Factor E Ventures Ltd
- Assets
- $40.5k
- Revenue
- $4.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Collins, CO
- Founding
- 03/2005
- Data as of
- 12/2023
- EIN
- 20-0334006
Organization Overview
Factor E Ventures Ltd is located in Fort Collins, CO. The organization was established in 2005. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Factor E Ventures 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 12/2023, Factor E Ventures Ltd generated $4.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (48.0%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
(SEE STATEMENT 8)FACTOR(E)'S EXEMPT PURPOSE IS THE DEVELOPMENT AND DISSEMINATION OF TECHNOLOGIES THAT REDUCE POLLUTION OR ENHANCE ENERGY EFFICIENCY IN DEVELOPING AREAS, THEREBY ENHANCING THE ENVIRONMENT AND PUBLIC HEALTH, FOSTERING ECONOMIC GROWTH AND ALLEVIATING POVERTY. IN 2023, WE EVALUATED SEVERAL TECHNOLOGIES THAT COULD ENHANCE THE ENERGY SERVICES AVAILABLE AT THE BASE OF THE PYRAMID; THAT WORK WAS SHARED WITH THE PHILANTHROPIC COMMUNITY THROUGH MULTIPLE CHANNELS AND HAS SERVED TO GUIDE FACTOR(E)'S STRATEGY FOR SUPPORTING TECHNOLOGIES MOVING FORWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bryan Willson Chairman | 1 | $0 | |
Paul Hudnut Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,334 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,418 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,752 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $680 |
| Total operating and administrative expenses | $6,850 |
| Contributions, gifts, grants paid | $1,732,629 |
| Total expenses and disbursements | $1,739,479 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,523 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $40,523 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Factor E Ventures Ltd has awarded $45,587 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TREES WATER PEOPLE PURPOSE: GENERAL SUPPORT | $15,000 |
CSU SOIL CARBON SOLUTIONS CENTER PURPOSE: GENERAL SUPPORT | $15,587 |
PROJECT DRAWDOWN PURPOSE: GENERAL SUPPORT | $15,000 |