2023-11-14T16:36:18-06:00 2022-12-31 541967771 CAVANAUGH NELSON PLC 999 WATERSIDE DRIVE SUITE 2250 NORFOLK VA 23510 990 2022-01-01 810938538 REINVENT HAMPTON ROADS REIN 7579618181 101 W MAIN STREET 1000 NORFOLK VA 23510 NANCY GRDEN PRESIDENT 7579618181 2023-11-14 1 NANCY GRDEN XXX-XX-XXXX 0 MARK A NELSON P00358004 7575784900 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z NANCY GRDEN 101 W MAIN STREET 1000 NORFOLK VA 23510 822550 0 X WWW.REINVENTHR.ORG X 2015 VA A COMMUNITY LEADERSHIP INITIATIVE FOCUSED ON GENERATING HIGH-PAYING, SATISFYING JOBS TO UNDERPIN A VIBRANT ECONOMY. 20 20 4 20 0 0 739106 822515 0 0 36 35 0 0 739142 822550 0 0 0 0 458113 538725 0 0 0 259125 208062 717238 746787 21904 75763 337298 406602 27083 20624 310215 385978 X A COMMUNITY LEADERSHIP INITIATIVE FOCUSED ON GENERATING HIGH-PAYING, SATISFYING JOBS TO UNDERPIN A VIBRANT ECONOMY BY ENCOURAGING COLLABORATION AMONG THE REGION'S MUNICIPALITIES, EDUCATIONAL INSTITUTIONS, AND BUSINESSES. 0 0 491397 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. ONLY A PORTION OF THE COSTS INCURRED FOR STAFFING AND GRANT MANAGEMENT SUPPORT ARE RECOVERED THROUGH REMITTANCES ISSUED TO THE COMMONWEALTH OF VIRGINIA. ($ 514,842.56 WAS SPENT IN 2022 BY RHR FOR SALARIES/BENEFITS AND SPECIFIC OPERATIONAL COSTS SHARED WITH GO VA. OF THAT AMOUNT RHR WAS REIMBURSED $ 250,000).HAMPTON ROADS ECONOMIC DEVELOPMENT SITES READINESS PHASE II - THE HAMPTON ROADS PLANNING DISTRICT COMMISSION (HRPDC) WAS AWARDED A $ 3,751,545 GO VIRGINIA GRANT TO COMPLETE DUE DILIGENCE WORK FOR THREE SITES IN REGION 5 RECOMMENDED BY EARLIER STUDIES, INCLUDING THE ENHANCED SITE CHARACTERIZATION PROJECT PERFORMED BY THE VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP (VEDP) IN 2019. LEVERAGED WITH LOCAL RESOURCES IN THE AMOUNT OF $ 10,510,326, THESE FUNDS WERE USED TO ELEVATE THREE OAKS INDUSTRIAL PARK (CHESAPEAKE) AND SOUTHAMPTON COMMERCE AND LOGISTICS CENTER (SOUTHAMPTON COUNTY) TO TIER 4, AND BEALE FARM (SOUTHAMPTON COUNTY) TO TIER 2. EACH OF THESE SITES WILL ATTRACT NEW BUSINESS DEVELOPMENT TO THE REGION, RESULTING IN AN ESTIMATED 400 NEW JOBS AND AN ESTIMATED $ 6.1 MILLION IN STATE INCOME AND TAX REVENUE WITHIN 5 YEARS OF DEVELOPMENT. REINVENT HAMPTON ROADS SERVED AS THE GRANT ADMINISTRATOR.757 COLLAB IS A COLLABORATIVE FUNDING VEHICLE THAT PROVIDES COORDINATION SERVICES FOR THREE CRITICAL ENTREPRENEURIAL SUPPORT RESOURCES - 757 ANGELS, 757 ACCELERATE AND 757 STARTUP STUDIOS - ALL OF WHOM HAVE DEMONSTRATIVE IMPACTS IN DIVERSIFYING THE REGIONAL ECONOMY AND CREATING HIGH PAYING JOBS. 757 COLLAB RECEIVED A GO VIRGINIA GRANT IN THE AMOUNT OF $ 2,420,572 WITH MATCHING FUNDS FROM INDUSTRY, LOCALITIES, AND OTHER SOURCES EQUALING $ 1,585,531. THE PROJECT EXCEEDED ALL OUTCOMES IN 2022 TO INCLUDE CREATING 1,064 JOBS, RAISING $ 98.5 MILLION IN CAPITAL, AND DEPLOYING $ 17.1 MILLION IN CAPITAL, SERVING 257 BUSINESSES. REINVENT HAMPTON ROADS SERVED AS THE GRANT ADMINISTRATOR. 