NonprofitsNational Collegiate Inventors & Innovators Alliance

Education

National Collegiate Inventors & Innovators Alliance

HADLEY, MA

Total revenue

$116.6M

Total expenses

$110.8M

Net assets

$34.0M

Grants received

$12.3M

17 grants

EIN

421727335

Tax year

2023

Mission

VentureWell is on a mission to cultivate a pipeline of inventors, innovators, and entrepreneurs driven to solve the world's biggest challenges and to create lasting impact. We foster collaboration among the best minds from research labs, classrooms, and beyond to advance innovation and entrepreneurship education and to provide unique opportunities for stem students and researchers to fully realize their potential to improve the world.

Programs

2 programs

In addition to the 3 grants programs outlined on lines 4a through 4c, NCIIA also: a) awards other types of grants primarily to institutions of higher education in keeping with the organization's mission of promoting invention, innovation and entrepreneurship; b) offers membership to colleges and universities across the U.S., which afford member institutions the opportunity to attend NCIIA-sponsored events at reduced rates, tap into the NCIIA network, and to apply for NCIIA grants; c) conducts workshops and events, including but not limited to an annual conference and workshops designed to teach technology entrepreneurship basics and how to enhance success of commercializing inventions and innovations; and d) invests in select ventures emerging from U.S institutions of higher education.

I-Corps Program - VentureWell led courses engage participants in moving products out of the lab into the market by talking to potential customers, partners and competitors, and encountering the challenges and uncertainty of creating successful innovations.

Financials

FY 2023

Revenue

Contributions & grants$7.0M
Program service revenue$108.5M
Investment income$1.1M
Other revenue$12K
Total revenue$116.6M

Expenses

Grants paid$5.7M
Salaries & benefits$18.7M
Fundraising$771K
Other expenses$86.4M
Total expenses$110.8M
Total assets$67.3M
Net assets$34.0M

People

22 listed

NameRoleCompensation

Philip Weilerstein

President & CEO

Board

$346K

35 hrs/wk

Rodney Priestley

Director

Board

1 hrs/wk

Youseph Yazdi

Director

Board

1 hrs/wk

Jerry Engel

Emeritus Board Member

Board

1 hrs/wk

Abigail Barrow

Chair

Board

1 hrs/wk

Donna Petkanics

Emeritus Board Member

Board

1 hrs/wk

Paul Yock

Emeritus Board Member

Board

1 hrs/wk

Mike Malone

Emeritus Board Member

Board

1 hrs/wk

Todd Warren

Treasurer

Board

1 hrs/wk

Mike Marasco

Secretary

Board

1 hrs/wk

Gilda Barabino

Director

Board

1 hrs/wk

Carol Dahl

Director

Board

1 hrs/wk

Monica Dean

Director

Board

1 hrs/wk

Jose Estabil

Director

Board

1 hrs/wk

Randy Lewis

Director

Board

1 hrs/wk

Christopher Desrosiers

VP, Fin & Admin (Non-Director)

Staff

$227K

35 hrs/wk

Mark Marino

VP, Growth Strategy

Staff

$222K

35 hrs/wk

Ursa Scherer

VP, People & Culture

Staff

$218K

35 hrs/wk

Demetria Gallagher

VP, Higher Ed Innov. Ecosystems

Staff

$216K

35 hrs/wk

Christina Tamer

VP, Ventures

Staff

$190K

35 hrs/wk

Rebekah Neal

VP, Commercialization

Staff

$176K

35 hrs/wk

Jennifer Holme

Chief of Staff, Asst. Sec. (Non-Director)

Staff

$148K

35 hrs/wk

Independent contractors

Sapphiros LLC

Program Delivery

$8.0M

CovarsaDx Corporation

Program Delivery

$6.9M

L3 Healthcare LLC

Program Delivery

$5.4M

AxteriaBioMed Consulting Inc

Program Delivery

$3.8M

Maxim Biomedical Inc

Research and Development

$3.0M

Grants received

Showing 17 of 17

FromAmountPurposeYear
$10K
SUPPORT OF 13TH ANNUAL DESHPANDE SYMPOSIUM 2024 IN COLLEGE PARK, MD ON JUNE 12-14 2024. 202403-14847
2024
$3.0M
TO SUPPORT INVENTIVE MINDSETS AND SKILLSETS IN COLLEGIATE STUDENTS AND TO SUPPORT FACULTY TO CULTIVATE INVENTION EDUCATION.
2023
$219K
SUB-AWARD
2023
$180K
EDA MEDTECH INNOVATION
2023
$100K
Operating Support
2023
$3.1M
TO SUPPORT PROMISING, EARLY-STAGE STUDENT INVENTORS IN THE VENTURE DEVELOPMENT PROCESS, AND TO SUPPORT FACULTY TO CULTIVATE THE CONDITIONS THAT NURTURE STUDENT INVENTORS.
2022
$440K
LEADERSHIP AND CIVIC SERVICE
2022
$150K
EDA MEDTECH INNOVATION
2022
$105K
For grant recipient's exempt purposes
2022
$19K
DESIGN & DELIVER ONLINE TRAININGS FOR STAKEHOLDER WORKSHOPS OFFERED IN INNOVATE PROGRAM.
2021
$3.1M
TO SUPPORT PROMISING, EARLY-STAGE STUDENT INVENTORS IN THE VENTURE DEVELOPMENT PROCESS, AND TO SUPPORT FACULTY TO CULTIVATE THE CONDITIONS THAT NURTURE STUDENT INVENTORS.
2020
$1.5M
POSTSECONDARY EDUCATION
2020
$147K
TO SUPPORT RESEARCH, ANALYSIS AND DISSEMINATION DESIGNED TO INCREASE EQUITY AND INCLUSION IN THE HIGHER EDUCATION INVENTION AND ENTREPRENEURSHIP PIPELINE.
2020
$120K
SUPPORT EM AND SUSTAINABILITY FACULTY DEVELOPMENT WORKSHOPS
2020
$19K
DESIGN & DELIVER ONLINE TRAININGS FOR STAKEHOLDER WORKSHOPS OFFERED IN INNOVATE PROGRAM
2020

Funded by

$12.3M from 11 funders · 17 grants · 2020–2024

The Lemelson Foundation

$9.3M · 4 grants · 2020–2023

Gates Foundation

$1.5M · 1 grant · 2020

Bill Hillary & Chelsea Clinton

$440K · 1 grant · 2022

Lansing Economic Area Partnership

$330K · 2 grants · 2022–2023

Johns Hopkins University

$219K · 1 grant · 2023

The Robert D And Patricia E Kern

$120K · 1 grant · 2020

Deshpande Foundation Inc

$100K · 1 grant · 2023

Details

EIN421727335
NTEE codeB12
Subsection03
Ruling date2007-05
Formed2007
Employees155
Volunteers14
NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE — Mission, Financials & Grants Received | Grantivo