Blue Ridge Innovation Corridor
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO UNITE BUSINESS LEADERS ACROSS SOUTHERN VIRGINIA FROM DANVILLE TO MARTINSVILLE THROUGH ROANOKE AND BLACKSBURG AND THE COUNTIES IN BETWEEN, TO DRIVE INCLUSIVE, INNOVATION-DRIVEN GROWTH AT A REGIONAL SCALE.
- Income
- $837,000
- Spending
- $548,588
- Spent on programs
- 79%
- Reserves
- 6.3 months of spending
- Largest source of income
- donations and private grants, 88%
- Employees
- 0
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 92 out of 100. Higher than 77% of charities in its peer group (community improvement, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 6.3 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
15 of 15Income exceeded spending by 34% of income.
Spending floor
15 of 1579% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 75 out of 100. Higher than 47% of charities in its peer group (community improvement, $250k to $1m).
Independent board
25 of 2553 of 53 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 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 (3)
- $186,639 spent. MEGAREGIONAL LEADERSHIP, CONVENING, GOVERNANCE, AND STAKEHOLDER EDUCATION BRIC BUILT AND CONVENED A BOARD OF MORE THAN 50 SENIOR BUSINESS LEADERS ACROSS THE MEGAREGION TO STRENGTHEN SHARED UNDERSTANDING, PRIORITY ALIGNMENT, AND COLLABORATION. ACTIVITIES INCLUDED A FIRST QUARTERLY BOARD MEETING, AN EXECUTIVE COMMITTEE MEETING EVERY TWO WEEKS, DIRECTOR AND STAKEHOLDER EDUCATION ON REGIONAL ECONOMIC ISSUES, PARTNER ALIGNMENT AROUND SHARED OUTCOMES, AND PUBLIC-FACING GOVERNANCE AND MEETING MATERIALS TO SUPPORT TRANSPARENCY, ACCOUNTABILITY, AND SUSTAINED MEGAREGIONAL COORDINATION.
- $145,000 spent. STRATEGIC RESEARCH AND INFRASTRUCTURE INVESTMENT ANALYSIS BRIC CONDUCTED STRATEGIC RESEARCH AND INFRASTRUCTURE INVESTMENT ANALYSIS TO HELP REGIONAL LEADERS UNDERSTAND THE MEGAREGIONS ECONOMIC POSITION, SHARED OPPORTUNITIES, AND INVESTMENT NEEDS. ANALYSIS COVERED GROWTH TRENDS, REAL GDP GROWTH, INDUSTRIAL SITE AVAILABILITY, ADVANCED MANUFACTURING PERFORMANCE, AND INFRASTRUCTURE PRIORITIES SUCH AS ROUTE 220 IMPROVEMENT. FINDINGS EDUCATED THE BOARD AND KEY REGIONAL STAKEHOLDERS ON MEGAREGIONAL OPPORTUNITIES, INFRASTRUCTURE NEEDS, AND POTENTIAL INVESTMENT PRIORITIES.
- $100,000 spent. VISION 2050 PLANNING AND RESOURCE DEVELOPMENT BRIC PREPARED FOR VISION 2050, ITS SIGNATURE LONG-RANGE STRATEGIC PLANNING INITIATIVE FOR THE MEGAREGION, BY DEVELOPING A PROCESS TO IDENTIFY SHARED PRIORITIES, ALIGN PUBLIC AND PRIVATE INVESTMENT, AND CREATE A UNIFIED IMPLEMENTATION PLAYBOOK. BRIC DEVELOPED THE INITIAL VISION 2050 FRAMEWORK, RAISED INITIAL FUNDING, PURSUED GRANTS, LAUNCHED COMMUNICATIONS AND STAKEHOLDER ENGAGEMENT, AND BEGAN BUILDING THE RESEARCH DATABASE AND META- ANALYSIS. BRIC BEGAN THE INITIAL STEPS OF FORMING A STEERING COMMITTEE OF LOCAL CIVIC, INSTITUTIONAL, PHILANTHROPIC, AND PUBLIC-SECTOR LEADERS TO SUPPORT REGIONWIDE INPUT, ALIGNMENT, AND ACCOUNTABILITY.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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.
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 November 6, 2026.
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.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 4, 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.