EIN 20-2917301

Southside Business Technology Center

IRS 501(c) type
501(c)(3)
Num. employees
4
City
Danville
Year formed
2005
Most recent tax filings
2023-06-01
Description
Southside Business Technology Center is an innovative start-up hub that invests in Virginia and North Carolina businesses with potential for economic growth in the Dan River Region through pre-seed and seed investment funds. Along with providing investments, TLP also offers business consulting services.
Also known as...
Dba the Launch Place
Total revenues
$2,569,170
2023
Total expenses
$964,361
2023
Total assets
$7,928,122
2023
Num. employees
4
2023

Program areas at Southside Business Technology Center

the Launch place invests in innovative start-ups in Virginia and north carolina with a potential to create economic impact in the dan river region from its pre-seed and seed investment funds. In addition to the investments, tlp provides Business consulting, training, mentoring and office space to entrepreneurs.

Who funds Southside Business Technology Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Danville Regional Foundation (DRF)Entrepreneurial Ecosystem$140,000
NC IdeaEngage Grants$5,000

Personnel at Southside Business Technology Center

NameTitleCompensation
Eva DossPresident and Chief Executive Officer$188,064
Varun SadanaVice President$151,416
Mrs. Regina C. HaynesOffice Manager
Mark FriedmanPortfolio Manager
Kelly FitzgeraldMarketing Consultant$103,809
...and 7 more key personnel

Financials for Southside Business Technology Center

RevenuesFYE 06/2023
Total grants, contributions, etc.$2,175,210
Program services$15,750
Investment income and dividends$178,629
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$196,176
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,405
Total revenues$2,569,170

Form 990s for Southside Business Technology Center

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-05990View PDF
2020-062021-05-20990View PDF
2019-062021-01-27990View PDF
...and 9 more Form 990s
Data update history
August 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 7, 2024
Updated personnel
Identified 1 new personnel
May 18, 2024
Received grants
Identified 2 new grant, including a grant for $140,000 from Danville Regional Foundation (DRF)
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
527 Bridge St 200
Danville, VA 24541
County
Danville city, VA
Website URL
thelaunchplace.org/ 
Phone
(434) 799-5491
IRS details
EIN
20-2917301
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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