Civic Intelligence

Innovation Studio Inc.

990 • Fiscal year 2016 • EIN 45-5191933

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

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

76th percentile

0.42x

Higher debt load relative to assets than 76% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

66th percentile

0.25x

Higher debt load relative to revenue than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

77th percentile

17%

Higher net margin than 77% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

79th percentile

$128,375

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

83rd percentile

31%

Faster revenue growth than 83% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets76th percentile

Assets

Down

$1,069,822

Down $204,974 (-16%) from 2015

Net Assets

Up

$622,245

Up $308,599 (+98%) from 2015

Liabilities

Down

$447,577

Down $513,573 (-53%) from 2015

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin77th percentile

Revenue

Up

$1,807,552

Up $428,727 (+31%) from 2015

Expenses

Up

$1,498,953

Up $95,410 (+6.8%) from 2015

Net Income

Up

$308,599

Up $333,317 (+1348%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth8th 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

2016

Assets$1,069,822
Liabilities$447,577
Net Assets$622,245
Open 2016 Filing

Operations Trend

Revenue Growth83rd 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

2016

Revenue$1,807,552
Expenses$1,498,953
Net Income$308,599
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$1,808,144
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
Cash and Non-Interest-Bearing Accounts$663,484$377,567▼ $285,917
Land, Buildings, and Equipment, Net$256,970$317,546▲ $60,576
Other Notes and Loans Receivable, Net-$180,000-
Accounts Receivable$225,527$101,674▼ $123,853
Prepaid Expenses and Deferred Charges$8,652$9,872▲ $1,220
Total Assets$1,274,796$1,069,822▼ $204,974
Other Assets Total$120,163$83,163▼ $37,000
Liabilities
Accounts Payable and Accrued Expenses$250,456$219,487▼ $30,969
Deferred Revenue$242,746$167,841▼ $74,905
Other Liabilities$467,948$60,249▼ $407,699
Total Liabilities$961,150$447,577▼ $513,573
Net Assets / Fund Balance
Unrestricted Net Assets$195,352$622,245▲ $426,893
Temporarily Rstr Net Assets$118,294$0▼ $118,294
Total Net Assets Fund Balance$313,646$622,245▲ $308,599
Total Liabilities and Net Assets / Fund Balance$1,274,796$1,069,822▼ $204,974

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$289,843$111,392$401,235
Leasehold Improvements$27,703$3,249$30,952
Other Assets Org$83,163--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Travis SheridanExec. Dir., Venture Cafe St. LouisFT$123,305$5,070$128,375
Kevin WiantExecutive Director, BostonFT$122,378$4,564$126,942

Board Members and Trustees

NameTitle
Timothy RoweChair & Treasurer (until Aug. 2016)
Mitch TysonPresident & Treasurer
Damon CoxDirector
Melissa JamesDirector
Susan Windham-bannisterDirector
Teresa LynchDirector
Vinit NijhawanDirector
Brian DaceyDirector (until Aug. 2016)
Stanislav GayshanDirector (until Aug. 2016)

Highest Paid Contractors

ContractorServicesLocationCompensation
Suburban Contract Cleaning INCCleaning/facilities Management65 BAY STATE DR STE 4, Braintree, MA 02184$118,341
Revenue and Support

Revenue Composition

Contributions and Grants
$730,653
Program Service Revenue
$669,429
Investment Income
$-242
Other Revenue
$407,712
All Other Contributions
$730,653
Change in Net Assets
$308,599

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$108,532Fair Market Value (FMV)
Total Noncash Contributions2$108,532-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,807,794
Revenue Not Reported on Financial Statements
$-242
Revenue Not Reported on Form 990
$32,644
Other Revenue Adjustments
$-242
Total Revenue per Audited Statements
$1,840,438
Total Revenue per Form 990
$1,807,552
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$843,954
Salaries, Compensation, and Employee Benefits$651,699
Total Fundraising Expense$31,738
Grants and Similar Amounts Paid$3,300
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$348,647$22,081$26,975$397,703
Occupancy$129,603--$129,603
Current Officers, Directors, Trustees, and Key Employees$126,942--$126,942
Fees for Services Management$100,000--$100,000
All Other Expenses$105,116$-5,506-$99,610
Other Employee Benefits$75,856$2,749$1,254$79,859
Depreciation Depletion$77,138--$77,138
Other Expenses$43,130$46,021$1,523$43,130
Fees for Services Accounting$26,025$17,051-$43,076
Payroll Taxes$37,976$1,107$1,100$40,183
Fees for Services Other$39,835--$39,835
Office Expenses$15,260$426-$15,686
Information Technology$15,302$79-$15,381
Travel$7,256$662-$7,918
Advertising$7,294$241-$7,535
Pension Plan Contributions$5,349$777$886$7,012
Insurance$4,791$1,560-$6,351
Conferences and Meetings$2,114$2,310-$4,424
Grants to Domestic Individuals$3,300--$3,300
Fees for Services Legal$2,696--$2,696
Interest-$332-$332
Total Functional Expenses$1,372,358$94,857$31,738$1,498,953

