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Cuventures INC

Tax-deductible

Mequon, WI501(c)(3)Education EIN 85-1566395Revenue $162K in FY2024Latest return filed May 14, 2025

On file with the IRScuw.eduMequon, WITax-exempt since Nov 2020Supporting org, Type III (functionally integrated) — 509(a)(3)

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Exclusively for the benefit of, to perform the functions of, or to carry out the purposes of cuwf.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 3
filings with a surplus
Average deficit $122K a year · 45% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $211K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$162K
-62% vs prior year
Spent
$606K
To programs
99%
Net assets
$513K
By yearFY2022–FY2024
Revenue
$162K
FY2024▼ -62%
Tap a bar for its year
Revenue by fiscal year
FY2022$226K
FY2023$424K
FY2024$162K
Expenses
$606K
FY2024▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2022$119K
FY2023$455K
FY2024$606K
Net assets
$513K
FY2024▼ -22%
Tap a bar for its year
Net assets by fiscal year
FY2022$668K
FY2023$661K
FY2024$513K

From the FY2024 Form 990 (year ending June 2024) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $599K Management & general 1% · $5K Fundraising 0% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
William Cario Thru 13123
Interim President
$0Pt VII · Sec A
Dr Daniel Sem
Dean, School of Business
$0Pt VII · Sec A
$0Pt VII · Sec A
Terrance Rowinski
Board Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cuventures INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Supports CUWF's mission through exclusive benefit and purpose-driven functions.

Questions for Cuventures INC

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Your first name shows with your question. Cuventures INC answers here, for everyone.

1 program · $599K · in their own filed words · FY2023
01

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…

$599Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2022
Concordia University Mequon WIFY2022$211K
Total grants receivedfrom 1 funder$211K
Grants paid · 1 grant · $57K · 2021–2021
Concordia University Mequon WIWI · FY2021$57,200

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$162K
Ln 12
Gifts and grantsLn 1h$92K
Investment incomeLn 3$70K
Money outPt IX
$606K
Ln 25
Programscol B$599K
Managementcol C$5K
Fundraisingcol D$1K
Owns and owesPt X
$513K
net assets · Ln 32
Cash and savingsLn 1–2$926K
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$92K
Investment incomeLn 3$70K
Total revenueLn 12$162K
Assets in detailPt X, end of year
CashLn 1$926K
Cash and savings togetherLn 1–2$926K
InvestmentsLn 11–13$696K
Total assetsLn 16$1.6M
LiabilitiesLn 26$1.1M
Net assetsLn 32$513K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.2M$926K
InvestmentsLn 11–13$471K$696K
Total assetsLn 16$1.7M$1.6M
LiabilitiesLn 26$1.0M$1.1M
Net assetsLn 32$661K$513K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$214K$211K$3K
Other employee benefitsLn 9$60K$60K
Legal feesLn 11b$19K$19K$183
Accounting feesLn 11c$8K$8K$75
Other fees for servicesLn 11g$251K$249K$2K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$36K$35K$14$1K
TravelLn 17$14K$14K
Total functional expensesLn 25$606K$599K$5K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS May 14, 2025 $162K$606K−$443K$513K 990 PDF
FY2023Filed with the IRS May 15, 2024 $424K$455K−$31K$661K 990 PDF
FY2022Filed with the IRS May 15, 2023 $226K$119K$107K$668K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $162,258 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $393,872$92,099
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $30,429$70,159
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $424,301$162,258
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $107,255$274,191
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $347,971$331,315
I-18 Total expensesPrior year $455,226$605,506
I-19 Revenue less expensesPrior year −$30,925−$443,248
Part VI · Governance 2 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $162,258 across 4 lines filed
VIII-1f All other contributions, gifts and grants$92,099
VIII-1h Total contributions, gifts and grants$92,099
VIII-3 Investment incomeExcluded from tax $70,159$70,159
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $70,159$162,258
Part IX · Statement of functional expenses $605,506 across 8 lines filed
IX-7 Other salaries and wagesPrograms $211,025 · Management $2,674$213,699
IX-9 Other employee benefitsPrograms $60,492$60,492
IX-11b Legal feesPrograms $18,947 · Management $183$19,130
IX-11c Accounting feesPrograms $7,800 · Management $75$7,875
IX-11g Other fees for servicesPrograms $248,631 · Management $2,443$251,074
IX-12 Advertising and promotionPrograms $3,928$3,928
IX-13 Office expensesPrograms $34,590 · Management $14 · Fundraising $1,000$35,604
IX-17 TravelPrograms $13,704$13,704
IX-25 Total functional expensesPrograms $599,117 · Management $5,389 · Fundraising $1,000$605,506
Part X · Balance sheet $1,621,929 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,223,559$925,790
X-12 Other securitiesStart of year $470,579$696,139
X-16 Total assetsStart of year $1,694,138$1,621,929
X-17 Accounts payable and accrued expensesStart of year $1,033,531$1,109,343
X-26 Total liabilitiesStart of year $1,033,531$1,109,343
X-27 Net assets without donor restrictionsStart of year $660,607$512,586
X-32 Total net assets or fund balancesStart of year $660,607$512,586
X-33 Total liabilities and net assetsStart of year $1,694,138$1,621,929
Part XI · Reconciliation of net assets $512,586 net assets at year end
XI-1 Total revenue$162,258
XI-2 Total expenses$605,506
XI-3 Revenue less expenses−$443,248
XI-4 Net assets at start of year$660,607
XI-9 Other changes in net assets$295,227
XI-10 Net assets at end of year$512,586

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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