NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE INC Charity Report

Public IRS 990 nonprofit record

NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE INC

EIN 42-1727335 · Fund Raising & Fund Distribution - Education (B12)

What they do

VentureWell is On A Mission to Cultivate A Pipeline of Inventors, Innovators, and Entrepreneurs Driven to Solve The Worlds Biggest Challenges and to Create Lasting Impact. We Foster Collaboration Among The Best Minds From Research Labs, Classrooms, and Beyond to Advance Innovation and Entrepreneurship Education and to Provide Unique Opportunities for Stem Students and Researchers to Fully Realize Their Potential to Improve The World.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders23 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

87.20%of revenue went to mission work88.0% of expenses · Program services

0.55%of revenue went to fundraising0.6% of expenses

$99.12spent for every $100 of revenueRevenue covered expenses this year.

11.37%of revenue went to management and office costs11.5% of expenses

$0.85in assets for every $1 spent this yearSome assets cannot be spent right away.

6.2%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $456,079 for PHILIP WEILERSTEIN (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$106,240,932

Mission workProgram services$92,644,52487.20% of revenue88.0% of expenses

ManagementOffice and general costs$12,077,10311.37% of revenue11.5% of expenses

FundraisingAsking for donations$583,0220.55% of revenue0.6% of expenses

Revenue left after expensesReported annual surplus$936,2830.88% of revenueShown in gray on the chart

Total expenses$105,304,64999.12% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.0% mission · 11.5% management · 0.6% fundraisingTotal expenses: 99.12% of revenue

2023Expense mix: 87.2% mission · 12.1% management · 0.7% fundraisingTotal expenses: 95.05% of revenue

2022Expense mix: 85.9% mission · 12.9% management · 1.2% fundraisingTotal expenses: 96.29% of revenue

2021Expense mix: 88.9% mission · 10.6% management · 0.5% fundraisingTotal expenses: 88.53% of revenue

2020Expense mix: 86.4% mission · 13.4% management · 0.3% fundraisingTotal expenses: 84.44% of revenue

2019Expense mix: 81.4% mission · 18.1% management · 0.6% fundraisingTotal expenses: 86.30% of revenue

2018Expense mix: 76.4% mission · 22.7% management · 1.0% fundraisingTotal expenses: 96.88% of revenue

2017Expense mix: 79.4% mission · 19.4% management · 1.3% fundraisingTotal expenses: 98.05% of revenue

Money in and money out

Revenue$106,240,932

Expenses$105,304,649

Annual surplus $936,283 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$92,644,524 · 88.0% of expenses

Management and office costs$12,077,103 · 11.5% of expenses

Fundraising$583,022 · 0.6% of expenses

See all reported dollar amounts

Revenue$106,240,932

Expenses$105,304,649

Assets$89,478,799

Income$106,240,932

Contributions$6,549,076

Mission work (program services)$92,644,524

Fundraising$583,022

Grants given$56,872,926

Average grant$65,221

Management and general$12,077,103

Executive compensation (total)$580,240

Stocks and bonds$64,595,048

Accounting fees$108,341

Investing fees$154,965

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PHILIP WEILERSTEINPRESIDENT · 35 hrs/week $456,079Base $387,632 · Other $68,447

MARK MARINOVP, GROWTH STRATEGY & DEVE · 35 hrs/week $293,368Base $267,234 · Other $26,134

CHRISTOPHER DESROSIERSVP, FINANCE & ADMINISTRATI · 35 hrs/week $288,978Base $249,852 · Other $39,126

DEMETRIA GALLAGHERVP, HIGHER EDUCATION INNOVATION ECOSYSTEMS · 35 hrs/week $265,305Base $237,828 · Other $27,477

URSA SCHERERVP, PEOPLE & CULTURE · 35 hrs/week $262,087Base $225,213 · Other $36,874

REBEKAH NEALVP, COMMERCIALIZATION · 35 hrs/week $251,787Base $216,288 · Other $35,499

CHRISTINA TAMERVP, VENTURES · 35 hrs/week $251,191Base $215,549 · Other $35,642

ONEIDA VICKY HARRISVP, ENTERPRISE & SHARED SERVICES · 35 hrs/week $242,098Base $213,689 · Other $28,409

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (23)

PHILIP WEILERSTEINPRESIDENT

MARK MARINOVP, GROWTH STRATEGY & DEVE

CHRISTOPHER DESROSIERSVP, FINANCE & ADMINISTRATI

DEMETRIA GALLAGHERVP, HIGHER EDUCATION INNOVATION ECOSYSTEMS

URSA SCHERERVP, PEOPLE & CULTURE

REBEKAH NEALVP, COMMERCIALIZATION

CHRISTINA TAMERVP, VENTURES

ONEIDA VICKY HARRISVP, ENTERPRISE & SHARED SERVICES

YOUSEPH YAZDIDIRECTOR

ABIGAIL BARROWDIRECTOR

TODD WARRENCHAIR

RODNEY PRIESTLEYDIRECTOR

RANDY LEWISDIRECTOR

PAUL YOCKEMERITUS BOARD MEMBER

MONICA DEANDIRECTOR

MICHAEL MARASCOTREASURER

JOSH MAKOWERDIRECTOR

JOS ESTABILDIRECTOR

JERRY ENGELEMERITUS BOARD MEMBER

GILDA BARABINODIRECTOR

DONNA PETKANICSEMERITUS BOARD MEMBER

DEDRIC CARTERDIRECTOR

CAROL DAHLSECRETARY

About this charity

Recognized since: January 2007
Location: 100 VENTURE WAY, HADLEY, MA 01035-9462
County: Hampshire
In care of: % CHRIS DESROSIERS
Primary officer: Chris Desrosiers, Vice President of Finance

How to reach them

WebsiteVisit the charity’s website Phone(413) 587-2172

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: APRIO ADVISORY GROUP LLC
NTEE classification: Fund Raising & Fund Distribution - Education (B12)
IRS tax category: Fund Raising & Fund Distribution
Grant-giving organization: Yes