Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2015.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
59 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
13 people listed on the 990; $69K paid to officers and key staff.
Jill Atherton’s $70K as Executive Di is at the 61st percentile of top reported officer pay among 2168 $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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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
Programs and updates
Fosters entrepreneurship through research, ecosystem building, education, and investment.
Questions for Flywheel Foundation
Your first name shows with your question. Flywheel Foundation answers here, for everyone.
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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 starts and to help businesses affected by covid.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $120K | $92K |
| Total assetsLn 16 | $120K | $102K |
| LiabilitiesLn 26 | $4K | $12K |
| Net assetsLn 32 | $116K | $90K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $146K | $146K | ||
| Pay of current officers, directors and key staffLn 5 | $65K | $65K | ||
| Other salaries and wagesLn 7 | $22K | $22K | ||
| Payroll taxesLn 10 | $610 | $610 | ||
| Accounting feesLn 11c | $975 | $975 | ||
| Other fees for servicesLn 11g | $44K | $44K | ||
| Advertising and promotionLn 12 | $3K | $3K | ||
| Office expensesLn 13 | $6K | $6K | ||
| InsuranceLn 23 | $798 | $798 | ||
| Other expenses (24a–d)Ln 24 | $142 | $142 | ||
| Total functional expensesLn 25 | $289K | $172K | $117K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $358K | $413K | −$54K | $159K | 990 PDF |
| FY2023 | $499K | $424K | $76K | $214K | 990 PDF |
| FY2022 | $322K | $274K | $48K | $138K | 990 PDF |
| FY2021 Viewing | $263K | $289K | −$25K | $90K | 990 PDF |
| FY2020 | $167K | $116K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $263,282 revenue, 12 lines filed
Part VI · Governance 11 of 12 board members independent, no flags
Part VIII · Statement of revenue $263,282 across 4 lines filed
Part IX · Statement of functional expenses $288,757 across 10 lines filed
Part X · Balance sheet $102,230 assets, 7 lines filed
Part XI · Reconciliation of net assets $90,269 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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