Blacksburg Partnership

Organization Overview

Blacksburg Partnership is located in Blacksburg, VA. The organization was established in 2004. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Blacksburg Partnership employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blacksburg Partnership is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.

For the year ending 06/2024, Blacksburg Partnership generated $308.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $320.2k during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (1.6%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

TO CREATE AND PROMOTE PROJECTS THAT WILL INCREASE AWARENESS AND INTEREST IN BLACKSBURG, VA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTE THE ECONOMIC DEVELOPMENT OF THE TOWN OF BLACKSBURG, VA MARKETING, PROMOTOIONAL PROGRAMS, SEPCIAL EVENTS, DEVELOPMENT OF PROPERTY, AND THE REVITALIZATION OF RETAIL DISTRICTS.


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Board, Officers & Key Employees

Name (title)Compensation
Ann Cassell
President
$110,738
Carolyn Howard
Chair
$0
Bill Flattery
Vice Chair
$0
Jim Mcalister
Treasurer
$0
Emily Gibson
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$37,445
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$192,560
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$230,005
Total Program Service Revenue$74,620
Investment income $5,161
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 -$1,090
Miscellaneous Revenue$0
Total Revenue $308,696

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