Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1993.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
82 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
12 people listed on the 990; $65K paid to officers and key staff.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Byron Steward | $71,800 | $71,800 | $68,800 | $65,000 | $65,000 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Helps people start businesses through counseling and education.
Questions for Business Development Centre INC
Your first name shows with your question. Business Development Centre INC answers here, for everyone.
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Business Development Centre
During this period assisted 13 companies by providing facilities with 270 hours of counseling and education
Technical and Management Assistance
Provided technical assistance and training to 135 individuals for developing small business and provided gap financing
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.1M | $1.6M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $2.0M | $2.0M |
| LiabilitiesLn 26 | $1.5M | $1.5M |
| Net assetsLn 32 | $550K | $575K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $65K | $49K | $16K | |
| Other salaries and wagesLn 7 | $25K | $19K | $6K | |
| Payroll taxesLn 10 | $6K | $5K | $2K | |
| Accounting feesLn 11c | $18K | $18K | ||
| Advertising and promotionLn 12 | $10 | $10 | ||
| Office expensesLn 13 | $13K | $9K | $3K | |
| OccupancyLn 16 | $61K | $61K | ||
| Other expenses (24a–d)Ln 24 | $56K | $56K | ||
| All other expensesLn 24e | $535 | $535 | ||
| Total functional expensesLn 25 | $245K | $200K | $45K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $317K | $259K | $58K | $722K | 990 PDF |
| FY2024 | $310K | $247K | $63K | $664K | 990 PDF |
| FY2023 | $281K | $256K | $26K | $601K | 990 PDF |
| FY2022 Viewing | $271K | $245K | $26K | $575K | 990 PDF |
| FY2021 | $310K | $260K | $51K | $550K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $270,972 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, no flags
Part VIII · Statement of revenue $270,972 across 4 lines filed
Part IX · Statement of functional expenses $245,268 across 9 lines filed
Part X · Balance sheet $2,049,748 assets, 10 lines filed
Part XI · Reconciliation of net assets $575,459 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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