Believe In Bristol Va Inc
- Assets
- $25.5k
- Revenue
- $145.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Bristol, TN
- Founding
- 06/2006
- Data as of
- 06/2021
- EIN
- 36-4574627
Organization Overview
Believe In Bristol Va Inc is located in Bristol, TN. The organization was established in 2006. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Believe In Bristol VA Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Believe In Bristol VA Inc 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 06/2021, Believe In Bristol VA Inc generated $145.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $152.6k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER THE COLLABORATIVE VIBRANT NATURE OF BOTH BRISTOLS BY BUILDING A COMMUNITY OF CULTURE, LIFESTYLE, HERITAGE, MUSIC, AND ECONOMY. TO STRENGTHEN THE HEART AND SOUL OF OUR HISTORIC DOWNTOWN THRU MAIN STREET APPROACH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACTIVITIES RELATING TO THE ECONOMIC STIMULATION OF DOWNTOWN BRISTOL, TN/VA UTILIZING THE MAIN STREET FOUR POINT APPROACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Elliott Executive Director | 0 | $40,000 | |
Van Guthrie Secretary | OfficerTrustee | 0 | $0 |
Rene Rodgers Past President | OfficerTrustee | 0 | $0 |
Ken Monyak President | OfficerTrustee | 0 | $0 |
Joey Curcio Treasurer | OfficerTrustee | 0 | $0 |
Sarah Beth Hitt Vice President | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,231 |
| All other contributions, gifts, grants, and similar amounts not included above | $37,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,191 |
| Total Program Service Revenue | $4,570 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $713 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $145,619 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $40,000 |
| Compensation of current officers, directors, key employees. | $8,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,492 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,704 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,013 |
| Insurance | $4,145 |
| All other expenses | $0 |
| Total functional expenses | $152,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,350 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,627 |
| Net Land, buildings, and equipment | $22,525 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,502 |
| Accounts payable and accrued expenses | $451 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $26,577 |
| Other liabilities | $0 |
| Total liabilities | $27,028 |
| Net assets without donor restrictions | -$1,526 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,502 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Believe In Bristol Va Inc has recieved totaling $342.
| Awarding Organization | Amount |
|---|---|
Frizzell Foundation Bristol, TN PURPOSE: GENERAL OPERATIONS | $250 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $92 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Rivers Planning & Development District Pontotoc, MS | $48,398,868 | $43,682,575 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Hope Enterprise Corporation Jackson, MS | $150,349,143 | $24,959,106 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |