Civic Intelligence

Dan River Business Development Center

990 • Fiscal year 2015 • EIN 54-1944252

Jul 01, 2014 to Jun 30, 2015 • Filed on Feb 04, 2016

Organization ProfileWWW.DRDBC.COM
300 Ringgold Industrial ParkwayDanville, VA 24540

(434) 793-9100

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.03x

Higher debt load relative to assets than 33% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

18th percentile

0.00x

Higher debt load relative to revenue than 18% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

38th percentile

-0.4%

Higher net margin than 38% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

33rd percentile

-2.6%

Faster asset growth than 33% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

140%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$327,518

Down $8,870 (-2.6%) from 2014

Net Assets

Down

$318,785

Down $6,886 (-2.1%) from 2014

Liabilities

Down

$8,733

Down $1,984 (-19%) from 2014

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin38th percentile

Revenue

Up

$1,915,250

Up $1,117,230 (+140%) from 2014

Expenses

Up

$1,922,136

Up $1,107,105 (+136%) from 2014

Net Income

Up

-$6,886

Up $10,125 (+60%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$800K$600K$400K$200K$0Assets 2011: $641,753Liabilities 2011: $238,596Net Assets 2011: $403,1572011Assets 2012: $399,459Liabilities 2012: $20,800Net Assets 2012: $378,6592012Assets 2013: $351,293Liabilities 2013: $8,611Net Assets 2013: $342,6822013Assets 2014: $336,388Liabilities 2014: $10,717Net Assets 2014: $325,6712014Assets 2015: $327,518Liabilities 2015: $8,733Net Assets 2015: $318,7852015Assets 2016: $342,951Liabilities 2016: $8,558Net Assets 2016: $334,3932016Assets 2017: $453,621Liabilities 2017: $11,514Net Assets 2017: $442,1072017Assets 2018: $339,788Liabilities 2018: $8,331Net Assets 2018: $331,4572018Assets 2019: $381,816Liabilities 2019: $7,906Net Assets 2019: $373,9102019Assets 2020: $429,067Liabilities 2020: $17,606Net Assets 2020: $411,4612020Assets 2021: $466,687Liabilities 2021: $22,521Net Assets 2021: $444,1662021Assets 2022: $481,778Liabilities 2022: $6,867Net Assets 2022: $474,9112022Assets 2023: $503,000Liabilities 2023: $9,096Net Assets 2023: $493,9042023Assets 2024: $521,240Liabilities 2024: $9,250Net Assets 2024: $511,9902024Assets 2025: $511,378Liabilities 2025: $9,420Net Assets 2025: $501,9582025

Highlighted filing

2015

Assets$327,518
Liabilities$8,733
Net Assets$318,785
Open 2015 Filing

Operations Trend

Revenue Growth95th percentile

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

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,424,829Expenses 2011: $1,354,726Net Income 2011: $70,1032011Revenue 2012: $713,404Expenses 2012: $737,902Net Income 2012: -$24,4982012Expenses 2013: $964,3362013Revenue 2014: $798,020Expenses 2014: $815,031Net Income 2014: -$17,0112014Revenue 2015: $1,915,250Expenses 2015: $1,922,136Net Income 2015: -$6,8862015Revenue 2016: $801,898Expenses 2016: $786,290Net Income 2016: $15,6082016Revenue 2017: $1,732,665Expenses 2017: $1,624,951Net Income 2017: $107,7142017Revenue 2018: $1,586,002Expenses 2018: $1,696,652Net Income 2018: -$110,6502018Revenue 2019: $1,277,377Expenses 2019: $1,234,924Net Income 2019: $42,4532019Revenue 2020: $916,813Expenses 2020: $879,262Net Income 2020: $37,5512020Revenue 2021: $311,296Expenses 2021: $278,591Net Income 2021: $32,7052021Revenue 2022: $543,834Expenses 2022: $528,728Net Income 2022: $15,1062022Revenue 2023: $598,663Expenses 2023: $579,670Net Income 2023: $18,9932023Revenue 2024: $296,984Expenses 2024: $278,898Net Income 2024: $18,0862024Revenue 2025: $286,819Expenses 2025: $296,851Net Income 2025: -$10,0322025

Highlighted filing

2015

Revenue$1,915,250
Expenses$1,922,136
Net Income-$6,886
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Feb 4, 2016
Return Version
2014v6.0
Gross Receipts
$1,915,250
Mission and Program Overview

