Overview
What is Vilcap Inc?
Vilcap Inc is a nonprofit organization committed to driving impact at scale through entrepreneurship. With teams situated in various locations globally, including the United States, India, Kenya, Turkey, Mexico, and the UK, Vilcap supports entrepreneurs building solutions in three core thematic areas: climate adaptation and innovation, economic mobility, and equitable access to essential services. The organization's mission is to reinvent the system to back the entrepreneurs of the future, aiming for a future where businesses contribute to equity and long-term prosperity. Vilcap fosters inclusive capital, democratizes entrepreneurship, and looks beyond equity to empower entrepreneurs globally. With a workforce of 41 individuals, Vilcap Inc is dedicated to leveraging entrepreneurship to create sustainable and equitable solutions for various challenges.
Official website here: www.vilcap.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star Rating
Vilcap Inc. has received a respectable Three-Star rating from Charity Navigator, indicating a solid performance in its financial health, accountability, and governance practices. The rating primarily reflects the charity's high accountability and finance scores, with commendable ratings in areas such as having a majority of independent board members and effective financial oversight. However, the charity's inability to be evaluated in areas related to impact, measurement, leadership, and adaptability suggests potential areas for growth and improvement.
The organization demonstrates strengths in financial efficiency and fundraising effectiveness, contributing to a stable operational foundation. With over 85% of its expenses going directly to programs, Vilcap Inc. displays a strong commitment to utilizing resources effectively to further its mission. However, additional insight into its programmatic impact and leadership strategies remains unavailable, which may limit stakeholders' understanding of the charity's overall effectiveness.
Unfortunately, user reviews from GreatNonprofits could not be retrieved, leaving a gap in public sentiment regarding Vilcap Inc. Overall, while the organization shows promise through its financial management and governance, more transparency in its impact and community engagement would enhance its reputation and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Vilcap Inc legitimate?
Vilcap Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vilcap 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: $423,141
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,926,295
For more financial information, click here
Official website here: www.vilcap.com
What is the mission statement of Vilcap Inc?
Vilcap Inc's mission is centered around reinventing the entrepreneurial support system. The organization aims to empower future entrepreneurs, envisioning a future where businesses contribute to equity and long-term prosperity. Vilcap Inc supports entrepreneurs working on solutions in three core themes: climate adaptation and innovation, economic mobility, and equitable access to essential services. To execute its mission, the organization democratizes entrepreneurship, looks beyond equity, and enables inclusive capital, operating with teams in various global locations.
Official website here: www.vilcap.com
Who is the CEO of Vilcap Inc?
Allyson Burns is the Chief Executive Officer of Vilcap Inc. The CEO's salary of Vilcap Inc is $228,721 and their total compensation is $245,992.
Official website here: www.vilcap.com
What is the revenue of Vilcap Inc?
Vilcap Inc's revenue in 2022 was $10,821,621.
Official website here: www.vilcap.com
Who are the executives of Vilcap Inc and what are their salaries?
The average compensation at Vilcap Inc during 2022 was $106,084. There are 41 employees and 1024 volunteers at Vilcap Inc.
Here are 16 key members and their salaries (Vilcap Inc's CEO's salary is $228,721 and their total compensation is $245,992):
- Compensation: $228,721
- Related: $0
- Other: $17,271
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $165,420
- Related: $0
- Other: $11,730
- Compensation: $121,290
- Related: $0
- Other: $12,915
- Compensation: $111,475
- Related: $0
- Other: $8,500
- Compensation: $111,760
- Related: $0
- Other: $8,639
- Compensation: $116,437
- Related: $0
- Other: $3,557
- Compensation: $134,662
- Related: $0
- Other: $4,104
Official website here: www.vilcap.com
Where can I find the form 990 for Vilcap Inc?
Vilcap Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vilcap.com
Learn more at the official website: www.vilcap.com
Mission Statement of Vilcap Inc
Vilcap Inc, an organization dedicated to driving impact at scale, has a mission to reinvent the system and back the entrepreneurs of the future. Their vision is a future where businesses contribute to equity and long-term prosperity. Vilcap Inc supports entrepreneurs building solutions in three core thematic areas: climate adaptation and innovation, economic mobility, and equitable access to essential services. They execute their mission by democratizing entrepreneurship, looking beyond equity, and enabling inclusive capital. This approach allows Vilcap Inc to have teams dispersed globally, including in Bangalore, India; Mumbai, India; Nairobi, Kenya; Istanbul, Turkey; Mexico City, Mexico; London, UK; and across the United States.
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Impact
October, 2024
Vilcap Inc significantly influences the entrepreneurial landscape by promoting innovative solutions within three core thematic areas: sustainability, financial health, and the future of work. By leveraging entrepreneurship, it enables diverse entrepreneurs to address pressing global challenges such as climate change, economic mobility, and equitable access to essential services.
The organization is committed to democratizing entrepreneurship, making it more accessible to a wider range of individuals and communities. This approach looks beyond traditional equity frameworks, aiming to foster inclusive capital that empowers underserved entrepreneurs. With teams strategically located across key cities worldwide, including Bangalore, Nairobi, Mexico City, and London, Vilcap Inc effectively drives impact on a global scale.
Through its initiatives, Vilcap Inc is redefining the entrepreneurial ecosystem to prioritize long-term prosperity and equity, setting the stage for a future where businesses actively contribute to societal well-being. By supporting a diverse array of entrepreneurs, it cultivates innovative solutions that not only address immediate issues but also help build a more sustainable and inclusive economy.
This information is meant to be a general summary of Vilcap 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$7,891
- Program Service Revenue: $2,239,912
- Gross Receipts: $10,829,780
Assets and Liabilities:
- Total Assets: $4,792,648
- Total Liabilities: $2,265,019
- Net Assets: $2,527,629
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG CONTRACT SERVICES
Revenue
$2,188,951
PROG SOFTWARE SUBSCRIPTION SERVIC
Revenue
$50,961
Organization Details
Founding Year
2010
Phone
(202) 870-4750Principal Officer
Allyson Burns
Main Address
1321 UPLAND DR PMB 11155, HOUSTON, TX, 770434718
Website
www.vilcap.comNTEE Category
Code: Z99 - Unknown
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