-1,014,230

Audited Revenue Reconciliation

Revenue per Audited Statements
$983,798
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$163,098
Total Revenue per Audited Statements
$1,146,896
Total Revenue per Form 990
$983,798
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,270,261
Salaries, Compensation, and Employee Benefits$727,767
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$477,263$98,010-$575,273
Other Employee Benefits$65,649$40,354-$106,003
Payroll Taxes$43,494$2,997-$46,491
Other Expenses$33,568$8,923-$42,491
Travel$32,385$4,879-$37,264
Fees for Services Accounting-$27,103-$27,103
Occupancy$14,047$1,311-$15,358
Office Expenses$5,908$1,460-$7,368
Insurance-$1,557-$1,557
All Other Expenses-$542-$542
Total Functional Expenses$1,555,842$442,186$0$1,998,028

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,161,126
Expenses per Audited Statements$1,998,028
Total Expenses per Form 990$1,998,028
Expenses Not Reported on Form 990$163,098
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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 B, Line 11B

“The 990 is reviewed by the board's executive committee and key staff before filing”

Form 990, Part VI, Section C, Line 19

“Documents are avaibale at the organization's location upon request”

Filing and Contact Details

Filer

Filer Name
Roanoke Blacksburg Innovation Network
EIN
46-2975294
Phone
5404439216
Address
2200 KRAFT DRIVE 1350, BLACKSBURG, VA 24060
Doing Business As
Roanoke Blacksburg Innovation Alliance

Signing Officer

Name
Erin Burcham
Title
President
Phone
5404439216
Signed
2025-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Erin Burcham
Formed
2013
Legal Domicile
Va
Voting Board Members
38
Independent Board Members
38
Employees
8
Volunteers
47

Preparer

Firm
Brown Edwards & Company Llp
Address
105 ARBOR DR 3RD FLOOR, CHRISTIANSBURG, VA 24073
Preparer
Mark Woolwine
Phone
5404433606
Raw XML AppendixShowing 400 of 621 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0OFFICER: CO-CHAIR, EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1OFFICER: CO-CHAIR, EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2OFFICER: TREASURER, EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3OFFICER: SECRETARY, EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt28GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt30GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt32GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt33GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt34GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt35GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt36GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt37GENERAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt38PRESIDENT
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IRS990/FormationYr02013
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IRS990/GrantsToOrganizationsInd00
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IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION SUPPORTS THE REGION BY CONNECTING, COMMUNICATING, AND COLLABORATING WITH STAKEHOLDERS TO GROW AND STRENGTHEN OUR INNOVATION ECONOMY.
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