Civic Intelligence

Innovation Studio Inc.

990 • Fiscal year 2015 • EIN 45-5191933

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 09, 2016

Organization ProfileWWW.VENCAF.ORG
1 Broadway FL 14Cambridge, MA 02142

(617) 758-4221

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.75x

Higher debt load relative to assets than 86% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

81st percentile

0.70x

Higher debt load relative to revenue than 81% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

34th percentile

-1.8%

Higher net margin than 34% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

80th percentile

$132,572

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 9.6% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

90th percentile

44%

Faster asset growth than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

15th percentile

-19%

Faster revenue growth than 15% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$1,274,796

Up $389,658 (+44%) from 2014

Net Assets

Down

$313,646

Down $35,209 (-10%) from 2014

Liabilities

Up

$961,150

Up $424,867 (+79%) from 2014

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin34th percentile

Revenue

Down

$1,378,825

Down $320,368 (-19%) from 2014

Expenses

Up

$1,403,543

Up $368,806 (+36%) from 2014

Net Income

Down

-$24,718

Down $689,174 (-104%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0-$500KAssets 2012: $122,584Liabilities 2012: $92,5942012Assets 2013: $114,703Liabilities 2013: $210,763Net Assets 2013: -$96,0602013Assets 2014: $885,138Liabilities 2014: $536,283Net Assets 2014: $348,8552014Assets 2015: $1,274,796Liabilities 2015: $961,150Net Assets 2015: $313,6462015Assets 2016: $1,069,822Liabilities 2016: $447,577Net Assets 2016: $622,2452016Assets 2017: $1,338,829Liabilities 2017: $769,916Net Assets 2017: $568,9132017Assets 2018: $979,709Liabilities 2018: $696,921Net Assets 2018: $282,7882018Assets 2019: $1,265,760Liabilities 2019: $704,913Net Assets 2019: $560,8472019Assets 2020: $1,389,900Liabilities 2020: $911,725Net Assets 2020: $478,1752020Assets 2021: $968,961Liabilities 2021: $714,692Net Assets 2021: $254,2692021Assets 2022: $487,657Liabilities 2022: $714,700Net Assets 2022: -$227,0432022

Highlighted filing

2015

Assets$1,274,796
Liabilities$961,150
Net Assets$313,646
Open 2015 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2012: $75,163Expenses 2012: $45,173Net Income 2012: $29,9902012Revenue 2013: $306,083Expenses 2013: $412,133Net Income 2013: -$106,0502013Revenue 2014: $1,699,193Expenses 2014: $1,034,737Net Income 2014: $664,4562014Revenue 2015: $1,378,825Expenses 2015: $1,403,543Net Income 2015: -$24,7182015Revenue 2016: $1,807,552Expenses 2016: $1,498,953Net Income 2016: $308,5992016Revenue 2017: $1,769,326Expenses 2017: $1,822,658Net Income 2017: -$53,3322017Revenue 2018: $1,763,324Expenses 2018: $2,049,449Net Income 2018: -$286,1252018Revenue 2019: $4,793,113Expenses 2019: $4,515,054Net Income 2019: $278,0592019Revenue 2020: $4,064,836Expenses 2020: $4,144,891Net Income 2020: -$80,0552020Revenue 2021: $2,069,490Expenses 2021: $2,293,396Net Income 2021: -$223,9062021Revenue 2022: $1,723,186Expenses 2022: $2,252,650Net Income 2022: -$529,4642022

Highlighted filing

2015

Revenue$1,378,825
Expenses$1,403,543
Net Income-$24,718
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 9, 2016
Return Version
2015v2.1
Gross Receipts
$1,392,992
Mission and Program Overview

Mission

The organization connects innovators to make great things happen. The organization's mission is to educate and connect anyone with an idea to the resources and relationships they need in order to successfully launch and grow businesses. The organization's vision is to change the world by ensuring innovation is for everyone.

