Flywheel Foundation
Fosters entrepreneurship through research, ecosystem building, education, and investment. For fiscal year 2024 it reported $358K in revenue, $413K in expenses, and $159K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Human Services
- Location
- Winston Salem, NC
- Filings
- 5 on file (2020–2024)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
Technical services- one on one technical services including developing financial projections, pitch decks, and marketing plans. Flywheel courses learning management system- development of courses offered to entrepreneurs. Grants were issued to support new business start-ups. Production of entrepreneurship focused events.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Jill Atherton’s $70K as Executive Di is at the 61st percentile of top reported officer pay among 2165 $100K–1M human services 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 · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jill Atherton | $70,000 | $67,083 | $52,500 | — | — |
| Adrian Smith | — | — | — | $69,458 | $24,525 |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 55% | — | — |
| Overhead ratio | 45% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Revenue growth | -28% | — | — |
| Accounting fee ratio | 0.9% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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