2018-10-01T16:51:02-04:00 2017-12-31 821276091 Amy E Corcoran CPA LLC 1333 Soldiers Street New Orleans LA 70122 990 2017-01-01 463169470 CAMELBACK VENTURES CAME 643 MAGAZINE STREET NEW ORLEANS LA 70130 AARON WALKER EXECUTIVE DIREC 2153411601 2018-10-01 true Amy Corcoran P01078383 5049577474 2018-10-01 X 98.163.218.91 2018-10-22 17:36:41 7212842018295p3pjlf2 2018-10-22 P 64054BF2F6E565AC25FDE5E03028E184A9A05E7C 64054BF2F6E565AC25FDE5E03028E184A9A05E7C 2017 2018-06-14 16:35:46Z AARON WALKER 1773012 false X WWW.CAMELBACKVENTURES.ORG X 2013 LA CAMELBACK VENTURES VISION IS TO CREATE LIVABLE COMMUNITIES, QUALITY EDUCATION, AND ECONOMIC OPPORTUNITY FOR EVERYONE IN ONE GENERATION. 4 3 7 25 0 0 1585323 1756491 15823 821 698 800 0 1586944 1773012 125108 360000 0 387301 462997 0 40013 343522 537410 855931 1360407 731013 412605 1624999 2072937 2603 48006 1622396 2024931 CAMELBACK VENTURES VISION IS TO CREATE LIVABLE COMMUNITIES, QUALITY EDUCATION, AND ECONOMIC OPPORTUNITY FOR EVERYONE IN ONE GENERATION. false false 1185210 360000 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 36 EDUCATION-RELATED ENTREPRENEURS 92% IDENTIFIED AS PEOPLE OF COLOR AND 63% AS WOMEN. COLLECTIVELY, THEY HAVE GONE ON TO RAISE $14 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. THE 2016 COHORT HAS COLLECTIVELY MORE THAN DOUBLED THEIR PERMANENT EMPLOYEES AND EXPECTED REVENUE. 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. 34789 THE DEVELOPMENT AND ONGOING IMPROVEMENT OF THIS FOUNDATIONAL CURRICULUM HAS POISED CAMELBACK TO ADVANCE TO PHASE II PORTFOLIO: LIVABLE COMMUNITIES - NAMELY, THE GOOD JOBS INITIATIVE. CAMELBACK HAS BEEN CALLED TO ACTION FOR THIS BY UNACCEPTABLE STATISTICS SUCH AS CHILDHOOD POVERTY RETURNING TO PRE-KATRINA LEVELS, DESPITE THE WAVE OF EDUCATION INNOVATION. WHILE EDUCATION IS A CRITICAL INGREDIENT, MORE IS REQUIRED. THE GOOD JOBS INITIATIVE WILL SUPPORT LOCAL ENTREPRENEURS WITH TRANSFORMATIVE VENTURES THAT WILL CREATE EQUITABLE ECONOMIC OPPORTUNITY AND WEALTH CAPACITY. 217 15823 FINALLY, CAMELBACK RECOGNIZES THAT GENIUS IS EQUALLY DISTRIBUTED, BUT ACCESS IS NOT. ECOSYSTEM SEEKS TO ENSURE THAT UNTAPPED COMMUNITIES -- ESPECIALLY COMMUNITIES OF COLOR -- DO NOT JUST CONSUME THE FUTURE, BUT THAT CAMELBACK INVESTS IN THE UNTAPPED ENTREPRENEURS WHO ARE CREATING IT. TO CREATE THIS VISION, ECOSYSTEM IS A PROJECT POWERED BY CAMELBACK VENTURES TO BUILD THE COMMUNITY OF PEOPLE THAT CAN BRING TOGETHER THEIR TIME, TALENT AND TREASURE TO INVEST IN EACH OTHER. 