GREATER WILLIAMSBURG PARTNERSHIP INC Charity Report

Tax-exempt status may be revoked

GREATER WILLIAMSBURG PARTNERSHIP INC

EIN 81-4433278

What they do

THE PARTNERSHIPS 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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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2017The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders18 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

2.53%of revenue went to fundraising2.6% of expenses

$95.86spent for every $100 of revenueRevenue covered expenses this year.

17.29%of revenue went to management and office costs18.0% of expenses

$0.26in assets for every $1 spent this yearSome assets cannot be spent right away.

97.2%of its money came from giftsOther money may come from services or investments.

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Money

Financial picture

Tax year 2017

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$332,121

Mission workProgram services0.00% of revenue0.0% of expenses

ManagementOffice and general costs$57,41317.29% of revenue18.0% of expenses

FundraisingAsking for donations$8,3962.53% of revenue2.6% of expenses

Revenue left after expensesReported annual surplus$13,7354.14% of revenueShown in gray on the chart

Total expenses$318,38695.86% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2017CurrentExpense mix: 0.0% mission · 18.0% management · 2.6% fundraisingTotal expenses: 95.86% of revenue

2016Expense mix: 72.5% mission · 19.4% management · 8.1% fundraisingTotal expenses: 70.09% of revenue

Money in and money out

Revenue$332,121

Expenses$318,386

Annual surplus $13,735 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Management and office costs$57,413 · 18.0% of expenses

Fundraising$8,396 · 2.6% of expenses

See all reported dollar amounts

Revenue$332,121

Expenses$318,386

Assets$82,738

Contributions$322,761

Fundraising$8,396

Management and general$57,413

Accounting fees$6,493

People

Leadership and board

Tax year 2017

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (18)

MARY ROGERSLP SEC/TREAS

TIM HARRISLAUNCHPAD ME

STEVE MEADEGWP CHARIMAN

SAL SOTISLAUNCHPAD VI

ROBIN CARSONGWP MEMBER

RICK OVERYLAUCHPAD MEM

RICK MOBERGGWP MEMBER

PAUL GERHARDTLAUNCHPAD ME

MICHELE MIXNER DEWITTGWP/LAUNCHPA

ADAM STEELYGWP MEMBER

LESLIE SCHULTZ-HENDERSONLAUNCHPAD ME

LEIGH HOUGLANDGWP TREASURE

JULIE SUMMSGWP MEMBER/L

JIM NOELGWP/LAUNCHPA

DR PATRICK TOMPKINSGWP MEMBER

BILL CARRGWP VICE CHA

ARCH MARSTONGWP MEMBER

AMY JORDANGWP/LAUNCHPA

About this charity

Location: 4345 NEW TOWN AVENUE SUITE 200, WILLIAMSBURG, VA 23188
County: James City
In care of: STEVE MEADE
Primary officer: STEVE MEADE, GWP CHARIMAN

How to reach them

Phone(757) 200-6500

Filing and classification

Latest tax year: 2017
Tax period began: July 1, 2017
Return type: 990
Tax preparer: ROBINSON FARMER COX ASSOCIATES
Revocation date: November 15, 2021