Overview
What is Venture Central Inc?
Venture Central Inc, located in Charlottesville, Virginia, is a nonprofit organization dedicated to bolstering the entrepreneurial community in Central Virginia. Their mission involves constructing and fostering connections, creating programs, securing funding, and establishing suitable spaces for local startups and entrepreneurs. The organization aims to elevate Central Virginia's status to an internationally recognized entrepreneurial hub. To achieve this goal, Venture Central Inc received a grant to establish a governance board, hire a director, and create a fundraising plan. Throughout 2022, they hired an executive director, organized local events, and engaged with local startups and founders.
Official website here: www.venturecentralva.com
Is Venture Central Inc legitimate?
Venture Central Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venture Central 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: $152,520
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,792
For more financial information, click here
Official website here: www.venturecentralva.com
What is the mission statement of Venture Central Inc?
Venture Central Inc's mission is centered around serving and strengthening the entrepreneurial community in an unspecified region. They aim to achieve this by establishing and fostering connections, initiating programs, securing funding, and providing necessary spaces. The vision of Venture Central is to establish the community as a globally recognized hub for entrepreneurship. To further this mission, they received a grant to create a central point for entrepreneurship and innovation, establish a governance board and advisory committee, hire a director, and develop a funding plan. Throughout 2022, they achieved these goals by hiring an executive director, organizing local events, and engaging with local startups and founders.
Official website here: www.venturecentralva.com
What is the revenue of Venture Central Inc?
Venture Central Inc's revenue in 2024 was $797,425.
Official website here: www.venturecentralva.com
Who are the executives of Venture Central Inc and what are their salaries?
The average compensation at Venture Central Inc during 2024 was $24,957. There are 16 employees at Venture Central Inc.
Here are 8 key members and their salaries:
- Compensation: $152,520
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.venturecentralva.com
Where can I find the form 990 for Venture Central Inc?
Venture Central Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.venturecentralva.com
Learn more at the official website: www.venturecentralva.com
Mission Statement of Venture Central Inc
Venture Central, an organization dedicated to serving and strengthening the entrepreneurial community, aims to achieve its mission by building and bridging connections, programs, funding, and spaces. Its vision is to transform Central Virginia into an internationally recognized hub for entrepreneurship. The nonprofit received a grant from the Commonwealth of Virginia's Department of Housing and Community Development with the goal of establishing a centralized focus for entrepreneurship and innovation in the region. This includes establishing a governance board and advisory committee, hiring a director, and developing a fundraising plan. Throughout 2022, Venture Central worked towards these goals by hiring an executive director, organizing and sponsoring local events, and engaging with local startups and founders.
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Impact
October, 2024
Venture Central Inc plays a significant role in fostering community improvement in Charlottesville, VA. Through its various initiatives and programs, the organization actively engages local residents and stakeholders in addressing pressing community issues. By promoting collaboration, innovation, and resource sharing, Venture Central Inc helps to enhance the quality of life for individuals and families in the area. Its efforts not only contribute to sustainable development but also empower community members to take an active role in shaping the future of their neighborhoods. Overall, Venture Central Inc serves as a catalyst for positive change and development within the community.
This information is meant to be a general summary of Venture Central 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 2024.
- Gross Receipts: $797,425
Assets and Liabilities:
- Total Assets: $100,443
- Total Liabilities: $75,000
- Net Assets: $25,443
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Organization Details
Founding Year
1979
Principal Officer
Rahul Keshap
Website
www.venturecentralva.comNTEE Category
Code: S30 - Community improvement
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