Enhances and accelerates the innovation process through spaces, programs, and conversations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$367,632$388,006▲ $20,374
Cash and Non-Interest-Bearing Accounts$158,190$275,478▲ $117,288
Land, Buildings, and Equipment, Net$169,491$256,970▲ $87,479
Accounts Receivable$159,887$225,527▲ $65,640
Prepaid Expenses and Deferred Charges-$8,652-
Total Assets$885,138$1,274,796▲ $389,658
Other Assets Total$29,938$120,163▲ $90,225
Liabilities
Other Liabilities$336,766$467,948▲ $131,182
Accounts Payable and Accrued Expenses$34,225$250,456▲ $216,231
Deferred Revenue$165,292$242,746▲ $77,454
Total Liabilities$536,283$961,150▲ $424,867
Net Assets / Fund Balance
Unrestricted Net Assets$49,015$195,352▲ $146,337
Temporarily Rstr Net Assets$299,840$118,294▼ $181,546
Total Net Assets Fund Balance$348,855$313,646▼ $35,209
Total Liabilities and Net Assets / Fund Balance$885,138$1,274,796▲ $389,658

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$239,598$38,086$277,684
Leasehold Improvements$17,372$463$17,835
Other Assets Org$58,288--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin WiantExecutive Director, BostonFT$124,033$8,539$132,572
Travis SheridanExecutive Director, St. LouisFT$105,848$4,358$110,206

Board Members and Trustees

NameTitle
Timothy RoweChair & Treasurer
Brian DaceyDirector
Mitch TysonDirector
Stanislav GayshanDirector
Teresa LynchDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$652,672
Program Service Revenue
$582,003
Investment Income
$-8,567
Other Revenue
$152,717
All Other Contributions
$622,672
Change in Net Assets
$-24,718

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,373,958
Revenue Not Reported on Financial Statements
$4,867
Revenue Not Reported on Form 990
$167,771
Other Revenue Adjustments
$4,867
Total Revenue per Audited Statements
$1,541,729
Total Revenue per Form 990
$1,378,825
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$732,054
Salaries, Compensation, and Employee Benefits$671,489
Total Fundraising Expense$15,568
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$269,915$48,776$12,874$331,565
Current Officers, Directors, Trustees, and Key Employees$242,778--$242,778
Occupancy$125,803--$125,803
Fees for Services Management$100,000--$100,000
Fees for Services Accounting$31,250$31,640-$62,890
All Other Expenses$45,067$14,745$218$60,030
Payroll Taxes$49,547$1,656$1,153$52,356
Other Employee Benefits$33,465$1,374$1,118$35,957
Depreciation Depletion$4,634$28,028-$32,662
Fees for Services Other$24,776--$24,776
Other Expenses$20,721$3,290-$20,721
Information Technology$15,385$26$30$15,441
Advertising$9,844--$9,844
Office Expenses$9,595$91-$9,686
Pension Plan Contributions$8,446$212$175$8,833
Travel$6,276$49-$6,325
Conferences and Meetings$4,199$295-$4,494
Insurance$3,329--$3,329
Fees for Services Legal$2,800$65-$2,865
Total Functional Expenses$1,257,728$130,247$15,568$1,403,543

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,502,743
Total Expenses per Form 990$1,403,543
Expenses per Audited Statements$1,398,676
Expenses Not Reported on Form 990$104,067
Expenses Not Reported on Financial Statements$4,867
Other Expense Adjustments$4,867
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$467,948
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“A complete form 990 will be reviewed and approved by the foundation's board members prior to the filing of the return.”

Form 990, Part VI, Section B, Line 12C

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists. The board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the response of the member and making such further investigation as may be warranted in the circumstances, the board or committee determines that the member has in fact failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. Venture cafe foundation, inc. Does have a whistleblower and a document retention and destruction policy in place and will have them approved by the board in writing by december 31, 2016. The policies are also enforced by the organization.”

Form 990, Part VI, Section B, Line 15

“Compensation policy is determined by the board of directors in line with our budgeting process. Periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arms length bargaining. The executive director then implements the policy.”

