Nonprofit · EIN 62-1845660
HOLSTON BUSINESS GROUP
Tax-exempt · KINGSPORT, TN 37660
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $160,159 | $176,722 | -$16,563 | $454,107 | $4,251 | $449,856 |
| December 31, 2024 | 990 | $167,157 | $182,958 | -$15,801 | $470,454 | $4,035 | $466,419 |
| December 31, 2023 | 990 | $149,064 | $176,880 | -$27,816 | $489,923 | $7,703 | $482,220 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $10,000
- Program service revenue
- $147,361
- Investment income
- $6
- Other revenue
- $2,792
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $7,000
- Occupancy
- $36,464
- Depreciation
- $26,548
- Program services (functional)
- $176,722
Balance sheet and other
- Total assets, start of year
- $470,454
- Total assets, end of year
- $454,107
- Total liabilities, end of year
- $4,251
- Net assets, end of year
- $449,856
- Land, buildings and equipment
- $409,633
- Net assets without donor restrictions
- $449,856
- Gross receipts
- $160,159
- Employees
- 0
- Year formed
- 2001
- State of legal domicile
- TN
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dennis Phillips | President Trustee or director, Officer | 2 | $0 |
| Larry Elkins | Secretary/Treasurer Trustee or director, Officer | 2 | $0 |
| Nancy Barker | Vice President Trustee or director | 0.5 | $0 |
| Wes Trent | Board Member Trustee or director | 0.5 | $0 |
| Chris McCartt | Board Member Trustee or director | 0.5 | $0 |
| Liz Bennett | Director Trustee or director | 40 | $0 |
| Mark DeWitte | Board Member Trustee or director | 0.5 | $0 |
| Paul Montgomery | Board Member Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dennis Phillips | President Trustee or director, Officer | 2 | $0 |
| Larry Elkins | Secretary/Treasurer Trustee or director, Officer | 2 | $0 |
| Nancy Barker | Vice President Trustee or director | 0.5 | $0 |
| Chip Zimmerman | Board Member Trustee or director | 0.5 | $0 |
| Pat Shull | Board Member Trustee or director | 0.5 | $0 |
| Chris McCartt | Board Member Trustee or director | 0.5 | $0 |
| Liz Bennett | Director Trustee or director | 40 | $0 |
| Mark DeWitte | Board Member Trustee or director | 0.5 | $0 |
| Paul Montgomery | Board Member Trustee or director | 0.5 | $0 |
| Scott Keheley | Board Member Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dennis Phillips | President Trustee or director, Officer | 2 | $0 |
| Larry Elkins | Secretary/Treasurer Trustee or director, Officer | 2 | $0 |
| Nancy Barker | Vice President Trustee or director | 0.5 | $0 |
| Chip Zimmerman | Board Member Trustee or director | 0.5 | $0 |
| Pat Shull | Board Member Trustee or director | 0.5 | $0 |
| Chris McCartt | Board Member Trustee or director | 0.5 | $0 |
| Liz Bennett | Director Trustee or director | 40 | $0 |
| Mark DeWitte | Board Member Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2005 VENTURE PARK, KINGSPORT, TN 37660-1098
- Principal officer (990 for 2025)
- Liz Bennett, 2005 Venture Park, Kingsport, TN 37660
- Signed the 990
- Liz Bennett, Executive Director
- Phone
- (423) 578-6235
- Return prepared by
- David M Ellis CPA
Mission
The Holston Business Group, a public/private partnership, supports nurtures the entrepreneurial spirit to create diverse businesses jobs which benefit the citizens of the greater Kingsport/Hawkins County area.
Program accomplishments
- Business IncubatorExpenses $176,722
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 | 990 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
- 62-1845660
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $454,107
- Income (IRS master file)
- $160,159
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $160,159 | $176,722 | $454,107 | XML |
| 990 | December 2024 | $167,157 | $182,958 | $470,454 | IRS |
| 990 | December 2023 | $149,064 | $176,880 | $489,923 | XML |
| 990 | December 2022 | $117,127 | $167,881 | $525,692 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 62-1845660).
Questions about HOLSTON BUSINESS GROUP
- What is the EIN of HOLSTON BUSINESS GROUP?
- The employer identification number (EIN) of HOLSTON BUSINESS GROUP is 62-1845660.
- Is HOLSTON BUSINESS GROUP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to HOLSTON BUSINESS GROUP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HOLSTON BUSINESS GROUP 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 HOLSTON BUSINESS GROUP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOLSTON BUSINESS GROUP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HOLSTON BUSINESS GROUP?
- The 990 for the year ended December 31, 2025 names Liz Bennett.
- Who are the officers and directors of HOLSTON BUSINESS GROUP?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does HOLSTON BUSINESS GROUP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $160,159, expenses of $176,722 and total assets of $454,107 at year end.
Other nonprofits in KINGSPORT
- UPPER EAST TENNESSEE HUMAN DEVELOPMENT AGENCY EIN 62-0902005 · last filed 990 for 2025
- KINGSPORT CHAMBER FOUNDATION EIN 58-1453565 · last filed 990 for 2025
- SYNC SPACE ENTREPRENEUR CENTER EIN 84-4153185 · last filed 990 for 2025
- HOME BUILDERS ASSOCIATION OF GREATER KINGSPORT INC EIN 62-0899334 · last filed 990 for 2024
- DOWNTOWN KINGSPORT ASSOCIATION INC EIN 81-2175094 · last filed 990 for 2025
- KIWANIS CLUB OF KINGSPORT FOUNDATION EIN 27-1966427 · last filed 990-EZ for 2024
- JUNIOR LEAGUE OF KINGSPORT INC EIN 62-0634742 · last filed 990-EZ for 2025
- ROTARY CLUB OF KINGSPORT FOUNDATION EIN 45-4720113 · last filed 990-N for 2025
All nonprofits in KINGSPORT · Tennessee · Community improvement and capacity building