Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
990 • Fiscal year 2017 • EIN 54-1598026
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
72nd percentile
Higher net margin than 72% of similar nonprofits.
Top Officer Pay
49th percentile
Higher top officer pay than 49% of similar nonprofits.
Top officer pay equals 22.2% of source-year revenue.
Asset Growth
46th percentile
Faster asset growth than 46% of similar nonprofits.
Revenue Growth
53rd percentile
Faster revenue growth than 53% of similar nonprofits.
Assets
Up$2,023,625
Up $36,382 (+1.8%) from 2016
Net Assets
Up$378,875
Up $38,423 (+11%) from 2016
Liabilities
Down$1,644,750
Down $2,041 (-0.1%) from 2016
Revenue
Up$276,543
Up $15,414 (+5.9%) from 2016
Expenses
Down$238,120
Down $4,808 (-2.0%) from 2016
Net Income
Up$38,423
Up $20,222 (+111%) from 2016
To provide counseling and education for individuals who are interested in starting their own business.
To provide counseling and education for individuals who are interested in starting their own business
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $1,435,373 | $1,365,474 | ▼ $69,899 |
| Cash and Non-Interest-Bearing Accounts | $545,413 | $654,581 | ▲ $109,168 |
| Rtn Earn Endowment Incm Other Fnds | $340,452 | $378,875 | ▲ $38,423 |
| Land, Buildings, and Equipment, Net | $3,842 | $2,555 | ▼ $1,287 |
| Accounts Receivable | $1,815 | $918 | ▼ $897 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $1,987,243 | $2,023,625 | ▲ $36,382 |
| Other Assets Total | $800 | $97 | ▼ $703 |
| Liabilities | |||
| Other Liabilities | $1,617,310 | $1,617,310 | → $0 |
| Accounts Payable and Accrued Expenses | $29,481 | $27,440 | ▼ $2,041 |
| Total Liabilities | $1,646,791 | $1,644,750 | ▼ $2,041 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $340,452 | $378,875 | ▲ $38,423 |
| Total Liabilities and Net Assets / Fund Balance | $1,987,243 | $2,023,625 | ▲ $36,382 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $2,555 | $21,820 | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Byron Steward | Secretary | FT | $61,501 | $61,501 |
| Name | Title |
|---|---|
| John Stone | Chairman |
| Brandon M Baber | Vice Chairman |
| Anna Bentson | Director |
| Charles Hartgrove | Director |
| Holly Roark | Director |
| Jeff Laub | Director |
| Kaleb Matson | Director |
| Maurice J Preston | Director |
| Michael a Forren | Director |
| Phillip Edward Brown | Director |
| Fred Watson | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $121,155 |
| Other Expenses | $116,965 |
| Total Fundraising Expense | $1,537 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Current Officers, Directors, Trustees, and Key Employees | $46,126 | $13,838 | $1,537 | $61,501 |
| Other Salaries and Wages | $38,051 | $12,684 | - | $50,735 |
| Office Expenses | $8,878 | $2,959 | - | $11,837 |
| Payroll Taxes | $6,689 | $2,230 | - | $8,919 |
| Fees for Services Accounting | - | $6,323 | - | $6,323 |
| Other Expenses | $5,250 | - | - | $5,250 |
| All Other Expenses | $5,206 | - | - | $5,206 |
| Depreciation Depletion | $966 | $322 | - | $1,288 |
| Payment Travel Entrtnmnt Publicly Ofcl | $619 | $206 | - | $825 |
| Advertising | $1 | - | - | $1 |
| Total Functional Expenses | $198,021 | $38,562 | $1,537 | $238,120 |
| Line Item | Amount |
|---|---|
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
| Expenses per Audited Statements | $0 |
| Total Expenses per Audited Statements | $0 |
| Total Expenses per Form 990 | $0 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Due to Lynchburg Economic Development Authority | $836,060 |
| Due to Economic Development Administration | $495,000 |
| Due to City of Lynchburg | $125,000 |
| Due to Lynchburg Area Development Corporation | $115,500 |
| Due to Virginia Enterprise Initiative | $40,000 |
| Security Deposits | $5,750 |
“All corporate documents including governing documents, the conflict of interest policy, and financial statements are on file and available by the public for reviewing during regular office hours”
“All new officers and directors are provided a copy of the conflict of interest policy when they assume their position 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 transcation or arrangement after exercising due diligence, the board of directors or the assigned committee will determine what steps are needed, if any, to eliminate or correct a possible conflict of interest.”
