Civic Intelligence

Ventureprise Inc

EIN 56-1579361 • 501(c)3 • Charlotte, NC

Profile

Ventureprise works to strengthen the charlotte regional ecosystem for innovation and entrepreneurship. The organization provides entrepreneurial and commercialization support for unc charlotte researchers and students including a student business incubator. It operates a business incubator and accelerator in the portal building that serves innovation-driven entrepreneurs from start-up through early-stage growth.

9201 University Cty Blvd Portal 252Charlotte, NC 28223-0001

www.ventureprise.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

62nd percentile

0.00x

Higher debt load relative to assets than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

97th percentile

1.95x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

2nd percentile

-3506%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$40,649

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

45th percentile

-4.7%

Faster asset growth than 45% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

4th percentile

-99%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$181,453

Down $8,937 (-4.7%) from 2020

Liabilities

Down

$420

Down $1,400 (-77%) from 2020

Net Assets

Down

$181,033

Down $7,537 (-4.0%) from 2020

Revenue

Down

$215

Down $20,048 (-99%) from 2020

Expenses

Down

$7,752

Down $22,747 (-75%) from 2020

Net Income

Up

-$7,537

Up $2,699 (+26%) from 2020

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0Assets 2012: $695,642Liabilities 2012: $81,548Net Assets 2012: $614,0942012Assets 2013: $544,695Liabilities 2013: $79,036Net Assets 2013: $465,6592013Assets 2014: $205,931Liabilities 2014: $61,634Net Assets 2014: $144,2972014Assets 2015: $142,812Liabilities 2015: $43,396Net Assets 2015: $99,4162015Assets 2016: $219,012Liabilities 2016: $39,314Net Assets 2016: $179,6982016Assets 2017: $254,733Liabilities 2017: $37,585Net Assets 2017: $217,1482017Assets 2018: $252,454Liabilities 2018: $42,129Net Assets 2018: $210,3252018Assets 2019: $219,869Liabilities 2019: $21,063Net Assets 2019: $198,8062019Assets 2020: $190,390Liabilities 2020: $1,820Net Assets 2020: $188,5702020Assets 2021: $181,453Liabilities 2021: $420Net Assets 2021: $181,0332021

Highlighted filing

2021

Assets$181,453
Liabilities$420
Net Assets$181,033

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2012: $770,094Expenses 2012: $800,791Net Income 2012: -$30,6972012Expenses 2013: $897,1112013Revenue 2014: $511,622Expenses 2014: $832,984Net Income 2014: -$321,3622014Revenue 2015: $367,761Expenses 2015: $412,642Net Income 2015: -$44,8812015Revenue 2016: $448,664Expenses 2016: $368,382Net Income 2016: $80,2822016Revenue 2017: $391,966Expenses 2017: $354,516Net Income 2017: $37,4502017Revenue 2018: $20,735Expenses 2018: $27,558Net Income 2018: -$6,8232018Revenue 2019: $27,610Expenses 2019: $39,129Net Income 2019: -$11,5192019Revenue 2020: $20,263Expenses 2020: $30,499Net Income 2020: -$10,2362020Revenue 2021: $215Expenses 2021: $7,752Net Income 2021: -$7,5372021

Highlighted filing

2021

Revenue$215
Expenses$7,752
Net Income-$7,537

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Apr 6, 2022
Return Version
2020v4.2
Gross Receipts
$215
Mission and Program Overview

Mission

Ventureprise works to strengthen the charlotte regional ecosystem for innovation and entrepreneurship. The organization provides entrepreneurial and commercialization support for unc charlotte researchers and students including a student business incubator. It operates a business incubator and accelerator in the portal building that serves innovation-driven entrepreneurs from start-up through early-stage growth.

Effective july 1, 2017, substantially all operations of the organization were transferred to an organizational unit of the university of north carolina at charlotte. As a result, leases between the organization and its lessors were terminated and/or transferred to the university and the lease between the organization and the university were terminated. The organization will continue to exist as a separate not-for-profit corporation, and the residual of assets over liabilities as of june 30, 2018 remained with the organization to support any entrepreneurship and innovation initiatives as directed by the university.

Program Services

DescriptionGrantsExpenses
VENTUREPRISE OPERATES AS A BUSINESS INCUBATOR, MENTORING STARTUPS IN CREATING SOUND BUSINESS PRACTICES, HUMAN RESOURCES, AND OTHER TASKS.$0$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
DEVIN COLLINSPresident-$0--
ELIZABETH A HARDINEx-Officio Secretary-Treas-$0--
RICHARD TANKERSLEYEx-Officio Chair-$0--
Filing and Contact Details

Filer

Filer Name
Ventureprise Inc
EIN
56-1579361
Phone
7046870900
Address
9201 UNIVERSITY CTY BLVD PORTAL 252, CHARLOTTE, NC 28223-0001

Signing Officer

Name
Dr Richard Amon
Title
Treasurer
Phone
7046870900
Signed
2022-04-06
Discuss with paid preparer
Yes

Preparer

Firm
Rsm US Llp
Address
1861 INTERNATIONAL DRIVE SUITE 400, MCLEAN, VA 22102
Preparer
Yong Zhang CPA
Phone
7033366400
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

Description: administrative expenses. Amount: 11. Description: insurance. Amount: 1,941. Total to form 990-ez, line 16: 1,952.

Form 990-ez, Part II, Line 24 - Other Assets

Description: prepaid expenses. Beg. Of year amount: 1,455. End of year amount: 1,455.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: accounts payable. Beg. Of year amount: 1,820. End of year amount: 420.

Raw XML Appendix165 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: ADMINISTRATIVE EXPENSES. AMOUNT: 11. DESCRIPTION: INSURANCE. AMOUNT: 1,941. TOTAL TO FORM 990-EZ, LINE 16: 1,952.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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