Nonprofit · EIN 42-1727335
NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE
Also known as DBA VENTURE WEL
Tax-exempt · HADLEY, MA 01035
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $106,240,932 | $105,304,649 | $936,283 | $89,478,799 | $53,118,211 | $36,360,588 |
| June 30, 2024 | 990 | $116,586,489 | $110,811,872 | $5,774,617 | $67,322,326 | $33,344,016 | $33,978,310 |
| June 30, 2023 | 990 | $93,331,215 | $89,870,589 | $3,460,626 | $53,617,163 | $25,687,239 | $27,929,924 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,549,076
- of which government grants
- $6,336,632
- Program service revenue
- $97,751,190
- Investment income
- $1,935,578
- Net gain from sales of assets
- $120,441
- Other revenue
- $5,088
Expenses
- Grants and similar amounts paid
- $41,707,157
- Compensation of officers, directors and key employees
- $1,051,841
- Other salaries and wages
- $16,070,112
- Salaries, compensation and benefits (total)
- $20,980,074
- Professional fundraising fees
- $0
- Legal fees
- $116,954
- Accounting fees
- $108,341
- Occupancy
- $788,527
- Travel
- $553,731
- Depreciation
- $19,974
- Program services (functional)
- $92,644,524
- Management and general (functional)
- $12,077,103
- Fundraising (functional)
- $583,022
Balance sheet and other
- Total assets, start of year
- $67,322,326
- Total assets, end of year
- $89,478,799
- Total liabilities, end of year
- $53,118,211
- Net assets, end of year
- $36,360,588
- Land, buildings and equipment
- $8,841
- Publicly traded securities
- $64,595,048
- Net assets without donor restrictions
- $34,994,091
- Net assets with donor restrictions
- $1,366,497
- Gross receipts
- $106,240,932
- Employees
- 191
- Volunteers
- 15
- Year formed
- 2007
- State of legal domicile
- MA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Philip Weilerstein | President Officer | 35 | $387,632 | $68,447 |
| Mark Marino | VP, Growth Strategy & Deve Key employee | 35 | $267,234 | $26,134 |
| Christopher Desrosiers | VP, Finance & Administrati Key employee | 35 | $249,852 | $39,126 |
| Demetria Gallagher | VP, Higher Education Innovation Ecosystems Highest-paid employee | 35 | $237,828 | $27,477 |
| Ursa Scherer | VP, People & Culture Highest-paid employee | 35 | $225,213 | $36,874 |
| Rebekah Neal | VP, Commercialization Highest-paid employee | 35 | $216,288 | $35,499 |
| Christina Tamer | VP, Ventures Highest-paid employee | 35 | $215,549 | $35,642 |
| Oneida Vicky Harris | VP, Enterprise & Shared Services Highest-paid employee | 35 | $213,689 | $28,409 |
| Todd Warren | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Michael Marasco | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Carol Dahl | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Gilda Barabino | Director Trustee or director | 1 | $0 | $0 |
| Abigail Barrow | Director Trustee or director | 1 | $0 | $0 |
| Dedric Carter | Director Trustee or director | 1 | $0 | $0 |
| Monica Dean | Director Trustee or director | 1 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jos Estabil | Director Trustee or director | 1 | $0 |
| Randy Lewis | Director Trustee or director | 1 | $0 |
| Josh Makower | Director Trustee or director | 1 | $0 |
| Rodney Priestley | Director Trustee or director | 1 | $0 |
| Youseph Yazdi | Director Trustee or director | 1 | $0 |
| Jerry Engel | Emeritus Board Member Trustee or director | 1 | $0 |
| Donna Petkanics | Emeritus Board Member Trustee or director | 1 | $0 |
| Paul Yock | Emeritus Board Member Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Philip Weilerstein | President & CEO Officer | 35 | $346,432 | $64,140 |
| Mark Marino | VP, Growth Strategy Key employee | 35 | $221,971 | $46,390 |
| Christopher Desrosiers | VP, Fin & Admin (Non-Director) Key employee | 35 | $226,861 | $36,082 |
| Ursa Scherer | VP, People & Culture Highest-paid employee | 35 | $217,990 | $34,955 |
| Demetria Gallagher | VP, Higher Ed Innov. Ecosystems Highest-paid employee | 35 | $215,628 | $24,309 |
| Christina Tamer | VP, Ventures Highest-paid employee | 35 | $190,418 | $32,804 |
| Rebekah Neal | VP, Commercialization Highest-paid employee | 35 | $176,297 | $30,297 |
| Jennifer Holme | Chief of Staff, Asst. Sec. (Non-Director) Highest-paid employee | 35 | $148,221 | $40,407 |
| Abigail Barrow | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Todd Warren | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Mike Marasco | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Gilda Barabino | Director Trustee or director | 1 | $0 | $0 |
| Carol Dahl | Director Trustee or director | 1 | $0 | $0 |
| Monica Dean | Director Trustee or director | 1 | $0 | $0 |
| Jose Estabil | Director Trustee or director | 1 | $0 | $0 |
| Randy Lewis | Director Trustee or director | 1 | $0 | $0 |
