Venture Lititz
- Assets
- $246.3k
- Revenue
- $222.8k
- Investments
- $0.0
- Employees
- 2
- Location
- Lititz, PA
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 20-3826812
Organization Overview
Venture Lititz is located in Lititz, PA. The organization was established in 2006. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Venture Lititz employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venture Lititz 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 Lititz generated $222.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $95.9k during the year ending 12/2021. 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
PROMOTE AND DEVELOP THE DOWNTOWN BUSINESS DISTRICT LOCATED IN LITITZ, PENNSYLVANIA
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS PROMOTIONS AND PROGRAMS TO PROMOTE DOWNTOWN LITITZ AS A DESIRABLE PLACE TO LIVE, SHOP AND VISIT AND DEVELOP AND EXECUTE A PLAN TO GROW THE ECONOMIC BASE OF THE LITITZ BUSINESS DISTRICT.
THE GOAL OF VENTURE LITITZ IS TO MARKET THE DOWNTOWN LITITZ AREA AS A DESIRABLE PLACE TO LIVE, SHOP, VISIT, AND INVEST. THE ORGANIZATION ESTABLISHED A DOWNTOWN FARMERS MARKET BEGINNING IN 2008. THIS MARKET PROVIDES BOROUGH RESIDENTS WITH A PEDESTRIAN ACCESSIBLE LOCATION TO PURCHASE FRESH PRODUCE AND OTHER FARM RELATED GOODS. THE MARKET CREATES VISABILITY AND TANGIBILITY OF THE IMPORTANCE OF AGRICULTURE IN THE LITITZ AREA AS WELL AS INCREASING FOOT TRAFFIC WITHIN THE DOWNTOWN BUSINESS DISTRICT. ACTIVITY FOR 2020 WAS GREATLY IMPACTED DUE TO COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rebecca L Branle Executive Director | Trustee | 40 | $25,962 |
Jim Wenger President | OfficerTrustee | 4 | $0 |
Donna Felton Vice-President | OfficerTrustee | 2 | $0 |
Sheri Garman Treasurer | OfficerTrustee | 2 | $0 |
Timothy Geiger Secretary | OfficerTrustee | 0.5 | $0 |
Mark Hough Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $96,781 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,845 |
| Total Program Service Revenue | $0 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $64,081 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $222,752 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $25,962 |
| Compensation of current officers, directors, key employees. | $25,962 |
| Compensation to disqualified persons | $33,511 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,124 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,915 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,645 |
| Office expenses | $397 |
| Information technology | $12,664 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,095 |
| 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 | $2,067 |
| All other expenses | $371 |
| Total functional expenses | $95,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $158,350 |
| Savings and temporary cash investments | $87,963 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $246,313 |
| Accounts payable and accrued expenses | $5,673 |
| 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 | $88,784 |
| Total liabilities | $94,457 |
| Net assets without donor restrictions | $145,832 |
| Net assets with donor restrictions | $6,024 |
| 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 | $246,313 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Venture Lititz has recieved totaling $58.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Joan Mitchell Foundation Inc New York, NY | $163,093,074 | $7,287,755 |
African American Cultural Center Pittsburgh, PA | $15,275,830 | $8,128,417 |
Pioneer Works Art Foundation Brooklyn, NY | $17,838,425 | $7,041,619 |
St Anns Warehouse Inc Brooklyn, NY | $32,618,208 | $8,833,127 |
Mount Carmel Guild Education Newark, NJ | $2,668,838 | $6,215,422 |
One Club For Creativity Inc New York, NY | $23,237,696 | $9,988,732 |
Judd Foundation New York, NY | $82,389,087 | $7,883,436 |
Guild Hall Of East Hampton Inc East Hampton, NY | $35,896,554 | $17,394,413 |
Seward Johnson Atelier Inc Hamilton, NJ | $66,063,145 | $5,452,215 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
Boris Lurie Art Foundation Wilmington, DE | $0 | $786,286 |