EIN 82-4059664

1863 Ventures

IRS 501(c) type
501(c)(3)
Num. employees
11
Year formed
2017
Most recent tax filings
2023-12-01
Description
1863 Ventures accelerates new majority entrepreneurs from high potential to high growth through a business development program designed to bridge the gap between entrepreneurship and equity. Their mission is to create $100 billion of new wealth by generating more successful businesses. They have a Beyond 5 campaign with three strategies aimed at promoting and supporting new majority businesses to increase their chances of success beyond the typical failure rate of 5 years. One of the strategies is national social media.
Also known as...
Accelerate 500
Total revenues
$3,081,284
2023
Total expenses
$4,588,079
2023
Total assets
$6,429,966
2023
Num. employees
11
2023

Program areas at 1863 Ventures

1. Beyond 5- the beyond 5 campaign is designed to promote and support new majority businesses to increase the likelihood of business success beyond the typical failure rate of 5 years. The campaign is comprised of three strategies:i. National social media campaign in an effort to change the negative narrative around founders for color, we have initiated a social media campaign to promote new majority founders who have made it beyond 5. Our goal is to leverage our social media, and that of our partners, to promote the success stories of new majority entrepreneurs who have been running businesses beyond 5 years. We welcome any self-nominations or recommendations for entrepreneurs to promote in the campaign; email us at [email protected]. Survivability research reportthere is a dearth of primary research and in-depth analysis on what it takes a business to survive beyond 5 years. Our report will collect data from over 1,000 candidates and seek to provide insight on key inputs for surviving beyond 5 years. We will provide case studies, as well as outlines areas of opportunity for ecosystem builders, policy makers, investors, and the like to help advance these businesses beyond the "valleys of death".2. Pipeline program - the pipeline program was created to equip founders with the processes, mindsets and guidance to address these challenges and rapidly Accelerate towards scale. The aim of the pipeline program is to work with business leaders to identify business goals and then develop an actionable plan to not only to help them achieve their goals, but to help their business become sustainable. By helping entrepreneurs build better businesses, pipeline enables companies to attract the talent, capital and connections needed forlast growth and development. The pipeline program is focused on helping entrepreneurs grow a successful business. The program's focus is beyond learning how to pitch and present. Instead, time is intentionally spent on supporting businesses on a path to maturity. Entrepreneurs completing the program will have a more investment-ready business and truly understand why and how to deploy future financings.3. Herimpact - herimpact is designed to help female social entrepreneurs scale their enterprises in order to increase their impact and long-term sustainability. The program was initiated in the fall of 2018. The initiative is comprised of an entrepreneurship summit, which is designed to build community and increase the capacity of female social entrepreneurs through advice from experts, online tools and networking. The initiative also includes a pitch competition, designed to invest in early and growth stage companies in the region.

Grants made by 1863 Ventures

GranteeGrant descriptionAmount
KC Can CompostBusiness Continuity$12,500

Who funds 1863 Ventures

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
W.K. Kellogg Foundation (WKKF)Enable the Organization To Achieve Its Mission of Providing Programs, Coaching, Town Halls and Capital for the Entrepreneur Community To Positively Change the Narrative in the Work for Individuals Who Have Been Historically Marginalized and Disinvested By Providing General Operating Support$300,000
Ford Motor Company FundEconomic Mobility$152,500
Tides FoundationEquity, Human Rights, and Economic Empowerment$100,000
...and 3 more grants received

Personnel at 1863 Ventures

NameTitleCompensation
Sherica SampsonChief Operation Officer
Adeleke OmitowojuPrincipal
Alana HinkstonPrincipal - Operations and Investing
Melissa BradleyManaging Director$381,875
Rodney WilliamsHead of Platform
...and 2 more key personnel

Financials for 1863 Ventures

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,025,949
Program services$0
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$55,335
Total revenues$3,081,284

Form 990s for 1863 Ventures

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122024-12-23990View PDF
2022-122023-11-15990View PDF
2021-122023-10-19990View PDF
2021-122022-11-15990View PDF
...and 2 more Form 990s

Organizations like 1863 Ventures

OrganizationLocationRevenue
Business Ownership Initiative of IndianaIndianapolis, IN$1,712,079
Accompany CapitalNew York, NY$3,673,345
TechTownDetroit, MI$6,792,234
SF New DealSan Francisco, CA$9,662,132
Inquiring SystemsSanta Rosa, CA$6,271,136
Camelback VenturesGarden City, ID$4,706,374
Forward CitiesDurham, NC$1,072,854
Allies for Community Business (A4CB)Chicago, IL$9,139,197
LaunchChattanooga, TN$1,594,760
36 Degrees NorthTulsa, OK$2,860,560
Data update history
January 19, 2025
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2024
Received grants
Identified 2 new grant, including a grant for $152,500 from Ford Motor Company Fund
October 24, 2024
Updated personnel
Identified 10 new personnel
August 10, 2024
Received grants
Identified 7 new grant, including a grant for $1,867,800 from Goldman Sachs Foundation
January 8, 2024
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsFamily service centersCharities
Issues
Business and industry
Characteristics
Political advocacyTax deductible donations
General information
Address
1100 15th St NW 4th Floor
Washington, DC 20005
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
County
District of Columbia, DC
Phone
(917) 549-6092
IRS details
EIN
82-4059664
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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