Nonprofit · EIN 54-6041891
DANVILLE AREA DEVELOPMENT FOUNDATION INC
Tax-exempt · DANVILLE, VA 24541
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| February 28, 2026 | 990 | $32,151 | $70,469 | -$38,318 | $789,400 | $0 | $789,400 |
| February 28, 2025 | 990 | $41,877 | $10,718 | $31,159 | $827,718 | $0 | $827,718 |
| February 29, 2024 | 990 | $14,271 | $3,575 | $10,696 | $796,559 | $0 | $796,559 |
Financial details: 990 for the year ended February 28, 2026
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $32,151
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $500
- Management and general (functional)
- $70,469
Balance sheet and other
- Total assets, start of year
- $827,718
- Total assets, end of year
- $789,400
- Total liabilities, end of year
- $0
- Net assets, end of year
- $789,400
- Publicly traded securities
- $773,415
- Net assets without donor restrictions
- $789,400
- Gross unrelated business income
- $32,151
- Gross receipts
- $574,533
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1960
- 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 February 28, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES MAJORS | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| BEN J DAVENPORT JR | DIRECTOR Trustee or director | 1 | $0 |
| MARK HOLLAND | PRESIDENT Trustee or director, Officer | 1 | $0 |
| AMANDA WITT-COX | DIRECTOR Trustee or director | 1 | $0 |
| CORRIE BOBE | DIRECTOR Trustee or director | 1 | $0 |
| RICK BARKER | DIRECTOR Trustee or director | 1 | $0 |
| HAMPTON WILKINS | DIRECTOR Trustee or director | 1 | $0 |
| TIM CLARK | DIRECTOR Trustee or director | 1 | $0 |
| DAN M PLEASANT | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| JEFF HALEY | DIRECTOR Trustee or director | 1 | $0 |
| CONNIE NYHOLM | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH LEGGETT | DIRECTOR Trustee or director | 1 | $0 |
| TELLY TUCKER | DIRECTOR Trustee or director | 1 | $0 |
| JIM MAXWELL | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN H COMPTON | SECRETARY/TREASURER Officer | 1 | $0 |
990 for the year ended February 28, 2025: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES H MAJORS | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| BEN J DAVENPORT JR | DIRECTOR Trustee or director | 1 | $0 |
| DR TIFFANY FRANKS | DIRECTOR Trustee or director | 1 | $0 |
| MARK HOLLAND | PRESIDENT Trustee or director, Officer | 1 | $0 |
| AMANDA WITT-COX | DIRECTOR Trustee or director | 1 | $0 |
| HARRY G LEA | DIRECTOR Trustee or director | 1 | $0 |
| CORRIE BOBE | DIRECTOR Trustee or director | 1 | $0 |
| RICK BARKER | DIRECTOR Trustee or director | 1 | $0 |
| HAMPTON WILKINS | DIRECTOR Trustee or director | 1 | $0 |
| TIM CLARK | DIRECTOR Trustee or director | 1 | $0 |
| DAN M PLEASANT | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| DR B CARLYLE RAMSEY | DIRECTOR Trustee or director | 1 | $0 |
| JEFF HALEY | DIRECTOR Trustee or director | 1 | $0 |
| CONNIE NYHOLM | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH LEGGETT | DIRECTOR Trustee or director | 1 | $0 |
| TELLY TUCKER | DIRECTOR Trustee or director | 1 | $0 |
| JERRY WALLACE | DIRECTOR Trustee or director | 1 | $0 |
| JIM MAXWELL | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN H COMPTON | SECRETARY/TREASURER Officer | 1 | $0 |
990 for the year ended February 29, 2024: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHARLES H MAJORS | VICE-PRESIDENT Trustee or director, Officer | 1 | $0 |
| BEN J DAVENPORT JR | DIRECTOR Trustee or director | 1 | $0 |
| DR TIFFANY FRANKS | DIRECTOR Trustee or director | 1 | $0 |
| MARK HOLLAND | PRESIDENT Trustee or director, Officer | 1 | $0 |
| AMANDA WITT-COX | DIRECTOR Trustee or director | 1 | $0 |
