Overview
What is Sogal Foundation?
The Sogal Foundation is a nonprofit organization located in Naples, Florida, with a mission to close the diversity gap in entrepreneurship and venture capital. They achieve this by offering educational trainings and mentorship opportunities for junior women in Venture Capital and angel investing, aiming to galvanize future investors who will invest in underrepresented founders. The Foundation organizes an annual global competition for female and underrepresented founders, providing them with valuable training and exposure. Additionally, the Foundation hosts online and in-person events addressing often-overlooked systemic issues in entrepreneurship, such as societal expectations, marriage, fertility, childcare, and eldercare. These events offer coping strategies, financial literacy training, and media skills development to empower diverse entrepreneurs. Through grant funding, the Foundation also provides startup awards to minority women and non-binary business entrepreneurs.
Official website here: www.iamsogal.com/
Is Sogal Foundation legitimate?
Sogal Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sogal Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $253,732
For more financial information, click here
Official website here: www.iamsogal.com/
What is the mission statement of Sogal Foundation?
The Sogal Foundation's mission is centered around addressing the diversity gap in the entrepreneurship and venture capital sectors. They aim to accomplish this by offering educational training and mentorship opportunities for junior women starting their careers in venture capital and angel investing. This initiative aims to create a pool of diverse future investors who will invest significant funds in underrepresented founders. The foundation organizes an annual global competition for female and underrepresented founders, providing them with an immersive educational bootcamp and exposure opportunities. Additionally, the Sogal Foundation hosts online and in-person events, webinars, and fireside chats on various systemic issues affecting diverse entrepreneurs, offering mental health, financial literacy, and media training. These initiatives aim to empower entrepreneurs, strengthen their resilience, and provide them with strategies to navigate often-ignored pressures.
Official website here: www.iamsogal.com/
Who is the CEO of Sogal Foundation?
Elizabeth Galbut is the Global Executive Director of Sogal Foundation.
Official website here: www.iamsogal.com/
What is the revenue of Sogal Foundation?
Sogal Foundation's revenue in 2021 was $302,952.
Official website here: www.iamsogal.com/
Who are the executives of Sogal Foundation and what are their salaries?
The average compensation at Sogal Foundation during 2021 was $63,433. There are 4 employees and 100 volunteers at Sogal Foundation.
Here are 6 key members and their salaries:
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Official website here: www.iamsogal.com/
Where can I find the form 990 for Sogal Foundation?
Sogal Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.iamsogal.com/
Learn more at the official website: www.iamsogal.com/
Mission Statement of Sogal Foundation
The Sogal Foundation is dedicated to bridging the diversity gap in the realms of entrepreneurship and venture capital. Their primary mission is to educate and empower junior women and underrepresented individuals who are starting careers in venture capital and angel investing. By providing them with candid, safe training and mentorship sessions, the Foundation aims to foster a new generation of diverse future investors. These individuals are expected to invest a significant amount, at least $1.5 million, in underrepresented founders, thereby supporting female-owned businesses, which are often underrepresented in the venture capital world.
In addition to its training and mentorship programs, the Sogal Foundation also hosts an annual global competition for female and underrepresented founders. This competition includes multiple regional rounds and a three-day immersive bootcamp for the finalists, offering them exposure and feedback that could potentially lead to securing funding for their businesses. The Foundation's initiatives also extend to hosting online fireside chats, addressing often-ignored systemic issues such as societal expectations, marriage, fertility, childcare, and eldercare. These webinars aim to equip participants with new strategies and resources to cope with the stresses of entrepreneurship and strengthen their resilience despite family responsibility pressures. Furthermore, the Sogal Foundation provides start-up funding awards to minority women and non-binary business entrepreneurs through grant funding.
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Impact
October, 2024
Sogal Foundation significantly impacts the entrepreneurial landscape by addressing the diversity gap in entrepreneurship and venture capital. Through a series of educational initiatives, the Foundation equips junior women and underrepresented individuals with the knowledge and mentorship necessary to thrive in Venture Capital (VC) and angel investing. Its regular webinar series and in-person training sessions foster an open and supportive environment for participants to seek guidance on their career paths, ultimately nurturing a new generation of diverse investors.
By empowering these individuals, Sogal Foundation aims to channel over $1.5 million into underrepresented founders, facilitating critical funding for businesses that traditionally struggle to access capital. The Foundation's annual global competition for female and underrepresented founders provides an exclusive platform for participants to showcase their ventures, receive valuable feedback, and engage in an immersive bootcamp experience. This initiative not only enhances their visibility but also equips them with essential skills and insights needed to secure funding.
Moreover, Sogal Foundation responds to urgent systemic issues through online fireside chats and educational webinars, which address topics such as societal pressures, mental health, financial literacy, and media training. These sessions have reached over 3,600 diverse entrepreneurs, helping them navigate the unique challenges they face in their personal and professional lives.
In addition, the Foundation provides startup funding awards to minority women and non-binary entrepreneurs, ensuring that financial resources are available to those who need them most. Through these multifaceted efforts, Sogal Foundation is making meaningful strides toward creating an equitable ecosystem for diverse entrepreneurs, ultimately fostering innovation and growth in the business world.
This information is meant to be a general summary of Sogal Foundation. 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 2021.
- Investment Income: $49
- Gross Receipts: $302,952
Assets and Liabilities:
- Total Assets: $822,658
- Total Liabilities: $450,000
- Net Assets: $372,658
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Organization Details
Founding Year
2018
Phone
(239) 595-1163Principal Officer
Elizabeth Galbut
Main Address
5560 Strand Court Suite A105, Naples, FL, 34110
Website
www.iamsogal.com/NTEE Category
Code: B03 - Education
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