Totals
- Total revenue
- $11,093,890
- Total expenses
- $11,389,907
- Contributions and grants received
- $7,638,316
- Grants paid
- $578,000
- Program service revenue
- $3,398,247
- Investment income
- $57,327
- Other revenue
- $0
- Total assets, end of year
- $30,782,227
- Total liabilities, end of year
- $1,645,842
- Net assets or fund balances, end of year
- $29,136,385
- Program services expenses (Part IX)
- $10,086,444
- Management and general expenses
- $1,303,463
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $10,086,444
Program services were 88.6% 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.
-
1e · Government grants (contributions)
$4,555,875
-
1f · All other contributions, gifts and grants
$3,082,441
-
2a · Program service revenue: MANGEMENT FEES
total $1,778,762 · related or exempt $1,778,762
-
2b · Program service revenue: PROFESSIONAL SERVICES
total $858,045 · related or exempt $858,045
-
2c · Program service revenue: FACILITY RENTAL
total $761,440 · related or exempt $761,440
-
3 · Investment income
total $120,845 · excluded $120,845
-
7a · Gross sales of assets other than inventory
securities $67,472
-
7b · Less cost or other basis and sales expenses
securities $130,990
-
7c · Gain or loss
securities -$63,518
-
7d · Net gain or loss
total -$63,518 · unrelated business -$46,965 · excluded -$16,553
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $578,000 · program services $578,000
-
5 · Compensation of officers, directors and key employees
total $2,402,094 · program services $1,868,727 · management and general $533,367
-
7 · Other salaries and wages
total $2,513,826 · program services $1,968,644 · management and general $545,182
-
8 · Pension plan contributions
total $65,952 · program services $50,269 · management and general $15,683
-
9 · Other employee benefits
total $220,127 · program services $150,535 · management and general $69,592
-
10 · Payroll taxes
total $354,652 · program services $275,803 · management and general $78,849
-
11b · Fees: legal
total $3,718 · program services $3,718
-
11c · Fees: accounting
total $42,080 · program services $2,442 · management and general $39,638
-
11d · Fees: lobbying
total $78,000 · program services $78,000
-
11g · Fees: other
total $1,290,488 · program services $1,290,488
-
12 · Advertising and promotion
total $495,804 · program services $489,382 · management and general $6,422
-
13 · Office expenses
total $146,968 · program services $141,993 · management and general $4,975
-
16 · Occupancy
total $1,243,460 · program services $1,240,760 · management and general $2,700
-
17 · Travel
total $85,718 · program services $85,718
-
19 · Conferences, conventions and meetings
total $96,109 · program services $96,109
-
22 · Depreciation, depletion and amortization
total $470,259 · program services $470,259
-
23 · Insurance
total $62,709 · program services $62,709
-
24a · Other expenses: EVENTS AND EDUCATION
total $818,231 · program services $818,231
-
24b · Other expenses: OTHER FUND EXPENSES
total $345,420 · program services $345,420
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $38,789 · program services $38,234 · management and general $555
-
24d · Other expenses: FEDERAL TAXES
total $6,500 · management and general $6,500
-
24e · All other expenses
total $31,003 · program services $31,003
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $5,421,557 · end of year $5,494,509
-
3 · Pledges and grants receivable
beginning of year $1,893,932 · end of year $1,621,258
-
4 · Accounts receivable
beginning of year $500 · end of year $3,695
-
5 · Loans and receivables from officers and key people
beginning of year $690,000 · end of year $1,115,000
-
7 · Other notes and loans receivable
beginning of year $669,981 · end of year $249,981
-
9 · Prepaid expenses and deferred charges
beginning of year $204,608 · end of year $80,729
-
10a · Land, buildings and equipment: cost or other basis
$9,008,989
-
10b · Land, buildings and equipment: accumulated depreciation
$8,479,372
-
10c · Land, buildings and equipment, net
beginning of year $982,972 · end of year $529,617
-
11 · Investments: publicly traded securities
beginning of year $9,263,541 · end of year $10,274,853
-
12 · Investments: other securities
beginning of year $6,866,793 · end of year $11,125,145
-
15 · Other assets
beginning of year $841,835 · end of year $287,440
-
17 · Accounts payable and accrued expenses
beginning of year $1,259,420 · end of year $966,105
-
19 · Deferred revenue
beginning of year $244,098 · end of year $250,437
-
25 · Other liabilities
beginning of year $1,090,199 · end of year $429,300
-
27 · Net assets without donor restrictions
beginning of year $18,431,730 · end of year $29,136,385
-
28 · Net assets with donor restrictions
beginning of year $5,810,272 · end of year $0
Mission and programs · 2023
Mission
WE HELP ENTREPRENEURS OF CENTRAL OHIO TECH START-UPS BUILD GREAT COMPANIES THROUGH OUR UNIQUE VENTURE DEVELOPMENT SERVICES, BUSINESS INCUBATOR AND CAPITAL ATTRACTION.
