2024-08-23T10:28:31-04:00 2023-12-31 541247987 BROCKMAN DRINKARD & PENNINGTON PC 104 ARCHWAY CT LYNCHBURG VA 24502 990 2023-01-01 541255814 CENTRAL VIRGINIA FOUNDATION FOR ECONOMIC EDUCATION&IMPROVEMENT INC CENT 4348455968 300 LUCADO PL LYNCHBURG VA 24504 MEGAN LUCAS SEC/TREAS 4348455968 2024-08-01 true true TIMOTHY A BLANKS P00111139 4348468458 2024-08-01 2023 2024-08-08 14:25:15Z MEGAN LUCAS 300 LUCADO PLACE LYNCHBURG VA 24504 117065 false X X 1983 VA CHARITABLE AND EDUCATION PURPOSES IN FURTHERANCE OF ECONOMIC GROWTH, EDUCATION, TRAINING AND DEVELOPMENT 8 8 0 8 22940 162760 55817 0 0 19869 22940 182629 78757 0 0 0 0 200 241928 132983 241928 132983 -59299 -54226 1630168 1559769 347038 330865 1283130 1228904 FURTHERANCE OF ECONOMIC GROWTH, EDUCATION, TRAINING AND DEVELOPMENT false false 131136 FURTHERANCE OF ECONOMIC GROWTH, EDUCATION, TRAINING AND DEVELOPMENT 131136 true true false false false false false false false false true false false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false true false true 0 0 0 true true false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true false false false VA X X DENISE ROWLAND 4348455966 300 LUCADO PLACE LYNCHBURG VA 24504 X DR JOHN CAPPS DIR 0.50 X 0 0 0 SUSAN CHAPMAN DIR 0.50 X 0 0 0 PAUL DENHAM DIR 0.50 X 0 0 0 LAUREN DIANICH DIR 0.50 X 0 0 0 KAREN DYER DIR 0.50 X 0 0 0 STEVE LAMANNA VICE PRES 1.00 X X 0 0 0 MEGAN LUCAS SEC/TREAS 1.00 X X 0 0 0 ROBERT OBRIAN PRES 1.00 X X 0 0 0 false false false 55817 55817 61248 38308 22940 22940 22940 78757 22940 1372 1372 43 43 72664 72664 250 250 PROGRAM EXPENSES 58429 58429 CAPITAL CAMPAIGN EXP 200 200 OTHER TAXES 25 25 132983 131136 1647 200 177174 169423 28505 23868 11300 250 1783440 428262 1424239 1355178 1630168 1559769 650 45137 54997 130751 111368 170500 164500 347038 330865 X 1261333 1201744 21797 27160 1283130 1228904 1630168 1559769 -54226 X false true X true false X 13880 252228 129855 162760 55817 614540 13880 252228 129855 162760 55817 614540 614540 13880 252228 129855 162760 55817 614540 1.00000 1.00000 0.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 133500 133500 1615515 398409 1217106 34425 29853 4572 1355178 DUE TO AFFILIATE 164500 164500 X 2579642 2586133 2586133 -6491 85248 85248 78757 2163596 2115861 2115861 47735 85248 85248 132983 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION, EXEMPT FROM INCOME TAX UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE ("THE CODE") AND HAS BEEN DETERMINED TO BE A CHARITABLE ORGANIZATION UNDER SECTION 501(C)(3) OF THE CODE, WHICH QUALIFIES CONTRIBUTIONS, BEQUESTS, AND LEGACIES AS DEDUCTIONS BY THE DONOR FOR INCOME, ESTATE AND GIFT TAX PURPOSES. THE FOUNDATION HAS A FISCAL YEAR ENDING DECEMBER 31. CERTAIN REVENUES OF THE ORGANIZATION, INCLUDING ADVERTISING INCOME, COMMISSIONS, NET RENTAL INCOME ON DEBT-FINANCED PROPERTY, AND REVENUE FROM THE SALE OF MAILIING LABELS ARE SUBJECT TO TAX AS "UNRELATED BUSINESS TAXABLE INCOME". THE ORGANIZATION DID NOT NOT PAY ANY TAXES FOR UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE ORGANIZATION HAS EVALUATED ALL TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE ORGANIZATION HAD NO UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2023 AND 2022. THE ORGANIZATION'S INCOME TAX FILINGS ARE SUBJECT TO AUDIT BY VARIOUS TAXING AUTHORITIES. OPEN AUDIT PERIODS INCLUDE ITS YEARS ENDING DECEMBER 31, 2020 THROUGH 2023. SCHEDULE D, PAGE 4, PART XI, LINE 2D REVENUE OF LYNCHBURG REGIONAL 0 BUSINESS ALLIANCE IN 0 IN COMBINED FINANCIAL STATEMENTS 2,547,825 RENTAL EXPENSES NETTED ON 990 38,308 SCHEDULE D, PAGE 4, PART XI, LINE 4B INTERCOMPANY REVENUE 85,248 SCHEDULE D, PAGE 4, PART XII, LINE 2D EXPENSES OF LYNCHBURG REGIONAL 0 BUSINESS ALLIANCE INCLUDED 0 IN COMBINED 0 FINANCIAL STATEMENTS 2,077,553 RENTAL EXPENSES NETTED ON 990 38,308 SCHEDULE D, PAGE 4, PART XII, LINE 4B INTERCOMPANY EXPENSES 85,248 FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS FILED BASED ON THE AUDIT OF THE LYNCHBURG REGIONAL BUSINESS ALLIANCE. THE FORM 990 WAS REVIEWED BY THE CVF BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C EACH DIRECTOR & OFFICER IS PROVIDED WITH AND ASKED TO REVIEW A COPY OF THE POLICY AND TO ACKNOWLEDGE IN WRITING THAT HE OR SHE HAS DONE SO. ANNUALLY EACH DIRECTOR & OFFICER SHALL COMPLETE A DISCLOSURE FORM IDENTIFYING ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH HE OR SHE IS INVOLVED THAT THEY BELIEVE COULD CONTRIBUTE TO A CONFLICT OF INTEREST. ANY INFORMATION IS TREATED AS CONFIDENTIAL AND SHALL GENERALLY BE MADE AVAILABLE ONLY TO THE CHAIR, THE PRESIDENT AND ANY COMMITTEE APPOINTED TO ADDRESS SUCH CONFLICTS. THE POLICY IS REVIEWED ANNUALLY BY EACH BOARD MEMBER. ANY CHANGES TO THE POLICY ARE COMMUNICATED TO ALL. FORM 990, PAGE 6, PART VI, LINE 19 THESE ARE MADE AVAILABLE UPON REQUEST LYNCHBURG REG BUS ALLIANCE 300 LUCADO PLACE LYNCHBURG VA 24504 540165020 ECONOMIC VA 501C6 N/A false false false false false true false false false false true false true false true true false false false false LYNCHBURG REG BUSINESS ALLIANCE E 164500 BOOK LYNCHBURG REG BUSINESS ALLIANCE J 61248 BOOK LYNCHBURG REG BUSINESS ALLIANCE M 24000 BOOK SCHEDULE R SCHEDULE R, PART II, COLUMN B TO PROMOTE ECONOMIC GROWTH, POSITIVE BUSINESS CLIMATE & QUALITY OF LIFE