NonprofitsVenture Catalysts

Community Improvement & Capacity Building

Venture Catalysts

DETROIT, MI

Total revenue

$387K

Total expenses

$381K

Net assets

$6K

Grants received

$170K

3 grants

EIN

825141595

Tax year

2018

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. 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. Our anchor program detroit startup week is now the largest free entrepreneurship event in michigan.

Programs

3 programs

Code detroit - during detroit startup week we introduced 5,000 detroit middle school and high school students to coding through one week of programming.

Expenses: $155K

Afrotech - in addition, last year we also hosted afro tech detroit, bringing this national brand from silicon valley to detroit. This is the largest black tech conference in the country.

Expenses: $130K

Other-fiscal sponsor for grand circus and startup boost program.

Expenses: $78KGrants: $75K

Financials

FY 2018

Revenue

Contributions & grants$387K
Program service revenue
Investment income
Other revenue
Total revenue$387K

Expenses

Grants paid$75K
Salaries & benefits$21K
Fundraising
Other expenses$285K
Total expenses$381K
Total assets$6K
Net assets$6K

People

4 listed

NameRoleCompensation

MONICA WHEAT

PRESIDENT

Board

$12K

15 hrs/wk

AMANDA LEWAN

SECRETARY

Board

$1K

15 hrs/wk

KELLY LAPIERRE

TREASURER

Board

$1K

15 hrs/wk

KYLE BAZZY

VICE PRESIDENT

Board

15 hrs/wk

Grants received

Showing 3 of 3

FromAmountPurposeYear
$80K
PROGRAMMING/MENTORSHIP FOR STARTUPS
2020
$75K
GENERAL USE
2018
$15K
FORD RESOURCE AND ENGAGEMENT CENTERS
2018

Funded by

$170K from 3 funders · 3 grants · 2018–2020

Community Foundation For Southeast

$80K · 1 grant · 2020

Allegis Group Foundation Inc

$75K · 1 grant · 2018

Ford Motor Company Fund

$15K · 1 grant · 2018

Details

EIN825141595
NTEE codeS30
Subsection03
Ruling date2018-07
Formed2018
Employees0
Volunteers400
VENTURE CATALYSTS — Mission, Financials & Grants Received | Grantivo