Overview
What is Venture For America Inc?
Venture For America Inc is a nonprofit organization that fosters economic growth in American cities by empowering aspiring entrepreneurs. Based in Detroit, Michigan, they recruit and train top college graduates, placing them in startups in emerging entrepreneurial ecosystems across the nation. Through a rigorous two-year fellowship program, Venture For America offers a two-week training camp and ongoing support, helping fellows launch high-impact businesses. They also operate an accelerator for program graduates starting their own ventures. Committed to diversity and inclusion, Venture For America offers relocation assistance and support groups for underrepresented communities. In summary, Venture For America Inc is a dynamic nonprofit organization that equips the next generation of entrepreneurs with necessary skills and resources to create jobs and spur economic growth in American cities.
Official website here: www.ventureforamerica.org
Is Venture For America Inc legitimate?
Venture For America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venture For America 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.
Here are some key statistics you may want to consider:
Executive Compensation: $1,003,916
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,226,399
For more financial information, click here
Official website here: www.ventureforamerica.org
What is the mission statement of Venture For America Inc?
Venture For America Inc is an organization that aims to foster economic opportunity by mobilizing the next generation of entrepreneurs. They equip these individuals with the necessary skills and resources to create jobs, primarily through a two-year fellowship program. The program places recent college graduates in startups in emerging entrepreneurship ecosystems, providing them with training, ongoing support, and resources to launch their own high-impact businesses. Venture For America Inc also operates an accelerator for program graduates starting their own businesses. The organization is committed to diversity and inclusion, offering relocation assistance and support groups for underrepresented groups in entrepreneurial communities.
Official website here: www.ventureforamerica.org
Who is the CEO of Venture For America Inc?
Eric Somerville is the Director of Venture For America Inc. The CEO's salary of Venture For America Inc is $250,000 and their total compensation is $264,733.
Official website here: www.ventureforamerica.org
What is the revenue of Venture For America Inc?
Venture For America Inc's revenue in 2022 was $5,383,435.
Official website here: www.ventureforamerica.org
Who are the executives of Venture For America Inc and what are their salaries?
The average compensation at Venture For America Inc during 2022 was $65,925. There are 49 employees and 300 volunteers at Venture For America Inc.
Here are 19 key members and their salaries (Venture For America Inc's CEO's salary is $250,000 and their total compensation is $264,733):
- Eric Somerville (Ceo) [Trustee/Director]
- Elizabeth Park (Employee)
- Carrie Murphy (Employee)
- Mary Wright (Employee)
- Keenan Covington (Employee)
- Brandon Mitchell (Employee)
- Abby Guerin Russell (Employee)
- James Feagin (Director)
- Jaret Davis (Director)
- Shane Tintle (Director)
- Christian Anthony (Director)
- Gigi Lee Chang (Director)
- Eric Felder (Director)
- Marcy Engel (Director)
- Shegun Otulana (Director)
- Jennifer Gabrielli (Director)
- Dorie Smith (Chairperson) [Trustee/Director]
- Jay Bockhaus (Treasurer) [Trustee/Director]
- Sy Jacobs (Director Emeritus)
Official website here: www.ventureforamerica.org
Where can I find the form 990 for Venture For America Inc?
The Venture For America Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ventureforamerica.org
Learn more at the official website: www.ventureforamerica.org
Mission Statement of Venture For America Inc
Venture For America Inc, a non-profit organization, is committed to fostering economic opportunity in various American cities. Their mission is to mobilize the next generation of entrepreneurs and equip them with the necessary skills and resources to create jobs. By operating a two-year fellowship program, Venture For America recruits, trains, and invests in talented recent college graduates, placing them in startups in emerging entrepreneurship ecosystems. The goal is to help these individuals launch their own high-impact businesses. The organization's mission is to contribute to the creation of job opportunities, thereby enhancing the economic well-being of communities.
Impact
This information is meant to be a general summary of Venture For America Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Venture For America Inc's impact can be seen in the economic revitalization of American cities through the mobilization of the next generation of entrepreneurs. By recruiting, training, and investing in top recent college graduates, VFA is equipping them with the skills and resources needed to create jobs. The organization's two-year fellowship program places fellows in startups in cities with emerging entrepreneurship ecosystems, helping them launch their own high-impact businesses.
Through initiatives like training camp, ongoing programming, accelerator opportunities, and community partnerships, VFA is fostering a community of like-minded individuals united by a shared goal of creating economic opportunity and job growth in cities across the United States. By focusing on diversity and inclusion, VFA is committed to empowering underrepresented groups in entrepreneurial and innovation communities and providing support for fellows and alumni from diverse backgrounds.
Overall, Venture For America Inc's impact lies in its ability to create a network of entrepreneurial leaders who are driving innovation, job creation, and economic growth in American cities.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PLACEMENT FEES
Revenue
$547,000
Organization Details
Founding Year
2011
Phone
(646) 736-6460
Principal Officer
Eric Somerville
Main Address
1420 WASHINGTON AVENUE 301, DETROIT, MI, 48226
Website
www.ventureforamerica.org
NTEE Category
Code: S30 - Community improvement
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