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,531,839
Expenses per Audited Statements$1,499,195
Total Expenses per Form 990$1,498,953
Expenses Not Reported on Form 990$32,644
Expenses Not Reported on Financial Statements$-242
Other Expense Adjustments$-242
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-GREATER THAN 35% CONTROLLED ENTITY OF A VENTURE CAFE BOARD MEMBERManagement ServicesNo$100,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Bic$60,249
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
No
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 11B

“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.'s whistleblower and a document retention and destruction policy were in place and have been approved by the board in writing during 2017. The policies are also enforced by the organization.”

Form 990, Part VI, Section B, Line 15A

“Based on comparability data and review by independent persons, the full board of trustees proposes, votes on, and sets the compensation for the executive director. There was contemporaneous substantiation of the deliberation and decision. No other officers are compensated by the organization.”

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
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kevin Wiant
Formed
2012
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
6
Employees
21
Volunteers
45

Preparer

Firm
Cbiz Tofias
Address
500 BOYLSTON STREET, BOSTON, MA 02116
Preparer
Brenda L Booth
Phone
6177610600
Supplemental Narrative

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 4B - OTHER ADJUSTMENTS:

“Loss on disposal of assets -242.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Loss on disposal of assets -242.”

Raw XML AppendixShowing 400 of 558 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 KENDALL THURSDAY GATHERING FOR INNOVATORS AND ENTREPRENEURS:THE MISSION OF THE VENTURE CAFE'S 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 WITH A VIEW TO CREATING SUSTAINABLE INNOVATION-DRIVEN BUSINESSES IN THE GREATER BOSTON AREA. IT IS GUIDED BY THE BELIEF THAT INNOVATION IS A SOCIAL PROCESS FUELED BY COMMUNITY AND COLLABORATION. 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. WITH AN AVERAGE ATTENDANCE OF OVER 450 PEOPLE EACH WEEK, IT IS THE LARGEST CROSS-DISCIPLINARY GATHERING OF THE INNOVATION AND STARTUP COMMUNITIES IN NEW ENGLAND. IT PROVIDES A SPACE AND FORUM FOR, EDUCATIONAL PRESENTATIONS, INTRODUCTION OF NEW BUSINESSES, EXPERIENCE SHARING AND PROBLEM SOLVING WITH A UNIQUE OPERATING MODEL THAT HAS BEEN NOTED AS BEING HIGHLY EFFECTIVE. IN 2016, VENTURE CAFE KENDALL HOSTED OVER 775 EVENTS ATTENDED BY OVER 21,000 PEOPLE. SOME 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 NONPROFIT ENTITIES AS PART OF A GROWING NETWORK. SEPARATELY OPERATED VENTURE CAFE'S HAVE NOW OPENED IN ST. LOUIS IN 2014, ROTTERDAM IN 2015, MIAMI IN 2016 AND WINSTON SALEM IN 2017.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR & TREASURER (UNTIL AUG. 2016)
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR (UNTIL AUG. 2016)
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR (UNTIL AUG. 2016)
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE DIRECTOR, BOSTON
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXEC. DIR., VENTURE CAFE ST. LOUIS
