VIRGINIA'S GROWTH ALLIANCE INC

EIN: 884260980 501(c)(3)

ALBERTA, VA

Total Revenue
$225,214
Total Expenses
$227,823
Total Assets
$244,671
Net Assets
$232,593
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Financial Trends

Organization Details

Formation Year
2022
Principal Officer
DAVID W DENNY
Phone
4349552252
Tax Period
2023-07-01 to 2024-06-30

VIRGINIA'S GROWTH ALLIANCE INC, founded in 2022, is a small nonprofit that reported $225K in total revenue in fiscal year 2023.

Mission

VIRGINIA'S GROWTH ALLIANCE, INC. IS FORMED EXCLUSIVELY FOR CHARITABLE PURPOSES TOWARD ACHIEVING THE GOALS OF ECONOMIC DEVELOPMENT. THE PURPOSES OF THE CORPORATION INCLUDE, BUT ARE NOT LIMITED TO (1) PROMOTING SOCIAL WELFARE BY PROVIDING ECONOMIC OPPORTUNITIES FOR NEW BUSINESSES, NEW EMPLOYMENT AND EXPANDING AND SUPPORTING EXISTING BUSINESSES IN THE CORPORATION'S GEOGRAPHICAL AREA. (2) PROMOTING BUSINESS LOCATION INTO AND RELOCATION WITHIN THE CORPORATION'S GEOGRAPHICAL AREA AND ITS MEMBERS' LOCALITIES. (3) ENGAGING IN PROGRAMS TO COUNTER UNEMPLOYED AND UNDEREMPLOYED SITUATIONS AND TO ADDRESS ECONOMICALLY BLIGHTED AREAS. VGA HELPS PROMOTE REVOLVING LOAN FUND AND OTHER FUNDING PROGRAMS AVAILABLE TO SMALL BUSINESS/MICROENTERPRISES. (4) ENGAGING IN SUCH PURSUITS AS MAY BE NECESSARY OR INCIDENTAL, OR WHICH MY AID AND ASSIST, IN CARRYING OUT THE CORPORATION'S PURPOSE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $225,134
Program Service Revenue $0
Investment Income $80
Other Revenue $0
TOTAL REVENUE $225,214

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $219,075
Other Expenses $227,823
TOTAL EXPENSES $227,823

Year-over-Year Comparison

2023 2022 Change
Revenue $225,214 $221,929 +0.0%
Expenses $227,823 $215,463 +0.1%
Net Income $-2,609 $6,466 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM JOHNSON CHAIRMAN 2.00
Officer Director
$0 $0 $0
DR CHARLOTTE WOOLRIDGE VICE CHAIRMA 2.00
Officer Director
$0 $0 $0
WALT BAILEY SECRETARY 2.00
Officer Director
$0 $0 $0
ANGIE KELLETT TREASURER 2.00
Officer Director
$0 $0 $0
DAVID W DENNY EXECUTIVE DI 2.00
Officer
$0 $0 $0
GLENDA J GILLIAM DIRECTOR 2.00
Director
$0 $0 $0
LESLIE WEDDINGTON DIRECTOR 2.00
Director
$0 $0 $0
MONICA ELDER DIRECTOR 2.00
Director
$0 $0 $0
DALE TEMPLE DIRECTOR 2.00
Director
$0 $0 $0
BELINDA ASTROP DIRECTOR 2.00
Director
$0 $0 $0
MIKE HANKINS DIRECTOR 2.00
Director
$0 $0 $0
TAYLOR KING DIRECTOR 2.00
Director
$0 $0 $0
ALEX GOTTSCHALK DIRECTOR 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $225,214 $227,823 $244,671 $-2,609
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