Form 990, Part VI, Section C, Line 19

“The form 990 and all governing documents, conflict of interest policy, and financial statements are available upon written request.”

Filing and Contact Details

Filer

Filer Name
Venture Cafe Foundation Inc
EIN
45-5191933
Phone
6177584221
Address
1 BROADWAY FL 14, CAMBRIDGE, MA 02142

Signing Officer

Name
Kevin Wiant
Title
Executive Director
Phone
6177584221
Signed
2016-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Wiant
Formed
2012
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
8
Volunteers
35

Preparer

Firm
Cbiz Tofias
Address
500 BOYLSTON STREET, BOSTON, MA 02116
Preparer
Joseph Giso
Phone
6177610600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Net assets transfer to venture cafe st. Louis (ein: 81-0818111) on 1/1/16 -74,195.”

Financial Statement Notes

PART X, LINE 2:

“The foundation accounts for the effect of any uncertain tax positions based on a "more likely than not" threshold to the recognition of the tax positions being sustained based on the technical merits of the position under scrutiny by the applicable taxing authority. If a tax position or positions are deemed to result in uncertainties of those positions, the unrecognized tax benefit is estimated based on a "cumulative probability assessment" that aggregates the estimated tax liability for all uncertain tax positions. The foundation has identified its tax status as a tax-exempt entity as a tax position; however, the foundation has determined that such tax position does not result in an uncertainty requiring recognition. The foundation is not currently under examination by any taxing jurisdictions. The foundation's federal and state tax returns are generally open for examination for three years following the date filed.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Gain/(loss) netted with revenues 8,567.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Other income netted with revenues 4,867.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Gain/(loss) netted with revenues 8,567.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Other income netted with revenues 4,867.”

