Nonprofit · EIN 48-1249429
CENTER FOR VENTURE EDUCATION INC
Tax-exempt · SACRAMENTO, CA 95819
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,582,878 | $6,547,410 | -$964,532 | $125,662,054 | $4,765,944 | $120,896,110 |
| June 30, 2024 | 990 | $5,890,307 | $6,250,538 | -$360,231 | $109,210,677 | $4,856,138 | $104,354,539 |
| June 30, 2023 | 990 | $5,976,256 | $5,768,804 | $207,452 | $101,920,529 | $5,181,748 | $96,738,781 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $549,171
- Program service revenue
- $4,975,588
- Investment income
- $58,119
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $759,977
- Compensation of officers, directors and key employees
- $1,748,096
- Other salaries and wages
- $508,711
- Salaries, compensation and benefits (total)
- $2,425,947
- Professional fundraising fees
- $0
- Legal fees
- $5,925
- Accounting fees
- $59,000
- Travel
- $351,152
- Depreciation
- $1,457
- Program services (functional)
- $4,932,480
- Management and general (functional)
- $1,602,178
- Fundraising (functional)
- $12,752
Balance sheet and other
- Total assets, start of year
- $109,210,677
- Total assets, end of year
- $125,662,054
- Total liabilities, end of year
- $4,765,944
- Net assets, end of year
- $120,896,110
- Net assets without donor restrictions
- $120,831,110
- Net assets with donor restrictions
- $65,000
- Gross unrelated business income
- $29,697
- Gross receipts
- $5,582,878
- Employees
- 12
- Volunteers
- 11
- Year formed
- 2001
- State of legal domicile
- KS
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| FERNANDO FABRE | CEO Officer | 39 | $436,500 | $13,500 | $38,644 |
| DANIELA TERMINEL | HEAD OF NETWORK Key employee | 40 | $298,100 | $0 | $10,583 |
| LISA DOHERTY | CFO Officer | 30 | $193,772 | $64,591 | $38,305 |
| KIRSTEN OWENS | HEAD OF LP RELATIONS Key employee | 40 | $231,197 | $0 | $31,687 |
| KATLYN MEASE | HEAD OF RECRUITING Key employee | 40 | $198,192 | $0 | $17,995 |
| KATIE SARRO | HEAD OF MARKETING Key employee | 40 | $190,790 | $0 | $15,812 |
| MARYANN ALSPAUGH | HEAD OF PROGRAM Highest-paid employee | 40 | $122,815 | $0 | $21,372 |
| MELISSA RICHLEN | BOARD CHAIR Trustee or director, Officer | 4 | $0 | $0 | $0 |
| KAREN KERR | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| SUSAN MASON | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| MARLON NICHOLS | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| ALLEN TAYLOR | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| BEN CHOI | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| ITXASO DEL PALACIO | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
| CHRISTINE KENNA | DIRECTOR Trustee or director | 3 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY HARBACH | CEO (UNTIL 12/2023) Officer | 39 | $401,000 | $80,866 |
| LISA DOHERTY | VP OF FINANCE Officer | 36 | $244,125 | $30,405 |
| KIRSTEN OWENS | CHIEF OF STAFF Key employee | 40 | $218,661 | $26,105 |
| KATIE SARRO | HEAD OF MARKETING Key employee | 40 | $221,989 | $17,141 |
| MARYANN ALSPAUGH | HEAD OF PROGRAM Highest-paid employee | 40 | $142,750 | $29,888 |
| KATLYN MEASE | HEAD OF RECRUITING Key employee | 40 | $159,299 | $13,060 |
| FERNANDO FABRE | CEO (STARTED 01/2024) Officer | 39 | $0 | $0 |
| MELISSA RICHLEN | BOARD CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| KAREN KERR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALLEN TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARLON NICHOLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRISTINE KENNA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ITXASO DEL PALACIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUSAN MASON | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY HARBACH | CEO Officer | 39 | $457,446 | $55,463 |
| NATASHA FUNK | VP RECRUITING Key employee | 40 | $295,000 | $31,212 |