1220216 true true false false false false false false false false true false true false false false false false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 19 0 true 7 true false false false false false false false false false false false false X 4 3 false false false false false false false true true false false true true true true false true true true false LA X AARON WALKER 2153411601 643 MAGAZINE STREET NO 206 NEW ORLEANS LA 70130 AARON WALKER EXECUTIVE DIRECTOR 40.00 0.00 X X 138188 0 16994 SAMANTHA BERG BOARD MEMBER 1.00 0.00 X 0 0 0 LLOYD JOHNSON BOARD MEMBER 1.00 0.00 X 0 0 0 CHINTAN PANCHAL BOARD MEMBER 1.00 0.00 X 0 0 0 138188 0 16994 1 false true false 1756491 1756491 ECOSYSTEM EDUCATION EVE 900099 15823 15823 15823 698 698 1773012 15823 0 698 X 360000 360000 402859 365059 18900 18900 30281 30595 -157 -157 29857 27187 1335 1335 9832 9832 314935 263420 44270 7245 1012 11 1001 1905 1905 107257 98857 8400 40946 26230 4186 10530 1918 14 506 1398 160 160 240 240 MEALS 14073 12595 997 481 ACCOMADATIONS - FELLOWSHIPS 19592 19592 PROFESSIONAL DEVELOPMENT 10301 8817 1484 DUES & SUBSCRIPTIONS 9369 1419 7950 5870 4515 1074 281 1360407 1220216 100178 40013 1217641 1564886 10067 750 390 600 360 396691 507691 1624999 2072937 2603 48006 2603 48006 X 1622396 2024931 1622396 2024931 1624999 2072937 X 412605 -10070 X false false false X 19567 681329 1064765 1585323 1756491 5107475 19567 681329 1064765 1585323 1756491 5107475 3341678 1765797 151 883 1621 698 3353 5110828 18323 X 750 390 360 360 PROGRAM RELATED INVESTMENTS 507691 C 507691 true MINDRIGHT 3400 PROSPECT STREET NW WASHINGTON DC 20007 813042564 501C3 40000 TO ASSIST IN STARTUP OF NONPROFIT BRIDGING EDUCATION & ART TOGETHER 4402 23RED STREET SUITE 301 LONG ISLAND CITY NY 11101 274244192 501C3 40000 TO ASSIST IN STARTUP OF NONPROFIT CRETE ACADEMY 5125 CRENSHAW BLVD LOS ANGELES CA 90043 813735306 501C3 40000 TO ASSIST IN STARTUP OF NONPROFIT TRAINING GROUNDS INC 3526 STANTON ROAD SE WASHINGTON DC 20020 421652107 501C3 40000 TO ASSIST IN STARTUP OF NONPROFIT HOW OUR LIVES LINK ALTOGETHER 510 GATES AVENUE BROOKLYN NY 11216 461020254 501C3 40000 TO ASSIST IN STARTUP OF NONPROFIT SIDE PROJECT 980 NORTH FEDERAL HIGHWAY SUITE 11 BOCA RATON FL 33432 460769403 501C3 40000 TO ASSIST IN STARTUP OF NONPROFIT WEIRD ENOUGH COMPANY 3639 TRINITY PLACE LITHONIA GA 30038 821118409 501C3 40000 TO ASSIST IN STARTUP OF NONPROFIT THE FELLOWSHIP BMEC INC 2218 GEORGES LANE PHILADELPHIA PA 19131 810871452 501C3 40000 TO ASSIST IN STARTUP OF NONPROFIT HACKSCHOOL 1360 WILLIAMS STREET UNIT 307 DENVER CO 80218 475606568 501C3 40000 TO ASSIST IN STARTUP OF NONPROFIT 9 Monitoring procedures (Part I, line 2) THE GRANTEES RECEIVE PREDEFINED TRAUNCHES OF FUNDING AS CERTAIN METRICS ARE MET. INVESTOR CONFERENCE CALLS ARE SET UP BETWEEN THE GRANTEES AND THE CAMELBACK VENTURES EXPERTS FOR REPORTING ON HOW THE GRANTEES SPENT THE PREVIOUS FUNDS AND HOW THEY ARE PROGRESSING WITH THEIR START-UP NONPROFIT ORGANIZATIONS. IF CERTAIN CRITERIA IS MET, THE NEXT TRAUNCH OF FUNDS