Civic Intelligence

Dan River Business Development Center

990 • Fiscal year 2022 • EIN 54-1944252

Jul 01, 2021 to Jun 30, 2022 • Filed on May 15, 2023

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

48th percentile

0.01x

Higher debt load relative to assets than 48% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

45th percentile

0.01x

Higher debt load relative to revenue than 45% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

43rd percentile

2.8%

Higher net margin than 43% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

53rd percentile

3.2%

Faster asset growth than 53% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

85th percentile

75%

Faster revenue growth than 85% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets48th percentile

Assets

Up

$481,778

Up $15,091 (+3.2%) from 2021

Net Assets

Up

$474,911

Up $30,745 (+6.9%) from 2021

Liabilities

Down

$6,867

Down $15,654 (-70%) from 2021

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin43rd percentile

Revenue

Up

$543,834

Up $232,538 (+75%) from 2021

Expenses

Up

$528,728

Up $250,137 (+90%) from 2021

Net Income

Down

$15,106

Down $17,599 (-54%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2022

Assets$481,778
Liabilities$6,867
Net Assets$474,911
Open 2022 Filing

Operations Trend

Revenue Growth85th 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

2022

Revenue$543,834
Expenses$528,728
Net Income$15,106
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$543,834
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$189,583$194,769▲ $5,186
Cash and Non-Interest-Bearing Accounts$226,487$181,832▼ $44,655
Savings and Temporary Cash Investments$34,347$104,362▲ $70,015
Accounts Receivable$16,270$815▼ $15,455
Total Assets$466,687$481,778▲ $15,091
Liabilities
Accounts Payable and Accrued Expenses$15,639$0▼ $15,639
Other Liabilities$6,882$6,867▼ $15
Total Liabilities$22,521$6,867▼ $15,654
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$444,166$474,911▲ $30,745
Total Net Assets Fund Balance$444,166$474,911▲ $30,745
Total Liabilities and Net Assets / Fund Balance$466,687$481,778▲ $15,091

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$133,875$453,512$587,387
Equipment$19,581$168,575$188,156
Land$41,313-$41,313
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Albert K RawleyChairman
Jeffrey BondVice Chairman
Bryant HoodDirector
Ken LarkingDirector
Matthew D RoweDirector
Telly TuckerDirector
Tim ChesherDirector
Vaden HuntDirector
Donnie StevensNon-voting Director
Corrie Teague BobeSecretary
Otis HawkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$300,399
Program Service Revenue
$240,946
Investment Income
$35
Other Revenue
$2,454
All Other Contributions
$230,399
Change in Net Assets
$15,106

Audited Revenue Reconciliation

Revenue per Audited Statements
$543,834
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$543,834
Total Revenue per Form 990
$543,834
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$225,882
Other Expenses$180,999
Salaries, Compensation, and Employee Benefits$121,847
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$225,882--$225,882
Comp Disqual Persons$67,913$45,275-$113,188
Depreciation Depletion$18,146$12,097-$30,243
Information Technology$9,807$6,538-$16,345
Other Expenses$6,313$4,208-$10,521
Payroll Taxes$5,195$3,464-$8,659
Office Expenses$5,010$3,340-$8,350
All Other Expenses$6,898$532-$7,430
Insurance$4,281$2,854-$7,135
Fees for Services Accounting$2,575$2,575-$5,150
Fees for Services Legal$943$942-$1,885
Travel$731--$731
Total Functional Expenses$411,542$117,186$0$528,728

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$528,728
Total Expenses per Audited Statements$528,728
Total Expenses per Form 990$528,728
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Kegerreis Digital Marketing LLCDanville, VA-To Provide Educational Opportunities to Entrepeneurs and to Attract, Assist and Encourage Emerging Service, Technology and Light Manufacturing Businesses.$225,882
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$4,105
Accrued Wages$2,566
Accrued and Withheld Payroll Taxes$196
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 35% controlled entity
No
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
Albert K Rawley
Title
Chairman
Phone
4347939100
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Albert K Rawley
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
George a Brooks CPA
Phone
4347923220
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Py net assets adjustment due to accounts payable 15,639.”

