Venture Foundation Ltd
- Assets
- $2.8m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Sparkill, NY
- Founding
- 09/1994
- Data as of
- 12/2021
- EIN
- 13-3212023
Organization Overview
Venture Foundation Ltd is located in Sparkill, NY. The organization was established in 1994. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Venture Foundation Ltd employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venture Foundation Ltd 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 12/2021, Venture Foundation Ltd generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.4% each year . All expenses for the organization totaled $618.0k during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VENTURE FOUNDATION IS A NOT-FOR-PROFIT WHOSE PRIMARY PURPOSE IS TO SOLICIT AND DISBURSE FUNDS IN SUPPORT OF INDIVIDUALS WITH DEVELOPMENTAL DISIBILITIES, OWN PROPERTY AND ACT AS CONSERVATOR OR GUARDIANS OF INDIVIDUALS WITH DEVELOPMENTAL DISIBILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
VENTURE FOUNDATION IS DEDICATED TO SUPPLEMENTING THE DELIVERY OF SERVICES TO CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES IN THE ROCKLAND COUNTY COMMUNITY AND ASSISSTING BOTH NON-PROFIT AND INDIVIDUAL EFFORTS COMMITTED TO THE SAME OBJECTIVE. THIS ORGANIZATION SEEKS TO TARGET ITS SUPPORT TO ALL TYPES OF INDIVIDUALSWITH DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES; WHETHER SINGLY OR AS PART OF A GROUP. OUR METHODOLOGY IS TO SOLICIT FUNDS FROM PRIVATE CITIZENS, CHARITABLE TRUSTS, CORPORATE OR PRIVATE FOUNDATIONS, AS WELL AS THROUGH FUNDRAISING EVENTS AND PROGRAMS. FUNDS ARE MANAGED AND DIRECTED FOR THE BENEFIT OF CHILDREN AND ADULTS WITH DEVELOPMENTAL DISABILITIES, INCLUDING THE PROVISION OF RESOURCES FOR ENHANCED OR UNFUNDED PROGRAMS AND FOR THE DEVELOPMENT OF NEW FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William W Schule Executive Dir. | OfficerTrustee | 40 | $114,472 |
Denis Harte Treasurer | OfficerTrustee | 1 | $0 |
Joseph Condon President | OfficerTrustee | 1 | $0 |
Amy Piperato Board Member | Trustee | 1 | $0 |
Robert Axelrod Board Member | Trustee | 1 | $0 |
Jeffrey Johnston Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $84,084 |
| Related organizations | $0 |
| Government grants | $48,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $598,378 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $730,587 |
| Total Program Service Revenue | $0 |
| Investment income | $41,606 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $237,021 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,026,205 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $193,811 |
| 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. | $123,791 |
| Compensation of current officers, directors, key employees. | $18,289 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $117,376 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,288 |
| Fees for services: Management | $6,062 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,614 |
| Advertising and promotion | $103 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,114 |
| Insurance | $7,545 |
| All other expenses | $7,172 |
| Total functional expenses | $618,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $893,519 |
| Pledges and grants receivable | $2,329 |
| Accounts receivable, net | $50,501 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,310 |
| Net Land, buildings, and equipment | $51,734 |
| Investments—publicly traded securities | $968,857 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $799,828 |
| Total assets | $2,772,078 |
| Accounts payable and accrued expenses | $267,364 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $267,364 |
| Net assets without donor restrictions | $2,314,877 |
| Net assets with donor restrictions | $189,837 |
| 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 | $2,772,078 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Venture Foundation Ltd has recieved totaling $126,489.
| Awarding Organization | Amount |
|---|---|
Independent Charitable Gift Fund Hudson, OH PURPOSE: GENERAL SUPPORT | $100,000 |
Monsignor James F Cox Charitable Tr Norwich, NY PURPOSE: GENERAL SUPPORT | $26,349 |
Joseph L Vozza Family Foundation Inc Ponte Vedra Beach, FL PURPOSE: SUPPORT INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |