Program areas at VentureWell
Radx - Venturewell serves as the network partner and administrator for the National institutes of health's rapid acceleration of diagnostics initiative, known as radx, this program aims to expand the range of innovative diagnostic technologies available to support a rapid increase in reliability, speed, and scale of testing for sars-cov-2 (the virus that causes covid-19) across the country.
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.
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.
Grants made by VentureWell
Grantee | Grant description | Grant year | Amount |
---|
Johns Hopkins University (JHU) | Grants Awarded To Us-Based Faculty Or Student Teams for Global Project Explorations To Enhance Professional Development and Knowledge Base Within the Field of Biomedical Design and Innovation Or for the Development and Implementation of Bme Projects Focused on Innovation, Design, and Entrepreneurship. Funding, Hands-On Workshops, Peer Networking Opportunities, and Expert Coaching for Student Teams Working To Commercialize Their High-Impact Science and Technology Inventions. | 2023-06 | $88,000 |
Northwestern University | Funding, Hands-On Workshops, Peer Networking Opportunities, and Expert Coaching for Student Teams Working To Commercialize Their High-Impact Science and Technology Inventions. | 2023-06 | $40,000 |
University of Massachusetts | Funding, Hands-On Workshops, Peer Networking Opportunities, and Expert Coaching for Student Teams Working To Commercialize Their High-Impact Science and Technology Inventions. | 2023-06 | $40,000 |
...and 41 more grants made totalling $1,034,366 |
Who funds VentureWell
Grants from foundations and other nonprofits
Personnel at VentureWell
Name | Title | Compensation | Date of data |
---|
Philip Weilerstein | President and Chief Executive Officer / Executive Director and President | $311,309 | 2023-06-30 |
Jennifer Holme | Chief of Staff , Assistant Secretary / Chief of Staff , SR.VP of Administration and Finance / Chief of Staff SR.VP of Administration and Finance / Chief of Staff and Vice President of Administration and Finance / Chief of Staff and Assistant Secretary / Vice President , Administration and Finance and Assistant Sec. / Vice President of Administration and Finance / Director of Finance and Administration / Vice President , Administration and Finance , Treas. / Vice President , Administration and Finance , Treasurer | $230,366 | 2023-06-30 |
Chris Desrosiers | Vice President of Finance | | 2024-04-29 |
Ursa Scherer | Vice President , People and Culture | $198,792 | 2023-06-30 |
Laura Sampath | Vice President , Programs / Senior Program Officer , Global | $217,858 | 2023-06-30 |
...and 10 more key personnel |
Financials for VentureWell
Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
---|
Total grants, contributions, etc. | $4,725,919 | $5,208,642 | -9.3% |
Program services | $88,491,570 | $76,260,933 | 16% |
Investment income and dividends | $123,139 | $62,423 | 97.3% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $-16,529 | $49,508 | -133.4% |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $7,116 | $12,791 | -44.4% |
Total revenues | $93,331,215 | $81,594,297 | 14.4% |
Organizations like VentureWell
Organization | Type | Location | Revenue |
---|
American Technion Society | 501(c)(3) | New York, NY | $86,399,228 |
Foundation for Food and Agriculture Research (FFAR) | 501(c)(3) | Washington, DC | $103,276,406 |
TB Alliance (TB Alliance) | 501(c)(3) | New York, NY | $56,212,963 |
THE Breast Cancer Research Foundation | 501(c)(3) | New York, NY | $94,756,928 |
National Organization for Rare Disorders (NORD) | 501(c)(3) | Quincy, MA | $66,397,453 |
Jewish Healthcare Foundation (JHF) | 501(c)(3) | Pittsburgh, PA | $42,161,105 |
Lucile Packard Foundation for Children's Health | 501(c)(3) | Palo Alto, CA | $131,724,808 |
Riley Children's Endowment | 501(c)(3) | Indianapolis, IN | $48,169,497 |
Orbis International | 501(c)(3) | New York, NY | $259,872,704 |
St Baldrick's Foundation (SBF) | 501(c)(3) | Monrovia, CA | $23,917,056 |
Data update history
August 8, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 23, 2024
Updated personnel
Identified 6 new personnel
July 10, 2024
Used new vendors
Identified 2 new vendors, including , and
January 3, 2024
Received grants
Identified 3 new grant, including a grant for $3,053,149 from Lemelson Foundation December 23, 2023
Received grants
Identified 9 new grant, including a grant for $3,080,447 from Lemelson Foundation Nonprofit Types
Grantmaking organizationsDisease research fundraisersSchoolsCharities
Issues
Education
Characteristics
Conducts researchOperates internationallyReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 100 Venture Way
- Hadley, MA 01035
- Metro area
- Springfield, MA
- County
- Hampshire County, MA
- Website URL
- venturewell.org/Â
- Phone
- (413) 587-2172
- Facebook page
- VentureWellÂ
- Twitter profile
- @venturewellÂ
IRS details
- EIN
- 42-1727335
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 2007
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- B12: Education Fund Raising and Fund Distribution
- NAICS code, primary
- 813212: Health and Disease Research Fundraising Organizations
- Parent/child status
- Independent
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