Southern Virginia Regional Alliance
- Assets
- $53.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Danville, VA
- Founding
- 06/2013
- Data as of
- 06/2022
- 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 06/2022, Southern Virginia Regional Alliance generated $102.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $108.9k during the year ending 06/2022. 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
MARKETING THE REGION GLOBALLY TO ATTRACT NEW INDUSTRIES INTO THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Adkins Director | 2 | $0 | |
Angela Anderson Treasurer | 2 | $0 | |
Betty Jo Foster Director | 2 | $0 | |
Corrie Bobe Vice President | 2 | $0 | |
Matt Rowe President | 2 | $0 | |
Linda Hudson-Green Executive Director | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,134 |
| 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 | $102,134 |
| 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 | $67,167 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $2,339 |
| Other expenses | $39,411 |
| Total expenses | $108,917 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,680 |
| Other assets | $0 |
| Total assets | $53,680 |
| Total liabilities | $0 |
| Net assets or fund balances | $53,680 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Southern Virginia Regional Alliance has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Mid-Atlantic Broadband Communities Corporation South Boston, VA PURPOSE: Economic Development | $25,000 |
Mid-Atlantic Broadband Communities Corporation South Boston, VA PURPOSE: Economic Development | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4mycity Inc Taneytown, MD | $269,763 | $70,588,044 |
Columbia Association Inc Columbia, MD | $168,635,825 | $73,239,829 |
Latino Economic Development Corporation Of Washington Dc Washington, DC | $21,296,549 | $55,386,095 |
Kennedy Krieger Education And Community Services Inc Baltimore, MD | $14,340,565 | $48,121,720 |
Mosaic Community Services Inc Timonium, MD | $34,184,592 | $47,201,258 |
Community Of Hope Inc Washington, DC | $67,233,523 | $40,561,982 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
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 |
Lexington Center Corporation Lexington, KY | $378,439,328 | $16,156,810 |