Overview
What is Center For Venture Education?
The Center for Venture Education is a nonprofit institution situated in Austin, Texas, with a postal address at 3207 Ranch Road 620 S 200. Its primary mission is to foster greater equity and diversity within the venture capital ecosystem through its educational programs and network. The organization recently selected 59 Kauffman Fellows from an applicant pool of 260, with approximately 46% of the class hailing from international backgrounds, including regions such as the Middle East, Latin America, Asia, and Europe. Due to the impact of COVID-19, the duration of the program has been extended beyond the initial two years, with 61 fellows set to graduate in November 2022, and additional cohorts in June 2023 and June 2024. The Center for Venture Education currently employs a team of 10 individuals dedicated to this purpose.
Official website here: www.kauffmanfellows.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 96% (Four-Star out of Four Star rating)**
The Center For Venture Education has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong financial health and commitment to accountability and governance practices. The score is derived from the Accountability & Finance beacon, indicating that the organization maintains high standards in areas such as financial efficiency and sustainability.
Strengths highlighted in the rating include an independent board with a majority composition and robust governance policies. The organization has effectively managed its financial resources, with a high program expense ratio, ensuring that a significant portion of its budget is directed towards its mission-driven activities. However, it is worth noting that certain categories like Impact & Measurement, Culture & Community, and Leadership & Adaptability have not been assessed, which may provide a more comprehensive understanding of the charity's overall effectiveness.
Not Available
This AI summary has been generated from information found on Charity Navigator.
Is Center For Venture Education legitimate?
Center For Venture Education is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Venture Education 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: $872,524
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,158,453
For more financial information, click here
Official website here: www.kauffmanfellows.org
What is the mission statement of Center For Venture Education?
The Center for Venture Education is committed to promoting greater equity and diversity in the venture capital ecosystem. They achieve this goal through their education programs and networking initiatives. The organization's Kauffman Fellows Program has selected 59 new fellows from an applicant pool of 260. The new class is diverse, with a balanced representation from lifesciences, financial services, information technology, and general services. Moreover, approximately 46% of the class hails from international backgrounds, including the Middle East, Latin America, Asia, and Europe. Due to the impact of COVID-19, the program has been extended beyond its usual two years, with 61 fellows set to graduate in November 2022, 57 in June 2023, and 59 currently halfway through the program, set to graduate in June 2024.
Official website here: www.kauffmanfellows.org
Who is the CEO of Center For Venture Education?
Jeffrey Harbach is the Board Chair of Center For Venture Education. The CEO's salary of Center For Venture Education is $472,500 and their total compensation is $523,547.
Official website here: www.kauffmanfellows.org
What is the revenue of Center For Venture Education?
Center For Venture Education's revenue in 2022 was $8,050,151.
Official website here: www.kauffmanfellows.org
Who are the executives of Center For Venture Education and what are their salaries?
The average compensation at Center For Venture Education during 2022 was $203,098. There are 10 employees and 5 volunteers at Center For Venture Education.
Here are 13 key members and their salaries (Center For Venture Education's CEO's salary is $472,500 and their total compensation is $523,547):
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- Compensation: $472,500
- Related: $0
- Other: $51,047
- Compensation: $146,261
- Related: $0
- Other: $29,564
- Compensation: $256,700
- Related: $0
- Other: $39,663
- Compensation: $123,075
- Related: $0
- Other: $9,952
- Compensation: $137,250
- Related: $0
- Other: $25,168
- Compensation: $193,150
- Related: $0
- Other: $40,851
- Compensation: $192,125
- Related: $0
- Other: $7,837
- Compensation: $119,708
- Related: $0
- Other: $9,335
Official website here: www.kauffmanfellows.org
Where can I find the form 990 for Center For Venture Education?
Center For Venture Education's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kauffmanfellows.org
Learn more at the official website: www.kauffmanfellows.org
Mission Statement of Center For Venture Education
The Center for Venture Education is committed to promoting greater equity and diversity within the venture capital ecosystem. They achieve this goal through their education programs and network. The organization's mission is to foster a more inclusive venture capital landscape, ensuring that underrepresented individuals have the opportunity to thrive and make significant contributions to this sector.
The Center for Venture Education has a robust education program, which is evident in their Kauffman Fellows Program. This program has selected 59 new Fellows, representing a diverse pool of applicants, including those from the lifesciences, financial services, information technology, and general services sectors. The current class is evenly distributed across these fields, with approximately 46% of the Fellows hailing from international backgrounds, such as the Middle East, Latin America, Asia, and Europe. Due to the impact of COVID-19, the program has been extended beyond its typical two-year duration. As a result, 61 Fellows are set to graduate in November 2022, with an additional 57 set to graduate in June 2023, and 59 currently halfway through the program, set to graduate in June 2024.
In summary, the Center for Venture Education's mission is to uplift and empower underrepresented individuals in the venture capital ecosystem. By implementing education programs and fostering a network that encourages diversity, the organization aims to create a more inclusive and equitable space for all participants in this sector.
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Impact
July, 2024
The Center For Venture Education is making a significant impact by striving to create greater equity and diversity in the venture capital ecosystem through its education programs and network. One of its flagship initiatives, the Kauffman Fellows Program, has selected 59 new fellows from a competitive applicant pool of 260 individuals. This new class is diverse, with a fairly even distribution across sectors such as life sciences, financial services, information technology, and general services.
Notably, approximately 46% of the fellows in this class are international, representing regions like the Middle East, Latin America, Asia, and Europe. Despite challenges posed by the COVID-19 pandemic, the program has adapted by extending its duration beyond the usual two years. This strategic move ensures that fellows receive the necessary support and resources to successfully complete the program.
With 61 fellows scheduled to graduate in November 2022, an additional 57 in June 2023, and 59 halfway through and set to graduate in June 2024, the Center For Venture Education is playing a vital role in shaping the future of venture capital by nurturing a diverse group of talented individuals.
This information is meant to be a general summary of Center For Venture Education. 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: $3,392
- Program Service Revenue: $7,235,104
- Gross Receipts: $8,050,151
Assets and Liabilities:
- Total Assets: $109,013,402
- Total Liabilities: $5,735,222
- Net Assets: $103,278,180
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION & APPLICATIONS
Revenue
$7,235,104
Organization Details
Founding Year
2001
Phone
(650) 561-7047Principal Officer
Jeffrey Harbach
Main Address
3207 RANCH ROAD 620 S 200, AUSTIN, TX, 78738
Website
www.kauffmanfellows.orgNTEE Category
Code: B40 - Education
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