Small Business Development Center Of Hampton Roads

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 541534595 ✦ Norfolk, VA ✦ Designated as a 501(c)(6)

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Overview

What is Small Business Development Center Of Hampton Roads?

The Small Business Development Center of Hampton Roads is a nonprofit organization situated in Norfolk, Virginia. With a team of ten dedicated individuals, their primary mission is to encourage and facilitate the growth of small businesses within the Hampton Roads area. By fostering small business success, they aim to contribute positively to the region's economy. Their activities encompass providing guidance and resources, ultimately promoting the prosperity of local businesses.


Official website here: www.hrsbdc.org

Is Small Business Development Center Of Hampton Roads legitimate?

Small Business Development Center Of Hampton Roads is a legitimate nonprofit organization registered as a 501(c)(6) entity. Small Business Development Center Of Hampton Roads submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $103,278
Professional Fundraising Fees: $0
Other Salaries and Wages: $211,236

For more financial information, click here


Official website here: www.hrsbdc.org

What is the mission statement of Small Business Development Center Of Hampton Roads?

The Small Business Development Center of Hampton Roads is dedicated to fostering the success of small businesses and contributing to the economic growth of the region. This is achieved by coordinating and encouraging the development of small businesses within the Hampton Roads area. Their mission is to provide support and resources to these businesses, ultimately contributing to a thriving and economically prosperous region.


Official website here: www.hrsbdc.org

Who is the CEO of Small Business Development Center Of Hampton Roads?

Sylvia Haines is the President of Small Business Development Center Of Hampton Roads.


Official website here: www.hrsbdc.org

What is the revenue of Small Business Development Center Of Hampton Roads?

Small Business Development Center Of Hampton Roads's revenue in 2022 was $463,349.


Official website here: www.hrsbdc.org

Who are the executives of Small Business Development Center Of Hampton Roads and what are their salaries?

The average compensation at Small Business Development Center Of Hampton Roads during 2022 was $31,451. There are 10 employees and 20 volunteers at Small Business Development Center Of Hampton Roads.


Here are 10 key members and their salaries:


Bryan Stephens (President)
  • Compensation: $0
  • Related: $280,400
  • Other: $19,182
Sylvia M Haines (Secretary)
  • Compensation: $0
  • Related: $100,000
  • Other: $14,015
James T Carroll Iii (Center Director)
  • Compensation: $37,962
  • Related: $0
  • Other: $2,840
John Wilson (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Holloran (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jody A Keenan (Ex Officio Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
James W Noel Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Richardson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brent Swanson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jolie Spiers (Center Director)
  • Compensation: $57,244
  • Related: $0
  • Other: $5,233


Official website here: www.hrsbdc.org

Where can I find the form 990 for Small Business Development Center Of Hampton Roads?

Small Business Development Center Of Hampton Roads's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hrsbdc.org

Learn more at the official website: www.hrsbdc.org

Mission Statement of Small Business Development Center Of Hampton Roads

The Small Business Development Center Of Hampton Roads is committed to fostering the success of small businesses in its mission to propel the region's economy forward. This nonprofit organization plays a pivotal role in coordinating and encouraging the development of small businesses within the Hampton Roads area. By doing so, it aims to contribute significantly to the economic growth of the region.

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Impact




October, 2024

The Small Business Development Center of Hampton Roads plays a crucial role in fostering small business success and driving economic growth in the region. By coordinating and encouraging the development of small businesses, the center creates an environment conducive to entrepreneurship. This support translates into increased job creation, enhanced community vitality, and a more robust local economy.

In Norfolk, Virginia, the center’s initiatives help aspiring entrepreneurs navigate the complexities of starting and managing a business. Their resources and expertise equip business owners with the necessary tools to thrive, ultimately leading to sustainable growth and opportunities in the Hampton Roads area. By focusing on small businesses, the center not only bolsters individual enterprises but also contributes to broader community improvement and economic resilience.




This information is meant to be a general summary of Small Business Development Center Of Hampton Roads. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$463,349 (2022)
Expenses
$472,918 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $463,349

Assets and Liabilities:

  • Total Assets: $260,544
  • Total Liabilities: $12,617
  • Net Assets: $247,927

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Organization Details

Founding Year

1990

Principal Officer

Sylvia Haines

Main Address

101 WEST MAIN STREET 800, NORFOLK, VA, 23510

NTEE Category

Code: S43 - Community improvement

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