Overview
What is Dan River Business Development Center?
The Dan River Business Development Center, situated in Danville, Virginia, functions as a nonprofit organization. Its primary focus is to empower entrepreneurs by offering educational opportunities and fostering an environment conducive to the growth of emerging service, technology, and light manufacturing businesses. By attracting, assisting, and encouraging these enterprises, the center aims to bolster their success within the local community, ultimately contributing to its economic development. With a small team of dedicated professionals, the Dan River Business Development Center plays a crucial role in nurturing and nurturing entrepreneurial ventures in the region.
Official website here: www.drdbc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Dan River Business Development Center has achieved an impressive 96% rating from Charity Navigator, indicating a high level of accountability and financial health. This score reflects the organization's commitment to transparency and effective governance, as evidenced by its 100% independent board members and thorough financial oversight.
The center demonstrates strong financial management with a program expense ratio of 75.16%, suggesting that a significant portion of its budget is dedicated to its programs rather than administrative costs. Additionally, the organization's adherence to policies such as conflict of interest and whistleblower protections further reinforces its commitment to ethical practices in its operations.
While the ratings are exceptionally positive, the review does not highlight any specific limitations or concerns about the organization. Overall, the Dan River Business Development Center appears to be a well-managed nonprofit dedicated to its mission, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Dan River Business Development Center legitimate?
Dan River Business Development Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dan River Business Development Center 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.drdbc.com
What is the mission statement of Dan River Business Development Center?
The Dan River Business Development Center's mission is centered around providing educational opportunities for entrepreneurs and actively supporting the growth of emerging service, technology, and light manufacturing businesses. This organization aims to attract, assist, and encourage these businesses to thrive locally, thereby contributing to the community's success. In essence, the Dan River Business Development Center serves as a catalyst for entrepreneurial growth and innovation in the respective industry sectors.
Official website here: www.drdbc.com
Who is the CEO of Dan River Business Development Center?
Albert K Rawley is the Chairman of Dan River Business Development Center.
Official website here: www.drdbc.com
What is the revenue of Dan River Business Development Center?
Dan River Business Development Center's revenue in 2022 was $543,834.
Official website here: www.drdbc.com
Who are the executives of Dan River Business Development Center and what are their salaries?
There are 3 employees at Dan River Business Development Center.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.drdbc.com
Where can I find the form 990 for Dan River Business Development Center?
Dan River Business Development Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.drdbc.com
Learn more at the official website: www.drdbc.com
Mission Statement of Dan River Business Development Center
The Dan River Business Development Center is dedicated to providing educational opportunities for entrepreneurs, with a specific focus on attracting, assisting, and encouraging emerging service, technology, and light manufacturing businesses. The center's mission is to serve as a catalyst for these businesses, providing them with the necessary resources and support to succeed in their respective industries within the local community. By offering educational opportunities, the Dan River Business Development Center aims to foster a thriving entrepreneurial environment, enabling these businesses to grow and contribute positively to their community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Dan River Business Development Center's impact can be seen in the growth and success of emerging service, technology, and light manufacturing businesses in Danville, VA. By providing educational opportunities and support to entrepreneurs, the center plays a crucial role in fostering innovation and economic development within the local community. Through its efforts, the center contributes to the improvement of the community by attracting, assisting, and encouraging businesses to thrive and create opportunities for local residents.
This information is meant to be a general summary of Dan River Business Development Center. 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 2022.
- Investment Income: $35
- Program Service Revenue: $240,946
- Gross Receipts: $543,834
Assets and Liabilities:
- Total Assets: $481,778
- Total Liabilities: $6,867
- Net Assets: $474,911
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$240,946
Organization Details
Founding Year
1998
Phone
(434) 793-9100Principal Officer
Albert K Rawley
Main Address
300 RINGGOLD INDUSTRIAL PARKWAY, DANVILLE, VA, 24540
Website
www.drdbc.comNTEE Category
Code: S30 - Community improvement
If you are a representative of Dan River Business Development Center and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.