Nonprofit · EIN 85-1566395
CUVENTURES INC
Tax-exempt · MEQUON, WI 53097
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $162,258 | $605,506 | -$443,248 | $1,621,929 | $1,109,343 | $512,586 |
| June 30, 2023 | 990 | $424,301 | $455,226 | -$30,925 | $1,694,138 | $1,033,531 | $660,607 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $92,099
- Program service revenue
- $0
- Investment income
- $70,159
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $213,699
- Salaries, compensation and benefits (total)
- $274,191
- Professional fundraising fees
- $0
- Legal fees
- $19,130
- Accounting fees
- $7,875
- Travel
- $13,704
- Program services (functional)
- $599,117
- Management and general (functional)
- $5,389
- Fundraising (functional)
- $1,000
Balance sheet and other
- Total assets, start of year
- $1,694,138
- Total assets, end of year
- $1,621,929
- Total liabilities, end of year
- $1,109,343
- Net assets, end of year
- $512,586
- Net assets without donor restrictions
- $512,586
- Gross receipts
- $162,258
- Employees
- 0
- Volunteers
- 2
- Year formed
- 2020
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR ERIK ANKERBERG AS OF 2523 | PRESIDENT Trustee or director, Officer | 1 | $0 | $111,834 | $225,477 |
| WILLIAM CARIO THRU 13123 | INTERIM PRESIDENT Trustee or director, Officer | 1 | $0 | $84,769 | $181,833 |
| REV DR ROY PETERSON AS OF 6302024 | VICE PRESIDENT, CFO Trustee or director, Officer | 1 | $0 | $145,008 | $93,577 |
| DR DANIEL SEM | DEAN, SCHOOL OF BUSINESS Trustee or director, Officer | 1 | $0 | $177,450 | $39,849 |
| TERRANCE ROWINSKI | BOARD VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINE SPECHT-PALMERT | BOARD CHAIR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| REV DR ROY PETERSON | VICE PRESIDENT, CFO Trustee or director, Officer | 1 | $0 | $130,727 | $107,061 |
| DR DANIEL SEM | DEAN, SCHOOL OF BUSINESS Trustee or director, Officer | 1 | $0 | $181,686 | $50,281 |
| WILLIAM CARIO | INTERIM PRESIDENT (END 1/31/23) Trustee or director, Officer | 1 | $0 | $111,649 | $61,862 |
| DR ERIK ANKERBERG | PRESIDENT (START 2/5/23) Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TERRANCE ROWINSKI | BOARD VICE CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| CHRISTINE SPECHT-PALMERT | BOARD CHAIR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 12800 N LAKE SHORE DR, MEQUON, WI 53097-2418
- Mailing address (990-N for 2020)
- 12800 N LakeShore Dr, Mequon WI 53097
- Principal officer (990 for 2023)
- DANIELLE MARSH, 12800 N LAKE SHORE DRIVE, MEQUON, WI 53097
- Principal officer (990-N for 2020)
- CONCORDIA UNIVERSITY, 12800 N LakeShore Dr, Mequon WI 53097
- Signed the 990
- DANIELLE MARSH, CFO
- Phone
- (262) 243-5700
- Website
- WWW.CUW.EDU
- Return prepared by
- SIKICH LLC
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 accomplishments
- 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.Expenses $599,117
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 85-1566395
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type III functionally integrated
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $1,621,929
- Income (IRS master file)
- $162,258
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $162,258 | $605,506 | $1,621,929 | IRS |
| 990 | June 2023 | $424,301 | $455,226 | $1,694,138 | XML |
| 990 | June 2022 | $225,900 | $119,172 | $667,900 | IRS |
| 990-N for 2020 Officer: CONCORDIA UNIVERSITY | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Dr Patrick Ferry | June 30, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-1566395).
Questions about CUVENTURES INC
- What is the EIN of CUVENTURES INC?
- The employer identification number (EIN) of CUVENTURES INC is 85-1566395.
- Is CUVENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to CUVENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does CUVENTURES INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of CUVENTURES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CUVENTURES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of CUVENTURES INC?
- The 990 for the year ended June 30, 2024 names DANIELLE MARSH.
- Who are the officers and directors of CUVENTURES INC?
- The 990 for the year ended June 30, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does CUVENTURES INC have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $162,258, expenses of $605,506 and total assets of $1,621,929 at year end.
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