Overview
What is National Collegiate Inventors & Innovators Alliance Inc?
National Collegiate Inventors & Innovators Alliance Inc, also known as VentureWell, is a Massachusetts-based nonprofit organization with a mission to cultivate a pipeline of inventors, innovators, and entrepreneurs. They foster collaboration among the brightest minds from research labs, classrooms, and beyond to advance innovation and entrepreneurship education. With a staff of 85 individuals, VentureWell administers programs like the National Institutes of Health's Rapid Acceleration of Diagnostics (RADX) initiative, which aims to expand the availability of innovative diagnostic technologies for SARS-CoV-2 testing across the country. VentureWell's unique opportunities enable STEM students and researchers to fully realize their potential and make a lasting impact on the world.
Official website here: www.venturewell.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The National Collegiate Inventors & Innovators Alliance Inc has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial transparency. This score reflects the organization’s commitment to effective management and oversight, as evidenced by complete compliance across various metrics, including independent board membership and financial oversight.
Strengths of the organization include a substantial percentage of independent board members, alongside an effective audit and oversight committee. The organization maintains a high program expense ratio of 87.09%, demonstrating its focus on direct programmatic impact rather than administrative costs. Additionally, the charity has policies in place for conflict of interest, whistleblower protection, and document retention, showcasing a robust governance structure.
While the charity performs exceptionally well in accountability and finance, it is essential to consider that this rating is based solely on financial metrics without insights into the effectiveness of its programs or outcomes. However, the strong governance practices suggest a well-managed organization poised to utilize resources effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about National Collegiate Inventors & Innovators Alliance Inc?
98% of 5 reviewers on Facebook recommend National Collegiate Inventors & Innovators Alliance Inc. Here is a summary of their reviews:
The organization is praised for its supportive and professional environment, which effectively fosters networking opportunities across various industries in the United States. Reviewers appreciate the extensive connections available, suggesting that the organization plays a valuable role in helping inventors and innovators expand their reach and collaboration possibilities.
Overall, the sentiments expressed indicate satisfaction with the services provided, highlighting the nonprofit's commitment to facilitating growth and partnership among its members.
This AI summary has been generated from reviews found on Facebook.
Is National Collegiate Inventors & Innovators Alliance Inc legitimate?
National Collegiate Inventors & Innovators Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Collegiate Inventors & Innovators Alliance 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: $654,580
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,223,220
For more financial information, click here
Official website here: www.venturewell.org
What is the mission statement of National Collegiate Inventors & Innovators Alliance Inc?
The National Collegiate Inventors & Innovators Alliance Inc, known as VentureWell, is dedicated to nurturing a pipeline of inventors, innovators, and entrepreneurs driven to address the world's most significant challenges and create lasting impact. They facilitate collaboration among top minds from research labs, classrooms, and beyond to advance innovation and entrepreneurship education. VentureWell offers unique opportunities for STEM students and researchers to fully realize their potential in improving the world. Their mission is to cultivate a community that fosters the development of new ideas and technologies, ultimately leading to positive change.
Official website here: www.venturewell.org
Who is the CEO of National Collegiate Inventors & Innovators Alliance Inc?
Unavailable
Official website here: www.venturewell.org
What is the revenue of National Collegiate Inventors & Innovators Alliance Inc?
National Collegiate Inventors & Innovators Alliance Inc's revenue in 2022 was $81,594,297.
Official website here: www.venturewell.org
Who are the executives of National Collegiate Inventors & Innovators Alliance Inc and what are their salaries?
The average compensation at National Collegiate Inventors & Innovators Alliance Inc during 2022 was $92,680. There are 85 employees and 11 volunteers at National Collegiate Inventors & Innovators Alliance Inc.
Here are 18 key members and their salaries:
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- Compensation: $215,096
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- Compensation: $109,463
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- Compensation: $153,889
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- Compensation: $164,455
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- Other: $17,664
- Compensation: $140,668
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- Other: $25,366
Official website here: www.venturewell.org
Where can I find the form 990 for National Collegiate Inventors & Innovators Alliance Inc?
National Collegiate Inventors & Innovators Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.venturewell.org
Learn more at the official website: www.venturewell.org
Mission Statement of National Collegiate Inventors & Innovators Alliance Inc
The National Collegiate Inventors & Innovators Alliance Inc, often referred to as VentureWell, is a mission-driven organization that is dedicated to cultivating a pipeline of inventors, innovators, and entrepreneurs. These individuals are driven to solve the world's biggest challenges and create lasting impact. VentureWell fosters collaboration among the best minds from research labs, classrooms, and beyond to advance innovation and entrepreneurship education. They provide unique opportunities for STEM students and researchers to fully realize their potential to improve the world.
In essence, VentureWell serves as a bridge between academic institutions and the real world, enabling inventors and innovators to bring their ideas to life and make a difference. The organization champions a culture of collaboration and innovation, believing that by working together, they can tackle the world's most pressing issues. Through their initiatives, they provide resources, mentorship, and funding to help inventors and innovators develop their ideas into viable businesses and products.
VentureWell's approach is unique in that they focus on the intersection of academia and entrepreneurship. They understand that the journey from lab to market is long and complex, and they are committed to supporting inventors and innovators every step of the way. By providing access to resources, opportunities, and a supportive community, VentureWell empowers the next generation of inventors and innovators to create solutions that will shape our future.
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Impact
October, 2024
The National Collegiate Inventors & Innovators Alliance Inc significantly impacts innovation and entrepreneurship education by cultivating a generation of inventors, innovators, and entrepreneurs committed to tackling global challenges. Through its initiatives, it fosters collaboration among brilliant minds from various fields, including research labs and classrooms, to enhance the creative landscape.
One of its notable contributions is its role in the Rapid Acceleration of Diagnostics (RADx) initiative, which is part of a broader effort to enhance diagnostic technologies for COVID-19. By facilitating access to funding and resources, the organization enables the development and implementation of innovative diagnostic solutions, ultimately increasing testing reliability, speed, and scalability nationwide.
By providing unique opportunities for STEM students and researchers, the alliance empowers them to fully realize their potential, promoting a culture of entrepreneurship that drives lasting societal impact. Through its efforts, it shapes a future where innovative solutions address some of the world's most pressing challenges.
This information is meant to be a general summary of National Collegiate Inventors & Innovators Alliance 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: $111,931
- Program Service Revenue: $76,260,933
- Gross Receipts: $81,948,535
Assets and Liabilities:
- Total Assets: $38,455,706
- Total Liabilities: $14,168,732
- Net Assets: $24,286,974
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service Fees
Revenue
$73,356,728
Participant Registration Fees
Revenue
$2,904,205
Organization Details
Founding Year
2007
Phone
(413) 587-2172Main Address
100 Venture Way, Hadley, MA, 01035
Website
www.venturewell.orgNTEE Category
Code: B12 - Education
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