Civic Intelligence

Martinsville-Henry County Chambers Partnership for Economic Growth

990 • Fiscal year 2018 • EIN 54-1627126

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 27, 2019

Organization ProfileWWW.MARTINSVILLE.COM/INFO/C-PEG.CFM
PO Box 709Martinsville, VA 24112

(276) 632-6401

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.01x

Higher debt load relative to assets than 42% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

47th percentile

0.03x

Higher debt load relative to revenue than 47% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

79th percentile

22%

Higher net margin than 79% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

17th percentile

-18%

Faster revenue growth than 17% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$675,817

Up $69,777 (+12%) from 2017

Net Assets

Up

$666,349

Up $82,365 (+14%) from 2017

Liabilities

Down

$9,468

Down $12,588 (-57%) from 2017

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin79th percentile

Revenue

Down

$370,134

Down $80,004 (-18%) from 2017

Expenses

Down

$288,817

Down $253 (-0.1%) from 2017

Net Income

Down

$81,317

Down $79,751 (-50%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

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

$1.5M$1.0M$500K$0Assets 2017: $606,040Liabilities 2017: $22,056Net Assets 2017: $583,9842017Assets 2018: $675,817Liabilities 2018: $9,468Net Assets 2018: $666,3492018Assets 2019: $723,357Liabilities 2019: $18,521Net Assets 2019: $704,8362019Assets 2020: $791,210Liabilities 2020: $36,291Net Assets 2020: $754,9192020Assets 2021: $1,021,840Liabilities 2021: $82,479Net Assets 2021: $939,3612021Assets 2022: $1,013,477Liabilities 2022: $76,092Net Assets 2022: $937,3852022Assets 2024: $1,048,023Liabilities 2024: $89,306Net Assets 2024: $958,7172024

Highlighted filing

2018

Assets$675,817
Liabilities$9,468
Net Assets$666,349
Open 2018 Filing

Operations Trend

Revenue Growth17th percentile

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

$600K$400K$200K$0-$200KRevenue 2017: $450,138Expenses 2017: $289,070Net Income 2017: $161,0682017Revenue 2018: $370,134Expenses 2018: $288,817Net Income 2018: $81,3172018Revenue 2019: $358,204Expenses 2019: $318,722Net Income 2019: $39,4822019Revenue 2020: $360,445Expenses 2020: $281,375Net Income 2020: $79,0702020Revenue 2021: $359,553Expenses 2021: $268,356Net Income 2021: $91,1972021Revenue 2022: $362,590Expenses 2022: $299,667Net Income 2022: $62,9232022Revenue 2024: $323,956Expenses 2024: $345,233Net Income 2024: -$21,2772024

Highlighted filing

2018

Revenue$370,134
Expenses$288,817
Net Income$81,317
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 27, 2019
Return Version
2017v2.3
Gross Receipts
$370,134
Mission and Program Overview

Mission

Private funds and support for economic development in martinsville-henry county

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$368,429$388,068▲ $19,639
Cash and Non-Interest-Bearing Accounts$200,568$251,768▲ $51,200
Savings and Temporary Cash Investments$23,972$24,000▲ $28
Accounts Receivable$3,262$6,122▲ $2,860
Other Notes and Loans Receivable, Net$9,617$4,953▼ $4,664
Prepaid Expenses and Deferred Charges-$906-
Land, Buildings, and Equipment, Net$192$0▼ $192
Total Assets$606,040$675,817▲ $69,777
Liabilities
Other Liabilities$10,863$7,173▼ $3,690
Accounts Payable and Accrued Expenses$11,193$2,295▼ $8,898
Total Liabilities$22,056$9,468▼ $12,588
Net Assets / Fund Balance
Unrestricted Net Assets$523,984$601,349▲ $77,365
Temporarily Rstr Net Assets$60,000$65,000▲ $5,000
Total Net Assets Fund Balance$583,984$666,349▲ $82,365
Total Liabilities and Net Assets / Fund Balance$606,040$675,817▲ $69,777

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$10,079$10,079
Compensation and Service Providers
Top Officer Pay50th percentile

Board Members and Trustees

NameTitle
John ParkinsonPresident
Mike GrogranVice President
Amanda Witt-coxDirector
April HaynesDirector
Cindy SummitDirector
Dick EphgraveDirector
Donna MorrisonDirector
Dr Angeline GodwinDirector
Jason DavisDirector
Leon TowarnickiDirector
Scott GriffinDirector
Sean NixDirector
Steve DraperDirector
W Clay CampbellDirector
Gary CollinsSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$191,964
Program Service Revenue
$159,281
Investment Income
$18,889
Other Revenue
$0
All Other Contributions
$37,164
Change in Net Assets
$81,317
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$211,058
Grants and Similar Amounts Paid$41,723
Salaries, Compensation, and Employee Benefits$36,036
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$41,723--$41,723
Other Salaries and Wages$33,475--$33,475
Other Expenses$32,796$16,738-$32,796
All Other Expenses$22,000$538-$22,538
Fees for Services Management$7,500$7,500-$15,000
Fees for Services Accounting-$6,400-$6,400
Advertising$2,800--$2,800
Payroll Taxes$2,561--$2,561
Insurance-$906-$906
Depreciation Depletion-$193-$193
Total Functional Expenses$249,042$39,775$0$288,817
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
Security Deposits$4,323
Prepaid Rent$2,850
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“Organizations reviews before return is filed.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Martinsivlle-hc Chamber
EIN
54-1627126
Phone
2766326401
Address
PO BOX 709, MARTINSVILLE, VA 24112

Signing Officer

Name
John Parkinson
Title
President
Phone
2766326401
Signed
2019-02-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Parkinson
Formed
1992
Legal Domicile
Va
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
HARRIS HARVEY NEAL & COLLPCPA'S
Address
231 EAST CHURCH ST 5TH FLOOR, MARTINSVILLE, VA 24112
Preparer
Jonathan V Wright CPA
Phone
2766329871
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IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0450138
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt081317
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0164555
IRS990/SavingsAndTempCashInvstGrp/BOYAmt023972
IRS990/SavingsAndTempCashInvstGrp/EOYAmt024000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0346243
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0438637
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0318931
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt052955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt049435
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01206201
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt018889
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt011501
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt019116
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06690
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03830
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt060026
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.95430
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0346243
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt052955
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt049435
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01206201
IRS990ScheduleA/TotalSupportAmt01266227
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010079
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010079
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14323
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
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IRS990ScheduleD/TotalLiabilityAmt07173
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS REVIEWS BEFORE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
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IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt09468
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IRS990/TotalLiabilitiesGrp/EOYAmt09468
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IRS990/TotalProgramServiceExpensesAmt0249042
IRS990/TotalProgramServiceRevenueAmt0159281
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0178170
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0370134
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0523984
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0601349
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 709
IRS990/USAddress/CityNm0MARTINSVILLE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024112
IRS990/VotingMembersGoverningBodyCnt015
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IRS990/WebsiteAddressTxt0WWW.MARTINSVILLE.COM/INFO/C-PEG.CFM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN PARKINSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$675,817
Liabilities
$9,468
Net assets
$666,349
Revenue
$370,134
Expenses
$288,817
Net income
$81,317
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.09$0.96$0.32$0.35$0.02
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.01$0.08$0.94$0.36$0.30$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.02$0.08$0.94$0.36$0.27$0.09
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.04$0.75$0.36$0.28$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$0.02$0.70$0.36$0.32$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.68$0.01$0.67$0.37$0.29$0.08
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.02$0.58$0.45$0.29$0.16
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $500k-$1M nonprofits