-
STARTUP STUDIO- REV1 SUPPORTS START-UPS THROUGH THE FIRST EXPERTS LEADS AN ONGOING, DATA-DRIVEN PROCESS THAT ENSURES ENTREPRENEURS DEVELOP PRODUCTS PEOPLE WANT AND COMPANIES PEOPLE NEED. TOP 10 UBI INCUBATOR, OFFERING TECHNICALLY FOCUSED ENTREPRENEURS FLEXIBLE OFFICE AND LAB SPACE TO HELP START THEIR COMPANIES ALONG SIDE THE REV1 TEAM OF ADVISORY EXPERTS.
Expenses $8,013,322 · Grants $578,000 · Revenue $1,619,485
-
FUND MANAGEMENT- REV1'S INVESTMENT TEAM HANDLES THE INTAKE, VETTING AND INVESTMENT DUE DILIGENCE FOR MULTIPLE INVESTMENT FUNDS TARGETING A BROAD RANGE OF HIGH-GROWTH TECH STARTUPS, INCLUDING IT AND HEALTH IT, BIOSCIENCES, ADVANCED MATERIALS, AGRIBUSINESS, AND ADVANCED AND ALTERNATIVE ENERGY. REV1 ALSO HANDLES THE DAILY ACCOUNTING AND COORDINATES ANNUAL TAX RETURNS.
Expenses $2,073,122 · Revenue $1,778,762
As filed on the 2023 return.
Listed in Part VII
-
Tom WalkerTOM WALKER
CEO & PRESIDENT
- Total calculated
- $780,467
- From this org
- $740,000
- From related orgs
- $0
- Other
- $40,467
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $515,000
- Bonus
- $225,000
- Other
- $0
- Deferred
- $13,200
- Nontaxable benefits
- $27,267
- Filer's total
- $780,467
-
Dave DennisDAVE DENNIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Stephanie FortenerSTEPHANIE FORTENER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Chetan KandhariCHETAN KANDHARI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Michael LuhMICHAEL LUH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
David MeuseDAVID MEUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Peter MohlerPETER MOHLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Terrence OdonnellTERRENCE ODONNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Matthew OrrMATTHEW ORR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mike PapadakisMIKE PAPADAKIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Timothy RobinsonTIMOTHY ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Shaun YoungSHAUN YOUNG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Kim ZavislakKIM ZAVISLAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Sue ZazonSUE ZAZON
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Kristy CampbellKRISTY CAMPBELL
EVP, CHIEF OPERATIONS OFFICER
- Total calculated
- $321,423
- From this org
- $308,948
- From related orgs
- $0
- Other
- $12,475
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $237,652
- Bonus
- $71,296
- Other
- $0
- Deferred
- $12,358
- Nontaxable benefits
- $117
- Filer's total
- $321,423
-
Ryan HelonRYAN HELON
EVP, INVESTMENT FUNDS
- Total calculated
- $326,602
- From this org
- $283,948
- From related orgs
- $0
- Other
- $42,654
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $237,652
- Bonus
- $46,296
- Other
- $0
- Deferred
- $11,385
- Nontaxable benefits
- $31,269
- Filer's total
- $326,602
-
David DillmanDAVID DILLMAN
CHIEF FINANCIAL OFFICER
- Total calculated
- $338,260
- From this org
- $295,184
- From related orgs
- $0
- Other
- $43,076
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $219,372
- Bonus
- $75,812
- Other
- $0
- Deferred
- $11,807
- Nontaxable benefits
- $31,269
- Filer's total
- $338,260
-
Wayne EmbreeWAYNE EMBREE
EVP, INVESTMENTS & VENTURE ACCELERATION
- Total calculated
- $318,417
- From this org
- $287,205
- From related orgs
- $0
- Other
- $31,212
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $223,743
- Bonus
- $63,462
- Other
- $0
- Deferred
- $11,488
- Nontaxable benefits
- $19,724
- Filer's total
- $318,417
-
Julia DeweyJULIA DEWEY
VICE PRESIDENT, CORPORATE PARTNERSHIPS
- Total calculated
- $211,989
- From this org
- $203,723
- From related orgs
- $0
- Other
- $8,266
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,723
- Bonus
- $51,000
- Other
- $0
- Deferred
- $8,149
- Nontaxable benefits
- $117
- Filer's total
- $211,989
-
Mike McCannMIKE MCCANN
CHIEF BUSINESS DEVEL OFFICER TO 5/23
- Total calculated
