Civic Intelligence

Small Business Development Center of Hampton Roads Inc

990 • Fiscal year 2017 • EIN 54-1534595

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 02, 2018

Organization ProfileHRSBDC.ORG
500 E Main Street No 700Norfolk, VA 23510

(757) 664-2500

Siviq Scores

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

Liabilities / Assets

80th percentile

0.18x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

76th percentile

0.08x

Higher debt load relative to revenue than 76% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Net Margin

43rd percentile

0.3%

Higher net margin than 43% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Top Officer Pay

100th percentile

$245,659

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 52.3% of source-year revenue.

2017 filings • 501(c)6 • <$500k nonprofits • Source year 2017

Asset Growth

62nd percentile

8.5%

Faster asset growth than 62% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

-4.5%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)6 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$217,435

Up $17,086 (+8.5%) from 2016

Net Assets

Up

$178,033

Up $1,298 (+0.7%) from 2016

Liabilities

Up

$39,402

Up $15,788 (+67%) from 2016

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin43rd percentile

Revenue

Down

$469,447

Down $22,090 (-4.5%) from 2016

Expenses

Down

$468,149

Down $38,906 (-7.7%) from 2016

Net Income

Up

$1,298

Up $16,816 (+108%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth62nd percentile

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

$400K$300K$200K$100K$0Assets 2010: $123,347Liabilities 2010: $90,554Net Assets 2010: $32,7932010Assets 2011: $163,420Liabilities 2011: $101,801Net Assets 2011: $61,6192011Assets 2012: $228,350Liabilities 2012: $144,412Net Assets 2012: $83,9382012Assets 2013: $266,916Liabilities 2013: $164,486Net Assets 2013: $102,4302013Assets 2014: $349,199Liabilities 2014: $182,305Net Assets 2014: $166,8942014Assets 2015: $210,196Liabilities 2015: $17,943Net Assets 2015: $192,2532015Assets 2016: $200,349Liabilities 2016: $23,614Net Assets 2016: $176,7352016Assets 2017: $217,435Liabilities 2017: $39,402Net Assets 2017: $178,0332017Assets 2018: $244,080Liabilities 2018: $9,629Net Assets 2018: $234,4512018Assets 2019: $252,913Liabilities 2019: $16,033Net Assets 2019: $236,8802019Assets 2020: $292,522Liabilities 2020: $7,621Net Assets 2020: $284,9012020Assets 2021: $263,643Liabilities 2021: $6,147Net Assets 2021: $257,4962021Assets 2022: $260,544Liabilities 2022: $12,617Net Assets 2022: $247,9272022Assets 2023: $305,397Liabilities 2023: $33,181Net Assets 2023: $272,2162023Assets 2024: $355,301Liabilities 2024: $68,159Net Assets 2024: $287,1422024

Highlighted filing

2017

Assets$217,435
Liabilities$39,402
Net Assets$178,033
Open 2017 Filing

Operations Trend

Revenue Growth38th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $389,3092010Expenses 2011: $408,8912011Expenses 2012: $492,3872012Revenue 2013: $585,899Expenses 2013: $567,407Net Income 2013: $18,4922013Revenue 2014: $569,454Expenses 2014: $562,205Net Income 2014: $7,2492014Revenue 2015: $583,988Expenses 2015: $558,629Net Income 2015: $25,3592015Revenue 2016: $491,537Expenses 2016: $507,055Net Income 2016: -$15,5182016Revenue 2017: $469,447Expenses 2017: $468,149Net Income 2017: $1,2982017Revenue 2018: $488,908Expenses 2018: $432,490Net Income 2018: $56,4182018Revenue 2019: $407,640Expenses 2019: $405,211Net Income 2019: $2,4292019Revenue 2020: $646,848Expenses 2020: $598,827Net Income 2020: $48,0212020Revenue 2021: $580,598Expenses 2021: $608,003Net Income 2021: -$27,4052021Revenue 2022: $463,349Expenses 2022: $472,918Net Income 2022: -$9,5692022Revenue 2023: $438,323Expenses 2023: $414,034Net Income 2023: $24,2892023Revenue 2024: $545,861Expenses 2024: $530,935Net Income 2024: $14,9262024

Highlighted filing

2017

Revenue$469,447
Expenses$468,149
Net Income$1,298
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 2, 2018
Return Version
2017v2.3
Gross Receipts
$469,447
Mission and Program Overview

Mission

To foster small business success and grow the region's economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$149,207$144,629▼ $4,578
Cash and Non-Interest-Bearing Accounts$50,972$72,721▲ $21,749
Prepaid Expenses and Deferred Charges$170$85▼ $85
Total Assets$200,349$217,435▲ $17,086
Liabilities
Accounts Payable and Accrued Expenses$23,614$39,402▲ $15,788
Total Liabilities$23,614$39,402▲ $15,788
Net Assets / Fund Balance
Unrestricted Net Assets$166,415$172,792▲ $6,377
Temporarily Rstr Net Assets$10,320$5,241▼ $5,079
Total Net Assets Fund Balance$176,735$178,033▲ $1,298
Total Liabilities and Net Assets / Fund Balance$200,349$217,435▲ $17,086
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sylvia M HainesSecretary--$104,223$104,223
James T Carroll IiiCenter DirectorFT$65,238$5,376$70,614

