Flywheel Foundation
TO SUPPORT ENTREPRENEURSHIP THROUGH RESEARCH, ECOSYSTEM DEVELOPMENT, EDUCATION AND INVESTMENT.
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Organization Overview
WINSTONSALEM, NC 27101
Grants Given by Year
Grants Received by Year
This organization also receives grants. See Funding Received below for details.
IRS Classification Codes
Organizations that provide multipurpose centers or services that meet the needs and interests of a particular target population. Use this code for centers or services for special populations not specified below or for facilities that serve multiple special populations.
The National Taxonomy of Exempt Entities (NTEE) code is a four digit code used to classify an exempt IRC 501(c)(3) organization.
Subsection Codes are the codes shown under section 501(c) of the Internal Revenue Code of 1986 which define the category under which an organization may be exempt.
Asset Codes relate to the amount of assets shown on the most recent Form 990 series return filed by the organization.
Affiliation Code defines the organizational grouping.
Deductibility Code signifies whether contributions made to an organization are deductible.
Supplemental Information (2024)
GRANTEES WILL PROVIDE A WRITTEN AND IN-PERSON FINAL REPORT THAT PROVIDES INFORMATION ON THE ACHIEVEMENT OF MILESTONES, USE OF FUNDS, AND FUTURE PLANS FOR THE COMPANY. ANY MATERIAL CHANGES IN THE PREVIOUSLY MENTIONED REPORT CONTENTS WILL REQUIRE WRITTEN APPROVAL FROM THE FLYWHEEL FOUNDATION. GRANTEES AGREE TO PROVIDE INFORMATION FOR A PERIOD OF FIVE YEARS AFTER THE GRANT PERIOD.
Source: IRS Form 990 Schedule I supplemental information.
Funding Received
Verified from IRS Form 990 Schedule I filings by this organization's funders - 6 grants from 6 funders, 2017-2022.
| Funder | Year | Amount | Purpose |
|---|---|---|---|
| NC IDEA | 2022 | $5K | ENGAGE GRANTS |
| THE CANNON FOUNDATION INC | 2021 | $50K | CONCORD ENTREPRENEURSHIP AND INNOVATION CENTER POWERED BY FLYWHEEL |
| THE WINSTON-SALEM FOUNDATION | 2021 | $28K | 4 GRANT(S) FOR VARYING PURPOSES |
| TRUIST FOUNDATION FKA SUNTRUST FOUNDATION | 2021 | $20K | GENERAL OPERATING |
| MARIAM and ROBERT HAYES CHARITABLE TRUST | 2020 | $50K | GENERAL SUPPORT |
| FLOW FOUNDATION INC | 2017 | $10K | COMMUNITY INVOLVEMENT PROGRAMS |