Nonprofit · EIN 54-1944252
DAN RIVER BUSINESS DEVELOPMENT CENTER
Tax-exempt · DANVILLE, VA 24540
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $286,819 | $296,851 | -$10,032 | $511,378 | $9,420 | $501,958 |
| June 30, 2024 | 990 | $296,984 | $278,898 | $18,086 | $521,240 | $9,250 | $511,990 |
| June 30, 2023 | 990 | $598,663 | $579,670 | $18,993 | $503,000 | $9,096 | $493,904 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $50,000
- of which government grants
- $50,000
- Program service revenue
- $235,675
- Investment income
- $700
- Other revenue
- $444
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $138,801
- Professional fundraising fees
- $0
- Accounting fees
- $6,715
- Depreciation
- $25,266
- Program services (functional)
- $178,184
- Management and general (functional)
- $118,667
Balance sheet and other
- Total assets, start of year
- $521,240
- Total assets, end of year
- $511,378
- Total liabilities, end of year
- $9,420
- Net assets, end of year
- $501,958
- Land, buildings and equipment
- $188,817
- Net assets without donor restrictions
- $501,958
- Gross receipts
- $286,819
- Employees
- 3
- Volunteers
- 0
- Year formed
- 1998
- 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 |
|---|---|---|---|
| ALBERT K RAWLEY | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| TELLY TUCKER | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
| OTIS HAWKER | TREASURER Trustee or director, Officer | 0 | $0 |
| CORRIE TEAGUE BOBE | SECRETARY Trustee or director, Officer | 0 | $0 |
| TIM CHESHER | DIRECTOR Trustee or director | 0 | $0 |
| BRYANT HOOD | DIRECTOR Trustee or director | 0 | $0 |
| KEN LARKING | DIRECTOR Trustee or director | 0 | $0 |
| MATTHEW D ROWE | DIRECTOR Trustee or director | 0 | $0 |
| EDDIE HITE | DIRECTOR Trustee or director | 0 | $0 |
| VINCENT SHORTER | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALBERT K RAWLEY | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| STUART TURILLE JR | DIRECTOR Trustee or director | 0 | $0 |
| OTIS HAWKER | TREASURER Trustee or director, Officer | 0 | $0 |
| CORRIE TEAGUE BOBE | SECRETARY Trustee or director, Officer | 0 | $0 |
| TIM CHESHER | DIRECTOR Trustee or director | 0 | $0 |
| BRYANT HOOD | DIRECTOR Trustee or director | 0 | $0 |
| KEN LARKING | DIRECTOR Trustee or director | 0 | $0 |
| MATTHEW D ROWE | DIRECTOR Trustee or director | 0 | $0 |
| EDDIE HITE | DIRECTOR Trustee or director | 0 | $0 |
| TELLY TUCKER | DIRECTOR Trustee or director | 0 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALBERT K RAWLEY | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| JEFFREY BOND | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
| OTIS HAWKER | TREASURER Trustee or director, Officer | 0 | $0 |
| CORRIE TEAGUE BOBE | SECRETARY Trustee or director, Officer | 0 | $0 |
| TIM CHESHER | DIRECTOR Trustee or director | 0 | $0 |
| BRYANT HOOD | DIRECTOR Trustee or director | 0 | $0 |
| KEN LARKING | DIRECTOR Trustee or director | 0 | $0 |
| MATTHEW D ROWE | DIRECTOR Trustee or director | 0 | $0 |
| VADEN HUNT | DIRECTOR Trustee or director | 0 | $0 |
| TELLY TUCKER | DIRECTOR Trustee or director | 0 | $0 |
| DONNIE STEVENS | NON-VOTING DIRECTOR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 RINGGOLD INDUSTRIAL PARKWA, DANVILLE, VA 24540-0000
- Principal officer (990 for 2024)
- ALBERT K RAWLEY, 300 RINGGOLD INDUSTRIAL PARKWAY, DANVILLE, VA 24540
- Signed the 990
- ALBERT K RAWLEY, CHAIRMAN
- Phone
- (434) 793-9100
- Website
- WWW.DRDBC.COM
- Return prepared by
- HARRIS HARVEY NEAL & COLLPCPA'S
Mission
TO PROVIDE EDUCATIONAL OPPORTUNITIES TO ENTREPENEURS AND TO ATTRACT, ASSIST AND ENCOURAGE EMERGING SERVICE, TECHNOLOGY AND LIGHT MANUFACTURING BUSINESSES.
Program accomplishments
- PROVIDES EDUCATIONAL OPPORTUNITIES TO ENTREPENEURS AND ATTRACTS, ASSISTS AND ENCOURAGES EMERGING SERVICES, TECHNOLOGY AND LIGHT MANUFACTURING BUSINESSES TO SUCCEED IN THE LOCAL COMMUNITY.Expenses $178,184 · revenue $236,819
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
- 54-1944252
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $511,378
- Income (IRS master file)
- $286,819
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $286,819 | $296,851 | $511,378 | XML |
| 990 | June 2024 | $296,984 | $278,898 | $521,240 | XML |
| 990 | June 2023 | $598,663 | $579,670 | $503,000 | XML |
| 990 | June 2022 | $543,834 | $528,728 | $481,778 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | 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 54-1944252).
Questions about DAN RIVER BUSINESS DEVELOPMENT CENTER
- What is the EIN of DAN RIVER BUSINESS DEVELOPMENT CENTER?
- The employer identification number (EIN) of DAN RIVER BUSINESS DEVELOPMENT CENTER is 54-1944252.
- Is DAN RIVER BUSINESS DEVELOPMENT CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to DAN RIVER BUSINESS DEVELOPMENT CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DAN RIVER BUSINESS DEVELOPMENT CENTER 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 DAN RIVER BUSINESS DEVELOPMENT CENTER 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 DAN RIVER BUSINESS DEVELOPMENT CENTER 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 DAN RIVER BUSINESS DEVELOPMENT CENTER?
- The 990 for the year ended June 30, 2025 names ALBERT K RAWLEY.
- Who are the officers and directors of DAN RIVER BUSINESS DEVELOPMENT CENTER?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does DAN RIVER BUSINESS DEVELOPMENT CENTER have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $286,819, expenses of $296,851 and total assets of $511,378 at year end.
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