{"success":true,"data":{"_id":842208618,"filings":[{"Organization":{"value":null,"Person":["THOMAS DERISO","JEREMY SATTERFIELD","MARK VARAH","PHILLIP LLOYD"],"Title":["CHAIRMAN","VICE CHAIR","SECRETARY","TREASURER"],"Hours":[1.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0],"Direct compensation":[0,0,0,0],"Other compensation":[0,0,0,0]},"Basic":{"value":null,"mission":"To promote economic development and encourage innovation for the benefit of the communities and citizens of southern virginia by offering impactful programming for digital skills education and workforce training.","year":2020,"name":"SOVA INNOVATION HUB CORPORATION","phone":4345701301,"website":"HTTPS://SOVAINNOVATIONHUB.COM/","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"THOMAS DERISO","year_formation":2019,"state_legal_domicile":"VA","total_volunteers":null,"tax_period_begin":"2020-07-01T00:00:00","tax_period_end":"2021-06-30T00:00:00","address":"715 WILBORN AVE, SOUTH BOSTON, VA, 24592, USA","city":"SOUTH BOSTON","state":"VA","country":"USA","zip_code":24592},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":3,"Number of independent voting members":3,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":null,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":961279,"Contributions":{"value":929772,"Other contributions":929389,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":383,"Related organizations":0},"Program revenue":{"value":0,"Total revenue":0,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":31507,"Other total":31507,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":395340,"Grant expense":{"value":5432,"Grants to domestic orgs":5432,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":389908,"Management services":146689,"Legal":3024,"Accounting":775,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":15892,"Office expenses":5888,"Information technology":3592,"Royalties":0,"Occupancy":97500,"Travel":0,"Conferences and meetings":383,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":7914,"Insurance":3541,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":104710,"GENER8TOR UPSKILLING PROG":100000,"CONFERENCES":2950,"DUES & SUBSCRIPTIONS":1575,"EQUIPMENT RENTAL & MAINT":185},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":109015,"Management And General Expenses":286325,"Fundraising Expenses":0}},"Assets":{"value":798105,"Non-interest bearing cash":659662,"Savings and temp cash investments":0,"Pledges and grants receivable":383,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":138060,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":4958,"Sum of Total Liabilities":0,"Accounts payable, accrued":4958,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":793147,"Net assets without donor restriction":147990,"Net assets with donor restriction":645157,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.2757499873526585,"percentile":0.4555329767265755},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.5887354243669112,"percentile":0.9397133988182231},"Liabilities to Assets Ratio":{"score":0.006212215184718803,"percentile":0.520548503604361},"Operating Reserve Ratio":{"score":2.0187813021702836,"percentile":0.6185074386769165},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6956883840038383,"percentile":0.84147754282022}},"source_xml":"202230489349301148_public.xml"},{"Organization":{"value":null,"Person":["THOMAS DERISO","JEREMY SATTERFIELD","PHILLIP LLOYD"],"Title":["CHAIRMAN","VICE CHAIR","TREASURER"],"Hours":[1.0,1.0,1.0],"Total Compensation":[0,0,0],"Direct compensation":[0,0,0],"Other compensation":[0,0,0]},"Basic":{"value":null,"mission":"To promote economic development and encourage innovation for the benefit of the communities and citizens of southern virginia by offering impactful programming for digital skills education and workforce training.","year":2022,"name":"SOVA INNOVATION HUB CORPORATION","phone":4345701301,"website":"HTTPS://SOVAINNOVATIONHUB.COM/","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"THOMAS DERISO","year_formation":2019,"state_legal_domicile":"VA","total_volunteers":null,"tax_period_begin":"2022-07-01T00:00:00","tax_period_end":"2023-06-30T00:00:00","address":"715 WILBORN AVE, SOUTH BOSTON, VA, 24592, USA","city":"SOUTH BOSTON","state":"VA","country":"USA","zip_code":24592},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":3,"Number of independent voting members":3,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":null,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":716186,"Contributions":{"value":642352,"Other contributions":347234,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":295118,"Related organizations":0},"Program revenue":{"value":73834,"Total revenue":{"value":73834,"COWORKING SPACE":50419,"RENTAL INCOME":23415},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":750265,"Grant expense":{"value":73600,"Grants to domestic orgs":73600,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":676665,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":76448,"Office expenses":7098,"Information technology":10909,"Royalties":0,"Occupancy":213613,"Travel":1358,"Conferences and meetings":7482,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":26062,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":333540,"COMMUNITY