Civic Intelligence

Business Development Centre Inc.

990 • Fiscal year 2015 • EIN 54-1598026

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 05, 2015

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.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

96th percentile

6.28x

Higher debt load relative to revenue than 96% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

68th percentile

10%

Higher net margin than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

46th percentile

$54,000

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 20.7% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

71st percentile

8.9%

Faster asset growth than 71% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

39th percentile

-0.3%

Faster revenue growth than 39% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$1,962,658

Up $159,636 (+8.9%) from 2014

Net Assets

Up

$322,251

Up $27,054 (+9.2%) from 2014

Liabilities

Up

$1,640,407

Up $132,582 (+8.8%) from 2014

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin68th percentile

Revenue

Down

$261,083

Down $795 (-0.3%) from 2014

Expenses

Down

$234,029

Down $4,184 (-1.8%) from 2014

Net Income

Up

$27,054

Up $3,389 (+14%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth71st 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

2015

Assets$1,962,658
Liabilities$1,640,407
Net Assets$322,251
Open 2015 Filing

Operations Trend

Revenue Growth39th 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

2015

Revenue$261,083
Expenses$234,029
Net Income$27,054
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 5, 2015
Return Version
2014v5.0
Gross Receipts
$261,083
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$1,318,406$1,402,121▲ $83,715
Cash and Non-Interest-Bearing Accounts$473,061$556,614▲ $83,553
Rtn Earn Endowment Incm Other Fnds$295,197$322,251▲ $27,054
Land, Buildings, and Equipment, Net$3,358$2,507▼ $851
Accounts Receivable$8,082$997▼ $7,085
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,803,022$1,962,658▲ $159,636
Other Assets Total$115$419▲ $304
Liabilities
Other Liabilities$1,488,448$1,616,310▲ $127,862
Accounts Payable and Accrued Expenses$19,377$24,097▲ $4,720
Total Liabilities$1,507,825$1,640,407▲ $132,582
Net Assets / Fund Balance
Total Net Assets Fund Balance$295,197$322,251▲ $27,054
Total Liabilities and Net Assets / Fund Balance$1,803,022$1,962,658▲ $159,636

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,507$19,682-
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Byron StewardSecretaryFT$54,000$54,000

Board Members and Trustees

NameTitle
John StoneChairman
Marjette G UpshurVice Chairwoman
Brandon M BaberDirector
Giuseppe CucciDirector
Jeff LaubDirector
Kaleb MatsonDirector
Keith H Hawkes JrDirector
Maurice J PrestonDirector
Michael a ForrenDirector
Phillip Edward BrownDirector
William T LeaseDirector
Fred WatsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,250
Program Service Revenue
$73,422
Investment Income
$490
Other Revenue
$177,921
All Other Contributions
$9,250
Change in Net Assets
$27,054

Audited Revenue Reconciliation

Revenue per Audited Statements
$261,083
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$261,083
Total Revenue per Form 990
$261,083
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$117,299
Salaries, Compensation, and Employee Benefits$116,730
Total Fundraising Expense$1,350
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$40,670$13,557-$54,227
Current Officers, Directors, Trustees, and Key Employees$40,500$12,150$1,350$54,000
Payroll Taxes$6,377$2,126-$8,503
Office Expenses$6,292$2,098-$8,390
Fees for Services Accounting-$6,692-$6,692
Other Expenses$2,626--$2,626
All Other Expenses$1,887$125-$2,012
Insurance$1,195$398-$1,593
Travel$710$237-$947
Depreciation Depletion$638$213-$851
Advertising$23$8-$31
Total Functional Expenses$195,075$37,604$1,350$234,029

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$234,029
Total Expenses per Audited Statements$234,029
Total Expenses per Form 990$234,029
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 Leda$836,060
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
Security Deposits$4,750
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 filed.”

