Nonprofit · EIN 54-1965102
VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR
Tax-exempt · ABINGDON, VA 24210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $439,612 | $531,431 | -$91,819 | $2,836,487 | $23,951 | $2,812,536 |
| June 30, 2024 | 990 | $444,419 | $498,016 | -$53,597 | $2,976,738 | $72,386 | $2,904,352 |
| June 30, 2023 | 990 | $430,604 | $491,533 | -$60,929 | $3,046,395 | $88,447 | $2,957,948 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $150,000
- of which government grants
- $150,000
- Program service revenue
- $274,737
- Investment income
- $14,875
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $215,849
- Salaries, compensation and benefits (total)
- $234,163
- Professional fundraising fees
- $0
- Accounting fees
- $7,418
- Occupancy
- $120,754
- Depreciation
- $117,023
- Program services (functional)
- $266,314
- Management and general (functional)
- $265,117
Balance sheet and other
- Total assets, start of year
- $2,976,738
- Total assets, end of year
- $2,836,487
- Total liabilities, end of year
- $23,951
- Net assets, end of year
- $2,812,536
- Land, buildings and equipment
- $2,219,311
- Net assets without donor restrictions
- $2,812,536
- Gross receipts
- $439,612
- Employees
- 3
- Year formed
- 1999
- 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 |
|---|---|---|---|
| PAM ATWELL | DIRECTOR Trustee or director | – | $0 |
| JOHN BRICKEY | PRESIDENT Trustee or director, Officer | – | $0 |
| MARK GRAHAM | SECRETARY Trustee or director, Officer | – | $0 |
| BENJAMIN M HARRELL | TREASURER Trustee or director, Officer | – | $0 |
| BOB HOWARD | DIRECTOR Trustee or director | – | $0 |
| CATHERINE MANTOOTH | DIRECTOR Trustee or director | – | $0 |
| KENT PETERSON | DIRECTOR Trustee or director | – | $0 |
| JACK PHELPS | VICE-PRESIDE Trustee or director, Officer | – | $0 |
| MICHAEL SPIEGLER | DIRECTOR Trustee or director | – | $0 |
| SCOTT WILSON | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN BRICKEY | DIRECTOR Trustee or director | – | $0 |
| MARK GRAHAM | VICE PRESIDE Trustee or director, Officer | – | $0 |
| BENJAMIN M HARRELL | TREASURER Trustee or director, Officer | – | $0 |
| KYLE MACIONE | DIRECTOR Trustee or director | – | $0 |
| KENT PETERSON | DIRECTOR Trustee or director | – | $0 |
| JACK PHELPS | PRESIDENT Trustee or director, Officer | – | $0 |
| SYLVIA ROBBINS | DIRECTOR Trustee or director | – | $0 |
| MICHAEL SPIEGLER | DIRECTOR Trustee or director | – | $0 |
| PAMELA STONE | DIRECTOR Trustee or director | – | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN BRICKEY | DIRECTOR Trustee or director | – | $0 |
| MARK GRAHAM | VICE PRESIDE Trustee or director, Officer | – | $0 |
| BENJAMIN M HARRELL | TREASURER Trustee or director, Officer | – | $0 |
| KYLE MACIONE | DIRECTOR Trustee or director | – | $0 |
| KENT PETERSON | DIRECTOR Trustee or director | – | $0 |
| JACK PHELPS | PRESIDENT Trustee or director, Officer | – | $0 |
| SYLVIA ROBBINS | DIRECTOR Trustee or director | – | $0 |
| MICHAEL SPIEGLER | DIRECTOR Trustee or director | – | $0 |
| PAMELA STONE | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 851 FRENCH MOORE JR BLVD, ABINGDON, VA 24210-4724
- In care of
- % CATHERINE LOWE
- Principal officer (990 for 2024)
- BENJAMIN M HARRELL, 469 WINTERHAM DR, ABINGDON, VA 24211
- Signed the 990
- BENJAMIN M HARRELL, TREASURER
- Phone
- (276) 492-2060
- Website
- WWW.VHSBI.COM
- Return prepared by
- PROFFITT & ASSOCIATES
Mission
TO PROVIDE SMALL BUSINESS OFFICE SPACE AND RELATED OFFICE SERVICES
Program accomplishments
- TO ENHANCE THE REGION'S ECONOMIC DEVELOPMENT EFFORTS, TO SPUR GROWTH OF SMALL BUSINESS AND INDUSTRY AND TO IMPROVE THE LIVES OF PEOPLE IN ABINGDON AND WASHINGTON COUNTY, VIRGINIA BY OFFERING AN INNOVATIVE ECONOMIC DEVELOPMENT ENGINE THAT WILL BE DEVOTED TO CREATING JOBS.Expenses $266,314
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
- 54-1965102
- 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
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,836,487
- Income (IRS master file)
- $439,612
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $439,612 | $531,431 | $2,836,487 | XML |
| 990 | June 2024 | $444,419 | $498,016 | $2,976,738 | XML |
| 990 | June 2023 | $430,604 | $491,533 | $3,046,395 | XML |
| 990 | June 2022 | $381,610 | $432,760 | $3,095,800 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 54-1965102).
Questions about VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR
- What is the EIN of VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR?
- The employer identification number (EIN) of VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR is 54-1965102.
- Is VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR 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 VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR 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 VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR 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 VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR?
- The 990 for the year ended June 30, 2025 names BENJAMIN M HARRELL.
- Who are the officers and directors of VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR?
- The 990 for the year ended June 30, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $439,612, expenses of $531,431 and total assets of $2,836,487 at year end.
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All nonprofits in ABINGDON · Virginia · Community improvement and capacity building