Access Ventures Inc

Organization Overview

Access Ventures Inc is located in Louisville, KY. The organization was established in 2014. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Access Ventures Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Access Ventures 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, Access Ventures Inc generated -$225.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $5.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Access Ventures Inc has awarded 63 individual grants totaling $4,182,456. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING INSECURITY: A MAJOR CONCERN FOR COMMUNITIES ACROSS THE COUNTRY THAT LEADS TO IMMENSE FAMILY INSTABILITY. VAST NUMBERS OF VACANT HOMES AND BUSINESSES DETERIORATE THE FABRIC OF A COMMUNITY BY INCREASED CRIME RATES, HIGHER COSTS TO THE TENANTS GIVEN NO OTHER OPPORTUNITY FOR RESIDENCE, AND MAKING IT DIFFICULT FOR BUSINESSES TO BE SUCCESSFUL. FALSE NARRATIVES RELATED TO THE HOUSING INSECURE ABOUND THAT LIMIT MANY ORGANIZATIONS ABILITY TO PROVIDE SERVICES. THEREFORE, WE WORK TO IDENTIFY AND SUPPORT EMERGING INTERVENTIONS THAT HELP MORE COMMUNITIES AND PEOPLE THRIVE. WE WORK TO SEE MORE PEOPLE IN MORE PLACES HAVE THE RESOURCES TO NOT ONLY SURVIVE, BUT TRULY THRIVE. WE ALSO WORK TO CHANGE THE NARRATIVE OF HOMELESSNESS THAT HOPEFULLY LEADS TO EMPATHY AND ACTION.


ACCESS TO THE ECONOMY: TRADITIONAL BANKING AND FINANCIAL SERVICES EXCLUDE MILLIONS OF INDIVIDUALS AND SMALL BUSINESSES. INCLUSION IN THESE FINANCIAL SYSTEMS LEADS TO GREATER INDIVIDUAL, FAMILY, AND COMMUNITY STABILITY. THEREFORE, WE INVEST IN COMPANIES AND PROGRAMS THAT IMPROVE ACCESS TO EQUITABLE CAPITAL, FINANCIAL SERVICES, AND THE DISTRIBUTIONS OF FUNDS BEYOND TRADITIONAL MEANS FOR BOTH PERSONAL AND BUSINESS FINANCING TO COUNTER THE EFFECTS OF PAYDAY LENDING AND IMPROVE OPPORTUNITIES FOR THE UNBANKED AND UNDERBANKED. ENTREPRENEURSHIP IS KEY TO AMERICAN DYNAMISM AND COMMUNITY FLOURISHING AND YET, ACCESS TO CAPITAL REMAINS ELUSIVE FOR MANY. THEREFORE, WE WORK TO CREATE ALTERNATIVE AND GEOGRAPHICALLY SPECIFIC STRUCTURES TO BUILD REGIONAL ECOSYSTEMS.


CREATIVE ECONOMY: WE BELIEVE THAT PEOPLE HAVE THE RIGHT TO REALIZE THEIR FULL POTENTIAL. AN ECONOMY THAT ENCOURAGES CREATIVITY ACCELERATES GROWTH AND LONG-TERM COMMUNITY VITALITY BY ENCOURAGING PEOPLE TO BE THEIR AUTHENTIC SELVES. THE CREATIVE ECONOMY SURFACES AND REDEEMS THE BELIEFS WE IDENTIFY WITH, AND THAT WE VALUE, AND EXPOSES THAT WHICH IS POSSIBLE. WE WORK INTENTIONALLY TO CREATE PROGRAMS THAT SUPPORT CREATORS AND THEIR CREATIVE DEVELOPMENT AS THEY MATURE IN THEIR CRAFT.


