Nonprofit · EIN 47-4617002
STARTWHEEL CORP
Tax-exempt · VIRGINIA BCH, VA 23451
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $297,137 | $267,360 | $29,777 | $111,205 | $46,880 | $64,325 |
| December 31, 2023 | 990-EZ | $130,129 | $38,437 | $91,692 | $96,180 | $48,241 | $47,939 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $139,368
- of which government grants
- $134,224
- Program service revenue
- $157,769
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $12,804
- Travel
- $844
- Depreciation
- $1,264
- Program services (functional)
- $228,559
- Management and general (functional)
- $38,801
Balance sheet and other
- Total assets, start of year
- $82,691
- Total assets, end of year
- $111,205
- Total liabilities, end of year
- $46,880
- Net assets, end of year
- $64,325
- Net assets without donor restrictions
- $20,060
- Net assets with donor restrictions
- $44,265
- Gross receipts
- $297,137
- Employees
- 0
- Volunteers
- 25
- Year formed
- 2015
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Paul Hirschbiel | Chairman Trustee or director, Officer | 15 | $0 |
| Tom Marsden | Vice Chairman Trustee or director, Officer | 10 | $0 |
| Jolie Spiers | Director Trustee or director | 2 | $0 |
| Alan Hagerman | Director Trustee or director | 2 | $0 |
| Nancy Grden | Director Trustee or director | 2 | $0 |
| Paul Nolde | Director Trustee or director | 2 | $0 |
| Mark Johnson | Director Trustee or director | 2 | $0 |
| John Paris | Director Trustee or director | 2 | $0 |
| AK Schultz | Director Trustee or director | 2 | $0 |
| Blair Durham | Director Trustee or director | 2 | $0 |
| Kevin Leslie | Director Trustee or director | 2 | $0 |
| Toi Hunter | Director Trustee or director | 2 | $0 |
| Derrick Williams | Director Trustee or director | 2 | $0 |
| Conaway Haskins | Director Trustee or director | 2 | $0 |
| John Finguerra | Director Trustee or director | 2 | $0 |
990-EZ for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tim Ryan | Executive Director | 40 | $90,000 |
| Paul Hirschbiel | Chairman and Treasurer | 6 | $0 |
| Tom Marsden | Vice Chairman | 3 | $0 |
| Alan Hagerman | Board Member | 1 | $0 |
| Nancy Grden | Board Member | 1 | $0 |
| Paul Nolde | Board Member | 1 | $0 |
| Mark Johnson | Board Member | 1 | $0 |
| Jolie Spiers | Board Member | 1 | $0 |
| Kevin Leslie | Board Member | 1 | $0 |
| Toi Hunter | Board Member | 1 | $0 |
| John Paris | Board Member | 1 | $0 |
| AK Schultz | Board Member | 1 | $0 |
| Derrick Williams | Board Member | 1 | $0 |
| Conaway Haskins | Board Member | 1 | $0 |
| John Finguerra | Board Member | 1 | $0 |
| Blair Durham | Board Member | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2336 EVANGELINES WAY, VIRGINIA BCH, VA 23451-1078
- In care of
- % PAUL O HIRSCHBIEL JR
- Mailing address (990-N for 2017)
- 3704 Pacific Avenue, Virginia Beach VA 23451
- Principal officer (990 for 2024)
- PAUL HIRSCHBIEL, PO BOX 664, VIRGINIA BEACH, VA 23451
- Principal officer (990-N for 2017)
- Paul Hirschbiel, 3704 Pacific Avenue, Virginia Beach VA 23451
- Signed the 990
- Paul Hirschbiel, Chairman
- Phone
- (757) 362-0436
- Website
- www.dembizalliance.com
Mission
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.
Program accomplishments
- 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.Expenses $69,860 · grants $119,400
- 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.Expenses $158,699 · grants $157,769
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 47-4617002
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $111,205
- Income (IRS master file)
- $297,137
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $297,137 | $267,360 | $111,205 | IRS |
| 990-EZ | December 2023 | $130,129 | $38,437 | $96,180 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-N for 2017 Officer: Paul Hirschbiel | December 31, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-4617002).
Questions about STARTWHEEL CORP
- What is the EIN of STARTWHEEL CORP?
- The employer identification number (EIN) of STARTWHEEL CORP is 47-4617002.
- Is STARTWHEEL CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to STARTWHEEL CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STARTWHEEL CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STARTWHEEL CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STARTWHEEL CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of STARTWHEEL CORP?
- The 990 for the year ended December 31, 2024 names PAUL HIRSCHBIEL.
- Who are the officers and directors of STARTWHEEL CORP?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does STARTWHEEL CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $297,137, expenses of $267,360 and total assets of $111,205 at year end.
Other nonprofits in VIRGINIA BCH
- MPB INC EIN 54-1346393 · last filed 990 for 2024
- COMMUNITY ONCOLOGY ALLIANCE INC EIN 22-3887397 · last filed 990 for 2025
- VIRGINIA BEACH COMMUNITY DEVELOPMENT CORPORATION EIN 54-1378797 · last filed 990 for 2025
- COASTAL VIRGINIA BUILDING INDUSTRY ASSOCIATION INC EIN 54-0609866 · last filed 990 for 2024
- PREMIER CATALOG GROUP INC EIN 23-3035273 · last filed 990 for 2024
- VIBE DISTRICT VIRGINIA BEACH EIN 47-1131974 · last filed 990 for 2025
- SCHOOL NUTRITION ASSOCIATION OF VIRGINIA INC EIN 54-0988258 · last filed 990 for 2025
- SOUTHEATERN FOOTBALL OFFICIALS ASSOCIATION EIN 54-1340348 · last filed 990 for 2025
All nonprofits in VIRGINIA BCH · Virginia · Community improvement and capacity building