NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC

EIN: 834583974 501(c)(3) Community Improvement

BALTIMORE, MD

Total Revenue
$510,000
Total Expenses
$444,782
Total Assets
$163,995
Net Assets
$163,995
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MD
Principal Officer
JEFFREY CHERRY
Phone
4102795663
Tax Period
2023-01-01 to 2023-12-31

NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC, founded in 2019, is a small nonprofit in the Community Improvement sector that reported $510K in total revenue in fiscal year 2023. Revenue surged 219% from the prior year, signaling strong growth momentum. Expenses of $445K left a modest 13% surplus.

Mission

THE CORPORATION IS FORMED AND OPERATED FOR THE PURPOSE OF ADMINISTERING TRAINING PROGRAMS THAT EXPOSE EARLY STAGE FOUNDERS, CEOS AND OTHER EXECUTIVES TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM, AND TO THE IDEA OF USING ENTREPRENEURSHIP AS A TOOL FOR ECONOMIC INCLUSION, GROWTH, AND WEALTH CREATION.

Program Service Accomplishments

Program 1
Expenses: $73,638 Revenue: $130,000

ARPA-E: PURPOSE OF THE PROGRAM IS TO SUPPORT ARPA-E MINER BOOST PROGRAM PARTICIPANTS WITH THE POTENTIAL OUTCOME OF CREATING BUSINESSES AROUND THEIR RESEARCH AND/OR TECHNOLOGY

Program 2
Expenses: $40,700 Revenue: $10,000

CVL COHORT 10: PURPOSE OF THE PROGRAM IS TO CREATE PARTNERSHIPS AND PROGRAMMING TO TRAIN ENTREPRENEURS HOW TO BUILD COMPANIES THAT MATTER BY EXPOSING THEM TO THE TENETS OF STAKEHOLDER THEORY AND...

Read more

CVL COHORT 10: PURPOSE OF THE PROGRAM IS TO CREATE PARTNERSHIPS AND PROGRAMMING TO TRAIN ENTREPRENEURS HOW TO BUILD COMPANIES THAT MATTER BY EXPOSING THEM TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM AND SHOW THEM HOW MANAGING A BUSINESS FOR ALL OF ITS STAKEHOLDERS CREATES BOTH SOCIETAL AND FINANCIAL VALUE.

Program 3
Expenses: $45,750 Revenue: $52,500

FISCAL SPONSORSHIP ADMINISTRATION FOR CLYMB GRANT TO PROVIDE 3,500 SOFTWARE LICENSES FOR STUDENTS IN GRADES K-8 IN TARGETED COMMUNITY SCHOOLS FOR TWO YEARS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $497,500
Program Service Revenue $12,500
Investment Income $0
Other Revenue $0
TOTAL REVENUE $510,000

Expense Breakdown

Grants Paid $45,750
Salaries & Benefits $0
Fundraising Expenses $46,976
Program Expenses $301,431
Other Expenses $399,032
TOTAL EXPENSES $444,782

Year-over-Year Comparison

2023 2022 Change
Revenue $510,000 $160,000 +2.2%
Expenses $444,782 $61,223 +6.3%
Net Income $65,218 $98,777 -0.3%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY CHERRY PRESIDENT N/A
Officer Director
$0 $0 $0
JULIE LENZER DIRECTOR N/A
Director
$0 $0 $0
L CONTENT MCLAUGHLIN VP AND SECRT N/A
Officer Director
$0 $0 $0
JOSEPH VALIS TREASURER N/A
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $510,000 $444,782 $163,995 $65,218
2022 $160,000 $61,223 $98,777 $98,777
Explore More Nonprofits
→Top 100 Nonprofits in Maryland →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare NOVELLA CENTER FOR ENTREPRENEURSHIP BY CONSCIOUS VENTURE LAB INC with other nonprofits in Maryland and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.