Ventures Unlimited Inc
- Assets
- $3.3m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 177
- Location
- Shell Lake, WI
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 39-1593285
Organization Overview
Ventures Unlimited Inc is located in Shell Lake, WI. The organization was established in 1989. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Ventures Unlimited Inc employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ventures Unlimited 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 12/2022, Ventures Unlimited Inc generated $2.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $2.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING INNOVATIVE SERVICES FOR INDIVIDUALS WITH DISABILITIES SO THEY MAY LEAD MEANINGFUL LIVES. VALUE STATEMENTS: 1. OPPORTUNITIES CREATE THE POSSIBILITY FOR GROWTH AND EMPOWERMENT; THEREFORE, ALL PEOPLE HAVE THE RIGHT TO EQUAL OPPORTUNITIES - TO EXPERIENCE OR WITHDRAW, TO SUCCEED OR FAIL - WITH THEIR DECISION BEING RESPECTED. 2. OUR SUCCESS DEPENDS ON VALUING AND PRACTICING INCLUSION AND INTEGRATION IN THE COMMUNITY. 3. ALL PEOPLE HAVE THE RIGHT TO CHOOSE THE GOALS IN THEIR LIFE. 4. ALL PEOPLE HAVE THE RIGHT TO BE TREATED WITH DIGNITY AND RESPECT. 5. ALL PEOPLE HAVE A RESPONSIBILITY TO EXPRESS THEIR NEEDS WITH THE SECURITY OF KNOWING THEY WILL BE HEARD AND THAT WE WILL ADVOCATE FOR THOSE WHO CANNOT COMMUNICATE ON THEIR OWN. 6. WE SELECT AND VALUE DEDICATED, QUALIFIED STAFF AND BOARD MEMBERS WHO BELIEVE IN THE PHILOSOPHY OF VENTURES UNLIMITED, INC. 7. WE STRIVE TO CREATE AN ATMOSPHERE OF CREATIVITY AND TEAMWORK. 8. ALL PEOPLE ARE UNIQUE, WITH THEIR OWN ABILITIES. 9. WE CHALLENGE OUR
Describe the Organization's Program Activity:
MEANINGFUL WORK IS ONE OF THE MOST IMPORTANT SERVICES WE PROVIDED DAILY TO OUR PARTICIPANTS WITH THE ULTIMATE GOAL BEING COMMUNITY EMPLOYMENT. OUR 165 CONSUMERS/EMPLOYEES DEPENDED ON US TO ENSURE THAT THEY LIVED AS INDEPENDENTLY AS POSSIBLE AND ACHIEVED THE ABILITY TO EARN A PAYCHECK, INCREASE THEIR INDEPENDENCE AND HAVE MEANING IN THEIR LIVES. ONE-ON-ONE INDIVIDUAL TRAINERS ASSISTED IN DESIGNING FUNCTIONAL EXCERCISES TO IMPROVE DAILY LIVING SKILLS AND WORK SITE-SUCCESSES. GROUP FITNESS AND SUPPORT GROUPS IMPLEMENTED A VARIETY OF ACTIVITIES AND PROGRAMS SUCH AS STRENGTH TRAINING, AEROBICS, BALANCE TRAINING, BALLROOM DANCING AND OUTDOOR ACTIVITIES THAT INCORPORATED FUN TO HELP SUPPORT THE CO-WORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Ringwelski Chairman | OfficerTrustee | 2 | $0 |
Vern Lokken Vice Chair/s | OfficerTrustee | 2 | $0 |
Wayne Kupsch Director | Trustee | 1 | $0 |
Phil Soltis Director | Trustee | 1 | $0 |
Robert Washkuhn Director | Trustee | 1 | $0 |
Barb Muench Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $170,985 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $282,850 |
| Total Program Service Revenue | $2,191,982 |
| Investment income | $5,105 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,169 |
| Net Gain/Loss on Asset Sales | $8,675 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $319,361 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,806,929 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,577,477 |
| Pension plan accruals and contributions | $35,552 |
| Other employee benefits | $116,942 |
| Payroll taxes | $117,089 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,160 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,636 |
| Office expenses | $111,121 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,643 |
| Travel | $86,021 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,489 |
| Interest | $9,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,549 |
| Insurance | $62,324 |
| All other expenses | -$18,394 |
| Total functional expenses | $2,383,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $957,461 |
| Savings and temporary cash investments | $349,010 |
| Pledges and grants receivable | $127,939 |
| Accounts receivable, net | $221,486 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $31,057 |
| Prepaid expenses and deferred charges | $12,144 |
| Net Land, buildings, and equipment | $1,593,776 |
| Investments—publicly traded securities | $3,855 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $51,180 |
| Total assets | $3,347,908 |
| Accounts payable and accrued expenses | $196,153 |
| 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 | $205,812 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $99,533 |
| Total liabilities | $501,498 |
| Net assets without donor restrictions | $2,632,978 |
| Net assets with donor restrictions | $213,432 |
| 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 | $3,347,908 |