Liabilities / Assets
87th percentile
Higher debt load relative to assets than 87% of similar nonprofits.
EIN 47-4617002 • 501(c)3 • Virginia Beach, VA
Profile
Innovate Hampton Roads is dedicated to fostering the growth and development of the entrepreneurial and innovation ecosystems in Hampton Roads, VA focusing on education and by supporting startups through incubation, mentorship, networking, and strategic partnerships in order to drive economic vitality, job creation, and technology commercialization in the region.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
87th percentile
Higher debt load relative to assets than 87% of similar nonprofits.
Liabilities / Revenue
85th percentile
Higher debt load relative to revenue than 85% of similar nonprofits.
Net Margin
64th percentile
Higher net margin than 64% of similar nonprofits.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
73rd percentile
Faster asset growth than 73% of similar nonprofits.
Revenue Growth
93rd percentile
Faster revenue growth than 93% of similar nonprofits.
Assets
Up$111,205
Up $15,025 (+16%) from 2023
Liabilities
Down$46,880
Down $1,361 (-2.8%) from 2023
Net Assets
Up$64,325
Up $16,386 (+34%) from 2023
Revenue
Up$297,137
Up $167,008 (+128%) from 2023
Expenses
Up$267,360
Up $228,923 (+596%) from 2023
Net Income
Down$29,777
Down $61,915 (-68%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
Innovate Hampton Roads is dedicated to fostering the growth and development of the entrepreneurial and innovation ecosystems in Hampton Roads, VA focusing on education and by supporting startups through incubation, mentorship, networking, and strategic partnerships in order to drive economic vitality, job creation, and technology commercialization in the region.
Education of the innovation and entrepreneurial ecosystems in Hampton Roads, Virginia including managing an incubator, hosting Venture Out events, a weekly podcast, a calendar of events, and hosting the Virginia StartUp World Cup
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $82,691 | $111,205 | ▲ $28,514 |
| Total Assets | $82,691 | $111,205 | ▲ $28,514 |
| Liabilities | |||
| Unsecured Notes Loans Payable | $48,143 | $46,880 | ▼ $1,263 |
| Total Liabilities | $48,143 | $46,880 | ▼ $1,263 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $34,548 | $44,265 | ▲ $9,717 |
| Net Assets Without Donor Restrictions | $0 | $20,060 | ▲ $20,060 |
| Total Net Assets Fund Balance | $34,548 | $64,325 | ▲ $29,777 |
| Total Liabilities and Net Assets / Fund Balance | $82,691 | $111,205 | ▲ $28,514 |
| Name | Title |
|---|---|
| Paul Hirschbiel | Chairman |
| Tom Marsden | Vice Chairman |
| AK Schultz | Director |
| Alan Hagerman | Director |
| Blair Durham | Director |
| Conaway Haskins | Director |
| Derrick Williams | Director |
| John Finguerra | Director |
| John Paris | Director |
| Jolie Spiers | Director |
| Kevin Leslie | Director |
| Mark Johnson | Director |
| Nancy Grden | Director |
| Paul Nolde | Director |
| Toi Hunter | Director |
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Tim Ryan | Independent Contractor acting as Executive Director | Arcphor, 507C Victory Blvd Suite 156, Yorktown, VA 23693 | $120,000 |
| Line Item | Amount |
|---|---|
| Other Expenses | $267,360 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Management | $199,125 | $22,125 | - | $221,250 |
| Occupancy | - | $12,804 | - | $12,804 |
| Interest | - | $1,304 | - | $1,304 |
| Depreciation Depletion | - | $1,264 | - | $1,264 |
| Office Expenses | - | $1,064 | - | $1,064 |
| Travel | $844 | - | - | $844 |
| Other Expenses | $0 | $240 | $0 | $240 |
| Conferences and Meetings | $55 | - | - | $55 |
| Total Functional Expenses | $228,559 | $38,801 | $0 | $267,360 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“In 2024 the organization was staffed and managed with 3 individuals who were 1099 contract employees. In 2025 all of IHR management are now full employees (no longer 1099 contract emplpyees.”
“Tom Marsden, Vice Chairman, 4525 Columbus Street, Suite 200, Virginia Beach, VA 23462; Jolie Spiers, 101 W. Main Street, Suite 800, Norfolk, VA 23510; Alan Hageman, 4570 Marlwood Way, Virginia Beach, VA 23462; Nancy Grden, 3 Commercial Place, Suite 1320, Norfolk, VA 23510; Paul Nolde, 400 Granby Street, Suite 115, Norfolk, VA 23529; Mark Johnson, 150 W. Main Street, 14th Floor, Norfolk, VA 23510; John Paris, 222 Central Park Avenue, Suite 1700, Virginia Beach, VA 23462; AK Schultz, 730 West 20th Street, Norfolk, VA 23517; Blair Durham, 520 E. Main Street, Suite 4, Norfolk, VA 23510; Kevin Leslie, 4111 Monarch Way, Suite 200, Norfolk, VA 23508; Toi Hunter, 3 Commercial Place, Suite 1320, Norfolk, VA 23510; Derrick Williams, 1341 Crossways Blvd., Chesapeake, VA 23320; Conaway Haskins, VIPC, 313 East Broad Street, Richmond, VA 23219; John Finguerra, 2844 Crusader Circle, Virginia Beach, VA 23453”
“Board Members are emailed a copy of the 990 tax return before it is submitted.”
