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Novella Center for Entrepreneurship by Conscious Venture Lab Inc

EIN 83-4583974 · Baltimore, MD

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak48 out of 100GovernanceFair54 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE CORPORATION IS FORMED AND OPERATED FOR THE PURPOSE OF ADMINISTERING TRAINING PROGRAMS THAT EXPOSE EARLY STAGE FOUNDERS, CEOS AND OTHER EXECUTIVES TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM, AND TO THE IDEA OF USING ENTREPRENEURSHIP AS A TOOL FOR ECONOMIC INCLUSION, GROWTH, AND WEALTH CREATION.

Income
$301,000
Spending
$354,183
Spent on programs
57%
Reserves
3.8 months of spending
Largest source of income
donations and private grants, 67%
Employees
0

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 48 out of 100. Higher than 17% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    20 of 35

    Spendable reserves would cover 3.8 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 18% of income.

  • Income trend

    0 of 15

    Income fell 41% on the year before.

  • Spending floor

    8 of 15

    57% of spending went to programs and raising each dollar of donations cost 10 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 54 out of 100. Higher than 18% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    5 of 25

    1 of 3 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (5)
  1. $149,538 spent. CVL COHORT BALTIMORE 11: NOVELLA CENTER FOR ENTREPRENEURSHIP ADMINISTRERED THE 14-WEEK CVL ACCELERATOR PROGRAM IN BALTIMORE. COHORT 11 LAUNCHED IN MARCH 2024 WITH 9 COMPANIES (4 WOMEN FOUNDERS; 8 MINORITY FOUNDERS; 2 BALTIMORE COMPANIES; 3 MARYLAND COMPANIES). PURPOSE OF THE PROGRAM IS TO CREATE PARTNERSHIPS AND PROGRAMMING TO TRAIN ENTREPRENEURS HOW TO BUILD COMPANIES THAT MATTER BY EXPOSING THEM TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM AND SHOW THEM HOW MANAGING A BUSINESS FOR ALL OF ITS STAKEHOLDERS CREATES BOTH SOCIETAL AND FINANCIAL VALUE.
  2. $44,321 spent. CVL COHORT BALTIMORE 12: COHORT 12 LAUNCHED IN SEPTEMBER 2024 WITH 11 COMPANIES (5 WOMEN FOUNDERS; 9 MINORITY FOUNDERS; 3 BALTIMORE COMPANIES; 6 MARYLAND COMPANIES). PURPOSE OF THE PROGRAM IS TO CREATE PARTNERSHIPS AND PROGRAMMING TO TRAIN ENTREPRENEURS HOW TO BUILD COMPANIES THAT MATTER BY EXPOSING THEM TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM AND SHOW THEM HOW MANAGING A BUSINESS FOR ALL OF ITS STAKEHOLDERS CREATES BOTH SOCIETAL AND FINANCIAL VALUE.
  3. $8,190 spent. CVL COHORT 10: PURPOSE OF THE PROGRAM IS TO CREATE PARTNERSHIPS AND PROGRAMMING TO TRAIN ENTREPRENEURS HOW TO BUILD COMPANIES THAT MATTER BY EXPOSING THEM TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM AND SHOW THEM HOW MANAGING A BUSINESS FOR ALL OF ITS STAKEHOLDERS CREATES BOTH SOCIETAL AND FINANCIAL VALUE.
  4. THE ORGANIZATION IS FORMED AND OPERATED FOR THE PURPOSE OF ADMINISTERING TRAINING PROGRAMS THAT EXPOSE EARLY-STATE FOUNDERS, CEOS AND OTHER EXECUTIVES TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM, AND TO THE IDEA OF USING ENTREPRENEURS AS A TOOL FOR ECONOMIC INCLUSION, GROWTH, AND WEALTH CREATIONS.
  5. THE ORGANIZATION IS FORMED AND OPERATED FOR THE PURPOSE OF ADMINISTERING TRAINING PROGRAMS THAT EXPOSE EARLY-STATE FOUNDERS, CEOS AND OTHER EXECUTIVES TO THE TENETS OF STAKEHOLDER THEORY AND CONSCIOUS CAPITALISM, AND TO THE IDEA OF USING ENTREPRENEURS AS A TOOL FOR ECONOMIC INCLUSION, GROWTH, AND WEALTH CREATIONS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2022.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.