Central Virginia Business Coalition

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

EIN: 843642025 ✦ Lynchburg, VA ✦ Designated as a 501(c)(6)

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Overview

What is Central Virginia Business Coalition?

The Central Virginia Business Coalition is a nonprofit organization situated in Lynchburg, Virginia, specifically at 147 Mill Ridge Road 209. Its primary goal is to foster growth and networking opportunities for small businesses in the Central Virginia region. The organization's mission is uniquely focused on promoting locally owned retail establishments and service providers within the community. This is achieved through membership and various programs, aiming to bolster the local economic landscape.


Official website here: www.cvabc.org

Is Central Virginia Business Coalition legitimate?

Central Virginia Business Coalition is a legitimate nonprofit organization registered as a 501(c)(6) entity. Central Virginia Business Coalition 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: $85,576
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,703

For more financial information, click here


Official website here: www.cvabc.org

What is the mission statement of Central Virginia Business Coalition?

The Central Virginia Business Coalition's mission is centered around promoting locally owned retail establishments and service providers. In essence, their goal is to boost the growth and networking opportunities for small businesses within the Central Virginia region. They accomplish this through membership programs and various initiatives. The coalition operates with the aim of fostering a thriving local business community, thereby contributing to the economic vitality of the area.


Official website here: www.cvabc.org

Who is the CEO of Central Virginia Business Coalition?

Heather Alto is the President/ Director of Central Virginia Business Coalition.


Official website here: www.cvabc.org

What is the revenue of Central Virginia Business Coalition?

Central Virginia Business Coalition's revenue in 2022 was $394,800.


Official website here: www.cvabc.org

Who are the executives of Central Virginia Business Coalition and what are their salaries?


Here are 9 key members and their salaries:


David A Somers (President/ Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Givens (Vicec President/ Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc A Schewel (Treasurer/ Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
W Bradley Weaver (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rayner V Snead Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Szuba (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie M Montgomery (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Heather Alto (Executive Director)
  • Compensation: $85,576
  • Related: $0
  • Other: $0
Dianne Erb (Director Of Special Events)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cvabc.org

Where can I find the form 990 for Central Virginia Business Coalition?

Central Virginia Business Coalition's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cvabc.org

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

Mission Statement of Central Virginia Business Coalition

The Central Virginia Business Coalition, in its mission, aims to champion locally-owned retail establishments and service providers. This nonprofit organization strives to promote the growth and networking opportunities for small businesses in the Central Virginia area, thereby contributing to the local economy and community. By offering membership and operating a program tailored to these businesses, the Central Virginia Business Coalition plays a significant role in fostering the success of small ventures in the region.

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Impact




October, 2024

The Central Virginia Business Coalition plays a crucial role in supporting locally owned retail establishments and service providers in the Central Virginia area. By fostering growth and networking opportunities for small businesses, the Coalition enhances the local economy and strengthens community ties. Its initiatives not only promote local shopping but also empower entrepreneurs to thrive in a competitive marketplace.

In the city of Lynchburg and surrounding regions, the Coalition's activities contribute to a vibrant business ecosystem. Members benefit from resources designed to increase visibility and collaboration among businesses, which can lead to increased foot traffic and customer loyalty. This focus on community improvement helps create a sense of place, encouraging residents to support their neighbors and reinforcing the importance of local commerce. Ultimately, the Central Virginia Business Coalition’s impact is felt through economic development, community connectivity, and the promotion of a rich, diverse local marketplace.




This information is meant to be a general summary of Central Virginia Business Coalition. 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
$394,800 (2022)
Expenses
$364,390 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $202,752
  • Program Service Revenue: $33,035
  • Gross Receipts: $527,044

Assets and Liabilities:

  • Total Assets: $910,332
  • Total Liabilities: $3,357
  • Net Assets: $906,975

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Programs

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

ADVERTISING

Revenue

$33,035

Organization Details

Founding Year

2020

Principal Officer

Heather Alto

Main Address

147 MILL RIDGE ROAD 209, LYNCHBURG, VA, 24502

NTEE Category

Code: S40 - Community improvement

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