“The Executive Committee of the Board reviews annually the compensation of the Executive Director after reviewing comparable Executive Directors compensation in comparable not-for-profit organizations in the Hampton Roads, Virginia Region.”
“All documents and financial statements are available to the public upon request.”
“In 2024, Innovate Hampton Roads (IHR) introduced the Virginia Regional Startup World Cup as a new program service, formalized via an MOU with Pegasus Tech Ventures and StartUp World Cup. At the event a local Hampton Roads company (IVWatch) won and went on to compete nationally and got third place globally. The 2024 event was held on August 28, 2024 with 300 attendees and 100 applicants. The Virginia Regional Startup World Cup was sponsored by Virginia Beach Economic Development.”
“For the 2023 990 EZ filing I mistakenly used accrual numbers and entered Total Liabilities and Net Assets as $96,180 when the number using Cash Basis should have been $82,619.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
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| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | Education of the innovation and entrepreneurial ecosystems in Hampton Roads, Virginia including managing an incubator, hosting Venture Out events, a weekly podcast, a calendar of events, and hosting the Virginia StartUp World Cup |
| IRS990/AddressChangeInd | 0 | X |
| IRS990/AllOtherContributionsAmt | 0 | 5144 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | Paul Hirschbiel |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7573620436 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 664 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | VIRGINIA BEACH |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23451 |
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| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 111205 |
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| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 55 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 55 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 0 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 120000 |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine2Txt | 0 | 507C Victory Blvd Suite 156 |
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| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 23693 |
| IRS990/ContractorCompensationGrp/ContractorName/PersonNm | 0 | Tim Ryan |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | Independent Contractor acting as Executive Director |
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| IRS990/CreditCounselingInd | 0 | 0 |
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| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
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| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 157769 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 29777 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 267360 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 297137 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 1 |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 1264 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 1264 |
| IRS990/Desc | 0 | Entrepreneurial Education and Competition toward Ecosystem Development: Innovate Hampton Roads (IHR) empowers entrepreneurs through educational workshops and high profile competitions. From June to December, 2024 IHR educated 30 founders with 42% from historically underrepresented groups through initiatives like four Start Peninsula Micro Pitch Competitions, culminating in a final pitch event in November 2024. The program facilitated over 200 mentorship hours. IHR also hosted the first-ever Virginia Regional StartUp World Cup, where local startup IV Watch placed third globally while competing for a $1 million prize. Moreover, in 2024 IHR hosted six events with 715 attendees including "Down to Earth: Ready to Launch" workshop with NASA Research Center in Hampton, Virginia. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 0 |
| IRS990/DoingBusinessAsName/BusinessNameLine1Txt | 0 | INNOVATE HAMPTON ROADS |
| IRS990/DonatedServicesAndUseFcltsAmt | 0 | 0 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
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| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 44265 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 69860 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FederatedCampaignsAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt | 0 | 22125 |
| IRS990/FeesForServicesManagementGrp/ProgramServicesAmt | 0 | 199125 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 221250 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 12 | 0 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 15 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 10 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2 |
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| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 2 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 8 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 9 | X |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
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| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 0 |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Paul Hirschbiel |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Tom Marsden |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Jolie Spiers |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Alan Hagerman |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Nancy Grden |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Paul Nolde |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Mark Johnson |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | John Paris |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | AK Schultz |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Blair Durham |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Kevin Leslie |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Toi Hunter |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 12 | Derrick Williams |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | Conaway Haskins |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | John Finguerra |
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| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Vice Chairman |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | Director |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2015 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/FundraisingAmt | 0 | 0 |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 0 |
| IRS990/GainOrLossGrp/SecuritiesAmt | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 15 |
| IRS990/GovernmentGrantsAmt | 0 | 134224 |
| IRS990/GrantAmt | 0 | 119400 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 297137 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 15 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXInd | 0 | X |
| IRS990/InterestGrp/ManagementAndGeneralAmt | 0 | 1304 |
| IRS990/InterestGrp/TotalAmt | 0 | 1304 |