PROGRAMS":309750,"PROFESSIONAL FEES":18125,"EQUIPMENT RENTAL & MAINT":3768,"DUES & SUBSCRIPTIONS":1897},"All other expenses":155},"Functional Expenses":{"value":null,"Program Service Expenses":428512,"Management And General Expenses":321753,"Fundraising Expenses":0}},"Assets":{"value":1615558,"Non-interest bearing cash":717131,"Savings and temp cash investments":0,"Pledges and grants receivable":166777,"Accounts receivable":897,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":2530,"Land, building, equipment":145859,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":493438,"Other assets":88926},"Liabilities":{"value":524955,"Sum of Total Liabilities":0,"Accounts payable, accrued":8998,"Grants payable":0,"Deferred, revenue":12768,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":503189},"Fund balance":{"value":1090603,"Net assets without donor restriction":234534,"Net assets with donor restriction":856069,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.5711475278734847,"percentile":0.4884504926167901},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.047584007506429896,"percentile":0.2890072898593937},"Liabilities to Assets Ratio":{"score":0.32493726625723124,"percentile":0.19160468214599996},"Operating Reserve Ratio":{"score":2.1533164948384904,"percentile":0.6350736693451171},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":0.6967596468109069,"percentile":0.9614644717528091},"Revenue Growth":{"score":0.19968382862080608,"percentile":0.8962409126248547},"Asset Growth":{"score":0.4750642311545042,"percentile":0.9691563397944447},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6383940215842264,"percentile":0.7122716399923766}},"source_xml":"202401369349307370_public.xml"},{"Organization":{"value":null,"Person":["THOMAS DERISO","JEREMY SATTERFIELD","MARK VARAH","PHILLIP LLOYD"],"Title":["CHAIRMAN","VICE CHAIR","SECRETARY","TREASURER"],"Hours":[1.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0],"Direct compensation":[0,0,0,0],"Other compensation":[0,0,0,0]},"Basic":{"value":null,"mission":"To promote economic development and encourage innovation for the benefit of the communities and citizens of southern virginia by offering impactful programming for digital skills education and workforce training.","year":2019,"name":"SOVA INNOVATION HUB CORPORATION","phone":4345701301,"website":"HTTPS://SOVAINNOVATIONHUB.COM/","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"THOMAS DERISO","year_formation":2019,"state_legal_domicile":"VA","total_volunteers":null,"tax_period_begin":"2019-07-01T00:00:00","tax_period_end":"2020-06-30T00:00:00","address":"1100 CONFROY DRIVE SUITE 4, SOUTH BOSTON, VA, 24592, USA","city":"SOUTH BOSTON","state":"VA","country":"USA","zip_code":24592},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":3,"Number of independent voting members":3,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":null,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":227500,"Contributions":{"value":227500,"Other contributions":227500,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":0},"Program revenue":{"value":0,"Total revenue":0,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":292,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":292,"Management services":0,"Legal":267,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":25,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":0,"Insurance":0,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":0,"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":0,"Management And General Expenses":292,"Fundraising Expenses":0}},"Assets":{"value":227475,"Non-interest bearing cash":227475,"Savings and temp cash investments":0,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":0,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":267,"Sum of Total Liabilities":0,"Accounts payable, accrued":267,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":227208,"Net assets without donor restriction":24708,"Net assets with donor restriction":202500,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.0,"percentile":0.4421253816471043},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.9987164835164836,"percentile":0.9951400937375361},"Liabilities to Assets Ratio":{"score":0.001173755357731619,"percentile":0.5666616276078154},"Operating Reserve Ratio":{"score":779.0239726027397,"percentile":0.9976339152821224},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.737985296098132,"percentile":0.9033540030833638}},"source_xml":"202043289349300129_public.xml"},{"Organization":{"value":null,"Person":["THOMAS DERISO","JEREMY SATTERFIELD","MARK VARAH","PHILLIP LLOYD"],"Title":["CHAIRMAN","VICE CHAIR","SECRETARY","TREASURER"],"Hours":[1.0,1.0,1.0,1.0],"Total Compensation":[0,0,0,0],"Direct compensation":[0,0,0,0],"Other compensation":[0,0,0,0]},"Basic":{"value":null,"mission":"To promote economic development and encourage innovation for the benefit of the communities and citizens of southern virginia by offering impactful programming for digital skills education and workforce training.","year":2021,"name":"SOVA INNOVATION HUB CORPORATION","phone":4345701301,"website":"HTTPS://SOVAINNOVATIONHUB.COM/","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"THOMAS