Southwestern Virginia Technology Council
- Assets
- $7.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norton, VA
- Founding
- 09/2006
- Data as of
- 12/2018
- EIN
- 54-1954387
Organization Overview
Southwestern Virginia Technology Council is located in Norton, VA. The organization was established in 2006. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Virginia Technology Council 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 12/2018, Southwestern Virginia Technology Council generated $14.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (28.9%) each year. All expenses for the organization totaled $22.8k during the year ending 12/2018. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2018
Describe the Organization's Program Activity:
Part 3
HELD ANNUAL AWARDS BANQUET WHERE COMPANIES, ORGANIZATIONS AND INDIVIDUALS ARE RECOGNIZED IN MARKETING ACHIEVEMENTS IN TECHNOLOGY IN EDUCATION, ECONOMIC, DEVELOPMENT, ETC. AT THESE EVENTS THERE IS NETWORKING AMONG BUSINESS AND PUBLIC/PRIVATE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Rowlett President Elect | 3 | $0 | |
Sam Wolford Director | 2 | $0 | |
Dan Minahan Treasurer | 2 | $0 | |
Shannon Blevins Director | 2 | $0 | |
Nelson Teed Director | 2 | $0 | |
Paul Bolling Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,950 |
| Total Program Service Revenue | $10,724 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $14,674 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $17,600 |
| Occupancy, rent, utilities, and maintenance | $2,112 |
| Printing, publications, postage, and shipping | $90 |
| Other expenses | $2,965 |
| Total expenses | $22,767 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,625 |
| Other assets | $0 |
| Total assets | $7,625 |
| Total liabilities | $0 |
| Net assets or fund balances | $7,625 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norfolk State University Research And Innovation Foundation Norfolk, VA | $25,278,732 | $5,808,933 |
Small Business Majority Foundation Inc Washington, DC | $4,020,911 | $5,051,591 |
Black Girl Ventures Foundation Fort Belvoir, VA | $2,941,094 | $3,288,394 |
Brightbridge Inc Chattanooga, TN | $120,622,501 | $3,473,186 |
Prince Georges Financial Services Corporation Largo, MD | $6,191,541 | $2,663,412 |
National Small Business United Washington, DC | $916,029 | $2,645,028 |
Capital Region Minority Supplier Development Council Inc Silver Spring, MD | $1,993,070 | $2,779,986 |
National Institute Of Minority Economic Development Durham, NC | $8,985,701 | $1,722,745 |
Winston Starts Winstonsalem, NC | $2,039,563 | $1,547,404 |
Wilmington Business Development Wilmington, NC | $1,640,676 | $1,342,071 |
Harbor Bank Of Maryland Community Development Corporation Baltimore, MD | $1,613,507 | $752,542 |
Emerging Technology Centers Inc Baltimore, MD | $553,000 | $1,006,591 |