Sogal Foundation
Sogal Foundation
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About this organization
Mission
to close the diversity gap in entrepreneurship and venture capital
About
Our regular webinar series and a series of in-person trainings provides training and mentorship for junior women beginning their careers in Venture Capital (VC) and angel investing to ask questions and get advice in a candid, safe setting. As a result, through these educational trainings, the Foundation will educate and galvanize diverse future investors, who will in turn invest at least $1.5M+ in underrepresented founders. The Foundation is hosting our second annual global competition for female and underrepresented founders with multiple regional rounds, and a three-day immersive bootcamp for the cohort of global finalists. The Foundation is providing the unique opportunity for underrepresented founders to compete in multiple rounds and learn in an immersive educational bootcamp, with an exclusive opportunity for exposure and feedback. This educational initiative and publicity has the potential to result in VC feedback and a chance to secure funding which aids female-owned businesses, which are a minority in the VC world. The Foundation hosts 12 online fireside chats on often-ignored systemic issues such as societal expectations & pressures of marriage, fertility & childcare, and eldercare, reaching more than 1,200 diverse entrepreneurs. The webinar participants learn new ways to cope with the stresses entrepreneurs face, a stronger understanding of their finances, or additional confidence in speaking to media. The Foundation hosts mental health, financial literacy, and media training educational webinars reaching more than 2,400 diverse entrepreneurs. Webinars may be accompanied by in person events facilitated by Facebook live. The webinar participants will learn new strategies & resources to strengthen resilience despite the often ignored systemic issues, societal expectations, and family responsibility pressures. The Foundation's SoGal Chapters of hyper-local micro communities of diverse entrepreneurs will expand to 11 additional US cities from the 12 cities where they are now located. By EOY 2020, at least 2000 diverse entrepreneurs will participate in 11 new US Foundation community initiatives, benefiting from a peer network of entrepreneurs and focused, curated, and efficient educational content. The Foundation's SoGal chapter leads will host 250+ local educational nitiatives across the world to support diverse entrepreneurs within communities they're already based in. Chapter Leads will organize and host at least 250+ local in-person educational events to cultivate entrepreneurial skills learning, networking and connections. Initiatives across the world to support diverse entrepreneurs within communities they're already based in. Chapter Leads will organize and host at least 250+ local in-person educational events to cultivate entrepreneurial skills learning, networking and connections.
Interesting data from their 2020 990 filing
The purpose of the non-profit is outlined in the filing as “To close the diversity gap in entrepreneurship and venture capital”.
When discussing its operations, they were defined as: “To close the diversity gap in entrepreneurship and venture capital”.
- The state where the non-profit operates has been legally reported as NY.
- The filing indicates that the non-profit's address in 2020 is located at 131 Fifth Avenue702, New York, NY, 10003.
- The non-profit has reported 1 employees on their form as of 2020.
- 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 less than $100,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $920,475.
- The CEO compensation structure within the organization is not based on a review and approval from an impartial entity.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 5 independent voting members.
- The organization was formed in 2018.
- 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 O.
- The organization pays $25,000 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has a written whistleblower policy.
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