Mission

To provide educational opportunities to entrepeneurs and to attract, assist and encourage emerging service, technology and light manufacturing businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$202,508$166,652▼ $35,856
Cash and Non-Interest-Bearing Accounts$64,096$124,199▲ $60,103
Savings and Temporary Cash Investments$32,094$32,116▲ $22
Accounts Receivable$37,690$4,551▼ $33,139
Total Assets$336,388$327,518▼ $8,870
Liabilities
Other Liabilities$8,052$8,733▲ $681
Accounts Payable and Accrued Expenses$2,665$0▼ $2,665
Total Liabilities$10,717$8,733▼ $1,984
Net Assets / Fund Balance
Unrestricted Net Assets$325,671$280,227▼ $45,444
Temporarily Rstr Net Assets-$38,558-
Total Net Assets Fund Balance$325,671$318,785▼ $6,886
Total Liabilities and Net Assets / Fund Balance$336,388$327,518▼ $8,870

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$120,927$228,467$349,394
Equipment$15,062$123,563$138,625
Land$30,663-$30,663
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Donnie StevensChairman
Shannon HairVice Chairman
Brenda BowmanDirector
Greg SidesDirector
James BucknerDirector
Jeff BondDirector
Jim BebeauDirector
Ken LarkingDirector
Telly TuckerSecretary
Otis HawkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,805,710
Program Service Revenue
$109,262
Investment Income
$30
Other Revenue
$248
All Other Contributions
$1,695,710
Change in Net Assets
$-6,886

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,915,250
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,915,250
Total Revenue per Form 990
$1,915,250
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,695,710
Other Expenses$144,395
Salaries, Compensation, and Employee Benefits$82,031
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,695,710--$1,695,710
Other Salaries and Wages$45,721$30,481-$76,202
Depreciation Depletion$28,379$18,919-$47,298
Information Technology$7,130$4,753-$11,883
Insurance$4,880$3,253-$8,133
Office Expenses$4,150$2,766-$6,916
Payroll Taxes$3,497$2,332-$5,829
Other Expenses$2,492$1,662-$4,154
Fees for Services Accounting$1,958$1,958-$3,916
All Other Expenses$1,000$505-$1,505
Travel$639--$639
Fees for Services Legal$190$190-$380
Conferences and Meetings$226$150-$376
Total Functional Expenses$1,831,490$90,646$0$1,922,136

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,922,136
Total Expenses per Audited Statements$1,922,136
Total Expenses per Form 990$1,922,136
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tyton Bioscineces CorporationDanville, VA-To Provide Educational Opportunities to Entrepeneurs and to Attract, Assist and Encourage Emerging Service, Technology and Light Manufacturing Businesses.$1,685,160
Irflex CorporationDanville, VA-To Provide Educational Opportunities to Entrepeneurs and to Attract, Assist and Encourage Emerging Service, Technology and Light Manufacturing Businesses.$10,550
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
Customer Deposits$4,574
Accrued Wages$3,864
Accrued and Withheld Payroll Taxes$295
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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 11

“The board of directors reviews and approves the form 990 informational return before filing.”

Form 990, Part VI, Section B, Line 12C

“The organization considers the conflict of interest policy during board meetings, and takes appropriate measures, according to the policy, if a conflict of interest should arise.”

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

“Compensation for top official compensation and annual raises are determined by the board of directors based on comparable positions and other relevant data.”

Form 990, Part VI, Section C, Line 19

“The documents are available upon request of the chairman of the board of directors of the organization.”

Filing and Contact Details

Filer

Filer Name
Dan River Business Development Center
EIN
54-1944252
Phone
4347939100
Address
300 RINGGOLD INDUSTRIAL PARKWAY, DANVILLE, VA 24540

Signing Officer

Name
Donnie Stevens
Title
Chairman
Phone
4347939100
Signed
2016-02-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donnie Stevens
Formed
1998
Legal Domicile
Va
Voting Board Members
10
Independent Board Members
10
Employees
3
Volunteers
0

Preparer

Firm
HARRIS HARVEY NEAL & COLLPCPA'S
Address
PO BOX 3424, DANVILLE, VA 24543-3424
Preparer
Robert D Dorr CPA
Phone
4347923220
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The organization's process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization has received tax-exempt status for income taxes under section 501(c)(3) of the internal revenue code. All income earned relates to the organizations exempt purpose and therefore there is no provision for income taxes. The organization has taken no uncertain tax positions. The organizations federal exempt organization tax returns (form 990) for 2014, 2013, and 2012 are open to examination by the irs; and generally remain open for three years after they are filed.”