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

Filer Name
Business Development Centre Inc
EIN
54-1598026
Phone
4345826100
Address
147 MILL RIDGE RD, LYNCHBURG, VA 24502

Signing Officer

Name
Byron Steward
Title
Executive Director
Phone
4345826100
Signed
2015-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Byron Steward
Formed
1991
Legal Domicile
Va
Voting Board Members
12
Independent Board Members
12
Employees
4
Volunteers
28

Preparer

Firm
Cherry Bekaert Llp
Address
828 MAIN ST STE 1701, LYNCHBURG, VA 24504
Preparer
Samuel 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, 2015 and 2014. 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, 2015 and 2014. 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, 2011.”

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IRS990/MissionDesc0TO PROVIDE COUNSELING AND EDUCATION FOR INDIVIDUALS WHO ARE INTERESTED IN STARTING THEIR OWN BUSINESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
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IRS990/OfficeExpensesGrp/ProgramServicesAmt06292
IRS990/OfficeExpensesGrp/TotalAmt08390
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt0419
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1JANITORIAL COST
IRS990/OtherExpensesGrp/Desc2MAINTENANCE
IRS990/OtherExpensesGrp/Desc3PHONE AND COMMUNICATION
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IRS990/OtherExpensesGrp/ProgramServicesAmt125550
IRS990/OtherExpensesGrp/ProgramServicesAmt219527
IRS990/OtherExpensesGrp/ProgramServicesAmt32626
IRS990/OtherExpensesGrp/TotalAmt049080
IRS990/OtherExpensesGrp/TotalAmt125550
IRS990/OtherExpensesGrp/TotalAmt219527
IRS990/OtherExpensesGrp/TotalAmt32626
IRS990/OtherLiabilitiesGrp/BOYAmt01488448
IRS990/OtherLiabilitiesGrp/EOYAmt01616310
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt013557
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt040670
IRS990/OtherSalariesAndWagesGrp/TotalAmt054227
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01318406
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01402121
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02126
IRS990/PayrollTaxesGrp/ProgramServicesAmt06377
IRS990/PayrollTaxesGrp/TotalAmt08503
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BYRON STEWARD
IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt073422
IRS990/ProgSrvcAccomActy2Grp/Desc0TECHNICAL AND MANAGEMENT ASSISTANCE-PROVIDED TECHNICAL ASSISTANCE AND TRAINING TO 133 INDIVIDUALS FOR DEVELOPING SMALL BUSINESSES AND PROVIDED GAP FINANCING.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt048768
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt073422
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt09250
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherRevenueAmt00
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IRS990/PYSalariesCompEmpBnftPaidAmt0115534
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt027054
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt04575
IRS990/RentalIncomeOrLossGrp/RealAmt0173346
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0173346
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0295197
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0322251
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt09250
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt079946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0117975
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0118375
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0125463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0451009
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0490
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0490
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0490606
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt04575
IRS990ScheduleA/OtherIncome170Grp/TotalAmt04575
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0118375
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0125463
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0451009
IRS990ScheduleA/TotalSupportAmt0456074
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
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt019682
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt022189
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0125000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1495000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt240000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3836060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt4115500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt54750
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 LEDA
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4AMOUNTS DUE TO LADC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0261083
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES THAT THE CENTRE CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AT JUNE 30, 2015 AND 2014. 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, 2015 AND 2014. 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, 2011.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt0234029
IRS990ScheduleD/TotalLiabilityAmt01616310
IRS990ScheduleD/TotalRevenuePerForm990Amt0261083
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0261083
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0234029
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0UPON COMPLETION OF FORM 990, IT IS PRESENTED TO THE BOARD MEMBERS FOR THEIR REVIEW BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01803022
IRS990/TotalAssetsEOYAmt01962658
IRS990/TotalAssetsGrp/BOYAmt01803022
IRS990/TotalAssetsGrp/EOYAmt01962658
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt09250
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01350
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037604

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,962,658
Liabilities
$1,640,407
Net assets
$322,251
Revenue
$261,083
Expenses
$234,029
Net income
$27,054
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