Avista Business Development Corp

  • Weaverville, NC
  • EIN: 56-1326727

Organization summary

Organization summary might be incomplete or out of date

This organization is not listed in the IRS's most recent list of tax exempt organizations, but we have data associated with this Employer Identification Number.

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Details

According to its May 2017 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending May
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$71,339
Expenses
$430,232
Net Income
-$358,893
Net Assets
$0
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $73,309
> 100%
Investment Income $206
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,176
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $145,540
33.8%
Professional Fundraising Fees $0
Other Salaries and Wages $39,950
9.3%
Assets/Debt
Total Assets $0
Total Liabilities $0
Net Assets $0
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert Kendrick (Chief Execut) $193,012 $0 $8,192
Laura Gourlay (Director) $705 $0 $0
Ac Honeycutt Jr (Director) $405 $0 $0
Wes Morgan (Director) $405 $0 $0
T Jeff Covington (Immediate Pa) $390 $0 $0
David Kozak (Chairman) $390 $0 $0
Carol Hensley (Director) $390 $0 $0
Harry Grymes (Director) $375 $0 $0
Bob Tuck (Vice Chairma) $360 $0 $0
Jim Edwards (Director) $330 $0 $0
Rollin Groseclose (Secretary/ T) $315 $0 $0
William Goacher (Director) $255 $0 $0
Kevin Watson (Director) $255 $0 $0
John Menkes (Director) $240 $0 $0
Daniel Hitchcock (Legal Counse) $225 $0 $0
Brad Rogers (Director) $180 $0 $0
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Document Links

990
Filed on Aug. 4, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$255,714
Expenses
$275,667
Net Income
-$19,953
Net Assets
$358,893
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $230,791
90.3%
Investment Income $24,923
9.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $97,236
35.3%
Professional Fundraising Fees $0
Other Salaries and Wages $93,574
33.9%
Assets/Debt
Total Assets $376,273
Total Liabilities $17,380
Net Assets $358,893
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert Kendrick (Ceo, Asst Se) $74,517 $0 $5,961
David Kozak (Chairman) $525 $0 $0
Ac Honeycutt Jr (Director) $480 $0 $0
Carol Hensley (Director) $465 $0 $0
Rollin Groseclose (Secretary/ T) $450 $0 $0
Bob Tuck (Vice Chairma) $450 $0 $0
Harry Grymes (Director) $435 $0 $0
T Jeff Covington (Immediate Pa) $360 $0 $0
Kevin Watson (Director) $330 $0 $0
Laura Gourlay (Director) $300 $0 $0
Jim Edwards (Director) $255 $0 $0
Wes Morgan (Director) $255 $0 $0
Brad Rogers (Director) $255 $0 $0
William Goacher (Director) $195 $0 $0
John Menkes (Director) $0 $0 $0
Daniel Hitchcock (Legal Counse) $0 $0 $0
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Document Links

990
Filed on Sept. 9, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$238,541
Expenses
$235,863
Net Income
$2,678
Net Assets
$378,846
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $228,350
95.7%
Investment Income $10,191
4.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $75,604
32.1%
Professional Fundraising Fees $0
Other Salaries and Wages $78,136
33.1%
Assets/Debt
Total Assets $401,216
Total Liabilities $22,370
Net Assets $378,846
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert Kendrick (Ceo, Asst Se) $74,318 $0 $5,720
David Kozak (Chairman) $405 $0 $0
Carol Hensley (Director) $405 $0 $0
Wes Morgan (Director) $405 $0 $0
Laura Gourlay (Director) $405 $0 $0
T Jeff Covington (Immediate Pa) $330 $0 $0
Rollin Groseclose (Secretary/ T) $330 $0 $0
George Saenger (Legal Counse) $330 $0 $0
Ac Honeycutt Jr (Director) $330 $0 $0
Jim Edwards (Director) $330 $0 $0
Kevin Watson (Director) $330 $0 $0
Bob Tuck (Vice Chairma) $315 $0 $0
Brad Rogers (Director) $240 $0 $0
William Goacher (Director) $0 $0 $0
Harry Grymes (Director) $0 $0 $0
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Document Links

990
Filed on Aug. 28, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$334,389
Expenses
$296,637
Net Income
$37,752
Net Assets
$376,168
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $314,759
94.1%
Investment Income $19,630
5.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $111,706
37.7%
Professional Fundraising Fees $0
Other Salaries and Wages $80,035
27.0%
Assets/Debt
Total Assets $386,918
Total Liabilities $10,750
Net Assets $376,168
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Robert Kendrick (Ceo, Asst Se) $136,652 $0 $22,088
Carol Hensley (Director) $2,060 $0 $0
T Jeff Covington (Chairman) $420 $0 $0
Rollin Groseclose (Secretary/ T) $405 $0 $0
Brad Rogers (Immdt Past C) $360 $0 $0
David Kozak (Vice Chairma) $345 $0 $0
Ac Honeycutt Jr (Director) $345 $0 $0
James Edwards (Director) $345 $0 $0
Tim Richards (Director) $345 $0 $0
Laura Gourlay (Director) $330 $0 $0
Florence Scarborough (Director) $300 $0 $0
Bob Tuck (Director) $285 $0 $0
Wes Morgan (Director) $240 $0 $0
Kevin Watson (Director) $240 $0 $0
George Saenger (Legal Counse) $225 $0 $0
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Document Links

990
Filed on Sept. 2, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$338,311
Expenses
$318,869
Net Income
$19,442
Net Assets
$338,416
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $337,009
99.6%
Investment Income $1,302
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $114,891
36.0%
Professional Fundraising Fees $0
Other Salaries and Wages $90,512
28.4%
Assets/Debt
Total Assets $348,336
Total Liabilities $9,920
Net Assets $338,416

Document Links

990
Filed on Sept. 26, 2013

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$327,521
Expenses
$341,912
Net Income
-$14,391
Net Assets
$318,974
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $324,995
99.2%
Investment Income $2,526
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $136,658
40.0%
Professional Fundraising Fees $0
Other Salaries and Wages $61,362
17.9%
Assets/Debt
Total Assets $504,668
Total Liabilities $185,694
Net Assets $318,974

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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