Illinois Ventures For Community Action

Organization Overview

Illinois Ventures For Community Action is located in Springfield, IL. The organization was established in 1989. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Ventures For Community Action 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, Illinois Ventures For Community Action generated $38.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.4%) each year. All expenses for the organization totaled $209.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ADMINISTERS FEDERAL CSBG LOW-INTEREST LOAN PROGRAM AND EQUITY INVESTMENTS TO PROVIDE JOB CREATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IVCA ACTS AS AN INTERMEDIARY BETWEEN ILLINOIS COMMUNITY ACTION AGENCIES AND THE IL DEPT OF COMMERCE AND ECONOMIC OPPORTUNITY IN ADMINISTERING THE OPERATION OF COMMUNITY SERVICES BLOCK GRANT "D" CATEGORY FUNDS


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Board, Officers & Key Employees

Name (title)Compensation
Gina Strafford-Ahmed
President
$0
Mcfarland Bragg II
Treasurer
$0
Elizabeth Murphy
Vice President
$0
Amy Lyerla
Secretary
$0
Kevin Bushur
Board Member
$0
Lynn Petrelli
Board Member
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $14,629
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,400
Net Gain/Loss on Asset Sales $12,000
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $38,041

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