2025-04-21T15:38:01-05:00 2024-06-30 582487348 Aprio Advisory Group LLC 111 Rockville Pike Suite 600 Rockville MD 20850 990 2023-07-01 421727335 National Collegiate Investors & Innovators Alliance Inc NATI 4135872172 100 Venture Way Hadley MA 01035 Chris Desrosiers Vice President of Finance 4135872172 2025-04-18 1 1 Stacy Cullen P00974308 3012316200 2025-04-18 2023 2025-03-06 01:10:19Z VentureWell Philip J Weilerstein 100 Venture Way Hadley MA 01035 116586489 0 X www.venturewell.org X 2007 MA VentureWell is on a mission to cultivate a pipeline of inventors, innovators, and entrepreneurs driven to solve the world's biggest challenges and to create lasting impact. We foster collaboration among the best minds from research labs, classrooms, and beyond to advance innovation and entrepreneurship education and to provide unique opportunities for stem students and researchers to fully realize their potential to improve the world. 14 14 155 14 0 0 4725919 6951186 88491570 108534310 106610 1088852 7116 12141 93331215 116586489 3255827 5691603 0 0 14002747 18701481 0 41088 770967 72612015 86377700 89870589 110811872 3460626 5774617 53617163 67322326 25687239 33344016 27929924 33978310 X VentureWell is on a mission to cultivate a pipeline inventors, innovators, and entrepreneurs driven to solve the world's biggest challenges and to create lasting impact. We foster collaboration among the best minds from research labs, classrooms, and beyond to advance innovation and entrepreneurship education and to provide unique opportunities for stem students and researchers to fully realize their potential to improve the world. 0 0 96646706 5691603 108534310 RADX - VentureWell serves as the network partner and administrator for the National Institutes of Health's Rapid Acceleration of Diagnostics Initiative. Known as RADX, this program aims to expand the range of innovative diagnostic technologies available to support a rapid increase in reliability, speed, and scale of testing for SARS-CoV-2 (the virus that causes COVID-19) across the country. In addition to the 3 grants programs outlined on lines 4a through 4c, NCIIA also: a) awards other types of grants primarily to institutions of higher education in keeping with the organization's mission of promoting invention, innovation and entrepreneurship; b) offers membership to colleges and universities across the U.S., which afford member institutions the opportunity to attend NCIIA-sponsored events at reduced rates, tap into the NCIIA network, and to apply for NCIIA grants; c) conducts workshops and events, including but not limited to an annual conference and workshops designed to teach technology entrepreneurship basics and how to enhance success of commercializing inventions and innovations; and d) invests in select ventures emerging from U.S institutions of higher education. I-Corps Program - VentureWell led courses engage participants in moving products out of the lab into the market by talking to potential customers, partners and competitors, and encountering the challenges and uncertainty of creating successful innovations. 96646706 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 471 0 1 155 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X Chris Desrosiers 4135872172 100 Venture Way Hadley MA 01035 Abigail Barrow Chair 1.00 X X 0 0 0 Todd Warren Treasurer 1.00 X X 0 0 0 Mike Marasco Secretary 1.00 X X 0 0 0 Gilda Barabino Director 1.00 X 0 0 0 Carol Dahl Director 1.00 X 0 0 0 Monica Dean Director 1.00 X 0 0 0 Jose Estabil Director 1.00 X 0 0 0 Randy Lewis Director 1.00 X 0 0 0 Rodney Priestley Director 1.00 X 0 0 0 Youseph Yazdi Director 1.00 X 0 0 0 Jerry Engel Emeritus Board Member 1.00 X 0 0 0 Mike Malone Emeritus Board Member 1.00 X 0 0 0 Donna Petkanics Emeritus Board Member 1.00 X 0 0 0 Paul Yock Emeritus Board Member 1.00 X 0 0 0 Philip Weilerstein President & CEO 35.00 X 346432 0 64140 Mark Marino VP, Growth Strategy 35.00 X 221971 0 46390 Christopher Desrosiers VP, Fin & Admin (Non-Director) 35.00 X 226861 0 36082 Ursa Scherer VP, People & Culture 35.00 X 217990 0 34955 Demetria Gallagher VP, Higher Ed Innov. Ecosystems 35.00 X 215628 0 24309 Christina Tamer