Ohio · Nonprofit
REV1 VENTURES
REV1 VENTURES (Ohio) receives grants from 3 organizations whose IRS filings report $955,433 to it, the largest being JPMORGAN CHASE FOUNDATION ($931,933). 1 of them have funded it in more than one year.
- Revenue FY2024
- $12M
- Funders on record
- 3
- Grants received
- $955k
- Net assets
- $32M
What Rev1 Ventures does
Mission
We help entrepreneurs of central ohio tech start-ups build great companies through our unique venture development services, business incubator and capital attraction.
As stated on its FY2024 Form 990.
Programs
Startup studio- rev1 supports start-ups through the first experts leads an ongoing, data-driven process that ensures entrepreneurs develop products people want and companies people need. Top 10 ubi incubator, offering technically focused entrepreneurs flexible office and lab space to help start their companies along side the rev1 team of advisory experts.
$7,838,781 spentof which $988,000 as grants$1,476,382 earned by the program79% of program spendingFund management- rev1's investment team handles the intake, vetting and investment due diligence for multiple investment funds targeting a broad range of high-growth tech startups, including it and health it, biosciences, advanced materials, agribusiness, and advanced and alternative energy. Rev1 also handles the daily accounting and coordinates annual tax returns.
$2,028,844 spent$2,212,096 earned by the program21% of program spending
The 2 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $9,867,625.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2018 to 2019, from $14M to $19M (+37%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 38% · 2018 44% · 2019 30% · 2020 70% · 2021 62% · 2022 71% · 2023 41% · 2024 38%. Grants only. Government contracts and fees sit inside program revenue.
66% of REV1 VENTURES’s revenue is contributions — more donation-reliant than the typical peer (23% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Tom Walker
CEO & president
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2020: the base narrowed from 2 funders to 1 funder, grant income rose $220k → $250k.
Left out of every figure on this page: $1.8M from 3 payers (the payer shares this organization's board, largest One Columbus). These are real filings, and they are not money REV1 VENTURES raised.
From the IRS filings of REV1 VENTURES’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
REV1 VENTURES leans on a few funders — its largest provides 98% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 91% · 2018 100% · 2019 100% · 2020 100% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
REV1 VENTURES draws 100% of its grant income from funders outside Ohio, across 3 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
REV1 VENTURES runs a healthier operating margin than half of the 4,064 education nonprofits its size.
this organization peer median middle 50% of peers· 4,064 education nonprofits $10M–$100M, FY2024
Government funding REV1 VENTURES receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.4M on record.
- Department of Commerce$1.4M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like REV1 VENTURES
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Ohio
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Public support
99%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 6 related entities
- Rev1 Investment Holdings LLC · disregarded
- Technology Concept Fund LLC · disregarded
- Rev1 Fund I Managing Member LLC · partnership
- Rev1 Fund II Managing Member LLC · partnership
- Future Value Fund I Managing Member LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for REV1 VENTURES: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds REV1 VENTURES?
- REV1 VENTURES (Ohio) receives grants from 3 organizations whose IRS filings report $955,433 to it, the largest being JPMORGAN CHASE FOUNDATION ($931,933). 1 of them have funded it in more than one year.
- How many funders does REV1 VENTURES have?
- IRS filings report 3 organizations giving $955,433 in grants to REV1 VENTURES, 1 of which have funded it in more than one year.
- Who is the largest funder of REV1 VENTURES?
- JPMORGAN CHASE FOUNDATION is the largest funder on record, with $931,933 in grants. The full list of funders is on this page.
- How can an organization like REV1 VENTURES find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Ohio. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing