Rev1 Ventures
- Assets
- $21.2m
- Revenue
- $10.4m
- Investments
- $5.1m
- Employees
- 42
- Location
- Columbus, OH
- Founding
- 08/2000
- Data as of
- 12/2020
- EIN
- 31-1658220
Organization Overview
Rev1 Ventures is located in Columbus, OH. The organization was established in 2000. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Rev1 Ventures employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rev1 Ventures 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 12/2020, Rev1 Ventures generated $10.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $9.0m during the year ending 12/2020. While expenses have increased by 4.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rev1 Ventures has awarded 51 individual grants totaling $4,103,087. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE HELP ENTREPRENEURS OF OHIO TECH START-UPS BUILD GREAT COMPANIESTHROUGH OUR UNIQUE VENTURE DEVELOPMENT SERVICES, BUSINESS INCUBATOR ANDCAPITAL ATTRACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INVESTOR STARTUP STUDIO- REV1 SUPPORTS START-UPS THROUGH THE FIRST PHASES OF GROWTH TO INCREASE THEIR PROBABILITY OF SUCCESS. OUR TEAM OF 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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Walker CEO & President | OfficerTrustee | 40 | $637,374 |
Ryan Helon Evp, Investment Funds | Officer | 40 | $317,613 |
Wayne Embree Evp, Investments & Venture | Officer | 40 | $308,582 |
David Dillman Chief Financial Officer | Officer | 40 | $296,732 |
Kristina Campbell Chief Operations Officer | Officer | 40 | $244,006 |
Mike Mccann Chief Business Development Officer | Officer | 40 | $209,707 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,667,392 |
| Investment income | $42,294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $553,122 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,381,705 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $4,618,707 |
| Pension plan accruals and contributions | $155,194 |
| Other employee benefits | $227,955 |
| Payroll taxes | $303,080 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $384 |
| Fees for services: Accounting | $151,080 |
| Fees for services: Lobbying | $48,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $276,721 |
| Advertising and promotion | $369,548 |
| Office expenses | $71,608 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,348,238 |
| Travel | $20,778 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,847 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $363,518 |
| Insurance | $50,227 |
| All other expenses | $0 |
| Total functional expenses | $8,999,207 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,695,743 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,557,070 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $230,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,842,201 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $170,502 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,137,937 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,187,153 |
| Accounts payable and accrued expenses | $293,671 |
| Grants payable | $0 |
| Deferred revenue | $211,438 |
| 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 | $721,696 |
| Other liabilities | $265,886 |
| Total liabilities | $1,492,691 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $19,694,462 |
Grants Awarded
Over the last fiscal year, Rev1 Ventures has awarded $733,500 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
PROTEIN CAPTURE SCIENCE PURPOSE: PRODUCT DEVELOPMENT | $150,000 |
RESCON TECHNOLOGIES PURPOSE: EMPLOYEE COSTS | $148,500 |
CORE QUANTUM TECHNOLOGIES PURPOSE: PRODUCT DEVELOPMENT | $131,110 |
AWAREABILITY PURPOSE: EQUIPMENT/SUPPLIES | $100,000 |
FLERI PURPOSE: PRODUCT DEVELOPMENT | $100,000 |
DASISIMULATIONS PURPOSE: PRODUCT DEVELOPMENT | $66,390 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rev1 Ventures has recieved totaling $225,000.
| Awarding Organization | Amount |
|---|---|
One Columbus Columbus, OH PURPOSE: 2021 ESP COST SHARE | $200,000 |
Columbus Foundation Columbus, OH PURPOSE: URBAN AFFAIRS | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Camc Health Education And Research Institute Inc Charleston, WV | $10,132,150 | $15,955,209 |
Childrens Center For Developmental Enrichment Westerville, OH | $12,309,399 | $12,926,419 |
Ecumenical Community Hershey, PA | $4,358,759 | $9,348,993 |
Edchoice Inc Indianapolis, IN | $20,542,454 | $10,117,129 |
Teachers Treasures Inc Indianapolis, IN | $1,070,406 | $9,359,257 |
Rev1 Ventures Columbus, OH | $21,187,153 | $10,381,705 |
Integrity Educational Services Grand Rapids, MI | $1,165,431 | $9,051,642 |
Mcelhattan Foundation Pittsburgh, PA | $120,280,311 | $4,922,440 |
Preschool Promise Inc Dayton, OH | $4,299,915 | $8,117,368 |
Bradford-Tioga Head Start Inc Blossburg, PA | $1,137,581 | $6,636,827 |
First Steps Kent Grand Rapids, MI | $2,604,123 | $6,363,440 |
I Know I Can Columbus, OH | $49,678,666 | $6,921,288 |