VP, Ventures 35.00 X 190418 0 32804 Rebekah Neal VP, Commercialization 35.00 X 176297 0 30297 Jennifer Holme Chief of Staff, Asst. Sec. (Non-Director) 35.00 X 148221 0 40407 1743818 0 309384 61 0 1 0 Sapphiros LLC 27 Drydock Avenues 3rd Floor Boston MA 02210 Program Delivery 8044637 CovarsaDx Corporation 8607 Imperial Highway Ste 103 Downey CA 90242 Program Delivery 6877117 L3 Healthcare LLC 2850 Womble Road Suite 100-516 San Diego CA 92106 Program Delivery 5414191 AxteriaBioMed Consulting Inc 8040 Cobble Creek Circle Potomac MD 20854 Program Delivery 3795474 Maxim Biomedical Inc 1500 East Gude Drive Suite A Rockville MD 20850 Research and Development 3031945 95 5908621 1042565 6951186 Service Fees 900099 107233575 107233575 Participant Registrati 900099 1300735 1300735 108534310 671149 671149 417703 0 417703 417703 417703 Other Income 900099 12141 12141 12141 116586489 108534310 0 1100993 X 4976376 4976376 274653 274653 440574 440574 1231680 550581 647733 33366 14269405 6378664 7504182 386559 856502 382871 450428 23203 1160601 518809 610351 31441 1183293 528952 622286 32055 106505 18511 87994 79989 13903 66086 164352 164352 41088 41088 83200 83200 79515438 77958289 1543953 13196 14740 14740 271740 249006 22445 289 2667281 1742448 917041 7792 629934 499775 123746 6413 881704 643497 216793 21414 1380866 1284160 88294 8412 22118 22118 241089 105391 135698 Recruitment and Trainin 149009 980 148029 Service Fees 115697 45191 70506 Memberships and Dues 26446 12131 12928 1387 Communication 20388 20388 7204 7204 110811872 96646706 13394199 770967 7183615 5778778 19668867 14546889 16555019 7355785 689159 1152328 538348 509533 50933 28815 8038804 37235531 365255 278860 1065511 945340 53617163 67322326 11549987 15762244 22000 66000 14115252 17515772 25687239 33344016 X 24903654 32167557 3026270 1810753 27929924 33978310 53617163 67322326 X 5774617 329128 -55359 X X 0 1 X 1 1 1 X 13091319 4052055 5208642 4725919 6951186 34029121 5635054 41273648 76260933 88491570 108546451 320207656 18726373 45325703 81469575 93217489 115497637 354236777 35465 35465 6926478 2104086 2949030 11979594 6926478 2104086 2984495 12015059 342221718 51606 41689 62423 123139 671149 950006 51606 41689 62423 123139 671149 950006 5507 12791 7116 12141 37555 18777979 45372899 81544789 93347744 116180927 355224338 0.96340 0.98550 0.00270 0.00140 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 164352 0 0 164352 0 43686 32268 11418 494662 477265 17397 28815 Refundable advances 16304012 Deferred Compensation 278860 Lease Liability 932900 17515772 X 116791318 329128 14260 -55359 288029 116503289 83200 83200 116586489 110742932 14260 14260 110728672 83200 83200 110811872 Part X, Line 2: The Organization evaluates uncertainty in income tax positions based on a more-likely-than-not recognition standard. If that threshold is met, the tax position is then measured at the largest amount that is greater than 50% likely of being realized upon ultimate settlement. As of June 30, 2023 and 2022, there were no accruals for uncertain tax positions. If applicable, the Organization records interest and penalties as a component of income tax expense. Tax years from June 30, 2020 through the current year remain open for examination by federal and state tax authorities. Part XI, Line 2d - Other Adjustments: Impairment loss on investments -55,359. 1 Russia and Neighboring States 0 0 Program Services Consulting expenses related to the U.S. Department of State GIST program. 91206 Middle East and North Africa 0 0 Program Services Consulting expenses related to NAS Innovate Egypt Program. 