2018-11-13T10:58:29-06:00 2017-12-31 541967771 CAVANAUGH NELSON PLC 999 WATERSIDE DRIVE SUITE 2250 NORFOLK VA 23510 990 2017-01-01 810938538 REINVENT HAMPTON ROADS REIN 7579618181 101 W MAIN STREET NO 415 NORFOLK VA 23510 JAMES K SPORE PRESIDENT 7579618181 2018-11-13 1 MARK A NELSON P00358004 7575784900 68.15.155.178 2018-11-13 11:58:08 ES P DA25FB2953D64D543F1B5B7634373238DCC75E50 AF4A4793C83EBA0C02309C2BFD4775AC971671A5 2017 2019-02-21 02:37:17Z JAMES K SPORE 101 W MAIN STREET NO 415 NORFOLK VA 23510 1357810 0 X WWW.REINVENTHR.ORG X 2015 VA A COMMUNITY LEADERSHIP INITIATIVE FOCUSED ON GENERATING HIGH-PAYING, SATISFYING JOBS TO UNDERPIN A VIBRANT ECONOMY. 14 13 3 52 0 0 606013 1357777 0 0 32 33 0 0 606045 1357810 0 0 0 0 253412 382229 0 0 0 92829 811002 346241 1193231 259804 164579 268986 719353 9182 294970 259804 424383 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 282807 REGIONAL INDUSTRY CLUSTER SCALE-UP PROJECT: FOLLOWING COMPLETION OF THE REGIONAL ECONOMIC ANALYSIS REINVENT HAMPTON ROADS ESTABLISHED A METHODOLOGY TO ENCOURAGE THE SCALE-UP OF EXISTING SMALL TO MEDIUM SIZED COMPANIES IN SPECIFIC HIGH GROWTH POTENTIAL INDUSTRY CLUSTERS. THE APPROACH UTILIZES THE CORE VALUE ASSESSMENT TOOL AND SCALE-UP BUSINESS ADVISORY SERVICES FROM GENEDGE. THE GOAL IS TO IDENTIFY SMALLER COMPANIES CAPABLE OF RAPID GROWTH AND JOB CREATION (DOUBLING IN FIVE YEARS). THE GOAL IS TO ENROLL SEVENTEEN COMPANIES BY THE END OF 2018. 79253 HAMPTON ROADS ENTREPRENEURIAL ECO-SYSTEM ASSESSMENT: THIS COMPREHENSIVE LOOK AT THE STATUS OF THE ENTIRE ENTREPRENEURIAL ECO-SYSTEM IN HAMPTON ROADS MAPPED SYSTEM COMPONENTS, INCLUDED LESSONS FROM OTHER ECO-SYSTEMS IN COMPETITIVE REGIONS, AND DESCRIBED BEST PRACTICES NATIONALLY. THE ANALYSIS CONCLUDED THAT WE HAVE GAPS IN THE IDENTIFIED "ACCELERATION PATHWAY". THE REGION IS ESTABLISHING A FIRST CLASS BUSINESS ACCELERATOR AND AN ASSOCIATED SEED FUND TO PROVIDE TIMELY RESOURCES TO PROMISING COMPANIES EXITING THE ACCELERATOR AND PRIOR TO OBTAINING VENTURE CAPITAL. 25000 ENTREPRENEUR-IN-RESIDENCE: THIS PARTNERSHIP BETWEEN THE STATE OF VIRGINIA, NASA, TECH CENTER LLC AND REINVENT HAMPTON ROADS PLACED AN ENTREPRENEUR AT NASA LANGLEY RESEARCH CENTER FOR THE PURPOSE OF INCREASING THE COMMERCIALIZATION OF RESEARCH EFFORTS EMANATING FROM THE FEDERAL LAB. THE INITIAL INTELLECTUAL PROPERTY DISCOVERY PHASE OF THE PROJECT IS COMPLETE WITH SEVERAL PROMISING COMMERCIAL BUSINESS OPPORTUNITIES IDENTIFIED. AN EFFORT TO EXPAND THIS PROGRAM TO THE OPPORTUNITIES AT JEFFERSON LAB WILL OCCUR THROUGHOUT NEXT YEAR AS WELL. 644454 SITE INVENTORY PROJECT: THE LACK OF AN ADEQUATE INVENTORY OF "SHOVEL READY" INDUSTRIAL SITES HAS BEEN REPEATEDLY IDENTIFIED AS A SERIOUS CONSTRAINT TO LANDING NEW EMPLOYERS INTO VIRGINIA AND HAMPTON ROADS. THIS PROJECT REPRESENTS A PARTNERSHIP BETWEEN THE HAMPTON ROADS PLANNING DISTRICT COMMISSION (HRPDC), THE HAMPTON ROADS ECONOMIC DEVELOPMENT ALLIANCE (HREDA), PRIVATE UTILITY PROVIDERS AND REINVENT HAMPTON ROADS TO