Civic Intelligence

New Century Technology Council Inc

990 • Fiscal year 2018 • EIN 54-1897618

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

Organization ProfileWWW.RBTC.TECH
1700 Kraft Drive No 2155Blacksburg, VA 24060

(540) 443-9232

Siviq Scores

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

Liabilities / Assets

98th percentile

1.27x

Higher debt load relative to assets than 98% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

71st percentile

0.21x

Higher debt load relative to revenue than 71% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

9th percentile

-15%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

82nd percentile

$130,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 24.4% of source-year revenue.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

94th percentile

49%

Faster revenue growth than 94% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$88,235

Down $17,394 (-16%) from 2017

Net Assets

Down

-$23,467

Down $81,586 (-140%) from 2017

Liabilities

Up

$111,702

Up $64,192 (+135%) from 2017

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin9th percentile

Revenue

Up

$533,370

Up $175,431 (+49%) from 2017

Expenses

Up

$614,956

Up $224,504 (+57%) from 2017

Net Income

Down

-$81,586

Down $49,073 (-151%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

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

$200K$100K$0-$100KAssets 2010: $65,285Liabilities 2010: $3,507Net Assets 2010: $61,7782010Assets 2011: $100,663Liabilities 2011: $26,846Net Assets 2011: $73,8172011Assets 2012: $112,717Liabilities 2012: $41,127Net Assets 2012: $71,5902012Assets 2013: $191,363Liabilities 2013: $67,587Net Assets 2013: $123,7762013Assets 2014: $133,106Liabilities 2014: $16,138Net Assets 2014: $116,9682014Assets 2015: $142,068Liabilities 2015: $26,459Net Assets 2015: $115,6092015Assets 2016: $116,394Liabilities 2016: $25,762Net Assets 2016: $90,6322016Assets 2017: $105,629Liabilities 2017: $47,510Net Assets 2017: $58,1192017Assets 2018: $88,235Liabilities 2018: $111,702Net Assets 2018: -$23,4672018Assets 2019: $143,013Liabilities 2019: $104,420Net Assets 2019: $38,5932019Assets 2020: $165,547Liabilities 2020: $89,605Net Assets 2020: $75,9422020Assets 2021: $174,552Liabilities 2021: $76,324Net Assets 2021: $98,2282021Assets 2022: $106,949Liabilities 2022: $99,796Net Assets 2022: $7,1532022Assets 2023: $177,728Liabilities 2023: $93,811Net Assets 2023: $83,9172023

Highlighted filing

2018

Assets$88,235
Liabilities$111,702
Net Assets-$23,467
Open 2018 Filing

Operations Trend

Revenue Growth94th percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2010: $291,7862010Revenue 2011: $318,714Expenses 2011: $306,675Net Income 2011: $12,0392011Revenue 2012: $326,308Expenses 2012: $328,535Net Income 2012: -$2,2272012Revenue 2013: $400,327Expenses 2013: $348,141Net Income 2013: $52,1862013Revenue 2014: $385,439Expenses 2014: $392,247Net Income 2014: -$6,8082014Revenue 2015: $424,779Expenses 2015: $424,083Net Income 2015: $6962015Revenue 2016: $360,797Expenses 2016: $385,774Net Income 2016: -$24,9772016Revenue 2017: $357,939Expenses 2017: $390,452Net Income 2017: -$32,5132017Revenue 2018: $533,370Expenses 2018: $614,956Net Income 2018: -$81,5862018Revenue 2019: $638,621Expenses 2019: $597,811Net Income 2019: $40,8102019Revenue 2020: $477,301Expenses 2020: $470,652Net Income 2020: $6,6492020Revenue 2021: $590,380Expenses 2021: $568,074Net Income 2021: $22,3062021Revenue 2022: $344,310Expenses 2022: $435,385Net Income 2022: -$91,0752022Revenue 2023: $512,311Expenses 2023: $435,547Net Income 2023: $76,7642023

Highlighted filing

2018

Revenue$533,370
Expenses$614,956
Net Income-$81,586
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$533,370
Mission and Program Overview

Mission

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

Foster a climate for sustainable success of technology based businesses in western virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$10,187$73,314▲ $63,127
Prepaid Expenses and Deferred Charges$3,185$12,062▲ $8,877
Cash and Non-Interest-Bearing Accounts$30,712$2,526▼ $28,186
Savings and Temporary Cash Investments$61,545$333▼ $61,212
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$58,119$-23,467▼ $81,586
Total Assets$105,629$88,235▼ $17,394
Liabilities
Deferred Revenue$35,557$74,182▲ $38,625
Accounts Payable and Accrued Expenses$11,953$37,520▲ $25,567
Total Liabilities$47,510$111,702▲ $64,192
Net Assets / Fund Balance
Total Net Assets Fund Balance$58,119$-23,467▼ $81,586
Total Liabilities and Net Assets / Fund Balance$105,629$88,235▼ $17,394

