Startup Virginia is a non-profit, high-growth-business incubator, dedicated to building a long-term, sustainable economy for Virginia. We connect our Startup community to exceptional mentors and extensive programs in a dynamic workplace.

501(c)(3) charity; gifts are tax-deductible.
67¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $106K a year · 11% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
16 mo
of spending, in cash
Looks good: 15.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $347K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$115K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$707K
-9% vs prior year
Spent
$692K
To programs
67%
Net assets
$900K
By yearFY2020–FY2025
Revenue
$707K
FY2021▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$773K
FY2021$707K
FY2022$942K
FY2023$1.0M
FY2024$1.2M
FY2025$1.1M
Expenses
$692K
FY2021▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$586K
FY2021$692K
FY2022$789K
FY2023$939K
FY2024$1.0M
FY2025$1.1M
Net assets
$900K
FY2021▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$885K
FY2021$900K
FY2022$1.1M
FY2023$1.1M
FY2024$1.3M
FY2025$1.3M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2016.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

67 cents of each dollar spent went to programs.

Program services 67% · $466K Management & general 17% · $116K Fundraising 16% · $111K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Richard Wintsch’s $206K as Executive Director is at the 68th percentile of top reported officer pay among 2832 $1–10M 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Richard Wintsch$205,890$187,150$166,079$163,311$123,100
Noelle James$170,048$147,050$128,600$111,843—

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

Incubates high-growth startups to build Virginia's economy, connecting them with mentors and programs.

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Provided by the organization

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1 program · $466K · in their own filed words · FY2021
01

Startup virgina (sva) acts as a front door to ENTREPRENEURSHIP/STARTUP hub for both main street and high potential startups in the richmond, va region by providing a dynamic workspace for high potential companies and eduational programming for the entire COMMUNITY.HIGH potential startups - for sva's high potential member startups sva…

$466Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 7 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$707K
Ln 12
Gifts and grantsLn 1h$394K
Fees for servicesLn 2g$312K
Investment incomeLn 3$1K
Money outPt IX
$692K
Ln 25
Programscol B$466K
Managementcol C$116K
Fundraisingcol D$111K
Owns and owesPt X
$900K
net assets · Ln 32
Cash and savingsLn 1–2$893K
Total assetsLn 16$1.0M
LiabilitiesLn 26$115K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$394K
Government grantsLn 1e$121K
Fees for servicesLn 2g$312K
Investment incomeLn 3$1K
Total revenueLn 12$707K
Assets in detailPt X, end of year
CashLn 1$893K
Cash and savings togetherLn 1–2$893K
Land, buildings, equipmentLn 10c$21K
Total assetsLn 16$1.0M
LiabilitiesLn 26$115K
Net assetsLn 32$900K
OperationsPt I, VI
EmployeesI 54
VolunteersI 6150
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$655K$893K
Land, buildings, equipmentLn 10c$26K$21K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$249K$115K
Net assetsLn 32$885K$900K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$334K$201K$48K$85K
Other employee benefitsLn 9$14K$8K$2K$4K
Payroll taxesLn 10$27K$16K$4K$7K
Other fees for servicesLn 11g$17K$7K$7K$3K
Advertising and promotionLn 12$506$506
Office expensesLn 13$22K$9K$13K
Information technologyLn 14$21K$14K$4K$4K
OccupancyLn 16$128K$109K$15K$4K
TravelLn 17$6K$306$5K$1K
Depreciation, depletion and amortizationLn 22$11K$7K$1K$3K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$104K$95K$9K$131
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$692K$466K$116K$111K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.1M−$13K$1.3M 990 PDF
FY2024 $1.2M$1.0M$200K$1.3M 990 PDF
FY2023 $1.0M$939K$94K$1.1M 990 PDF
FY2022 $942K$789K$153K$1.1M 990 PDF
FY2021 Viewing $707K$692K$15K$900K 990 PDF
FY2020 $773K$586K$187K$885K 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $707,193 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $549,598$393,823
I-9 Program service revenuePrior year $218,723$312,354
I-10 Investment incomePrior year $4,210$1,016
I-11 Other revenuePrior year $773$0
I-12 Total revenuePrior year $773,304$707,193
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $345,551$374,900
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $240,571$317,401
I-18 Total expensesPrior year $586,122$692,301
I-19 Revenue less expensesPrior year $187,182$14,892
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $707,193 across 6 lines filed
VIII-1e Government grants$121,007
VIII-1f All other contributions, gifts and grants$272,816
VIII-1h Total contributions, gifts and grants$393,823
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $312,354$312,354
VIII-3 Investment incomeExcluded from tax $1,016$1,016
VIII-12 Total revenueRelated to mission $312,354 · Unrelated business $0 · Excluded from tax $1,016$707,193
Part IX · Statement of functional expenses $692,301 across 13 lines filed
IX-7 Other salaries and wagesPrograms $201,002 · Management $47,721 · Fundraising $85,254$333,977
IX-9 Other employee benefitsPrograms $8,325 · Management $2,138 · Fundraising $3,717$14,180
IX-10 Payroll taxesPrograms $15,702 · Management $4,032 · Fundraising $7,009$26,743
IX-11g Other fees for servicesPrograms $7,288 · Management $7,063 · Fundraising $3,010$17,361
IX-12 Advertising and promotionPrograms $506$506
IX-13 Office expensesPrograms $9,172 · Management $12,527$21,699
IX-14 Information technologyPrograms $13,500 · Management $3,564 · Fundraising $3,927$20,991
IX-16 OccupancyPrograms $108,547 · Management $15,360 · Fundraising $3,840$127,747
IX-17 TravelPrograms $306 · Management $4,503 · Fundraising $1,024$5,833
IX-22 Depreciation, depletion and amortizationPrograms $6,627 · Management $1,406 · Fundraising $2,623$10,656
IX-23 InsuranceManagement $6,467$6,467
IX-24 Other expenses (24a–d)Programs $94,548 · Management $9,016 · Fundraising $131$103,695
IX-24e All other expensesManagement $2,446$2,446
IX-25 Total functional expensesPrograms $465,523 · Management $116,243 · Fundraising $110,535$692,301
Part X · Balance sheet $1,015,492 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $654,972$893,099
X-3 Pledges and grants receivableStart of year $424,874$84,121
X-4 Accounts receivableStart of year $8,750$500
X-10c Land, buildings and equipment, netStart of year $26,457$21,156
X-14 Intangible assetsStart of year $19,371$16,616
X-16 Total assetsStart of year $1,134,424$1,015,492
X-17 Accounts payable and accrued expensesStart of year $3,717$8,422
X-25 Other liabilitiesStart of year $245,509$106,980
X-26 Total liabilitiesStart of year $249,226$115,402
X-27 Net assets without donor restrictionsStart of year $381,686$807,014
X-28 Net assets with donor restrictionsStart of year $503,512$93,076
X-32 Total net assets or fund balancesStart of year $885,198$900,090
X-33 Total liabilities and net assetsStart of year $1,134,424$1,015,492
Part XI · Reconciliation of net assets $900,090 net assets at year end
XI-1 Total revenue$707,193
XI-2 Total expenses$692,301
XI-3 Revenue less expenses$14,892
XI-4 Net assets at start of year$885,198
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$900,090

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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