Civic Intelligence

Mountain Empire Regional Business Incubator Inc.

990 • Fiscal year 2016 • EIN 54-1823988

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 06, 2017

Organization Profile
PO Box 408Duffield, VA 24244

(276) 679-1090

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.02x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.05x

Higher debt load relative to revenue than 55% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

42nd percentile

0.4%

Higher net margin than 42% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

45th percentile

0.3%

Faster asset growth than 45% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

89th percentile

62%

Faster revenue growth than 89% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$776,910

Up $2,407 (+0.3%) from 2015

Net Assets

Up

$762,985

Up $1,099 (+0.1%) from 2015

Liabilities

Up

$13,925

Up $1,308 (+10%) from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin42nd percentile

Revenue

Up

$265,372

Up $101,359 (+62%) from 2015

Expenses

Up

$264,273

Up $59,696 (+29%) from 2015

Net Income

Up

$1,099

Up $41,663 (+103%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,019,874Liabilities 2011: $12,399Net Assets 2011: $1,007,4752011Assets 2012: $963,980Liabilities 2012: $12,385Net Assets 2012: $951,5952012Assets 2013: $886,360Liabilities 2013: $18,925Net Assets 2013: $867,4352013Assets 2014: $816,462Liabilities 2014: $14,012Net Assets 2014: $802,4502014Assets 2015: $774,503Liabilities 2015: $12,617Net Assets 2015: $761,8862015Assets 2016: $776,910Liabilities 2016: $13,925Net Assets 2016: $762,9852016Assets 2017: $763,620Liabilities 2017: $11,674Net Assets 2017: $751,9462017Assets 2018: $747,219Liabilities 2018: $12,401Net Assets 2018: $734,8182018Assets 2019: $727,659Liabilities 2019: $11,008Net Assets 2019: $716,6512019Assets 2020: $697,855Liabilities 2020: $14,362Net Assets 2020: $683,4932020Assets 2021: $655,611Liabilities 2021: $14,847Net Assets 2021: $640,7642021Assets 2022: $603,640Liabilities 2022: $13,278Net Assets 2022: $590,3622022Assets 2023: $485,818Liabilities 2023: $13,216Net Assets 2023: $472,6022023Assets 2024: $415,654Liabilities 2024: $13,016Net Assets 2024: $402,6382024

Highlighted filing

2016

Assets$776,910
Liabilities$13,925
Net Assets$762,985
Open 2016 Filing

Operations Trend

Revenue Growth89th percentile

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

$300K$200K$100K$0-$100K-$200KExpenses 2011: $193,3782011Expenses 2012: $202,2262012Expenses 2013: $204,1932013Revenue 2014: $168,496Expenses 2014: $233,481Net Income 2014: -$64,9852014Revenue 2015: $164,013Expenses 2015: $204,577Net Income 2015: -$40,5642015Revenue 2016: $265,372Expenses 2016: $264,273Net Income 2016: $1,0992016Revenue 2017: $218,877Expenses 2017: $229,916Net Income 2017: -$11,0392017Revenue 2018: $208,315Expenses 2018: $225,443Net Income 2018: -$17,1282018Revenue 2019: $186,071Expenses 2019: $204,238Net Income 2019: -$18,1672019Revenue 2020: $173,724Expenses 2020: $206,882Net Income 2020: -$33,1582020Revenue 2021: $165,531Expenses 2021: $208,260Net Income 2021: -$42,7292021Revenue 2022: $144,150Expenses 2022: $169,347Net Income 2022: -$25,1972022Revenue 2023: $81,637Expenses 2023: $199,398Net Income 2023: -$117,7612023Revenue 2024: $118,037Expenses 2024: $188,001Net Income 2024: -$69,9642024

Highlighted filing

2016

Revenue$265,372
Expenses$264,273
Net Income$1,099
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 6, 2017
Return Version
2015v3.0
Gross Receipts
$265,372
Mission and Program Overview

Mission

Operating two small business incubator facilities serving the far southwestern corner of virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$611,938$584,940▼ $26,998
Savings and Temporary Cash Investments$136,716$115,811▼ $20,905
Cash and Non-Interest-Bearing Accounts$13,322$55,185▲ $41,863
Accounts Receivable$12,527$20,950▲ $8,423
Total Assets$774,503$776,910▲ $2,407
Other Assets Total-$24-
Liabilities
Accounts Payable and Accrued Expenses$12,617$13,925▲ $1,308
Total Liabilities$12,617$13,925▲ $1,308
Net Assets / Fund Balance
Unrestricted Net Assets$761,886$762,985▲ $1,099
Total Net Assets Fund Balance$761,886$762,985▲ $1,099
Total Liabilities and Net Assets / Fund Balance$774,503$776,910▲ $2,407

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$584,940$693,276$1,278,216
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Shannon BlevinsPresident
Daniel a RollinsDirector
Fred RameyDirector
John KilgoreDirector
Paul JohnsonDirector
Susan CopelandDirector
Tim BlankenbeclerDirector
Tyler GilesDirector
Kathy NoeTreasurer
Charles Slemp JrVice Preside
Larry VicarsVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$50,000
Program Service Revenue
$214,295
Investment Income
$26
Other Revenue
$1,051
Change in Net Assets
$1,099

