Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2016.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
75 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
24 people listed on the 990; $348K paid to officers and key staff.
Nancy Grden’s $260K as President & CEO is at the 99th percentile of top reported officer pay among 1709 $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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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 15aNo
Programs and updates
Creates good jobs to build a strong local economy.
Questions for Hampton Roads Executive Roundtable
Your first name shows with your question. Hampton Roads Executive Roundtable answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $349K | $255K |
| Land, buildings, equipmentLn 10c | $22K | $15K |
| Total assetsLn 16 | $410K | $329K |
| LiabilitiesLn 26 | $71K | $41K |
| Net assetsLn 32 | $340K | $288K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $348K | $242K | $107K | |
| Other salaries and wagesLn 7 | $40K | $6K | $34K | |
| Other employee benefitsLn 9 | $35K | $23K | $13K | |
| Payroll taxesLn 10 | $25K | $16K | $9K | |
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $17K | $17K | ||
| Office expensesLn 13 | $41K | $21K | $21K | |
| Information technologyLn 14 | $16K | $8K | $8K | |
| TravelLn 17 | $3K | $1K | $1K | |
| Conferences, conventions and meetingsLn 19 | $100 | $50 | $50 | |
| Depreciation, depletion and amortizationLn 22 | $7K | $3K | $3K | |
| InsuranceLn 23 | $4K | $2K | $2K | |
| Other expenses (24a–d)Ln 24 | $342K | $341K | $686 | |
| Total functional expensesLn 25 | $879K | $662K | $217K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $904K | $964K | −$60K | $1.0M | 990 PDF |
| FY2023 | $1.5M | $852K | $683K | $1.1M | 990 PDF |
| FY2022 | $823K | $747K | $76K | $386K | 990 PDF |
| FY2021 | $739K | $717K | $22K | $310K | 990 PDF |
| FY2020 Viewing | $827K | $879K | −$51K | $288K | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $827,295 revenue, 12 lines filed
Part VI · Governance 21 of 22 board members independent, 3 to look at
Part VIII · Statement of revenue $827,295 across 7 lines filed
Part IX · Statement of functional expenses $878,739 across 13 lines filed
Part X · Balance sheet $329,353 assets, 11 lines filed
Part XI · Reconciliation of net assets $288,311 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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