Civic Intelligence

Business Development Centre Inc.

990 • Fiscal year 2014 • EIN 54-1598026

Jul 01, 2013 to Jun 30, 2014 • Filed on Sep 08, 2014

Organization ProfileWWW.LBDC.COM
147 Mill Ridge RdLynchburg, VA 24502

(434) 582-6100

Siviq Scores

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

Liabilities / Assets

88th percentile

0.84x

Higher debt load relative to assets than 88% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

95th percentile

5.76x

Higher debt load relative to revenue than 95% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

66th percentile

9.0%

Higher net margin than 66% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$56,000

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 21.4% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

47th percentile

1.1%

Faster asset growth than 47% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

16th percentile

-16%

Faster revenue growth than 16% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$1,803,022

Up $20,261 (+1.1%) from 2013

Net Assets

Up

$295,197

Up $23,665 (+8.7%) from 2013

Liabilities

Down

$1,507,825

Down $3,404 (-0.2%) from 2013

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin66th percentile

Revenue

Down

$261,878

Down $50,088 (-16%) from 2013

Expenses

Down

$238,213

Down $46,850 (-16%) from 2013

Net Income

Down

$23,665

Down $3,238 (-12%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $963,869Liabilities 2011: $707,469Net Assets 2011: $256,4002011Assets 2012: $950,785Liabilities 2012: $706,156Net Assets 2012: $244,6292012Assets 2013: $1,782,761Liabilities 2013: $1,511,229Net Assets 2013: $271,5322013Assets 2014: $1,803,022Liabilities 2014: $1,507,825Net Assets 2014: $295,1972014Assets 2015: $1,962,658Liabilities 2015: $1,640,407Net Assets 2015: $322,2512015Assets 2016: $1,987,243Liabilities 2016: $1,646,791Net Assets 2016: $340,4522016Assets 2017: $2,023,625Liabilities 2017: $1,644,750Net Assets 2017: $378,8752017Assets 2018: $2,036,685Liabilities 2018: $1,640,516Net Assets 2018: $396,1692018Assets 2019: $1,883,941Liabilities 2019: $1,462,802Net Assets 2019: $421,1392019Assets 2020: $1,971,913Liabilities 2020: $1,472,812Net Assets 2020: $499,1012020Assets 2021: $2,023,121Liabilities 2021: $1,473,366Net Assets 2021: $549,7552021Assets 2022: $2,049,748Liabilities 2022: $1,474,289Net Assets 2022: $575,4592022Assets 2023: $2,067,714Liabilities 2023: $1,466,443Net Assets 2023: $601,2712023Assets 2024: $1,624,217Liabilities 2024: $960,188Net Assets 2024: $664,0292024Assets 2025: $1,421,605Liabilities 2025: $699,224Net Assets 2025: $722,3812025

Highlighted filing

2014

Assets$1,803,022
Liabilities$1,507,825
Net Assets$295,197
Open 2014 Filing

Operations Trend

Revenue Growth16th percentile

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

$400K$300K$200K$100K$0-$100KRevenue 2011: $354,302Expenses 2011: $362,307Net Income 2011: -$8,0052011Expenses 2012: $325,1712012Revenue 2013: $311,966Expenses 2013: $285,063Net Income 2013: $26,9032013Revenue 2014: $261,878Expenses 2014: $238,213Net Income 2014: $23,6652014Revenue 2015: $261,083Expenses 2015: $234,029Net Income 2015: $27,0542015Revenue 2016: $261,129Expenses 2016: $242,928Net Income 2016: $18,2012016Revenue 2017: $276,543Expenses 2017: $238,120Net Income 2017: $38,4232017Revenue 2018: $219,686Expenses 2018: $202,392Net Income 2018: $17,2942018Revenue 2019: $253,300Expenses 2019: $228,330Net Income 2019: $24,9702019Revenue 2020: $308,858Expenses 2020: $230,896Net Income 2020: $77,9622020Revenue 2021: $310,257Expenses 2021: $259,603Net Income 2021: $50,6542021Revenue 2022: $270,972Expenses 2022: $245,268Net Income 2022: $25,7042022Revenue 2023: $281,408Expenses 2023: $255,596Net Income 2023: $25,8122023Revenue 2024: $309,624Expenses 2024: $246,866Net Income 2024: $62,7582024Revenue 2025: $316,950Expenses 2025: $258,598Net Income 2025: $58,3522025

Highlighted filing

2014

Revenue$261,878
Expenses$238,213
Net Income$23,665
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Sep 8, 2014
Return Version
2013v3.0
Gross Receipts
$261,878
Mission and Program Overview

Mission

To provide counseling and education for individuals who are interested in starting their own business.

