Mbc Development Corporation
Mbc Development Corporation is a private foundation, based in CHRISTIANSBURG, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $353K in total assets. In 2024, it made $131K in qualifying distributions. Net investment income was $12K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$353K
+2.0% YoY
Revenue
$12K
+57.0% YoY
Qualifying Distributions
$131K
+99.3% YoY
Expenses
$6K
+2.3% YoY
Under IRS private-foundation payout rules, Mbc Development Corporation reported a distributable amount of $63K for 2024 — the minimum it must pay out in qualifying distributions.
About Mbc Development Corporation
Based on IRS filings
Mbc Development Corporation is a private foundation, based in CHRISTIANSBURG, VA. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $353K in total assets. In 2024, it made $131K in qualifying distributions. Net investment income was $12K.
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $352,812 | $345,997 | $343,573 |
| Revenue | $12,446 | $7,925 | $3,394 |
| Expenses | $5,694 | $5,564 | $5,905 |
| Qualifying Distributions | $130,694 | $65,564 | $110,905 |
| Net Investment Income | $12,446 | $7,925 | $3,394 |
| Distributable Amount | $62,822 | $118,601 | $65,030 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| TOM VIA | PRESIDENT | 1 | — |
| BRAD DENARDO | VICE PRESIDENT | 1 | — |
| BRENDA RIGNEY | SECRETARY/TREASURER | 5 | — |
Frequently Asked Questions
How large is Mbc Development Corporation?
As of 2024, Mbc Development Corporation holds $353K in total assets with $12K in annual revenue.
How much is Mbc Development Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Mbc Development Corporation reported a distributable amount of $63K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Mbc Development Corporation's EIN?
Mbc Development Corporation's EIN (Employer Identification Number) is 54-1392857. IRS Form 990 filing data is available on this page for 2021–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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