38625 East Asia and the Pacific 0 0 Program Services Event and Consulting expenses related to GIST ASEAN & Pacific program in Fiji and Thailand and the 2024 Collective Souls Japan Feasibility Study 127693 Europe (Including Iceland & Greenland) 0 0 Program Services Event & Consulting expenses related to the FAO Lean Innovation program in Rome 6600 0 0 0 0 0 0 264124 0 264124 Sub-Saharan Africa GIST Innovation Hub Award 5600 0 East Asia and the Pacific GIST APEC 2023 Prizes, GIST Innovation Hubs ASEAN Awards, GIST Pacific Islands Startup Training Prize 74700 0 Europe (Including Iceland & Greenland) GIST Innovation Hub Award 11200 0 Russia and Neighboring States U.S. Department of State GIST Innovation Hub Award 69400 0 South America GIST Innovation Hub Award, GIST Innovates South Caucasus Mini Grant, GIST Ukraine Ecosystem Event Stipend 8400 0 South Asia GIST Innovation Hub Award 18750 0 North America Grant in relation to the IFAD M4D program 10000 0 South America 5 10150 Europe (Including Iceland & Greenland) 1 950 East Asia and the Pacific 82 44831 Sub-Saharan Africa 2 53325 Russia and Neighboring States 60 122668 South Asia 1 3325 North America 1 1150 Middle East and North Africa 1 3325 0 0 0 0 0 0 Part I, Line 2: Each grant application is reviewed for qualifications once the grant has been awarded, the organization requires the recipient to provide reports to the organization to substantiate that the grant was used for its designated purpose. 0 Lewis Burke Associates LLC 440 1st StreetNW Suite 700 Washington DC 20001 Consults on general solicitation of government grants and ot 0 0 41088 -41088 41088 -41088 1 2TWELVE90 LLC 3000 YACHTSMAN DR Mount Pleasant SC 29466 933165250 LLC 562500 0 WFF Advanced Mobility Venture Studio Operations Agpreneur Inc 149 New Montgomery Street San Francisco CA 94105 352814076 Corporation 50000 0 International Fund for Agricultural Development (IFAD) 2023 Moonshots for Development Award for development of AI for climate reilience. Akron University of 302 Butchtel Common Akron OH 44325 346002924 170(c)(1) 20000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Alliance for Sustainable Energy LLC 15013 Denver West Parkway Golden CO 80401 261939342 LLC 7500 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Angel Capital Association 10977 Granada Ln Overland Park KS 66211 203398404 501(c)(3) 10000 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. Arizona State University PO Box 876011 Tempe AZ 85287 860196696 501(c)(3) 50000 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market and funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Association of University Technology Managers 712 H StreetSuite 1611 Washington DC 20002 363011951 501(c)(3) 11350 0 Funding for new initiatives that will develop into useful resources for the VentureWell community and beyond. Benedict College 1600 Harden Street Columbia SC 29204 570314365 501(c)(3) 30000 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. Black Women Talk Tech Inc 447 Broadway 2nd Fl Suite 514 New York NY 10013 822188391 Corporation 10000 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. Bowie State University Foundation 1400 Jericho Park Road Bowie MD 20715 520952758 Corporation 10000 0 Funding for new initiatives that will develop into useful resources for the VentureWell community and beyond. Bug Mars Inc 52 Bostonia Ave Brighton MA 02135 920412513 Corporation 20000 0 GIST APEC 2023 1st Place Mini Grant California Poly Corporation 1 Grand Avenue Bldg 15 San Luis Obispo CA 93407 951648180 501(c)(3) 25000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. California State University Fullerton 2600 E Nutwood Ave Suite 830 Fullerton CA 92831 330567945 501(c)(3) 30000 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. California State University San Bernadino 5500 University Parkway San Bernardino CA 92407 452255077 501(c)(3) 29600 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. California Davis University of 1850 Research Parrk Dr Suite 300 Davis CA 95618 946036494 501(c)(3) 20000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. California San Diego University of 9500 Gilman Drive MC0953 La Jolla CA 92093 956006144 501(c)(3) 35000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Clayton State University 2000 Clayton State Blvd Morrow GA 30260 581048855 501(c)(3) 29190 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. Direct Marketing Productions Inc dba eventPower 5205 Woodleaf Court Centreville VA 20120 541813925 Corporation 13170 0 SelectUSA Investment Summit Travel Stipend Drexel University 3201 Arch Street Suite 420 Philadelphia PA 19104 231352630 501(c)(3) 20000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Duke University Box 602651 Charlotte NC 28260 560532129 501(c)(3) 