Roanoke-blacksburg Innovation Network is a 501(c)(3) organization based in Blacksburg, Virginia, registered in 2014, with $983,798 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$984K
▼ 73.1% vs prior year
Education median: $200K
Expenses (FY2024)
$2.0M
Net assets
$1.4M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Roanoke-blacksburg Innovation Network— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Roanoke-blacksburg Innovation Network: 8 mo reserves · -103% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Roanoke-blacksburg Innovation Network— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Roanoke-blacksburg Innovation Network: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Revenue grew from $133K (FY2013) to $984K (FY2024) across 11 reported years.
Financial snapshot
Operating margin
-103.1%
Spent more than it raised in the latest fiscal year.
Total assets
$1.4M
Total liabilities
$53K
Net assets
$1.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $983,798▼73.1% | $1,998,028▲30.0% | $1,380,619▼41.9% | $1,433,545▼40.7% | 990 |
| 2023 | $3,656,989▲423% | $1,536,698▲56.0% | $2,374,849▲1041% | $2,417,096▲865% | 990 |
| 2022 | $698,775▼26.4% | $984,884▲56.7% | $208,106▼44.6% | $250,605▼48.5% | 990 |
| 2021 | $949,408▲162% | $628,615▲75.6% | $375,524▲586% | $486,721▲427% | 990 |
| 2020 | $362,633▼1.3% | $357,923▼3.0% | $54,731▲9.4% | $92,272▲76.2% | 990 |
| 2019 | $367,553▲37.8% | $368,902▲19.8% | $50,021▼2.6% | $52,359▼7.2% | 990 |
| 2018 | $266,798▲436% | $307,913▲796% | $51,370▼49.3% | $56,407▼45.0% | 990 |
| 2016 | $49,737▼23.6% | $34,356▼10.9% | $101,376▲17.9% | $102,539▲17.0% | 990EZ |
| 2015 | $65,100▼16.2% | $38,559▼26.8% | $85,995▲44.6% | $87,645▲47.4% | 990EZ |
| 2014 | $77,711▼41.7% | $52,676▼46.8% | $59,454▲72.7% | $59,454▲72.7% | 990 |
| 2013 | $133,342 | $98,923 | $34,419 | $34,419 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
15 grants to Roanoke-blacksburg Innovation Network totaling $1.5M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Virginia Innovation Partnership Corporation | Research | 2023 | $200,000 |
| Carilion Medical Center | Program support | 2023 | $100,000 |
| Carilion Medical Center | Program support | 2022 | $325,000 |
| Virginia Innovation Partnership Corporation | Research | 2022 | $100,000 |
| National Philanthropic Tr | Education | 2022 | $10,000 |
| Carilion Medical Center | Program support | 2021 | $100,000 |
| Virginia Innovation Partnership Corporation | Research | 2020 | $200,000 |
| Carilion Medical Center | General support | 2019 | $100,000 |
| Carilion Medical Center | General operations and programs | 2018 | $115,000 |
| Carilion Medical Center | General operations and programs | 2017 | $85,000 |
| National Philanthropic Tr | Human services | 2017 | $23,000 |
| National Philanthropic Tr | Education | 2016 | $23,000 |
| Carilion New River Valley Medical Center | General support | 2015 | $17,355 |
| National Philanthropic Tr | Public social benefit | 2015 | $10,000 |
| Carilion New River Valley Medical Center | General support | 2014 | $54,129 |
Explore more
Data for Roanoke-blacksburg Innovation Network (EIN 46-2975294) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.