REV1 Ventures
REV1 Ventures reported $11.9 million in revenue and $11.1 million in expenses for calendar year 2024. Of every $100 it spent, $88.92 went to program services, $11.08 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 65.8% of the total. Government grants made up 38.5%. The highest compensation it reported for one person was $828,829 (CEO & PRESIDENT). 16 people received more than $100,000 in reportable compensation. Revenue fell 16% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $12MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.9% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.1% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 65.8% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 38.5% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 31.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $828,829 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 7.47% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 16 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 34.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 13 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseStartup studio- rev1 supports start-ups through the first experts leads an ongoing, data-driven process that ensures entrepreneurs develop products people want and companies people need. Top 10 ubi incubator, offering technically focused entrepreneurs flexible office and lab space to help start their companies along side the rev1 team of advisory experts
Fund management- rev1's investment team handles the intake, vetting and investment due diligence for multiple investment funds targeting a broad range of high-growth tech startups, including it and health it, biosciences, advanced materials, agribusiness, and advanced and alternative energy. Rev1 also handles the daily accounting and coordinates annual tax returns
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO & PRESIDENT Director/trustee, officer, 40.00 hrs/week | $785,600 | $0 | $43,229 | $828,829 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $308,591 | $0 | $46,167 | $354,758 |
| EVP, INVESTMENT FUNDS Officer, 40.00 hrs/week | $304,305 | $0 | $45,995 | $350,300 |
| EVP, CHIEF OPERATIONS OFFICER Officer, 40.00 hrs/week | $329,305 | $0 | $13,289 | $342,594 |
| EVP, INVESTMENTS & VENTURE ACCELERATION Officer, 40.00 hrs/week | $286,003 | $0 | $32,672 | $318,675 |
| MANAGING DIRECTOR, CORPORATE PARTNERSHIPS Highest compensated employee, 40.00 hrs/week | $197,392 | $0 | $39,897 | $237,289 |
| VICE PRESIDENT, CORPORATE PARTNERSHIPS Officer, 40.00 hrs/week | $222,320 | $0 | $6,773 | $229,093 |
| MANAGING DIRECTOR, ENTREPRENEUR PROGRAMS Highest compensated employee, 40.00 hrs/week | $186,420 | $0 | $39,320 | $225,740 |
16 people received more than $100,000 in reportable compensation from REV1 Ventures (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.8M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 540
Correct a figure or respond
Every number above is copied from REV1 Ventures's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for REV1 Ventures, you can publish a response that is linked from this page.
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Of every $100 REV1 Ventures spent in 2024, $88.92 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of REV1 Ventures's spending goes to programs?
In calendar year 2024, REV1 Ventures reported that 88.9% of its $11.1 million in expenses went to program services, 11.1% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does REV1 Ventures pay its top executive?
The largest total compensation REV1 Ventures reported for one person in calendar year 2024 was $828,829, for the role of CEO & PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does REV1 Ventures get its money?
Of $11.9 million in revenue in calendar year 2024, 65.8% came from contributions and grants (including 38.5% from government grants) and 31.0% from program service revenue (Form 990, Part VIII).
Is REV1 Ventures a registered charity?
The IRS lists EIN 31-1658220 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543189349305744 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413189349305881 · read the filing
- 2022: Form 990 for calendar year 2022, object 202303089349300305 · read the filing
- 2021: Form 990 for calendar year 2021, object 202223189349300947 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143169349301344 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043219349302444 · read the filing
All filings for EIN 31-1658220: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.