Revtech Labs Foundation
- Assets
- $2.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- Data as of
- 12/2023
- EIN
- 85-1313048
Organization Overview
Revtech Labs Foundation is located in Charlotte, NC. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Revtech Labs Foundation 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 12/2023, Revtech Labs Foundation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (30.7%) each year. All expenses for the organization totaled $875.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE REVTECH LABS FOUNDATION IS THE BRIDGE TO GROWTH AND SUCCESS FOR FINTECH AND INSURTECH STARTUP FOUNDERS. OUR MISSION IS TO MAXIMIZE THE PROBABILITY OF SUCCESS FOR HIGH-POTENTIAL STARTUPS BY PROVIDING FUNDING, A CUSTOMIZED PROGRAM AND A ROBUST NETWORK OF EXECUTIVES, INNOVATORS AND SUBJECT MATTER EXPERTS. THE FOUNDER, AND THEIR SUCCESS, IS AT THE HEART OF EVERYTHING WE DO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE REVTECH LABS TEAM WORKS TO CREATE BROAD NETWORKS OF SUPPORT FOR HIGH- POTENTIAL STARTUPS THROUGH OUR BI-ANNUAL HYBRID ACCELERATOR PROGRAMS FOR POST-REVENUE FINTECH AND INSURTECH STARTUPS FROM AROUND THE WORLD. WORKING WITH FOUNDERS ON A CUSTOMIZED ROADMAP AND CONNECTING THEM TO THE INDUSTRY'S TOP LEADERS AND SUBJECT-MATTER EXPERTS. OUR GOAL IS TO ASSEMBLE A STAGE OF GLOBALLY DIVERSE VOICES FROM DIFFERENT BACKGROUNDS, RACES, AND GENDERS TO HELP REVOLUTIONIZE FINTECH, INSURTECH AND HEALTHTECH. TO THIS END, WE MAKE A CONSCIENTIOUS COMMITMENT TO BRING TOGETHER THOUGHT LEADERS WHO TRULY REPRESENT THE GROWING DIVERSITY OF THESE INDUSTRIES AND OUR GREATER SOCIETY TO MAXIMIZE THE SUCCESS OF OUR FOUNDERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Roselli Treasurer | OfficerTrustee | 2 | $0 |
Sara Garces Roselli President | OfficerTrustee | 5 | $0 |
Ken Gacevich Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,078,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,078,500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,078,500 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $20,872 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,462 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,060 |
| Advertising and promotion | $11,094 |
| Office expenses | $650,976 |
| Information technology | $24,187 |
| Royalties | $0 |
| Occupancy | $47,686 |
| Travel | $18,192 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $24,570 |
| Conferences, conventions, and meetings | $41,111 |
| Interest | $6,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,336 |
| All other expenses | $0 |
| Total functional expenses | $875,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,450 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $11,000 |
| Accounts receivable, net | $197,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,234,000 |
| Total assets | $2,503,450 |
| Accounts payable and accrued expenses | $55,871 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,871 |
| Net assets without donor restrictions | $2,447,579 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,503,450 |