Virginia · Nonprofit
STARTWHEEL CORP
STARTWHEEL CORP (Virginia) receives grants from 3 organizations whose IRS filings report $202,035 to it, the largest being VIRGINIA INNOVATION PARTNERSHIP CORPORATION ($200,000). 1 of them have funded it in more than one year.
- Revenue FY2024
- $297k
- Funders on record
- 3
- Grants received
- $202k
- Net assets
- $64k
What Startwheel Corp does
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.
As stated on its FY2024 Form 990.
Programs
On its FY2024 return the organization reported starting a significant new program.
In 2024, Innovate Hampton Roads (IHR) introduced the Virginia Regional Startup World Cup as a new program service, formalized via an MOU with Pegasus Tech Ventures and StartUp World Cup. At the event a local Hampton Roads company (IVWatch) won and went on to compete nationally and got third place globally. The 2024 event was held on August 28, 2024 with 300 attendees and 100 applicants. The Virginia Regional Startup World Cup was sponsored by Virginia Beach Economic Development.
Its own explanation, from Schedule O of that return (Part III, line 2).
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.
$69,860 spentof which $119,400 as grants31% of program spendingStartup 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.
$158,699 spentof which $157,769 as grants69% of program spendingOther program services, not described on the e-filed return.
$0 spent0% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $228,559.
The organization over time
Each line starts at 100 in 2021, so what you read is the shape rather than the size: 150 means half as much again as 2021, 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 2022 to 2023, from $6k to $96k (+1615%).
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: 2024 45%. Grants only. Government contracts and fees sit inside program revenue.
47% of STARTWHEEL CORP’s revenue is contributions — about as donation-reliant as the typical peer (62% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 4 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.
Board chair
Paul Hirschbiel
Chairman
As listed on its FY2024 Form 990.
Who funds it, year by year
2018 → 2023: the base held at 1 funder, grant income fell $2k → $27.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $25k from one payer (the payer shares this organization's board, largest Hampton Roads Community Foundation). These are real filings, and they are not money STARTWHEEL CORP raised.
From the IRS filings of STARTWHEEL CORP’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
STARTWHEEL CORP leans on a few funders — its largest provides 99% 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
99% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund STARTWHEEL CORP.
Largest funder’s share by year: 2018 100% · 2022 100% · 2023 100% — broadly stable.
“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
100% of STARTWHEEL CORP's grant income comes from Virginia funders.
Funder states come from each funder’s own filing. $35 arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. 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
STARTWHEEL CORP has grown faster than three-quarters of the 11,971 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 11,971 community improvement nonprofits $100k–$1M, FY2024
Government funding STARTWHEEL CORP receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $20k on record.
- National Aeronautics and Space Administration$20k
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 STARTWHEEL CORP
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 Virginia
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
85% of spending goes to programs.
Governance
Public support
82%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for STARTWHEEL CORP: 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 STARTWHEEL CORP?
- STARTWHEEL CORP (Virginia) receives grants from 3 organizations whose IRS filings report $202,035 to it, the largest being VIRGINIA INNOVATION PARTNERSHIP CORPORATION ($200,000). 1 of them have funded it in more than one year.
- How many funders does STARTWHEEL CORP have?
- IRS filings report 3 organizations giving $202,035 in grants to STARTWHEEL CORP, 1 of which have funded it in more than one year.
- Who is the largest funder of STARTWHEEL CORP?
- VIRGINIA INNOVATION PARTNERSHIP CORPORATION is the largest funder on record, with $200,000 in grants. The full list of funders is on this page.
- How can an organization like STARTWHEEL CORP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Virginia. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Startwheel →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2021–2024), 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