Blacksburg Partnership
- Assets
- $191.5k
- Revenue
- $308.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Blacksburg, VA
- Founding
- 06/2004
- Data as of
- 06/2024
- EIN
- 04-3765864
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Ann Cassell President | OfficerTrustee | 40 | $110,738 |
Carolyn Howard Chair | OfficerTrustee | 1 | $0 |
Bill Flattery Vice Chair | OfficerTrustee | 1 | $0 |
Jim Mcalister Treasurer | OfficerTrustee | 1 | $0 |
Emily Gibson Secretary | OfficerTrustee | 1 | $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 |
| 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. | $84,738 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $16,448 |
| Pension plan accruals and contributions | $5,231 |
| Other employee benefits | $8,256 |
| Payroll taxes | $9,825 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25 |
| Fees for services: Accounting | $12,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,081 |
| Office expenses | $1,042 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,860 |
| Travel | $120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $937 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,319 |
| Insurance | $5,225 |
| All other expenses | $153,082 |
| Total functional expenses | $320,160 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,353 |
| Savings and temporary cash investments | $150,613 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,409 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,682 |
| Prepaid expenses and deferred charges | $2,750 |
| Net Land, buildings, and equipment | $686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $191,493 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,724 |
| Total liabilities | $2,724 |
| Net assets without donor restrictions | $188,769 |
| Net assets with donor restrictions | $0 |
| 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 | $191,493 |