Virginia Economic Bridge in Radford, Virginia (VA)
Table of contents:
| Virginia Economic Bridge | |
| Employer Identification Number (EIN) | 541775380 |
| Name of Organization | Virginia Economic Bridge |
| Address | 26 Crestview Dr, Radford, VA 24141-3617 |
| Activities | Described in section 170(b)1)(a)(vi) of the Code, Area development, redevelopment of renewal |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 01/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Tax Period | 06/2011 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $16,785 |
| Amount of Income | $155,532 |
| Form 990 Revenue Amount | $155,532 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Economic Development |
Non-representatives - add comments:
Amount of income in 2011: $155,532 (it was $358,423 in 2010)
| This organization: | $155,532 |
| Other organizations performing similar types of work: | $135,279 |
Assets in 2011: $16,785 (it was $93,613 in 2010)
| This organization: | $16,785 |
| Other organizations performing similar types of work: | $114,906 |
Expenses in 2011: $232,360
| This organization: | $232,360 |
| Other organizations performing similar types of work: | $121,073 |
Income to expenses ratio in 2011: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2011: 74.8%
| This organization: | 74.8% |
| Other organizations performing similar types of work: | 8.8% |
Revenue for 2011
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2011) | |
| Total revenue | $155,532 |
| Contributions, gifts, grants, and similar amounts received | $116,362 |
| Program service revenue including government fees and contracts | $39,022 |
| Membership dues and assessments | $0 |
| Investment income | $148 |
| Gain from sale of assets other than inventory | $0 |
| Net income from gaming and fundraising events | $0 |
| Gross profit from sales of inventory | $0 |
| Other revenue | $0 |
| Total expenses | $232,360 |
| Total net assets | $-58,215 |
| Deficit for the year | $-76,828 |
| Net assets or fund balances at beginning of year | $18,613 |
| Other changes in net assets or fund balances | $0 |
| Balance Sheets (for 2011) | |
| Total assets | $16,785 |
| Total liabilities | $75,000 |
| Net assets or fund balances | $-58,215 |
| Other Information (for 2011) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Reason for Public Charity Status (for 2011) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011) | |
| 2007 - 2011 Total | |
|---|---|
| Total Support | $1,153,720 |
| Gifts, grants, contributions, and membership fees received | $1,152,741 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $979 |
| Gross receipts from related activities, etc. | $39,022 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | West River Foundation For Economic And Community Development | PO BOX 605, Sturgis, SD 57785-0605 | SD | 2000-10 | $1,093,865 |
| 2 | West Piedmont Workforce Investment Board | 300 Franklin St Ste 241, Martinsville, VA 24112-2176 | VA | 2003-03 | $2,896,810 |
| 3 | Martinsvill-Henry County Economic Development Corporation | PO BOX 631, Martinsville, VA 24114-0631 | VA | 2008-09 | $2,836,903 |
| 4 | Local Food Hub | PO BOX 4647, Charlottesvle, VA 22905-4647 | VA | 2010-06 | $1,662,908 |
| 5 | The Launch Place | 527 Bridge Street Suite 200, Danville, VA 24541-1405 | VA | 2005-11 | $1,433,070 |
| 6 | Virginias Gateway Region Inc | 256 E Ellerslie Ave Ste D, Colonial Hgts, VA 23834-1407 | VA | 2005-01 | $584,670 |
| 7 | Round The Mountain Southwest Virginias Artisan Network | 1 Heartwood Cir, Abingdon, VA 24210-8398 | VA | 2006-03 | $495,917 |
| 8 | Community Knights Inc | 7 Woodcreek Ct, Hampton, VA 23666-2189 | VA | 2013-01 | $470,322 |
| 9 | Community Investment Collaborative | PO BOX 2976, Charlottesvle, VA 22902-2976 | VA | 2012-06 | $350,043 |
| 10 | Virginia Highlands Small Business Incubator | 851 French Moore Jr Blvd, Abingdon, VA 24210-4738 | VA | 2002-06 | $306,627 |
| 11 | Peninsula Technology Incubator | 100 Exploration Way, Hampton, VA 23666-6266 | VA | 2014-05 | $285,368 |
| 12 | Virginia Economic Bridge | 26 Crestview Dr, Radford, VA 24141-3617 | VA | 1996-01 | $155,532 |
| 13 | Hopewell Downtown Partnership Inc | 205 1/2 E Broadway Ave Ste 1, Hopewell, VA 23860 | VA | 2010-09 | $72,500 |
| 14 | Shenandoah Valley Incubator Technology Center Inc | 50 Lodge Ln Ste 114, Verona, VA 24482-9400 | VA | 2000-06 | $69,544 |
| 15 | Southwest Regional Enterprise Center Inc | 1117 E Stuart Drive, Galax, VA 24333-2656 | VA | 2002-04 | $48,511 |
| 16 | Abingdon Main Street Inc | PO BOX 1231, Abingdon, VA 24212-1231 | VA | 2008-09 | $42,156 |
| 17 | Virginias River Country | PO BOX 286, Saluda, VA 23149-0286 | VA | 1999-07 | $30,339 |
| 18 | Virginia Downtown Development Association | 2231 Dale Bay Ln, Henrico, VA 23233 | VA | 1997-11 | $18,912 |
| 19 | United Professionals Inc | 1078 N Turnberry, Williamsburg, VA 23188 | VA | 2008-08 | $11,994 |
| 20 | Downtown Danville Association | 635 Main St, Danville, VA 24541 | VA | 2002-03 | $5,966 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 3,253 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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