Civic Intelligence

Business Development Centre Inc.

990 • Fiscal year 2018 • EIN 54-1598026

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 03, 2018

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

(434) 583-6100

Siviq Scores

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

Liabilities / Assets

89th percentile

0.81x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

7.47x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

62nd percentile

7.9%

Higher net margin than 62% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

46th percentile

$53,183

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 24.2% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

49th percentile

0.6%

Faster asset growth than 49% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

14th percentile

-21%

Faster revenue growth than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$2,036,685

Up $13,060 (+0.6%) from 2017

Net Assets

Up

$396,169

Up $17,294 (+4.6%) from 2017

Liabilities

Down

$1,640,516

Down $4,234 (-0.3%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin62nd percentile

Revenue

Down

$219,686

Down $56,857 (-21%) from 2017

Expenses

Down

$202,392

Down $35,728 (-15%) from 2017

Net Income

Down

$17,294

Down $21,129 (-55%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth49th 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

2018

Assets$2,036,685
Liabilities$1,640,516
Net Assets$396,169
Open 2018 Filing

Operations Trend

Revenue Growth14th 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

2018

Revenue$219,686
Expenses$202,392
Net Income$17,294
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 3, 2018
Return Version
2017v2.3
Gross Receipts
$219,686
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 who are interested in starting their own business

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,365,474$1,045,009▼ $320,465
Cash and Non-Interest-Bearing Accounts$654,581$989,238▲ $334,657
Rtn Earn Endowment Incm Other Fnds$378,875$396,169▲ $17,294
Land, Buildings, and Equipment, Net$2,555$1,312▼ $1,243
Accounts Receivable$918$1,029▲ $111
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,023,625$2,036,685▲ $13,060
Other Assets Total$97$97→ $0
Liabilities
Other Liabilities$1,617,310$1,616,810▼ $500
Accounts Payable and Accrued Expenses$27,440$23,706▼ $3,734
Total Liabilities$1,644,750$1,640,516▼ $4,234
Net Assets / Fund Balance
Total Net Assets Fund Balance$378,875$396,169▲ $17,294
Total Liabilities and Net Assets / Fund Balance$2,023,625$2,036,685▲ $13,060

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,312$23,063-
Compensation and Service Providers
Top Officer Pay46th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Byron StewardSecretaryFT$53,183$53,183

Board Members and Trustees

NameTitle
John StoneChairman
Anna BentsonDirector
Brandon M BaberDirector
Holly RoarkDirector
Maurice J PrestonDirector
Michael a ForrenDirector
Fred WatsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$5,000
Program Service Revenue
$59,411
Investment Income
$182
Other Revenue
$155,093
All Other Contributions
$5,000
Change in Net Assets
$17,294

Audited Revenue Reconciliation

Revenue per Audited Statements
$219,686
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$219,686
Total Revenue per Form 990
$219,686
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$103,422
Other Expenses$98,970
Total Fundraising Expense$1,329
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$39,887$11,967$1,329$53,183
Other Salaries and Wages$31,855$10,618-$42,473
Office Expenses$9,680$3,226-$12,906
Payroll Taxes$5,825$1,941-$7,766
Fees for Services Accounting-$6,400-$6,400
All Other Expenses$5,144--$5,144
Other Expenses$3,228--$3,228
Depreciation Depletion$932$311-$1,243
Payment Travel Entrtnmnt Publicly Ofcl$624$208-$832
Advertising$287--$287
Total Functional Expenses$166,392$34,671$1,329$202,392

Audited Expense Reconciliation

Line ItemAmount
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
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
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$5,250
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 11B

“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”

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 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.”

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 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.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Business Development Centre Inc
EIN
54-1598026
Phone
4345836100
Address
147 MILL RIDGE RD, LYNCHBURG, VA 24502

Signing Officer

Name
Byron Steward
Title
Executive Director
Phone
4345836100
Signed
2018-10-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Byron Steward
Formed
1991
Legal Domicile
Va
Voting Board Members
7
Independent Board Members
7
Employees
3
Volunteers
3

Preparer

Firm
Brown Edwards & Company Llp
Address
2102 LANGHORNE ROAD SUITE 200, LYNCHBURG, VA 24501-1121
Preparer
Susan Ackley
Phone
4349489000
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, 2018 and 2017. 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, 2018 and 2017. 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, 2014.”

Raw XML AppendixShowing 400 of 475 raw XML fields

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

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IRS990/ProgSrvcAccomActy2Grp/Desc0TECHNICAL AND MANAGEMENT ASSISTANCE - PROVIDED TECHNICAL ASSISTANCE AND TRAINING TO 654 INDIVIDUALS FOR DEVELOPING SMALL BUSINESS AND PROVIDED GAP FINANCING
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt041598
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt059411
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0196
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt0208
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt0624
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt0832
IRS990/PYOtherExpensesAmt0116965
IRS990/PYOtherRevenueAmt0206222
IRS990/PYProgramServiceRevenueAmt066125
IRS990/PYRevenuesLessExpensesAmt038423
IRS990/PYSalariesCompEmpBnftPaidAmt0121155
IRS990/PYTotalExpensesAmt0238120
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0276543
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt017294
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt03262
IRS990/RentalIncomeOrLossGrp/RealAmt0151831
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0151831
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0378875
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0396169
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt04000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt04000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt09250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt079946
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0102196
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0182
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0196
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0155
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0490
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01023
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0214504
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0272346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0256974
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0743824
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0182
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0155
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0490
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01023
IRS990ScheduleA/InvestmentIncomeCYPct00.00120
IRS990ScheduleA/InvestmentIncomePYPct00.00110
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04575
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04575
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99340
IRS990ScheduleA/PublicSupportPY509Pct00.99280
IRS990ScheduleA/PublicSupportTotal509Amt0846020
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0219504
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0276346
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0260974
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt09250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt079946
IRS990ScheduleA/Total509Grp/TotalAmt0846020
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0219686
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0276542
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0261129
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt014315
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt079946
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0851618
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01312
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt023063
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt024375
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0125000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1495000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2836060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3115500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt440000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt55250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO CITY OF LYNCHBURG
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DUE TO ECONOMIC DEVELOPMENT ADMINISTRATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DUE TO LYNCHBURG ECONOMIC DEVELOPMENT AUTHORITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3DUE TO LYNCHBURG AREA DEVELOPMENT CORPORATION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4DUE TO VIRGINIA ENTERPRISE INITIATIVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0219686
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT BELIEVES THAT THE CENTRE CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX EXEMPT ORGANIZATION AT JUNE 30, 2018 AND 2017. 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, 2018 AND 2017. 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, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01312
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt01616810
IRS990ScheduleD/TotalRevenuePerForm990Amt0219686
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0219686
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL 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/ExplanationTxt1ALL 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/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 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/ExplanationTxt3UPON COMPLETION OF FORM 990, IT IS PRESENTED TO THE BOARD MEMBERS FOR THEIR REVIEW BEFORE BEING FILED
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
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
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF LYNCHBURG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0546001405
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0170(B)(1)(A)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CITY GOVERNMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0900 CHURCH STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LYNCHBURG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd024504
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CITY OF LYNCHBURG
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0K
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxableDistributionsInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02023625
IRS990/TotalAssetsEOYAmt02036685

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,036,685
Liabilities
$1,640,516
Net assets
$396,169
Revenue
$219,686
Expenses
$202,392
Net income
$17,294
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