Blue Ridge Business Development Center
- Assets
- $187.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sparta, NC
- Founding
- 06/2007
- Data as of
- 12/2022
- EIN
- 03-0399624
Organization Overview
Blue Ridge Business Development Center is located in Sparta, NC. The organization was established in 2007. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blue Ridge Business Development Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Blue Ridge Business Development Center generated $87.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.8%) each year. All expenses for the organization totaled $86.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE COMMERCIAL RENTAL PROPERTY FOR AN INCUBATOR IN ALLEGHANY COUNTY AT A REASONABLE PRICE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Richardson Chairman | 2 | $0 | |
Bryan Edwards Director | 1 | $0 | |
Dale Caveny Director | 1 | $0 | |
Kate Irwin Secretarytreasurer | 8 | $0 | |
Wanda Beck Director | 1 | $0 | |
Ryan Wilmoth Vice Chairman | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $70,285 |
| Total Program Service Revenue | $16,480 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,017 |
| Total Revenue | $87,782 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $5,463 |
| Professional fees and other payments to independent contractors | $17,896 |
| Occupancy, rent, utilities, and maintenance | $24,127 |
| Printing, publications, postage, and shipping | $32,888 |
| Other expenses | $6,428 |
| Total expenses | $86,802 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $160,666 |
| Other assets | $0 |
| Total assets | $187,901 |
| Total liabilities | $0 |
| Net assets or fund balances | $187,901 |