Overview
What is Evonexus?
Evonexus is a nonprofit organization situated in San Diego, California, with a mission to foster the growth of innovative companies within California's technological landscape. Their incubator program empowers motivated entrepreneurs, offering them the necessary resources to transform their groundbreaking ideas into viable, fundable businesses. To date, Evonexus has received over 6,000 applications, currently incubates 24 companies, and has admitted 262 companies in total. The organization has catalyzed 52 acquisitions, resulting in a cumulative $2.4 billion in venture funding and acquisition outcomes. Evonexus's efforts have also contributed to the creation of over 3,900 jobs in the region. The organization's non-profit incubator provides essential support to high-tech early-stage companies, offering access to capital, long-term incubation, mentorship, and ultimately, the launch of independent companies.
Official website here: www.evonexus.org
Is Evonexus legitimate?
Evonexus is a legitimate nonprofit organization registered as a 501(c)(6) entity. Evonexus 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: $418,671
Professional Fundraising Fees: $0
Other Salaries and Wages: $412,167
For more financial information, click here
Official website here: www.evonexus.org
What is the mission statement of Evonexus?
Evonexus, as a non-profit organization, contributes value to the technology ecosystem by operating an incubator for high-tech early-stage companies. Its mission involves providing these companies with access to capital, long-term incubation, and mentorship. The goal is to nurture these companies, enabling them to graduate as independent entities and create job opportunities in the region. The incubator has been successful, with over 260 companies admitted, 52 acquisitions, and a total of $2.4 billion in venture funding and acquisition outcomes. As a result, Evonexus has played a significant role in creating over 3900 jobs.
Official website here: www.evonexus.org
Who is the CEO of Evonexus?
Edward R Moore is the Chairman of Evonexus. The CEO's salary of Evonexus is $400,671 and their total compensation is $400,671.
Official website here: www.evonexus.org
What is the revenue of Evonexus?
Evonexus's revenue in 2022 was $1,946,708.
Official website here: www.evonexus.org
Who are the executives of Evonexus and what are their salaries?
The average compensation at Evonexus during 2022 was $118,691. There are 7 employees and 70 volunteers at Evonexus.
Here are 28 key members and their salaries (Evonexus's CEO's salary is $400,671 and their total compensation is $400,671):
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Official website here: www.evonexus.org
Where can I find the form 990 for Evonexus?
Evonexus's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.evonexus.org
Learn more at the official website: www.evonexus.org
Mission Statement of Evonexus
Evonexus, a non-profit organization, contributes value to the technology ecosystem by serving as an incubator for high-tech early-stage companies. Their mission is to provide these companies with essential resources, such as access to capital, long-term incubation, and mentorship. The ultimate goal is to graduate independent companies, fostering job creation in the region. Evonexus empowers motivated entrepreneurs, enabling them to transform their innovative ideas into fundable, commercially viable businesses. To date, Evonexus has received over 6,000 applications, incubated 24 companies, and admitted 262 companies. The organization's efforts have resulted in 52 acquisitions, generating a total of $2.4 billion in venture funding and acquisition outcomes for these companies. As a result, Evonexus has contributed to the creation of over 3,900 jobs in the technology sector.
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Impact
October, 2024
Evonexus significantly impacts the technology ecosystem by fostering the growth of high-tech early-stage companies. Through its incubator, it provides essential support such as access to capital, long-term incubation, and valuable mentorship. This framework empowers motivated entrepreneurs to transform their innovative ideas into commercially viable businesses.
The numbers speak to Evonexus's success: since its inception, it has received over 6,000 applications and has admitted 262 companies into its program, with 24 currently undergoing incubation. The incubator has facilitated 52 acquisitions and generated a staggering $2.4 billion in total venture funding and acquisition outcomes. Furthermore, it has played a key role in creating more than 3,900 jobs in the region, demonstrating its commitment to not only fostering innovation but also enhancing economic growth within California's vibrant innovation ecosystem.
This information is meant to be a general summary of Evonexus. 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: $419
- Program Service Revenue: $1,900,709
- Gross Receipts: $1,946,708
Assets and Liabilities:
- Total Assets: $1,183,177
- Total Liabilities: $6,087
- Net Assets: $1,177,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STRATEGIC SPONSORS
Revenue
$1,594,250
Organization Details
Founding Year
1998
Phone
(858) 354-2975Principal Officer
Edward R Moore
Main Address
5015 SHOREHAM PL STE 150, SAN DIEGO, CA, 92122
Website
www.evonexus.orgNTEE Category
Code: S41 - Community improvement
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