- $104,936
- From this org
- $100,854
- From related orgs
- $0
- Other
- $4,082
- Hours/week
- 40
-
Matt CynkarMATT CYNKAR
MANAGING DIRECTOR, MARKET INTELLIGENCE
- Total calculated
- $207,286
- From this org
- $190,085
- From related orgs
- $0
- Other
- $17,201
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,219
- Bonus
- $43,866
- Other
- $0
- Deferred
- $7,603
- Nontaxable benefits
- $9,598
- Filer's total
- $207,286
-
Andrea O'CarrollANDREA O'CARROLL
MANAGING DIRECTOR, CORPORATE PARTNERSHIPS
- Total calculated
- $222,611
- From this org
- $185,667
- From related orgs
- $0
- Other
- $36,944
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,867
- Bonus
- $43,800
- Other
- $0
- Deferred
- $5,675
- Nontaxable benefits
- $31,269
- Filer's total
- $222,611
-
Sara RischSARA RISCH
MANAGING DIRECTOR, VENTURE DEVELOPMENT
- Total calculated
- $182,679
- From this org
- $177,112
- From related orgs
- $0
- Other
- $5,567
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,240
- Bonus
- $40,872
- Other
- $0
- Deferred
- $5,450
- Nontaxable benefits
- $117
- Filer's total
- $182,679
-
Alica OddiALICA ODDI
MANAGING DIRECTOR, ENTREPRENEUR PROGRAMS
- Total calculated
- $210,057
- From this org
- $177,321
- From related orgs
- $0
- Other
- $32,736
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $130,385
- Bonus
- $46,936
- Other
- $0
- Deferred
- $1,467
- Nontaxable benefits
- $31,269
- Filer's total
- $210,057
-
Melinda GloriosaMELINDA GLORIOSA
MANAGING DIRECTOR, INVESTMENTS
- Total calculated
- $171,521
- From this org
- $166,589
- From related orgs
- $0
- Other
- $4,932
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $120,375
- Bonus
- $46,214
- Other
- $0
- Deferred
- $4,815
- Nontaxable benefits
- $117
- Filer's total
- $171,521
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
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 1A
- SOCIAL CLUB DUES ARE PAID BY THE ORGANIZATION FOR ITS CEO AND COO.
- PART I, LINE 1B
- REV1 PAYS THE MONTHLY MEMBERSHIP AND ANY BUSINESS RELATED CHARGE. THE EMPLOYEE WILL PAY ANY PERSONAL CHARGE.
- PART I, LINE 4B
- TOM WALKER AND KRISTY CAMPBELL PARTICIPATE IN A CAPITAL ACCUMULATION BENEFIT PROGRAM.
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
-
MYOPTECH
$150,000
EMPLOYEE COSTS, EQUIPMENT, SUPPLIES
-
NEURAL EAR
$150,000
EMPLOYEE COSTS, EQUIPMENT, SUPPLIES
-
COLOR CODED LABS
$50,000
EMPLOYEE COSTS, EQUIPMENT, SUPPLIES
-
SKELOWEAR
$50,000
EMPLOYEE COSTS, EQUIPMENT, SUPPLIES
-
ZED DIGITAL
$50,000
EMPLOYEE COSTS, EQUIPMENT, SUPPLIES
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
REV1 INVESTMENT HOLDINGS LLC
INVESTMENT HOLDING COMPANY · OH · income -$420,031 · assets $4,518,228
Directly controlled by REV1 VENTURES
-
TECHNOLOGY CONCEPT FUND LLC
INVESTMENT HOLDING COMPANY · OH · income -$50,000 · assets $1,122,544
Directly controlled by REV1 VENTURES
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
REV1 FUND I MANAGING MEMBER LLC
INVESTMENTS · INVESTMENT HOLDING · OH · 68.23% owned · share of income -$20,339 · share of assets $885,354 · general or managing partner
Directly controlled by REV1 VENTURES
-
REV1 FUND II MANAGING MEMBER LLC
INVESTMENTS · INVESTMENT HOLDING · OH · 54% owned · share of income $608 · share of assets $431,265 · general or managing partner
Directly controlled by REV1 VENTURES
-
FUTURE VALUE FUND I MANAGING MEMBER LLC
INVESTMENTS · INVESTMENT HOLDING · OH · 42% owned · share of income $94 · share of assets $928,031 · general or managing partner
Directly controlled by REV1 VENTURES
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
REV1 CAPITAL INC (FKA REV1 INVESTMENTS II INC)
C · INVESTMENT HOLDING COMPANY · OH · 100% owned · share of income $587,653 · share of assets $4,363,961 · controlled entity
Directly controlled by REV1 VENTURES
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413189349305881
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