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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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IRS990/OtherExpensesGrp/TotalAmt26366
IRS990/OtherExpensesGrp/TotalAmt34154
IRS990/OtherLiabilitiesGrp/BOYAmt08052
IRS990/OtherLiabilitiesGrp/EOYAmt08733
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0248
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0248
IRS990/OtherRevenueTotalAmt0248
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt030481
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt045721
IRS990/OtherSalariesAndWagesGrp/TotalAmt076202
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02332
IRS990/PayrollTaxesGrp/ProgramServicesAmt03497
IRS990/PayrollTaxesGrp/TotalAmt05829
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DONNIE STEVENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0108530
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1732
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0108530
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1732
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0682576
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0603114
IRS990/PYInvestmentIncomeAmt041
IRS990/PYOtherExpensesAmt0153754
IRS990/PYOtherRevenueAmt0619
IRS990/PYProgramServiceRevenueAmt0114784
IRS990/PYRevenuesLessExpensesAmt0-17011
IRS990/PYSalariesCompEmpBnftPaidAmt058163
IRS990/PYTotalExpensesAmt0815031
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0798020
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-6886
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0109540
IRS990/SavingsAndTempCashInvstGrp/BOYAmt032094
IRS990/SavingsAndTempCashInvstGrp/EOYAmt032116
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01838849
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0688093
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0803818
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0626851
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0107689
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04065300
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt041
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0320
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01349
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01832
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0108530
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0113990
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0120664
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0106153
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0115188
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0564525
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt092
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0320
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01349
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01832
IRS990ScheduleA/InvestmentIncomeCYPct00.00040
IRS990ScheduleA/InvestmentIncomePYPct00.00080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0980
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01413
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01539
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt05050
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt017520
IRS990ScheduleA/OtherIncome509Grp/TotalAmt026502
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97220
IRS990ScheduleA/PublicSupportPY509Pct00.95220
IRS990ScheduleA/PublicSupportTotal509Amt04528521
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt0101304
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0101304
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt0101304
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0101304
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01947379
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0802083
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0924482
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0733004
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0222877
IRS990ScheduleA/Total509Grp/TotalAmt04629825
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01948389
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0803537
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0926113
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0738374
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0241746
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04658159
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
IRS990ScheduleD/BuildingsGrp/BookValueAmt0120927
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0228467
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0349394
IRS990ScheduleD/EquipmentGrp/BookValueAmt015062
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0123563
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0138625
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01922136
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt030663
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt030663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04574
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1295
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt23864
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED AND WITHHELD PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED WAGES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01915250
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS RECEIVED TAX-EXEMPT STATUS FOR INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ALL INCOME EARNED RELATES TO THE ORGANIZATIONS EXEMPT PURPOSE AND THEREFORE THERE IS NO PROVISION FOR INCOME TAXES. THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS. THE ORGANIZATIONS FEDERAL EXEMPT ORGANIZATION TAX RETURNS (FORM 990) FOR 2014, 2013, AND 2012 ARE OPEN TO EXAMINATION BY THE IRS; AND GENERALLY REMAIN OPEN FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0166652
IRS990ScheduleD/TotalExpensesPerForm990Amt01922136
IRS990ScheduleD/TotalLiabilityAmt08733
IRS990ScheduleD/TotalRevenuePerForm990Amt01915250
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01915250
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01922136
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01685160
IRS990ScheduleI/RecipientTable/CashGrantAmt110550
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE EDUCATIONAL OPPORTUNITIES TO ENTREPENEURS AND TO ATTRACT, ASSIST AND ENCOURAGE EMERGING SERVICE, TECHNOLOGY AND LIGHT MANUFACTURING BUSINESSES.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO PROVIDE EDUCATIONAL OPPORTUNITIES TO ENTREPENEURS AND TO ATTRACT, ASSIST AND ENCOURAGE EMERGING SERVICE, TECHNOLOGY AND LIGHT MANUFACTURING BUSINESSES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TYTON BIOSCINECES CORPORATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1IRFLEX CORPORATION
IRS990ScheduleI/RecipientTable/RecipientEIN0352431849
IRS990ScheduleI/RecipientTable/RecipientEIN1205008512
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0300 RINGGOLD INDUSTRIAL PARKWAY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1300 RINGGOLD INDUSTRIAL PARKWAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DANVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DANVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd024540
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd124540
IRS990ScheduleI/TotalOtherOrgCnt02

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$327,518
Liabilities
$8,733
Net assets
$318,785
Revenue
$1,915,250
Expenses
$1,922,136
Net income
-$6,886
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.51$0.01$0.50$0.29$0.30$0.01
2024Detailed filing. Detailed filing data is available for this year.$0.52$0.01$0.51$0.30$0.28$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.50$0.01$0.49$0.60$0.58$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.48$0.01$0.47$0.54$0.53$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.02$0.44$0.31$0.28$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.43$0.02$0.41$0.92$0.88$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.38$0.01$0.37$1.28$1.23$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.33$1.59$1.70$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.45$0.01$0.44$1.73$1.62$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.33$0.80$0.79$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.32$1.92$1.92$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.34$0.01$0.33$0.80$0.82$0.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.01$0.34$0.96
2012Summary only. Only limited summary data is available for this year.$0.40$0.02$0.38$0.71$0.74$0.02
2011Summary only. Only limited summary data is available for this year.$0.64$0.24$0.40$1.42$1.35$0.07