| KIRSTEN OWENS | CHIEF OF STAFF Highest-paid employee | 40 | $208,250 | $37,605 |
| LISA DOHERTY | VP OF FINANCE Officer | 37 | $193,200 | $35,793 |
| KATHERINE SARRO | DIRECTOR OF MARKETING Highest-paid employee | 40 | $200,500 | $9,711 |
| JACQUELINE HUGHES | DIRECTOR OF EVENTS Highest-paid employee | 40 | $173,125 | $21,659 |
| AVA ALEMAZKOOR | DIRECTOR OF NETWORK Highest-paid employee | 40 | $169,500 | $9,027 |
| MARYANN ALSPAUGH | DIRECTOR OF PROGRAM Highest-paid employee | 40 | $128,250 | $27,603 |
| MELISSA RICHLEN | BOARD CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| KAREN KERR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SUSAN MASON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALLEN TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARLON NICHOLS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 836 57TH STREET SUITE 583, SACRAMENTO, CA 95819-3327
- In care of
- % PHILLIP WICKHAM
- Principal officer (990 for 2024)
- FERNANDO FABRE, 836 57TH STREET SUITE 583, SACRAMENTO, CA 95819
- Signed the 990
- FERNANDO FABRE, CEO
- Phone
- (650) 561-7047
- Website
- WWW.KAUFFMANFELLOWS.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
California records
California keeps its own records of charities and corporations. Search them by EIN 48-1249429 or by the name CENTER FOR VENTURE EDUCATION INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE EXPERIENCE BASED EDUCATION AND RESEARCH INITIATIVES TO EDUCATE VENTURE INVESTORS IN A SCHOOL-TYPE SETTING USING AN ESTABLISHED CURRICULUM, A REGULAR FACULTY WITH EXTENSIVE EXPERIENCE IN VENTURE CAPITAL AND A TEAM OF EDUCATIONAL PROFESSIONALS.
Program accomplishments
- KAUFMAN FELLOWSHIP STARTS WITH A 2-YEAR EDUCATION PROGRAM DESIGNED TO TEACH BEST PRACTICES IN VENTURE CAPITAL ALLOCATION. THROUGH A STRUCTURED CURRICULUM, PEER LEARNING, AND SELF-AWARENESS, FELLOWS BECOME BETTER LEADERS, BETTER INVESTORS, AND BUILD BETTER VC FIRMS. IN JUNE 2025, 60 FELLOWS GRADUATED, 57 ARE HALFWAY THROUGH AND 66 JUST STARTED.Expenses $4,932,480 · grants $759,977 · revenue $4,975,588
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
- 48-1249429
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B40)
- Assets (IRS master file)
- $125,662,054
- Income (IRS master file)
- $5,582,878
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,582,878 | $6,547,410 | $125,662,054 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $5,890,307 | $6,250,538 | $109,210,677 | XML |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $5,976,256 | $5,768,804 | $101,920,529 | XML |
| 990 | June 2022 | $8,050,151 | $6,685,682 | $109,013,402 | 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 48-1249429).
Questions about CENTER FOR VENTURE EDUCATION INC
- What is the EIN of CENTER FOR VENTURE EDUCATION INC?
- The employer identification number (EIN) of CENTER FOR VENTURE EDUCATION INC is 48-1249429.
- Is CENTER FOR VENTURE EDUCATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to CENTER FOR VENTURE EDUCATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTER FOR VENTURE EDUCATION INC 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 CENTER FOR VENTURE EDUCATION INC 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 CENTER FOR VENTURE EDUCATION INC 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 CENTER FOR VENTURE EDUCATION INC?
- The 990 for the year ended June 30, 2025 names FERNANDO FABRE.
- Who are the officers and directors of CENTER FOR VENTURE EDUCATION INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 7 received compensation from the organization, the highest $436,500 (FERNANDO FABRE, CEO).
- How much revenue does CENTER FOR VENTURE EDUCATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,582,878, expenses of $6,547,410 and total assets of $125,662,054 at year end.
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