Civic Intelligence

Venture Catalysts

EIN 82-5141595 • 501(c)3 • Detroit, MI

Profile

Venture catalysts is a non-profit with the mission of building an inclusive entrepreneurial ecosystem in detroit through strategic large scale entrepreneurship events and targeted growth programs.

1420 Washington Blvd 301Detroit, MI 48226

www.venturecatalysts.co

Siviq Scores

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

Liabilities / Assets

89th percentile

0.53x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

0.14x

Higher debt load relative to revenue than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

69th percentile

14%

Higher net margin than 69% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

87th percentile

$18,090

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 4.3% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

99th percentile

1820%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

62nd percentile

8.3%

Faster revenue growth than 62% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$106,692

Up $101,134 (+1820%) from 2018

Liabilities

Up

$56,725

Up $56,725 from 2018

Net Assets

Up

$49,967

Up $44,409 (+799%) from 2018

Operations
Liabilities / Revenue84th percentileNet Margin69th percentile

Revenue

Up

$418,843

Up $31,993 (+8.3%) from 2018

Expenses

Down

$359,420

Down $21,872 (-5.7%) from 2018

Net Income

Up

$59,423

Up $53,865 (+969%) from 2018

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$150K$100K$50K$0Assets 2018: $5,558Liabilities 2018: $0Net Assets 2018: $5,5582018Assets 2019: $106,692Liabilities 2019: $56,725Net Assets 2019: $49,9672019

Highlighted filing

2019

Assets$106,692
Liabilities$56,725
Net Assets$49,967
Open 2019 Filing

Operations Trend

Revenue Growth62nd percentile

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

$600K$400K$200K$0Revenue 2018: $386,850Expenses 2018: $381,292Net Income 2018: $5,5582018Revenue 2019: $418,843Expenses 2019: $359,420Net Income 2019: $59,4232019

Highlighted filing

2019

Revenue$418,843
Expenses$359,420
Net Income$59,423
Open 2019 Filing

Filings

Most recent year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$106,692
Liabilities
$56,725
Net assets
$49,967
Revenue
$418,843
Expenses
$359,420
Net income
$59,423
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2019Detailed filing. Detailed filing data is available for this year.$1.07$0.57$0.50$4.19$3.59$0.59
2018Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.06$3.87$3.81$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 9, 2020
Return Version
2019v5.1
Gross Receipts
$418,843
Mission and Program Overview

Mission

Venture catalysts is a non-profit with the mission of building an inclusive entrepreneurial ecosystem in detroit through strategic large scale entrepreneurship events and targeted growth programs.

Venture catalysts is a non-profit with the mission of building an inclusive entrepreneurial ecosystem in detroit through strategic large scale entrepreneurship events and targeted growth programs. We provide leadership, training, and mentorship for diverse founders and ecosystem leaders. Venture catalysts is a trusted connector in the high growth ecosystem. Through this role, we attract, retain, and build trust with founders who often feel excluded from high growth entrepreneurship. We are intentional to keep all of our programming accessible and representative to welcome more diverse founders into detroit's ecosystem. We expose them to the path and potential of high growth ventures. Our track record of diverse representation and accessible programming over the years has established us as this trusted connector, especially for this underrepresented founder community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,558$106,692▲ $101,134
Total Assets$5,558$106,692▲ $101,134
Liabilities
Other Liabilities$0$55,000▲ $55,000
Accounts Payable and Accrued Expenses-$1,725-
Total Liabilities$0$56,725▲ $56,725
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,558$49,967▲ $44,409
Total Net Assets Fund Balance$5,558$49,967▲ $44,409
Total Liabilities and Net Assets / Fund Balance$5,558$106,692▲ $101,134
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Monica WheatPresidentPT$18,090$18,090

Board Members and Trustees

NameTitle
Kyle BazzyVice President
Amanda LewanSecretary
Kelly LapierreTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$418,843
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$418,843
Change in Net Assets
$59,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$183,998
Grants and Similar Amounts Paid$125,000
Salaries, Compensation, and Employee Benefits$50,422
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$125,000--$125,000
Occupancy$51,815--$51,815
Advertising$35,325--$35,325
Other Salaries and Wages$32,332--$32,332
Current Officers, Directors, Trustees, and Key Employees$18,090--$18,090
Other Expenses$6,885--$6,885
All Other Expenses$5,234--$5,234
Fees for Services Accounting-$2,850-$2,850
Office Expenses$181$667-$848
Fees for Services Legal-$730-$730
Fees for Services Other-$333-$333
Total Functional Expenses$354,840$4,580$0$359,420
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Grand CircusDetroit, MI-General Purpose$75,000
Alerje IncDetrot, MI-General Purpose$10,000
Casting De Khrysopoeia IncDetroit, MI-General Purpose$10,000
Crowdfreak IncDetroit, MI-General Purpose$10,000
Diet IdDetroit, MI-General Purpose$10,000
NaturaliciousCanton, MI-General Purpose$10,000
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
Refundable Advance$55,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
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

“The organization's treasurer works closely with the form 990 preparer in answering all questions on the form as well as providing accurate financial and other information for inclusion. A draft of the form is then reviewed by the treasurer prior to finalization. Any changes they determine are required are incorporated into the form prior to filing. The 990 is also provided to the board prior to filing.”