To provide counseling and education for individuals to provide counseling and education for individualswho are interested in starting their ownbusiness

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,236,938$1,318,406▲ $81,468
Cash and Non-Interest-Bearing Accounts$530,721$473,061▼ $57,660
Rtn Earn Endowment Incm Other Fnds$271,532$295,197▲ $23,665
Accounts Receivable$10,752$8,082▼ $2,670
Land, Buildings, and Equipment, Net$4,210$3,358▼ $852
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,782,761$1,803,022▲ $20,261
Other Assets Total$140$115▼ $25
Liabilities
Other Liabilities$1,506,203$1,503,514▼ $2,689
Accounts Payable and Accrued Expenses$5,026$4,311▼ $715
Total Liabilities$1,511,229$1,507,825▼ $3,404
Net Assets / Fund Balance
Total Net Assets Fund Balance$271,532$295,197▲ $23,665
Total Liabilities and Net Assets / Fund Balance$1,782,761$1,803,022▲ $20,261

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,358$18,831-
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Byron StewardSecretaryFT$56,000$56,000

Board Members and Trustees

NameTitle
Ward DeanChairman
Marjette G UpshurVice Chairwoman
Brandon M BaberDirector
Duvall PowellDirector
Jeff LaubDirector
John StoneDirector
Kaleb MatsonDirector
Keith H Hawkes JrDirector
Kevin LoweryDirector
Mark DavisDirector
Maurice J PrestonDirector
Michael a ForrenDirector
Pat McnamaraDirector
Phillip Edward BrownDirector
William T LeaseDirector
Fred WatsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,250
Program Service Revenue
$252,628
Investment Income
$0
Other Revenue
$0
All Other Contributions
$9,250
Change in Net Assets
$23,665

Audited Revenue Reconciliation

Revenue per Audited Statements
$261,878
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$261,878
Total Revenue per Form 990
$261,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$122,679
Salaries, Compensation, and Employee Benefits$115,534
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$42,000$14,000-$56,000
Other Salaries and Wages$38,345$12,782-$51,127
Office Expenses$7,961$2,654-$10,615
Payroll Taxes$6,306$2,101-$8,407
Fees for Services Accounting-$6,541-$6,541
Other Expenses$6,229--$6,229
All Other Expenses$3,583$372-$3,955
Insurance$1,109$370-$1,479
Depreciation Depletion$638$213-$851
Travel$590$197-$787
Advertising$22$7-$29
Total Functional Expenses$198,976$39,237$0$238,213

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$238,213
Total Expenses per Audited Statements$238,213
Total Expenses per Form 990$238,213
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Amounts Due to Eda$707,000
Amounts Due to Economic Dev Adm.$495,000
Amounts Due to City of Lynchburg$125,000
Amounts Due to Ladc$115,500
Amounts Due to Va Enterprise Init.$40,000
Accrued Liabilities$15,066
Security Deposits$5,250
Additional Liabiliies$698
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
Yes
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 11

“Upon completion of form 990, it is presented to the board members for their review before being mailed to the irs.”

Form 990, Part VI, Section B, Line 12C

“All new officers and directors are provided a copy of the conflict of interest policy when they assume their positions. In march of each calender year this policy is reviewed and presented to the board of directors, outlining any changes and reminding them of their duty to make any disclosure of any situation/activity that may be considered as a conflict of interest. If anyone discloses what they believe may be a conflict of interest, they are asked to leave the meeting while discussion and a resulting vote is made on the potential conflict of interest. The chairperson may appoint a disinterested person or committee to investigate the proposed transaction or arrangement. After exercising due diligence, the board of directors or the assigned committe will determine what steps are needed, if any, to eliminate or correct a possible conflict of interest.”

Form 990, Part VI, Section B, Line 15A

“The compensation and performance of the executive director is annually reviewed by a committee comprised of board members. Performance measures and comparable data is provided for consideration when any increase in salary is being considered. This process coincides with the preliminary review and approval process of the budget for the upcoming fiscal year.”

Form 990, Part VI, Section C, Line 19

“All corporate documents including governing documents, the conflict of interest policy, and financial statements are on-file and available by the public for review during regular office hours.”

Filing and Contact Details

Filer

EIN
54-1598026
Phone
4345826100

Signing Officer

Name
Byron Steward
Title
Executive Director
Phone
4345826100
Signed
2014-09-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Byron Steward
Formed
1991
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
16
Employees
3
Volunteers
0

Preparer

Preparer
Samuel E Johnson
Phone
4348476643
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Management believes that the centre continues to satisfy the requirements of a tax-exempt organization at june 30, 2014 and 2013. Management has evaluated all tax positions that could have a significant effect on the financial statements and determined that the centre had no uncertain income tax positions at june 30, 2014 and 2013. The centre is no longer subject to u.s. Federal, state, or local tax examinations by tax authorities for tax years prior to the year ending june 30, 2010.”

