Civic Intelligence

Holston Business Group

990 • Fiscal year 2020 • EIN 62-1845660

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 30, 2021

Organization ProfileWWW.HBDC.ORG
2005 Venture ParkKingsport, TN 37660

(423) 578-6235

Siviq Scores

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

Liabilities / Assets

39th percentile

0.01x

Higher debt load relative to assets than 39% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

47th percentile

0.04x

Higher debt load relative to revenue than 47% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

18th percentile

-17%

Higher net margin than 18% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

21st percentile

-4.0%

Faster asset growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

46th percentile

-3.8%

Faster revenue growth than 46% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets39th percentile

Assets

Down

$632,892

Down $26,671 (-4.0%) from 2019

Net Assets

Down

$626,045

Down $25,396 (-3.9%) from 2019

Liabilities

Down

$6,847

Down $1,275 (-16%) from 2019

Revenue And Expenses
Liabilities / Revenue47th percentileNet Margin18th percentile

Revenue

Down

$153,188

Down $6,041 (-3.8%) from 2019

Expenses

Up

$178,584

Up $1,640 (+0.9%) from 2019

Net Income

Down

-$25,396

Down $7,681 (-43%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth21st percentile

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

$1.5M$1.0M$500K$0Assets 2011: $1,046,203Liabilities 2011: $13,002Net Assets 2011: $1,033,2012011Assets 2012: $1,015,789Liabilities 2012: $16,417Net Assets 2012: $999,3722012Assets 2013: $974,491Liabilities 2013: $17,494Net Assets 2013: $956,9972013Assets 2014: $930,197Liabilities 2014: $20,528Net Assets 2014: $909,6692014Assets 2015: $880,088Liabilities 2015: $22,808Net Assets 2015: $857,2802015Assets 2016: $826,992Liabilities 2016: $6,426Net Assets 2016: $820,5662016Assets 2017: $729,385Liabilities 2017: $7,933Net Assets 2017: $721,4522017Assets 2018: $677,109Liabilities 2018: $7,953Net Assets 2018: $669,1562018Assets 2019: $659,563Liabilities 2019: $8,122Net Assets 2019: $651,4412019Assets 2020: $632,892Liabilities 2020: $6,847Net Assets 2020: $626,0452020Assets 2021: $567,206Liabilities 2021: $6,416Net Assets 2021: $560,7902021Assets 2022: $525,692Liabilities 2022: $15,656Net Assets 2022: $510,0362022Assets 2023: $489,923Liabilities 2023: $7,703Net Assets 2023: $482,2202023Assets 2024: $470,454Liabilities 2024: $4,035Net Assets 2024: $466,4192024

Highlighted filing

2020

Assets$632,892
Liabilities$6,847
Net Assets$626,045
Open 2020 Filing

Operations Trend

Revenue Growth46th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $120,619Expenses 2011: $180,967Net Income 2011: -$60,3482011Revenue 2012: $133,688Expenses 2012: $167,517Net Income 2012: -$33,8292012Revenue 2013: $147,633Expenses 2013: $190,008Net Income 2013: -$42,3752013Revenue 2014: $149,463Expenses 2014: $196,791Net Income 2014: -$47,3282014Revenue 2015: $148,112Expenses 2015: $200,501Net Income 2015: -$52,3892015Revenue 2016: $140,494Expenses 2016: $177,208Net Income 2016: -$36,7142016Revenue 2017: $97,571Expenses 2017: $168,485Net Income 2017: -$70,9142017Revenue 2018: $123,214Expenses 2018: $175,510Net Income 2018: -$52,2962018Revenue 2019: $159,229Expenses 2019: $176,944Net Income 2019: -$17,7152019Revenue 2020: $153,188Expenses 2020: $178,584Net Income 2020: -$25,3962020Revenue 2021: $111,331Expenses 2021: $176,586Net Income 2021: -$65,2552021Revenue 2022: $117,127Expenses 2022: $167,881Net Income 2022: -$50,7542022Revenue 2023: $149,064Expenses 2023: $176,880Net Income 2023: -$27,8162023Revenue 2024: $167,157Expenses 2024: $182,958Net Income 2024: -$15,8012024

Highlighted filing

2020

Revenue$153,188
Expenses$178,584
Net Income-$25,396
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 30, 2021
Return Version
2020v4.1
Gross Receipts
$153,188
Mission and Program Overview

Mission

The Holston Business Group, a public/private partnership, supports nurtures the entrepreneurial spirit to create diverse businesses jobs which benefit the citizens of the greater Kingsport/Hawkins County area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$543,180$517,674▼ $25,506
Savings and Temporary Cash Investments$78,863$79,077▲ $214
Cash and Non-Interest-Bearing Accounts$34,667$33,210▼ $1,457
Prepaid Expenses and Deferred Charges$2,853$2,931▲ $78
Total Assets$659,563$632,892▼ $26,671
Liabilities
Accounts Payable and Accrued Expenses$4,597$6,847▲ $2,250
Other Liabilities$3,525--
Total Liabilities$8,122$6,847▼ $1,275
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$651,441$626,045▼ $25,396
Total Net Assets Fund Balance$651,441$626,045▼ $25,396
Total Liabilities and Net Assets / Fund Balance$659,563$632,892▼ $26,671