15000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Elizabeth City State University 1704 Weeksville Road Elizabeth City NC 27909 561047680 501(c)(3) 35000 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market; Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Embry-Riddle Aeronautical University 1 Aerospace Blvd Daytona Beach FL 32114 590936101 501(c)(3) 24999 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Georgia Tech Research Corporation 926 Dalney Street NW Atlanta GA 30332 580603146 501(c)(3) 48000 0 2024 Innovate Egypt Business Incubation Host; GIST Business Incubation Host HBCU Founders Initiative 1268 Prospect Street La Jolla CA 92037 863846215 501(c)(3) 30000 0 Designing for Social Good Workshop Sponsorship Johns Hopkins University 3400 N Charles Street Baltimore MD 21218 520595110 501(c)(3) 65000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Lorain County Community College 1005 N Abbe Rd Elyria OH 44035 510146485 501(c)(3) 30000 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. Montana State University 328 Montana HallPO Box 172470 Bozeman MT 597172470 816010045 501(c)(3) 30000 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. Morgan State University 1700 EAST COLD SPRING LANE Baltimore MD 21251 526002033 501(c)(3) 29952 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. NetaCarbon 125 Western Ave Allston MA 02134 933962818 Corporation 7000 0 GIST APEC 2023 4th Place mini grant North Carolina A&T State University 1601 East Market St Greensboro NC 27411 566000007 501(c)(3) 33510 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market; Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Northwestern University 633 Clark Street Evanston IL 60208 362167817 501(c)(3) 15000 0 2023 DEBUT Challenge Prize Pennsylvania State University 408 Old Main University Park PA 16802 246000376 Government Entity Ex 50000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Pennsylvania University of P221 Franklin Bldg 3451 Walnut St Philadelphia PA 19104 231352685 501(c)(3) 30000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Philadelphia College of Osteopathic Medicina 4190 City Avenue Philadelphia PA 19131 231355135 501(c)(3) 29975 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. Portland State University PO Box 751 SPA Portland OR 97207 364776757 170(c)(1) 30000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Puerto Rico Mayaguez University of Call Box 9000 Mayaguez PR 00681 660433761 501(c)(3) 19988 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Rutgers The State University of New Jersey 33 Knightsbridge Rd Piscataway NJ 08854 226001086 501(c)(3) 40000 0 Funding for new initiatives that will develop into useful resources for the VentureWell community and beyond. Sam Houston State University Box 2183 Huntsville TX 77341 746001430 501(c)(3) 29995 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. Southern California University of UNIVERSITY GARDENS BLDGSTE 205 Los Angeles CA 90089 951642394 501(c)(3) 20000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Stony Brook University 237 ECC Building Stony Brook NY 11794 141368361 501(c)(3) 29774 0 Funding for new initiatives that will develop into useful resources for the VentureWell community and beyond. Tennessee Tech University One Willliam L Jones Drive Cookeville TN 38505 620646806 170(c)(1) 27637 0 Funding for new initiatives that will develop into useful resources for the VentureWell community and beyond. University Industry Demonstration Partnership 1705 Richland StSuite G Columbia SC 29201 472867445 501(c)(3) 10000 0 Funding for new initiatives that will develop into useful resources for the VentureWell community and beyond. University of Central Florida Research Foundation Inc 12201 Research ParkwaySuite 501 Orlando FL 32826 593086453 Corporation 25108 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. USASBE 1214 Hyland Hall Whitewater WI 53190 521287170 501(c)(3) 10000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Virginia Polytechnic Institute and State University 215 Hancock Hall Blacksburg VA 24061 546001805 State Agency 30000 0 Grants to help fund and support faculty with innovative ideas