Form 990 for tax year 2023
Filed by VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE.
Totals
- Total revenue
- $564,198
- Total expenses
- $560,676
- Contributions and grants received
- $512,904
- Grants paid
- $0
- Program service revenue
- $44,003
- Investment income
- $7,291
- Other revenue
- $0
- Total assets, end of year
- $433,270
- Total liabilities, end of year
- $6,502
- Net assets or fund balances, end of year
- $426,768
- Program services expenses (Part IX)
- $413,100
- Management and general expenses
- $137,975
- Fundraising expenses
- $9,601
- Program service expenses (Part III)
- $413,100
Program services were 73.7% 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)
$196,974
-
1f · All other contributions, gifts and grants
$315,930
-
2a · Program service revenue: FTZ APPLICATION FEES
total $22,500 · related or exempt $22,500
-
2b · Program service revenue: INVESTOR RELATIONS EVENTS
total $20,850 · related or exempt $20,850
-
2c · Program service revenue: OTHER REVENUE
total $653 · related or exempt $653
-
3 · Investment income
total $5,206 · excluded $5,206
-
7a · Gross sales of assets other than inventory
other assets $2,100
-
7b · Less cost or other basis and sales expenses
other assets $15
-
7c · Gain or loss
other assets $2,085
-
7d · Net gain or loss
total $2,085 · related or exempt $2,085
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $112,486 · program services $98,456 · management and general $14,030
-
7 · Other salaries and wages
total $135,535 · program services $113,880 · management and general $21,655
-
8 · Pension plan contributions
total $57,188 · program services $45,751 · management and general $8,578 · fundraising $2,859
-
10 · Payroll taxes
total $19,226 · program services $15,381 · management and general $2,884 · fundraising $961
-
11c · Fees: accounting
total $13,940 · management and general $13,940
-
11g · Fees: other
total $15,621 · management and general $15,621
-
13 · Office expenses
total $4,990 · management and general $4,990
-
16 · Occupancy
total $26,824 · management and general $26,824
-
17 · Travel
total $1,686 · program services $99 · management and general $1,587
-
19 · Conferences, conventions and meetings
total $819 · program services $819
-
23 · Insurance
total $6,841 · management and general $6,841
-
24a · Other expenses: INDUSTRY, TALENT, PLACEMA
total $112,012 · program services $112,012
-
24b · Other expenses: RESEARCH AND BUSINESS DEV
total $42,682 · program services $25,347 · management and general $11,554 · fundraising $5,781
-
24c · Other expenses: MAINTENANCE
total $4,755 · management and general $4,755
-
24d · Other expenses: SUBSCRIPTIONS AND DUES
total $3,610 · program services $1,250 · management and general $2,360
-
24e · All other expenses
total $2,461 · program services $105 · management and general $2,356
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $280,461 · end of year $183,756
-
2 · Savings and temporary cash investments
beginning of year $151,879 · end of year $205,206
-
9 · Prepaid expenses and deferred charges
beginning of year $1,443 · end of year $1,443
-
10a · Land, buildings and equipment: cost or other basis
$61,263
-
10b · Land, buildings and equipment: accumulated depreciation
$18,398
-
10c · Land, buildings and equipment, net
beginning of year $8,445 · end of year $42,865
-
17 · Accounts payable and accrued expenses
beginning of year $6,730 · end of year $6,502
-
27 · Net assets without donor restrictions
beginning of year $435,498 · end of year $426,768
Mission and programs · 2023
Mission
TO ATTRACT AND RETAIN WORLD-CLASS JOBS, INVESTMENT AND TALENT IN THE NEW RIVER VALLEY BY MARKETING THE REGION AS A PREMIER DESTINATION TO LIVE, WORK AND DO BUSINESS AND BY BUILDING COLLABORATIVE PARTNERSHIPS THAT PROMOTE ECONOMIC VITALITY IN THE REGION.
Activities or mission (Part I)
THE ORGANIZATION'S MISSION IS TO ATTRACT AND RETAIN WORLD CLASS JOBS, INVESTMENT AND TALENT IN VIRGINIAS NEW RIVER VALLEY.
-
DEVELOPMENT OF THE LOCAL ECONOMY THROUGH MARKETING AND REGIONAL OUTREACH STRATEGIES.
Expenses $333,659 · Revenue $21,503
-
DEVELOPMENT OF THE LOCAL ECONOMY THROUGH INVESTOR RELATION PROGRAMS AND EVENTS.
Expenses $62,018
-
DEVELOPMENT OF THE LOCAL ECONOMY THROUGH THE VIRGINIA TRADEPORT PROGRAM.
Expenses $17,423 · Revenue $22,500
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KATHLEEN BOSWELL
EXECUTIVE DI
- Total calculated
- $96,075
- From this org
- $96,075
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
BRIAN ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID BENNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KEITH BOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MINDY BOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
APRIL DEMOTTS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
LAUREN DUDLEY
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
SARA EATON-MCDANIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RODNEY FULTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN GARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CORA GNEGY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
BRIAN HAMILTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MATT HANRATTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
VINCE HATCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BRIAN HICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NATHAN HOCKERSMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARTY HOLLIDAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANGELA JOYNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CARIE KINGERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LINDA MILLSAPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANDREW OWENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GRAYSON PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JOHN PROVO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KIM REPASS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT ROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARK ROWH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LAURA WALTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LEE WHEELER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WAYNE WHITLOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ABRAM WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RANDY WINGFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARK WOOLWINE
CHAIR
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202413189349304356
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