Skip to content

North Carolina · Public charity

Flywheel Foundation

To support entrepreneurship through research, ecosystem development, education, investment, entrepreneurship focused events, and training.

$149k
Granted FY2024(still arriving)
5
Itemized grants FY2024
5
Organizations funded FY2023
100%
First-time grantees FY2023
Read the full brief
Itemized, FY2024
$85k
The rest is grants the schedule does not break out
Median grant, FY2024
$17,000
Largest grant, FY2024
$17,000
Organizations funded a year
1 to 5
FY2021 to FY2023
States reached, FY2024
2
Total assets, FY2024
$227k

How open it is to new grantees

In FY2023, 100% of the organizations Flywheel Foundation funded were first-time grantees, receiving 100% of its grant dollars.

The numbers by year
Fiscal yearOrganizations fundedTo those organizationsFirst-time grantees
FY2024still arriving5$85k100%
FY20235$100k100%
FY20211$100kn/a
100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2021 to 2024.

Community Improvement$117kHealth$74kEmployment$37kFood & Nutrition$20kYouth Development$20kHuman Services$17k

Top grantees

Largest recipients by total granted, FY2021 to FY2024, and the share of each one’s budget the grants supplied at peak.

GranteeTotal grantedYearsShare of their budget
Flywheel LLC$100,0001n/a
Nutrible Inc$20,0001n/a
Felk After-School LLC$20,0001n/a
Zabs Place$20,00015%
Careyaya Health Technologies Inc$20,0001n/a
Clinispan Health Inc$20,0001n/a
Digital Health Navigation Solutions$17,0001n/a
Akalaka Co$17,0001n/a
House Call Services LLC$17,0001n/a
Co Payne-Haynes Inc LLC$17,0001n/a
Show all 11 grantees
All grantees of Flywheel Foundation by total granted
GranteeTotal grantedYearsShare of their budget
Flywheel LLC$100,0001n/a
Nutrible Inc$20,0001n/a
Felk After-School LLC$20,0001n/a
Zabs Place$20,00015%
Careyaya Health Technologies Inc$20,0001n/a
Clinispan Health Inc$20,0001n/a
Digital Health Navigation Solutions$17,0001n/a
Akalaka Co$17,0001n/a
House Call Services LLC$17,0001n/a
Co Payne-Haynes Inc LLC$17,0001n/a
Grapefruit Health Inc$17,0001n/a

Compare Flywheel Foundation with peer funders

About Flywheel Foundation

How much does Flywheel Foundation give?
Flywheel Foundation reported 5 itemized grants totaling $85,000, out of $148,700 in total grant expense reported on the return in its FY2024 IRS filing. It funded between 1 and 5 organizations a year over FY2021 to FY2023.
What does Flywheel Foundation fund?
By grant dollars over FY2021 to FY2024, its largest causes are Community Improvement (41%), Health (26%), Employment (13%).
Who are Flywheel Foundation's largest grantees?
By total granted over FY2021 to FY2024: Flywheel LLC ($100k), Nutrible Inc ($20k), Felk After-School LLC ($20k).
Does Flywheel Foundation fund new organizations?
In FY2023, 100% of the organizations it funded were first-time grantees.
Where is Flywheel Foundation based?
Flywheel Foundation is based in NC.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 11 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2024, released 2024. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Flywheel’s filings →

More from the funding graph