Cumberland Plateau Company Inc
- Assets
- $9.6m
- Revenue
- $675.0k
- Investments
- $0.0
- Employees
- 12
- Location
- Lebanon, VA
- Founding
- 01/1981
- Data as of
- 06/2021
- EIN
- 51-0251979
Organization Overview
Cumberland Plateau Company Inc is located in Lebanon, VA. The organization was established in 1981. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Cumberland Plateau Company Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cumberland Plateau Company Inc 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 06/2021, Cumberland Plateau Company Inc generated $675.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $1.5m during the year ending 06/2021. While expenses have increased by 9.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOLD TITLE TO PROPERTY AND LOAN PROGRAMS FOR LOCAL GOVERNMENTS. DEVELOPE PROPERTY FOR LOCAL GOVERNMENTS WHICH IS USED IN ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION IS DEVELOPING A BROADBAND INTERNET SYSTEM STRUCTURE FOR THE SOUTHWEST VIRGINIA COUNTIES OF RUSSELL, DICKENSON, TAZEWELL AND BUCHANAN.
ENTITY HOLDS TITLE TO VARIOUS PROPERTIES FOR LOCAL GOVERNMENTS WHICH ARE LEASED ON THEIR BEHALF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Peters Chair | OfficerTrustee | $2,600 | |
Charles Stacy Director | Trustee | $2,300 | |
Lou Ann Wallace Director | Trustee | $2,300 | |
Roger Rife Sec/treasure | OfficerTrustee | $2,200 | |
Steve Breeding Director | Trustee | $2,200 | |
Shelbie Willis Director | Trustee | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $18,000 |
| Government grants | $227,151 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $245,151 |
| Total Program Service Revenue | $410,798 |
| Investment income | $19,063 |
| 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 | $675,012 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $714,137 |
| 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. | $15,800 |
| Compensation of current officers, directors, key employees. | $15,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,070 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,200 |
| Fees for services: Accounting | $6,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $302,295 |
| Advertising and promotion | $0 |
| Office expenses | $1,409 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $436,806 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,484,217 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,315 |
| Savings and temporary cash investments | $4,251,887 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,839 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,099,637 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,644,678 |
| Accounts payable and accrued expenses | $7,494 |
| 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 | $0 |
| Total liabilities | $7,494 |
| Net assets without donor restrictions | $564,186 |
| Net assets with donor restrictions | $9,072,998 |
| 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 | $9,644,678 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Tivoli Theatre Foundation Inc Chattanooga, TN | $19,745,641 | $23,020,214 |
Cccp Community Trust Charlotte, NC | $3,032,444 | $5,842,596 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Coalition For App Fairness Washington, DC | $984,677 | $4,439,544 |
Germantown Cultural Arts Center Inc Germantown, MD | $1,282,498 | $3,689,211 |
Metropolitan School Of The Arts Alexandria, VA | $1,125,949 | $3,020,151 |
Paramount Theater Of Charlottesville Inc Charlottesville, VA | $2,248,840 | $3,822,333 |
The Avalon Foundation Inc Easton, MD | $5,588,979 | $2,877,348 |
Weinberg Center For The Arts Inc Frederick, MD | $1,941,791 | $2,451,910 |
Chesapeake Shakespeare Company Baltimore, MD | $6,775,926 | $2,236,169 |
Thalian Hall Center For Performing Arts Inc Wilmington, NC | $1,750,747 | $2,399,584 |
Cumberland Plateau Company Inc Lebanon, VA | $9,644,678 | $675,012 |