Rev1 Ventures: FY2020 Nonprofit Profile & Form 990 (EIN 31-1658220)

Tom Walker’s $740K as CEO & President is at the 97th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2023	FY2022	FY2021	FY2020
Tom Walker	$740,000	$725,000	$637,374	$561,817
Ryan Helon	$283,948	$319,949	$317,613	$305,625
Kristy Campbell	$308,948	—	—	—
Wayne Embree	$287,205	$301,795	$308,582	$299,605
David Dillman	$295,184	$288,878	$296,732	$285,846
Kristina Campbell	—	$261,000	$244,006	$239,653
Mike McCann	$100,854	$240,156	$209,707	$201,509
John Schroepfer	—	—	—	$226,592

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes
Loans to or from officersSch L · Pt II2 listed

Programs and updates

Helps Ohio tech startups grow by providing business incubation, venture development services, and access to investment capital.

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Provided by the organization

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2 programs · $9.9M · in their own filed words · FY2020

01

Investor startup studio- REV1 supports start-ups through the first phases of growth to increase their probability of success. Our team of experts leads an ongoing, data-driven process that ensures entrepreneurs develop products people want and companies people need.

$7.7Mprogram expense

02

Fund 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.

$2.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

One ColumbusFY2024$200K

Columbus FoundationFY2024$25K

Cardinal Health FoundationFY2024$4K

Total grants receivedfrom 3 funders$228K

See all 3 funders →

Grants paid · 26 grants · $3.0M · 2020–2023

Neural EarFY2023$150,000

MyoptechFY2023$150,000

Zed DigitalFY2023$50,000

SkelowearFY2023$50,000

Color Coded LabsFY2023$50,000

Zvelt Therapeutics INCFY2022$300,000

Hdo HealthFY2022$150,000

Games That Move YouFY2022$150,000

Enlighten Mobility LLCFY2022$150,000

Hyperpath SolutionsFY2022$140,000

Digital Story Therapies INCFY2022$110,000

EquitekFY2022$100,000

Rednox INCFY2022$50,000

Color Coded LabsFY2022$50,000

Protein Capture ScienceFY2021$150,000

Rescon TechnologiesFY2021$148,500

Core Quantum TechnologiesFY2021$131,110

FleriFY2021$100,000

See all 26 grants →

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$10.4M

Ln 12

Gifts and grantsLn 1h$7.7M

Fees for servicesLn 2g$2.1M

Investment incomeLn 3$595K

Money outPt IX

$9.0M

Ln 25

Programscol B$9.9M

Owns and owesPt X

$19.7M

net assets · Ln 32

Cash and savingsLn 1–2$10.7M

Total assetsLn 16$21.2M

LiabilitiesLn 26$1.5M

PeoplePt VI, VII

26

listed · VII A

PaidVII A13

Voting boardVI 1a14

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$7.7M

Government grantsLn 1e$7.2M

Fees for servicesLn 2g$2.1M

Investment incomeLn 3$595K

Gains on assetsLn 7$553K

Total revenueLn 12$10.4M

Assets in detailPt X, end of year

CashLn 1$10.7M

Cash and savings togetherLn 1–2$10.7M

InvestmentsLn 11–13$5.1M

Land, buildings, equipmentLn 10c$1.6M

Total assetsLn 16$21.2M

LiabilitiesLn 26$1.5M

Net assetsLn 32$19.7M

OperationsPt I, VI

EmployeesI 542

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$7.8M	$10.7M
InvestmentsLn 11–13	$6.0M	$5.1M
Land, buildings, equipmentLn 10c	$919K	$1.6M
Total assetsLn 16	$19.5M	$21.2M
LiabilitiesLn 26	$1.1M	$1.5M
Net assetsLn 32	$18.4M	$19.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$615K	$615K
Other salaries and wagesLn 7	$4.6M	$3.5M	$1.1M
Pension plan contributionsLn 8	$155K	$117K	$38K
Other employee benefitsLn 9	$228K	$130K	$98K
Payroll taxesLn 10	$303K	$227K	$76K
Legal feesLn 11b	$384	$384
Accounting feesLn 11c	$151K	$20K	$131K
Lobbying feesLn 11d	$48K	$48K
Other fees for servicesLn 11g	$277K	$247K	$30K
Advertising and promotionLn 12	$370K	$366K	$4K
Office expensesLn 13	$72K	$71K	$316
OccupancyLn 16	$1.3M	$1.3M	$3K
TravelLn 17	$21K	$21K
Conferences, conventions and meetingsLn 19	$20K	$20K
Depreciation, depletion and amortizationLn 22	$364K	$364K
InsuranceLn 23	$50K	$50K
Other expenses (24a–d)Ln 24	$359K	$357K	$2K
Total functional expensesLn 25	$9.0M	$9.9M	−$852K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$11.9M	$11.1M	$815K	$31.6M	990 PDF
FY2023	$11.1M	$11.4M	−$296K	$29.1M	990 PDF
FY2022	$13.0M	$12.2M	$724K	$24.2M	990 PDF
FY2021	$11.8M	$9.7M	$2.1M	$24.2M	990 PDF
FY2020 Viewing	$10.4M	$9.0M	$1.4M	$19.7M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $10,381,705 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $7,944,426$7,667,392

