Form 990 for tax year 2024
Filed by VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE.
Totals
- Total revenue
- $575,148
- Total expenses
- $595,760
- Contributions and grants received
- $540,940
- Grants paid
- $0
- Program service revenue
- $25,400
- Investment income
- $8,808
- Other revenue
- $0
- Total assets, end of year
- $406,351
- Total liabilities, end of year
- $1,418
- Net assets or fund balances, end of year
- $404,933
- Program services expenses (Part IX)
- $431,494
- Management and general expenses
- $154,156
- Fundraising expenses
- $10,110
- Program service expenses (Part III)
- $431,494
Program services were 72.4% 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)
$210,024
-
1f · All other contributions, gifts and grants
$330,916
-
2a · Program service revenue: INVESTOR RELATIONS EVENTS
total $20,400 · related or exempt $20,400
-
2b · Program service revenue: FTZ APPLICATION FEES
total $5,000 · related or exempt $5,000
-
3 · Investment income
total $8,808 · excluded $8,808
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $118,051 · program services $103,327 · management and general $14,724
-
7 · Other salaries and wages
total $155,161 · program services $130,858 · management and general $24,303
-
8 · Pension plan contributions
total $57,686 · program services $46,149 · management and general $8,653 · fundraising $2,884
-
10 · Payroll taxes
total $21,182 · program services $16,946 · management and general $3,177 · fundraising $1,059
-
11c · Fees: accounting
total $15,306 · management and general $15,306
-
11g · Fees: other
total $17,985 · management and general $17,985
-
13 · Office expenses
total $4,945 · program services $10 · management and general $4,935
-
16 · Occupancy
total $28,017 · management and general $28,017
-
17 · Travel
total $1,254 · management and general $1,254
-
22 · Depreciation, depletion and amortization
total $17,024 · management and general $17,024
-
23 · Insurance
total $8,086 · management and general $8,086
-
24a · Other expenses: INDUSTRY, TALENT, PLACEMA
total $94,448 · program services $94,448
-
24b · Other expenses: RESEARCH AND BUSINESS DEV
total $39,849 · program services $28,506 · management and general $5,176 · fundraising $6,167
-
24c · Other expenses: SUBSCRIPTIONS AND DUES
total $12,900 · program services $11,250 · management and general $1,650
-
24d · Other expenses: TAXES, LICENSES AND FEES
total $3,404 · management and general $3,404
-
24e · All other expenses
total $462 · management and general $462
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $183,756 · end of year $163,501
-
2 · Savings and temporary cash investments
beginning of year $205,206 · end of year $214,014
-
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
$64,037
-
10b · Land, buildings and equipment: accumulated depreciation
$36,644
-
10c · Land, buildings and equipment, net
beginning of year $42,865 · end of year $27,393
-
17 · Accounts payable and accrued expenses
beginning of year $6,502 · end of year $1,418
-
27 · Net assets without donor restrictions
beginning of year $426,768 · end of year $404,933
Mission and programs · 2024
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 $324,835 · Revenue $20,400
-
DEVELOPMENT OF THE LOCAL ECONOMY THROUGH INVESTOR RELATION PROGRAMS AND EVENTS.
Expenses $82,368
-
DEVELOPMENT OF THE LOCAL ECONOMY THROUGH THE VIRGINIA TRADEPORT PROGRAM.
Expenses $24,291 · Revenue $5,000
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kathleen BoswellKATHLEEN BOSWELL
EXECUTIVE DI
- Total calculated
- $100,819
- From this org
- $100,819
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Brian AlexanderBRIAN ALEXANDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hansen BallHANSEN BALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mindy BoydMINDY BOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
April DemottsAPRIL DEMOTTS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Lauren DudleyLAUREN DUDLEY
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Sara Eaton-McDanielSARA EATON-MCDANIEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jon FitzwaterJON FITZWATER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rodney FultzRODNEY FULTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John GardnerJOHN GARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cora GnegyCORA GNEGY
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Brian HamiltonBRIAN HAMILTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt HanrattyMATT HANRATTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Vince HatcherVINCE HATCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nathan HockersmithNATHAN HOCKERSMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marty HollidayMARTY HOLLIDAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angela JoynerANGELA JOYNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adam KefferADAM KEFFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carie KingeryCARIE KINGERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin MeredithKEVIN MEREDITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Linda MillsapsLINDA MILLSAPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John ProvoJOHN PROVO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kim RepassKIM REPASS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Scott RossSCOTT ROSS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark RowhMARK ROWH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike VellinesMIKE VELLINES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura WaltersLAURA WALTERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lee WheelerLEE WHEELER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Abram WilliamsABRAM WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Randy WingfieldRANDY WINGFIELD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark WoolwineMARK 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
- 2024
- Filed
- 20 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543019349300734
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