EIN 42-1727335

VentureWell

IRS 501(c) type
501(c)(3)
Num. employees
85
City
Year formed
2007
Most recent tax filings
2022-06-01
Description
VentureWell fosters collaboration among inventors, innovators, and entrepreneurs to solve world challenges through grants, partnering with the NIH for RADx.
Also known as...
National Collegiate Inventors and Innovators Alliance
Total revenues
$81,594,297
2022
Total expenses
$72,236,568
2022
Total assets
$38,455,706
2022
Num. employees
85
2022

Program areas at VentureWell

Radx - Venturewell serves as the network partner and administrator for the National institutes of health's rapid acceleration of diagnostics initiative, known as radx, this program aims to expand the range of innovative diagnostic technologies available to support a rapid increase in reliability, speed, and scale of testing for sars-cov-2 (the virus that causes covid-19) across the country.
I-corps program - Venturewell led courses engage participants in moving products out of the lab into the market by talking to potential customers, partners and competitors, and encountering the challenges and uncertainty of creating successful innovations.
In addition to the 3 grants programs outlined on lines 4a through 4c, nciia also: a) awards other types of grants primarily to institutions of higher education in keeping with the organization's mission of promoting invention, innovation and entrepreneurship; b) offers membership to colleges and universities across the u.s., which afford member institutions the opportunity to attend nciia-sponsored events at reduced rates, tap into the nciia network, and to apply for nciia grants; c) conducts workshops and events, including but not limited to an annual conference and workshops designed to teach technology entrepreneurship basics and how to enhance success of commercializing inventions and innovations; and d) invests in select ventures emerging from u.s. institutions of higher education.

Grants made by VentureWell

GranteeAmount
Johns Hopkins University (JHU)$70,000
Northwestern University$64,613
University of Pennsylvania (Penn)$60,000
...and 35 more grants made totalling $1,078,704

Who funds VentureWell

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Lemelson FoundationTo Support Promising, Early-Stage Student Inventors in the Venture Development Process, and To Support Faculty To Cultivate the Conditions That Nurture Student Inventors.$3,053,149
Bill Hillary and Chelsea Clinton FOUNDATIONLeadership and Civic Service$440,000
Lansing Economic Area Partnership (LEAP)Eda Medtech Innovation$150,000
...and 3 more grants received

Personnel at VentureWell

NameTitleCompensation
Chris DesrosiersVice President of Finance and Administration
Ursa SchererVice President , People and Culture$140,668
Laura SampathVice President , Programs$179,982
Mark MarinoVice President , Growth Strategy and Development$164,455
Allison McDonaldDirector , Marketing and Communications$109,463
...and 9 more key personnel

Financials for VentureWell

RevenuesFYE 06/2022
Total grants, contributions, etc.$5,208,642
Program services$76,260,933
Investment income and dividends$62,423
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$49,508
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$12,791
Total revenues$81,594,297

Form 990s for VentureWell

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-10990View PDF
2021-062022-05-03990View PDF
2020-062021-05-11990View PDF
2019-062020-09-18990View PDF
2018-062019-09-14990View PDF
...and 8 more Form 990s
Data update history
January 3, 2024
Received grants
Identified 3 new grant, including a grant for $3,053,149 from Lemelson Foundation
December 23, 2023
Received grants
Identified 9 new grant, including a grant for $3,080,447 from Lemelson Foundation
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 5 new personnel
June 27, 2023
Used new vendors
Identified 5 new vendors, including , , , , and
Nonprofit Types
Grantmaking organizationsDisease research fundraisersSchoolsCharities
Issues
Education
Characteristics
Conducts researchOperates internationallyReceives government fundingTax deductible donations
General information
Address
100 Venture Way
Hadley, MA 01035
Metro area
Springfield, MA
County
Hampshire County, MA
Website URL
venturewell.org/ 
Phone
(413) 587-2172
Facebook page
VentureWell 
Twitter profile
@venturewell 
IRS details
EIN
42-1727335
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B12: Education Fund Raising and Fund Distribution
NAICS code, primary
813212: Health and Disease Research Fundraising Organizations
Parent/child status
Independent
Free account sign-up

Want updates when VentureWell has new information, or want to find more organizations like VentureWell?

Create free Cause IQ account