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Nonprofiteer
← STARTUP VIRGINIA

Form 990 for tax year 2023

Filed by STARTUP VIRGINIA.

Totals

Total revenue
$1,032,483
Total expenses
$938,746
Contributions and grants received
$582,558
Grants paid
$0
Program service revenue
$422,896
Investment income
$27,029
Other revenue
$0
Total assets, end of year
$1,652,744
Total liabilities, end of year
$506,127
Net assets or fund balances, end of year
$1,146,617
Program services expenses (Part IX)
$655,418
Management and general expenses
$154,578
Fundraising expenses
$128,750
Program service expenses (Part III)
$655,418

Program services were 69.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $582,558

  • 2a · Program service revenue: MEMBERSHIP FEES

    total $417,840 · related or exempt $417,840

  • 2b · Program service revenue: PROGRAM SERVICE REVENU

    total $5,056 · related or exempt $5,056

  • 3 · Investment income

    total $27,029 · excluded $27,029

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $493,364 · program services $321,109 · management and general $77,857 · fundraising $94,398

  • 9 · Other employee benefits

    total $33,526 · program services $25,408 · management and general $3,718 · fundraising $4,400

  • 10 · Payroll taxes

    total $29,163 · program services $17,102 · management and general $5,525 · fundraising $6,536

  • 11g · Fees: other

    total $4,180 · program services $300 · management and general $3,880

  • 12 · Advertising and promotion

    total $409 · program services $59 · fundraising $350

  • 13 · Office expenses

    total $16,692 · program services $9,494 · management and general $7,198

  • 14 · Information technology

    total $26,708 · program services $13,500 · management and general $7,238 · fundraising $5,970

  • 17 · Travel

    total $29,612 · program services $10,613 · management and general $13,268 · fundraising $5,731

  • 22 · Depreciation, depletion and amortization

    total $13,352 · program services $10,262 · management and general $656 · fundraising $2,434

  • 23 · Insurance

    total $6,425 · management and general $6,425

  • 24a · Other expenses: OPERATING LEASE

    total $210,749 · program services $191,549 · management and general $15,360 · fundraising $3,840

  • 24b · Other expenses: PROGRAM EXPENSES

    total $50,357 · program services $50,357

  • 24c · Other expenses: EVENT SUPPLIES

    total $10,459 · program services $5,665 · fundraising $4,794

  • 24d · Other expenses: MISCELLANEOUS

    total $6,686 · management and general $6,389 · fundraising $297

  • 24e · All other expenses

    total $7,064 · management and general $7,064

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $520,810 · end of year $611,246

  • 3 · Pledges and grants receivable

    beginning of year $54,736 · end of year $10,000

  • 4 · Accounts receivable

    beginning of year $9,500 · end of year $5,500

  • 10a · Land, buildings and equipment: cost or other basis

    $56,427

  • 10b · Land, buildings and equipment: accumulated depreciation

    $42,144

  • 10c · Land, buildings and equipment, net

    beginning of year $23,399 · end of year $14,283

  • 12 · Investments: other securities

    beginning of year $500,000 · end of year $516,719

  • 14 · Intangible assets

    beginning of year $652,911 · end of year $477,496

  • 15 · Other assets

    beginning of year $0 · end of year $17,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,662 · end of year $16,773

  • 25 · Other liabilities

    beginning of year $698,814 · end of year $489,354

  • 27 · Net assets without donor restrictions

    beginning of year $998,144 · end of year $1,136,617

  • 28 · Net assets with donor restrictions

    beginning of year $54,736 · end of year $10,000

Mission and programs · 2023

Mission

STARTUP VIRGINIA IS A NON-PROFIT, HIGH-GROWTH-BUSINESS INCUBATOR, DEDICATED TO BUILDING A LONG-TERM, SUSTAINABLE ECONOMY FOR VIRGINIA. WE CONNECT OUR STARTUP COMMUNITY TO EXCEPTIONAL MENTORS AND EXTENSIVE PROGRAMS IN A DYNAMIC WORKSPACE.

Activities or mission (Part I)

STARTUP VIRGINIA IS A NON-PROFIT, HIGH-GROWTH-BUSINESS INCUBATOR, DEDICATED TO BUILDING A LONG-TERM, SUSTAINABLE ECONOMY FOR VIRGINIA. WE CONNECT OUR STARTUP COMMUNITY TO EXCEPTIONAL MENTORS AND EXTENSIVE PROGRAMS IN A DYNAMIC WORKPLACE.

  • STARTUP VIRGINA (SVA) ACTS AS A FRONT DOOR TO ENTREPRENEURSHIP/STARTUP HUB FOR BOTH MAIN STREET AND HIGH POTENTIAL STARTUPS IN THE RICHMOND, VA REGION BY PROVIDING A DYNAMIC WORKSPACE FOR HIGH POTENTIAL COMPANIES AND EDUATIONAL PROGRAMMING FOR THE ENTIRE COMMUNITY.HIGH POTENTIAL STARTUPS - FOR SVA'S HIGH POTENTIAL MEMBER STARTUPS SVA PROVIDES CO-WORKING AND NETWORKING OPORTUNITIES, WORKSHOPS AND SUPPORT THROUGH MEMBERSHIP AND 150+ MENTORS.COMMUNITY PROGRAMMING - SVA LEVERAGES ITS MENTOR AND INVESTOR NETWORKS TO EMPOWER INDIVIDUALS TO COVER AN ARRAY OF TOPICS RELEVANT TO CURRENT ISSUES. PROGRAMS INCLUDE ENTREPRENEURSHIP CERTIFICATION, TIMELY EDUCATIONAL WORKSHOPS AND CONNECTIONS AND NETWORKING.

    Expenses $655,418 · Revenue $422,896

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Karen Booth Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Arnold Kim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Krissy Gathright

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Maria Pahuja

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Krieger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Anne Wilson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Matt Briggs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chandra Briggman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Utibe Bassey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Larry Eiben

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jamie Christensen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Noelle James

    SECRETARY

    Total calculated
    $128,600
    From this org
    $128,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Richard Wintsch

    EXECUTIVE DIRECTOR

    Total calculated
    $166,079
    From this org
    $166,079
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,079
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $166,079

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
9 February 2024
IRS schema version
2023v4.0
Source object
202410439349300436

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