| HARRY G LEA | DIRECTOR Trustee or director | 1 | $0 |
| CORRIE BOBE | DIRECTOR Trustee or director | 1 | $0 |
| RICK BARKER | DIRECTOR Trustee or director | 1 | $0 |
| HAMPTON WILKINS | DIRECTOR Trustee or director | 1 | $0 |
| TIM CLARK | DIRECTOR Trustee or director | 1 | $0 |
| DAN M PLEASANT | VICE-PRESIDENT Trustee or director | 1 | $0 |
| DR B CARLYLE RAMSEY | DIRECTOR Trustee or director | 1 | $0 |
| JEFF HALEY | DIRECTOR Trustee or director | 1 | $0 |
| CONNIE NYHOLM | DIRECTOR Trustee or director | 1 | $0 |
| ELIZABETH LEGGETT | DIRECTOR Trustee or director | 1 | $0 |
| TELLY TUCKER | DIRECTOR Trustee or director | 1 | $0 |
| JERRY WALLACE | DIRECTOR Trustee or director | 1 | $0 |
| JIM MAXWELL | DIRECTOR Trustee or director | 1 | $0 |
| CAROLYN H COMPTON | SECRETARY/TREASURER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 628 MAIN ST, DANVILLE, VA 24541-1320
- Principal officer (990 for 2025)
- CHARLES H MAJORS, 528 MAIN STREET, DANVILLE, VA 24541
- Signed the 990
- CHARLES H MAJORS, VICE-PRESIDENT
- Phone
- (434) 793-1753
- Return prepared by
- WILKINSON CONSULTING & CPA PLC
Mission
PROMOTE INDUSTRIAL AND COMMERCIAL DEVELOPMENT OF THE CITY OF DANVILLE AND SURROUNDING COUNTIES.
Program accomplishments
- THE FOUNDATION WAS FORMED TO ASSIST & PROMOTE THE INDUSTRIAL & COMMERCIAL DEVELOPMENT OF THE CITY OF DANVILLE & THE IMMEDIATE SURROUNDING COUNTY AREA.Expenses $65,000
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 February, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | February 28, 2026 | July 15, 2026 | 990 on file |
| 2024 | February 28, 2025 | July 15, 2025 | 990 on file |
| 2023 | February 29, 2024 | July 15, 2024 | 990 on file |
IRS record
- EIN
- 54-6041891
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1960
- Accounting year ends
- February
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $789,400
- Income (IRS master file)
- $574,533
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | February 2026 | $32,151 | $70,469 | $789,400 | XML |
| 990 | February 2025 | $41,877 | $10,718 | $827,718 | XML |
| 990 | February 2024 | $14,271 | $3,575 | $796,559 | XML |
| 990 | February 2023 | $1,723 | $15,626 | $785,863 | IRS |
| 990 | February 2022 | – | – | – | IRS |
| 990 | February 2021 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about DANVILLE AREA DEVELOPMENT FOUNDATION INC
- What is the EIN of DANVILLE AREA DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of DANVILLE AREA DEVELOPMENT FOUNDATION INC is 54-6041891.
- Is DANVILLE AREA DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1960.
- Are donations to DANVILLE AREA DEVELOPMENT FOUNDATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DANVILLE AREA DEVELOPMENT FOUNDATION 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 DANVILLE AREA DEVELOPMENT FOUNDATION INC due?
- The return for tax year 2026 (the year ending February 28, 2027) is due July 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DANVILLE AREA DEVELOPMENT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended February 2026.
- Who is the principal officer of DANVILLE AREA DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended February 28, 2026 names CHARLES H MAJORS.
- Who are the officers and directors of DANVILLE AREA DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended February 28, 2026 lists 15 people; 0 received compensation from the organization.
- How much revenue does DANVILLE AREA DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended February 28, 2026 it reported revenue of $32,151, expenses of $70,469 and total assets of $789,400 at year end.
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