Liabilities / Assets
59th percentile
Higher debt load relative to assets than 59% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
97th percentile
Higher debt load relative to revenue than 97% of similar nonprofits.
Net Margin
1st percentile
Higher net margin than 1% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
32nd percentile
Faster asset growth than 32% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Balance Sheet
Assets
Down$181,453
Down $8,937 (-4.7%) from 2020
Net Assets
Down$181,033
Down $7,537 (-4.0%) from 2020
Liabilities
Down$420
Down $1,400 (-77%) from 2020
Revenue And Expenses
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
Historical Trend
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
| Description | Grants | Expenses |
|---|---|---|
| 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
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DEVIN COLLINS | President | - | $0 | - | - |
| ELIZABETH A HARDIN | Ex-Officio Secretary-Treas | - | $0 | - | - |
| RICHARD TANKERSLEY | Ex-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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | GREG VERRET |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7046875432 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 9201 UNIVERSITY CITY BOULEVARD |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CHARLOTTE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 282230001 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 188935 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 179998 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 215 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -7537 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 5800 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 190390 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 181453 |
| IRS990EZ/GrossReceiptsAmt | 0 | 215 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 188570 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 181033 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 188570 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 181033 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DEVIN COLLINS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | ELIZABETH A HARDIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | RICHARD TANKERSLEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | EX-OFFICIO SECRETARY-TREAS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | EX-OFFICIO CHAIR |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 1455 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1455 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 1952 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | VENTUREPRISE OPERATES AS A BUSINESS INCUBATOR, MENTORING STARTUPS IN CREATING SOUND BUSINESS PRACTICES, HUMAN RESOURCES, AND OTHER TASKS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | NC |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1820 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 420 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 7752 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/TotalRevenueAmt | 0 | 215 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.VENTUREPRISE.ORG |
| IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | OTHER INCOME - 2016 AMOUNT: $ 50. 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 215 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 20263 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 28366 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 20735 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 5636 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 75215 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearAmt | 0 | 5988 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus1YearAmt | 0 | 9572 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 7872 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 7350 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 289334 |
| IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt | 0 | 320116 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 386280 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 386280 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 50 |
| IRS990ScheduleA/OtherIncome509Grp/TotalAmt | 0 | 50 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 0.99990 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 781611 |
| IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt | 0 | 0 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 6203 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 29835 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 36238 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 28085 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 681250 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 781611 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 6203 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 29835 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 36238 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 28085 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 681300 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 781661 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: ADMINISTRATIVE EXPENSES. AMOUNT: 11. DESCRIPTION: INSURANCE. AMOUNT: 1,941. TOTAL TO FORM 990-EZ, LINE 16: 1,952. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,455. END OF YEAR AMOUNT: 1,455. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 1,820. END OF YEAR AMOUNT: 420. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE 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. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DR RICHARD AMON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | TREASURER |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7046870900 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2022-04-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VENTUREPRISE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VENT |
| ReturnHeader/Filer/EIN | 0 | 561579361 |
| ReturnHeader/Filer/PhoneNum | 0 | 7046870900 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 9201 UNIVERSITY CTY BLVD PORTAL 252 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CHARLOTTE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 282230001 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 420714325 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | RSM US LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1861 INTERNATIONAL DRIVE SUITE 400 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MCLEAN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 22102 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7033366400 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2022-04-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | YONG ZHANG CPA |
| ReturnHeader/ReturnTs | 0 | 2022-04-13T15:08:49-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | DR |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | RICHARD AMON |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-06-30 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $181,453
- Liabilities
- $420
- Net assets
- $181,033
- Revenue
- $215
- Expenses
- $7,752
- Net income
- -$7,537