Nonprofit · EIN 54-1545804
VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE
Also known as ONWARD NEW RIVER VALLEY MONTGOMERY
Tax-exempt · BLACKSBURG, VA 24060
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $575,148 | $595,760 | -$20,612 | $406,351 | $1,418 | $404,933 |
| June 30, 2024 | 990 | $564,198 | $560,676 | $3,522 | $433,270 | $6,502 | $426,768 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $540,940
- of which government grants
- $210,024
- Program service revenue
- $25,400
- Investment income
- $8,808
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $118,051
- Other salaries and wages
- $155,161
- Salaries, compensation and benefits (total)
- $352,080
- Professional fundraising fees
- $0
- Accounting fees
- $15,306
- Occupancy
- $28,017
- Travel
- $1,254
- Depreciation
- $17,024
- Program services (functional)
- $431,494
- Management and general (functional)
- $154,156
- Fundraising (functional)
- $10,110
Balance sheet and other
- Total assets, start of year
- $433,270
- Total assets, end of year
- $406,351
- Total liabilities, end of year
- $1,418
- Net assets, end of year
- $404,933
- Land, buildings and equipment
- $27,393
- Net assets without donor restrictions
- $404,933
- Gross receipts
- $575,148
- Employees
- 5
- Volunteers
- 30
- Year formed
- 1990
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN BOSWELL | EXECUTIVE DI Officer | 40 | $100,819 |
| BRIAN ALEXANDER | DIRECTOR Trustee or director | 1 | $0 |
| HANSEN BALL | DIRECTOR Trustee or director | 1 | $0 |
| MINDY BOYD | DIRECTOR Trustee or director | 1 | $0 |
| APRIL DEMOTTS | TREASURER Trustee or director, Officer | 2 | $0 |
| LAUREN DUDLEY | VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| SARA EATON-MCDANIEL | DIRECTOR Trustee or director | 1 | $0 |
| JON FITZWATER | DIRECTOR Trustee or director | 1 | $0 |
| RODNEY FULTZ | DIRECTOR Trustee or director | 1 | $0 |
| JOHN GARDNER | DIRECTOR Trustee or director | 1 | $0 |
| CORA GNEGY | SECRETARY Trustee or director, Officer | 2 | $0 |
| BRIAN HAMILTON | DIRECTOR Trustee or director | 1 | $0 |
| MATT HANRATTY | DIRECTOR Trustee or director | 1 | $0 |
| VINCE HATCHER | DIRECTOR Trustee or director | 1 | $0 |
| NATHAN HOCKERSMITH | DIRECTOR Trustee or director | 1 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTY HOLLIDAY | DIRECTOR Trustee or director | 1 | $0 |
| ANGELA JOYNER | DIRECTOR Trustee or director | 1 | $0 |
| ADAM KEFFER | DIRECTOR Trustee or director | 1 | $0 |
| CARIE KINGERY | DIRECTOR Trustee or director | 1 | $0 |
| KEVIN MEREDITH | DIRECTOR Trustee or director | 1 | $0 |
| LINDA MILLSAPS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN PROVO | DIRECTOR Trustee or director | 1 | $0 |
| KIM REPASS | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT ROSS | DIRECTOR Trustee or director | 1 | $0 |
| MARK ROWH | DIRECTOR Trustee or director | 1 | $0 |
| MIKE VELLINES | DIRECTOR Trustee or director | 1 | $0 |
| LAURA WALTERS | DIRECTOR Trustee or director | 1 | $0 |
| LEE WHEELER | DIRECTOR Trustee or director | 1 | $0 |
| ABRAM WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| RANDY WINGFIELD | DIRECTOR Trustee or director | 1 | $0 |
| MARK WOOLWINE | CHAIR Trustee or director, Officer | 2 | $0 |
990 for the year ended June 30, 2024: 32 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHLEEN BOSWELL | EXECUTIVE DI Officer | 40 | $96,075 |
| BRIAN ALEXANDER | DIRECTOR Trustee or director | 1 | $0 |
| DAVID BENNETT | DIRECTOR Trustee or director | 1 | $0 |
| KEITH BOYD | DIRECTOR Trustee or director | 1 | $0 |
| MINDY BOYD | DIRECTOR Trustee or director | 1 | $0 |
| APRIL DEMOTTS | TREASURER Trustee or director, Officer | 2 | $0 |
| LAUREN DUDLEY | VICE-CHAIR Trustee or director, Officer | 2 | $0 |
| SARA EATON-MCDANIEL | DIRECTOR Trustee or director | 1 | $0 |
