Teen Venture
- Assets
- $805.4k
- Revenue
- $16.8k
- Investments
- $0.0
- Employees
- 5
- Location
- Richlands, VA
- Founding
- 12/2003
- Data as of
- 12/2021
- EIN
- 41-2028930
Organization Overview
Teen Venture is located in Richlands, VA. The organization was established in 2003. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Teen Venture employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Teen 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, Teen Venture generated $16.8k 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 (17.4%) each year. All expenses for the organization totaled $85.4k 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
PROVIDING A CENTER TO DEVELOP INTEREST AREAS FOR YOUTH IN MIDDLE SCHOOL TO TWENTY YEARS OF AGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE OPERATION OF TEEN VENTURE'S CENTER AND IT'S MISSION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Runie J Mensche Executive Director | Trustee | 40 | $13,523 |
Heather R Cook Executive Director (former) | Trustee | 40 | $6,000 |
Mike Ratliff President | Officer | 1 | $0 |
Matthew Vance Chairman (current) | Officer | 2 | $0 |
Lee Wise Chairman (former) | Officer | 1 | $0 |
Rita Stacey Ramey Treasurer | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $263 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,861 |
| Noncash contributions included in lines 1a–1f | $2,030 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,624 |
| Total Program Service Revenue | $0 |
| Investment income | $111 |
| 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 | $16,798 |
| 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. | $19,523 |
| Compensation of current officers, directors, key employees. | $3,229 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,536 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,195 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,494 |
| Travel | $0 |
| 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 | $45,379 |
| Insurance | $7,073 |
| All other expenses | $25 |
| Total functional expenses | $85,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,415 |
| Savings and temporary cash investments | $25,371 |
| 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 | $146 |
| Net Land, buildings, and equipment | $709,051 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $64,439 |
| Total assets | $805,422 |
| Accounts payable and accrued expenses | $1,098 |
| 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 | $0 |
| Total liabilities | $1,098 |
| Net assets without donor restrictions | $729,435 |
| Net assets with donor restrictions | $74,889 |
| 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 | $805,422 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Teen Venture has recieved totaling $8.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $8 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bretton Woods Recreation Center Inc Germantown, MD | $12,283,354 | $6,533,132 |
Emily Krzyzewski Family Life Center Inc Durham, NC | $20,182,239 | $3,389,390 |
Woods Community Center Inc Severna Park, MD | $5,541,119 | $2,298,146 |
Louisville Central Community Center Inc Louisville, KY | $9,005,846 | $2,345,144 |
Burkwood Recreation Association Inc Mechanicsville, VA | $4,730,258 | $2,143,788 |
Recreation Vehicle Dealers Association Of North America Fairfax, VA | $5,938,540 | $2,136,084 |
University Of North Carolina Faculty-Staff Recreation Associati Chapel Hill, NC | $5,306,904 | $2,177,390 |
Yuma Study Center Inc Washington, DC | $17,833,358 | $1,267,842 |
Bel Air Recreation Committee Inc Bel Air, MD | $641,165 | $1,306,096 |
Kanawha Recreation Association Henrico, VA | $2,872,529 | $951,606 |
Greater Louisville Sports Commission Louisville, KY | $511,809 | $944,305 |
Larry Joe Harless Community Center Foundtion Gilbert, WV | $1,498,509 | $953,584 |