CUVENTURES INC

EIN: 851566395 501(c)(3) Education

MEQUON, WI

Total Revenue
$162,258
Total Expenses
$605,506
Total Assets
$1,621,929
Net Assets
$512,586
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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
WI
Principal Officer
DANIELLE MARSH
Phone
2622435700
Tax Period
2023-07-01 to 2024-06-30

CUVENTURES INC, founded in 2020, is a small nonprofit in the Education sector that reported $162K in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $606K exceeded revenue, resulting in a 273% operating deficit.

Mission

CUVENTURES IS ORGANIZED, AND WILL AT ALL TIMES BE OPERATED, EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF CONCORDIA UNIVERSITY WISCONSIN FOUNDATION, INC. (EIN: 39-6077337)

Program Service Accomplishments

Program 1
Expenses: $599,117

OPERATIONALIZE ACADEMIC RESEARCH AND SCIENTIFIC DISCOVERIES (34% OF TIME AND 34% OF RESOURCES) - CUVENTURES WILL HELP COORDINATE AND TRANSLATE ACADEMIC RESEARCH AND SCIENTIFIC DISCOVERIES INTO...

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OPERATIONALIZE ACADEMIC RESEARCH AND SCIENTIFIC DISCOVERIES (34% OF TIME AND 34% OF RESOURCES) - CUVENTURES WILL HELP COORDINATE AND TRANSLATE ACADEMIC RESEARCH AND SCIENTIFIC DISCOVERIES INTO PRODUCTS AND PROCESSES THAT ARE USEFUL FOR THE BETTERMENT OF HUMANITY, WITH AN EMPHASIS ON INNOVATIONS THAT ADDRESS UNMET MEDICAL AND HEALTHCARE NEEDS FOR THE GENERAL PUBLIC. THIS ACTIVITY WILL BE OVERSEEN BY THE BOARD OF DIRECTORS AND UNDERTAKEN BY A COMBINATION OF OFFICERS, DIRECTORS, VOLUNTEERS, AND EMPLOYEES FROM CUVENTURES, THE SUPPORTED ORGANIZATION, AND CONCORDIA UNIVERSITY. THIS ACTIVITY SUPPORTS CUVENTURES CHARITABLE AND SCIENTIFIC EXEMPT PURPOSES BY FURTHERING SCIENTIFIC KNOWLEDGE AND HELPING DEVELOP PRODUCTS AND PROCESSES THAT SERVE THE GREATER PUBLIC GOOD, INCLUDING IMPROVING HUMAN HEALTH THROUGH INNOVATIVE, INTERDISCIPLINARY BIOMEDICAL DISCOVERIES.EDUCATION AND MENTORING (33% OF TIME AND 33% OF RESOURCES) - CUVENTURES WILL PROVIDE MENTORING AND EDUCATIONAL PROGRAMS ON ENTREPRENEURSHIP, IN PARTNERSHIP WITH CONCORDIA UNIVERSITY, WITH A FOCUS ON THE STUDENTS AND FACULTY OF CONCORDIA UNIVERSITY. THESE MENTORING AND EDUCATIONAL PROGRAMS WILL HELP TEACH STUDENTS, FACULTY, AND OTHERS ABOUT ENTREPRENEURSHIP AND HOW TO TRANSLATE ACADEMIC RESEARCH AND SCIENTIFIC DISCOVERIES INTO PRODUCTS AND PROCESSES THAT BETTER HUMANITY, SUCH AS BIOMEDICAL DISCOVERIES THAT IMPROVE MEDICAL AND HEALTHCARE OUTCOMES FOR THE GENERAL PUBLIC. THIS ACTIVITY WILL BE OVERSEEN BY THE BOARD OF DIRECTORS AND UNDERTAKEN BY A COMBINATION OF OFFICERS, DIRECTORS, VOLUNTEERS, AND EMPLOYEES FROM CU VENTURES, THE SUPPORTED ORGANIZATION, AND CONCORDIA UNIVERSITY. THIS ACTIVITY SUPPORTS CU VENTURES' EDUCATIONAL AND SCIENTIFIC EXEMPT PURPOSES BY FURTHERINGPRACTICAL KNOWLEDGE HOW TO OPERATIONALIZE SCIENTIFIC DISCOVERIES AND ENGAGE IN ENTREPRENEURSHIP AMONG FACULTY AND STUDENTS AT CONCORDIA UNIVERSITY.BUSINESS INCUBATOR ACTIVITIES (33% OF TIME AND 33% OF RESOURCES) - CUVENTURES WILL PROVIDE SEED FUNDING AND OTHER TYPES OF ASSISTANCE TO CERTAIN ENTREPRENEURS WITH A FOCUS ON ASSISTING WITH THE COMMERCIALIZATION OF ACADEMIC DISCOVERIES AND SCIENTIFIC RESEARCH FROM STUDENTS AND FACULTY OF CONCORDIA UNIVERSITY. THIS ACTIVITY MAY INCLUDE THE PROVISION OF EQUITY INVESTMENTS, LOW-INTEREST LOANS, FACILITIES, EQUIPMENT, AND ADMINISTRATIVE SERVICES,TO NEW AND EMERGING BUSINESSES. IN ADDITION TO FURTHERING AND ENHANCING THE EDUCATION OF CONCORDIA UNIVERSITY STUDENTS IN ENTREPRENEURSHIP AND SUPPORTING THE SCIENTIFIC RESEARCH OF CONCORDIA UNIVERSITY FACULTY, THIS ACTIVITY WILL FOSTER ECONOMIC DEVELOPMENT IN THE MILWAUKEE AREA. PORTIONS OF MILWAUKEE HAVE LONG BEEN AN ECONOMICALLY DEPRESSED AND BLIGHTED AREA WITH POVERTY RATES THAT ARE APPROXIMATELY TWICE THE NATIONAL AVERAGE.SUBSTANTIALLY HIGHER POVERTY RATES ARE OBSERVED IN THE AREA AMONG THE AREA'S AFRICAN-AMERICAN, HISPANIC, AND OTHER MINORITY COMMUNITIES. THIS BUSINESS INCUBATOR ACTIVITY WILL BE OVERSEEN BY THE BOARD OF DIRECTORS AND UNDERTAKEN BY A COMBINATION OF OFFICERS, DIRECTORS, VOLUNTEERS, AND EMPLOYEES FROM CUVENTURES, THE SUPPORTED ORGANIZATION, AND CONCORDIA UNIVERSITY. THIS BUSINESS INCUBATOR ACTIVITY SUPPORTS CUVENTURE'S EDUCATIONAL AND SCIENTIFICMISSION BY ASSISTING WITH THE TEACHING OF ENTREPRENEURSHIP AND SCIENTIFIC RESEARCH SKILLS TO CONCORDIA UNIVERSITY STUDENTS AND FACULTY IN A PRACTICAL, HANDS-ON MANNER THAT IS NOT POSSIBLE WITHOUT REAL WORLD EXPERIENCE AND SUPPORTS CU VENTURE'S CHARITABLE MISSION BY SUPPORTING ECONOMIC DEVELOPMENT IN DEPRESSED AND BLIGHTED AREAS.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $92,099
Program Service Revenue $0
Investment Income $70,159
Other Revenue $0
TOTAL REVENUE $162,258

