Liabilities / Assets
89th percentile
Higher debt load relative to assets than 89% of similar nonprofits.
EIN 54-1897618 • 501(c)6 • Blacksburg, VA
Profile
To serve and promote the technolgy industry for the purpose of driving prosperity and to champion a climate for the sustainable success of technology-based businesses in the region. We recognize and work to support the following key drivers that influence the success and growth of the region's technology industries:building strong local networksfacilitating connections to regional educational institutionspromoting supportive infrastructure and resourcespromoting diverse sources of capitalsupporting an entrepreneur and technology friendly environment
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
89th percentile
Higher debt load relative to assets than 89% of similar nonprofits.
Liabilities / Revenue
70th percentile
Higher debt load relative to revenue than 70% of similar nonprofits.
Net Margin
76th percentile
Higher net margin than 76% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
96th percentile
Faster asset growth than 96% of similar nonprofits.
Revenue Growth
91st percentile
Faster revenue growth than 91% of similar nonprofits.
Assets
Up$177,728
Up $70,779 (+66%) from 2022
Liabilities
Down$93,811
Down $5,985 (-6.0%) from 2022
Net Assets
Up$83,917
Up $76,764 (+1073%) from 2022
Revenue
Up$512,311
Up $168,001 (+49%) from 2022
Expenses
Up$435,547
Up $162 (+0.0%) from 2022
Net Income
Up$76,764
Up $167,839 (+184%) from 2022
Most recent year
2023 • Form 990Summary only. Only limited summary data is available for this year.
The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2022 below.
To serve and promote the technolgy industry for the purpose of driving prosperity and to champion a climate for the sustainable success of technology-based businesses in the region. We recognize and work to support the following key drivers that influence the success and growth of the region's technology industries:building strong local networksfacilitating connections to regional educational institutionspromoting supportive infrastructure and resourcespromoting diverse sources of capitalsupporting an entrepreneur and technology friendly environment
RBTC is an extensive network of technology professionals, businesses, and organizations collaborating to create a nationally recognized innovation ecosystem through entrepreneurship, programming, mentoring, and leadership.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Accounts Receivable | $73,167 | $68,419 | ▼ $4,748 |
| Cash and Non-Interest-Bearing Accounts | $101,385 | $38,468 | ▼ $62,917 |
| Rtn Earn Endowment Incm Other Fnds | $98,228 | $7,153 | ▼ $91,075 |
| Total Assets | $174,552 | $106,949 | ▼ $67,603 |
| Other Assets Total | - | $62 | - |
| Liabilities | |||
| Deferred Revenue | $12,403 | $84,547 | ▲ $72,144 |
| Unsecured Notes Loans Payable | $62,421 | $11,575 | ▼ $50,846 |
| Other Liabilities | - | $3,424 | - |
| Accounts Payable and Accrued Expenses | $1,500 | $250 | ▼ $1,250 |
| Total Liabilities | $76,324 | $99,796 | ▲ $23,472 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $98,228 | $7,153 | ▼ $91,075 |
| Total Liabilities and Net Assets / Fund Balance | $174,552 | $106,949 | ▼ $67,603 |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Erin Burcham | Director | FT | $112,320 | $112,320 |
| Name | Title |
|---|---|
| Ken Ferris | Co-Chair |
| Marty Muscatello | Co-Chair |
| Angela Joyner | Director |
| Cheryl Giggetts | Director |
| Doug Juanarena | Director |
| Eddie Amos | Director |
| Grant Brewer | Director |
| Greg Feldman | Director |
| Harvey Brookins | Director |
| Henry Bass | Director |
| Jeff Merritt | Director |
| John Capps | Director |
| Michael Friedlander | Director |
| Nick Conte | Director |
| Pat Huber | Director |
| Steve Critchfield | Director |
| Victor Ianello | Director |
| William Fralin | Director |
| Amy Ankrum | Executive Committee Member |
| David Catalano | Executive Committee Member |
| Kathy Claytor | Executive Committee Member |
| Kevin Bloomfield | Executive Committee Member |
| Russ Ellis | Executive Committee Member |
| Ed Lawhorn | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $251,556 |
| Salaries, Compensation, and Employee Benefits | $183,829 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| All Other Expenses | $0 | $0 | $0 | $207,258 |
| Other Salaries and Wages | $0 | $0 | $0 | $146,627 |
| Other Expenses | $0 | $0 | $0 | $38,737 |
| Payroll Taxes | $0 | $0 | $0 | $37,202 |
| Office Expenses | $0 | $0 | $0 | $5,561 |
| Total Functional Expenses | $0 | $0 | $0 | $435,385 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Amount to do Verge | $3,424 |
“The form 990 is reviewed by the Executive Director, finance contractor, and Executive Committee of the board before filing”
“All governing documents are available for public inspection upon request to an officer of the Executive Director in our office during normal business hours.”