491397 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 4 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 VA X X THE ORGANIZATION 7579618181 101 W MAIN STREET 1000 NORFOLK VA 23510 NANCY GRDEN PRESIDENT & CEO 40.00 X X 135417 0 0 JOHN O WYNNE CHAIRMAN 2.00 X X 0 0 0 DEBORAH M DICROCE DIRECTOR 2.00 X 0 0 0 G ROBERT ASTON JR VICE CHAIRMAN 2.00 X X 0 0 0 THOMAS FRANTZ DIRECTOR 2.00 X 0 0 0 RONY THOMAS DIRECTOR 2.00 X 0 0 0 ALAN WITT DIRECTOR 2.00 X 0 0 0 KEVIN MURPHY DIRECTOR 2.00 X 0 0 0 JOHN LAWSON DIRECTOR 2.00 X 0 0 0 HARRY LESTER DIRECTOR 2.00 X 0 0 0 JENNIFER R BOYKIN DIRECTOR 2.00 X 0 0 0 GILBERT BLAND DIRECTOR 2.00 X 0 0 0 ROBERT CRUM DIRECTOR 2.00 X 0 0 0 BOB SASSER DIRECTOR 2.00 X 0 0 0 MONIQUE ADAMS DIRECTOR 2.00 X 0 0 0 GLENN CARRINGTON DIRECTOR 2.00 X 0 0 0 HOWARD H HOEGE III DIRECTOR 2.00 X 0 0 0 SUSAN H KELLY DIRECTOR 2.00 X 0 0 0 JIM KIBLER DIRECTOR 2.00 X 0 0 0 MILES LEON DIRECTOR 2.00 X 0 0 0 DOUG SMITH DIRECTOR 2.00 X 0 0 0 DONNNA S MORRIS EXECUTIVE VICE PRESIDENT 40.00 X 130072 0 16500 JAMES K SPORE PRESIDENT & CEO (FORMER) 40.00 X 153850 0 0 419339 0 16500 3 1 1 0 0 250000 572515 12350 822515 35 35 822550 0 0 35 471505 301268 170237 31352 20065 11287 35868 22956 12912 43 43 19105 19105 22546 22546 10367 5183 5184 1336 668 668 12350 6175 6175 2376 1188 1188 4561 2280 2281 2438 1219 1219 3271 1635 1636 CONTRACTED SERVICES AND 127852 127852 OTHER EXPENSES 1817 908 909 746787 491397 255390 0 219489 349323 105805 54939 7226 23139 20799 4778 2340 337298 406602 27083 20624 27083 20624 X 265215 385978 45000 0 310215 385978 337298 406602 75763 0 X 0 1 X 0 0 X 700444 820480 827256 739106 822515 3909801 700444 820480 827256 739106 822515 3909801 3909801 42 60 39 36 35 212 3910013 0.99990 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23139 20799 2340 2340 X 867550 45000 45000 822550 0 822550 746787 0 746787 0 746787 PART X, LINE 2: REINVENT HAMPTON ROADS RECEIVED A RULING FROM THE INTERNAL REVENUE SERVICE THAT IT IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND THAT BASED ON ITS ACTIVITIES IT IS CONSIDERED A PUBLIC CHARITY. ACCORDINGLY, NO PROVISION FOR INCOME OR EXCISE TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. REINVENT HAMPTON ROADS TAX RETURNS WILL BE SUBJECT TO EXAMINATION BY AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTIRCTIONS 45,000. 0 0 0 0 0 0 0 0 0 JAMES K SPORE PRESIDENT & CEO (FORMER) 153850 0 0 0 0 0 0 0 0 0 153850 0 0 0 X OFFICE RENT 1 12350 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B N/A FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE PROVIDED UPON REQUEST.