| IRS990/InvestmentExpenseAmt | 0 | 0 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | VA |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembershipDuesAmt | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | Innovate Hampton Roads is dedicated to fostering the growth and development of the entrepreneurial and innovation ecosystems in Hampton Roads, VA focusing on education and by supporting startups through incubation, mentorship, networking, and strategic partnerships in order to drive economic vitality, job creation, and technology commercialization in the region. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 34548 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 64325 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NetUnrlzdGainsLossesInvstAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 20060 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NoncashContributionsAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 12804 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 12804 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 1064 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 1064 |
| IRS990/OfficerMailingAddressInd | 0 | 1 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | REaKTOR Incubator |
| IRS990/OtherExpensesGrp/Desc | 1 | Events |
| IRS990/OtherExpensesGrp/Desc | 2 | Video Equipment |
| IRS990/OtherExpensesGrp/Desc | 3 | Filing, Registration Fees,Wire Fee |
| IRS990/OtherExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/FundraisingAmt | 1 | 0 |
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| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 1 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 2 | 0 |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 3 | 240 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 13895 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 10123 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 4517 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 0 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 13895 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 10123 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 4517 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 240 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | 0 |
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| IRS990/PrincipalOfficerNm | 0 | PAUL HIRSCHBIEL |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | REaKTOR Incubator |
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| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 157769 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 157769 |
| IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | Startup Incubator and Support: IHR manages the REaKTOR Technology Innovation Center, a hub for technology-driven startups in Hampton Roads, Virginia, providing office/lab space, mentorship, and funding support. From June to December 2024, the incubator onboarded five new companies, surpassing the goal of three, and supported a portfolio of 16 companies employing a staff of 91. The program facilitated $9.185 million in grants, investments and commitments for 7 client companies, created 24 new jobs, recruited seven professional service providers and introduced four investors. |
| IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt | 0 | 158699 |
| IRS990/ProgSrvcAccomActy2Grp/GrantAmt | 0 | 157769 |
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| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 0 |
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| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 65008 |
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| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 41000 |
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| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00 |
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| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 25900 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
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| IRS990/ScheduleJRequiredInd | 0 | 0 |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | In 2024, Innovate Hampton Roads (IHR) introduced the Virginia Regional Startup World Cup as a new program service, formalized via an MOU with Pegasus Tech Ventures and StartUp World Cup. At the event a local Hampton Roads company (IVWatch) won and went on to compete nationally and got third place globally. The 2024 event was held on August 28, 2024 with 300 attendees and 100 applicants. The Virginia Regional Startup World Cup was sponsored by Virginia Beach Economic Development. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | In 2024 the organization was staffed and managed with 3 individuals who were 1099 contract employees. In 2025 all of IHR management are now full employees (no longer 1099 contract emplpyees. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Tom Marsden, Vice Chairman, 4525 Columbus Street, Suite 200, Virginia Beach, VA 23462; Jolie Spiers, 101 W. Main Street, Suite 800, Norfolk, VA 23510; Alan Hageman, 4570 Marlwood Way, Virginia Beach, VA 23462; Nancy Grden, 3 Commercial Place, Suite 1320, Norfolk, VA 23510; Paul Nolde, 400 Granby Street, Suite 115, Norfolk, VA 23529; Mark Johnson, 150 W. Main Street, 14th Floor, Norfolk, VA 23510; John Paris, 222 Central Park Avenue, Suite 1700, Virginia Beach, VA 23462; AK Schultz, 730 West 20th Street, Norfolk, VA 23517; Blair Durham, 520 E. Main Street, Suite 4, Norfolk, VA 23510; Kevin Leslie, 4111 Monarch Way, Suite 200, Norfolk, VA 23508; Toi Hunter, 3 Commercial Place, Suite 1320, Norfolk, VA 23510; Derrick Williams, 1341 Crossways Blvd., Chesapeake, VA 23320; Conaway Haskins, VIPC, 313 East Broad Street, Richmond, VA 23219; John Finguerra, 2844 Crusader Circle, Virginia Beach, VA 23453 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Board Members are emailed a copy of the 990 tax return before it is submitted. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | The Executive Committee of the Board reviews annually the compensation of the Executive Director after reviewing comparable Executive Directors compensation in comparable not-for-profit organizations in the Hampton Roads, Virginia Region. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | All documents and financial statements are available to the public upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | For the 2023 990 EZ filing I mistakenly used accrual numbers and entered Total Liabilities and Net Assets as $96,180 when the number using Cash Basis should have been $82,619. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990, Part III, Line 2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Section A, Line 3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Section A, Line 9 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Section B, Line 11b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Section B, Line 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Form 990, Part VI, Section C, Line 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Form 990, Part X, Line 33 |
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| IRS990/SignificantNewProgramSrvcInd | 0 | 1 |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | VA |
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| IRS990/SubjectToProxyTaxInd | 0 | 0 |
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| IRS990/TaxablePartyNotificationInd | 0 | 0 |
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| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 228559 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 46880 |
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| IRS990/TotalProgramServiceRevenueAmt | 0 | 157769 |
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