Ventures In Education Inc
- Assets
- $561.5k
- Revenue
- $31.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1991
- Data as of
- 06/2019
- EIN
- 13-3569382
Organization Overview
Ventures In Education Inc is located in New York, NY. The organization was established in 1991. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ventures In Education Inc 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 06/2019, Ventures In Education Inc generated $31.3k 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 (23.0%) each year. All expenses for the organization totaled $43.9k during the year ending 06/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
VENTURES IN EDUCATION (VENTURES) WAS INCORPORATED IN JULY 1990 IN NEW YORK STATE AS A NOT-FOR-PROFIT EDUCATIONAL ORGANIZATION. ASSIST UNDERREPRESENTED HIGH SCHOOL STUDENTS TO HIGHER EDUCATION TO PREPARE FOR SCIENCE AND/OR MATH CAREERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROJECTS TO PROMOTE EDUCATIONAL REFORM OF MATHEMATICS AND SCIENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David L Luke III Director | Trustee | 5 | $0 |
Donald Schnabel Director | Trustee | 5 | $0 |
Maxine E Bleich President/ Director | Trustee | 40 | $0 |
Barbara A Green Ph D Acting Cha | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| 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 | $31,324 |
| Statement of Expenses | |
|---|---|
| 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 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 | $4,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,534 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,080 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $567 |
| All other expenses | $1,591 |
| Total functional expenses | $43,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,971 |
| Savings and temporary cash investments | $53,379 |
| Pledges and grants receivable | $2,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $561,548 |
| Accounts payable and accrued expenses | $309,935 |
| 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 | $750,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,059,935 |
| Net assets without donor restrictions | -$551,047 |
| Net assets with donor restrictions | $2,660 |
| Capital stock or trust principal, or current funds | $50,000 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | -$498,387 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Student Sponsor Partnership Inc New York, NY | $20,973,372 | $7,857,689 |
Walnut Hill Properties Corporation Medford, MA | $18,573,338 | $2,951,410 |
Needham Education Foundation Inc Needham, MA | $1,774,391 | $313,155 |
Justice Resource Center New York, NY | $2,558,797 | $417,469 |
Rural Education Action Project Montpelier, VT | $184,755 | $231,248 |
The York County Alliance For Learning York, PA | $117,711 | $0 |
Mission Hill Community School Council Inc Boston, MA | $8,257 | $0 |
Ventures In Education Inc New York, NY | $561,548 | $31,324 |
Three Rivers Area Labor Management Committee Inc Canonsburg, PA | $9,813 | $0 |
Meadville Area Chamber Of Commerce Foundation Meadville, PA | $61,333 | $0 |
Westchester County Association Of Municipal Public Works Scarsdale, NY | $134,412 | $0 |
Reid Fam Foundation Lockport, NY | $477,495 | $20,653 |