Form 990, Part VI, Section C, Line 19

“Forms are made available upon request.”

Filing and Contact Details

Filer

Filer Name
Venture Catalysts
EIN
82-5141595
Phone
3137660134
Address
1420 WASHINGTON BLVD 301, DETROIT, MI 48226

Signing Officer

Name
Kelly Lapierre
Title
Partner & Co-founder
Phone
3137660134
Signed
2020-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Lapierre
Formed
2018
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
3
Employees
0
Volunteers
186

Preparer

Firm
Plante & Moran Pllc
Address
1000 OAKBROOK DR STE 400, ANN ARBOR, MI 48104
Preparer
Tina Peters CPA
Phone
7346659494
Raw XML Appendix383 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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IRS990ScheduleI/RecipientTable/USAddress/CityNm2DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm3CANTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm4DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm5DETROIT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048202
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd148235
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd248208
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd348187
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd448226
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd548226
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE GRANT FOR THE BACKSTAGE ACCELERATOR PROGRAM WERE TO BE USED FOR SPONSORSHIP FUNDS SUPPORTING DIRECT GRANTS TO 5 DETROIT-BASED COHORT TEAMS. THOSE TEAMS WERE PREVIOUSLY SELECTED AS PART OF THE BACKSTAGE ACCELERATOR PROGRAM. THOSE WHO WERE REMAINING IN DETROIT AFTER THE PROGRAM WERE SELECTED FOR THE GRANT. REGARDING THE GRAND CIRCUS GRANT, VENTURE CATALYSTS WERE A FISCAL SPONSOR/FIDUCIARY. VENTURE CATALYSTS RECEIVED MONEY FROM A FOUNDATION ON BEHALF OF A FOR PROFIT COMPANY THAT ALIGNED WITH OUR MISSION. VENTURE REDIRECTED THE GRANT TO GRAND CIRCUS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt06
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S TREASURER WORKS CLOSELY WITH THE FORM 990 PREPARER IN ANSWERING ALL QUESTIONS ON THE FORM AS WELL AS PROVIDING ACCURATE FINANCIAL AND OTHER INFORMATION FOR INCLUSION. A DRAFT OF THE FORM IS THEN REVIEWED BY THE TREASURER PRIOR TO FINALIZATION. ANY CHANGES THEY DETERMINE ARE REQUIRED ARE INCORPORATED INTO THE FORM PRIOR TO FILING. THE 990 IS ALSO PROVIDED TO THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORMS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05558
IRS990/TotalAssetsEOYAmt0106692
IRS990/TotalAssetsGrp/BOYAmt05558
IRS990/TotalAssetsGrp/EOYAmt0106692
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0418843
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04580
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0354840
IRS990/TotalFunctionalExpensesGrp/TotalAmt0359420
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt056725
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt056725
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05558
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt049967
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0115600
IRS990/TotalOtherProgSrvcGrantAmt075000
IRS990/TotalProgramServiceExpensesAmt0354840
IRS990/TotalReportableCompFromOrgAmt018090
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0418843
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0186
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05558
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0106692
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01420 WASHINGTON BLVD 301
IRS990/USAddress/CityNm0DETROIT
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048226
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0WWW.VENTURECATALYSTS.CO
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY LAPIERRE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PARTNER & CO-FOUNDER
ReturnHeader/BusinessOfficerGrp/PhoneNum03137660134
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-07-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VENTURE CATALYSTS
ReturnHeader/Filer/BusinessNameControlTxt0VENT
ReturnHeader/Filer/EIN0825141595
ReturnHeader/Filer/PhoneNum03137660134
ReturnHeader/Filer/USAddress/AddressLine1Txt01420 WASHINGTON BLVD 301
ReturnHeader/Filer/USAddress/CityNm0DETROIT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048226
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0737380BCD7AD51223FD12A91753DF01CE9F34789
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt073.144.97.93
ReturnHeader/FilingSecurityInformation/IPDt02020-07-09
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm018:07:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381357951
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PLANTE & MORAN PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 OAKBROOK DR STE 400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ANN ARBOR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048104
ReturnHeader/PreparerPersonGrp/PhoneNum07346659494
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TINA PETERS CPA
ReturnHeader/ReturnTs02020-07-14T13:36:40-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

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