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Hampton Roads Executive Roundtable

EIN 81-0938538 · Norfolk, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair67 out of 100GovernanceGood80 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO IMPROVE THE REGION'S TRAJECTORY OF ECONOMIC GROWTH AND COMPETITIVENESS THROUGH THOUGHT LEADERSHIP, ESTABLISHING AND MONITORING THE ECONOMIC DEVELOPMENT AND INNOVATION STRATEGY IN AN EQUITABLE MANNER, AND FOSTERING COLLABORATION AMONG ECONOMIC DEVELOPMENT PARTNERS.

Income
$904,112
Spending
$964,039
Spent on programs
63%
Reserves
12.4 months of spending
Largest source of income
donations and private grants, 72%
Employees
5
Volunteers
40
Highest pay
$259,750, president & ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 67 out of 100. Higher than 39% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    35 of 35

    Spendable reserves would cover 12.4 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    4 of 15

    Spending exceeded income by 7% of income.

  • Income trend

    0 of 15

    Income fell 41% on the year before.

  • Spending floor

    8 of 15

    63% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 80 out of 100. Higher than 56% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    34 of 34 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $607,471 spent. VIRGINIA INITIATIVE FOR GROWTH AND OPPORTUNITY: HAMPTON ROADS EXECUTIVE ROUNDTABLE SERVES AS THE SUPPORT ORGANIZATION FOR GO VA REGION 5. THE TIME COMMITTED TO FULFILL THAT ROLE INCLUDES PROCESSING AND MANAGING GRANTS AND PROVIDING STAFF SUPPORT TO THE REGIONAL COUNCIL. ONLY A PORTION OF THE COSTS INCURRED FOR STAFFING AND GRANT MANAGEMENT SUPPORT ARE RECOVERED THROUGH REMITTANCES ISSUED TO THE COMMONWEALTH OF VIRGINIA. ($ 532,552 WAS SPENT IN 2024 BY THE ROUNDTABLE FOR SALARIES/BENEFITS AND SPECIFIC OPERATIONAL COSTS SHARED WITH GO VA. OF THAT AMOUNT THE ROUNDTABLE WAS REIMBURSED $ 250,000). (CONTINUED ON SCHEDULE O)JEFFERSON LAB HIGH PERFORMANCE DATA FACILITY (HPDF): THE ROUNDTABLE ENGAGED TECONOMY PARTNERS TO IDENTIFY OPPORTUNITIES FOR REGIONAL ECONOMIC DEVELOPMENT LEVERAGE OF THE HPDF SUPERCOMPUTING CAPABILITIES. THE INVESTMENT TIED TO THIS PROJECT IS $ 154,900, WITH $ 99,900 REIMBURSED THROUGH A GO VIRGINIA PLANNING GRANT. THE PRODUCT BEING THE DEVELOPMENT OF A SITUATIONAL ANALYSIS AND RECOMMENDATIONS FOR A REGIONAL INNOVATION AND COMMERCIALIZATION INITIATIVE AND POSSIBLE DEVELOPMENT OF AN INNOVATION DISTRICT ADJACENT TO JLAB, CONSIDERED A MAJOR RESOURCE IN ATTRACTING AND GROWING BUSINESSES AND TALENT REQUIRING THESE CAPABILITIES.MARITIME ENTRY TO EMPLOYMENT TRAINING PROGRAM (MEET): THE MEET PROJECT HAS TRANSFORMED HOW THE HAMPTON ROADS REGION PREPARES WORKERS FOR HIGH-DEMAND MARITIME TRADES BY CREATING AN ACCELERATED, TECHNOLOGY-ENABLED TRAINING PIPELINE. BY COMBINING SIMULATION-BASED TRAINING, HYBRID ONLINE AND IN-PERSON DELIVERY, AND DIRECT INDUSTRY ENGAGEMENT, MEET CREATED A REPLICABLE MODEL THAT SHORTENS LEARNING CURVES, IMPROVES JOB READINESS, AND INCREASES STUDENT ENGAGEMENT IN TRADITIONALLY DIFFICULT-TO-FILL TRADES. MEET EXCEEDED THE GOAL METRICS OF BOTH STUDENTS SERVED, AND BUSINESSES SERVED. THE TOTAL INVESTMENT IN THIS PROJECT WAS $ 1,704,740, WITH $ 1,090,527 COMING FROM A GO VIRGINIA PER CAPITA GRANT.ADDITIONAL SUMMARIES, IF NEEDED:NATIONAL DEFENSE INDUSTRIAL STRATEGY (NDIS): THE ROUNDTABLE CONVENED MEETINGS WITH US FLEET FORCES COMMAND TO DISCUSS ALIGNMENT OF THE BUSINESS COMMUNITY WITH THE NDIS. SIMILARLY, THE ROUNDTABLE HAS WORKED TO CONNECT MILITARY LEADERS WITH REGIONAL QUALITY OF LIFE INITIATIVES (I.E., CHILDCARE, HOUSING, AND MENTAL HEALTH). WE ALSO COORDINATED WITH THE HAMPTON ROADS ALLIANCE'S INITIATIVE FOR A "REGIONAL INVESTMENT PLAYBOOK" THAT ALIGNS WITH OUR REGIONAL ASSETS, INCLUDING GO VIRGINIA FUNDING IN THE AMOUNT OF $100,000. OUT-MIGRATION AND TALENT ATTRACTION/RETENTION INITIATIVE: A REGIONAL STEERING GROUP LED BY THE ROUNDTABLE AND HAMPTON ROADS WORKFORCE COUNCIL (HRWC) WAS ESTABLISHED TO IDENTIFY: (1) TALENT RETENTION AND ATTRACTION INITIATIVES AND BUDGET; AND (2) POTENTIAL FUNDING AND ADVOCACY. STATE FUNDING OPTIONS WITH VIRGINIA ECONOMIC DEVELOPMENT PARTNERSHIP (VEDP) WERE PURSUED, INCLUDING A PILOT PROJECT IN HAMPTON ROADS WITH CURRENT FISCAL YEAR VEDP FUNDS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.