Nonprofit · EIN 54-1900292
CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL
Tax-exempt · CHARLOTTESVLE, VA 22902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-EZ | $131,002 | $186,853 | -$55,851 | $48,246 | $1,073 | $47,173 |
| June 30, 2024 | 990 | $274,073 | $272,614 | $1,459 | $129,730 | $26,706 | $103,024 |
| June 30, 2023 | 990-EZ | $193,710 | $201,119 | -$7,409 | $126,043 | $24,478 | $101,565 |
| June 30, 2022 | 990-EZ | $198,463 | $201,416 | -$2,953 | $142,287 | $33,313 | $108,974 |
Financial details: 990-EZ for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $30,309
- Membership dues
- $7,125
- Program service revenue
- $93,523
- Other revenue
- $45
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $98,571
- Professional fees and payments to contractors
- $14,235
- Occupancy
- $2,100
- Other expenses
- $71,947
Balance sheet and other
- Total assets, start of year
- $129,730
- Total assets, end of year
- $48,246
- Total liabilities, end of year
- $1,073
- Net assets, end of year
- $47,173
- Cash, savings and investments
- $29,711
- Gross receipts
- $131,002
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-EZ for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHERRY GRAY | CHAIRWOMAN AND TREASURER | 5 | $0 |
| ADRIAN FELTS | VICE CHAIRMAN | 2 | $0 |
| HOPE MCCUTCHEON | SECRETARY | 5 | $0 |
| CRAIG HONICK | CHAIR EMERITUS | 2 | $0 |
| JOHN MARTIN | DIRECTOR | 2 | $0 |
| ANDREW STOCKMENT | DIRECTOR | 2 | $0 |
| JOHN GRIFFITH | DIRECTOR | 2 | $0 |
| KATINA DUDLEY | DIRECTOR | 2 | $0 |
| CLAUDIA VEYSEL | DIRECTOR | 2 | $0 |
| KEITH GROOMES | DIRECTOR | 2 | $0 |
| LISA WINN | DIRECTOR | 2 | $0 |
| SANDRA MCCUTCHEON | DIRECTOR | 2 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TRACEY GREENE | EXECUTIVE DIRECTOR Officer | 40 | $76,667 |
| JUSTIN RITTER | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| SHERRY GRAY | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
| HOPE MCCUTCHEON | SECRETARY Trustee or director, Officer | 0 | $0 |
| DAVID DEATON | DIRECTOR Trustee or director | 0 | $0 |
| ANDREW STOCKMENT | DIRECTOR Trustee or director | 0 | $0 |
| ADRIAN FELTS | DIRECTOR Trustee or director | 0 | $0 |
| CRAIG HONICK | DIRECTOR Trustee or director | 0 | $0 |
| CONAWAY HASKINS | DIRECTOR Trustee or director | 0 | $0 |
| KATINA DUDLEY | DIRECTOR Trustee or director | 0 | $0 |
990-EZ for the year ended June 30, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JUSTIN RITTER | CHAIRMAN | 5 | $0 |
| HOPE MCCUTCHEON | SECRETARY | 5 | $0 |
| MATT DEAN | TREASURER | 2 | $0 |
| ANDREW STOCKMENT | DIRECTOR | 2 | $0 |
| JOHN MARTIN | DIRECTOR | 2 | $0 |
| CRAIG HONICK | DIRECTOR | 2 | $0 |
| ADRIAN FELTS | DIRECTOR | 2 | $0 |
| SHERRY GRAY | DIRECTOR | 2 | $0 |
| CONAWAY HASKINS | DIRECTOR | 2 | $0 |
| MICHAEL WARREN | DIRECTOR | 2 | $0 |
| STEPHANIE PASSMAN | DIRECTOR | 2 | $0 |
| DAVID DEATON | DIRECTOR | 2 | $0 |
990-EZ for the year ended June 30, 2022: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CRAIG HONICK | CHAIRMAN | 5 | $0 |
| JUSTIN RITTER | VICE-CHAIRMAN & SECRETARY | 5 | $0 |
| MATT DEAN | TREASURER | 2 | $0 |
| JOHN MARTIN | DIRECTOR | 2 | $0 |
| ADRIAN FELTS | DIRECTOR | 2 | $0 |
| HOPE MCCUTCHEON | DIRECTOR | 2 | $0 |
| SHERRY GRAY | DIRECTOR | 2 | $0 |
| CONAWAY HASKINS | DIRECTOR | 2 | $0 |
| MICHAEL WARREN | DIRECTOR | 2 | $0 |
| MJ TOMS | DIRECTOR | 2 | $0 |
| INDIA BRAHM | DIRECTOR | 2 | $0 |
| SHAYNA DIAMOND | DIRECTOR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 303, CHARLOTTESVLE, VA 22902-0303
- In care of
- % J WALTER LEVERING
- Signed the 990-EZ
- MATTHEW J DEAN, CHAIRWOMAN AND TREASURER
- Phone
- (434) 242-5886
- Website
- WWW.CVILLEINNOVATION.ORG
- Return prepared by
- HANTZMON WIEBEL LLP
Mission
THE CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL'S (CBIC) MISSION IS TO EDUCATE, CELEBRATE, AND ADVOCATE FOR CHARLOTTESVILLE, VIRGINIA'S TECHNOLOGY COMMUNITY AND TO ACCELERATE TECHNOLOGY INNOVATION AND ENTREPRENEURSHIP IN THE REGION.
