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Virginias Heartland Regional Economic Development Alliance

EIN 33-1555458 · Keysville, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak28 out of 100GovernanceFair65 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • Only 2% of its spending went to programs.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

TO NBSP;PROVIDE NBSP;ACCESS NBSP;TO NBSP;ECONOMIC NBSP;DEVELOPMENT NBSP;OPPORTUNITIES NBSP;DIRECTED NBSP;TO NBSP;THE NBSP;NEEDS NBSP;OF NBSP;THIS NBSP;REGION NBSP;THROUGH NBSP;RETENTION NBSP;EXPANSION NBSP;OF NBSP;EXISTING NBSP;BUSINESSES NBSP;AND NBSP;STARTUP NBSP;BUSINESSES NBSP;ATTRACTING NBSP;NEW NBSP;BUSINESSES NBSP;AND NBSP;BUILD NBSP;THE NBSP;REGION APOS;S NBSP;ABILITY NBSP;TO NBSP;ADVANCE NBSP;IT APOS;S NBSP;ECONOMIC NBSP;DEVELOPMENT

Income
$245,437
Spending
$219,726
Spent on programs
2%
Reserves
0 months of spending
Largest source of income
fees for its services, 100%
Employees
1
Highest pay
$24,757, executive director

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 28 out of 100. Higher than 8% of charities in its peer group (community improvement, under $250k).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.0 months of spending.

  • Debt

    5 of 20

    It owes 50% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 10% of income.

  • Spending floor

    0 of 15

    2% of spending went to programs.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 65 out of 100. Higher than 51% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    13 of 13 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $219,726 spent. RETAINED PROFESSIONAL CONSULTING GROUP TO DEVELOP AND IMPLEMENT THE INITIAL INVESTOR MEMBERSHIP CAMPAIGN FOR PROGRAM SERVICES REVENUE. OBTAINED PROFESSIONAL HELP WITH THE COMPLETION AND SUBMISSION OF THE ORGANIZATIONS EXEMPTION STATUS APPLICATION. PURCHASE OF SITE SELECTION SOFTWARE USING GIS LATEST COMMERCIAL REAL ESTATE INCOME POPULATION DEMOGRAPHICS AND LABOR DATA.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.