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IRS990/MissionDesc0THE VENTURE CAFE FOUNDATION CONNECTS INNOVATORS TO MAKE GREAT THINGS HAPPEN. WE BELIEVE ANYONE WITH AN IDEA HAS THE POTENTIAL TO BE AN INNOVATOR, AND THAT INNOVATION IS PRESENT EVERYWHERE. OUR VISION IS TO CREATE A NETWORK OF EMPOWERED INDIVIDUALS AND COMMUNITIES WHO FEEL CONFIDENT IN THEIR IDEAS AND HAVE THE RESOURCES TO ACHIEVE THEM. BY PROVIDING SPACES, PROGRAMS, AND CONNECTIONS, WE CAN STRENGTHEN OUR LOCAL AND GLOBAL COMMUNITIES TO TACKLE PROBLEMS WITH CREATIVE SOLUTIONS. OUR MISSION IS TO BROADEN, CONNECT, AND SUPPORT AN INCLUSIVE INNOVATION COMMUNITY THROUGH A PUBLIC NETWORK OF SPACES AND PROGRAMS TO HELP ANYONE WITH AN IDEA HAVE THE OPPORTUNITY TO SUCCEED. VENTURE CAFE HAS BEEN OPERATING SITES AND PROGRAMS IN GREATER BOSTON TO ACHIEVE ITS MISSION SINCE 2012. WE HAVE A STRONG RECORD OF PROVIDING VALUE TO THE INNOVATION COMMUNITY. WE TRACK QUANTITATIVE AS WELL AS QUALITATIVE IMPACT OF OUR PROGRAMS.
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IRS990/OtherExpensesGrp/Desc0SERVICE PROVIDERS
IRS990/OtherExpensesGrp/Desc1PAYROLL PROCESSING FEES
IRS990/OtherExpensesGrp/Desc2LICENSE & FILING FEES
IRS990/OtherExpensesGrp/Desc3KITCHEN SUPPLIES
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IRS990/OtherExpensesGrp/ProgramServicesAmt152966
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IRS990/PayrollTaxesGrp/FundraisingAmt01100
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01107
IRS990/PayrollTaxesGrp/ProgramServicesAmt037976
IRS990/PayrollTaxesGrp/TotalAmt040183
IRS990/PensionPlanContributionsGrp/FundraisingAmt0886
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0777
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt05349
IRS990/PensionPlanContributionsGrp/TotalAmt07012
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09872
IRS990/PrincipalOfficerNm0KEVIN WIANT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
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IRS990/ProgramServiceRevenueGrp/Desc1INNOVATION TOURS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0647599
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt121830
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt121830
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. AS A RESULT OF VENTURE CAFE'S SUCCESS IN MANAGING THE INNOVATION CONVERSATION AND EDUCATIONAL PROGRAMS IN CAMBRIDGE, THE CITY OF BOSTON ASKED IT TO RUN PROGRAMMING AND OPERATIONS OF THE DISTRICT HALL. 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. THE TYPES OF PROGRAMS THAT HAVE ALREADY BEEN RUN AT DISTRICT HALL ARE:- CITY OF BOSTON PARTNER PROGRAMS ON ACCESS TO CAPITAL MARKETS AND OPPORTUNITIES IN NEW URBAN MECHANICS PROGRAMMING. THE ACCESS TO CAPITAL MARKETS WORKSHOP WAS AIMED AT ENTREPRENEURS, STARTUPS, AND GROWING SMALL BUSINESSES THAT ARE NAVIGATING THE COMPLEX WORLD OF CAPITAL ACCESS, AND INCLUDED PRESENTATIONS ON EQUITY FINANCING, BANK FINANCING, AND OTHER EARLY STAGE CAPITAL ALTERNATIVES.- SOUTH BOSTON NEIGHBORHOOD HOUSE MEETING INCLUDING PRESENTATIONS OF PROMISING NEW BUSINESSES STARTED BY ADOLESCENTS. - CODECAMP TEACHING SOFTWARE CODING TO BOSTON AREA KIDS, MOST FOR THE FIRST TIME.- MASS CHALLENGE STARTUP COMPETITION DEMONSTRATION NIGHT: DOZENS OF STARTUP COMPANIES DEMONSTRATED THEIR SOLUTIONS WHILE THE PROGRAM SEMIFINALISTS COMPETED IN A PITCH COMPETITION. - MOBILE MONDAY BOSTON NETWORKING NIGHT CONNECTING TEN MOBILE MARKET FOCUSED SUPPORT GROUPS AND THEIR COMPANIES PARTICIPANTS FOR COLLABORATION OPPORTUNITIES, ATTRACTED OVER 600 MOBILE MARKET PARTICIPANTS.- LEARNLAUNCH EDUCATIONAL TECHNOLOGY FOCUSED PROGRAM HELD A STARTUP DEMONSTRATION NIGHT OF COMPANIES IN THEIR ACCELERATOR PROGRAM.- BOSTON BY DESIGN WEEK OF WORKSHOPS ON HOW DESIGN CAN ASSIST AND DRIVE INNOVATION ACROSS A WIDE RANGE OF SECTORS.- LUNCHBEATS: LUNCH DANCE EVENT FOR THE INNOVATION ECOSYSTEM TO CONNECT AND COLLABORATE IN AN INFORMAL SETTING.- BIOTECHNOLOGY NETWORKING AND EDUCATIONAL PROGRAM.- INTELLIGENT.LY IN 2016 OUR DISTRICT HALL TEAM WORKED WITH HUNDREDS OF GROUPS TO PRODUCE INNOVATION AND ENTREPRENEURSHIP FOCUSED PROGRAMS. SOME OF THE METRICS THAT WE TRACK FOR THE VENTURE CAFE ARE: - HOSTED OVER 870 EVENTS.- OVER 80,000 PEOPLE ATTENDED THE EVENTS AND USED THE LOUNGE. - DISTRICT HALL HAS OVER $1M IN SPARE RENTAL VALUE TO THE INNOVATION COMMUNITY THROUGH DISCOUNTS AND EVENT SPONSORSHIPS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0761709
