Nonprofit · EIN 54-1534595
SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC
Tax-exempt · NORFOLK, VA 23510
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $545,861 | $530,935 | $14,926 | $355,301 | $68,159 | $287,142 |
| December 31, 2023 | 990 | $438,323 | $414,034 | $24,289 | $305,397 | $33,181 | $272,216 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $543,505
- of which government grants
- $542,130
- Program service revenue
- $0
- Investment income
- $2,356
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $368,691
- Salaries, compensation and benefits (total)
- $441,841
- Professional fundraising fees
- $0
- Accounting fees
- $7,450
- Travel
- $7,918
Balance sheet and other
- Total assets, start of year
- $305,397
- Total assets, end of year
- $355,301
- Total liabilities, end of year
- $68,159
- Net assets, end of year
- $287,142
- Net assets without donor restrictions
- $287,142
- Gross receipts
- $545,861
- Employees
- 7
- Volunteers
- 20
- Year formed
- 1990
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRYAN STEPHENS | PRESIDENT AN Trustee or director, Officer | 2 | $0 | $392,400 | $27,607 |
| SYLVIA HAINES | SECRETARY Trustee or director, Officer | 1 | $0 | $140,000 | $16,767 |
| JOLIE SPIERS | CENTER DIREC Trustee or director, Officer | 40 | $117,000 | $0 | $14,907 |
| PRATIK KOTHARI | CHAIR Trustee or director | 0.3 | $0 | $0 | $0 |
| JODY A KEENAN | EX OFFICIO M Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| JEFF RICHARDSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| GEORGE MARQUEZ | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| BRYAN STEPHENS | PRESIDENT AN Trustee or director, Officer | 2 | $0 | $405,400 | $21,931 |
| SYLVIA HAINES | SECRETARY Trustee or director, Officer | 1 | $0 | $150,000 | $17,295 |
| JOLIE SPIERS | CENTER DIREC Trustee or director, Officer | 40 | $100,000 | $0 | $13,839 |
| JODY A KEENAN | EX OFFICIER Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| JEFF RICHARDSON | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
| JEFF TANNER | CHAIR Trustee or director | 0.3 | $0 | $0 | $0 |
| GEORGE MARQUEZ | DIRECTOR Trustee or director | 0.3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 W MAIN ST STE 800, NORFOLK, VA 23510-1670
- In care of
- % WM J HOLLORAN
- Principal officer (990 for 2024)
- SYLVIA HAINES, 101 W MAIN STREET SUITE 800, NORFOLK, VA 23510
- Signed the 990
- SYLVIA HAINES, SECRETARY
- Phone
- (757) 622-2312
- Website
- HRSBDC.ORG
- Return prepared by
- JONES CPA GROUP PC
Mission
TO FOSTER SMALL BUSINESS SUCCESS AND GROW THE REGION'S ECONOMY.
Program accomplishments
- COORDINATING AND ENCOURAGING THE DEVELOPMENT OF SMALL BUSINESSES IN THE HAMPTON ROADS AREA.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 54-1534595
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $355,301
- Income (IRS master file)
- $545,861
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $545,861 | $530,935 | $355,301 | IRS |
| 990 | December 2023 | $438,323 | $414,034 | $305,397 | XML |
| 990 | December 2022 | $463,349 | $472,918 | $260,544 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1534595).
Questions about SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC
- What is the EIN of SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC?
- The employer identification number (EIN) of SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC is 54-1534595.
- Is SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1991.
- Are donations to SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC?
- The 990 for the year ended December 31, 2024 names SYLVIA HAINES.
- Who are the officers and directors of SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization.
- How much revenue does SMALL BUSINESS DEVELOPMENT CENTER OF HAMPTON ROADS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $545,861, expenses of $530,935 and total assets of $355,301 at year end.
Other nonprofits in NORFOLK
- CHILDRENS HOSPITAL OF THE KINGS DAUGHTERS INC EIN 54-0506321 · last filed 990 for 2025
- PEOPLE FOR THE ETHICAL TREATMENT OF ANIMALS INC EIN 52-1218336 · last filed 990 for 2025
- EVMS ACADEMIC PHYSICIANS AND SURGEONS HEALTH SERVICES FOUNDATIO EIN 52-1576648 · last filed 990 for 2025
- OLD DOMINION UNIVERSITY RESEARCH FOUNDATION EIN 54-6068198 · last filed 990 for 2025
- UNITED FAITH MINISTRIES INC EIN 36-4948535 · last filed 990 for 2025
- FOODBANK OF SOUTHEASTERN VIRGINIA EIN 52-1219783 · last filed 990 for 2025
- HAMPTON ROADS SHIPPING ASSOCIATION ILA CONTAINER ROYALTY FUND EIN 54-0852223 · last filed 990 for 2025
- CHILDRENS HEALTH SYSTEM INC EIN 54-1278830 · last filed 990 for 2025