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NEW RIVER VALLEY DEVELOPMENT CORPORATION

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Tax-exempt status may be revoked

NEW RIVER VALLEY DEVELOPMENT CORPORATION

EIN 54-1247459 · Public & Societal Benefit N.E.C. (W99)

What they do

Small Business Expansion/Economic Development

Before you give

Should I give to this charity?

Easy charity check
Stop and check first

This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2020The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

38,931.94%of revenue went to mission work100.0% of expenses · Program services
$38,931.94spent for every $100 of revenueSpending was higher than revenue this year.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $27,959 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2020

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$72
Mission workProgram services$28,03138,931.94% of revenue100.0% of expenses
ManagementOffice and general costs0.00% of revenue0.0% of expenses
FundraisingAsking for donations0.00% of revenue0.0% of expenses
Total expenses$28,03138,931.94% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

2020100.0% mission
201985.7% mission
201889.1% mission
201794.6% mission
201698.1% mission
201595.7% mission

Money in and money out

Revenue$72
Expenses$28,031
Annual shortfall $27,959 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$28,031 · 100.0% of expenses
See all reported dollar amounts
Revenue$72
Expenses$28,031
Income$72
Mission work (program services)$28,031
People

Leadership and board

Tax year 2020

Names, titles, time, and compensation below are reported by the organization on its Form 990.

See everyone listed on the board or leadership roster (7)

BASIL EDWARDSSEC/TREAS

DOUG PHILLIPSMEMBER

HELEN HARVEYMEMBER

JOHN BUSHMEMBER

MICHAEL BARBERPRESIDENT

MICHAEL SOLOMONVICE PRESIDENT

NICHOLE HAIRMEMBER

About this charity

Location
6580 Valley Center Drive, Radford, VA 24141
County
Radford (city)
In care of
Michael Barber
Primary officer
Michael Barber, President

How to reach them

Filing and classification

Latest tax year
2020
Tax period began
October 1, 2020
Return type
990
Tax preparer
ROBINSON FARMER COX ASSOCIATES LLC
NTEE classification
Public & Societal Benefit N.E.C. (W99)
IRS tax category
Public & Societal Benefit N.E.C.
Revocation date
February 15, 2025

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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