Civic Intelligence

Dan River Business Development Center

990 • Fiscal year 2023 • EIN 54-1944252

Jul 01, 2022 to Jun 30, 2023 • Filed on May 14, 2024

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

51st percentile

0.02x

Higher debt load relative to assets than 51% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

48th percentile

0.02x

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

48th percentile

3.2%

Higher net margin than 48% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

52nd percentile

4.4%

Faster asset growth than 52% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

53rd percentile

10%

Faster revenue growth than 53% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$503,000

Up $21,222 (+4.4%) from 2022

Net Assets

Up

$493,904

Up $18,993 (+4.0%) from 2022

Liabilities

Up

$9,096

Up $2,229 (+32%) from 2022

Revenue And Expenses
Liabilities / Revenue48th percentileNet Margin48th percentile

Revenue

Up

$598,663

Up $54,829 (+10%) from 2022

Expenses

Up

$579,670

Up $50,942 (+9.6%) from 2022

Net Income

Up

$18,993

Up $3,887 (+26%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2023

Assets$503,000
Liabilities$9,096
Net Assets$493,904
Open 2023 Filing

Operations Trend

Revenue Growth53rd 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

2023

Revenue$598,663
Expenses$579,670
Net Income$18,993
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 14, 2024
Return Version
2022v5.0
Gross Receipts
$598,663
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
Cash and Non-Interest-Bearing Accounts$181,832$202,649▲ $20,817
Land, Buildings, and Equipment, Net$194,769$168,199▼ $26,570
Savings and Temporary Cash Investments$104,362$129,467▲ $25,105
Accounts Receivable$815$2,685▲ $1,870
Total Assets$481,778$503,000▲ $21,222
Liabilities
Other Liabilities$6,867$9,096▲ $2,229
Total Liabilities$6,867$9,096▲ $2,229
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$474,911$493,904▲ $18,993
Total Net Assets Fund Balance$474,911$493,904▲ $18,993
Total Liabilities and Net Assets / Fund Balance$481,778$503,000▲ $21,222

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$114,811$472,576$587,387
Equipment$12,075$176,081$188,156
Land$41,313-$41,313
Compensation and Service Providers
Top Officer Pay54th 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
$344,601
Program Service Revenue
$250,961
Investment Income
$182
Other Revenue
$2,919
All Other Contributions
$294,601
Change in Net Assets
$18,993

Audited Revenue Reconciliation

Revenue per Audited Statements
$598,663
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$598,663
Total Revenue per Form 990
$598,663
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$288,618
Other Expenses$159,304
Salaries, Compensation, and Employee Benefits$131,748
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$288,618--$288,618
Comp Disqual Persons$73,431$48,954-$122,385
Depreciation Depletion$15,941$10,628-$26,569
Information Technology$9,917$6,611-$16,528
Payroll Taxes$5,618$3,745-$9,363
Other Expenses$4,700$3,133-$7,833
Insurance$4,651$3,100-$7,751
Office Expenses$4,529$3,019-$7,548
Fees for Services Accounting$2,975$2,975-$5,950
All Other Expenses$1,508$1,006-$2,514
Fees for Services Legal$433$432-$865
Total Functional Expenses$462,568$117,102$0$579,670

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$579,670
Total Expenses per Audited Statements$579,670
Total Expenses per Form 990$579,670
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.$288,618
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
Accrued Wages$4,636
Customer Deposits$4,105
Accrued and Withheld Payroll Taxes$355
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
2024-05-14
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 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 489 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/ManagementAndGeneralAmt111897
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt24256
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt33133
IRS990/OtherExpensesGrp/ProgramServicesAmt026018
IRS990/OtherExpensesGrp/ProgramServicesAmt117845
IRS990/OtherExpensesGrp/ProgramServicesAmt26384
IRS990/OtherExpensesGrp/ProgramServicesAmt34700
IRS990/OtherExpensesGrp/TotalAmt043364
IRS990/OtherExpensesGrp/TotalAmt129742
IRS990/OtherExpensesGrp/TotalAmt210640
IRS990/OtherExpensesGrp/TotalAmt37833
IRS990/OtherLiabilitiesGrp/BOYAmt06867
IRS990/OtherLiabilitiesGrp/EOYAmt09096
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02919
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02919
IRS990/OtherRevenueTotalAmt02919
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03745
IRS990/PayrollTaxesGrp/ProgramServicesAmt05618
IRS990/PayrollTaxesGrp/TotalAmt09363
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ALBERT K RAWLEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0250961
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0250961
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0300399
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0225882
IRS990/PYInvestmentIncomeAmt035
IRS990/PYOtherExpensesAmt0180999
IRS990/PYOtherRevenueAmt02454
IRS990/PYProgramServiceRevenueAmt0240946
IRS990/PYRevenuesLessExpensesAmt015106
IRS990/PYSalariesCompEmpBnftPaidAmt0121847
IRS990/PYTotalExpensesAmt0528728
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0543834
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt018993
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0254062
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0104362
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0129467
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt048129
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt085455
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0106635
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0793218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01060468
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02093905
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0182
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt091
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt069
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0412
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0250961
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0240946
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0209394
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0185734
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0175025
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01062060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0182
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt091
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt069
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0412
IRS990ScheduleA/InvestmentIncomeCYPct00.00010
IRS990ScheduleA/InvestmentIncomePYPct00.00010
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt02919
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt02454
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01867
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01093
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0967
IRS990ScheduleA/OtherIncome509Grp/TotalAmt09300
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99690
IRS990ScheduleA/PublicSupportPY509Pct00.99830
IRS990ScheduleA/PublicSupportTotal509Amt03155965
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0299090
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0326401
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0316029
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0978952
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01235493
IRS990ScheduleA/Total509Grp/TotalAmt03155965
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0302191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0328890
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0317931
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0980136
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01236529
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03165677
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/BookValueAmt0114811
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0472576
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0587387
IRS990ScheduleD/EquipmentGrp/BookValueAmt012075
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0176081
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0188156
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0579670
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt041313
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt041313
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1355
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt24636
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED AND WITHHELD PAYROLL TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED WAGES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0598663
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/TotalBookValueLandBuildingsAmt0168199
IRS990ScheduleD/TotalExpensesPerForm990Amt0579670
IRS990ScheduleD/TotalLiabilityAmt09096
IRS990ScheduleD/TotalRevenuePerForm990Amt0598663
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0598663
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0579670
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0288618
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$503,000
Liabilities
$9,096
Net assets
$493,904
Revenue
$598,663
Expenses
$579,670
Net income
$18,993
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