VIRGINIA HIGHLANDS SMALL BUSINESS INCUBATOR

Address
851 FRENCH MOORE JR BLVD STE 200
ABINGDON, VA 24210
Contact
Website: http://www.vhsbi.com
Phone: +1 (276) 492-2060
Nonprofit
EIN: 54-1965102
Year formed: 1999

Mission

TO PROVIDE SMALL BUSINESS OFFICE SPACE AND RELATED OFFICE SERVICES
 20172016201520142013
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel   $0.00$0.00
Number of employees00000
Number of people compensated >$100k   00
Number of highly compensated contractors   0 
Personnel
Barnes, Jim
Title DIRECTORDIRECTORDirectorDirector
Name of key/compensated person JIM BARNESJIM BARNESJIM BARNESJIM BARNES
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Belcher, Rusty
Title DIRECTORDIRECTORDirectorDirector
Name of key/compensated person RUSTY BELCHERRUSTY BELCHERRUSTY BELCHERRUSTY BELCHER
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Bundy, Mary
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personMARY GENTRY BUNDYMARY GENTRY BUNDYMARY GENTRY BUNDYMARY GENTRY BUNDYMARY GENTRY BUNDY
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Graham, Mark
TitleDIRECTOR    
Name of key/compensated personMARK GRAHAM    
Position of compensated person
Current individual trustee or directorTrue    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
Hembree, Drew
TitleDIRECTORDIRECTORDIRECTORDirector 
Name of key/compensated personDREW HEMBREEDREW HEMBREEDREW HEMBREEDREW HEMBREE 
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrue 
Average hours per week working for org   0.00 
Reportable compensation from org$0.00$0.00$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00 
Lester, Gary
TitleDIRECTOR    
Name of key/compensated personGARY LESTER    
Position of compensated person
Current individual trustee or directorTrue    
Reportable compensation from org$0.00    
Other comp, non-reportable, from org and related orgs$0.00    
MacIone, Kyle
TitleVICE PRESIDEDIRECTORDIRECTORDirectorDirector
Name of key/compensated personKYLE MACIONEKYLE MACIONEKYLE MACIONEKYLE MACIONEKYLE MACIONE
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrue    
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
McCool, Michael
TitleDIRECTORDIRECTORDIRECTORDirectorDirector
Name of key/compensated personMICHAEL F MCCOOLMICHAEL F MCCOOLMICHAEL F MCCOOLMICHAEL F MCCOOLMICHAEL F MCCOOL
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Moore, French
Title PRESIDENT &PRESIDENT &President & CEOPresident & CEO
Name of key/compensated person FRENCH MOORE JRFRENCH MOORE JRFRENCH MOORE JRFRENCH MOORE JR
Position of compensated person
Current individual trustee or director TrueTrueTrueTrue
Current officer TrueTrueTrue 
Average hours per week working for org   0.000.00
Reportable compensation from org $0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00$0.00$0.00
Phelps, Jack
TitleTREASURERTREASURERTREASURERTreasurerTreasurer
Name of key/compensated personJACK PHELPS JRJACK PHELPS JRJACK PHELPS JRJACK PHELPS JRJACK PHELPS JR
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrue 
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Rogers, Ed
Title    Director
Name of key/compensated person    ED O ROGERS
Position of compensated person
Current individual trustee or director    True
Average hours per week working for org    0.00
Reportable compensation from org    $0.00
Other comp, non-reportable, from org and related orgs    $0.00
Spiegler, Michael
TitlePRESIDENTVICE PRESIDEVICE PRESIDEVice PresidentVice President
Name of key/compensated personMICHAEL SPIEGLERMICHAEL SPIEGLERMICHAEL SPIEGLERMICHAEL SPIEGLERMICHAEL SPIEGLER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrue 
Average hours per week working for org   0.000.00
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO PROVIDE SMALL BUSINESS OFFICE SPACE AND RELATED OFFICE SERVICESTO PROVIDE SMALL BUSINESS OFFICE SPACE AND RELATED OFFICE SERVICESTO PROVIDE SMALL BUSINESS OFFICE SPACE AND RELATED OFFICE SERVICESTO PROVIDE SMALL BUSINESS OFFICE SPACE AND RELATED OFFICE SERVICESTO PROVIDE SMALL BUSINESS OFFICE SPACE AND RELATED OFFICE SERVICES
Program service expenses, total$227,131.00$254,099.00$232,820.00$242,431.00$248,613.00
Programs, including revenue & expense
TO PROVIDE SMALL BUSINESS OFFICE SPACE AND RELATED OFFICE SERVICES
Program expenses$227,131.00$142,596.00 $242,431.00$248,613.00
Program revenue   $306,332.00 