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$504,361$388,971-
Other Land Buildings$1,771$19,709-
Equipment$4,181$49,909-
Leasehold Improvements$7,361$12,692-
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Dennis PhillipsPresident
Nancy BarkerVice President
Chip ZimmermanBoard Member
Chris McCarttBoard Member
Jim LeeBoard Member
Pat ShullBoard Member
Renee McBryarBoard Member
Aaron SmithDirector
Larry ElkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,999
Program Service Revenue
$142,974
Investment Income
$215
Other Revenue
$0
All Other Contributions
$9,999
Change in Net Assets
$-25,396

Noncash Contribution Practices

Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$178,584
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 Management$73,000--$73,000
Depreciation Depletion$30,916--$30,916
Occupancy$30,862--$30,862
Other Expenses$8,137--$8,137
Fees for Services Accounting$5,900--$5,900
Insurance$4,470--$4,470
Office Expenses$3,926--$3,926
Total Functional Expenses$178,584$0$0$178,584
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
Federal income taxes-
Accrued salaries related expenses-
Tenant affiliate deposits-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A copy of the form 990 is reviewed by the incubator director.”

Form 990, Part VI, Section C, Line 19

“Documents and policies are available upon request at the Groups location”

Filing and Contact Details

Filer

Filer Name
Holston Business Group
EIN
62-1845660
Phone
4235786235
Address
2005 Venture Park, Kingsport, TN 37660
Doing Business As
Holston Business Development Center

Signing Officer

Name
Aaron Smith
Title
Executive director
Signed
2021-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larry Elkins
Formed
2001
Legal Domicile
Tn
Voting Board Members
17
Independent Board Members
17
Employees
0

Preparer

Firm
David M Ellis CPA
Address
132 West Depot Street, Greeneville, TN 37743
Preparer
David M Ellis
Phone
4237870855
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IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt09999
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt051593
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0130
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0186
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0593
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0445
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01569
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99600
IRS990ScheduleA/PublicSupportPY170Pct00.99580
IRS990ScheduleA/PublicSupportTotal170Amt0387516
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt074319
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt077399
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt075597
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt067499
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt092702
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0387516
IRS990ScheduleA/TotalSupportAmt0389085
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0504361
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0388971
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0893332
IRS990ScheduleD/EquipmentGrp/BookValueAmt04181
IRS990ScheduleD/EquipmentGrp/DepreciationAmt049909
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt054090
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt07361
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt012692
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt020053
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01771
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019709
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt021480
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued salaries related expenses
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Tenant affiliate deposits
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0517674
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the form 990 is reviewed by the incubator director.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Documents and policies are available upon request at the Groups location
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0659563
IRS990/TotalAssetsEOYAmt0632892
IRS990/TotalAssetsGrp/BOYAmt0659563
IRS990/TotalAssetsGrp/EOYAmt0632892
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt09999
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0178584
IRS990/TotalFunctionalExpensesGrp/TotalAmt0178584
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08122
IRS990/TotalLiabilitiesEOYAmt06847
IRS990/TotalLiabilitiesGrp/BOYAmt08122
IRS990/TotalLiabilitiesGrp/EOYAmt06847
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0651441
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0626045
IRS990/TotalProgramServiceExpensesAmt0178584
IRS990/TotalProgramServiceRevenueAmt0142974
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0143189
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0153188
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0659563
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0632892
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02005 Venture Park
IRS990/USAddress/CityNm0Kingsport
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037660
IRS990/VotingMembersGoverningBodyCnt017
IRS990/VotingMembersIndependentCnt017
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Aaron Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive director
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-09-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Holston Business Group
ReturnHeader/Filer/BusinessNameControlTxt0HOLS
ReturnHeader/Filer/EIN0621845660
ReturnHeader/Filer/PhoneNum04235786235
ReturnHeader/Filer/USAddress/AddressLine1Txt02005 Venture Park
ReturnHeader/Filer/USAddress/CityNm0Kingsport
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037660
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0David M Ellis CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0132 West Depot Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Greeneville
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037743
ReturnHeader/PreparerPersonGrp/PhoneNum04237870855

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$632,892
Liabilities
$6,847
Net assets
$626,045
Revenue
$153,188
Expenses
$178,584
Net income
-$25,396
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$0.17$0.18$0.02
2023Detailed filing. Detailed filing data is available for this year.$0.49$0.01$0.48$0.15$0.18$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.53$0.02$0.51$0.12$0.17$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.57$0.01$0.56$0.11$0.18$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.01$0.63$0.15$0.18$0.03
2019Detailed filing. Detailed filing data is available for this year.$0.66$0.01$0.65$0.16$0.18$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.68$0.01$0.67$0.12$0.18$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.73$0.01$0.72$0.10$0.17$0.07
2016Detailed filing. Detailed filing data is available for this year.$0.83$0.01$0.82$0.14$0.18$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.02$0.86$0.15$0.20$0.05
2014Summary only. Only limited summary data is available for this year.$0.93$0.02$0.91$0.15$0.20$0.05
2013Summary only. Only limited summary data is available for this year.$0.97$0.02$0.96$0.15$0.19$0.04
2012Summary only. Only limited summary data is available for this year.$1.02$0.02$1.00$0.13$0.17$0.03
2011Summary only. Only limited summary data is available for this year.$1.05$0.01$1.03$0.12$0.18$0.06