Overview
What is Rev1 Ventures?
Rev1 Ventures is a thriving nonprofit organization based in Columbus, Ohio, with a mission to support tech start-ups in Central Ohio. They offer unique venture development services, a business incubator, and capital attraction to help entrepreneurs build successful companies. By using data-driven processes and collaborating closely with entrepreneurs, Rev1 ensures the creation of products that cater to people's needs and companies that thrive in the market. With a team of advisory experts and flexible office and lab space, this top 10 UBI incubator empowers entrepreneurs to turn their ideas into flourishing businesses.
Official website here: www.rev1ventures.com
What are the reviews and ratings of this charity?
Rev1 Ventures is currently not rated by Charity Navigator due to insufficient data for evaluation. The organization hasn't been assessed within the Accountability & Finance, Impact & Measurement, Culture & Community, or Leadership & Adaptability categories. Not having a rating does not imply any positive or negative standing; it merely indicates that a comprehensive evaluation has not been conducted.
The organization reported a Program Expense ratio exceeding 100% of total expenses, resulting in its ineligibility for the Accountability & Finance beacon. This indicates a discrepancy in their 990 Form data regarding financial reporting. Rev1 Ventures' total revenue and expenses are documented, and compensation for key employees, including the CEO, is notably high.
Currently, no user reviews are available from GreatNonprofits, and thus, community impressions or experiences cannot be shared at this time. Without this feedback, public perception and effectiveness remain less transparent from a user engagement perspective.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Rev1 Ventures?
96% of 31 reviewers on Facebook recommend Rev1 Ventures. Here is a summary of their reviews:
The overall sentiment towards Rev1 Ventures is largely positive, with many users appreciating the organization's role in supporting startups and fostering innovation. Reviewers highlighted the effective programs and resources provided to entrepreneurs, expressing satisfaction with the guidance received throughout their business journey.
However, a few voices raised concerns about the reliance on government funding to support operations, questioning the use of taxpayer money in this context. While the majority support the mission and impact of Rev1 Ventures, there is some apprehension regarding financial sustainability and operational independence.
This AI summary has been generated from reviews found on Facebook.
Is Rev1 Ventures legitimate?
Rev1 Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rev1 Ventures submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,284,368
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,158,659
For more financial information, click here
Official website here: www.rev1ventures.com
What is the mission statement of Rev1 Ventures?
Rev1 Ventures supports entrepreneurs of tech start-ups in building great companies through unique venture development services and a business incubator. Their approach is data-driven, ensuring entrepreneurs create products that meet consumer demands and companies that address market needs. The Top 10 UBI incubator provides flexible office and lab space for technically focused entrepreneurs, collaborating with Rev1's team of advisory experts to help launch their startups.
Official website here: www.rev1ventures.com
Who is the CEO of Rev1 Ventures?
Tom Walker is the Ceo & President of Rev1 Ventures. The CEO's salary of Rev1 Ventures is $725,000 and their total compensation is $756,976.
Official website here: www.rev1ventures.com
What is the revenue of Rev1 Ventures?
Rev1 Ventures's revenue in 2022 was $12,957,997.
Official website here: www.rev1ventures.com
Who are the executives of Rev1 Ventures and what are their salaries?
The average compensation at Rev1 Ventures during 2022 was $87,118. There are 51 employees at Rev1 Ventures.
Here are 25 key members and their salaries (Rev1 Ventures's CEO's salary is $725,000 and their total compensation is $756,976):
- Compensation: $725,000
- Related: $0
- Other: $31,976
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Compensation: $261,000
- Related: $0
- Other: $10,557
- Compensation: $319,949
- Related: $0
- Other: $35,338
- Compensation: $301,795
- Related: $0
- Other: $25,432
- Compensation: $288,878
- Related: $0
- Other: $34,693
- Compensation: $240,156
- Related: $0
- Other: $9,594
- Compensation: $182,800
- Related: $0
- Other: $13,785
- Compensation: $136,252
- Related: $0
- Other: $4,637
- Compensation: $129,702
- Related: $0
- Other: $17,100
- Compensation: $152,228
- Related: $0
- Other: $26,549
- Compensation: $165,877
- Related: $0
- Other: $5,153
- Compensation: $209,000
- Related: $0
- Other: $6,317
Official website here: www.rev1ventures.com
Where can I find the form 990 for Rev1 Ventures?
Rev1 Ventures's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rev1ventures.com
Learn more at the official website: www.rev1ventures.com
Mission Statement of Rev1 Ventures
Rev1 Ventures, a pioneering organization, is dedicated to nurturing tech start-ups in Central Ohio and helping them build thriving companies. Through their distinctive venture development services, business incubator, and capital attraction, they provide entrepreneurs with the tools and resources necessary to create products that resonate with people and companies that meet the evolving market needs.
Rev1 Ventures' mission is multi-faceted. Their Startup Studio is a key component, where the organization's team of experts engages in an ongoing, data-driven process with entrepreneurs. This process ensures that entrepreneurs not only develop products that cater to the needs and desires of the public but also establish companies that contribute positively to the industry.
At the heart of their efforts is the Top 10 UBI Incubator, designed specifically for technically-focused entrepreneurs. This incubator offers flexible office and lab space to help budding start-ups get off the ground, with the support of the Rev1 team of advisory experts standing by. In this collaborative environment, the entrepreneurial spirit thrives, and new ideas are brought to life, ultimately contributing to the growth of the tech ecosystem.
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Impact
October, 2024
Rev1 Ventures significantly impacts the entrepreneurial landscape of Central Ohio by providing tailored support to tech start-ups. Through its unique venture development services, business incubator, and capital attraction efforts, Rev1 empowers entrepreneurs to transform innovative ideas into viable businesses.
The organization operates a startup studio that employs a data-driven process, ensuring that entrepreneurs develop products that meet market demands and establish companies that fulfill community needs. Recognized as a top 10 UBI incubator, Rev1 offers flexible office and lab spaces, allowing technically focused entrepreneurs to collaborate closely with a team of advisory experts. This environment fosters innovation, accelerates growth, and ultimately contributes to the economic development of the region by nurturing the next generation of successful tech companies.
In summary, Rev1 Ventures plays a crucial role in building a robust tech ecosystem in Central Ohio, enhancing the overall entrepreneurial spirit and generating sustainable economic growth.
This information is meant to be a general summary of Rev1 Ventures. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$605,634
- Program Service Revenue: $2,465,240
- Gross Receipts: $14,716,608
Assets and Liabilities:
- Total Assets: $26,835,719
- Total Liabilities: $2,593,717
- Net Assets: $24,242,002
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANGEMENT FEES
Revenue
$1,791,014
FACILITY RENTAL
Revenue
$674,226
Organization Details
Founding Year
1999
Phone
(614) 487-3700Principal Officer
Tom Walker
Main Address
1275 KINNEAR ROAD, COLUMBUS, OH, 43212
Website
www.rev1ventures.comNTEE Category
Code: B90 - Education
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