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EIN 47-3707235

Flywheel Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Winston Salem
State
North Carolina
Year formed
2015
Most recent tax filings
2023-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
The Flywheel Foundation accelerates entrepreneurship through tailored support, community connections, and resources, fostering economic development and purpose-driven collaboration among startups.
Total revenues
$499,451
2023
Total expenses
$423,672
2023
Total assets
$313,466
2023
Num. employees
0
2023

Program areas at Flywheel Foundation

Technical services- one on one technical services including developing financial projections, pitch decks, and marketing plans. Flywheel courses learning management system- development of courses offered to entrepreneurs. Grants were issued to support new business start-ups. Production of entrepreneurship focused events.

Grants made by Flywheel Foundation

GranteeGrant descriptionAmount
Zabs PlaceOperations$20,000

Who funds Flywheel Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mariam and Robert Hayes Charitable TrustCabarrus Center Expansion$50,000
The Cannon FoundationCabarrus Center Expansion$50,000
Flow FoundationCommunity Involvement Programs$20,000
...and 1 more grant received

Personnel at Flywheel Foundation

NameTitleCompensation
Andrea HowellPartner and Chief Operating Officer
Jill AthertonExecutive Director$67,083
Erin McHughCommunity Manager and Director of Operations
Adrian SmithPast Executive Director$69,458
Irene WongSecretary$0
...and 3 more key personnel

Financials for Flywheel Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$437,888
Program services$61,563
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$499,451

Form 990s for Flywheel Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-07-18990View PDF
2022-122023-11-14990View PDF
2021-122022-07-21990View PDF
2020-122021-10-26990EZView PDF
Data update history
August 31, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 31, 2024
Updated personnel
Identified 2 new personnel
July 20, 2024
Received grants
Identified 1 new grant, including a grant for $50,000 from Mariam and Robert Hayes Charitable Trust
May 19, 2024
Received grants
Identified 2 new grant, including a grant for $50,000 from The Cannon Foundation
January 24, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsCivic / social organizationsBusiness and community development organizationsCharities
Issues
Human servicesBusiness and industry
Characteristics
Partially liquidatedReceives government fundingCommunity engagement / volunteeringTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
500 W 5th St Suite 800
Winston Salem, NC 27101
Metro area
Winston-Salem, NC
County
Forsyth County, NC
Website URL
flywheelcoworking.com/ 
Phone
(336) 725-7808
IRS details
EIN
47-3707235
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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