Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
Virginia'S Growth Alliance Inc
EIN 88-4260980 • 501(c)3 • Alberta, VA
Profile
Virginia's growth alliance, inc. Is formed exclusively for charitable purposes toward achieving the goals of economic development. The purposes of the corporation include, but are not limited to (1) promoting social welfare by providing economic opportunities for new businesses, new employment and expanding and supporting existing businesses in the corporation's geographical area. (2) promoting business location into and relocation within the corporation's geographical area and its members' localities. (3) engaging in programs to counter unemployed and underemployed situations and to address economically blighted areas. Vga helps promote revolving loan fund and other funding programs available to small business/microenterprises. (4) engaging in such pursuits as may be necessary or incidental, or which my aid and assist, in carrying out the corporation's purpose.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
35th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
8th percentile
Higher net margin than 8% of similar nonprofits.
Top Officer Pay
55th percentile
Higher top officer pay than 55% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
2nd percentile
Faster asset growth than 2% of similar nonprofits.
Revenue Growth
93rd percentile
Faster revenue growth than 93% of similar nonprofits.
Balance Sheet
Assets
Down$0
Down $244,671 (-100%) from 2024
Liabilities
Down$0
Down $12,078 (-100%) from 2024
Net Assets
Down$0
Down $232,593 (-100%) from 2024
Revenue
Up$540,875
Up $315,661 (+140%) from 2024
Expenses
Up$773,468
Up $545,645 (+240%) from 2024
Net Income
Down-$232,593
Down $229,984 (-8815%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $540,875
- Expenses
- $773,468
- Net income
- -$232,593
| Balance Sheet | Operations | |||||
|---|---|---|---|---|---|---|
| Year | Assets | Liabilities | Net Assets | Revenue | Expenses | Net Income |
| 2025Facts available. Structured filing facts are available, but richer extracted sections are limited. | $0.00 | $0.00 | $0.00 | $5.41 | $7.73 | $2.33 |
| 2024Detailed filing. Detailed filing data is available for this year. | $2.45 | $0.12 | $2.33 | $2.25 | $2.28 | $0.03 |
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2024 to Jun 30, 2025
- Signed
- Oct 29, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $540,875
Mission and Program Overview
Mission
Virginia's growth alliance, inc. Is formed exclusively for charitable purposes toward achieving the goals of economic development. The purposes of the corporation include, but are not limited to (1) promoting social welfare by providing economic opportunities for new businesses, new employment and expanding and supporting existing businesses in the corporation's geographical area. (2) promoting business location into and relocation within the corporation's geographical area and its members' localities. (3) engaging in programs to counter unemployed and underemployed situations and to address economically blighted areas. Vga helps promote revolving loan fund and other funding programs available to small business/microenterprises. (4) engaging in such pursuits as may be necessary or incidental, or which my aid and assist, in carrying out the corporation's purpose.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $48,153 | - | - |
| Other Notes and Loans Receivable, Net | $23,482 | - | - |
| Total Assets | $244,671 | $0 | ▼ $244,671 |
| Other Assets Total | $173,036 | - | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $12,078 | - | - |
| Total Liabilities | $12,078 | $0 | ▼ $12,078 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $184,440 | - | - |
| Net Assets Without Donor Restrictions | $48,153 | - | - |
| Total Net Assets Fund Balance | $232,593 | $0 | ▼ $232,593 |
| Total Liabilities and Net Assets / Fund Balance | $244,671 | $0 | ▼ $244,671 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| William Johnson | Chairman |
| Dr Charlotte Woolridge | Vice Chairma |
| Alex Gottschalk | Director |
| Belinda Astrop | Director |
| Dale Temple | Director |
| Glenda J Gilliam | Director |
| Leslie Weddington | Director |
| Mike Hankins | Director |
| Monica Elder | Director |
| Taylor King | Director |
| David W Denny | Executive Di |
| Walt Bailey | Secretary |
| Angie Kellett | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $535,540
- Program Service Revenue
- $5,252
- Investment Income
- $83
- Other Revenue
- $0
- Change in Net Assets
- $-232,593
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $773,468 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $105,770 | - | - | $105,770 |
| Fees for Services Legal | $27,639 | - | - | $27,639 |
| Advertising | $13,997 | - | - | $13,997 |
| All Other Expenses | $13,727 | - | - | $13,727 |
| Other Expenses | $10,432 | - | - | $10,432 |
| Fees for Services Accounting | $9,880 | - | - | $9,880 |
| Travel | $6,368 | - | - | $6,368 |
| Office Expenses | - | $305 | - | $305 |
| Total Functional Expenses | $773,163 | $305 | $0 | $773,468 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Backup withholding compliance
- 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, Page 6, Part VI, Line 11B
“Executive director reviews draft before submission to irs.”
