Cuventures Inc

What it reported doing in 2023

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.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 98.9%; rating input score 99
• Fundraising efficiency: $92.1 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings

Transparency & Controls

• Consistency checks: 91.7%; rating input score 92; 18th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: No; rating input score 0

Accountability

• Independent voting board: 40%; rating input score 40; 15th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -273.2%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 2.68; rating input score 66; 66th percentile among comparable filings
• Liabilities to assets ratio: 0.68; rating input score 8; 8th percentile among comparable filings
• Officer compensation ratio: 89.3%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: 70% per year; rating input score 100; 97th percentile among comparable filings
• Revenue growth: -11.7% per year; rating input score 0; 6th percentile among comparable filings
• Asset growth: 35.9% per year; rating input score 100; 93rd percentile among comparable filings