Raw XML AppendixShowing 400 of 501 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0VENTURE CAFE THURSDAY GATHERING FOR INNOVATORS AND ENTREPRENEURS:THE MISSION OF THE VENTURE CAFE KENDALL WEEKLY GATHERINGS IS TO PROVIDE AN INTERACTIVE FORUM FOR THE EXCHANGE OF INFORMATION, INFORMATIONAL RESOURCES AND CONNECTIONS THAT THEY NEED TO START AND GROW BUSINESSES. THE VENTURE CAFE IS A WEEKLY GATHERING AND SET OF PROGRAMS PRESENTLY SET IN THE 5TH FLOOR CAFE OF THE CAMBRIDGE INNOVATION CENTER (CIC) IN KENDALL SQUARE. THE VENTURE CAFE OCCURS EVERY THURSDAY AFTERNOON FROM 3PM TO 8PM. THE PROGRAM HAD AN AVERAGE ATTENDANCE IN 2015 OF OVER 400 PEOPLE. SOME OF THE METRICS THAT WE TRACK FOR THE VENTURE CAFE ARE: - CUMULATIVE NUMBERS THRU THE END OF 2015 - OVER 1,700 EVENTS, 600+ IN 2015 ALONE - 68,000 CUMULATIVE ATTENDEES WITH 28,000 UNIQUE VISITORS- 2015 NUMBERS - 600+ EVENTS - 19,000+ ATTENDEES - 11,000+ EMAIL NEWSLETTER SUBSCRIBERS AND 9,600+ TWITTER FOLLOWERSSOME EXAMPLES OF EDUCATIONAL TOPICS COVERED AT VENTURE CAFE ARE:- TECHNICAL TRAINING ON TOPICS INCLUDING USER INTERFACE DESIGN, DRUPAL PROGRAMMING, MOBILE APPLICATIONS, SOFTWARE DEVELOPMENT, PROGRAM MANAGEMENT.- SKILLS TRAINING IN CROWDFUNDING, FUNDRAISING FROM VCS AND ANGELS, MARKETING, NETWORKING, COMPANY VALUATION, COMPANY CORPORATE STRUCTURING, TEAM BUILDING.- COMPANY PITCH FEEDBACK SESSIONS FOR COMPANIES FROM SUSTAINABILITY MARKET, LIFE SCIENCES MARKET, RUSSIA, SOUTH KOREA, UNITED KINGDOM, FRANCE, ITALY.- COMPETITIVE HACKATHONS INCLUDING YOUTH CITIES MINI-HACK, BOSTON CLEANWEB. - INTERNATIONAL MARKET & PARTNERSHIP OPPORTUNITIES INCLUDING CZECH, ESTONIA, UNITED KINGDOM, SWITZERLAND, FRANCE, RUSSIA, ITALY, MEXICO AND OTHERS.NOTABLY, VENTURE CAFE'S SUCCESS IS WELL KNOWN. IT HAS BECOME A DESTINATION FOR VISITORS FROM ACROSS THE UNITED STATES AND AROUND THE WORLD SEEKING TO LEARN ABOUT AND CONNECT WITH THE GREATER BOSTON'S INNOVATION ECOSYSTEM, AND IN SOME CASES WITH A VIEW TO REPLICATING VENTURE CAFE'S MODEL AT HOME. GROUPS FROM DOZENS OF CITIES AND COUNTRIES HAVE VISITED THE VENTURE CAFE (IT IS A RARE WEEK THAT DOESN'T SEE AT LEAST ONE FOREIGN DELEGATION) AND AT LEAST 20 NATIONS HAVE HELD NATION-SPECIFIC EVENTS AT THE CAFE. THE VENTURE CAFE THURSDAY GATHERING IS NOW BEING REPLICATED BY OTHER VENTURE CAFE ENTITIES. VENTURE CAFE ST. LOUIS OPENED IN THE FALL OF 2014 AND VENTURE CAFE ROTTERDAM OPENED IN THE FALL OF 2015.
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IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt030
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt026
IRS990/InformationTechnologyGrp/ProgramServicesAmt015385
IRS990/InformationTechnologyGrp/TotalAmt015441
IRS990/InsuranceGrp/ProgramServicesAmt03329
IRS990/InsuranceGrp/TotalAmt03329
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt038549
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0169491
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0256970
IRS990/LandBldgEquipCostOrOtherBssAmt0295519
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt014167
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt030000
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt04867
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt04867
IRS990/MissionDesc0THE MISSION OF THE VENTURE CAFE FOUNDATION IS TO CONNECT INNOVATORS TO MAKE THINGS HAPPEN. THE VENTURE CAFE FOUNDATION BROADENS, CONNECTS AND SUPPORTS THE INNOVATION COMMUNITY THROUGH A PUBLIC NETWORK OF SPACES AND PROGRAMS TO HELP ANYONE WITH AN IDEA SUCCEED. WE BELIEVE ANYONE WITH AN IDEA IS AN INNOVATOR AND THAT INNOVATION IS PRESENT EVERYWHERE. OUR VISION IS TO CREATE A NETWORK OF EMPOWERED INDIVIDUALS AND COMMUNITIES WHO FEEL CONFIDENT IN THE IDEAS AND HAVE RESOURCES TO ACHIEVE THEM. BY PROVIDING SPACES, PROGRAM AND CONNECTIONS, WE CAN STRENGTHEN OUR LOCAL AND GLOBAL COMMUNITIES TO TACKLE PROBLEMS AND CREATIVE SOLUTIONS.OUR PROGRAMS INCLUDE VENTURE CAFE KENDALL, DISTRICT HALL, ROXBURY INNOVATION CENTER, CAPTAINS OF INNOVATION, INNOVATION VISITORS BUREAU AND STARTHUB.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0348855
IRS990/NetAssetsOrFundBalancesEOYAmt0313646
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-8567
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-8567
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0125803
IRS990/OccupancyGrp/TotalAmt0125803
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt091
IRS990/OfficeExpensesGrp/ProgramServicesAmt09595
IRS990/OfficeExpensesGrp/TotalAmt09686
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt029938
IRS990/OtherAssetsTotalGrp/EOYAmt0120163
IRS990/OtherChangesInNetAssetsAmt0-74195
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt01118
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01374
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033465
IRS990/OtherEmployeeBenefitsGrp/TotalAmt035957
IRS990/OtherExpensesGrp/Desc0SERVICE PROVIDERS
IRS990/OtherExpensesGrp/Desc1KITCHEN SUPPLIES
IRS990/OtherExpensesGrp/Desc2PILOT PAYMENTS
IRS990/OtherExpensesGrp/Desc3DISTRICT HALL FEES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03290
IRS990/OtherExpensesGrp/ProgramServicesAmt0133061
IRS990/OtherExpensesGrp/ProgramServicesAmt181964
IRS990/OtherExpensesGrp/ProgramServicesAmt234873
IRS990/OtherExpensesGrp/ProgramServicesAmt320721
IRS990/OtherExpensesGrp/TotalAmt0136351
