Overview
What is Business Development Centre Inc?
Business Development Centre Inc, situated in Lynchburg, Virginia, is a small nonprofit organization with a mission to support aspiring entrepreneurs. Over the period in question, they aided 44 companies by offering 286 hours of counseling and education, demonstrating their commitment to nurturing new businesses. Their primary activity involves providing guidance and educational resources to individuals interested in starting their own ventures. With just two dedicated employees, Business Development Centre Inc plays a significant role in empowering local entrepreneurs.
Official website here: www.lbdc.com
Is Business Development Centre Inc legitimate?
Business Development Centre Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Development Centre Inc 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: $68,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,299
For more financial information, click here
Official website here: www.lbdc.com
What is the mission statement of Business Development Centre Inc?
The Business Development Centre Inc is committed to providing counseling and education for individuals who are interested in starting their own businesses. Their mission is to support these aspiring entrepreneurs, offering them guidance and knowledge to help them navigate the process of establishing their own ventures. Over the course of a certain period, the center assisted 44 companies by providing them with 286 hours of counseling and education. This indicates their dedication to helping a significant number of individuals turn their business ideas into reality.
Official website here: www.lbdc.com
Who is the CEO of Business Development Centre Inc?
Byron Steward is the Director of Business Development Centre Inc.
Official website here: www.lbdc.com
What is the revenue of Business Development Centre Inc?
Business Development Centre Inc's revenue in 2023 was $281,408.
Official website here: www.lbdc.com
Who are the executives of Business Development Centre Inc and what are their salaries?
The average compensation at Business Development Centre Inc during 2023 was $50,550. There are 2 employees and 5 volunteers at Business Development Centre Inc.
Here are 11 key members and their salaries:
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Official website here: www.lbdc.com
Where can I find the form 990 for Business Development Centre Inc?
Business Development Centre Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.lbdc.com
Learn more at the official website: www.lbdc.com
Mission Statement of Business Development Centre Inc
Business Development Centre Inc, a renowned organization, is dedicated to providing counseling and education for individuals who harbor a passion for starting their own businesses. Their mission is geared towards empowering these aspiring entrepreneurs, offering them the necessary guidance and resources to bring their business ideas to life. Throughout this period, Business Development Centre Inc has assisted 44 companies by providing them with facilities and offering 286 hours of counseling and education. This commitment to fostering entrepreneurial growth and success is a testament to the organization's mission and its dedication to supporting individuals on their journey to business ownership.
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Impact
October, 2024
Business Development Centre Inc has made a significant impact by facilitating entrepreneurial growth and community improvement in Lynchburg, VA. By providing comprehensive counseling and education, it has empowered 44 companies, equipping them with the essential skills and knowledge needed to succeed in starting their own businesses. Through 286 hours of dedicated support, the center has fostered a culture of entrepreneurship, contributing to local economic development and stability. Its mission to guide aspiring business owners has not only enhanced individual livelihoods but has also strengthened the overall business ecosystem in the region.
This information is meant to be a general summary of Business Development Centre Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $11,102
- Program Service Revenue: $44,826
- Gross Receipts: $281,408
Assets and Liabilities:
- Total Assets: $2,067,714
- Total Liabilities: $1,466,443
- Net Assets: $601,271
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXPENSE REIMBURSMENT
Revenue
$44,826
Organization Details
Founding Year
1991
Phone
(434) 583-6100Principal Officer
Byron Steward
Main Address
147 MILL RIDGE RD, LYNCHBURG, VA, 24502
Website
www.lbdc.comNTEE Category
Code: S43 - Community improvement
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