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Employer Identification Number 11-3843016

MARTINSVILLE-HENRY COUNTY ECONOMIC is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MARTINSVILLE-HENRY COUNTY ECONOMIC
Employer identification number (EIN):11-3843016
EIN Issuing AuthorityBrookhaven, NY
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementTO EXPAND THE TAX BASE AND PROVIDE JOBS FOR THE MARTINSVILLE/HENRY COUNTY BY ENCOURAGING EXPANSION OF LOCAL BUSINESSES AND INDUSTRIES AND BY RECRUITING NEW BUSINESSES TO LOCATE.
Number of Employees0
Number of Volunteers0
Year Formed2008

Organization Governance

Legal DomicileVA
Voting Members - Governing Body8
Voting Members - Independent8

Organization Financials

2023-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 51,858
Investment Income from current yearUSD $ 54,537
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 1,915,977
Net assets / fund balances at end of fiscal yearUSD $ 5,408,379
Net assets / fund balances at beginning of fiscal yearUSD $ 5,462,965
Total liabilities at end of fiscal yearUSD $ 586,429
Total liabilities at beginning of fiscal yearUSD $ 118,563
Total assets at end of fiscal yearUSD $ 5,994,808
Total assets at beginning of fiscal yearUSD $ 5,581,528
Revenues less expenses for current yearUSD $ -249,586
Revenues less expenses for previous yearUSD $ -211,979
Total expenses for current yearUSD $ 2,165,563
Total expenses for previous yearUSD $ 2,543,940
Other expenses in current yearUSD $ 940,217
Other expenses in previous yearUSD $ 1,138,963
Total fundraising expenses in current yearUSD $ 66,167
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 972,536
Employee salary and benefits paid in previous yearUSD $ 931,977
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 252,810
Grants and similar amounts paid in previous yearUSD $ 473,000
Total revenue in current fiscal yearUSD $ 1,915,977
Total revenue in previous fiscal yearUSD $ 2,331,961
Contributions and grants from current yearUSD $ 1,861,440
Contributions and grants from previous yearUSD $ 2,280,103
Total of other revenueUSD $ 0
2022-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 62,985
Investment Income from current yearUSD $ 51,858
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,331,961
Net assets / fund balances at end of fiscal yearUSD $ 5,462,965
Net assets / fund balances at beginning of fiscal yearUSD $ 5,479,944
Total liabilities at end of fiscal yearUSD $ 118,563
Total liabilities at beginning of fiscal yearUSD $ 1,499,203
Total assets at end of fiscal yearUSD $ 5,581,528
Total assets at beginning of fiscal yearUSD $ 6,979,147
Revenues less expenses for current yearUSD $ -211,979
Revenues less expenses for previous yearUSD $ -129,294
Total expenses for current yearUSD $ 2,543,940
Total expenses for previous yearUSD $ 3,196,054
Other expenses in current yearUSD $ 1,138,963
Other expenses in previous yearUSD $ 1,219,410
Total fundraising expenses in current yearUSD $ 62,214
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 931,977
Employee salary and benefits paid in previous yearUSD $ 967,451
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 473,000
Grants and similar amounts paid in previous yearUSD $ 1,009,193
Total revenue in current fiscal yearUSD $ 2,331,961
Total revenue in previous fiscal yearUSD $ 3,066,760
Contributions and grants from current yearUSD $ 2,280,103
Contributions and grants from previous yearUSD $ 3,003,775
Total of other revenueUSD $ 0
2021-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 58,073
Investment Income from current yearUSD $ 62,985
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,066,760
Net assets / fund balances at end of fiscal yearUSD $ 5,479,944
Net assets / fund balances at beginning of fiscal yearUSD $ 5,414,238
Total liabilities at end of fiscal yearUSD $ 1,499,203
Total liabilities at beginning of fiscal yearUSD $ 675,020
Total assets at end of fiscal yearUSD $ 6,979,147
Total assets at beginning of fiscal yearUSD $ 6,089,258
Revenues less expenses for current yearUSD $ -129,294
Revenues less expenses for previous yearUSD $ -28,095
Total expenses for current yearUSD $ 3,196,054
Total expenses for previous yearUSD $ 2,948,565
Other expenses in current yearUSD $ 1,219,410
Other expenses in previous yearUSD $ 1,328,654
Total fundraising expenses in current yearUSD $ 63,733
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 967,451
Employee salary and benefits paid in previous yearUSD $ 836,228
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 1,009,193
Grants and similar amounts paid in previous yearUSD $ 783,683
Total revenue in current fiscal yearUSD $ 3,066,760
Total revenue in previous fiscal yearUSD $ 2,920,470
Contributions and grants from current yearUSD $ 3,003,775
