National Collegiate Inventors & Innovators Alliance
Also known as Venturewell
National Collegiate Inventors & Innovators Alliance reported $106.2 million in revenue and $105.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $87.98 went to program services, $11.47 to management and general costs and $0.55 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.0% of the total. Government grants made up 6.0%. The highest compensation it reported for one person was $456,079 (President). 79 people received more than $100,000 in reportable compensation. Revenue rose 465% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $105MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $106MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 11.5% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.09 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 6.2% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 6.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 92.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $456,079 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.43% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 79 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 14 of 15 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseRADX - VentureWell serves as the network partner and administrator for the National Institutes of Health's Rapid Acceleration of Diagnostics Initiative. Known as RADX, this program aims to expand the range of innovative diagnostic technologies available to support a rapid increase in reliability, speed, and scale of testing for SARS-CoV-2 (the virus that causes COVID-19) across the country
In addition to the 3 grants programs outlined on lines 4a through 4c, NCIIA also: a) awards other types of grants primarily to institutions of higher education in keeping with the organization's mission of promoting invention, innovation and entrepreneurship; b) offers membership to colleges and universities across the U.S., which afford member institutions the opportunity to attend NCIIA-sponsored events at reduced rates, tap into the NCIIA network, and to apply for NCIIA grants; c) conducts workshops and events, including but not limited to an annual conference and workshops designed to…
I-Corps Program - VentureWell led courses engage participants in moving products out of the lab into the market by talking to potential customers, partners and competitors, and encountering the challenges and uncertainty of creating successful innovations
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President Officer, 35.00 hrs/week | $387,632 | $0 | $68,447 | $456,079 |
| VP, Growth Strategy & Deve Key employee, 35.00 hrs/week | $267,234 | $0 | $26,134 | $293,368 |
| VP, Finance & Administrati Key employee, 35.00 hrs/week | $249,852 | $0 | $39,126 | $288,978 |
| VP, Higher Education Innovation Ecosystems Highest compensated employee, 35.00 hrs/week | $237,828 | $0 | $27,477 | $265,305 |
| VP, People & Culture Highest compensated employee, 35.00 hrs/week | $225,213 | $0 | $36,874 | $262,087 |
| VP, Commercialization Highest compensated employee, 35.00 hrs/week | $216,288 | $0 | $35,499 | $251,787 |
| VP, Ventures Highest compensated employee, 35.00 hrs/week | $215,549 | $0 | $35,642 | $251,191 |
| VP, Enterprise & Shared Services Highest compensated employee, 35.00 hrs/week | $213,689 | $0 | $28,409 | $242,098 |
79 people received more than $100,000 in reportable compensation from National Collegiate Inventors & Innovators Alliance (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b15 · 14 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5191
- Volunteers Part I, line 615
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Autonomous Medical Devices Incorporated Consultant Services | $6,953,720 |
| EMed Labs LLC Consultant Services | $5,334,261 |
| CovarsaDx Corporation Program Delivery | $5,265,744 |
| Maxim Biomedical Inc Research and Development | $3,119,809 |
| Sapphiros LLC Program Delivery | $3,055,362 |
Individuals listed as contractors are left out. 96 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to National Collegiate Inventors & Innovators Alliance totaling $3.0M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from National Collegiate Inventors & Innovators Alliance's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for National Collegiate Inventors & Innovators Alliance, you can publish a response that is linked from this page.
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Of every $100 National Collegiate Inventors & Innovators Alliance spent in FY2025, $87.98 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Touro UniversityNew York, NY · revenue $106M · programs 88.0% · FY2025
- Dordt UniversitySioux Center, IA · revenue $106M · programs 88.3% · FY2025
- Essex County CollegeNewark, NJ · revenue $106M · programs 68.5% · FY2025
- Agnes Scott CollegeDecatur, GA · revenue $106M · programs 87.7% · FY2025
- Augusta University Research InstituteAugusta, GA · revenue $106M · programs 99.7% · FY2025
All education charities · Largest charities in Massachusetts
Questions people ask
How much of National Collegiate Inventors & Innovators Alliance's spending goes to programs?
In the fiscal year ending June 30, 2025, National Collegiate Inventors & Innovators Alliance reported that 88.0% of its $105.3 million in expenses went to program services, 11.5% to management and general and 0.6% to fundraising (Form 990, Part IX).
How much does National Collegiate Inventors & Innovators Alliance pay its top executive?
The largest total compensation National Collegiate Inventors & Innovators Alliance reported for one person in the fiscal year ending June 30, 2025 was $456,079, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does National Collegiate Inventors & Innovators Alliance get its money?
Of $106.2 million in revenue in the fiscal year ending June 30, 2025, 6.2% came from contributions and grants (including 6.0% from government grants) and 92.0% from program service revenue (Form 990, Part VIII).
Is National Collegiate Inventors & Innovators Alliance a registered charity?
The IRS lists EIN 42-1727335 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611149349300341 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501119349301415 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441209349300319 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341309349301514 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211239349301811 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131269349301823 · read the filing
All filings for EIN 42-1727335: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.