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
80 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
78 people listed on the 990; $147K paid to officers and key staff.
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
| Name | FY2025 | FY2024 |
|---|---|---|
| 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 →Are you one of these people? Claim this org to confirm your role
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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.
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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.
Advancing Our Global Internet Hub Plan
Last year marked our shift from planning to implementation. This included:-running the global internet hub council following our global internet hub strategic PLAN.- distributing thousands of our global internet hub maps showcasing our megaregion's digital assets see a copy HERE.- educating the general assembly's technology COMMITTEE.-…
Hosting Convergence 2024
Convergence 2024, held on october 1, was a resounding success. Nearly 200 attendees joined us in a new venue, and we achieved record sponsorship support.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $192K | $61K |
| Total assetsLn 16 | $200K | $71K |
| LiabilitiesLn 26 | $33K | $732 |
| Net assetsLn 32 | $167K | $70K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $166K | $133K | $25K | $8K |
| Other salaries and wagesLn 7 | $61K | $12K | $49K | |
| Other employee benefitsLn 9 | $6K | $1K | $5K | |
| Payroll taxesLn 10 | $16K | $10K | $5K | $560 |
| Management feesLn 11a | $353K | $318K | $18K | $18K |
| Legal feesLn 11b | $890 | $890 | ||
| Accounting feesLn 11c | $5K | $5K | ||
| Other fees for servicesLn 11g | $49K | $49K | $480 | |
| Advertising and promotionLn 12 | $36K | $36K | ||
| Office expensesLn 13 | $11K | $11K | ||
| TravelLn 17 | $8K | $8K | ||
| Conferences, conventions and meetingsLn 19 | $11K | $11K | ||
| InsuranceLn 23 | $1K | $1K | ||
| Other expenses (24a–d)Ln 24 | $275 | $275 | ||
| Total functional expensesLn 25 | $726K | $580K | $119K | $27K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $771K | $743K | $27K | $92K | 990 PDF |
| FY2024 Viewing | $629K | $726K | −$97K | $70K | 990 PDF |
| FY2023 | $668K | $715K | −$47K | $167K | 990 PDF |
| FY2022 | $507K | $464K | $43K | $214K | 990 PDF |
| FY2021 | $540K | $466K | $74K | $171K | 990 PDF |
| FY2020 | $235K | $138K | $97K | $97K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $629,166 across 5 lines filed
Part IX · Statement of functional expenses $725,989 across 14 lines filed
Part X · Balance sheet $70,652 assets, 8 lines filed
Part XI · Reconciliation of net assets $69,920 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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