Civic Intelligence

Danville Area Development Foundation Inc

990 • Fiscal year 2022 • EIN 54-6041891

Mar 01, 2021 to Feb 28, 2022 • Filed on Jun 06, 2022

Organization ProfileN/A
628 Main StreetDanville, VA 24541-1320

(434) 793-5422

Siviq Scores

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

Liabilities / Assets

38th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

38th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Net Margin

96th percentile

79%

Higher net margin than 96% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

71st percentile

$0

Higher top officer pay than 71% of similar nonprofits.

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

2022 filings • 501(c)4 • $500k-$1M nonprofits • Source year 2022

Asset Growth

47th percentile

0.3%

Faster asset growth than 47% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

5th percentile

-59%

Faster revenue growth than 5% of similar nonprofits.

2022 filings • 501(c)4 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$799,766

Up $2,458 (+0.3%) from 2021

Net Assets

Up

$799,766

Up $2,458 (+0.3%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue38th percentileNet Margin96th percentile

Revenue

Down

$3,103

Down $4,431 (-59%) from 2021

Expenses

Flat

$645

Flat from 2021

Net Income

Down

$2,458

Down $4,431 (-64%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$1.0M$500K$0Assets 2012: $769,296Liabilities 2012: $0Net Assets 2012: $769,2962012Assets 2013: $772,318Liabilities 2013: $0Net Assets 2013: $772,3182013Assets 2014: $768,340Liabilities 2014: $0Net Assets 2014: $768,3402014Assets 2015: $775,505Liabilities 2015: $0Net Assets 2015: $775,5052015Assets 2016: $787,214Liabilities 2016: $0Net Assets 2016: $787,2142016Assets 2017: $795,067Liabilities 2017: $0Net Assets 2017: $795,0672017Assets 2018: $776,737Liabilities 2018: $0Net Assets 2018: $776,7372018Assets 2019: $783,294Liabilities 2019: $0Net Assets 2019: $783,2942019Assets 2020: $790,419Liabilities 2020: $0Net Assets 2020: $790,4192020Assets 2021: $797,308Liabilities 2021: $0Net Assets 2021: $797,3082021Assets 2022: $799,766Liabilities 2022: $0Net Assets 2022: $799,7662022Assets 2023: $785,863Liabilities 2023: $0Net Assets 2023: $785,8632023Assets 2024: $796,559Liabilities 2024: $0Net Assets 2024: $796,5592024Assets 2025: $827,718Liabilities 2025: $0Net Assets 2025: $827,7182025

Highlighted filing

2022

Assets$799,766
Liabilities$0
Net Assets$799,766
Open 2022 Filing

Operations Trend

Revenue Growth5th percentile

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

$60K$40K$20K$0-$20KRevenue 2012: $11,029Expenses 2012: $10,600Net Income 2012: $4292012Revenue 2013: $13,921Expenses 2013: $10,899Net Income 2013: $3,0222013Revenue 2014: $12,681Expenses 2014: $16,202Net Income 2014: -$3,5212014Revenue 2015: $12,126Expenses 2015: $4,961Net Income 2015: $7,1652015Revenue 2016: $12,364Expenses 2016: $655Net Income 2016: $11,7092016Revenue 2017: $8,524Expenses 2017: $671Net Income 2017: $7,8532017Revenue 2018: $7,295Expenses 2018: $25,625Net Income 2018: -$18,3302018Revenue 2019: $7,382Expenses 2019: $825Net Income 2019: $6,5572019Revenue 2020: $7,773Expenses 2020: $648Net Income 2020: $7,1252020Revenue 2021: $7,534Expenses 2021: $645Net Income 2021: $6,8892021Revenue 2022: $3,103Expenses 2022: $645Net Income 2022: $2,4582022Revenue 2023: $1,723Expenses 2023: $15,626Net Income 2023: -$13,9032023Revenue 2024: $14,271Expenses 2024: $3,575Net Income 2024: $10,6962024Revenue 2025: $41,877Expenses 2025: $10,718Net Income 2025: $31,1592025

Highlighted filing

2022

Revenue$3,103
Expenses$645
Net Income$2,458
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Mar 1, 2021 to Feb 28, 2022
Signed
Jun 6, 2022
Return Version
2021v4.2
Gross Receipts
$3,103
Mission and Program Overview

Mission

Promote industrial and commercial development of the city of danville and surrounding counties.

