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Valley Venture Mentoring Service Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 043268603 ✦ Springfield, MA ✦ Designated as a 501(c)(3)

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Overview

What is Valley Venture Mentoring Service Inc?

Valley Venture Mentoring Service Inc, located in Springfield, Massachusetts, is a nonprofit organization dedicated to fostering the success of startup businesses. Through its mentorship, accelerator, and collegiate programs, the organization offers a platform where entrepreneurs can develop and present their business ideas, receiving guidance from experienced business advisors. With a focus on empowering startups, Valley Venture Mentors plays a significant role in the local entrepreneurial ecosystem, providing essential resources to help these businesses thrive. The organization currently employs a team of one dedicated individual.


Official website here: www.valleyventurementors.org

Is Valley Venture Mentoring Service Inc legitimate?

Valley Venture Mentoring Service Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Valley Venture Mentoring Service Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,951

For more financial information, click here


Official website here: www.valleyventurementors.org

What is the mission statement of Valley Venture Mentoring Service Inc?

Valley Venture Mentoring Service Inc, a nonprofit organization, plays a significant role in supporting the entrepreneurial ecosystem. Its primary mission is to empower startups by providing them with essential resources for success. This is achieved through various programs, including mentorship, an accelerator, and a collegiate program. By connecting startups with experienced business individuals, the organization offers valuable advice and guidance to help refine their presentations and enhance the viability of their businesses.


Official website here: www.valleyventurementors.org

Who is the CEO of Valley Venture Mentoring Service Inc?

Hope Rose Gibaldi is the Executive Director of Valley Venture Mentoring Service Inc.


Official website here: www.valleyventurementors.org

What is the revenue of Valley Venture Mentoring Service Inc?

Valley Venture Mentoring Service Inc's revenue in 2022 was $273,671.


Official website here: www.valleyventurementors.org

Who are the executives of Valley Venture Mentoring Service Inc and what are their salaries?

The average compensation at Valley Venture Mentoring Service Inc during 2022 was $61,951. There is 1 employee at Valley Venture Mentoring Service Inc.


There is 1 key member and their salary:


Hope Rose Gibaldi (Executive Director)
  • Compensation: $49,511
  • Related: $0
  • Other: $8,672


Official website here: www.valleyventurementors.org

Where can I find the form 990 for Valley Venture Mentoring Service Inc?

Valley Venture Mentoring Service Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.valleyventurementors.org

Learn more at the official website: www.valleyventurementors.org

Mission Statement of Valley Venture Mentoring Service Inc

Valley Venture Mentoring Service Inc, a nonprofit organization, plays a crucial role in empowering startups by connecting them with the necessary resources for success. Its mission is to support the entrepreneurial ecosystem through its programs, which include mentorship, an accelerator, and collegiate initiatives. This organization provides a platform where startup business teams can develop and refine their presentations, receiving valuable advice from a diverse pool of experienced business professionals. By doing so, Valley Venture Mentoring Service Inc aims to enhance the development and viability of these emerging businesses.

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Impact




October, 2024

Valley Venture Mentoring Service Inc has a significant impact on the entrepreneurial ecosystem in Springfield, Massachusetts by empowering startups and providing them with essential resources for success. By accepting 70 startup business teams, the organization creates a platform where these teams can develop presentations and receive invaluable advice from experienced business leaders. This mentorship helps refine business strategies, enhances viability, and ultimately fosters growth within the local economy. Through its various programs—mentorship, accelerator, and collegiate—Valley Venture Mentoring Service plays a crucial role in strengthening community ties and improving overall economic health by nurturing the next generation of entrepreneurs.




This information is meant to be a general summary of Valley Venture Mentoring Service Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$273,671 (2022)
Expenses
$269,876 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $273,671

Assets and Liabilities:

  • Total Assets: $127,473
  • Total Liabilities: $28,872
  • Net Assets: $98,601

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Organization Details

Founding Year

1995

Principal Officer

Hope Rose Gibaldi

Main Address

276 BRIDGE STREET, SPRINGFIELD, MA, 01103

NTEE Category

Code: S30 - Community improvement

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