Startwheel Corp
- Assets
- $5.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Virginia Beach, VA
- Founding
- 08/2015
- Data as of
- 12/2022
- EIN
- 47-4617002
Organization Overview
Startwheel Corp is located in Virginia Beach, VA. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Startwheel Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Startwheel Corp generated $65.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (11.4%) each year. All expenses for the organization totaled $94.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
WEBSITE CONSISTENTLY UPDATED WITH NEW CALENDAR INFORMATION AND RESOURCES FOR ENTREPRENEURS. ADDED A JOB POSTING SERVICE TO THE WEBSITE. PUBLISHES A WEEKLY NEWSLETTER WITH A REACH OF OVER 4,000 AND GROWING. BEGAN A WEEKLY PODCAST ENTITLED THE FERVENT FOUR WHICH INTERVIEWS ENTREPRENEURS AND INVESTORS TO PROVIDE RELEVANT INFORMATION TO THE ENTREPRENEURIAL COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Ryan Executive Director | 40 | $88,640 | |
Paul Hirschbiel Chairman And Treasurer | 10 | $0 | |
Jolie Spiers Board Member | 1 | $0 | |
Daniel Clark Board Member | 1 | $0 | |
Nancy Grden Board Member | 1 | $0 | |
Jeff Johnson Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,008 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,008 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $88,640 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,969 |
| Total expenses | $94,609 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $5,609 |
| Other assets | $0 |
| Total assets | $5,609 |
| Total liabilities | $49,362 |
| Net assets or fund balances | -$43,753 |