To promote industrial and commercial growth of the city of danville.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$797,308$799,766▲ $2,458
Total Assets$797,308$799,766▲ $2,458
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$797,308$799,766▲ $2,458
Total Net Assets Fund Balance$797,308$799,766▲ $2,458
Total Liabilities and Net Assets / Fund Balance$797,308$799,766▲ $2,458
Compensation and Service Providers
Top Officer Pay71st percentile

Board Members and Trustees

NameTitle
Charles H MajorsPresident
Amanda Witt-coxDirector
Ben J Davenport JrDirector
Connie NyholmDirector
Dan M PleasantDirector
Dr B Carlyle RamseyDirector
Dr Tiffany FranksDirector
Fred B Leggett JrDirector
Hampton WilkinsDirector
Harry G LeaDirector
Kelly MirtDirector
Kelvin PerryDirector
Mark HollandDirector
Mike HendricksonDirector
R Stephen WilkinsonDirector
Rick BarkerDirector
Carolyn H ComptonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$3,103
Other Revenue
$0
Change in Net Assets
$2,458
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$320-$320
Office Expenses-$300-$300
Fees for Services Other-$25-$25
Total Functional Expenses$0$645$0$645
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Board of directors reviews the 990 with the tax preparer during their annual meeting.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy and financial statements of the organization are available upon request at the organization's headquarters.”

Filing and Contact Details

Filer

Filer Name
Danville Area Development Foundation Inc
EIN
54-6041891
Phone
4347935422
Address
628 MAIN STREET, DANVILLE, VA 24541-1320

Signing Officer

Name
Charles H Majors
Title
President
Phone
4347935422
Signed
2022-06-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charles H Majors
Formed
1960
Legal Domicile
Va
Voting Board Members
20
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Wilkinson Consulting & CPA Plc
Address
217 PINEY FOREST ROAD, DANVILLE, VA 24540
Preparer
R Stephen Wilkinson CPA
Phone
4347974300
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD OF DIRECTORS REVIEWS THE 990 WITH THE TAX PREPARER DURING THEIR ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS OF THE ORGANIZATION ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt03103
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0797308
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0799766
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0528 MAIN STREET
IRS990/USAddress/CityNm0DANVILLE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd024541
IRS990/VotingMembersGoverningBodyCnt020
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES H MAJORS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04347935422
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DANVILLE AREA DEVELOPMENT FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0DANV
ReturnHeader/Filer/EIN0546041891
ReturnHeader/Filer/PhoneNum04347935422
ReturnHeader/Filer/USAddress/AddressLine1Txt0628 MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0DANVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd0245411320
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0481296934
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILKINSON CONSULTING & CPA PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0217 PINEY FOREST ROAD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DANVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd024540
ReturnHeader/PreparerPersonGrp/PhoneNum04347974300
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R STEPHEN WILKINSON CPA
ReturnHeader/ReturnTs02022-06-16T13:04:05-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CHARLES
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MAJORS
ReturnHeader/TaxPeriodBeginDt02021-03-01
ReturnHeader/TaxPeriodEndDt02022-02-28
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$799,766
Liabilities
$0
Net assets
$799,766
Revenue
$3,103
Expenses
$645
Net income
$2,458
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.28$0.00$8.28$0.42$0.11$0.31
2024Detailed filing. Detailed filing data is available for this year.$7.97$0.00$7.97$0.14$0.04$0.11
2023Detailed filing. Detailed filing data is available for this year.$7.86$0.00$7.86$0.02$0.16$0.14
2022Detailed filing. Detailed filing data is available for this year.$8.00$0.00$8.00$0.03$0.01$0.02
2021Detailed filing. Detailed filing data is available for this year.$7.97$0.00$7.97$0.08$0.01$0.07
2020Summary only. Only limited summary data is available for this year.$7.90$0.00$7.90$0.08$0.01$0.07
2019Summary only. Only limited summary data is available for this year.$7.83$0.00$7.83$0.07$0.01$0.07
2018Summary only. Only limited summary data is available for this year.$7.77$0.00$7.77$0.07$0.26$0.18
2017Summary only. Only limited summary data is available for this year.$7.95$0.00$7.95$0.09$0.01$0.08
2016Summary only. Only limited summary data is available for this year.$7.87$0.00$7.87$0.12$0.01$0.12
2015Summary only. Only limited summary data is available for this year.$7.76$0.00$7.76$0.12$0.05$0.07
2014Summary only. Only limited summary data is available for this year.$7.68$0.00$7.68$0.13$0.16$0.04
2013Summary only. Only limited summary data is available for this year.$7.72$0.00$7.72$0.14$0.11$0.03
2012Summary only. Only limited summary data is available for this year.$7.69$0.00$7.69$0.11$0.11$0.00