to create new or transform existing courses and programs to help students develop novel, STEM-based inventions and gain the necessary entrepreneurial skills needed to bring these ideas to market. Washington - Seattle Campus University of 4300 Roosevelt Way NE Box 354965 Seattle WA 98105 916001537 State Government 65000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. William Marsh Rice University 6100 Main Street MS-142 Houston TX 77005 741109620 501(c)(3) 10000 0 Funding for new initiatives that will develop into useful resources for the VentureWell community and beyond. Yale University PO Box 208327 New Haven CT 065208237 060646973 501(c)(3) 42500 0 NSF Includes Stipend; Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. Youngstown State University 1 Tressel Way Youngstown OH 44555 341011998 501(c)(3) 6000 0 Funding for new initiatives that will develop into useful resources for the VentureWell community and beyond. Texas A&M University Tamu MS 600 College Station TX 77843 746000053 State Gov Institutio 20000 0 Funding, hands-on workshops, peer networking opportunities, and expert coaching for student teams working to commercialize their high-impact science and technology inventions. 34 16 2023 DEBUT Challenge 58 120875 Annual Conference Stipend OPEN 2024 4 17000 Faculty Grants/Initiatives 36 90000 GIST APEC San Francisco 2023 1 1050 NSF Includes 18 36000 OPENMinds Travel Stipend 14 9728 Part I, Line 2: Each grant application is reviewed for qualifications once the grant has been awarded, the organization requires the recipient to provide reports to the organization to substantiate that the grant was used for its designated purpose. X X X X X X 0 0 0 0 0 0 0 1 0 Philip Weilerstein President & CEO 299261 0 46546 0 625 0 22500 0 41640 0 410572 0 383275 0 Mark Marino VP, Growth Strategy 213846 0 7500 0 625 0 22500 0 23890 0 268361 0 256952 0 Christopher Desrosiers VP, Fin & Admin (Non-Director) 198486 0 27750 0 625 0 0 0 36082 0 262943 0 251784 0 Ursa Scherer VP, People & Culture 189615 0 27750 0 625 0 0 0 34955 0 252945 0 249375 0 Demetria Gallagher VP, Higher Ed Innov. Ecosystems 202572 0 12431 0 625 0 0 0 24309 0 239937 0 209999 0 Christina Tamer VP, Ventures 171135 0 18658 0 625 0 0 0 32804 0 223222 0 187398 0 Rebekah Neal VP, Commercialization 166213 0 9459 0 625 0 0 0 30297 0 206594 0 171558 0 Jennifer Holme Chief of Staff, Asst. Sec. (Non-Dire 119894 0 10899 0 17428 0 22500 0 17907 0 188628 0 296196 0 Part I, Line 7 The organization provided bonus compensation and stipends to its officers and employees during the year. Form 990, Part VI, Section B, line 11b A copy of the Form 990 is provided to the board of directors and they are given the opportunity to review and comment prior to filing. Form 990, Part VI, Section B, line 12c The organization's directors and officers are required to complete a conflict of interest form annually and disclose whether they are engaged in conflicting activities . Form 990, Part VI, Section B, line 15 The compensation amounts for officers/key employees and the executive director are determined by using a comprehensive compensation study prepared by an independent firm that specializes in compensation matters which encompasses comparability data and takes in consideration of job responsibilities and experience levels the board of directors reviews/approve s the annual budget that includes compensation, and the executive director has latitude within the said budget to determine/adjust employee compensation, except the board of directors reviews/approves the specific compensation amount for the executive director. Form 990, Part VI, Section C, line 19 These items are maintained on file and are available upon request. Form 990, Part IX, line 11g Consulting Services: Program service expenses 77,958,289. Management and general expenses 1,543,953. Fundraising expenses 13,196. Total expenses 79,515,438. Form 990, Part XI, line 9: Impairment loss on investments -55,359. Part XII Line 2c No change in process from prior year. VentureWell LLC 100 Venture Way Hadley MA 01035 To invest in and advise student-created ventures MA 0 0 National Collegiate Inventors & Innovators Alliance Inc