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Reinvent Hampton Roads

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810938538 ✦ Norfolk, VA ✦ Designated as a 501(c)(3)

Overview

What is Reinvent Hampton Roads?

Reinvent Hampton Roads is a community leadership initiative, based in Norfolk, Virginia, with a focus on fostering a robust economy. They serve as the supporting organization for GO VA Region 5, managing grants and providing staff support. In 2022, they spent $514,842.56 on salaries, benefits, and operational costs, receiving a reimbursement of $250,000 from the Commonwealth of Virginia. Reinvent Hampton Roads also acted as the grant administrator for various projects, such as the Hampton Roads Economic Development Sites Readiness Phase II and the 757 Collab initiative. The latter project, funded through a GO Virginia grant and matching funds, successfully created over 1,000 jobs, raised $98.5 million in capital, and deployed $17.1 million in capital, serving 257 businesses.


Official website here: www.reinventhr.org

Is Reinvent Hampton Roads legitimate?

Reinvent Hampton Roads is a legitimate nonprofit organization registered as a 501(c)(3) entity. Reinvent Hampton Roads submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $471,505

For more financial information, click here


Official website here: www.reinventhr.org

What is the mission statement of Reinvent Hampton Roads?

Reinvent Hampton Roads is a community leadership initiative with a mission to foster a vibrant economy by encouraging collaboration among local municipalities, educational institutions, and businesses. Their goal is to generate high-paying, satisfying jobs, thereby underpinning an economically prosperous region. They accomplish this by supporting various projects and initiatives, such as grant administration and site readiness programs, which ultimately attract new businesses and create job opportunities. Their efforts have resulted in the development of several industrial parks and commercial centers, leading to an estimated increase in employment and revenue for the region.


Official website here: www.reinventhr.org

Who is the CEO of Reinvent Hampton Roads?

Nancy Grden is the President & Ceo of Reinvent Hampton Roads. The CEO's salary of Reinvent Hampton Roads is $135,417 and their total compensation is $135,417.


Official website here: www.reinventhr.org

What is the revenue of Reinvent Hampton Roads?

Reinvent Hampton Roads's revenue in 2022 was $822,550.


Official website here: www.reinventhr.org

Who are the executives of Reinvent Hampton Roads and what are their salaries?

The average compensation at Reinvent Hampton Roads during 2022 was $117,876. There are 4 employees and 20 volunteers at Reinvent Hampton Roads.

Here are 23 key members and their salaries (Reinvent Hampton Roads's CEO's salary is $135,417 and their total compensation is $135,417):

    James K Spore (President & Ceo (Former))
  • Compensation: $153,850
  • Related: $0
  • Other: $0

    • Donnna S Morris (Executive Vice President)
  • Compensation: $130,072
  • Related: $0
  • Other: $16,500

    • Nancy Grden (President & Ceo) [Trustee/Director]
  • Compensation: $135,417
  • Related: $0
  • Other: $0

    • John O Wynne (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Deborah M Dicroce (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • G Robert Aston Jr (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Frantz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rony Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan Witt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Murphy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Lawson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Harry Lester (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer R Boykin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gilbert Bland (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Crum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Sasser (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Monique Adams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glenn Carrington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Howard H Hoege Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan H Kelly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Kibler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Miles Leon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.reinventhr.org

    Where can I find the form 990 for Reinvent Hampton Roads?

    The Reinvent Hampton Roads’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.reinventhr.org

    Learn more at the official website: www.reinventhr.org

    Mission Statement of Reinvent Hampton Roads

    Reinvent Hampton Roads is a community leadership initiative with a mission to drive the generation of high-paying, satisfying jobs to bolster a robust economy. By fostering collaboration among municipalities, educational institutions, and businesses, this organization aims to create an environment that attracts and sustains lucrative employment opportunities. This initiative serves as the support organization for GO VA Region 5, managing grants and offering staff support to the regional council, although only a portion of the associated costs are recovered through remittances.

    Additionally, Reinvent Hampton Roads plays a vital role in economic development projects. For instance, it served as the grant administrator for a GO Virginia grant awarded to the Hampton Roads Planning District Commission, which was used to elevate several industrial parks and commercial centers to Tier 4 or Tier 2 status. These upgrades are expected to attract new businesses, resulting in an estimated 400 new jobs and generating an estimated $6.1 million in state income and tax revenue within five years.

    In summary, Reinvent Hampton Roads is committed to improving the regional economy by encouraging collaboration among key stakeholders and driving the creation of high-paying, satisfying jobs. Through its grant management and project administration roles, the organization helps transform and develop industrial sites, ultimately attracting new businesses and driving economic growth.

    Impact

    This information is meant to be a general summary of Reinvent Hampton Roads. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Reinvent Hampton Roads plays a vital role in driving economic growth and job creation in the region. Through various initiatives and projects, it has successfully attracted new businesses, expanded economic development sites, and facilitated the creation of high-paying jobs. Its efforts have resulted in the generation of significant income and tax revenue for the state, with estimates pointing towards the creation of hundreds of new jobs within a five-year span. Additionally, by serving as a grant administrator for key programs like 757 Collab, Reinvent Hampton Roads has furthered the diversification of the regional economy and fostered entrepreneurial growth, leading to substantial job creation and capital infusion.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $35
  • Program Service Revenue: $0
  • Gross Receipts: $822,550

    • Assets and Liabilities:
  • Total Assets: $406,602
  • Total Liabilities: $20,624
  • Net Assets: $385,978
  • Organization Details

    Founding Year

    2015

    Principal Officer

    Nancy Grden

    Main Address

    101 W MAIN STREET 1000, NORFOLK, VA, 23510

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Reinvent Hampton Roads and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.