GREATER WILLIAMSBURG PARTNERSHIP INC

EIN: 814433278

WILLIAMSBURG, VA

Total Revenue
$332,121
Total Expenses
$318,386
Total Assets
$82,738
Net Assets
$69,856
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
VA
Principal Officer
STEVE MEADE
Phone
7572006500
Tax Period
2017-07-01 to 2018-06-30

GREATER WILLIAMSBURG PARTNERSHIP INC, founded in 2017, is a small nonprofit that reported $332K in total revenue in fiscal year 2017. Revenue surged 77% from the prior year, signaling strong growth momentum. Expenses of $318K left a modest 4% surplus.

Mission

THE PARTNERSHIP'S MISSION IS TO PROVIDE ECONOMIC DEVELOPMENT PROGRAMS TO BUSINESSES IN THE GREATER WILLIAMSBURG, VIRGINIA REGION INCLUDING INCENTIVES, SITE SELECTION ASSISTANCE, WORKSHOPS, SEMINARS AND ROUNDTABLES TO EDUCATE INDUSTRY AND FOSTER GROWTH. ADDITIONALLY, THE PARTNERSHIP THROUGH ITS LAUNCHPAD PROGRAM, PROVIDES A WORLD CLASS BUSINESS INCUBATOR THAT FOSTERS A SUCCESSFUL ENTREPRENEURIAL COMMUNITY BY PROVIDING FACILITIES, ADVISORY SERVICES AND AMENITIES THAT WILL ALLOW BUSINESSES TO START, GROW AND REACH THEIR HIGHEST POTENTIAL.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $322,761
Program Service Revenue $9,224
Investment Income $136
Other Revenue $0
TOTAL REVENUE $332,121

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $8,396
Other Expenses $318,386
TOTAL EXPENSES $318,386

Year-over-Year Comparison

2017 2016 Change
Revenue $332,121 $187,639 +0.8%
Expenses $318,386 $131,518 +1.4%
Net Income $13,735 $56,121 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE MEADE GWP CHARIMAN 1.00
Officer Director
$0 $0 $0
BILL CARR GWP VICE CHA 1.00
Officer Director
$0 $0 $0
LEIGH HOUGLAND GWP TREASURE 1.00
Officer Director
$0 $0 $0
JULIE SUMMS GWP MEMBER/L 1.00
Officer Director
$0 $0 $0
ADAM STEELY GWP MEMBER 1.00
Director
$0 $0 $0
JIM NOEL GWP/LAUNCHPA 1.00
Director
$0 $0 $0
MICHELE MIXNER DEWITT GWP/LAUNCHPA 1.00
Director
$0 $0 $0
LESLIE SCHULTZ-HENDERSON LAUNCHPAD ME 1.00
Director
$0 $0 $0
ROBIN CARSON GWP MEMBER 1.00
Director
$0 $0 $0
AMY JORDAN GWP/LAUNCHPA 1.00
Director
$0 $0 $0
MARY ROGERS LP SEC/TREAS 1.00
Officer Director
$0 $0 $0
TIM HARRIS LAUNCHPAD ME 1.00
Director
$0 $0 $0
PAUL GERHARDT LAUNCHPAD ME 1.00
Director
$0 $0 $0
ARCH MARSTON GWP MEMBER 1.00
Director
$0 $0 $0
RICK MOBERG GWP MEMBER 1.00
Director
$0 $0 $0
DR PATRICK TOMPKINS GWP MEMBER 1.00
Director
$0 $0 $0
SAL SOTIS LAUNCHPAD VI 1.00
Officer Director
$0 $0 $0
RICK OVERY LAUCHPAD MEM 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $332,121 $318,386 $82,738 $13,735
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