Expense Breakdown

Grants Paid $0
Salaries & Benefits $274,191
Fundraising Expenses $1,000
Program Expenses $599,117
Other Expenses $331,315
TOTAL EXPENSES $605,506

Year-over-Year Comparison

2023 2022 Change
Revenue $162,258 $424,301 -0.6%
Expenses $605,506 $455,226 +0.3%
Net Income $-443,248 $-30,925 +13.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
2
Employees
N/A
Volunteers
2

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
4
$1,059,797
Total Directors
6
$1,059,797
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR ERIK ANKERBERG AS OF 2523 PRESIDENT 1.00
Officer Director
$0 $225,477 $337,311
WILLIAM CARIO THRU 13123 INTERIM PRESIDENT 1.00
Officer Director
$0 $181,833 $266,602
DR DANIEL SEM DEAN, SCHOOL OF BUSINESS 1.00
Officer Director
$0 $39,849 $217,299
REV DR ROY PETERSON AS OF 6302024 VICE PRESIDENT, CFO 1.00
Officer Director
$0 $93,577 $238,585
TERRANCE ROWINSKI BOARD VICE CHAIR 1.00
Director
$0 $0 $0
CHRISTINE SPECHT-PALMERT BOARD CHAIR 1.00
Director
$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 $162,258 $605,506 $1,621,929 $-443,248
2023 $424,301 $455,226 $1,694,138 $-30,925
2022 $225,900 $119,172 $667,900 $106,728
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