Form 990, Page 6, Part VI, Line 19
“No documents available to the public”
Filing and Contact Details
Filer
- Filer Name
- VIRGINIA'S GROWTH ALLIANCE INC
- EIN
- 88-4260980
- Phone
- 4349552252
- Address
- P O BOX 307, BOYDTON, VA 23917
Signing Officer
- Name
- David W Denny
- Title
- Executive Director
- Phone
- 4342652382
- Signed
- 2025-10-29
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- David W Denny
- Formed
- 2022
- Voting Board Members
- 12
- Independent Board Members
- 12
- Employees
- 0
Preparer
- Firm
- Creedle Jones & Associates Pc
- Address
- 828 N MECKLENBURG AVE, SOUTH HILL, VA 23970
- Preparer
- Robin B Jones CPA
- Phone
- 4344477111
Supplemental Narrative
Additional Explanations
FORM 990 - ORGANIZATION'S MISSION
“Virginia's growth alliance, inc. Is formed exclusively for charitable purposes toward achieving the goals of economic development. The purposes of the corporation include, but are not limited to (1) promoting social welfare by providing economic opportunities for new businesses, new employment and expanding and supporting existing businesses in the corporation's geographical area. (2) promoting business location into and relocation within the corporation's geographical area and its members' localities. (3) engaging in programs to counter unemployed and underemployed situations and to address economically blighted areas. Vga helps promote revolving loan fund and other funding programs available to small business/microenterprises. (4) engaging in such pursuits as may be necessary or incidental, or which my aid and assist, in carrying out the corporation's purpose.”
Form 990, Page 2, Part III, Line 4A
“Virginia's growth alliance, inc. Is formed exclusively for charitable purposes toward achieving the goals of economic development. The purposes of the corporation include, but are not limited to (1) promoting social welfare by providing economic opportunities for new businesses, new employment and expanding and supporting existing businesses in the corporation's geographical area. (2) promoting business location into and relocation within the corporation's geographical area and its members' localities. (3) engaging in programs to counter unemployed and underemployed situations and to address economically blighted areas. Vga helps promote revolving loan fund and other funding programs available to small business/microenterprises. (4) engaging in such pursuits as may be necessary or incidental, or which my aid and assist, in carrying out the corporation's purpose.”
Form 990, Part XI, Line 9
“ROUNDING 0 ROUNDING 0”
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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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| IRS990/OtherExpensesGrp/Desc | 0 | GOVA PROJECTS |
| IRS990/OtherExpensesGrp/Desc | 1 | TRCC PROJECTS |
| IRS990/OtherExpensesGrp/Desc | 2 | DISBURSEMENT OF VGA LOANS |
| IRS990/OtherExpensesGrp/Desc | 3 | WEBSITE DESIGN |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 196089 |
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| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 10432 |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 0 | 2025-06-30 |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt | 1 | 2025-06-30 |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt | 1 | 400 |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt | 1 | 501(C)(3) |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm | 0 | LAKE COUNTRY DEVELOPMENT CORPORATIO |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/PersonNm | 1 | THE BAILEY CENTER FOR SPECIAL NEEDS |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 0 | 200 S MECKLENBURG AVENUE |
| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt | 1 | 219 E ATLANTIC STREET |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm | 1 | SOUTH HILL |
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| IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd | 1 | VA |