IRS990/OtherExpensesGrp/TotalAmt181964
IRS990/OtherExpensesGrp/TotalAmt234873
IRS990/OtherExpensesGrp/TotalAmt320721
IRS990/OtherLiabilitiesGrp/BOYAmt0336766
IRS990/OtherLiabilitiesGrp/EOYAmt0467948
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0RESTAURANT REVENUE
IRS990/OtherRevenueMiscGrp/Desc1MANAGEMENT FEE INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt097850
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt150000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt097850
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt150000
IRS990/OtherRevenueTotalAmt0152717
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012874
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt048776
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0269915
IRS990/OtherSalariesAndWagesGrp/TotalAmt0331565
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt01153
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01656
IRS990/PayrollTaxesGrp/ProgramServicesAmt049547
IRS990/PayrollTaxesGrp/TotalAmt052356
IRS990/PensionPlanContributionsGrp/FundraisingAmt0175
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0212
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt08446
IRS990/PensionPlanContributionsGrp/TotalAmt08833
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt08652
IRS990/PrincipalOfficerNm0KEVIN WIANT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0INNOVATION ROOM RENTAL
IRS990/ProgramServiceRevenueGrp/Desc1INNOVATION TOURS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0573208
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt18795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0573208
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt18795
IRS990/ProgSrvcAccomActy2Grp/Desc0DISTRICT HALL:DISTRICT HALL IS THE RESULT OF A COLLABORATIVE PUBLIC (CITY OF BOSTON)-PRIVATE PARTNERSHIP THAT OPENED IN THE FALL OF 2013. DISTRICT HALL IS A DEDICATED CIVIC SPACE WHICH VENTURE CAFE FOUNDATION OPERATES UNDER AN AGREEMENT WITH THE CITY OF BOSTON. THE INNOVATION DISTRICT IS THE CITY OF BOSTON'S INITIATIVE TO TRANSFORM 1,000 ACRES OF UNDERUTILIZED WATERFRONT PARCELS IN SOUTH BOSTON INTO AN URBAN ENVIRONMENT THAT FOSTERS INNOVATION, COLLABORATION, AND ENTREPRENEURSHIP.DISTRICT HALL HAS OPEN WORKSPACE, CLASSROOMS, ASSEMBLY SPACE, FLEXIBLE USE 'PODS', AND WRITABLE SURFACES EVERYWHERE. VENTURE CAFE WORKS WITH MUNICIPALITIES, NON-PROFIT GROUPS, COLLEGES AND UNIVERSITIES, INDUSTRY ASSOCIATIONS, LOCAL NEIGHBORHOOD GROUPS, AND COMPANIES TO MAKE AVAILABLE INFORMATIONAL RESOURCES AND PRESENT EDUCATIONAL PROGRAMS AND ACTIVITIES THAT ENCOURAGE INNOVATORS TO CONNECT, COLLABORATE AND TO START NEW BUSINESSES.SOME OF THE METRICS THAT WE TRACK FOR THE VENTURE CAFE ARE: - HOSTED OVER 800 EVENTS- OVER 60,000 PEOPLE ATTENDED THE EVENTS WHILE ANOTHER 50,000 WERE ESTIMATED TO USE THE REST OF THE BUILDING - DISTRICT HALL HAS OVER $1M IN SPARE RENTAL VALUE TO THE INNOVATION COMMUNITY THROUGH DISCOUNTS AND EVENT SPONSORSHIPS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0679100
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0661807
IRS990/ProgSrvcAccomActy3Grp/Desc0ROXBURY INNOVATION CENTER:THE ROXBURY INNOVATION CENTER IS A CIVIC INNOVATION CENTER THAT SUPPORTS LOCAL ECONOMIC DEVELOPMENT IN ROXBURY BY ENCOURAGING INNOVATION AND ENTREPRENEURSHIP. THE VENTURE CAFE FOUNDATION OPERATES THE ROXBURY INNOVATION CENTER (RIC) AS A MISSION-DRIVEN EVENT AND PROGRAMMING SPACE. RIC IS POSITIONED AS A PLATFORM: A LOCAL SPACE THAT IS AVAILABLE FOR GROUPS TO PROVIDE PROGRAMMING THAT SUPPORTS INNOVATORS, ENTREPRENEURS, AND BUSINESS FOUNDERS. VENTURE CAFE ALSO PRODUCES PROGRAMMING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt058239
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt016813
IRS990/ProgSrvcAccomActyOtherGrp/Desc0CAPTAINS OF INNOVATION:THE CAPTAINS OF INNOVATION PROGRAM PROVIDES EXECUTIVES AND BUSINESS DEVELOPMENT PROFESSIONALS FROM LARGER COMPANIES WITH INFORMATION AND EDUCATIONAL RESOURCES ABOUT THE BOSTON AREA WITH A VIEW TO ASSIST THEM IN WORKING WITH LOCAL STARTUPS THROUGH PARTNERSHIPS AND INVESTMENTS. THE PROGRAM ACCELERATES THE ABILITY OF STARTUP COMPANIES TO CONNECT WITH LARGER COMPANIES FOR CUSTOMERS, DISTRIBUTION PARTNERS OR INVESTORS. CAPTAINS PROGRAM MEMBERS SO FAR HAVE INCLUDED BRITISH TELECOM, NTT DOCOMO (JAPAN), EASTERN BANK, AND VERIZON WIRELESS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc1INNOVATION VISITORS BUREAU (IVB):THE INNOVATION VISITORS BUREAU (IVB) IS A PLATFORM FOR EDUCATING AND CONNECTING INNOVATION PLAYERS WORLDWIDE TO THE MASSACHUSETTS INNOVATION ECOSYSTEM. IVB PROVIDES INFORMATION AND RESOURCES TO FOREIGN AND DOMESTIC INDIVIDUALS AND BUSINESSES ABOUT THE MASSACHUSETTS INNOVATION ECOSYSTEM, FACILITATES OPPORTUNITIES TO VISIT BOSTON AREA INNOVATION-RELATED INSTITUTIONS AND PROVIDES OPPORTUNITIES FOR THEM TO TAKE PART IN LOCAL INNOVATION-RELATED ACTIVITIES. THE GOAL IS TO FOSTER INTERNATIONAL LINKAGES WITH THE MASSACHUSETTS INNOVATION ECONOMY WITH THE AIM OF CREATING CONCRETE, VALUABLE OUTCOMES, SUCH AS INBOUND DIRECT INVESTMENT, STRATEGIC PARTNERSHIPS AND COLLABORATIONS THAT LEAD TO INCREASED EXPORTS OF MASSACHUSETTS PRODUCTS AND SERVICES. IVB ORGANIZES VISITS THAT PROVIDE VISITORS WITH INSIGHT INTO MASSACHUSETTS MOST INNOVATIVE FACILITIES.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2STARTHUB:COMPREHENSIVE ONLINE RESOURCES CENTER FOR BOSTON'S STARTUP AND INNOVATION COMMUNITY, INCLUDING PROGRAMS, EVENT, RESOURCES, JOB, INVESTORS AND MORE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt013759
