Nonprofit · EIN 54-6041891
DANVILLE AREA DEVELOPMENT FOUNDATION INC
Tax-exempt · DANVILLE, VA 24541
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2026 | 990 | $32,151 | $70,469 | -$38,318 | $789,400 | $0 | $789,400 |
| February 28, 2025 | 990 | $41,877 | $10,718 | $31,159 | $827,718 | $0 | $827,718 |
| February 29, 2024 | 990 | $14,271 | $3,575 | $10,696 | $796,559 | $0 | $796,559 |
Financial details: 990 for the year ended February 28, 2026
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $32,151
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $500
- Management and general (functional)
- $70,469
Balance sheet and other
- Total assets, start of year
- $827,718
- Total assets, end of year
- $789,400
- Total liabilities, end of year
- $0
- Net assets, end of year
- $789,400
- Publicly traded securities
- $773,415
- Net assets without donor restrictions
- $789,400
- Gross unrelated business income
- $32,151
- Gross receipts
- $574,533
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1960
- 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 February 28, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES MAJORS | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| BEN J DAVENPORT JR | DIRECTOR Trustee or director | 1 | $0 |
| MARK HOLLAND | PRESIDENT Trustee or director, Officer | 1 | $0 |
| AMANDA WITT-COX | DIRECTOR Trustee or director | 1 | $0 |
| CORRIE BOBE | DIRECTOR Trustee or director | 1 | $0 |
| RICK BARKER | DIRECTOR Trustee or director | 1 | $0 |
| HAMPTON WILKINS | DIRECTOR Trustee or director | 1 | $0 |
| TIM CLARK | DIRECTOR Trustee or director | 1 | $0 |
| DAN M PLEASANT | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| JEFF HALEY | DIRECTOR Trustee or director | 1 | $0 |
| CONNIE NYHOLM | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH LEGGETT | DIRECTOR Trustee or director | 1 | $0 |
| TELLY TUCKER | DIRECTOR Trustee or director | 1 | $0 |
| JIM MAXWELL | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN H COMPTON | SECRETARY/TREASURER Officer | 1 | $0 |
990 for the year ended February 28, 2025: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES H MAJORS | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| BEN J DAVENPORT JR | DIRECTOR Trustee or director | 1 | $0 |
| DR TIFFANY FRANKS | DIRECTOR Trustee or director | 1 | $0 |
| MARK HOLLAND | PRESIDENT Trustee or director, Officer | 1 | $0 |
| AMANDA WITT-COX | DIRECTOR Trustee or director | 1 | $0 |
| HARRY G LEA | DIRECTOR Trustee or director | 1 | $0 |
| CORRIE BOBE | DIRECTOR Trustee or director | 1 | $0 |
| RICK BARKER | DIRECTOR Trustee or director | 1 | $0 |
| HAMPTON WILKINS | DIRECTOR Trustee or director | 1 | $0 |
| TIM CLARK | DIRECTOR Trustee or director | 1 | $0 |
| DAN M PLEASANT | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| DR B CARLYLE RAMSEY | DIRECTOR Trustee or director | 1 | $0 |
| JEFF HALEY | DIRECTOR Trustee or director | 1 | $0 |
| CONNIE NYHOLM | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH LEGGETT | DIRECTOR Trustee or director | 1 | $0 |
| TELLY TUCKER | DIRECTOR Trustee or director | 1 | $0 |
| JERRY WALLACE | DIRECTOR Trustee or director | 1 | $0 |
| JIM MAXWELL | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN H COMPTON | SECRETARY/TREASURER Officer | 1 | $0 |
990 for the year ended February 29, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES H MAJORS | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| BEN J DAVENPORT JR | DIRECTOR Trustee or director | 1 | $0 |
| DR TIFFANY FRANKS | DIRECTOR Trustee or director | 1 | $0 |
| MARK HOLLAND | PRESIDENT Trustee or director, Officer | 1 | $0 |
| AMANDA WITT-COX | DIRECTOR Trustee or director | 1 | $0 |
| HARRY G LEA | DIRECTOR Trustee or director | 1 | $0 |
| CORRIE BOBE | DIRECTOR Trustee or director | 1 | $0 |
| RICK BARKER | DIRECTOR Trustee or director | 1 | $0 |
| HAMPTON WILKINS | DIRECTOR Trustee or director | 1 | $0 |
| TIM CLARK | DIRECTOR Trustee or director | 1 | $0 |
| DAN M PLEASANT | VICE-PRESIDENT Trustee or director | 1 | $0 |
| DR B CARLYLE RAMSEY | DIRECTOR Trustee or director | 1 | $0 |
| JEFF HALEY | DIRECTOR Trustee or director | 1 | $0 |
| CONNIE NYHOLM | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH LEGGETT | DIRECTOR Trustee or director | 1 | $0 |
| TELLY TUCKER | DIRECTOR Trustee or director | 1 | $0 |
| JERRY WALLACE | DIRECTOR Trustee or director | 1 | $0 |
| JIM MAXWELL | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN H COMPTON | SECRETARY/TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 628 MAIN ST, DANVILLE, VA 24541-1320
- Principal officer (990 for 2025)
- CHARLES H MAJORS, 528 MAIN STREET, DANVILLE, VA 24541
- Signed the 990
- CHARLES H MAJORS, VICE-PRESIDENT
- Phone
- (434) 793-1753
- Return prepared by
- WILKINSON CONSULTING & CPA PLC
Mission
PROMOTE INDUSTRIAL AND COMMERCIAL DEVELOPMENT OF THE CITY OF DANVILLE AND SURROUNDING COUNTIES.
Program accomplishments
- THE FOUNDATION WAS FORMED TO ASSIST & PROMOTE THE INDUSTRIAL & COMMERCIAL DEVELOPMENT OF THE CITY OF DANVILLE & THE IMMEDIATE SURROUNDING COUNTY AREA.Expenses $65,000
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 February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | 990 on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 54-6041891
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $789,400
- Income (IRS master file)
- $574,533
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2026 | $32,151 | $70,469 | $789,400 | XML |
| 990 | February 2025 | $41,877 | $10,718 | $827,718 | XML |
| 990 | February 2024 | $14,271 | $3,575 | $796,559 | XML |
| 990 | February 2023 | $1,723 | $15,626 | $785,863 | IRS |
| 990 | February 2022 | – | – | – | IRS |
| 990 | February 2021 | – | – | – | 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 54-6041891).
Questions about DANVILLE AREA DEVELOPMENT FOUNDATION INC
- What is the EIN of DANVILLE AREA DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of DANVILLE AREA DEVELOPMENT FOUNDATION INC is 54-6041891.
- Is DANVILLE AREA DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1960.
- Are donations to DANVILLE AREA DEVELOPMENT FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DANVILLE AREA DEVELOPMENT FOUNDATION INC 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 DANVILLE AREA DEVELOPMENT FOUNDATION INC due?
- The return for tax year 2026 (the year ending February 28, 2027) is due July 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DANVILLE AREA DEVELOPMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2026.
- Who is the principal officer of DANVILLE AREA DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended February 28, 2026 names CHARLES H MAJORS.
- Who are the officers and directors of DANVILLE AREA DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended February 28, 2026 lists 15 people; 0 received compensation from the organization.
- How much revenue does DANVILLE AREA DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended February 28, 2026 it reported revenue of $32,151, expenses of $70,469 and total assets of $789,400 at year end.
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