CREATE A REGIONAL INVENTORY OF AVAILABLE INDUSTRIAL SITES. SITE ASSESSMENTS WILL ALSO IDENTIFY WHAT NEEDS EXIST TO BRING SITES TO A "SHOVEL READY" CONDITION. PHASE ONE OF THE PROJECT (SIZE 100 ACRES+) WAS PRESENTED JANUARY, 2018. A SECOND PHASE IS PLANNED THAT WILL IDENTIFY SMALLER SITES. ONCE SITES ARE IDENTIFIED AND EVALUATED, SPECIFIC PROJECTS TO UPGRADE DEFICIENCIES TO IMPROVE SITE READINESS WILL BE IDENTIFIED. THE REGIONAL INVENTORY WILL BE INTEGRATED INTO THE STATE SYSTEM.PORT OF VIRGINIA OPPORTUNITY STRATEGY: REINVENT HAMPTON ROADS PARTNERED WITH SEVEN CITIES, THE VIRGINIA PORT AUTHORITY, VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP AND THE VIRGINIA MARITIME ASSOCIATION TO CONDUCT A COMPREHENSIVE STUDY TO LOOK AT WAYS TO ATTRACT JOBS AND ADDITIONAL BUSINESS ACTIVITY TO THE PORT. LEVERAGING AND EXPANDING THE IMPACT OF THE PORT ASSET CAN BE A LARGE ECONOMIC BENEFIT FOR THE COMMONWEALTH AND REGION. THE STRATEGY WILL BE COMPLETE IN JANUARY, 2018. REGIONAL WORKFORCE GAP ANALYSIS: WORKING WITH REGIONAL PARTNERS REINVENT HAMPTON ROADS COMPLETED AN ANALYSIS OF THE WORKFORCE. THE PROJECT GOAL IS TO IMPLEMENT SPECIFIC STEPS TO CLOSE IDENTIFIED WORKFORCE GAPS AND DEVELOP AN INTEGRATED WORKFORCE DEVELOPMENT MODEL AS A REGIONAL STRENGTH TO ASSIST IN ATTRACTING NEW BUSINESSES TO HAMPTON ROADS. 644454 1031514 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 3 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 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 NO 415 NORFOLK VA 23510 JAMES K SPORE PRESIDENT & CEO 40.00 X X 206000 0 0 JOHN O WYNNE CHAIR 2.00 X X 0 0 0 DEBORAH M DICROCE DIRECTOR 2.00 X 0 0 0 G ROBERT ASTON JR VICE CHAIR 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 RICK WEDDLE 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 JOHN REINHART DIRECTOR 2.00 X 0 0 0 JENNIFER R BOYKIN DIRECTOR 2.00 X 0 0 0 HOWARD KERN 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 DONNNA S MORRIS EXECUTIVE VICE PRESIDENT 40.00 X 112551 0 0 318551 0 0 2 0 1 0 COREVALUE DEVELOPMENT LLC 85 MECHANIC STREET STE B-12 LEBANON NH 03766 CONSULTING 212500 1 589593 768184 31865 1357777 33 33 1357810 0 0 33 318552 221076 97476 15459 13913 1546 26037 18226 7811 22181 15527 6654 111 111 8345 8345 7946 3973 3973 15370 7685 7685 31865 15932 15933 8343 4171 4172 3307 1654 1653 6565 3282 3283 4669 2334 2335 CONTRACTED SERVICES AND 723000 723000 OTHER EXPENSES 1481 741 740 1193231 1031514 161717 0 204222 488109 25000 166561 30000 47601 12918 39764 34683 268986 719353 9182 294970 9182 294970 X 259804 424383 259804 424383 268986 719353 164579 0 X 0 1 X 0 0 X 606013 1325912 1931925 606013 1325912 1931925 1931925 32 33 65 1931990 X 26702 6676 20026 20899 6242 14657 34683 X 1357810 0 1357810 0 1357810 1193231 0 1193231 0 1193231 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. 0 0 0 0 0 0 0 0 0 JAMES K SPORE PRESIDENT & CEO 206000 0 0 0 0 0 0 0 0 0 206000 0 0 0 X OFFICE RENT 1 31865 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.