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Venture Central Inc

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

EIN: 510252306 ✦ Charlottesville, VA ✦ Designated as a 501(c)(3)

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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: $105,288
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

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/

Who is the CEO of Venture Central Inc?

Rahul Keshap is the Executive Di of Venture Central Inc.


Official website here: www.venturecentralva.com/

What is the revenue of Venture Central Inc?

Venture Central Inc's revenue in 2022 was $212,093.


Official website here: www.venturecentralva.com/

Who are the executives of Venture Central Inc and what are their salaries?

There 10 volunteers at Venture Central Inc.


Here are 11 key members and their salaries:


Rahul Keshap (Executive Di)
  • Compensation: $3,000
  • Related: $0
  • Other: $0
Alex Andrew (Executive Di)
  • Compensation: $102,288
  • Related: $0
  • Other: $0
Sarah Rumbaugh (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Rogers (Board Vice C)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roger Johnson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Engel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Atkinson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Caramanis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Herndon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Payam Pourtaheri (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Redinger (Director)
  • Compensation: $0
  • Related: $0
  • 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 2022 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.

Revenue
$212,093 (2022)
Expenses
$186,650 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $212,093

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

Main Address

300 PRESTON AVE 206, CHARLOTTESVILLE, VA, 22902

NTEE Category

Code: S30 - Community improvement

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