
Camelback Ventures
Camelback Ventures
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About this organization
Mission
Camelback Ventures is an accelerator that identifies, develops, and promotes early-stage underrepresented entrepreneurs with the aim to increase individual and community education, and generational wealth.
About
Since 2014, the organization has focused on its phase I portfolio: quality education, viewing education as an initial catalyst for positive social change. To do this, the organization leads a 6-month fellowship program that accelerates the venture and leadership development of historically untapped entrepreneurs leading education-related ventures. Thus far, its has supported 60 education-related entrepreneurs 95% identified as people of color and 63% as women. Collectively, they have gone on to raise $40 million in new funding, while being accepted into notable opportunities including: 500 startups, big accelerator, echoing green, draper richards kaplan, and forbes 30 under 30 (the organizations alumni hold four of 2018s list), among others. Collectively, our cohorts have created over 300 new jobs and impacted over 100,000 students and families. They have been able to do this in part through the support of the organizations fellowship program, which mitigates startup risk through dedicated coaching, connections, and early-stage capital, as well as focused work on five core competencies.
Interesting data from their 2020 990 filing
According to the filing documents, the non-profit's mission is defined as “Camelback ventures vision is to create livable communities, quality education, and economic opportunity for everyone in one generation.”.
When referring to its tasks, they were referred to as: “Camelback ventures vision is to create livable communities, quality education, and economic opportunity for everyone in one generation.”.
- The non-profit's state of operation has been legally reported as LA.
- The total number of employees reported by the non-profit on their form for 2020 is 5.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $562,525.
- The CEO compensation policy within the organization is established through an impartial evaluation and approval.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 3 independent voting members.
- The organization was formed in 2013.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $440,583 in salary, compensation, and benefits to its employees.
- The organization pays $53,012 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has grants to organizations.