NonprofitsStartwheel Corp

Community Improvement & Capacity Building

Startwheel Corp

VIRGINIA BCH, VA

Total revenue

$297K

Total expenses

$267K

Net assets

$64K

Grants received

EIN

474617002

Tax year

2024

Mission

Education of the innovation and entrepreneurial ecosystems in Hampton Roads, Virginia including managing an incubator, hosting Venture Out events, a weekly podcast, a calendar of events, and hosting the Virginia StartUp World Cup

Programs

1 program

Startup Incubator and Support: IHR manages the REaKTOR Technology Innovation Center, a hub for technology-driven startups in Hampton Roads, Virginia, providing office/lab space, mentorship, and funding support. From June to December 2024, the incubator onboarded five new companies, surpassing the goal of three, and supported a portfolio of 16 companies employing a staff of 91. The program facilitated $9.185 million in grants, investments and commitments for 7 client companies, created 24 new jobs, recruited seven professional service providers and introduced four investors.

Expenses: $159KGrants: $158K

Financials

FY 2024

Revenue

Contributions & grants$139K
Program service revenue$158K
Investment income
Other revenue
Total revenue$297K

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$267K
Total expenses$267K
Total assets$111K
Net assets$64K

People

15 listed

NameRoleCompensation

Paul Hirschbiel

Chairman

Board

15 hrs/wk

Tom Marsden

Vice Chairman

Board

10 hrs/wk

Jolie Spiers

Director

Board

2 hrs/wk

Alan Hagerman

Director

Board

2 hrs/wk

Nancy Grden

Director

Board

2 hrs/wk

Paul Nolde

Director

Board

2 hrs/wk

Mark Johnson

Director

Board

2 hrs/wk

John Paris

Director

Board

2 hrs/wk

AK Schultz

Director

Board

2 hrs/wk

Blair Durham

Director

Board

2 hrs/wk

Kevin Leslie

Director

Board

2 hrs/wk

Toi Hunter

Director

Board

2 hrs/wk

Derrick Williams

Director

Board

2 hrs/wk

Conaway Haskins

Director

Board

2 hrs/wk

John Finguerra

Director

Board

2 hrs/wk

Independent contractors

Tim Ryan

Independent Contractor acting as Executive Director

$120K

Details

EIN474617002
NTEE codeS30
Subsection03
Ruling date2015-08
Formed2015
Employees0
Volunteers25
STARTWHEEL CORP — Mission, Financials & Grants Received | Grantivo