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Virginia Highlands Small Business I

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

EIN: 541965102 ✦ Abingdon, VA ✦ Designated as a 501(c)(3)

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Overview

What is Virginia Highlands Small Business I?

Virginia Highlands Small Business I is a nonprofit organization situated in Abingdon, Virginia, with a focus on boosting the local economy. Their primary mission is to stimulate the growth of small businesses and industries in the region, ultimately aiming to enhance the lives of the people residing in Abingdon and Washington County. To accomplish this, they provide innovative office space and related services for small businesses, serving as a catalyst for job creation. With a team of two dedicated individuals, Virginia Highlands Small Business I is committed to contributing to the economic development and betterment of their community.


Official website here: www.vhsbi.com

Is Virginia Highlands Small Business I legitimate?

Virginia Highlands Small Business I is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Highlands Small Business I 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: $165,545

For more financial information, click here


Official website here: www.vhsbi.com

What is the mission statement of Virginia Highlands Small Business I?

Virginia Highlands Small Business I is dedicated to boosting economic development in its operational region. The primary objective of this organization is to stimulate the growth of small businesses and industries, ultimately improving the lives of its community members in Abingdon and Washington County, Virginia. To achieve this, Virginia Highlands Small Business I has established an innovative economic development engine, which is committed to creating job opportunities. Additionally, the organization offers small business office space and related office services, providing a conducive environment for businesses to thrive.


Official website here: www.vhsbi.com

Who is the CEO of Virginia Highlands Small Business I?

Benjamin M Harrell is the President of Virginia Highlands Small Business I.


Official website here: www.vhsbi.com

What is the revenue of Virginia Highlands Small Business I?

Virginia Highlands Small Business I's revenue in 2022 was $381,610.


Official website here: www.vhsbi.com

Who are the executives of Virginia Highlands Small Business I and what are their salaries?

The average compensation at Virginia Highlands Small Business I during 2022 was $82,772. There are 2 employees at Virginia Highlands Small Business I.


Here are 9 key members and their salaries:


John Brickey (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Graham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin M Harrell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Macione (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kent Peterson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jack Phelps (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sylvia Robbins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doris Clendenen Shuman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Spiegler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.vhsbi.com

Where can I find the form 990 for Virginia Highlands Small Business I?

Virginia Highlands Small Business I's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.vhsbi.com

Learn more at the official website: www.vhsbi.com

Mission Statement of Virginia Highlands Small Business I

Virginia Highlands Small Business I is dedicated to fostering economic development in its region and improving the lives of the people in Abingdon and Washington County, Virginia. To achieve this, the organization has established an innovative economic development engine, primarily focused on stimulating the growth of small businesses and industries. This mission is carried out by providing small business office space and related office services, with the ultimate goal of creating job opportunities. By offering a conducive environment for small businesses, Virginia Highlands Small Business I contributes significantly to the region's economic growth and development.

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Impact




October, 2024

Virginia Highlands Small Business I plays a crucial role in enhancing the economic landscape of Abingdon and Washington County, Virginia. By focusing on the growth of small businesses and local industry, it acts as a catalyst for economic development in the region.

The organization provides essential office space and related services tailored for small businesses, creating a supportive environment where entrepreneurs can thrive. This initiative not only stimulates job creation but also significantly improves the quality of life for residents by fostering economic resilience and diversity. As a result, Virginia Highlands Small Business I contributes to a more vibrant and sustainable community, ultimately driving forward the region's economic prosperity.




This information is meant to be a general summary of Virginia Highlands Small Business I. 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
$381,610 (2022)
Expenses
$432,760 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $435
  • Program Service Revenue: $231,175
  • Gross Receipts: $381,610

Assets and Liabilities:

  • Total Assets: $3,095,800
  • Total Liabilities: $76,923
  • Net Assets: $3,018,877

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

EARNED REVENUES:GROSS RENTS R

Revenue

$182,030

TENANT AND OTHER REIMBURSEMEN

Revenue

$18,315

REIMBURSABLE UTILITIES:VHCC E

Revenue

$15,398

EARNED REVENUES:AFFILIATE PRO

Revenue

$4,500

TENANT AND OTHER REIMBURSEMEN

Revenue

$3,443

Organization Details

Founding Year

1999

Principal Officer

Benjamin M Harrell

Main Address

851 FRENCH MOORE JR BLVD, ABINGDON, VA, 24210

NTEE Category

Code: S30 - Community improvement

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