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0734529
IRS990/ProgSrvcAccomActy3Grp/Desc0ROXBURY INNOVATION CENTER (RIC):THE ROXBURY INNOVATION CENTER IS A CIVIC INNOVATION CENTER THAT WILL SUPPORT LOCAL ECONOMIC DEVELOPMENT BY ENCOURAGING INNOVATION AND ENTREPRENEURSHIP FOCUSED ON THE CITY OF BOSTON NEIGHBORHOODS OF ROXBURY, DORCHESTER AND MATTAPAN. SINCE OPENING IN THE FALL OF 2015, ROXBURY INNOVATION CENTER HAS ACTIVATED PROGRAMS AND EVENTS TO HELP ADULTS AND YOUTH LEARN SMALL BUSINESS / STARTUP AND TECHNICAL SKILLS TO MAKE ENTREPRENEURSHIP AND INNOVATION VIABLE CAREER OPTIONS FOR ALL. IT HAS ALWAYS BEEN THE MISSION OF VENTURE CAFE FOUNDATION THAT "INNOVATION IS FOR EVERYONE AND THROUGH PROGRAMMING AT ROXBURY INNOVATION CENTER, WE HAVE CONTINUED THIS MISSION. RIC ALSO PROVIDES A PLACE FOR THE LOCAL INNOVATION COMMUNITY. RIC ALSO PROVIDES A PLACE FOR THE LOCAL INNOVATION COMMUNITY TO GATHER, OBTAIN ADVICE AND CONNECT WITH OTHER RESOURCES FROM AROUND GREATER BOSTON AND THE WORLD THROUGH THE MONTHLY CAFE NIGHTS. VENTURE CAFE ALSO PRODUCES PROGRAMMING TO ACTIVATE AND CONNECT OUR THREE PHYSICAL SPACES TO THE INNOVATION COMMUNITY LOCALLY, NATIONALLY, AND INTERNATIONALLY.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0349517
IRS990/ProgSrvcAccomActy3Grp/GrantAmt03300
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt041407
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, SOMPO 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' INNOVATION ECOSYSTEM. WE BELIEVE THAT INNOVATION IS ONE OF THE MOST PROMISING PATHS TO MAKING THE WORLD BETTER, SO WE SEEK TO INSPIRE OTHER REGIONS BY MASSACHUSETTS' EXAMPLE. THE TYPES OF VISITING DELEGATIONS THAT IVB SERVICES ARE:- COUNTRY, REGIONAL AND LOCAL GOVERNMENT OFFICIALS- UNIVERSITY OFFICIALS AND EDUCATORS- STUDENT DELEGATIONS- INDUSTRY ASSOCIATIONS- CORPORATE GROUPSEXAMPLES OF RECENT VISITS SPONSORED BY IVB INCLUDE GROUPS FROM CHINA, COLUIVB, FINLAND, FRANCE, JAPAN, NORWAY, PAKISTAN AND RUSSIA. TOURS HAVE INCLUDED MEMBERS OF NATIONAL PARLIAMENTS, DIRECTORS OF GOVERNMENTAL ECONOMIC DEVELOPMENT AGENCIES, AND CEOS OF COMPANIES.INTERNATIONAL CONSULATES, THE MASS OFFICE OF HOUSING AND ECONOMIC DEVELOPMENT AND THE MASS OFFICE OF INTERNATIONAL TRADE AND INVESTMENT (MOITI) REFER VISITING INNOVATION DELEGATIONS TO IVB FOR THE PURPOSE OF COORDINATING VISITS TO MASSACHUSETTS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc2STARTHUB:THE MOST COMPREHENSIVE ONLINE RESOURCES CENTER FOR BOSTON'S STARTUP AND INNOVATION COMMUNITY, INCLUDING PROGRAMS, EVENT, RESOURCES, JOB, INVESTORS AND MORE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt013014
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt111131
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt266356
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt01987937
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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:
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt0500421
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt055163
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt01987937
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0306083
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IRS990ScheduleA/Total509Grp/TotalAmt05030625
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01699193
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0306083
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,069,822
Liabilities
$447,577
Net assets
$622,245
Revenue
$1,807,552
Expenses
$1,498,953
Net income
$308,599
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