Fredericksburg Regional Alliance Inc
- Assets
- $599.1k
- Revenue
- $764.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Fredericksburg, VA
- Founding
- 08/2000
- Data as of
- 06/2022
- EIN
- 54-1961653
Organization Overview
Fredericksburg Regional Alliance Inc is located in Fredericksburg, VA. The organization was established in 2000. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Fredericksburg Regional Alliance Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fredericksburg Regional Alliance Inc 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, Fredericksburg Regional Alliance Inc generated $764.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $702.1k during the year ending 06/2022. While expenses have increased by 1.2% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ATTRACT AND MAINTAIN QUALITY PROFESSIONAL BUSINESS ORGANIZATIONS INTO THE AREA THROUGH VARIOUS PROMOTIONAL ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING TO FREDERICKSBURG REGIONAL CORPORATE DECISION-MAKERS TO EXPAND OR RELOCATE THEIR COMPANIES. ATTENDANCE AT MARKETING AND TRADESHOWS TO MARKET THE REGION. ASSISTANCE TO EXISTING BUSINESSES AND INDUSTRIES WITH WORKFORCE DEVELOPMENT ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Curry Roberts President | Officer | 40 | $235,712 |
Lloyd Harrison Chair | OfficerTrustee | 1 | $0 |
Charles Payne Jr Vice Chair | OfficerTrustee | 1 | $0 |
John Hewa Secretary | OfficerTrustee | 1 | $0 |
Margaret Hardy General Coun | OfficerTrustee | 1 | $0 |
Dr Janet Gullickson Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $364,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $394,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $759,192 |
| Total Program Service Revenue | $0 |
| Investment income | $303 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $764,290 |
| 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. | $240,337 |
| Compensation of current officers, directors, key employees. | $76,523 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $161,715 |
| Pension plan accruals and contributions | $27,821 |
| Other employee benefits | $6,348 |
| Payroll taxes | $25,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,200 |
| Fees for services: Accounting | $11,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,309 |
| Advertising and promotion | $134,507 |
| Office expenses | $463 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $49,906 |
| Travel | $4,380 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,849 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,057 |
| Insurance | $1,722 |
| All other expenses | $924 |
| Total functional expenses | $702,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,848 |
| Savings and temporary cash investments | $290,921 |
| Pledges and grants receivable | $58,542 |
| 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 | $8,850 |
| Net Land, buildings, and equipment | $2,934 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $599,095 |
| Accounts payable and accrued expenses | $49,129 |
| 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 | $146,798 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $195,927 |
| Net assets without donor restrictions | $311,626 |
| Net assets with donor restrictions | $91,542 |
| 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 | $599,095 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fredericksburg Regional Alliance Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Mary Washington Healthcare Fredericksburg, VA PURPOSE: COMPREHENSIVE HEALTH INVESTMENT PLAN SUPPORT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Soundexchange Inc Washington, DC | $739,346,856 | $68,696,516 |
Ltc Reinsurance Pcc Washington, DC | $2,201,458,175 | $98,451,933 |
Green Business Certification Inc Washington, DC | $85,505,548 | $44,270,395 |
Council Of Better Business Bureaus Inc Arlington, VA | $12,407,236 | $29,190,679 |
Alliance For Lifetime Income Washington, DC | $7,619,918 | $19,897,111 |
Ltc Reinsurance Pcc Washington, DC | $361,855,078 | $23,669,640 |
Urac Washington, DC | $81,439,201 | $26,248,621 |
Virginia Equine Alliance Warrenton, VA | $24,647,483 | $20,710,903 |
North American Meat Institute Washington, DC | $15,669,601 | $11,771,364 |
Yaplus Arlington, VA | $14,080,198 | $11,268,285 |
Structured Finance Industry Group Inc Washington, DC | $15,991,884 | $10,124,152 |
Virginia Utility Protection Service Inc Roanoke, VA | $16,444,690 | $8,907,059 |