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IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0261878
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0370
IRS990/InsuranceGrp/ProgramServicesAmt01109
IRS990/InsuranceGrp/TotalAmt01479
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018831
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04210
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03358
IRS990/LandBldgEquipCostOrOtherBssAmt022189
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE COUNSELING AND EDUCATION FOR INDIVIDUALS WHO ARE INTERESTED IN STARTING THEIR OWN BUSINESS
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0271532
IRS990/NetAssetsOrFundBalancesEOYAmt0295197
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02654
IRS990/OfficeExpensesGrp/ProgramServicesAmt07961
IRS990/OfficeExpensesGrp/TotalAmt010615
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0140
IRS990/OtherAssetsTotalGrp/EOYAmt0115
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1JANITORIAL COST
IRS990/OtherExpensesGrp/Desc2MAINTENANCE
IRS990/OtherExpensesGrp/Desc3PHONE AND COMMUNICATION
IRS990/OtherExpensesGrp/ProgramServicesAmt053592
IRS990/OtherExpensesGrp/ProgramServicesAmt122558
IRS990/OtherExpensesGrp/ProgramServicesAmt216043
IRS990/OtherExpensesGrp/ProgramServicesAmt36229
IRS990/OtherExpensesGrp/TotalAmt053592
IRS990/OtherExpensesGrp/TotalAmt122558
IRS990/OtherExpensesGrp/TotalAmt216043
IRS990/OtherExpensesGrp/TotalAmt36229
IRS990/OtherLiabilitiesGrp/BOYAmt01506203
IRS990/OtherLiabilitiesGrp/EOYAmt01503514
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt012782
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt038345
IRS990/OtherSalariesAndWagesGrp/TotalAmt051127
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01236938
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01318406
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02101
IRS990/PayrollTaxesGrp/ProgramServicesAmt06306
IRS990/PayrollTaxesGrp/TotalAmt08407
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BYRON STEWARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2532420
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1EXPENSE REIMBUSEMENT
IRS990/ProgramServiceRevenueGrp/Desc2EQUIPMENT RENTAL USUAG
IRS990/ProgramServiceRevenueGrp/Desc3MISC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0172160
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt172909
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt27447
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3112
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0172160
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt172909
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt27447
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3112
IRS990/ProgSrvcAccomActy2Grp/Desc0TECHNICAL AND MANAGEMENT ASSISTANCE-PROVIDED TECHNICAL ASSISTANCE AND TRAINING TO 148 INDIVIDUALS FOR DEVELOPING SMALL BUSINESSES AND PROVIDED GAP FINANCING
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt049744
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt063158
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt079946
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0131518
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0232020
IRS990/PYRevenuesLessExpensesAmt026903
IRS990/PYSalariesCompEmpBnftPaidAmt0153545
IRS990/PYTotalExpensesAmt0285063
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0311966
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt023665
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0189470
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0271532
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0295197
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt079946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0117975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0118375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0125463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0132287
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0574046
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0482797
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt0574046
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt079946
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0117975
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0118375
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0125463
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0132287
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0574046
IRS990ScheduleA/TotalSupportAmt0574046
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0238213
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03358
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt018831
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt022189
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0125000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1495000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt240000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3707000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4115500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt55250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt615066
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt7698
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0AMOUNTS DUE TO CITY OF LYNCHBURG
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1AMOUNTS DUE TO ECONOMIC DEV ADM.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2AMOUNTS DUE TO VA ENTERPRISE INIT.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3AMOUNTS DUE TO EDA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4AMOUNTS DUE TO LADC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6ACCRUED LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7ADDITIONAL LIABILIIES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0261878
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES THAT THE CENTRE CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2014 AND 2013. MANAGEMENT HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THAT THE CENTRE HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2014 AND 2013. THE CENTRE IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO THE YEAR ENDING JUNE 30, 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03358
IRS990ScheduleD/TotalExpensesPerForm990Amt0238213
IRS990ScheduleD/TotalLiabilityAmt01503514
IRS990ScheduleD/TotalRevenuePerForm990Amt0261878
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0261878
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0238213

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,803,022
Liabilities
$1,507,825
Net assets
$295,197
Revenue
$261,878
Expenses
$238,213
Net income
$23,665
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.42$0.70$0.72$0.32$0.26$0.06
2024Detailed filing. Detailed filing data is available for this year.$1.62$0.96$0.66$0.31$0.25$0.06
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$1.47$0.60$0.28$0.26$0.03
2022Detailed filing. Detailed filing data is available for this year.$2.05$1.47$0.58$0.27$0.25$0.03
2021Detailed filing. Detailed filing data is available for this year.$2.02$1.47$0.55$0.31$0.26$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.97$1.47$0.50$0.31$0.23$0.08
2019Detailed filing. Detailed filing data is available for this year.$1.88$1.46$0.42$0.25$0.23$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.04$1.64$0.40$0.22$0.20$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.02$1.64$0.38$0.28$0.24$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.99$1.65$0.34$0.26$0.24$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.96$1.64$0.32$0.26$0.23$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.80$1.51$0.30$0.26$0.24$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.78$1.51$0.27$0.31$0.29$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.71$0.24$0.33
2011Summary only. Only limited summary data is available for this year.$0.96$0.71$0.26$0.35$0.36$0.01