Rva Hampton Roads Mega Region Collaborative
- Assets
- $395.3k
- Revenue
- $539.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- Data as of
- 12/2021
- EIN
- 84-4486132
Organization Overview
Rva Hampton Roads Mega Region Collaborative is located in Richmond, VA. According to its NTEE Classification (S31) the organization is classified as: Urban & Community 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. Rva Hampton Roads Mega Region Collaborative 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 12/2021, Rva Hampton Roads Mega Region Collaborative generated $539.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 51.5% each year . All expenses for the organization totaled $465.9k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE ECONOMIC SUCCESS AND QUALITY OF LIFE FOR EVERYONE IN THE RVA AND 757 REGIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE INFORMATION FOR DIRECTOR AND MEMBER EDUCATION ON IMPORTANT ISSUES, ESTABLISH AND BUILD ON THE I-64 INNOVATION CORRIDOR BRAND, AND IDENTIFY AND ADVANCE MAJOR OPPORTUNITIES THAT WILL MEANINGFULLY BENEFIT AND ADVANCE OUR TWO REGIONS FOR GENERATIONS COME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas R Frantz Co-Chairman | OfficerTrustee | 3 | $0 |
John W Martin Director | Trustee | 1 | $0 |
James K Spore Secretary And Treasurer | OfficerTrustee | 3 | $0 |
Theodore L Chandler Jr Co-Chairman | OfficerTrustee | 3 | $0 |
Moses Foster Director | Trustee | 1 | $0 |
Dr Makola M Abdulla Director | Trustee | 1 | $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 | $539,609 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,609 |
| Total Program Service Revenue | $0 |
| Investment income | $11 |
| 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 | $539,620 |
| 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 | $343,218 |
| Fees for services: Legal | $2,850 |
| Fees for services: Accounting | $2,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,263 |
| Advertising and promotion | $1,675 |
| Office expenses | $0 |
| Information technology | $77,650 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,183 |
| All other expenses | $0 |
| Total functional expenses | $465,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,697 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $188,600 |
| 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 | $0 |
| Total assets | $395,297 |
| Accounts payable and accrued expenses | $224,324 |
| 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 | $224,324 |
| Net assets without donor restrictions | $170,973 |
| 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 | $395,297 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Rva Hampton Roads Mega Region Collaborative has recieved totaling $160,000.
| Awarding Organization | Amount |
|---|---|
Hampton Roads Community Foundation Norfolk, VA PURPOSE: RVA 757 CONNECTS | $100,000 |
The Community Foundation Inc Richmond, VA PURPOSE: GENERAL PURPOSES | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americans For Prosperity Arlington, VA | $36,122,323 | $113,776,550 |
Self Help Ventures Fund Durham, NC | $1,059,061,327 | $60,531,771 |
Anne Arundel Economic Development Corporation Annapolis, MD | $15,670,028 | $30,337,180 |
City Of Baltimore Development Corporation Baltimore, MD | $22,115,045 | $13,864,142 |
Prosperity Now Washington, DC | $29,090,376 | $24,644,874 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Charlotte Center City Partners Charlotte, NC | $3,090,178 | $6,164,890 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Maryland Manufacturing Service Inc Salisbury, MD | $279,305 | $5,207,545 |
Enterprise Center Inc Chattanooga, TN | $3,677,488 | $5,998,300 |
Historic East Baltimore Community Action Coalition Inc Baltimore, MD | $9,898,806 | $3,562,151 |