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← SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC

Form 990 for tax year 2022

Filed by SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC.

Totals

Total revenue
$463,349
Total expenses
$472,918
Contributions and grants received
$463,349
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$260,544
Total liabilities, end of year
$12,617
Net assets or fund balances, end of year
$247,927
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

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)

    $463,349

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $103,278

  • 7 · Other salaries and wages

    total $211,236

  • 8 · Pension plan contributions

    total $11,023

  • 9 · Other employee benefits

    total $9,158

  • 10 · Payroll taxes

    total $25,066

  • 11b · Fees: legal

    total $83

  • 11c · Fees: accounting

    total $7,100

  • 11g · Fees: other

    total $49,950

  • 13 · Office expenses

    total $1,295

  • 17 · Travel

    total $4,578

  • 19 · Conferences, conventions and meetings

    total $1,035

  • 23 · Insurance

    total $548

  • 24a · Other expenses: PROGRAM SERVICES

    total $27,755

  • 24b · Other expenses: EQUIPMENT SERVICE

    total $13,520

  • 24c · Other expenses: TELEPHONE

    total $2,394

  • 24d · Other expenses: DUES AND MEMBERSHIPS

    total $845

  • 24e · All other expenses

    total $4,054

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $151,840 · end of year $71,335

  • 4 · Accounts receivable

    beginning of year $111,803 · end of year $189,209

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,147 · end of year $12,617

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $257,496 · end of year $247,927

Mission and programs · 2022

Mission

TO FOSTER SMALL BUSINESS SUCCESS AND GROW THE REGION'S ECONOMY.

  • COORDINATING AND ENCOURAGING THE DEVELOPMENT OF SMALL BUSINESSES IN THEHAMPTON ROADS AREA.

  • ASSISTING SMALL BUSINESSES AND INDIVIDUALS ADVERSELY AFFECTED BY THE PANDEMIC.

As filed on the 2022 return.

Listed in Part VII

  • BRYAN STEPHENS

    PRESIDENT

    Total calculated
    $299,582
    From this org
    $0
    From related orgs
    $280,400
    Other
    $19,182
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,000 related
    Bonus
    $0
    Other
    $0 + $5,400 related
    Deferred
    $0 + $17,535 related
    Nontaxable benefits
    $0 + $1,647 related
    Filer's total
    $0 + $299,582 related

  • SYLVIA M HAINES

    SECRETARY

    Total calculated
    $114,015
    From this org
    $0
    From related orgs
    $100,000
    Other
    $14,015
    Hours/week
    1 + 40 related

  • JAMES T CARROLL III

    CENTER DIRECTOR

    Total calculated
    $40,802
    From this org
    $37,962
    From related orgs
    $0
    Other
    $2,840
    Hours/week
    18.75

  • JOHN WILSON

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • BILL HOLLORAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • JODY A KEENAN

    EX OFFICIO MEMBER

    Total calculated
    $0
    Hours/week
    0.3

  • JAMES W NOEL JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • JEFF RICHARDSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • BRENT SWANSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • JOLIE SPIERS

    CENTER DIRECTOR

    Total calculated
    $62,477
    From this org
    $57,244
    From related orgs
    $0
    Other
    $5,233
    Hours/week
    18.75

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Written employment contract

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
6 November 2023
IRS schema version
2022v5.0
Source object
202343189349301929

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