Overview
What is Kore Venture Inc?
Kore Venture Inc is a nonprofit organization situated in Salem, New Hampshire, with a focus on supporting young adults from affluent families. Their primary objective is to assist these individuals in finding fulfillment and satisfaction in life, beyond material possessions or career success. They achieve this by hosting a retreat called the KORE Kickstarter, which encourages self-discovery and exploration of one's purpose. Kore Venture Inc's mission is to empower and equip these young leaders, helping them navigate wealth, provide leadership within their families, contribute to society, and confidently pursue their unique paths. The organization has a compact team of four dedicated employees.
Official website here: www.koreventure.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Kore Venture Inc holds a Two-Star out of Four Star rating with an overall score of 72%. The organization demonstrates strengths in several areas of accountability and finance, such as having a majority independent board and no material diversion of assets. Their high program expense ratio of 75.20% indicates a commitment to directing funds toward their mission effectively.
However, the organization faces significant limitations, particularly with its liabilities to assets ratio, which stands at an alarming 1364.03%. Additionally, while they have policies in place for conflict of interest and document retention, they have failed to post their tax form on their website, which is an important transparency measure. This combination of strengths and weaknesses contributes to the overall rating of "Needs Improvement."
This AI summary has been generated from information found on Charity Navigator.
Is Kore Venture Inc legitimate?
Kore Venture Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kore Venture 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,915
For more financial information, click here
Official website here: www.koreventure.org
What is the mission statement of Kore Venture Inc?
Kore Venture Inc's mission is centered around empowering and equipping young leaders from affluent backgrounds. The organization aims to help these individuals navigate the intricacies of wealth, provide leadership within their families, contribute positively to society, and discover their unique life path with clarity, confidence, and conviction. To accomplish this, Kore Venture hosts the KORE Kickstarter, a retreat for young adults, where they explore questions related to satisfaction, fulfillment, and personal growth in the context of wealth. The retreat strives to aid participants in finding balance between wealth, work, relationships, and personal development, ultimately encouraging them to make a meaningful impact in their lives and the world.
Official website here: www.koreventure.org
Who is the CEO of Kore Venture Inc?
Mark Macdonald is the Board Treasurer / Ceo of Kore Venture Inc. The CEO's salary of Kore Venture Inc is $48,000 and their total compensation is $48,000.
Official website here: www.koreventure.org
What is the revenue of Kore Venture Inc?
Kore Venture Inc's revenue in 2022 was $572,013.
Official website here: www.koreventure.org
Who are the executives of Kore Venture Inc and what are their salaries?
The average compensation at Kore Venture Inc during 2022 was $52,979. There are 4 employees and 4 volunteers at Kore Venture Inc.
Here are 6 key members and their salaries (Kore Venture Inc's CEO's salary is $48,000 and their total compensation is $48,000):
- Compensation: $48,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $72,000
- Related: $0
- Other: $0
Official website here: www.koreventure.org
Where can I find the form 990 for Kore Venture Inc?
Kore Venture Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.koreventure.org
Learn more at the official website: www.koreventure.org
Mission Statement of Kore Venture Inc
Kore Venture Inc, a community-driven organization, is committed to empowering and equipping young leaders from affluent families. Its mission is to guide these young individuals in navigating the intricacies of wealth, providing leadership within their families, contributing positively to society, and discovering their unique paths in life. Through the KORE Kickstarter retreat, Kore Venture Inc encourages self-reflection and exploration, helping young adults answer questions about fulfillment, satisfaction, and personal growth amidst wealth. By fostering clarity, confidence, and conviction, Kore Venture Inc aims to empower its participants to make a meaningful impact in their lives and communities.
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Impact
July, 2024
Kore Venture Inc's impact lies in its dedication to empowering young leaders from wealthy backgrounds to navigate the complexities of wealth, provide leadership for families, contribute to society, and gain the clarity, confidence, and conviction to pursue their unique paths in life. Through initiatives like the KORE Kickstarter weekend retreat, Kore Venture Inc equips young adults with the tools to find satisfaction and fulfillment in their work and relationships amidst wealth, ultimately helping them grow into the person they are meant to be and make a positive difference in the world. The organization's focus on community improvement underscores its commitment to fostering a new generation of leaders who are not only successful but also socially conscious and impactful.
This information is meant to be a general summary of Kore Venture 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 2022.
- Program Service Revenue: $25,493
- Gross Receipts: $572,013
Assets and Liabilities:
- Total Assets: $131,408
- Total Liabilities: $312,937
- Net Assets: -$181,529
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program fees
Revenue
$25,493
Organization Details
Founding Year
2020
Phone
(617) 466-6428Principal Officer
Mark Macdonald
Main Address
38 Ticklefancy Ln, Salem, NH, 03079
Website
www.koreventure.orgNTEE Category
Code: S30 - Community improvement
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