Venture
- Assets
- $4.9m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 11
- Location
- Burnsville, MN
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 41-1720155
Organization Overview
Venture is located in Burnsville, MN. The organization was established in 1992. 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, Venture employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venture 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 generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $5.4m during the year ending 12/2021. While expenses have increased by 11.5% 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.
Since 2019, Venture has awarded 16 individual grants totaling $780,197. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE SPEND OUR GREATEST ENERGY ON THE WORLD'S GREATEST NEEDS AS AN ACTIVE RESPONSE TO THE GOSPEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VENTURE PLAYS A DIRECT ROLE IN PROMOTING BIBLICAL JUSTICE THROUGH ORGANIZING TRIPS AND SENDING SHORT-TERM MISSION TEAMS INTO STRATEGIC LOCATIONS. THE ORGANIZATION ACCOMPLISHES ITS MISSION BY RAISING AWARENESS AND FUNDS THROUGH ENDURANCE CHALLENGES AND PHYSICAL SACRIFICE. PHYSICAL CHALLENGES, INCLUDING BIKING ACROSS CONTINENTS, RUNNING ACROSS STATES, EATING RICE AND BEANS FOR A WEEK, OR CLIMBING FIVE MOUNTAINS IN FIVE DAYS HAVE RAISED FINANCIAL SUPPORT AND REORIENTED THE LIVES OF PARTICIPANTS AROUND CHRIST'S MISSION TO SERVE THE POOR AND VULNERABLE. ONCE ON THE GROUND, THE VENTURE TEAMS SERVE IN A VARIETY OF WAYS. THE TEAMS TEACH SEMINARS, HOLD PASTOR CONFERENCES, DISTRIBUTE BIBLES, RUN YOUTH CAMPS, LEAD SERVICE PROJECTS, PERFORM RELIEF WORK IN REFUGEE CAMPS, ASSIST WITH ORPHANAGES, TEACH ENGLISH AS A SECOND LANGUAGE CLASSES, AND DISTRIBUTE GOSPEL MATERIALS. THE TEAMS ALSO WORK TO RAISE AWARENESS OF ISSUES LIKE THE NEED FOR CLEAN WATER, AND THE HORROR OF HUMAN TRAFFICKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Hurckman Executive Director | OfficerTrustee | 40 | $97,154 |
Tim Skoog Chairman Of The Board | OfficerTrustee | 5 | $0 |
Ryan Skoog President, CEO | OfficerTrustee | 5 | $0 |
Brad Ahlm Treasurer | OfficerTrustee | 5 | $0 |
Linda Furry Secretary | OfficerTrustee | 5 | $0 |
Tom Tomlinson Member | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $313,606 |
| Related organizations | $0 |
| Government grants | $140,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,016,777 |
| Noncash contributions included in lines 1a–1f | $2,170,022 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,470,538 |
| Total Program Service Revenue | $0 |
| Investment income | $68,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,097 |
| Net Income from Fundraising Events | -$8,913 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,516,603 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $417,199 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,270,010 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $99,440 |
| Compensation of current officers, directors, key employees. | $23,427 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $585,801 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $133,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,261 |
| Fees for services: Accounting | $37,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,168 |
| Fees for services: Other | $0 |
| Advertising and promotion | $25,281 |
| Office expenses | $381 |
| Information technology | $32,404 |
| Royalties | $0 |
| Occupancy | $22,343 |
| Travel | $22,090 |
| 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 | $34,542 |
| Insurance | $89,063 |
| All other expenses | $22,946 |
| Total functional expenses | $5,424,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,147,073 |
| Savings and temporary cash investments | $0 |
| 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 | $457,254 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $147,391 |
| Investments—publicly traded securities | $2,121,559 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,500 |
| Other assets | $0 |
| Total assets | $4,889,777 |
| Accounts payable and accrued expenses | $48,190 |
| Grants payable | $457,229 |
| 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 | $81,582 |
| Other liabilities | $0 |
| Total liabilities | $587,001 |
| Net assets without donor restrictions | $1,598,259 |
| Net assets with donor restrictions | $2,704,517 |
| 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 | $4,889,777 |
Grants Awarded
Over the last fiscal year, Venture has awarded $417,015 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
SPEED THE LIGHT PURPOSE: ANTI TRAFFICKING | $218,196 |
Burnsville, MN PURPOSE: FOOD SECURITY | $76,978 |
THE REEL HOPE PROJECT PURPOSE: FOOD SECURITY | $57,227 |
ICCM PURPOSE: ANTI TRAFFICKING | $46,015 |
ADSERVIO GLOBAL MINISTRIES PURPOSE: FOOD SECURITY | $12,677 |
GO CORPS PURPOSE: MOBILIZATION | $5,922 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Venture has recieved totaling $1,125,885.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: JUSTICE | $885,200 |
Project42 St Paul, MN PURPOSE: TO PROVIDE ACCESS TO THE GOSPEL. | $87,466 |
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $57,700 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $51,651 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, RELIGION | $37,300 |
Pioneering With Passion Ministries Ppm Inc Wolcott, CT PURPOSE: MISSIONS | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Loaves And Fishes Too Minneapolis, MN | $3,481,660 | $16,298,899 |
Pulse Outreach Minneapolis, MN | $16,852,358 | $21,090,149 |
Desiring God Ministries Minneapolis, MN | $8,654,171 | $9,657,693 |
American Lutheran Church-Northland Luthern Services For The Elderly Marinette, WI | $6,079,717 | $8,121,825 |
Freedom From Religion Foundation Inc Madison, WI | $25,982,708 | $9,398,786 |
Praying Pelican Missions Minneapolis, MN | $539,673 | $5,474,608 |
Venture Burnsville, MN | $4,889,777 | $6,516,603 |
Evangelical Lutheran Good Samaritan Foundation Sioux Falls, SD | $102,471,128 | $9,259,464 |
Christian Worship Hour Aberdeen, SD | $3,374,479 | $4,060,903 |
Luther Memorial Home Madelia, MN | $3,423,486 | $4,600,698 |
Barnabas International Elkhorn, WI | $2,407,026 | $3,476,922 |
Fargo Union Mission Inc Fargo, ND | $6,248,468 | $4,299,626 |