DERISO","year_formation":2019,"state_legal_domicile":"VA","total_volunteers":null,"tax_period_begin":"2021-07-01T00:00:00","tax_period_end":"2022-06-30T00:00:00","address":"715 WILBORN AVE, SOUTH BOSTON, VA, 24592, USA","city":"SOUTH BOSTON","state":"VA","country":"USA","zip_code":24592},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":3,"Number of independent voting members":3,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":null,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":890987,"Contributions":{"value":828294,"Other contributions":640650,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":187644,"Related organizations":0},"Program revenue":{"value":0,"Total revenue":0,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":62693,"Other total":62693,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":584357,"Grant expense":{"value":11500,"Grants to domestic orgs":11500,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":572857,"Management services":0,"Legal":6963,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":39006,"Office expenses":7961,"Information technology":0,"Royalties":0,"Occupancy":197925,"Travel":0,"Conferences and meetings":8680,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":17307,"Insurance":4242,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":290773,"COMMUNITY PROGRAMS":277547,"PROFESSIONAL FEES":12036,"DUES & SUBSCRIPTIONS":1035,"CORPORATE FEES":155},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":323768,"Management And General Expenses":260589,"Fundraising Expenses":0}},"Assets":{"value":1222252,"Non-interest bearing cash":820841,"Savings and temp cash investments":0,"Pledges and grants receivable":193614,"Accounts receivable":2848,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":166003,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":0,"Other assets":38946},"Liabilities":{"value":97570,"Sum of Total Liabilities":0,"Accounts payable, accrued":85862,"Grants payable":0,"Deferred, revenue":11708,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":0},"Fund balance":{"value":1124682,"Net assets without donor restriction":205298,"Net assets with donor restriction":919384,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.5540585635151115,"percentile":0.48483582125623326},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.3441464353576427,"percentile":0.8598021187039135},"Liabilities to Assets Ratio":{"score":0.07982805509829397,"percentile":0.3470328136957523},"Operating Reserve Ratio":{"score":2.0916186509274297,"percentile":0.627725226185614},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":1.1221605284865626,"percentile":0.9885167193515687},"Revenue Growth":{"score":0.478530036552189,"percentile":0.9786850011380653},"Asset Growth":{"score":0.663824298257165,"percentile":0.9869486240852163},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.7587586180095471,"percentile":0.9260714629259399}},"source_xml":"202331259349302333_public.xml"},{"Organization":{"value":null,"Person":["THOMAS DERISO","JEREMY SATTERFIELD","PHILLIP LLOYD"],"Title":["CHAIRMAN","VICE CHAIR","TREASURER"],"Hours":[1.0,1.0,1.0],"Total Compensation":[0,0,0],"Direct compensation":[0,0,0],"Other compensation":[0,0,0]},"Basic":{"value":null,"mission":"To promote economic development and encourage innovation for the benefit of the communities and citizens of southern virginia by offering impactful programming for digital skills education and workforce training.","year":2023,"name":"SOVA INNOVATION HUB CORPORATION","phone":4345701301,"website":"HTTPS://SOVAINNOVATIONHUB.COM/","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"THOMAS DERISO","year_formation":2019,"state_legal_domicile":"VA","total_volunteers":null,"tax_period_begin":"2023-07-01T00:00:00","tax_period_end":"2024-06-30T00:00:00","address":"715 WILBORN AVE, SOUTH BOSTON, VA, 24592, USA","city":"SOUTH BOSTON","state":"VA","country":"USA","zip_code":24592},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":3,"Number of independent voting members":3,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":null,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":502048,"Contributions":{"value":429398,"Other contributions":374134,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":55264,"Related organizations":0},"Program revenue":{"value":72650,"Total revenue":{"value":72650,"COWORKING SPACE":49235,"RENTAL INCOME":23415},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":511330,"Grant expense":{"value":12000,"Grants to domestic orgs":12000,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":499330,"Management services":0,"Legal":4405,"Accounting":2100,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":64350,"Office expenses":6939,"Information technology":5056,"Royalties":0,"Occupancy":212085,"Travel":2015,"Conferences and meetings":12824,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":26062,"Insurance":3754,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":159740,"COMMUNITY PROGRAMS":152506,"DUES & SUBSCRIPTIONS":6383,"CORPORATE FEES":851},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":208034,"Management And General Expenses":303296,"Fundraising Expenses":0}},"Assets":{"value":1430082,"Non-interest bearing cash":755041,"Savings and temp cash investments":0,"Pledges and grants receivable":14411,"Accounts