Blue Ridge Innovation Corridor

Nonprofit profile at a glance

EIN
994309531
IRS 990 coverage
2025–2025
Forms available
Form 990 2025
Location
Richmond, VA, USA
Phone
8043700600
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Economic Development

Reported finances

Revenue
$837,000
Expenses
$548,588
Assets
$289,145
Liabilities
$733

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

54 people listed

People named in this filing

  • EDDIE AMOS (DIRECTOR)
  • ROBERT A ARCHER (DIRECTOR)
  • STEVE ARNER (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2025

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.

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 64
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51.6%; rating input score 52
  • Program expense ratio: 78.7%; rating input score 79
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 34.5%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 0.53; rating input score 26; 26th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 51.6% of revenue deployed · 78.7% of spending went to programs
  • Governance: 53 of 53 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $432K in reported program spending
  • Leadership: top reported pay $0 · 54 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 26/100.