| RODNEY FULTZ | DIRECTOR Trustee or director | 1 | $0 |
| JOHN GARDNER | DIRECTOR Trustee or director | 1 | $0 |
| CORA GNEGY | SECRETARY Trustee or director, Officer | 2 | $0 |
| BRIAN HAMILTON | DIRECTOR Trustee or director | 1 | $0 |
| MATT HANRATTY | DIRECTOR Trustee or director | 1 | $0 |
| VINCE HATCHER | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN HICKS | DIRECTOR Trustee or director | 1 | $0 |
| NATHAN HOCKERSMITH | DIRECTOR Trustee or director | 1 | $0 |
| MARTY HOLLIDAY | DIRECTOR Trustee or director | 1 | $0 |
| ANGELA JOYNER | DIRECTOR Trustee or director | 1 | $0 |
| CARIE KINGERY | DIRECTOR Trustee or director | 1 | $0 |
| LINDA MILLSAPS | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW OWENS | DIRECTOR Trustee or director | 1 | $0 |
| GRAYSON PATTERSON | DIRECTOR Trustee or director | 1 | $0 |
| JOHN PROVO | DIRECTOR Trustee or director | 1 | $0 |
| KIM REPASS | DIRECTOR Trustee or director | 1 | $0 |
| SCOTT ROSS | DIRECTOR Trustee or director | 1 | $0 |
| MARK ROWH | DIRECTOR Trustee or director | 1 | $0 |
| LAURA WALTERS | DIRECTOR Trustee or director | 1 | $0 |
| LEE WHEELER | DIRECTOR Trustee or director | 1 | $0 |
| WAYNE WHITLOCK | DIRECTOR Trustee or director | 1 | $0 |
| ABRAM WILLIAMS | DIRECTOR Trustee or director | 1 | $0 |
| RANDY WINGFIELD | DIRECTOR Trustee or director | 1 | $0 |
| MARK WOOLWINE | CHAIR Trustee or director, Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 2020 KRAFT DR, BLACKSBURG, VA 24060-6354
- Principal officer (990 for 2024)
- KATHLEEN BOSWELL, 2020 KRAFT DRIVE SUITE 2000, BLACKSBURG, VA 24060
- Signed the 990
- KATHLEEN BOSWELL, EXECUTIVE DIRECTOR
- Phone
- (540) 267-0007
- Website
- WWW.ONWARDNRV.ORG
- Return prepared by
- COOKE LAVENDER MASSEY & COMPANY PC
Mission
TO ATTRACT AND RETAIN WORLD-CLASS JOBS, INVESTMENT AND TALENT IN THE NEW RIVER VALLEY BY MARKETING THE REGION AS A PREMIER DESTINATION TO LIVE, WORK AND DO BUSINESS AND BY BUILDING COLLABORATIVE PARTNERSHIPS THAT PROMOTE ECONOMIC VITALITY IN THE REGION.
Program accomplishments
- DEVELOPMENT OF THE LOCAL ECONOMY THROUGH MARKETING AND REGIONAL OUTREACH STRATEGIES.Expenses $324,835 · revenue $20,400
- DEVELOPMENT OF THE LOCAL ECONOMY THROUGH INVESTOR RELATION PROGRAMS AND EVENTS.Expenses $82,368
- DEVELOPMENT OF THE LOCAL ECONOMY THROUGH THE VIRGINIA TRADEPORT PROGRAM.Expenses $24,291 · revenue $5,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1545804
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1990
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $406,351
- Income (IRS master file)
- $575,148
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $575,148 | $595,760 | $406,351 | IRS |
| 990 | June 2024 | $564,198 | $560,676 | $433,270 | XML |
| 990 | June 2023 | $549,735 | $650,615 | $442,228 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1545804).
Questions about VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE
- What is the EIN of VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE?
- The employer identification number (EIN) of VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE is 54-1545804.
- Is VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1990.
- Are donations to VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE?
- The 990 for the year ended June 30, 2025 names KATHLEEN BOSWELL.
- Who are the officers and directors of VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE?
- The 990 for the year ended June 30, 2025 lists 31 people; 1 received compensation from the organization, the highest $100,819 (KATHLEEN BOSWELL, EXECUTIVE DI).
- How much revenue does VIRGINIAS NEW RIVER VALLEY ECONOMIC DEVELOPMENT ALLIANCE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $575,148, expenses of $595,760 and total assets of $406,351 at year end.
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