Overview
What is Esteam Foundation Inc?
Esteam Foundation Inc, headquartered in Austin, Texas, is a nonprofit organization with a mission to foster entrepreneurship education among youth. Operating under the name VentureLab, they provide a supportive environment and resources for adults to teach K-12 students about entrepreneurship and the entrepreneurial mindset. Their ultimate goal is to cultivate a new generation of diverse innovators and changemakers, ensuring that entrepreneurial education is accessible to all youth. With a dedicated team of seven individuals, Esteam Foundation Inc is committed to making a significant impact in shaping the future leaders of innovation and change.
Official website here: www.venturelab.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
The Esteam Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance overall with strengths particularly in the areas of impact measurement and community culture. With an impressive score of 99 in Impact & Measurement and 94 in Culture & Community, the organization demonstrates a strong commitment to effectively measuring the outcomes of its programs and fostering a supportive community environment.
However, the foundation faces challenges in its financial management, with an Accountability & Finance score of 64. The Program Expense Ratio stands at 56.16%, indicating that a substantial portion of its expenses may not be directed towards programs, which could be a concern for potential donors. Despite this, the organization exhibits robust governance practices, with all board members being independent and full compliance with policies regarding conflicts of interest and whistleblower protections.
Overall, while the Esteam Foundation Inc shows exceptional strengths in measuring its impact and maintaining a supportive culture, it may need to improve its financial efficiency to enhance its long-term sustainability and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Esteam Foundation Inc legitimate?
Esteam Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Esteam Foundation 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: $173,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $242,797
For more financial information, click here
Official website here: www.venturelab.org
What is the mission statement of Esteam Foundation Inc?
The Esteam Foundation Inc's mission is centered around fostering the next generation of diverse innovators and changemakers. They achieve this by making entrepreneurial education accessible to all youth. Through their VentureLab curriculum and programs, they offer adults the necessary guidance, activities, and structure to teach K-12 students about entrepreneurship and the entrepreneurial mindset. This initiative aims to equip young individuals with the skills needed to become future leaders and innovators, promoting diversity and inclusivity in the entrepreneurial landscape.
Official website here: www.venturelab.org
Who is the CEO of Esteam Foundation Inc?
Desma Deitz is the Executive Director of Esteam Foundation Inc.
Official website here: www.venturelab.org
What is the revenue of Esteam Foundation Inc?
Esteam Foundation Inc's revenue in 2022 was $539,524.
Official website here: www.venturelab.org
Who are the executives of Esteam Foundation Inc and what are their salaries?
The average compensation at Esteam Foundation Inc during 2022 was $59,514. There are 7 employees and 40 volunteers at Esteam Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $144,000
- Related: $0
- Other: $6,776
- Compensation: $15,615
- Related: $0
- Other: $7,408
- 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
Official website here: www.venturelab.org
Where can I find the form 990 for Esteam Foundation Inc?
Esteam Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.venturelab.org
Learn more at the official website: www.venturelab.org
Mission Statement of Esteam Foundation Inc
Esteam Foundation Inc, a nonprofit organization, is dedicated to fostering the next generation of diverse innovators and changemakers. They achieve this by making entrepreneurial education readily available to all youth. The mission of Esteam Foundation Inc is to create a robust pipeline of diverse innovators and leaders who can drive positive change in their communities and beyond. By providing accessible entrepreneurship education, Esteam Foundation Inc aims to equip young individuals with the necessary skills, mindset, and confidence to tackle complex challenges and create sustainable solutions.
VentureLab, a curriculum and program offered by Esteam Foundation Inc, plays a crucial role in achieving this mission. VentureLab offers structured guidance, activities, and resources for adults, enabling them to teach K-12 students about entrepreneurship and the entrepreneurial mindset. This approach empowers both educators and students to develop a deeper understanding of the entrepreneurial process, fostering an environment that nurtures creativity, problem-solving, and resilience. By making entrepreneurial education widely available, Esteam Foundation Inc seeks to cultivate a new generation of diverse innovators and changemakers who can shape a more equitable and sustainable future.
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Impact
July, 2024
Esteam Foundation Inc's impact is focused on creating the next generation of diverse innovators and changemakers by making entrepreneurial education accessible to all youth. Through their VentureLab curriculum and programs, they provide adults with the guidance, activities, and structure needed to teach K-12 students about entrepreneurship and the entrepreneurial mindset. Based in Austin, Texas, their mission is to equip young people with the skills and mindset necessary to succeed in the ever-changing world of business and innovation. Their work embodies the spirit of philanthropy by investing in the potential of young individuals and empowering them to make a positive impact on the world.
This information is meant to be a general summary of Esteam Foundation 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: $28
- Program Service Revenue: $142,142
- Gross Receipts: $539,524
Assets and Liabilities:
- Total Assets: $366,234
- Total Liabilities: $19,251
- Net Assets: $346,983
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM LICENSES
Revenue
$82,500
TRAINING
Revenue
$31,885
CURRICULUM
Revenue
$27,757
Organization Details
Founding Year
2013
Phone
(512) 633-9569Principal Officer
Desma Deitz
Main Address
200 W 6TH STREET 1700, AUSTIN, TX, 78701
Website
www.venturelab.orgNTEE Category
Code: T30 - Philanthropy
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