Board Members and Trustees

NameTitle
Joseph TaylorChairman
Bryan StephensPresident & CEO
Bill HolloranDirector
Dean Deborah WrightDirector
Henry MillsDirector
James W Noel JrDirector
Jeff RichardsonDirector
Michael D AustinDirector
R Patrick GomezDirector
Jody a KeenanEx Officio Member
Revenue and Support

Revenue Composition

Contributions and Grants
$469,447
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$182,651
Change in Net Assets
$1,298
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$254,869
Other Expenses$213,280
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$157,851
Other Salaries and Wages---$148,608
Current Officers, Directors, Trustees, and Key Employees---$70,614
Payroll Taxes---$18,883
Fees for Services Accounting---$9,853
Other Employee Benefits---$8,709
Pension Plan Contributions---$8,055
Travel---$6,798
Other Expenses---$4,091
Office Expenses---$3,810
Occupancy---$3,307
Insurance---$495
Conferences and Meetings---$86
All Other Expenses---$66
Total Functional Expenses$0$0$0$468,149
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
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
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The officers review form 990 prior to its filing and report to the board. The draft form 990 was also uploaded to guidestar and the email was sent notifying the board members that it was available for review.”

Form 990, Part VI, Section C, Line 19

“Organization makes governing documents, conflict of interest policy, and financial statements available to the public upon request. Tax returns are also available for public inspection through guidestar.”

Filing and Contact Details

Filer

Filer Name
Small Business Development Center of
EIN
54-1534595
Phone
7576642500
Address
500 E MAIN STREET NO 700, NORFOLK, VA 23510

Signing Officer

Name
Sylvia Haines
Title
Secretary
Phone
7576642500
Signed
2018-11-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bryan Stephens
Formed
1990
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
9
Employees
7
Volunteers
14

Preparer

Firm
Cherry Bekaert Llp
Address
222 CENTRAL PARK AVE STE 1400, VIRGINIA BEACH, VA 23462
Preparer
Barbara Smith
Phone
7574562400
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2B:

“The hampton roads chamber of commerce processes the payroll for this entity and the w-2s and 941s are filed under the chamber of commerce.”

Form 990, Part IX, Line 11G

“CONSULTANT FEES 157,851.”

FORM 990, PART XII, LINE 2C:

“The organization's executive committee is responsible for oversight of the audit, review of its financial statements and selection of the independent accountant. There have been no changes in the process from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The chamber and the affiliates are exempt from federal income taxes under section 501(c)(3) or 501(c)(6) of the internal revenue code; accordingly, the accompanying combined financial statements do not reflect a provision or liability for federal and state income taxes. However, income from certain activities not directly related to the chamber's tax-exempt purpose is subject to taxation as unrelated business income. The chamber and the affiliates have determined that it does not have any material unrecognized tax benefits or obligations as of december 31, 2017 and 2016.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CHAMBER AND THE AFFILIATES ARE EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OR 501(C)(6) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CHAMBER'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE CHAMBER AND THE AFFILIATES HAVE DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF DECEMBER 31, 2017 AND 2016.
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IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE HAMPTON ROADS CHAMBER OF COMMERCE PROCESSES THE PAYROLL FOR THIS ENTITY AND THE W-2S AND 941S ARE FILED UNDER THE CHAMBER OF COMMERCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS REVIEW FORM 990 PRIOR TO ITS FILING AND REPORT TO THE BOARD. THE DRAFT FORM 990 WAS ALSO UPLOADED TO GUIDESTAR AND THE EMAIL WAS SENT NOTIFYING THE BOARD MEMBERS THAT IT WAS AVAILABLE FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION MAKES GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. TAX RETURNS ARE ALSO AVAILABLE FOR PUBLIC INSPECTION THROUGH GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CONSULTANT FEES 157,851.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S EXECUTIVE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT, REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THERE HAVE BEEN NO CHANGES IN THE PROCESS FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 2B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1HAMPTON ROADS CHAMBER OF COMMERCE
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IRS990/SignificantChangeInd00
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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ReturnHeader/BusinessOfficerGrp/PersonNm0SYLVIA HAINES
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ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-02
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$217,435
Liabilities
$39,402
Net assets
$178,033
Revenue
$469,447
Expenses
$468,149
Net income
$1,298
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.55$0.68$2.87$5.46$5.31$0.15
2023Detailed filing. Detailed filing data is available for this year.$3.05$0.33$2.72$4.38$4.14$0.24
2022Detailed filing. Detailed filing data is available for this year.$2.61$0.13$2.48$4.63$4.73$0.10
2021Detailed filing. Detailed filing data is available for this year.$2.64$0.06$2.57$5.81$6.08$0.27
2020Detailed filing. Detailed filing data is available for this year.$2.93$0.08$2.85$6.47$5.99$0.48
2019Detailed filing. Detailed filing data is available for this year.$2.53$0.16$2.37$4.08$4.05$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.44$0.10$2.34$4.89$4.32$0.56
2017Detailed filing. Detailed filing data is available for this year.$2.17$0.39$1.78$4.69$4.68$0.01
2016Detailed filing. Detailed filing data is available for this year.$2.00$0.24$1.77$4.92$5.07$0.16
2015Detailed filing. Detailed filing data is available for this year.$2.10$0.18$1.92$5.84$5.59$0.25
2014Detailed filing. Detailed filing data is available for this year.$3.49$1.82$1.67$5.69$5.62$0.07
2013Detailed filing. Detailed filing data is available for this year.$2.67$1.64$1.02$5.86$5.67$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.28$1.44$0.84$4.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$1.02$0.62$4.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.91$0.33$3.89