Civic Intelligence

Dan River Business Development Center

990 • Fiscal year 2017 • EIN 54-1944252

Jul 01, 2016 to Jun 30, 2017 • Filed on Mar 07, 2018

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

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

20th percentile

0.01x

Higher debt load relative to revenue than 20% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

59th percentile

6.2%

Higher net margin than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

86th percentile

32%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

93rd percentile

116%

Faster revenue growth than 93% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$453,621

Up $110,670 (+32%) from 2016

Net Assets

Up

$442,107

Up $107,714 (+32%) from 2016

Liabilities

Up

$11,514

Up $2,956 (+35%) from 2016

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin59th percentile

Revenue

Up

$1,732,665

Up $930,767 (+116%) from 2016

Expenses

Up

$1,624,951

Up $838,661 (+107%) from 2016

Net Income

Up

$107,714

Up $92,106 (+590%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2017

Assets$453,621
Liabilities$11,514
Net Assets$442,107
Open 2017 Filing

Operations Trend

Revenue Growth93rd 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

2017

Revenue$1,732,665
Expenses$1,624,951
Net Income$107,714
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Mar 7, 2018
Return Version
2016v3.0
Gross Receipts
$1,732,665
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$232,177$227,935▼ $4,242
Cash and Non-Interest-Bearing Accounts$39,125$184,623▲ $145,498
Savings and Temporary Cash Investments$33,139$33,157▲ $18
Accounts Receivable$38,510$7,906▼ $30,604
Total Assets$342,951$453,621▲ $110,670
Liabilities
Other Liabilities$6,436$6,891▲ $455
Accounts Payable and Accrued Expenses$2,122$4,623▲ $2,501
Total Liabilities$8,558$11,514▲ $2,956
Net Assets / Fund Balance
Unrestricted Net Assets$334,393$309,587▼ $24,806
Temporarily Rstr Net Assets-$132,520-
Permanently Rstr Net Assets-$0-
Total Net Assets Fund Balance$334,393$442,107▲ $107,714
Total Liabilities and Net Assets / Fund Balance$342,951$453,621▲ $110,670

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$171,102$330,581$501,683
Equipment$15,520$133,740$149,260
Land$41,313-$41,313
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Donnie StevensChairman
Shannon HairVice Chairman
David M SmithermanDirector
James BucknerDirector
Jim BebeauDirector
Joe B DavisDirector
Ken LarkingDirector
Matthew D RoweDirector
Telly TuckerSecretary
Jeffrey BondTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,588,042
Program Service Revenue
$142,825
Investment Income
$55
Other Revenue
$1,743
All Other Contributions
$1,488,042
Change in Net Assets
$107,714

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,732,665
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,732,665
Total Revenue per Form 990
$1,732,665
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,345,522
Other Expenses$177,069
Salaries, Compensation, and Employee Benefits$102,360
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,345,522--$1,345,522
Other Salaries and Wages$57,052$38,034-$95,086
Depreciation Depletion$35,925$23,950-$59,875
Information Technology$8,704$5,803-$14,507
Insurance$5,406$3,604-$9,010
Office Expenses$4,849$3,233-$8,082
Payroll Taxes$4,364$2,910-$7,274
Other Expenses$4,120$2,747-$6,867
Fees for Services Accounting$2,168$2,167-$4,335
All Other Expenses$1,248$831-$2,079
Travel$473--$473
Fees for Services Legal$50$50-$100
Total Functional Expenses$1,512,925$112,026$0$1,624,951

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,624,951
Total Expenses per Audited Statements$1,624,951
Total Expenses per Form 990$1,624,951
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.$990,017
Irflex CorporationDanville, VA-To Provide Educational Opportunities to Entrepeneurs and to Attract, Assist and Encourage Emerging Service, Technology and Light Manufacturing Businesses.$355,505
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$4,919
Accrued Wages$1,832
Accrued and Withheld Payroll Taxes$140
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 11B

“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
2018-03-07
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 2015, 2014, and 2013 are open to examination by the irs; and generally remain open for three years after they are filed.”