Program descriptionTO PROVIDE SMALL BUSINESS OFFICE SPACE AND RELATED OFFICE SERVICESTO PROVIDE SMALL BUSINESS OFFICE SPACE AND RELATED OFFICE SERVICESTO PROVIDE SMALL BUSINESS OFFICE SPACE AND RELATED OFFICE SERVICESTO PROVIDE SMALL BUSINESSES IN SOUTHWEST VIRGINIA OFFICE SPACE AND RELATED OFFICE SERVICES.TO PROVIDE SMALL BUSINESSES IN SOUTHWEST VIRGINIA OFFICE SPACE AND RELATED OFFICE SERVICES.
Financial data
Revenue
Total revenue, current year$428,174.00$438,300.00$363,426.00$306,627.00$462,084.00
Program service revenue, current year$211,918.00$219,306.00$112,040.00$73,174.00$226,647.00
Investment income, current year$0.00$0.00$0.00$295.00$1,873.00
Total revenue from grants, etc., current year$216,256.00$218,994.00$251,386.00$233,158.00$233,158.00
Total unrelated business revenue    $0.00
Other revenue, current year$0.00$0.00$0.00$0.00$406.00
Program service revenue (total)$211,918.00$219,306.00$112,040.00$73,174.00$226,647.00
Sources of contributions
Revenue from gov't grants$216,256.00$218,994.00$251,386.00$233,158.00$233,158.00
Other types of revenue
Royalties (total)   $0.00$0.00
Miscellaneous revenue (total)   $0.00$406.00
Net revenue from gaming (total)   $0.00$0.00
Investment income   $295.00$1,873.00
Net rental income   $0.00$0.00
Net income from fundraising events   $0.00$0.00
Net inventory sales (total)   $0.00$0.00
Expense categories (totals)
Total expenses, current year$382,973.00$394,377.00$378,992.00$386,170.00$433,053.00
Total functional expenses: program service $227,131.00$254,099.00$232,820.00$242,431.00$248,613.00
Total functional expenses: management and general$155,842.00$140,278.00$146,172.00$143,739.00$184,440.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)   $0.00$0.00
Total functional expenses: legal fees$12,972.00$438.00$12,514.00$2,507.00$0.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)   $0.00$0.00
Investment management fees (total)   $0.00$0.00
Assets and liabilities
Total assets, end of year$3,414,719.00$3,411,087.00$3,372,965.00$3,418,694.00$3,703,348.00
Total assets, beginning of current year$3,411,087.00$3,372,965.00$3,418,694.00$3,703,348.00$3,724,496.00
Total liabilities, end of year$44,970.00$86,539.00$92,340.00$122,503.00$327,614.00
Total liabilities, beginning of year$86,539.00$92,340.00$122,503.00$327,614.00$377,793.00
Pledges & accounts receivable, net   $0.00$0.00
Loans & receivables from key persons   $0.00$0.00
Unrestricted net assets, end of year$3,369,749.00$3,324,548.00$3,280,625.00$3,296,191.00$3,375,734.00
Net assets, end of year$3,369,749.00$3,324,548.00$3,280,625.00$3,296,191.00$3,375,734.00
Net assets, beginning of current year$3,324,548.00$3,280,625.00$3,296,191.00$3,375,734.00$3,346,703.00
Intangible assets   $0.00$0.00
Other assets   $0.00$0.00
Investments: other securities   $0.00$0.00
Investments: publicly traded securities   $0.00$0.00
Cash: non-interest bearing, end of year$426,903.00$310,326.00$207,901.00$135,766.00$310,187.00
Cash: non-interest bearing, beginning of year$310,326.00$207,901.00$135,766.00$310,187.00$220,600.00
Inventories for sale or use, end of year $2,887.00$2,887.00$0.00$0.00
Gross receipts$428,174.00$438,300.00$363,426.00$306,627.00$462,084.00
Revenue less expenses, current year$45,201.00$43,923.00-$15,566.00-$79,543.00$29,031.00
Advertising (total)$3,227.00$1,688.00$1,935.00$0.00$0.00
Savings & temp cash invest   $0.00$0.00
Accounts receivable, net   $5,000.00$1,052.00
Prepaid expenses & deferred charges$2,512.00  $2,845.00$4,005.00
Accounts payable & accrued expenses$29,006.00$53,814.00$43,510.00$35,648.00$93,031.00
Secured mortgages and notes payable, end of year$15,964.00$32,725.00$48,830.00$86,855.00$234,583.00
Total net assets or fund balances, end of year$3,369,749.00$3,324,548.00$3,280,625.00$3,296,191.00$3,375,734.00
Depreciation, depletion, amortization$112,570.00$111,503.00$111,239.00$111,879.00$112,840.00
Payment to affiliates   $0.00$0.00
Governance and accountability
Number of voting members89999
Number of independent voting members89999
Accrual accountingTrueTrueTrueTrueTrue
Financial sheets were auditedTrueTrueTrueTrueTrue
Tax year start date2016-07-012015-07-012014-07-012013-07-012012-07-01
Tax year end date2017-06-012016-06-012015-06-012014-06-012013-06-01
Metadata about the filing
Return type: 990, 990EZ, or 990PF990990990990990
IRS schema version2016v3.12015v2.12014v6.02013v3.12012v2.0
Filing identifier201830319349300118201623269349300107201610439349302791201413579349300806201323119349300732
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