Cuventures Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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)
- Income
- $162,258
- Spending
- $605,506
- Spent on programs
- 99%
- Reserves
- 10.2 months of spending
- Largest source of income
- donations and private grants, 57%
- Employees
- 0
- Volunteers
- 2
- Highest pay
- $337,311, president
Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 48 out of 100. Higher than 14% of charities in its peer group (education, under $250k).
Reserves
28 of 35Spendable reserves would cover 10.2 months of spending.
Debt
5 of 20It owes 68% of what it owns.
Living within its means
0 of 15Spending exceeded income by 273% of income.
Income trend
0 of 15Income fell 62% on the year before.
Spending floor
15 of 1599% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 59 out of 100. Higher than 43% of charities in its peer group (education, under $250k).
Independent board
5 of 252 of 5 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 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 (1)
- $599,117 spent. 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.
Source: Form 990 for the year ending June 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 October 13, 2026.
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 November 6, 2026.
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 October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2020.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 November 4, 2026.
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