Civic Intelligence

Business Development Centre Inc.

990 • Fiscal year 2019 • EIN 54-1598026

Jul 01, 2018 to Jun 30, 2019 • Filed on Nov 11, 2019

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

88th percentile

0.78x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

96th percentile

5.77x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

65th percentile

9.9%

Higher net margin than 65% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

47th percentile

$54,000

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 21.3% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

15th percentile

-7.5%

Faster asset growth than 15% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

70th percentile

15%

Faster revenue growth than 70% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$1,883,941

Down $152,744 (-7.5%) from 2018

Net Assets

Up

$421,139

Up $24,970 (+6.3%) from 2018

Liabilities

Down

$1,462,802

Down $177,714 (-11%) from 2018

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin65th percentile

Revenue

Up

$253,300

Up $33,614 (+15%) from 2018

Expenses

Up

$228,330

Up $25,938 (+13%) from 2018

Net Income

Up

$24,970

Up $7,676 (+44%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2019

Assets$1,883,941
Liabilities$1,462,802
Net Assets$421,139
Open 2019 Filing

Operations Trend

Revenue Growth70th 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

2019

Revenue$253,300
Expenses$228,330
Net Income$24,970
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Nov 11, 2019
Return Version
2018v3.1
Gross Receipts
$253,300
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$1,045,009$1,252,330▲ $207,321
Cash and Non-Interest-Bearing Accounts$989,238$629,236▼ $360,002
Rtn Earn Endowment Incm Other Fnds$396,169$421,139▲ $24,970
Accounts Receivable$1,029$1,374▲ $345
Land, Buildings, and Equipment, Net$1,312$875▼ $437
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,036,685$1,883,941▼ $152,744
Other Assets Total$97$126▲ $29
Liabilities
Other Liabilities$1,616,810$1,442,060▼ $174,750
Accounts Payable and Accrued Expenses$23,706$20,742▼ $2,964
Total Liabilities$1,640,516$1,462,802▼ $177,714
Net Assets / Fund Balance
Total Net Assets Fund Balance$396,169$421,139▲ $24,970
Total Liabilities and Net Assets / Fund Balance$2,036,685$1,883,941▼ $152,744

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$875$23,500-
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

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

Board Members and Trustees

NameTitle
Brandon M BaberChairman
Michael a ForrenVice Chairman
Anna BentsonDirector
David ChummDirector
Fred WatsonDirector
Maurice J PrestonDirector
Reid WodickaDirector
Stedman PayneDirector
Holly RoarkTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,000
Program Service Revenue
$63,330
Investment Income
$3,259
Other Revenue
$183,711
All Other Contributions
$3,000
Change in Net Assets
$24,970

Audited Revenue Reconciliation

Revenue per Audited Statements
$253,300
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$253,300
Total Revenue per Form 990
$253,300
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$117,465
Salaries, Compensation, and Employee Benefits$110,865
Total Fundraising Expense$1,350
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$40,500$12,150$1,350$54,000
Other Salaries and Wages$36,774$12,258-$49,032
Office Expenses$8,110$2,703-$10,813
Payroll Taxes$5,875$1,958-$7,833
Fees for Services Accounting-$6,726-$6,726
All Other Expenses$3,755--$3,755
Other Expenses$3,385--$3,385
Advertising$1,892--$1,892
Depreciation Depletion$328$109-$437
Payment Travel Entrtnmnt Publicly Ofcl$321$107-$428
Total Functional Expenses$190,969$36,011$1,350$228,330

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$228,331
Total Expenses per Audited Statements$228,331
Total Expenses per Form 990$228,331
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
Due to Lynchburg Economic Development Authority$776,060
Due to Economic Development Administration$495,000
Due to City of Lynchburg$125,000
Due to Virginia Enterprise Initiative$40,000
Security Deposits$6,000
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 october 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
2019-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Byron Steward
Formed
1991
Legal Domicile
Va
Voting Board Members
8
Independent Board Members
8
Employees
3
Volunteers
10

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:

“The internal revenue service has ruled that the centre is exempt from income taxes under section 501(c)(3) of the internal revenue code.”

Raw XML AppendixShowing 400 of 492 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/PayrollTaxesGrp/ManagementAndGeneralAmt01958
IRS990/PayrollTaxesGrp/ProgramServicesAmt05875
IRS990/PayrollTaxesGrp/TotalAmt07833
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BYRON STEWARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0EXPENSE REIMBURSMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt063330
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt063330
IRS990/ProgSrvcAccomActy2Grp/Desc0TECHNICAL AND MANAGEMENT ASSISTANCE - PROVIDED TECHNICAL ASSISTANCE AND TRAINING TO 500 INDIVIDUALS FOR DEVELOPING SMALL BUSINESS AND PROVIDED GAP FINANCING
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt047743
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt063330
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0182
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt0107
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt0321
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt0428
IRS990/PYOtherExpensesAmt098970
IRS990/PYOtherRevenueAmt0155093
IRS990/PYProgramServiceRevenueAmt059411
IRS990/PYRevenuesLessExpensesAmt017294
IRS990/PYSalariesCompEmpBnftPaidAmt0103422
IRS990/PYTotalExpensesAmt0202392
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0219686
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt024970
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt02745
IRS990/RentalIncomeOrLossGrp/RealAmt0180966
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0180966
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0396169
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0421139
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt03000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt04000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt04000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt09250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt025250
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03259
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0182
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0196
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0155
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0490
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04282
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0247041
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0214504
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0272346
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0256974
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0990865
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03259
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0182
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0196
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0155
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0490
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04282
IRS990ScheduleA/InvestmentIncomeCYPct00.00420
IRS990ScheduleA/InvestmentIncomePYPct00.00120
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt04575
IRS990ScheduleA/OtherIncome509Grp/TotalAmt04575
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99140
IRS990ScheduleA/PublicSupportPY509Pct00.99340
IRS990ScheduleA/PublicSupportTotal509Amt01016115
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0250041
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0219504
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0276346
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0260974
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt09250
IRS990ScheduleA/Total509Grp/TotalAmt01016115
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0253300
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0219686
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0276542
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0261129
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt014315
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01024972
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0228331
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0875
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt023500
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt024375
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0125000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1495000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2776060
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt340000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt46000
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 VIRGINIA ENTERPRISE INITIATIVE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0253300
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS RULED THAT THE CENTRE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0875
IRS990ScheduleD/TotalExpensesPerForm990Amt0228331
IRS990ScheduleD/TotalLiabilityAmt01442060
IRS990ScheduleD/TotalRevenuePerForm990Amt0253300
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0253300
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0228331
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 OCTOBER 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

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,883,941
Liabilities
$1,462,802
Net assets
$421,139
Revenue
$253,300
Expenses
$228,330
Net income
$24,970
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