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Dan River Business Development Center

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

EIN: 541944252 ✦ Danville, VA ✦ Designated as a 501(c)(3)

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

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.

Here 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:

    Albert K Rawley (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Bond (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Otis Hawker (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Corrie Teague Bobe (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tim Chesher (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bryant Hood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ken Larking (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew D Rowe (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vaden Hunt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Telly Tucker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donnie Stevens (Non-Voting Director)
  • 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?

    The 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.

    Impact

    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.




    Wednesday, July 24, 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.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Albert K Rawley

    Main Address

    300 RINGGOLD INDUSTRIAL PARKWAY, DANVILLE, VA, 24540

    NTEE Category

    Code: S30 - Community improvement

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