“The Verge President's compensation review goes through the Board of Directors Compensation Committee which includes board co-chairs and an independent CPA.”
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/ActivityOrMissionDesc | 0 | RBTC is an extensive network of technology professionals, businesses, and organizations collaborating to create a nationally recognized innovation ecosystem through entrepreneurship, programming, mentoring, and leadership. |
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| IRS990/Desc | 0 | Tech Nite - spring annual membership award banquet for technology achievements. Tech Night is a recognition event which significantly raises the awareness of the technology business in the community. The result of this recognition is to increase interest, investment and employment within technology companies that are members of the RBTC. |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Director |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Executive Committee Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Co-Chair |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 16 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 17 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 18 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 19 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 20 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 21 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 22 | Treasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 23 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 24 | Co-Chair |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | false |
| IRS990/FormationYr | 0 | 1998 |
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| IRS990/GoverningBodyVotingMembersCnt | 0 | 35 |
| IRS990/GovernmentGrantsAmt | 0 | 46494 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 344310 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 34 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembershipDuesAmt | 0 | 34950 |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | RBTC is an extensive network of technology professionals, businesses, and organizations collaborating to create a nationally recognized innovation ecosystem through entrepreneurship, programming, mentoring, and leadership. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 98228 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 7153 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OfficeExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 5561 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrgDoesNotFollowFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 62 |
| IRS990/OtherExpensesGrp/Desc | 0 | Events |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 38737 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 3424 |
| IRS990/OtherSalariesAndWagesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 146627 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/FundraisingAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 37202 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrincipalOfficerNm | 0 | Erin Burcham |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Program services |
| IRS990/ProgramServiceRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 24002 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Roundtable - peer forums provide a venue for information exchange and relationship development geared towards stregthening the local technology industry. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 14000 |
| IRS990/ProgSrvcAccomActy2Grp/RevenueAmt | 0 | 15663 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 458328 |
| IRS990/PYInvestmentIncomeAmt | 0 | 1 |
| IRS990/PYOtherExpensesAmt | 0 | 396937 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 132051 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 23306 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 170137 |
| IRS990/PYTotalExpensesAmt | 0 | 567074 |
| IRS990/PYTotalRevenueAmt | 0 | 590380 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/QuidProQuoContriDisclInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -91075 |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | true |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RevenueAmt | 0 | 24848 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt | 0 | 98228 |
| IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt | 0 | 7153 |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | false |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | true |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | false |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 3424 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | Amount to do Verge |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 3424 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The form 990 is reviewed by the Executive Director, finance contractor, and Executive Committee of the board before filing |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | All governing documents are available for public inspection upon request to an officer of the Executive Director in our office during normal business hours. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | The Verge President's compensation review goes through the Board of Directors Compensation Committee which includes board co-chairs and an independent CPA. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt VI, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Pt VI, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Pt VI, Line 15a |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | true |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxableDistributionsInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 174552 |
| IRS990/TotalAssetsEOYAmt | 0 | 106949 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 174552 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 106949 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 320308 |
| IRS990/TotalEmployeeCnt | 0 | 4 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 435385 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 76324 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 99796 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 76324 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 99796 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 98228 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 7153 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 46049 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 24002 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 112320 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 24002 |
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