Hampton Roads Executive Roundtable FY2020 filing
Creates good jobs to build a strong local economy. For fiscal year 2020 it reported $827K in revenue, $879K in expenses, and $288K in net assets.Pt I
- Type
- Public charity (501(c)(3)) · Community Development
- Location
- Norfolk, VA
- Website
- www.reinventhr.org
- Filings
- 5 on file (2020–2020)
More identity details & actions ⌄
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Summary of the Filing
Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Nancy Grden’s $260K as President & CEO is at the 99th percentile of top reported officer pay among 1711 $100K–1M community development 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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Nancy Grden | $259,750 | $250,000 | $135,417 | — | — |
| James K Spore | — | — | $153,850 | $231,855 | $225,102 |
| Donnna S Morris | $135,160 | $130,072 | $130,072 | $126,271 | $122,581 |
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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Where the work happens
Virginia Initiative for Growth and Opportunity
RHR serves as the support organization for go va region 5. The time committed to fulfill that role includes processing and managing grants and providing staff support to the regional council.
Bio-Science/Health
Virginia bio prepared a go va competitive application to create a statewide network of bio hubs (patterned after the successful one in charlottesville). One of the four new hubs is planned for hampton roads.
Comprehensive Economic Development Strategy (ceds)
In november 2019, RHR contracted with old dominion university research foundation to update the comprehensive economic development strategy for hampton roads. The scope of work included synthesizing existing reports and documents, including the go virginia region 5 economic growth and diversification plan.
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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 | 75% | — | — |
| Overhead ratio | 25% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Legal fee ratio | 0.2% | — | — |
| Accounting fee ratio | 2% | — | — |
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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