| Rodney Priestley | Director Trustee or director | 1 | $0 | $0 |
| Youseph Yazdi | Director Trustee or director | 1 | $0 | $0 |
| Jerry Engel | Emeritus Board Member Trustee or director | 1 | $0 | $0 |
| Mike Malone | Emeritus Board Member Trustee or director | 1 | $0 | $0 |
| Donna Petkanics | Emeritus Board Member Trustee or director | 1 | $0 | $0 |
| Paul Yock | Emeritus Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHILIP WEILERSTEIN | PRESIDENT/CEO Officer | 35 | $311,309 | $71,965 |
| JENNIFER HOLME | CHIEF OF STAFF, ASST SECRETARY Officer | 35 | $230,366 | $65,829 |
| MARK MARINO | VP, GROWTH STRATEGY & DEVELOPMENT Highest-paid employee | 35 | $202,940 | $54,012 |
| LAURA SAMPATH | VP, PROGRAMS Highest-paid employee | 35 | $217,858 | $36,634 |
| CHRISTOPHER DESROSIERS | VP, FINANCE & ADMIN; ASST SECRETARY Officer | 35 | $207,555 | $44,228 |
| URSA SCHERER | VP, PEOPLE & CULTURE Highest-paid employee | 35 | $198,792 | $50,583 |
| JASON OWENS | VP, INFO & DATA SYSTEMS Highest-paid employee | 35 | $223,743 | $15,548 |
| DEMETRIA GALLAGHER | VP, HIGHER EDUCATION INNOVATION Highest-paid employee | 35 | $192,631 | $17,368 |
| ABIGAIL BARROW | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| TODD WARREN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MIKE MARASCO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| GILDA BARABINO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROL DAHL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MONICA DEAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSE ESTABIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RANDY LEWIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RODNEY PRIESTLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| YOUSEPH YAZDI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PAUL YOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE MALONE | EMERITUS BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JERRY ENGEL | EMERITUS BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DONNA PETKANICS | EMERITUS BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 100 VENTURE WAY, HADLEY, MA 01035-9462
- In care of
- % CHRIS DESROSIERS
- Principal officer (990 for 2024)
- Philip J Weilerstein, 100 Venture Way, Hadley, MA 01035
- Signed the 990
- Chris Desrosiers, Vice President of Finance
- Phone
- (413) 587-2172
- Website
- www.Venturewell.Org
- Return prepared by
- Aprio Advisory Group LLC
Mission
VentureWell is on a mission to cultivate a pipeline inventors, innovators, and entrepreneurs driven to solve the world's biggest challenges and to create lasting impact. We foster collaboration among the best minds from research labs, classrooms, and beyond to advance innovation and entrepreneurship education and to provide unique opportunities for stem students and researchers to fully realize their potential to improve the world.
Program accomplishments
- RADX - 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.Expenses $92,644,524 · grants $41,707,157 · revenue $97,756,278
- 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 teach technology entrepreneurship basics and how to enhance success of commercializing inventions and innovations; and d) invests in select ventures emerging from U.S institutions of higher education.
- 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 42-1727335
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B12)
- Assets (IRS master file)
- $89,478,799
- Income (IRS master file)
- $106,240,932
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $106,240,932 | $105,304,649 | $89,478,799 | IRS |
| 990 | June 2024 | $116,586,489 | $110,811,872 | $67,322,326 | XML |
| 990 | June 2023 | $93,331,215 | $89,870,589 | $53,617,163 | XML |
| 990 | June 2022 | $81,594,297 | $72,236,568 | $38,455,706 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 42-1727335).
Questions about NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE
- What is the EIN of NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE?
- The employer identification number (EIN) of NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE is 42-1727335.
- Is NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE?
- The 990 for the year ended June 30, 2025 names Philip J Weilerstein.
- Who are the officers and directors of NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE?
- The 990 for the year ended June 30, 2025 lists 23 people; 8 received compensation from the organization, the highest $387,632 (Philip Weilerstein, President).
- How much revenue does NATIONAL COLLEGIATE INVENTORS & INNOVATORS ALLIANCE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $106,240,932, expenses of $105,304,649 and total assets of $89,478,799 at year end.
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