Venezuela Now Inc
- Assets
- $392.0k
- Revenue
- $770.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Acworth, GA
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 20-0508609
Organization Overview
Venezuela Now Inc is located in Acworth, GA. The organization was established in 2004. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Venezuela Now Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venezuela Now 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 12/2021, Venezuela Now Inc generated $770.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.3% each year . All expenses for the organization totaled $710.3k during the year ending 12/2021. While expenses have increased by 6.4% 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
MINISTRY TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
MINISTRY TRAINING IN VENEZUELA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Dunn Vice President | Trustee | 20 | $45,600 |
Warren Lathem President | Trustee | 5 | $0 |
Beckie Shirley Treasurer | Trustee | 5 | $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 | $770,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $770,269 |
| Total Program Service Revenue | $0 |
| Investment income | $49 |
| 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 | $770,318 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $486,990 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,800 |
| Pension plan accruals and contributions | $17,000 |
| Other employee benefits | $14,189 |
| Payroll taxes | $4,218 |
| Fees for services: Management | $5,545 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $950 |
| Office expenses | $11,393 |
| Information technology | $10,523 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,709 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $601 |
| Insurance | $0 |
| All other expenses | $3,563 |
| Total functional expenses | $710,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,336 |
| Savings and temporary cash investments | $142,372 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $301 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $392,009 |
| Accounts payable and accrued expenses | -$7,371 |
| 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 | $65,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $57,629 |
| Net assets without donor restrictions | $334,380 |
| Net assets with donor restrictions | $0 |
| 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 | $392,009 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Venezuela Now Inc has recieved totaling $665,328.
| Awarding Organization | Amount |
|---|---|
Kingsway Charities Inc Bristol, VA PURPOSE: Global healthcare | $449,961 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $201,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $9,175 |
White Family Foundation Inc Dalton, GA PURPOSE: CHARITABLE | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $192 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Operation Compassion A Tennessee Non-Profit Corporation Cleveland, TN | $18,764,537 | $70,147,882 |
Cross International Inc Pompano Beach, FL | $1,626,437 | $52,631,066 |
Martha Obryan Center Inc Nashville, TN | $41,203,339 | $31,115,116 |
Ligonier Ministries Inc Sanford, FL | $54,142,799 | $25,858,613 |
Ravi Zacharias International Ministries Norcross, GA | $12,439,416 | $25,742,588 |
Inspiritus Inc Atlanta, GA | $4,563,820 | $17,981,504 |
Rescue Missions Ministries Inc Durham, NC | $22,198,926 | $18,805,895 |
Lifeshape Inc Atlanta, GA | $41,056,311 | $15,846,732 |
Haggai International Institute For Advanced Leadership Training Inc Peachtree Corners, GA | $41,354,774 | $16,620,781 |
Insideout Community Ministries Inc Clearwater, FL | $52,422,753 | $11,970,498 |
Elam Ministries Inc Alpharetta, GA | $5,679,728 | $12,042,641 |
Paramount Church Inc Palm Beach, FL | $0 | $8,970,572 |