EIN 85-1566395

Cuventures

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Year formed
2020
Most recent tax filings
2023-06-01
Description
Cuventures operates exclusively to benefit and carry out the purposes of Concordia University Wisconsin Foundation, Inc. Its mission is to operationalize academic research and scientific discoveries by coordinating and translating them into useful products and processes for the betterment of humanity. It devotes 34% of its time and resources to this purpose. Cuventures is located in Mequon, WI.
Total revenues
$424,301
2023
Total expenses
$455,226
2023
Total assets
$1,694,138
2023
Num. employees
0
2023

Program areas at Cuventures

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'Cuventures'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.

Who funds Cuventures

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Concordia University Wisconsin (CUW)Support$210,744

Personnel at Cuventures

NameTitleCompensation
Allen ProchnowTreasurer , Vice President , and Chief Operating Officer$0
Roy PetersonChief Financial Officer$0
William CarioInterim President$0
Mark PolzinSecretary$0

Financials for Cuventures

RevenuesFYE 06/2023
Total grants, contributions, etc.$393,872
Program services$0
Investment income and dividends$30,429
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$424,301

Form 990s for Cuventures

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
Data update history
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 4 new personnel
June 26, 2023
Used new vendors
Identified 1 new vendor, including
June 26, 2023
Received grants
Identified 1 new grant, including a grant for $217,900 from Concordia University Wisconsin Foundation
March 5, 2022
Updated personnel
Identified 1 new personnel
Nonprofit Types
SchoolsResearch centersHeadquarter / parent organizationsCharities
Issues
Science and technologyEducation
Characteristics
Conducts researchState / local levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
12800 N Lake Shore Dr
Mequon, WI 53097
Metro area
Milwaukee-Waukesha, WI
County
Ozaukee County, WI
Website URL
cuw.edu/ 
Phone
(262) 243-5700
IRS details
EIN
85-1566395
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B43: University or Technological Institute
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Central organization
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