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt115635
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt2841
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt16200
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt20
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01061946
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0516632
IRS990/PYOtherRevenueAmt0172313
IRS990/PYProgramServiceRevenueAmt0464934
IRS990/PYRevenuesLessExpensesAmt0664456
IRS990/PYSalariesCompEmpBnftPaidAmt0518105
IRS990/PYTotalExpensesAmt01034737
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01699193
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-24718
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt049900
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0367632
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0388006
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE RETURN ENDING 12/31/12 WAS THE INITIAL YEAR OF THE FOUNDATION. THE FOUNDATION BEGAN ITS OPERATIONS ON 3/14/12.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SHORT YEAR RETURN:
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0652672
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01061946
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0248812
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt055163
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02018593
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0734720
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0637247
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt057271
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01429238
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt02305251
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0425555
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0416446
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0300579
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01142580
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0425555
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt0416446
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0300579
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt01142580
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01387392
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01699193
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0306083
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt055163
IRS990ScheduleA/Total509Grp/TotalAmt03447831
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01387392
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01699193
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0306083
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt055163
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03447831
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0159204
IRS990ScheduleD/DonatedServicesUseFcltsAmt095500
IRS990ScheduleD/EquipmentGrp/BookValueAmt0239598
IRS990ScheduleD/EquipmentGrp/DepreciationAmt038086
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0277684
IRS990ScheduleD/ExpensesNotReportedAmt0104067
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt04867
IRS990ScheduleD/ExpensesSubtotalAmt01398676
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017372
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0463
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt017835
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt061875
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt158288
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OTHER ASSETS
IRS990ScheduleD/OtherExpensesIncludedAmt08567
IRS990ScheduleD/OtherExpensesNotIncludedAmt04867
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0467948
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherRevenueAmt08567
IRS990ScheduleD/OtherRevenuesNotIncludedAmt04867
IRS990ScheduleD/RevenueNotReportedAmt0167771
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt04867
IRS990ScheduleD/RevenueSubtotalAmt01373958
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE FOUNDATION HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS A TAX POSITION; HOWEVER, THE FOUNDATION HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE FOUNDATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTIONS. THE FOUNDATION'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAIN/(LOSS) NETTED WITH REVENUES 8,567.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2OTHER INCOME NETTED WITH REVENUES 4,867.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3GAIN/(LOSS) NETTED WITH REVENUES 8,567.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4OTHER INCOME NETTED WITH REVENUES 4,867.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0256970
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0120163
IRS990ScheduleD/TotalExpensesPerForm990Amt01403543
IRS990ScheduleD/TotalLiabilityAmt0467948
IRS990ScheduleD/TotalRevenuePerForm990Amt01378825
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01541729
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01502743