receivable":12700,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":11748,"Land, building, equipment":119798,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":296063,"Other assets":220321},"Liabilities":{"value":348761,"Sum of Total Liabilities":0,"Accounts payable, accrued":28882,"Grants payable":0,"Deferred, revenue":11958,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":307921},"Fund balance":{"value":1081321,"Net assets without donor restriction":238476,"Net assets with donor restriction":842845,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.4068488060547983,"percentile":0.46492632901806935},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.018488272037733445,"percentile":0.3416249565133566},"Liabilities to Assets Ratio":{"score":0.2438748267581859,"percentile":0.22747991341012366},"Operating Reserve Ratio":{"score":2.7967887665499775,"percentile":0.6970271766291942},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":0.3439376468794917,"percentile":0.8830360899433677},"Revenue Growth":{"score":0.046088993329290485,"percentile":0.589636297818694},"Asset Growth":{"score":0.30440011772991343,"percentile":0.9217352005017344},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6056420000498167,"percentile":0.6219127614824704}},"source_xml":"202510809349300126_public.xml"}],"Latest":{"Organization":{"value":null,"Person":["THOMAS DERISO","JEREMY SATTERFIELD","PHILLIP LLOYD"],"Title":["CHAIRMAN","VICE CHAIR","TREASURER"],"Hours":[1.0,1.0,1.0],"Total Compensation":[0,0,0],"Direct compensation":[0,0,0],"Other compensation":[0,0,0]},"Basic":{"value":null,"mission":"To promote economic development and encourage innovation for the benefit of the communities and citizens of southern virginia by offering impactful programming for digital skills education and workforce training.","year":2023,"name":"SOVA INNOVATION HUB CORPORATION","phone":4345701301,"website":"HTTPS://SOVAINNOVATIONHUB.COM/","type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"THOMAS DERISO","year_formation":2019,"state_legal_domicile":"VA","total_volunteers":null,"tax_period_begin":"2023-07-01T00:00:00","tax_period_end":"2024-06-30T00:00:00","address":"715 WILBORN AVE, SOUTH BOSTON, VA, 24592, USA","city":"SOUTH BOSTON","state":"VA","country":"USA","zip_code":24592},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":3,"Number of independent voting members":3,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":null,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":502048,"Contributions":{"value":429398,"Other contributions":374134,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":55264,"Related organizations":0},"Program revenue":{"value":72650,"Total revenue":{"value":72650,"COWORKING SPACE":49235,"RENTAL INCOME":23415},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":0,"Investment income total":0,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":511330,"Grant expense":{"value":12000,"Grants to domestic orgs":12000,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":499330,"Management services":0,"Legal":4405,"Accounting":2100,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":64350,"Office expenses":6939,"Information technology":5056,"Royalties":0,"Occupancy":212085,"Travel":2015,"Conferences and meetings":12824,"Interest":0,"Payments to affiliates":0,"Depreciation and depletion":26062,"Insurance":3754,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":159740,"COMMUNITY PROGRAMS":152506,"DUES & SUBSCRIPTIONS":6383,"CORPORATE FEES":851},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":208034,"Management And General Expenses":303296,"Fundraising Expenses":0}},"Assets":{"value":1430082,"Non-interest bearing cash":755041,"Savings and temp cash investments":0,"Pledges and grants receivable":14411,"Accounts receivable":12700,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":11748,"Land, building, equipment":119798,"Investments publicly traded":0,"Investments other":0,"Investments program related":0,"Intangible assets":296063,"Other assets":220321},"Liabilities":{"value":348761,"Sum of Total Liabilities":0,"Accounts payable, accrued":28882,"Grants payable":0,"Deferred, revenue":11958,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":0,"Other liabilities":307921},"Fund balance":{"value":1081321,"Net assets without donor restriction":238476,"Net assets with donor restriction":842845,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.4068488060547983,"percentile":0.46492632901806935},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.018488272037733445,"percentile":0.3416249565133566},"Liabilities to Assets Ratio":{"score":0.2438748267581859,"percentile":0.22747991341012366},"Operating Reserve Ratio":{"score":2.7967887665499775,"percentile":0.6970271766291942},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":0.3439376468794917,"percentile":0.8830360899433677},"Revenue Growth":{"score":0.046088993329290485,"percentile":0.589636297818694},"Asset Growth":{"score":0.30440011772991343,"percentile":0.9217352005017344},"Independent Voting Board Pct":{"score":1.0,"percentile":0.9933392423419786},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6056420000498167,"percentile":0.6219127614824704}},"source_xml":"202510809349300126_public.xml"},"sector":"Public, Societal Benefit","donation_categories":[],"zakat_policy":null},"error":null}