Raw XML AppendixShowing 400 of 498 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt02122
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt04623
IRS990/AccountsReceivableGrp/BOYAmt038510
IRS990/AccountsReceivableGrp/EOYAmt07906
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE EDUCATIONAL OPPORTUNITIES TO ENTREPENEURS AND TO ATTRACT, ASSIST AND ENCOURAGE EMERGING SERVICE, TECHNOLOGY AND LIGHT MANUFACTURING BUSINESSES.
IRS990/AllOtherContributionsAmt01488042
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0831
IRS990/AllOtherExpensesGrp/ProgramServicesAmt01248
IRS990/AllOtherExpensesGrp/TotalAmt02079
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum04347939100
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0300 RINGGOLD INDUSTRIAL PARKWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0RINGGOLD
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd024540
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt039125
IRS990/CashNonInterestBearingGrp/EOYAmt0184623
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01588042
IRS990/CYGrantsAndSimilarPaidAmt01345522
IRS990/CYInvestmentIncomeAmt055
IRS990/CYOtherExpensesAmt0177069
IRS990/CYOtherRevenueAmt01743
IRS990/CYProgramServiceRevenueAmt0142825
IRS990/CYRevenuesLessExpensesAmt0107714
IRS990/CYSalariesCompEmpBnftPaidAmt0102360
IRS990/CYTotalExpensesAmt01624951
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01732665
IRS990/DAFExcessBusinessHoldingsInd00
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt023950
IRS990/DepreciationDepletionGrp/ProgramServicesAmt035925
IRS990/DepreciationDepletionGrp/TotalAmt059875
IRS990/Desc0PROVIDES EDUCATIONAL OPPORTUNITIES TO ENTREPENEURS AND ATTRACTS, ASSISTS AND ENCOURAGES EMERGING SERVICES, TECHNOLOGY AND LIGHT MANUFACTURING BUSINESSES TO SUCCEED IN THE LOCAL COMMUNITY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DistributionToDonorInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01512925
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02167
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt02168
IRS990/FeesForServicesAccountingGrp/TotalAmt04335
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt050
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt050
IRS990/FeesForServicesLegalGrp/TotalAmt0100
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0DONNIE STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm1SHANNON HAIR
IRS990/Form990PartVIISectionAGrp/PersonNm2JEFFREY BOND
IRS990/Form990PartVIISectionAGrp/PersonNm3TELLY TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm4JOE B DAVIS
IRS990/Form990PartVIISectionAGrp/PersonNm5MATTHEW D ROWE
IRS990/Form990PartVIISectionAGrp/PersonNm6KEN LARKING
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES BUCKNER
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID M SMITHERMAN
IRS990/Form990PartVIISectionAGrp/PersonNm9JIM BEBEAU
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0100000
IRS990/GrantAmt01345522
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01345522
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01345522
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01732665
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt05803
IRS990/InformationTechnologyGrp/ProgramServicesAmt08704
IRS990/InformationTechnologyGrp/TotalAmt014507
IRS990/InsuranceGrp/ManagementAndGeneralAmt03604
IRS990/InsuranceGrp/ProgramServicesAmt05406
IRS990/InsuranceGrp/TotalAmt09010
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt055
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt055
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0464321
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0232177
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0227935
IRS990/LandBldgEquipCostOrOtherBssAmt0692256
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE EDUCATIONAL OPPORTUNITIES TO ENTREPENEURS AND TO ATTRACT, ASSIST AND ENCOURAGE EMERGING SERVICE, TECHNOLOGY AND LIGHT MANUFACTURING BUSINESSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0334393
IRS990/NetAssetsOrFundBalancesEOYAmt0442107
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03233
IRS990/OfficeExpensesGrp/ProgramServicesAmt04849
IRS990/OfficeExpensesGrp/TotalAmt08082
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc2OTHER CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc3JANITORIAL SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt017695
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17960
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23042
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt32747
IRS990/OtherExpensesGrp/ProgramServicesAmt026542
IRS990/OtherExpensesGrp/ProgramServicesAmt111940
IRS990/OtherExpensesGrp/ProgramServicesAmt24562
IRS990/OtherExpensesGrp/ProgramServicesAmt34120
IRS990/OtherExpensesGrp/TotalAmt044237
IRS990/OtherExpensesGrp/TotalAmt119900
IRS990/OtherExpensesGrp/TotalAmt27604
IRS990/OtherExpensesGrp/TotalAmt36867
IRS990/OtherLiabilitiesGrp/BOYAmt06436
IRS990/OtherLiabilitiesGrp/EOYAmt06891
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01743
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01743
IRS990/OtherRevenueTotalAmt01743
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt038034
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt057052
IRS990/OtherSalariesAndWagesGrp/TotalAmt095086
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02910
IRS990/PayrollTaxesGrp/ProgramServicesAmt04364
IRS990/PayrollTaxesGrp/TotalAmt07274
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DONNIE STEVENS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0142823
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0142823
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0688327
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0537630
IRS990/PYInvestmentIncomeAmt035
IRS990/PYOtherExpensesAmt0158736
IRS990/PYOtherRevenueAmt0501
IRS990/PYProgramServiceRevenueAmt0113035
IRS990/PYRevenuesLessExpensesAmt015608
IRS990/PYSalariesCompEmpBnftPaidAmt089924
IRS990/PYTotalExpensesAmt0786290
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0801898
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0107714
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0144623
IRS990/SavingsAndTempCashInvstGrp/BOYAmt033139
IRS990/SavingsAndTempCashInvstGrp/EOYAmt033157
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01618646
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0654368
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01838849
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0688093
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0803818
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt05603774
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt055
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt030
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt041
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt092
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0253
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0142823
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0112898
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0108530
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0113990
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0120664
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0598905
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt055
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt030
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt041
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt092
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0253
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt01745
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0638
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0980
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01413
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01539
IRS990ScheduleA/OtherIncome509Grp/TotalAmt06315
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99890
IRS990ScheduleA/PublicSupportPY509Pct00.99800
IRS990ScheduleA/PublicSupportTotal509Amt06202679
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01761469
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0767266
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01947379
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0802083
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0924482
IRS990ScheduleA/Total509Grp/TotalAmt06202679
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01763269
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0767939
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01948389
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0803537
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0926113
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06209247
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/BookValueAmt0171102
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0330581
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0501683
IRS990ScheduleD/EquipmentGrp/BookValueAmt015520
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0133740
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0149260
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01624951
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt041313
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04919
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1140
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21832
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED AND WITHHELD PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED WAGES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01732665
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 2015, 2014, AND 2013 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/TotalBookValueLandBuildingsAmt0227935
IRS990ScheduleD/TotalExpensesPerForm990Amt01624951
IRS990ScheduleD/TotalLiabilityAmt06891
IRS990ScheduleD/TotalRevenuePerForm990Amt01732665
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01732665
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01624951
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0990017
IRS990ScheduleI/RecipientTable/CashGrantAmt1355505
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
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE FORM 990 INFORMATIONAL RETURN BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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.

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$453,621
Liabilities
$11,514
Net assets
$442,107
Revenue
$1,732,665
Expenses
$1,624,951
Net income
$107,714
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