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$9,326$9,326
Compensation and Service Providers
Top Officer Pay82nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Robert McadenPresident, E-team MemberPT$130,000$130,000

Board Members and Trustees

NameTitle
Amy AnkrumBoard Member
Bob StolleBoard Member
Clark WorthyBoard Member
Danny KempBoard Member
Joe MeredithBoard Member
Kathy ClaytorBoard Member
Marjorie TenzerBoard Member
Mary Anne McelmurrayBoard Member
Meredith HundleyBoard Member
Sean PetersBoard Member
Steve CritchfieldBoard Member
Tyler ClontzBoard Member
Wally NewtonBoard Member
Wayne StrcklandBoard Member
Beth WallerBoard Member, E-team Membe
Donald DeedsBoard Member, E-team Membe
Henry BassBoard Member, E-team Membe
Jeff SmithBoard Member, E-team Membe
Kevin BloomfieldBoard Member, E-team Membe
Patrick PattersonBoard Member, E-team Membe
Beth ShermanSecretary, E-team Member
Revenue and Support

Revenue Composition

Contributions and Grants
$365,938
Program Service Revenue
$167,411
Investment Income
$21
Other Revenue
$0
All Other Contributions
$257,214
Change in Net Assets
$-81,586
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$312,526
Other Expenses$302,430
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$146,500
Current Officers, Directors, Trustees, and Key Employees---$130,000
Fees for Services Management---$30,842
Payroll Taxes---$23,146
Fees for Services Other---$20,753
Fees for Services Accounting---$19,668
All Other Expenses---$13,163
Other Employee Benefits---$12,880
Information Technology---$8,939
Occupancy---$8,300
Office Expenses---$6,177
Conferences and Meetings---$5,679
Other Expenses---$5,500
Insurance---$2,414
Travel---$935
Total Functional Expenses$0$0$0$614,956
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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

“The form 990 is reviewed by the executive director and the executive committee of the board before filing with the irs.”

Form 990, Part VI, Section B, Line 15A

“A review for the compensation (base salary and commission percentages) for the executive director is completed by the executive committee each year during the review of the annual budget and is then approved with the budget approval at the board of directors meeting in january. Quarterly bonuses for the executive director are approved by the president of the corporation on a quarterly basis.”

Form 990, Part VI, Section C, Line 19

“All governing documents are available for public inspection upon request to an officer/executive director or operations manager in our offices, monday through friday, during normal business hours.”

Filing and Contact Details

Filer

Filer Name
New Century Technology Council Inc
EIN
54-1897618
Phone
5404439232
Address
1700 KRAFT DRIVE NO 2155, BLACKSBURG, VA 24060
Doing Business As
Roanoke Blacksburg Technology

Signing Officer

Name
John Phillips
Title
President & CEO
Phone
5404439232
Signed
2019-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Phillips
Formed
1998
Legal Domicile
Va
Voting Board Members
20
Independent Board Members
20
Employees
5
Volunteers
100