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,274,796
Liabilities
$961,150
Net assets
$313,646
Revenue
$1,378,825
Expenses
$1,403,543
Net income
-$24,718
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.49$0.71$0.23$1.72$2.25$0.53
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.71$0.25$2.07$2.29$0.22
2020Detailed filing. Detailed filing data is available for this year.$1.39$0.91$0.48$4.06$4.14$0.08
2019Summary only. Only limited summary data is available for this year.$1.27$0.70$0.56$4.79$4.52$0.28
2018Detailed filing. Detailed filing data is available for this year.$0.98$0.70$0.28$1.76$2.05$0.29
2017Detailed filing. Detailed filing data is available for this year.$1.34$0.77$0.57$1.77$1.82$0.05
2016Detailed filing. Detailed filing data is available for this year.$1.07$0.45$0.62$1.81$1.50$0.31
2015Detailed filing. Detailed filing data is available for this year.$1.27$0.96$0.31$1.38$1.40$0.02
2014Detailed filing. Detailed filing data is available for this year.$0.89$0.54$0.35$1.70$1.03$0.66
2013Detailed filing. Detailed filing data is available for this year.$0.11$0.21$0.10$0.31$0.41$0.11
2012Summary only. Only limited summary data is available for this year.$0.12$0.09$0.08$0.05$0.03