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AND IN TURN PROVIDING THE FACILITY TO LOCAL BUSINESS ORGANIZATIONS AT NO COST IN AN EFFORT TO FURTHER THE MISSION OF EXPANDING BUSINESS IN THE MARTINSVILLE/HENRY COUNTY AREA TO IN TURN PROVIDE JOBS AND EXPAND THE TAX BASE IN THIS ECONOMICALLY DEPRESSED AREA."}},"ScheduleB":{"attached":true,"required":true},"ScheduleD":{"land_buildings_equipment":{"leasehold_improvements":{"other_cost_or_other_basis":66647,"book_value":44974,"depreciation":21673},"equipment":{"other_cost_or_other_basis":434101,"book_value":139814,"depreciation":294287},"total_book_value":184788}},"ScheduleI":{"grant_records_maintained":true,"reported_domestic_org_grants":378000,"reported_domestic_individual_grants":0,"reported_domestic_org_grants_program_services":378000,"total_501c3_and_government_organizations":1,"total_other_organizations":4,"grants":[{"cash":150000,"noncash":0,"purpose":"BUILDING IMPROVEMENTS","address_line1":"1131 Mica Rd","city":"RIDGEWAY","state":"VA","zip":"24148","name":"Advanced Revert LLC","address":"1131 Mica Rd, RIDGEWAY, VA, 24148"},{"cash":18000,"noncash":0,"purpose":"SMITH RIVER FEST; HENRY COUNTY FAIR","address_line1":"PO BOX 7","city":"COLINSVILLE","state":"VA","zip":"24078","name":"HENRY COUNTY PARKS & REC","address":"PO BOX 7, COLINSVILLE, VA, 24078"},{"cash":20000,"noncash":0,"purpose":"SPEEDWAY SPONSORSHIP","address_line1":"340 SPEEDWAY RD","city":"RIDGEWAY","state":"VA","zip":"24148","name":"MARTINSVILLE INTERNATIONAL L","address":"340 SPEEDWAY RD, RIDGEWAY, VA, 24148"},{"cash":0,"noncash":182500,"purpose":"LEASE COMMONWEALTH CENTRE","noncash_description":"IN-KIND RENT","valuation_method":"FAIR VALUE","address_line1":"COMMONWEALTH CROSSING 1000","city":"RIDGEWAY","state":"VA","zip":"24148","name":"PRESS GLASS","address":"COMMONWEALTH CROSSING 1000, RIDGEWAY, VA, 24148"},{"cash":7500,"noncash":0,"purpose":"MUSIC FESTIVAL","address_line1":"PO BOX 601","city":"MARTINSVILLE","state":"VA","zip":"24114","name":"ROOSTER WALK","address":"PO BOX 601, MARTINSVILLE, VA, 24114"}],"total_domestic_grants":378000,"total_domestic_program_services":378000,"detail_org_grants_total":378000,"detail_domestic_grants_total":378000,"supplemental_information":[{"form_and_line_reference":"Grantmaker's Description of How Grants are Used","explanation":"MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT AUTHORITY REQUIRES GRANT RECIPIENTS TO PROVIDE PROGRESS REPORTS TOWARD GRANT REQUIRMENENTS AS WELL AS REPORTINGS SHOWING THAT GRANT REQUIREMENTS/GOALS HAVE BEEN MET."}],"grant_monitoring":{"claims_monitoring_procedures":true,"requires_financial_reports":false,"requires_narrative_reports":true,"conducts_site_visits":false,"conducts_field_audits":false,"requires_grant_agreements":false,"may_suspend_future_funding":false,"may_require_repayment":false,"monitoring_description":"MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT AUTHORITY REQUIRES GRANT RECIPIENTS TO PROVIDE PROGRESS REPORTS TOWARD GRANT REQUIRMENENTS AS WELL AS REPORTINGS SHOWING THAT GRANT REQUIREMENTS/GOALS HAVE BEEN MET.","form_and_line_reference":"Grantmaker's Description of How Grants are Used"}},"ScheduleF":{"reported_foreign_grants":0},"ScheduleJ":{"compensation_process":{"board_or_committee_approval":true},"compensation_arrangements":{"compensation_based_on_revenue_filing_org":false,"compensation_based_on_revenue_related_orgs":false,"compensation_based_on_net_earnings_filing_org":false,"compensation_based_on_net_earnings_related_orgs":false,"nonfixed_payments":false,"initial_contract_exception":false,"severance_payment":false,"supplemental_nonqualified_retirement_plan":false,"equity_based_compensation_arrangement":false},"compensation":[{"person_name":"MARK HEATH","title":"President & CEO","base_compensation_filing_org":272034,"bonus_filing_org":30000,"deferred_compensation_filing_org":35806,"nontaxable_benefits_filing_org":18363,"other_compensation_filing_org":12261,"total_compensation_filing_org":368464,"name":"MARK HEATH"}]},"ScheduleL":{"business_transactions_involving_interested_persons":[{"person_name":"MARK HEATH","relationship":"OFFICER","description":"NMTC TRANSACTIONS","sharing_of_revenues":false,"name":"MARK HEATH"}],"supplemental_information":[{"form_and_line_reference":"Schedule L, Part V Supplemental Information","explanation":"MARK HEATH IS THE PRESIDENT/CEO OF MARTINSVILLE-HENRY COUNTY ECONOMIC DEVELOPMENT CORPORATION AND IS ALSO THE PRESIDENT OF CCAT, INC. CCAT, INC. 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