Preparer

Firm
Brown Edwards & Company Llp
Address
319 MCCLANAHAN STREET SW, ROANOKE, VA 24014
Preparer
Mary Anne Mcelmurray
Phone
5403450936
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“Regional acceleration and mentoring program (ramp) - provided technology start up advising services to 5 companies. These companies graduated from ramp to begin operations within the local area. Grant monies from the state of virginia were used to reimburse up to 50% of specifically authorized expense items incurred by ramp.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER, E-TEAM MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER, E-TEAM MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY, E-TEAM MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER, E-TEAM MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER, E-TEAM MEMBE
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21PRESIDENT, E-TEAM MEMBER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GovernmentGrantsAmt071274
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0533370
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt08939
IRS990/InsuranceGrp/TotalAmt02414
IRS990/InvestmentIncomeGrp/ExclusionAmt021
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt021
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt09326
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt09326
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt037450
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt058119
IRS990/NetAssetsOrFundBalancesEOYAmt0-23467
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt08300
IRS990/OfficeExpensesGrp/TotalAmt06177
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012880
IRS990/OtherExpensesGrp/Desc0PROGRAM EVENT EXPENSES
IRS990/OtherExpensesGrp/Desc1COHORT FUNDING
IRS990/OtherExpensesGrp/Desc2PROGRAM SERVICES EXPENS
IRS990/OtherExpensesGrp/Desc3STAFF PROFESSIONAL DEVE
IRS990/OtherExpensesGrp/TotalAmt0106760
IRS990/OtherExpensesGrp/TotalAmt161500
IRS990/OtherExpensesGrp/TotalAmt211800
IRS990/OtherExpensesGrp/TotalAmt35500
IRS990/OtherSalariesAndWagesGrp/TotalAmt0146500
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt023146
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03185
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt012062
IRS990/PrincipalOfficerNm0JOHN PHILLIPS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0167411
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0167411
IRS990/ProgSrvcAccomActy2Grp/Desc0ROUNDTABLE - PEER FORUMS PROVIDE A VENUE FOR INFORMATION EXCHANGE AND RELATIONSHIP DEVELOPMENT GEARED TOWARDS STRENGTHENING LOCAL TECHNOLOGY INDUSTRY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt011600
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt017400
IRS990/ProgSrvcAccomActy3Grp/Desc0TECH NITE AND FALL GALA - SPRING ANNUAL MEMBERSHIP AWARD BANQUET FOR TECHNOLOGY ACHIEVEMENTS (500+ ATTENDEES) AND FALL TECHNOLOGY SHOWCASE EVENTS (275+ ATTENDEES). TECHNITE IS A RECOGNITION EVENT WHICH SIGNIFICANTLY RAISES THE AWARENESS OF THE TECHNOLOGY BUSINESSES IN THE COMMUNITY. THE RESULT OF THIS RECOGNITION IS TO INCREASE INTEREST, INVESTMENT AND EMPLOYMENT WITHIN TECHNOLOGY COMPANIES THAT ARE MEMBERS OF THE RBTC.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt086798
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt087925
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER MISCELLANEOUS PROGRAMS
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt021725
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt041886
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0197075
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt068
IRS990/PYOtherExpensesAmt0186179
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0160796
IRS990/PYRevenuesLessExpensesAmt0-32513
IRS990/PYSalariesCompEmpBnftPaidAmt0204273
IRS990/PYTotalExpensesAmt0390452
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0357939
IRS990/ReconcilationRevenueExpnssAmt0-81586
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt020200
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt058119
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-23467
IRS990/SavingsAndTempCashInvstGrp/BOYAmt061545
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0333
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09326
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09326
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REGIONAL ACCELERATION AND MENTORING PROGRAM (RAMP) - PROVIDED TECHNOLOGY START UP ADVISING SERVICES TO 5 COMPANIES. THESE COMPANIES GRADUATED FROM RAMP TO BEGIN OPERATIONS WITHIN THE LOCAL AREA. GRANT MONIES FROM THE STATE OF VIRGINIA WERE USED TO REIMBURSE UP TO 50% OF SPECIFICALLY AUTHORIZED EXPENSE ITEMS INCURRED BY RAMP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE EXECUTIVE COMMITTEE OF THE BOARD BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A REVIEW FOR THE COMPENSATION (BASE SALARY AND COMMISSION PERCENTAGES) FOR THE EXECUTIVE DIRECTOR IS COMPLETED BY THE EXECUTIVE COMMITTEE EACH YEAR DURING THE REVIEW OF THE ANNUAL BUDGET AND IS THEN APPROVED WITH THE BUDGET APPROVAL AT THE BOARD OF DIRECTORS MEETING IN JANUARY. QUARTERLY BONUSES FOR THE EXECUTIVE DIRECTOR ARE APPROVED BY THE PRESIDENT OF THE CORPORATION ON A QUARTERLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST TO AN OFFICER/EXECUTIVE DIRECTOR OR OPERATIONS MANAGER IN OUR OFFICES, MONDAY THROUGH FRIDAY, DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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/BusinessNameLine1Txt0THE ROANOKE-BLACKSBURG INNOVATION AUTHORITYAKA VALLEY INNOVATION COUNCIL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0462975294
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOP AN INNOVATION ECOSYSTEM IN THE ROANOKE & NEW RIVER VALLEYS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02200 KRAFT DRIVE STE 1400
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BLACKSBURG
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd024060
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$88,235
Liabilities
$111,702
Net assets
-$23,467
Revenue
$533,370
Expenses
$614,956
Net income
-$81,586
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$1.78$0.94$0.84$5.12$4.36$0.77
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$1.00$0.07$3.44$4.35$0.91
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.75$0.76$0.98$5.90$5.68$0.22
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.90$0.76$4.77$4.71$0.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$1.04$0.39$6.39$5.98$0.41
2018Detailed filing. Detailed filing data is available for this year.$0.88$1.12$0.23$5.33$6.15$0.82
2017Summary only. Only limited summary data is available for this year.$1.06$0.48$0.58$3.58$3.90$0.33
2016Summary only. Only limited summary data is available for this year.$1.16$0.26$0.91$3.61$3.86$0.25
2015Detailed filing. Detailed filing data is available for this year.$1.42$0.26$1.16$4.25$4.24$0.01
2014Summary only. Only limited summary data is available for this year.$1.33$0.16$1.17$3.85$3.92$0.07
2013Detailed filing. Detailed filing data is available for this year.$1.91$0.68$1.24$4.00$3.48$0.52
2012Summary only. Only limited summary data is available for this year.$1.13$0.41$0.72$3.26$3.29$0.02
2011Summary only. Only limited summary data is available for this year.$1.01$0.27$0.74$3.19$3.07$0.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.65$0.04$0.62$2.92