Audited Revenue Reconciliation

Revenue per Audited Statements
$265,372
Total Revenue per Audited Statements
$265,372
Total Revenue per Form 990
$265,372
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$264,273
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$58,774$6,531-$65,305
All Other Expenses$29,635$2,432-$32,067
Depreciation Depletion$26,999--$26,999
Other Expenses$14,339$1,593-$15,932
Insurance$752--$752
Conferences and Meetings-$158-$158
Office Expenses-$111-$111
Travel-$111-$111
Total Functional Expenses$225,611$38,662$0$264,273

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$264,273
Total Expenses per Audited Statements$264,273
Total Expenses per Form 990$264,273
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
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, Page 6, Part VI, Line 11B

“Return reviewed by officer before filing”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Mountain Empire Regional Business
EIN
54-1823988
Address
PO BOX 408, DUFFIELD, VA 24244

Signing Officer

Name
Shannon Blevins
Title
President
Phone
2764317226
Signed
2017-02-06

Organization Details

Principal Officer
Shannon Blevins
Legal Domicile
Va
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Thrower Blanton & Associates Pc
Address
612 TRENT ST NE, NORTON, VA 24273-1532
Preparer
Charles F Lawson CPA
Phone
2766792780
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Maintenance 11,757 0 0 accounting and legal 8,100 0 0 supplies 5,899 655 0 equipment rent 3,607 0 0 internet 0 1,149 0 dues and subs 0 628 0 marketing 272 0 0”

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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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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0146
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0253
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0131
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0152
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0682
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99460
IRS990ScheduleA/PublicSupportPY509Pct00.99140
IRS990ScheduleA/PublicSupportTotal509Amt0860498
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0265372
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0162902
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0168496
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0119070
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0144658
IRS990ScheduleA/Total509Grp/TotalAmt0860498
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0265372
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0164013
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0169376
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0120031
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0146346
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0865138
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0584940
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0693276
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01278216
IRS990ScheduleD/ExpensesSubtotalAmt0264273
IRS990ScheduleD/RevenueSubtotalAmt0265372
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0584940
IRS990ScheduleD/TotalExpensesPerForm990Amt0264273
IRS990ScheduleD/TotalRevenuePerForm990Amt0265372
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0265372
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0264273
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RETURN REVIEWED BY OFFICER BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MAINTENANCE 11,757 0 0 ACCOUNTING AND LEGAL 8,100 0 0 SUPPLIES 5,899 655 0 EQUIPMENT RENT 3,607 0 0 INTERNET 0 1,149 0 DUES AND SUBS 0 628 0 MARKETING 272 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 24E
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0774503
IRS990/TotalAssetsEOYAmt0776910
IRS990/TotalAssetsGrp/BOYAmt0774503
IRS990/TotalAssetsGrp/EOYAmt0776910
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt050000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt038662
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0225611
IRS990/TotalFunctionalExpensesGrp/TotalAmt0264273
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt012617
IRS990/TotalLiabilitiesEOYAmt013925
IRS990/TotalLiabilitiesGrp/BOYAmt012617
IRS990/TotalLiabilitiesGrp/EOYAmt013925
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0761886
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0762985
IRS990/TotalProgramServiceExpensesAmt0225611
IRS990/TotalProgramServiceRevenueAmt0214295
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0215372
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0265372
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0774503
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0776910
IRS990/TravelGrp/ManagementAndGeneralAmt0111
IRS990/TravelGrp/TotalAmt0111
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0761886
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0762985
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE COLLEGE AVE
IRS990/USAddress/CityNm0WISE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024293
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0SHANNON BLEVINS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02764317226
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MOUNTAIN EMPIRE REGIONAL BUSINESS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INCUBATOR INC
ReturnHeader/Filer/BusinessNameControlTxt0MOUN
ReturnHeader/Filer/EIN0541823988
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 408
ReturnHeader/Filer/USAddress/CityNm0DUFFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd024244
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0541921728
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0THROWER BLANTON & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0612 TRENT ST NE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0242731532
ReturnHeader/PreparerPersonGrp/PhoneNum02766792780
ReturnHeader/PreparerPersonGrp/PreparationDt02017-02-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES F LAWSON CPA
ReturnHeader/ReturnTs02017-02-08T15:56:52-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$776,910
Liabilities
$13,925
Net assets
$762,985
Revenue
$265,372
Expenses
$264,273
Net income
$1,099
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.42$0.01$0.40$0.12$0.19$0.07
2023Detailed filing. Detailed filing data is available for this year.$0.49$0.01$0.47$0.08$0.20$0.12
2022Detailed filing. Detailed filing data is available for this year.$0.60$0.01$0.59$0.14$0.17$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.66$0.01$0.64$0.17$0.21$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.70$0.01$0.68$0.17$0.21$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.73$0.01$0.72$0.19$0.20$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.75$0.01$0.73$0.21$0.23$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.76$0.01$0.75$0.22$0.23$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.78$0.01$0.76$0.27$0.26$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.77$0.01$0.76$0.16$0.20$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.82$0.01$0.80$0.17$0.23$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.02$0.87$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.01$0.95$0.20
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.01$1.01$0.19