Community Ventures
- Assets
- $1.3m
- Revenue
- $125.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Fremont, CA
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 01-0919727
Organization Overview
Community Ventures is located in Fremont, CA. The organization was established in 2009. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Ventures is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Community Ventures generated $125.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $230.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROMOTE PRINCIPLES AND POLICIES FOR COMMUNITY ECONOMIC DEVELOPMENT THROUGH THE SUPPORT OF LOCALLY OWNED SMALL BUSINESSES THAT ARE ROOTED IN AND DEDICATED TO THE COMMUNITIES WHERE THEY ARE LOCATED AND THAT PREVENT LEAKAGE OF LOCAL DOLLARS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORCE FOR GOOD ACCELERATOR:1. HOSTED INVESTOR/DONOR UPDATES.
NEXT NOW COLLABORATION:1. NNC WAS A SPONSOR OF THE FIRST-EVER OVERVIEW EFFECT FILM FESTIVAL (OEFF). THE OEFF SCREENS COMPELLING INTERNATIONAL FILMS AND MEDIA PROJECTS THAT FEATURE THE OVERVIEW EFFECT BY RECOGNIZED AND EMERGING FILMMAKERS FROM ACROSS THE GLOBE. THIS SPONSORSHIP WAS PART OF OUR MISSION TO USE INFORMATION VISUALIZATION TO AMPLIFY THE CHANGES IN ATTITUDES CREATED BY SEEING EARTH FROM SPACE (THE "OVERVIEW EFFECT") TOWARDS GREATER CARE FOR OUR PLANET AND ALL LIFE.2. AS PART OF THIS SAME MISSION, NNC PROVIDED THE INITIAL FUNDS TO BEGIN DEVELOPMENT OF AN OVERVIEW SIMULATION MODEL. THIS NON-PROFIT PROJECT USES COMPUTER SIMULATIONS TO TEST THE RESILIENCE OF A BLUEPRINT FOR HUMAN EVOLUTION INTO THE SOLAR ECOSYSTEM, AND EXTENDS THE ORIGINAL "LIMITS TO GROWTH" SIMULATION FOR EARTH INTO THE SOLAR ECOSYSTEM TO TEST THE ENVIRONMENTAL IMPACT OF LARGE-SCALE SPACE MIGRATION (LSSM), PARTNERING WITH SOME OF THE ORIGINAL CREATORS OF THE "LIMITS TO GROWTH" SIMULATION. 3. FINALLY, NNC WAS THE SOLE FINANCIAL SUPPORTER OF SPACE FOR HUMANITY'S 2022 CITIZEN ASTRONAUT (S4HCA) TRAINING PROGRAM. THIS NON-PROFIT PROGRAM PROVIDED FREE TRAINING TO S4H CITIZEN ASTRONAUTS TRAVELING WITH BLUE ORIGIN FLIGHT PROVIDER, INCLUDING VIDEO SIMULATIONS OF THE OVERVIEW EFFECT EXPERIENCE, TO OPTIMIZE THEIR COGNITIVE AND EMOTIONAL OPENNESS TO A TRANSFORMATIONAL EXPERIENCE, AS WELL AS PROVIDING LEADERSHIP PREPARATION FOR EXECUTING MEASURABLE SOCIAL IMPACT GOALS UPON THEIR RETURN FROM LOW EARTH ORBIT (LEO). THE FIRST MEXICAN-BORN WOMAN AND THE YOUNGEST AMERICAN WOMAN TO TRAVEL TO SPACE, KATYA ECHAZARRETA, AS WELL AS THE FIRST EGYPTIAN TO GO TO SPACE, SARA SABRY, BOTH WENT THROUGH THIS NNC SUPPORTED PROGRAM.
DISMANTLE COLLECTIVE:1. APPLYING TO SEVERAL GRANTS.2. CLARIFYING OUR FRAMEWORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Kassan President | OfficerTrustee | 3 | $0 |
William Stern Sec. And Treas. | OfficerTrustee | 1 | $0 |
Lisa Hatamoto Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $76,249 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $76,249 |
| Total Program Service Revenue | $0 |
| Investment income | $49,441 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,528 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,444 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,532 |
| Advertising and promotion | $192 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $927 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,180 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,184 |
| Insurance | $1,600 |
| All other expenses | $315 |
| Total functional expenses | $229,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $340,974 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $818,037 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $592 |
| Other assets | $118,227 |
| Total assets | $1,277,830 |
| Accounts payable and accrued expenses | $24,309 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $1,082,397 |
| Other liabilities | $24 |
| Total liabilities | $1,106,730 |
| Net assets without donor restrictions | $45,188 |
| Net assets with donor restrictions | $125,912 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,277,830 |
Grants Awarded
Over the last fiscal year, Community Ventures has awarded $53,028 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
LC & LILLIE COX HAVEN OF HOPE PURPOSE: TO SUPPORT RACIAL DIVERSITY | $16,828 |
SPACE FOR HUMANITY PURPOSE: TO SHARE VIEW OF EARTH FROM SPACE | $36,200 |