Program accomplishments
- THE HUB CVA - CBIC OPERATES THE HUB CVA WEBSITE (HTTPS://THEHUBCVA.ORG/). THE HUB WAS BUILT ON THE VISION OF THE CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL THAT THERE IS A BETTER WAY TO GET INFORMATION AND MAKE CONNECTIONS. BUSINESS CREATION AND GROWTH INVOLVE MANY TRANSACTIONS, BUT THE CURRENCY OF THOSE TRANSACTIONS IS ALWAYS INFORMATION AND CONNECTIONS. THE HUB EXISTS TO FACILITATE CONNECTIONS AND THE FREE FLOW OF INFORMATION.THE HUB IS A REGIONAL CONNECTOR PLATFORM FOR ENTREPRENEURS AND HIGH-GROWTH BUSINESSES IN CENTRAL VIRGINIA'S REGION 9, WHICH INCLUDES THE CITY OF CHARLOTTESVILLE, AND THE COUNTIES OF ALBEMARLE, CULPEPER, FAUQUIER, FLUVANNA, GREENE, LOUISA, MADISON, NELSON, ORANGE, AND RAPPAHANNOCK.THE MISSION OF THE HUB IS TO LOWER THE BARRIERS OF WALLED SITES AND BUSINESSES, AND HELP ITS USERS FIND THE PEOPLE AND THINGS THAT MATTER THE MOST TO THEM. FROM MARGINALIZED COMMUNITIES THAT HAVE TRADITIONALLY BEEN ON THE OUTSIDE OF MAINSTREAM ACCESS TO THOSE ALREADY PARTICIPATING IN THE WEALTH OF RESOURCES AND CONNECTIONS THROUGHOUT CENTRAL VIRGINIA, THE HUB SEEKS TO LOWER BARRIERS AND INCREASE CONNECTIONS FOR EVERYONE.
- EDUCATIONAL PROGRAMS AND NETWORKING EVENTS - CBIC ORGANIZES AND HOSTS A SERIES OF PANEL DISCUSSIONS COVERING TOPICS OF INTEREST TO MEMBERS OF THE HIGH-TECH AND ENTREPRENEURIAL COMMUNITIES. LIKEWISE, EITHER ALONE OR WITH PARTNER ORGANIZATIONS, CBIC ORGANIZES EVENTS WHERE ENTREPRENEURS AND PEOPLE IN HIGH-TECH INDUSTRIES CAN MEET, DISCUSS AREAS OF COMMON INTEREST, AND FORM PROFESSIONAL RELATIONSHIPS.
- CBIC AWARDS GALA - AN ANNUAL EVENT THAT GATHERS NEARLY 400 BUSINESS LEADERS, ENTREPRENEURS, GOVERNMENT OFFICIALS, AND ACADEMICS TO HONOR INDIVIDUALS AND ORGANIZATIONS FOR THEIR NOTEWORTHY CONTRIBUTIONS TO THE MARKETPLACE THROUGH THEIR HIGH-TECH INNOVATION AND LEADERSHIP. CBIC AWARD RECIPIENTS ENJOY INCREASED EXPOSURE AND VISIBILITY IN THE MEDIA, BUSINESS COMMUNITY, AND FROM POTENTIAL PARTNERS.
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-EZ on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1900292
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $48,246
- Income (IRS master file)
- $131,002
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | June 2025 | $131,002 | $186,853 | $48,246 | IRS |
| 990 | June 2024 | $274,073 | $272,614 | $129,730 | XML |
| 990-EZ | June 2023 | $193,710 | $201,119 | $126,043 | XML |
| 990-EZ | June 2022 | $198,463 | $201,416 | $142,287 | XML |
| 990-EZ | June 2021 | – | – | – | IRS |
| 990-EZ | June 2020 | – | – | – | IRS |
| 990-EZ | June 2019 | – | – | – | IRS |
| 990-EZ | June 2018 | – | – | – | 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 54-1900292).
Questions about CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL
- What is the EIN of CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL?
- The employer identification number (EIN) of CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL is 54-1900292.
- Is CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2010.
- Are donations to CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL 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 CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL 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 CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended June 2025.
- Who are the officers and directors of CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL?
- The 990-EZ for the year ended June 30, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does CHARLOTTESVILLE BUSINESS INNOVATION COUNCIL have?
- On its 990-EZ for the year ended June 30, 2025 it reported revenue of $131,002, expenses of $186,853 and total assets of $48,246 at year end.
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All nonprofits in CHARLOTTESVLE · Virginia · Community improvement and capacity building