Totals
- Total revenue
- $1,135,831
- Total expenses
- $641,595
- Contributions and grants received
- $1,017,081
- Grants paid
- $148,722
- Program service revenue
- $84,964
- Investment income
- $34,840
- Other revenue
- -$1,054
- Total assets, end of year
- $2,195,647
- Total liabilities, end of year
- $1,103,377
- Net assets or fund balances, end of year
- $1,092,270
- Program services expenses (Part IX)
- $508,132
- Management and general expenses
- $108,191
- Fundraising expenses
- $25,272
- Program service expenses (Part III)
- $508,132
Program services were 79.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$820,231
-
1f · All other contributions, gifts and grants
$196,850
-
2a · Program service revenue: BUSINESS EDUCATION
total $20,877 · related or exempt $20,877
-
2b · Program service revenue: LOW COST RENT TO START UP
total $64,087 · related or exempt $64,087
-
3 · Investment income
total $26,055 · excluded $26,055
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $44,232
-
6b · Less rental expenses
real property $48,054
-
6c · Rental income or loss
real property -$3,822
-
6d · Net rental income or loss
total -$3,822 · unrelated business -$3,822
-
7a · Gross sales of assets other than inventory
other assets $17,000
-
7b · Less cost or other basis and sales expenses
other assets $8,215
-
7c · Gain or loss
other assets $8,785
-
7d · Net gain or loss
total $8,785 · excluded $8,785
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER REVENUE
total $2,768 · excluded $2,768
-
11e · Other revenue, total
$2,768
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $148,722 · program services $148,722
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $61,000 · program services $42,700 · management and general $12,200 · fundraising $6,100
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $119,144 · program services $83,401 · management and general $23,829 · fundraising $11,914
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $14,444 · program services $10,111 · management and general $2,889 · fundraising $1,444
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $15,978 · program services $7,989 · management and general $7,989
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $85,762 · program services $85,762
-
12 · Advertising and promotion
total $1,134 · program services $1,134
-
13 · Office expenses
total $26,725 · program services $18,707 · management and general $4,009 · fundraising $4,009
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $2,097 · program services $1,887 · management and general $210
-
17 · Travel
total $8,348 · program services $7,513 · fundraising $835
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $19,939 · management and general $19,939
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $18,745 · program services $14,996 · management and general $3,749
-
23 · Insurance
total $7,931 · management and general $7,931
-
24a · Other expenses: UTILITIES
total $38,113 · program services $30,490 · management and general $7,623
-
24b · Other expenses: UNCOLLECTIBLE PLEDGES
total $26,788 · program services $26,788
-
24c · Other expenses: ACCREDITATION & MEMBERSHIPS
total $14,481 · program services $11,585 · management and general $2,896
-
24d · Other expenses: BANK CHARGE
total $11,296 · management and general $11,296
-
24e · All other expenses
total $20,948 · program services $16,347 · management and general $3,631 · fundraising $970
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $141,226 · end of year $188,555
-
2 · Savings and temporary cash investments
beginning of year $44,287 · end of year $29,657
-
3 · Pledges and grants receivable
beginning of year $141,808 · end of year $214,456
-
4 · Accounts receivable
beginning of year $15,626 · end of year $4,920
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $5,685 · end of year $3,261
-
7 · Other notes and loans receivable
beginning of year $316,145 · end of year $313,927
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,672 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$1,064,222
-
10b · Land, buildings and equipment: accumulated depreciation
$177,224
-
10c · Land, buildings and equipment, net
beginning of year $924,490 · end of year $886,998
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $4,095 · end of year $3,741
-
15 · Other assets
end of year $550,132
-
17 · Accounts payable and accrued expenses
beginning of year $33,377 · end of year $24,529
-
19 · Deferred revenue
beginning of year $99,292 · end of year $99,292
-
23 · Secured mortgages and notes payable
beginning of year $861,331 · end of year $975,940
-
25 · Other liabilities
beginning of year $3,000 · end of year $3,616
-
27 · Net assets without donor restrictions
beginning of year $345,141 · end of year $931,675
-
28 · Net assets with donor restrictions
beginning of year $252,893 · end of year $160,595
Mission and programs · 2024
Mission
TO CREATE OPPORTUNITIES THAT SUPPORT ECONOMIC PROSPERITY AND GROWTH FOR CITIZENS AND COMMUNITIES ACCOMPLISHED THROUGH DIVERSE EDUCATIONAL OPTIONS; LEVERAGING LOCAL, FEDERAL AND STATE RESOURCES; ACCESS TO HOUSING AND BUSINESS INCUBATION/ACCELERATION SPACES; AND INVESTMENT IN BUSINESS AND COMMUNITY DEVELOPMENT.
-
SERVED 100 ENTREPERENEURS CONNECTING THEM WITH EDUCATION, MENTORSHIP, RESOURCES AND CONNECTION. CREATED AND HOSTED TRAININGS THAT SERVED 30 COMMUNITIES AND OVER 150 ENTREPRENEURS AND INNOVATORS.
Expenses $332,110 · Grants $148,722 · Revenue $20,877
-
Finalizing renovations for a new business acceleration and incubation spaces, commercial kitchen, marketplace for small scale businesses
Expenses $176,022 · Revenue $64,067
As filed on the 2024 return.
Listed in Part VII
-
Annette Patterson
President
- Total calculated
- $67,500
- From this org
- $67,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 60
-
Judy Wood
SECRETARY/TREAS
- Total calculated
- $0
- Hours/week
- 2
-
Jon McCoy
Director
- Total calculated
- $0
- Hours/week
- 2
-
Becky Freemal
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Patrick Patterson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Marcia Major
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Linda BaileyLINDA BAILEY
Director
- Total calculated
- $0
- Hours/week
- 2
-
Katie ConnerKATIE CONNER
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer EddyJENNIFER EDDY
Director
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
GATHER AT 411 E MAIN LLC
$23,000
TO HELP WITH START UP COSTS
-
410 ON MAIN CORPORATION
$20,000
TO HELP WITH START UP COSTS
-
THE CHARC BOARD LLC
$18,500
TO HELP WITH START UP COSTS
-
THE FRIENDLY FORK CATERING
$11,000
TO HELP WITH START UP COSTS
-
SOLVACY
$8,760
TO HELP WITH START UP COSTS
-
OFF THE RIVER
$8,000
TO HELP WITH START UP COSTS
-
BLUE RIDGE OUTDOOR SCHOOL LL
$7,000
TO HELP WITH START UP COSTS
-
CHAOS CORNER
$5,500
TO HELP WITH START UP COSTS
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349302982
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.