Improve the economic success and quality of life for everyone in the Rva and 757 regions.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

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
4 of 6
filings with a surplus
Average surplus $16K a year · 3% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
5 mo
of spending, in cash
Looks good: 5.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $90K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$224K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
63
of 63 voting members
Looks good: 63 of 63 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$540K
+130% vs prior year
Spent
$466K
To programs
86%
Net assets
$171K
By yearFY2020–FY2025
Revenue
$540K
FY2021▲ +130%
Tap a bar for its year
Revenue by fiscal year
FY2020$235K
FY2021$540K
FY2022$507K
FY2023$668K
FY2024$629K
FY2025$771K
Expenses
$466K
FY2021▲ +238%
Tap a bar for its year
Expenses by fiscal year
FY2020$138K
FY2021$466K
FY2022$464K
FY2023$715K
FY2024$726K
FY2025$743K
Net assets
$171K
FY2021▲ +76%
Tap a bar for its year
Net assets by fiscal year
FY2020$97K
FY2021$171K
FY2022$214K
FY2023$167K
FY2024$70K
FY2025$92K

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 Mar 2020.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $402K Management & general 7% · $34K Fundraising 6% · $29K

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

62 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Co-Chairman
$0Pt VII · Sec A
President and CEO
$0Pt VII · Sec A
Secretary and Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gregory J Gilligan’s $132K as Vice President is at the 86th 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 · 2 named individuals · Part VII

NameFY2025FY2024
Greg Gilligan—$147,250
Gregory J Gilligan$131,551—

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.

See Rva Hampton Roads Mega Region Collaborative executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters regional collaboration and hosts events to boost economic growth and quality of life across the Richmond and Hampton Roads areas.

Questions for Rva Hampton Roads Mega Region Collaborative

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Provided by the organization

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1 program · $402K · in their own filed words · FY2021
01

Provide information for director and member education on important issues, establish and build on the I-64 innovation corridor brand, and identify and advance major opportunities that will meaningfully benefit and advance our two regions for generations come.

$402Kprogram 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
Total grants receivedfrom 3 funders$90K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$540K
Ln 12
Gifts and grantsLn 1h$540K
Investment incomeLn 3$11
Money outPt IX
$466K
Ln 25
Programscol B$402K
Managementcol C$34K
Fundraisingcol D$29K
Owns and owesPt X
$171K
net assets · Ln 32
Cash and savingsLn 1–2$207K
Total assetsLn 16$395K
LiabilitiesLn 26$224K
PeoplePt VI, VII
62
listed · VII A
PaidVII A0
Voting boardVI 1a63
IndependentVI 1b63
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$540K
Investment incomeLn 3$11
Total revenueLn 12$540K
Assets in detailPt X, end of year
CashLn 1$207K
Cash and savings togetherLn 1–2$207K
Total assetsLn 16$395K
LiabilitiesLn 26$224K
Net assetsLn 32$171K
OperationsPt I, VI
EmployeesI 50
VolunteersI 655
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$97K$207K
Total assetsLn 16$97K$395K
LiabilitiesLn 26$0$224K
Net assetsLn 32$97K$171K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$343K$285K$29K$29K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$37K$37K$146
Advertising and promotionLn 12$2K$2K
Information technologyLn 14$78K$78K
InsuranceLn 23$1K$1K
Total functional expensesLn 25$466K$402K$34K$29K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $771K$743K$27K$92K 990 PDF
FY2024 $629K$726K−$97K$70K 990 PDF
FY2023 $668K$715K−$47K$167K 990 PDF
FY2022 $507K$464K$43K$214K 990 PDF
FY2021 Viewing $540K$466K$74K$171K 990 PDF
FY2020 $235K$138K$97K$97K 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 $539,620 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $235,000$539,609
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $5$11
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $235,005$539,620
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $137,763$465,889
I-18 Total expensesPrior year $137,763$465,889
I-19 Revenue less expensesPrior year $97,242$73,731
Part VI · Governance 63 of 63 board members independent, 3 to look at
VI-1a Voting members of the governing body63
VI-1b Independent voting members63
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $539,620 across 4 lines filed
VIII-1f All other contributions, gifts and grants$539,609
VIII-1h Total contributions, gifts and grants$539,609
VIII-3 Investment incomeExcluded from tax $11$11
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $11$539,620
Part IX · Statement of functional expenses $465,889 across 7 lines filed
IX-11a Management feesPrograms $284,818 · Management $29,200 · Fundraising $29,200$343,218
IX-11b Legal feesManagement $2,850$2,850
IX-11c Accounting feesManagement $2,050$2,050
IX-11g Other fees for servicesPrograms $37,117 · Management $146$37,263
IX-12 Advertising and promotionPrograms $1,675$1,675
IX-14 Information technologyPrograms $77,650$77,650
IX-23 InsurancePrograms $1,183$1,183
IX-25 Total functional expensesPrograms $402,443 · Management $34,246 · Fundraising $29,200$465,889
Part X · Balance sheet $395,297 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $97,242$206,697
X-4 Accounts receivableStart of year $0$188,600
X-16 Total assetsStart of year $97,242$395,297
X-17 Accounts payable and accrued expenses$224,324
X-26 Total liabilitiesStart of year $0$224,324
X-27 Net assets without donor restrictionsStart of year $97,242$170,973
X-32 Total net assets or fund balancesStart of year $97,242$170,973
X-33 Total liabilities and net assetsStart of year $97,242$395,297
Part XI · Reconciliation of net assets $170,973 net assets at year end
XI-1 Total revenue$539,620
XI-2 Total expenses$465,889
XI-3 Revenue less expenses$73,731
XI-4 Net assets at start of year$97,242
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$170,973

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

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