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| IRS990/ScheduleORequiredInd | 0 | false |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | VIRGINIA'S GROWTH ALLIANCE, INC. IS FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES TOWARD ACHIEVING THE GOALS OF ECONOMIC DEVELOPMENT. THE PURPOSES OF THE CORPORATION INCLUDE, BUT ARE NOT LIMITED TO (1) PROMOTING SOCIAL WELFARE BY PROVIDING ECONOMIC OPPORTUNITIES FOR NEW BUSINESSES, NEW EMPLOYMENT AND EXPANDING AND SUPPORTING EXISTING BUSINESSES IN THE CORPORATION'S GEOGRAPHICAL AREA. (2) PROMOTING BUSINESS LOCATION INTO AND RELOCATION WITHIN THE CORPORATION'S GEOGRAPHICAL AREA AND ITS MEMBERS' LOCALITIES. (3) ENGAGING IN PROGRAMS TO COUNTER UNEMPLOYED AND UNDEREMPLOYED SITUATIONS AND TO ADDRESS ECONOMICALLY BLIGHTED AREAS. VGA HELPS PROMOTE REVOLVING LOAN FUND AND OTHER FUNDING PROGRAMS AVAILABLE TO SMALL BUSINESS/MICROENTERPRISES. (4) ENGAGING IN SUCH PURSUITS AS MAY BE NECESSARY OR INCIDENTAL, OR WHICH MY AID AND ASSIST, IN CARRYING OUT THE CORPORATION'S PURPOSE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | VIRGINIA'S GROWTH ALLIANCE, INC. IS FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES TOWARD ACHIEVING THE GOALS OF ECONOMIC DEVELOPMENT. THE PURPOSES OF THE CORPORATION INCLUDE, BUT ARE NOT LIMITED TO (1) PROMOTING SOCIAL WELFARE BY PROVIDING ECONOMIC OPPORTUNITIES FOR NEW BUSINESSES, NEW EMPLOYMENT AND EXPANDING AND SUPPORTING EXISTING BUSINESSES IN THE CORPORATION'S GEOGRAPHICAL AREA. (2) PROMOTING BUSINESS LOCATION INTO AND RELOCATION WITHIN THE CORPORATION'S GEOGRAPHICAL AREA AND ITS MEMBERS' LOCALITIES. (3) ENGAGING IN PROGRAMS TO COUNTER UNEMPLOYED AND UNDEREMPLOYED SITUATIONS AND TO ADDRESS ECONOMICALLY BLIGHTED AREAS. VGA HELPS PROMOTE REVOLVING LOAN FUND AND OTHER FUNDING PROGRAMS AVAILABLE TO SMALL BUSINESS/MICROENTERPRISES. (4) ENGAGING IN SUCH PURSUITS AS MAY BE NECESSARY OR INCIDENTAL, OR WHICH MY AID AND ASSIST, IN CARRYING OUT THE CORPORATION'S PURPOSE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EXECUTIVE DIRECTOR REVIEWS DRAFT BEFORE SUBMISSION TO IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | NO DOCUMENTS AVAILABLE TO THE PUBLIC |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ROUNDING 0 ROUNDING 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PART XI, LINE 9 |
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| IRS990/SignificantChangeInd | 0 | false |
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| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | true |
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| IRS990/TotalAssetsEOYAmt | 0 | 0 |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 535540 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 305 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 773163 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 773468 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 12078 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 0 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 12078 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 232593 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 0 |
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| IRS990/TotalProgramServiceRevenueAmt | 0 | 5252 |
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| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 0 |
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| IRS990/TravelGrp/TotalAmt | 0 | 6368 |
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| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/USAddress/AddressLine1Txt | 0 | 109 CAMPUS DRIVE |
| IRS990/USAddress/CityNm | 0 | ALBERTA |
| IRS990/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/USAddress/ZIPCd | 0 | 23821 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 12 |
| IRS990/VotingMembersIndependentCnt | 0 | 12 |
| IRS990/WebsiteAddressTxt | 0 | WWW.VAGROWTH.COM |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DAVID W DENNY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
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| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-29 |
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| ReturnHeader/Filer/EIN | 0 | 884260980 |
| ReturnHeader/Filer/PhoneNum | 0 | 4349552252 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | P O BOX 307 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | BOYDTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 23917 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
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| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CREEDLE JONES & ASSOCIATES PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 828 N MECKLENBURG AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | SOUTH HILL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 23970 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 4344477111 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-30 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | ROBIN B JONES CPA |
| ReturnHeader/ReturnTs | 0 | 2025-11-17T08:58:44-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
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