WILL BE GIVEN TO THE GRANTEES. X X X X X X false false false false false false false false false AARON WALKER EXECUTIVE DIRECTOR 138188 16994 155182 Form 990 governing body review Part VI line 11 DISTRIBUTED TO BOARD FOR REVIEW PRIOR TO FILING Conflict of interest policy compliance Part VI line 12c THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY TO ENSURE THAT IT IS FOLLOWED. CEO executive director top management comp Part VI line 15a THE ANNUAL PROCESS FOR DETERMINING COMPENSATION OF THE CEO IS AS FOLLOWS: CAMELBACK SHALL, AS A FULL BOARD, ANNUALLY EVALUATE THE CEO ON HIS/HER PERFORMANCE AGAINST ESTABLISHED GOALS AND EMPLOYEE INPUT, AND ASK FOR HIS/HER INPUT ON MATTERS OF PERFORMANCE AND COMPENSATION. THE BOARD PRESIDENT AND/OR HIS DESIGNEE WILL OBTAIN RESEARCH AND INFORMATION TO MAKE A RECOMMENDATION TO THE FULL BOARD FOR THE COMPENSATION BASED UPON A REVIEW OF COMPARABILITY DATA. THIS DATA MAY INCLUDE THE FOLLOWING: SALARY AND COMPENSATION STUDIES BY INDEPENDENT SOURCES, WRITTEN JOB OFFERS FOR POSITIONS AT SIMILIAR ORGANIZATIONS, DOCUMENTED TELEPHONE CALLS ABOUT SIMILAR POSITIONS AT OTHER ORGANIZATIONS, AND INFORMATION OBTAINED FROM IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS. THE BOARD MUST DOCUMENT HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA WHICH IT RELIED ON, IN MINUTES OF THE MEETINGS DURING WHICH THE COMPENSATION WAS APPROVED. Other officer or key employee compensation Part VI line 15b THE POLICY FOR DETERMINING THE COMPENSATION OF ANY HIGHLY COMPENSATED EMPLOYEES OR CONSULTANTS IS THE SAME POLICY USED TO DETERMINE THE COMPENSATION OF THE CEO. Governing documents etc available to public Part VI line 19 UPON REQUEST Explanation of other changes in net assets or fund balances Part XI line 9 AN ADJUSTMENT OF $10,066 WAS MADE TO NET ASSETS TO PROPERLY TIE THE NET ASSETS ON THE TAX RETURN TO THE NET ASSETS ON THE ORGANIZATIONS FINANCIAL STATEMENTS. List of other fees for services expenses Part IX line 11g PROGRAM SERIVCECONSULTING SERVICES - ORGANIZATION $6,040CONSULTING SERVICES - FELLOWSHIP - $199,497CONSULTING SERVICES - SUMMIT I - $3,495CONSULTING SERVICES - SUMMIT II - $13,900CONSULTING SERVICES - SUMMIT III - $10,167MARKETING & CONSULTING - COLLATERAL - $10,558MARKETING & CONSULTING - EVENTS - $444MARKETING & CONSULTING - MISCELLANEOUS - $3,177MARKETING & CONSULTING - SUBSCRIPTIONS - $1,797MARKETING & CONSULTING - CONSULTANTS - $14,345MANAGEMENT & GENERALCONSULTING SERVICES - ORGANIZATION $8,750CONSULTING SERVICES - FELLOWSHIP - $35,490MARKETING & CONSULTING - SUBSCRIPTIONS - $30FUNDRAISINGCONSULTING SERVICES - ORGANIZATION $7,425 General explanation attachment FORM 990, PART VI, SECTION B, LINE 13THE ORGANIZATION IS CURRENTLY IN THE PROCESS OF ADOPTING A WHISTLEBLOWER POLICY.