Southern Virginia Regional Alliance
- Assets
- $33.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Danville, VA
- Founding
- 06/2013
- Data as of
- 06/2023
- EIN
- 45-5424278
Organization Overview
Southern Virginia Regional Alliance is located in Danville, VA. The organization was established in 2013. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Virginia Regional Alliance is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, Southern Virginia Regional Alliance generated $165.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $186.0k during the year ending 06/2023. While expenses have increased by 8.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
MARKETING THE REGION GLOBALLY TO ATTRACT NEW INDUSTRIES INTO THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Corrie Bobe President | 2 | $0 | |
Linda Hudson-Green Executive Director | 20 | $0 | |
Kristy Johnson Vice President | 2 | $0 | |
Matt Rowe Immediate Past President | 2 | $0 | |
Angela Anderson Treasurer | 2 | $0 | |
Telly Tucker Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $165,709 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $165,709 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $73,378 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $112,633 |
| Total expenses | $186,011 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $33,378 |
| Other assets | $0 |
| Total assets | $33,378 |
| Total liabilities | $0 |
| Net assets or fund balances | $33,378 |