Overview
What is Flywheel Foundation?
The Flywheel Foundation, based in Winston-Salem, North Carolina, is a nonprofit organization committed to fostering entrepreneurship. They offer one-on-one technical services, such as financial projections, pitch decks, and marketing plans. Their learning management system, Flywheel Courses, provides educational resources for entrepreneurs. Additionally, the foundation has funded new business start-ups and organized entrepreneurship-focused events. In line with its mission, Flywheel Foundation engages in research, ecosystem development, education, investment, and training activities to support the entrepreneurial community.
Official website here: www.flywheelcoworking.com/flywheel-fou
What do the Facebook reviews say about Flywheel Foundation?
86% of 9 reviewers on Facebook recommend Flywheel Foundation. Here is a summary of their reviews:
Many reviewers highlight the fantastic atmosphere of the space while emphasizing the supportive and friendly nature of the staff and community. The environment is described as welcoming and positive, enhancing the overall experience for visitors.
Overall, the feedback suggests that the Flywheel Foundation excels in creating a great experience for its patrons through both its environment and its people. The combination of a wonderful space and a passionate team leaves a lasting impression on those who engage with the nonprofit.
This AI summary has been generated from reviews found on Facebook.
Is Flywheel Foundation legitimate?
Flywheel Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flywheel Foundation 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: $52,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $32,292
For more financial information, click here
Official website here: www.flywheelcoworking.com/flywheel-fou
What is the mission statement of Flywheel Foundation?
The Flywheel Foundation's mission is centered around supporting entrepreneurship. They achieve this through various strategies, including conducting research, developing entrepreneurial ecosystems, providing education, making investments, organizing entrepreneurship-focused events, and offering training. Their activities encompass offering one-on-one technical services, such as financial projections, pitch decks, and marketing plans. The foundation also develops courses through their learning management system, which are made available to entrepreneurs. Additionally, they issue grants to aid in the start-up of new businesses and produce events that foster entrepreneurship.
Official website here: www.flywheelcoworking.com/flywheel-fou
Who is the CEO of Flywheel Foundation?
Rick Leander is the Treasurer of Flywheel Foundation.
Official website here: www.flywheelcoworking.com/flywheel-fou
What is the revenue of Flywheel Foundation?
Flywheel Foundation's revenue in 2022 was $322,010.
Official website here: www.flywheelcoworking.com/flywheel-fou
Who are the executives of Flywheel Foundation and what are their salaries?
There 50 volunteers at Flywheel Foundation.
Here are 13 key members and their salaries:
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Official website here: www.flywheelcoworking.com/flywheel-fou
Where can I find the form 990 for Flywheel Foundation?
Flywheel Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.flywheelcoworking.com/flywheel-fou
Learn more at the official website: www.flywheelcoworking.com/flywheel-fou
Mission Statement of Flywheel Foundation
The Flywheel Foundation is committed to supporting entrepreneurship in a comprehensive manner. Their mission encompasses research, ecosystem development, education, investment, entrepreneurship-focused events, and training. By providing one-on-one technical services such as financial projections, pitch decks, and marketing plans, they aid entrepreneurs in their ventures. The organization also develops courses through their learning management system, offering valuable resources to aspiring entrepreneurs. In addition, Flywheel Foundation has distributed grants to support new business start-ups, furthering their mission to foster entrepreneurial growth. Furthermore, they organize entrepreneurship-focused events, providing a platform for networking and knowledge sharing within the entrepreneurial community.
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Impact
October, 2024
The Flywheel Foundation significantly impacts entrepreneurship by fostering a supportive ecosystem for new and existing businesses. It offers a range of technical services tailored to entrepreneurs, including one-on-one assistance in developing financial projections, pitch decks, and marketing plans. This personalized guidance enhances the readiness and viability of startups.
Additionally, the foundation has created a comprehensive learning management system that hosts various courses specifically designed for entrepreneurs. This educational resource equips aspiring and current business owners with essential knowledge and skills to succeed in a competitive landscape.
Financial support is also a critical aspect of Flywheel Foundation's impact, as it provides grants to assist new business startups, helping to alleviate some of the financial barriers that entrepreneurs face. The foundation enhances community engagement by producing events focused on entrepreneurship, which fosters networking opportunities and knowledge sharing among entrepreneurs.
Through these multifaceted initiatives—technical services, education, funding, and events—the Flywheel Foundation plays a vital role in nurturing a thriving entrepreneurial ecosystem in Winston-Salem, NC, ultimately contributing to economic growth and innovation in the region.
This information is meant to be a general summary of Flywheel Foundation. 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.
- Program Service Revenue: $8,880
- Gross Receipts: $322,010
Assets and Liabilities:
- Total Assets: $230,834
- Total Liabilities: $92,772
- Net Assets: $138,062
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT INCOME
Revenue
$8,880
Organization Details
Founding Year
2015
Phone
(336) 725-7808Principal Officer
Rick Leander
Main Address
500 WEST 5TH STREET SUITE 800, WINSTONSALEM, NC, 27101
NTEE Category
Code: P80 - Human services
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