Contributions and grants from previous yearUSD $ 2,862,397
Total of other revenueUSD $ 0
2018-06-30
Cost sales expenses from gross sales of non-inventory assetsUSD $ 0
Gross income from fundraising eventsUSD $ 0
Direct expenses fromspecial eventsUSD $ 0
Cost of goods soldUSD $ 0
Total revenueUSD $ 0
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 1,660
Investment Income from current yearUSD $ 2,261
Other Revenue from current yearUSD $ 6,119
Gross receipts from all sourcesUSD $ 1,857,459
Net assets / fund balances at end of fiscal yearUSD $ 5,238,264
Net assets / fund balances at beginning of fiscal yearUSD $ 5,204,061
Total liabilities at end of fiscal yearUSD $ 1,858,608
Total liabilities at beginning of fiscal yearUSD $ 731,731
Total assets at end of fiscal yearUSD $ 7,096,872
Total assets at beginning of fiscal yearUSD $ 5,935,792
Revenues less expenses for current yearUSD $ 34,203
Revenues less expenses for previous yearUSD $ 4,878,692
Total expenses for current yearUSD $ 1,823,256
Total expenses for previous yearUSD $ 2,798,537
Other expenses in current yearUSD $ 1,032,233
Other expenses in previous yearUSD $ 1,988,058
Total fundraising expenses in current yearUSD $ 49,551
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 731,910
Employee salary and benefits paid in previous yearUSD $ 774,289
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 59,113
Grants and similar amounts paid in previous yearUSD $ 36,190
Total revenue in current fiscal yearUSD $ 1,857,459
Total revenue in previous fiscal yearUSD $ 7,677,229
Contributions and grants from current yearUSD $ 1,849,079
Contributions and grants from previous yearUSD $ 7,675,569
Total of other revenueUSD $ 6,119
2017-06-30
Total unrelated business incomeUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ 567
Investment Income from current yearUSD $ 1,660
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 7,677,229
Net assets / fund balances at end of fiscal yearUSD $ 5,204,061
Net assets / fund balances at beginning of fiscal yearUSD $ 655,719
Total liabilities at end of fiscal yearUSD $ 731,731
Total liabilities at beginning of fiscal yearUSD $ 762,587
Total assets at end of fiscal yearUSD $ 5,935,792
Total assets at beginning of fiscal yearUSD $ 1,418,306
Revenues less expenses for current yearUSD $ 4,878,692
Revenues less expenses for previous yearUSD $ 40,071
Total expenses for current yearUSD $ 2,798,537
Total expenses for previous yearUSD $ 2,711,353
Other expenses in current yearUSD $ 1,988,058
Other expenses in previous yearUSD $ 1,922,320
Total fundraising expenses in current yearUSD $ 50,421
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 774,289
Employee salary and benefits paid in previous yearUSD $ 789,033
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 36,190
Total revenue in current fiscal yearUSD $ 7,677,229
Total revenue in previous fiscal yearUSD $ 2,751,424
Contributions and grants from current yearUSD $ 7,675,569
Contributions and grants from previous yearUSD $ 2,750,857
Total of other revenueUSD $ 0
2016-06-30
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 0
Program Service Revenue from current yearUSD $ 0
Investment Income from prior yearUSD $ -15,087
Investment Income from current yearUSD $ 567
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 2,751,424
Net assets / fund balances at end of fiscal yearUSD $ 655,719
Net assets / fund balances at beginning of fiscal yearUSD $ 615,648
Total liabilities at end of fiscal yearUSD $ 762,587
Total liabilities at beginning of fiscal yearUSD $ 704,561
Total assets at end of fiscal yearUSD $ 1,418,306
Total assets at beginning of fiscal yearUSD $ 1,320,209
Revenues less expenses for current yearUSD $ 40,071
Revenues less expenses for previous yearUSD $ 4,424
Total expenses for current yearUSD $ 2,711,353
Total expenses for previous yearUSD $ 2,272,260
Other expenses in current yearUSD $ 1,922,320
Other expenses in previous yearUSD $ 1,500,352
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 789,033
Employee salary and benefits paid in previous yearUSD $ 766,908
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 5,000
Total revenue in current fiscal yearUSD $ 2,751,424
Total revenue in previous fiscal yearUSD $ 2,276,684
Contributions and grants from current yearUSD $ 2,750,857
Contributions and grants from previous yearUSD $ 2,291,771

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 113843016

USA Mailing Address
191 FAYETTE ST THIRD FLOOR
MARTINSVILLE
VA
24114
Date first seen: 2007-01-01
Date last seen: 2024-06-30
USA Mailing Address
191 FAYETTE ST THIRD FLOOR
MARTINSVILLE
VA
24112
Date first seen: 2007-01-01
Date last seen: 2024-08-31

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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