I-9 Program service revenuePrior year $2,086,942$2,118,897

I-10 Investment incomePrior year $4,115,292$595,416

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $14,146,660$10,381,705

I-13 Grants and similar amounts paidPrior year $1,272,607$615,000

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $5,371,977$5,304,936

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,300,156$3,079,271

I-18 Total expensesPrior year $9,944,740$8,999,207

I-19 Revenue less expensesPrior year $4,201,920$1,382,498

Part VI · Governance 13 of 14 board members independent, no flags

VI-1a Voting members of the governing body14

VI-1b Independent voting members13

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $10,381,705 across 7 lines filed

VIII-1e Government grants$7,228,225

VIII-1f All other contributions, gifts and grants$439,167

VIII-1h Total contributions, gifts and grants$7,667,392

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,118,897$2,118,897

VIII-3 Investment incomeExcluded from tax $42,294$42,294

VIII-7 Net gain or loss on sales of assetsExcluded from tax $553,122$553,122

VIII-12 Total revenueRelated to mission $2,118,897 · Unrelated business $0 · Excluded from tax $595,416$10,381,705

Part IX · Statement of functional expenses $8,999,207 across 17 lines filed

IX-1 Grants to domestic organizationsPrograms $615,000$615,000

IX-7 Other salaries and wagesPrograms $3,503,919 · Management $1,114,788$4,618,707

IX-8 Pension plan contributionsPrograms $117,241 · Management $37,953$155,194

IX-9 Other employee benefitsPrograms $130,176 · Management $97,779$227,955

IX-10 Payroll taxesPrograms $227,370 · Management $75,710$303,080

IX-11b Legal feesPrograms $384$384

IX-11c Accounting feesPrograms $20,418 · Management $130,662$151,080

IX-11d Lobbying feesPrograms $48,000$48,000

IX-11g Other fees for servicesPrograms $247,007 · Management $29,714$276,721

IX-12 Advertising and promotionPrograms $365,866 · Management $3,682$369,548

IX-13 Office expensesPrograms $71,292 · Management $316$71,608

IX-16 OccupancyPrograms $1,344,761 · Management $3,477$1,348,238

IX-17 TravelPrograms $20,778$20,778

IX-19 Conferences, conventions and meetingsPrograms $19,847$19,847

IX-22 Depreciation, depletion and amortizationPrograms $363,518$363,518

IX-23 InsurancePrograms $50,227$50,227

IX-24 Other expenses (24a–d)Programs $357,449 · Management $1,873$359,322

IX-25 Total functional expensesPrograms $9,850,782 · Management −$851,575 · Fundraising $0$8,999,207

Part X · Balance sheet $21,187,153 assets, 15 lines filed

Asset lines not itemized here account for $2,072,201; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $7,812,955$10,695,743

X-3 Pledges and grants receivableStart of year $2,405,208$1,557,070

X-9 Prepaid expenses and deferred chargesStart of year $150,957$170,502

X-10c Land, buildings and equipment, netStart of year $919,136$1,553,700

X-12 Other securitiesStart of year $6,011,966$5,137,937

X-16 Total assetsStart of year $19,464,806$21,187,153

X-17 Accounts payable and accrued expensesStart of year $502,071$293,671

X-19 Deferred revenue$211,438

X-24 Unsecured notes and loans payable$721,696

X-25 Other liabilitiesStart of year $572,523$265,886

X-26 Total liabilitiesStart of year $1,074,594$1,492,691

X-27 Net assets without donor restrictionsStart of year $17,043,026$18,244,676

X-28 Net assets with donor restrictionsStart of year $1,347,186$1,449,786

X-32 Total net assets or fund balancesStart of year $18,390,212$19,694,462

X-33 Total liabilities and net assetsStart of year $19,464,806$21,187,153

Part XI · Reconciliation of net assets $19,694,462 net assets at year end

XI-1 Total revenue$10,381,705

XI-2 Total expenses$8,999,207

XI-3 Revenue less expenses$1,382,498

XI-4 Net assets at start of year$18,390,212

XI-9 Other changes in net assets−$78,248

XI-10 Net assets at end of year$19,694,462

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Rev1 Ventures FY2020 filing

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