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 2019, 2018, and 2017 are open to examination by the irs; and generally remain open for three years after they are filed.”

Raw XML AppendixShowing 400 of 495 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.

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IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc2OTHER CONTRACT SERVICES
IRS990/OtherExpensesGrp/Desc3JANITORIAL SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018068
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt112975
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24318
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt34208
IRS990/OtherExpensesGrp/ProgramServicesAmt027101
IRS990/OtherExpensesGrp/ProgramServicesAmt124271
IRS990/OtherExpensesGrp/ProgramServicesAmt26476
IRS990/OtherExpensesGrp/ProgramServicesAmt36313
IRS990/OtherExpensesGrp/TotalAmt045169
IRS990/OtherExpensesGrp/TotalAmt137246
IRS990/OtherExpensesGrp/TotalAmt210794
IRS990/OtherExpensesGrp/TotalAmt310521
IRS990/OtherLiabilitiesGrp/BOYAmt06882
IRS990/OtherLiabilitiesGrp/EOYAmt06867
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02454
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02454
IRS990/OtherRevenueTotalAmt02454
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03464
IRS990/PayrollTaxesGrp/ProgramServicesAmt05195
IRS990/PayrollTaxesGrp/TotalAmt08659
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ALBERT K RAWLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0240946
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0240946
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0100000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt035
IRS990/PYOtherExpensesAmt0173747
IRS990/PYOtherRevenueAmt01867
IRS990/PYProgramServiceRevenueAmt0209394
IRS990/PYRevenuesLessExpensesAmt032705
IRS990/PYSalariesCompEmpBnftPaidAmt0104844
IRS990/PYTotalExpensesAmt0278591
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0311296
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt015106
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0243435
IRS990/SavingsAndTempCashInvstGrp/BOYAmt034347
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0104362
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt085455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0106635
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0793218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01060468
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01383200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03428976
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt091
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0275
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0240946
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0209394
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0185734
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0175025
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0164604
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0975703
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt091
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt045
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0275
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02454
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01867
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01093
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0967
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0679
IRS990ScheduleA/OtherIncome509Grp/TotalAmt07060
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99830
IRS990ScheduleA/PublicSupportPY509Pct00.99890
IRS990ScheduleA/PublicSupportTotal509Amt04404679
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0326401
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0316029
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0978952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01235493
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01547804
IRS990ScheduleA/Total509Grp/TotalAmt04404679
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0328890
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0317931
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0980136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01236529
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01548528
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04412014
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/BookValueAmt0133875
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0453512
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0587387
IRS990ScheduleD/EquipmentGrp/BookValueAmt019581
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0168575
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0188156
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0528728
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt041313
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1196
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED AND WITHHELD PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED WAGES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0543834
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 2019, 2018, AND 2017 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/TotalBookValueLandBuildingsAmt0194769
IRS990ScheduleD/TotalExpensesPerForm990Amt0528728
IRS990ScheduleD/TotalLiabilityAmt06867
IRS990ScheduleD/TotalRevenuePerForm990Amt0543834
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0543834
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0528728
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0225882
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE EDUCATIONAL OPPORTUNITIES TO ENTREPENEURS AND TO ATTRACT, ASSIST AND ENCOURAGE EMERGING SERVICE, TECHNOLOGY AND LIGHT MANUFACTURING BUSINESSES.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KEGERREIS DIGITAL MARKETING LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0851968540
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0300 RINGGOLD INDUSTRIAL PARKWAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DANVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd024540
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION FOR TOP OFFICIAL COMPENSATION AND ANNUAL RAISES ARE DETERMINED BY THE BOARD OF DIRECTORS BASED ON COMPARABLE POSITIONS AND OTHER RELEVANT DATA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE AVAILABLE UPON REQUEST OF THE CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ORGANIZATION.

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$481,778
Liabilities
$6,867
Net assets
$474,911
Revenue
$543,834
Expenses
$528,728
Net income
$15,106
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