“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 an increase in salary is being considered. This process coincides with the preliminary review and approval process of the budget for the upcoming fiscal year.”
“Upon completion of form 990, it is presented to the board members for their review before being filed”
“Management believes that the centre continues to satisfy the requirements of a tax exempt organization at june 30, 2017 and 2016. Management has evaluated all tax positions that could have have a significant effect on the financial statements and determined that the centre had no uncertain income tax positions at june 30, 2017 and 2016. The centre is no longer subject to us federal, state, or local tax examinations by tax authorities for tax years prior to the year ending june 30, 2011.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 29481 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 27440 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 1815 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 918 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO PROVIDE COUNSELING AND EDUCATION FOR INDIVIDUALS WHO ARE INTERESTED IN STARTING THEIR OWN BUSINESS |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 1 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 1 |
| IRS990/AllOtherContributionsAmt | 0 | 4000 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 5206 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 5206 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 0 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | BYRON STEWARD |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4345836100 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 147 MILL RIDGE RD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | LYNCHBURG |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 24502 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 545413 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 654581 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt | 0 | 1537 |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 13838 |
| IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt | 0 | 46126 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 61501 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 4000 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 196 |
| IRS990/CYOtherExpensesAmt | 0 | 116965 |
| IRS990/CYOtherRevenueAmt | 0 | 206222 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 66125 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 38423 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 121155 |
| IRS990/CYTotalExpensesAmt | 0 | 238120 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 1537 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 276543 |
| IRS990/DAFExcessBusinessHoldingsInd | 0 | 0 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 322 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 966 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1288 |
| IRS990/Desc | 0 | BUSINESS DEVELOPMENT CENTRE - DURING THIS PERIOD ASSISTED 42 COMPANIES BY PROVIDING FACILITIES WITH 774 HOURS OF COUNSELING AND EDUCATION |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DistributionToDonorInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 3 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 148516 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 6323 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 6323 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 10 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 11 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | BRANDON M BABER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | PHILLIP EDWARD BROWN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MICHAEL A FORREN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | KALEB MATSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JEFF LAUB |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | MAURICE J PRESTON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JOHN STONE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | FRED WATSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | HOLLY ROARK |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | CHARLES HARTGROVE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | ANNA BENTSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | BYRON STEWARD |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 61501 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | VICE CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | CHAIRMAN |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | SECRETARY |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 1991 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 11 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 276543 |
| IRS990/GrossRentsGrp/PersonalAmt | 0 | 3532 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 202690 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 1 |
| IRS990/IndependentVotingMemberCnt | 0 | 11 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentIncomeGrp/ExclusionAmt | 0 | 196 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 196 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 6 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 21820 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3842 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 2555 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 24375 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LessRentalExpensesGrp/PersonalAmt | 0 | 0 |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 0 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | TO PROVIDE COUNSELING AND EDUCATION FOR INDIVIDUALS WHO ARE INTERESTED IN STARTING THEIR OWN BUSINESS |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 340452 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 378875 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 3532 |
| IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 202690 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 206222 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 2959 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 8878 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 11837 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrgDoesNotFollowSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 800 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 97 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | UTILITES |
| IRS990/OtherExpensesGrp/Desc | 1 | JANITORIAL COST |
| IRS990/OtherExpensesGrp/Desc | 2 | MAINTENANCE |
| IRS990/OtherExpensesGrp/Desc | 3 | CONTRACTUAL SERVICES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 49424 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 19553 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 17258 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 5250 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 49424 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 19553 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 17258 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 5250 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 1617310 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1617310 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 12684 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 38051 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 50735 |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 1435373 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 1365474 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 2230 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 6689 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 8919 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt | 0 | 0 |
| IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | BYRON STEWARD |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | EXPENSE REIMBURSMENT |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 66125 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 66125 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | TECHNICAL AND MANAGEMENT ASSISTANCE - PROVIDED TECHNICAL ASSISTANCE AND TRAINING TO 668 INDIVIDUALS FOR DEVELOPING SMALL BUSINESS AND PROVIDED GAP FINANCING |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 49505 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 66125 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 4000 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 155 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt | 0 | 206 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt | 0 | 619 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 825 |
| IRS990/PYOtherExpensesAmt | 0 | 126313 |
| IRS990/PYOtherRevenueAmt | 0 | 181829 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 75145 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 18201 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 116615 |
| IRS990/PYTotalExpensesAmt | 0 | 242928 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 261129 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 38423 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/RentalIncomeOrLossGrp/PersonalAmt | 0 | 3532 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 202690 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 1 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/RevenueAmt | 0 | 202690 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 340452 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 378875 |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 4000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 4000 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 9250 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 79946 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 117975 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 215171 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt | 0 | 196 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt | 0 | 155 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 490 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 841 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 272346 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 256974 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 529320 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt | 0 | 196 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt | 0 | 155 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt | 0 | 490 |
| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 841 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00110 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4575 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 4575 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99280 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 744491 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 276346 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 260974 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 9250 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 79946 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 117975 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 744491 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 276542 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 261129 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 14315 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 79946 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 117975 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 749907 |
| IRS990/ScheduleBRequiredInd | 0 | 0 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 0 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 2555 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 21820 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt | 0 | 24375 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 125000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 495000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 836060 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 3 | 115500 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 4 | 40000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 5 | 5750 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO CITY OF LYNCHBURG |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | DUE TO ECONOMIC DEVELOPMENT ADMINISTRATION |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | DUE TO LYNCHBURG ECONOMIC DEVELOPMENT AUTHORITY |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 3 | DUE TO LYNCHBURG AREA DEVELOPMENT CORPORATION |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 4 | DUE TO VIRGINIA ENTERPRISE INITIATIVE |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 5 | SECURITY DEPOSITS |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 276543 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | MANAGEMENT BELIEVES THAT THE CENTRE CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX EXEMPT ORGANIZATION AT JUNE 30, 2017 AND 2016. MANAGEMENT HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THAT THE CENTRE HAD NO UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2017 AND 2016. THE CENTRE IS NO LONGER SUBJECT TO US FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR TAX YEARS PRIOR TO THE YEAR ENDING JUNE 30, 2011. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 2555 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 0 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 1617310 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 276543 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 276543 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 0 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ALL CORPORATE DOCUMENTS INCLUDING GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ON FILE AND AVAILABLE BY THE PUBLIC FOR REVIEWING DURING REGULAR OFFICE HOURS |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ALL NEW OFFICERS AND DIRECTORS ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY WHEN THEY ASSUME THEIR POSITION 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 TRANSCATION OR ARRANGEMENT AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS OR THE ASSIGNED COMMITTEE WILL DETERMINE WHAT STEPS ARE NEEDED, IF ANY, TO ELIMINATE OR CORRECT A POSSIBLE CONFLICT OF INTEREST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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 AN 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/ExplanationTxt | 3 | UPON COMPLETION OF FORM 990, IT IS PRESENTED TO THE BOARD MEMBERS FOR THEIR REVIEW BEFORE BEING FILED |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | CITY OF LYNCHBURG |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 546001405 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 170(B)(1)(A) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | VA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | CITY GOVERNMENT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 900 CHURCH STREET |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | LYNCHBURG |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 24504 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 0 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
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Displayed year
2017 • Form 990Detailed filing. Detailed filing data is available for this year.