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Socialventures

Center For Social Enterprise Dvlpmt

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

EIN: 471396726 ✦ Columbus, OH ✦ Designated as a 501(c)(3)

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Overview

What is Socialventures?

Socialventures, also known as the Center for Social Enterprise Development, is a nonprofit organization situated in Columbus, Ohio. Their primary mission is to strengthen the connection between social entrepreneurs, consumers, volunteers, investors, and nonprofit board members. They accomplish this through an online marketplace, highlighting Central Ohio's social enterprises and their products, services, and impact. Socialventures also increase public awareness and support for social enterprises through public speaking engagements, regular columns, blogs, and social media posts. The organization provides outreach, advocacy, training, and access to capital to foster the development of sustainable social enterprises that offer necessary social impact while earning sufficient revenue to operate independently of grant support. Socialventures' vision is to support mission-driven businesses, both nonprofit and for-profit, by offering resources, programs, accelerators, and acting as a primary network for social enterprise activity in Central Ohio. With a team of three dedicated individuals, Socialventures is committed to improving the prospects of entrepreneurs, consumers, and beneficiaries of their social impact endeavors.


Official website here: www.socialventurescbus.com

Is Socialventures legitimate?

Socialventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Socialventures 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: $79,787
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,090

For more financial information, click here


Official website here: www.socialventurescbus.com

What is the mission statement of Socialventures?

Socialventures' mission is centered around promoting the growth of sustainable social enterprises. It provides outreach, advocacy, training, and access to capital to foster these businesses. These businesses integrate social impact as a fundamental component of their operations, aiming to benefit both entrepreneurs and the communities they serve. Socialventures offers resources, programs, and accelerators to support these mission-driven enterprises, acting as a primary network for social enterprise activity. By doing so, the organization aims to position entrepreneurs, consumers, and beneficiaries of these social ventures for prosperity.


Official website here: www.socialventurescbus.com

Who is the CEO of Socialventures?

Tina Fisher is the Chair of Socialventures.


Official website here: www.socialventurescbus.com

What is the revenue of Socialventures?

Socialventures's revenue in 2022 was $220,992.


Official website here: www.socialventurescbus.com

Who are the executives of Socialventures and what are their salaries?

The average compensation at Socialventures during 2022 was $41,626. There are 3 employees at Socialventures.


Here are 9 key members and their salaries:


Vicki Bowen Hewes (President/Ce)
  • Compensation: $79,787
  • Related: $0
  • Other: $0
Tina Fisher (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie Cramer (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Arthi Rathi (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald Wells (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Demetrius Robinson (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Orr (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Melissa Wick (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Alexander (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.socialventurescbus.com

Where can I find the form 990 for Socialventures?

Socialventures's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.socialventurescbus.com

Learn more at the official website: www.socialventurescbus.com

Mission Statement of Socialventures

Socialventures, as a center, aims to promote the growth and sustainability of social enterprises that deliver significant social impact while still generating adequate revenue to operate independently of grant support. The organization's mission is to support businesses that integrate social impact as a non-negotiable component of their business model, benefiting entrepreneurs, consumers, and the beneficiaries of their mission-driven endeavors. To accomplish this, Socialventures offers a variety of resources, programs, and accelerators focused on social enterprise, acting as a primary hub for social enterprise activity in Central Ohio. By providing this support, Socialventures empowers these businesses to position themselves for prosperity.

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Impact




October, 2024

Socialventures drives significant impact by empowering social entrepreneurs in Central Ohio to create sustainable business models that prioritize social impact alongside financial viability. By providing essential resources, training, and access to capital, they foster the development of social enterprises that address critical community needs while achieving independence from grant support.

Their online marketplace serves as a vital platform, connecting social entrepreneurs with consumers, volunteers, and investors, thus enhancing the visibility and reach of local social enterprises. Through public speaking engagements, regular media contributions, and annual reports like "The State of Social Enterprise in Central Ohio," Socialventures raises public awareness and support for the social enterprise movement.

By championing businesses that intentionally integrate social impact into their core operations, Socialventures not only supports entrepreneurs but also enriches the community, ensuring that all stakeholders—including consumers and beneficiaries—benefit from these mission-driven initiatives. In doing so, they build a robust network and ecosystem for social enterprise activity, positioning the community for greater prosperity and social improvement.




This information is meant to be a general summary of Socialventures. 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
$220,992 (2022)
Expenses
$251,706 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $234,800

Assets and Liabilities:

  • Total Assets: $143,756
  • Total Liabilities: $149,504
  • Net Assets: -$5,748

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Organization Details

Founding Year

2014

Principal Officer

Tina Fisher

Main Address

470 W BROAD STREET 12, COLUMBUS, OH, 43215

NTEE Category

Code: S02 - Community improvement

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