LEADERSHIP DEVELOPMENT: WE BELIEVE PEOPLE ARE AT THE HEART OF ANY TRANSFORMATIVE CHANGE IN A COMMUNITY, COMPANY AND CULTURE. THEREFORE, WE WORK TO BUILD LEADERS OF THE FUTURE BY IDENTIFYING AND SUPPORTING CHANGE LEADERS THROUGH, INCLUDING WITHOUT LIMIT, THE DEVELOPMENT OF CURRICULUM AND EDUCATIONAL EXPERIENCES THAT ENCOURAGE BUSINESS FOR THE COMMON GOOD AND INSPIRE LEADERS TO IMPACT THEIR COMMUNITIES AROUND THEM AND TO HAVE THE SKILLS AND CONFIDENCE TO EXPAND THEIR IMPACT.


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Board, Officers & Key Employees

Name (title)Compensation
Bryce Butler
President
$384,662
Terry Gill
Director
$0
Josh Albertson
Treasurer
$0
Mike Hynes
Director
$0
Grace Chung
Director
$0
Thomas Abood
Director Of Investme
$394,695

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Kertis Kreative
$356,750
Brushfire
$130,768
Common Pool Llc
$51,929
Pyxl Inc
$69,150
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $492,871
Interest on Savings $0
Dividends & Interest $437,341
Net Rental Income$0
Net Gain on Sale of Assets $163,947
Capital Gain Net Income $163,747
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income -$1,319,179
Total Revenue -$225,020

Grants Awarded

Over the last fiscal year, Access Ventures Inc has awarded $1,255,706 in support to 19 organizations.

Grant RecipientAmount

COMMUNITY FOUNDATION OF LOUISVILLE

PURPOSE: GENERAL FUNDS

$25,000

GALILEE COMMUNITY DEVELOPMENT CORPORATION

PURPOSE: GENERAL FUNDS

$97,278

GLOBAL ECONOMIC DIVERSITY DEVELOPMENT INITIATIVE

PURPOSE: GENERAL FUNDS

$30,000

M1 INSTITUTE

PURPOSE: GENERAL FUNDS

$185,000

HOSEA'S HOUSE

PURPOSE: GENERAL FUNDS

$12,000

ESTHER FUND INC

PURPOSE: GENERAL FUNDS

$30,000
View Grant Profile

Peer Organizations

Organization NameAssets
Act For Alexandria
Alexandria, VA
$6,601,837
Fund For Our Economic Future Of Northeast Ohio
Cleveland, OH
$5,222,809
Neighborhood Progress Inc
Cleveland, OH
$3,959,154
Upper Arlington Community Foundation Inc
Upper Arlington, OH
$3,171,364
Access Ventures Inc
Louisville, KY
-$225,020
Mid-America Regional Council Community Services Corporation
Kansas City, MO
$4,644,868
Kc Air Show Charities Inc
Kansas City, MO
$1,519,767
Generating Income For Tomorrow
Kansas City, MO
$1,133,745
Memphis Land Bank Inc
Memphis, TN
-$568,686
West Central Development Corporation
Perrysburg, OH
$2,398,385
Egbert M Freese Foundation
Galion, OH
$404,447
Bridging Virginia Inc
Richmond, VA
$884,884
Boilermaker Alliance Inc
Carmel, IN
$1,001,271
Tri-County Economic Development Charitable Corporation
Ft Mitchell, KY
$1,176,302
Speda Community Foundation Inc
Somerset, KY
$0
Ohio Cpa Foundation
Columbus, OH
$558,575
Thomas P And Sondra D Sheehan Charitable Foundation
Fishers, IN
$216,496
Friends Of Downtown
Charlottesville, VA
$528,281
Ellen E & Victor J Cohn Supporting Foundation
Cleveland, OH
$4,676
Joint Economic Development Initiative Of Southern Ohio
Jackson, OH
$415,275
Community Rewards Services
Lexington, OH
$350,064
Prince William County Community Foundation
Woodbridge, VA
$416,182
Heart Of America Redistribution Solutions And Support
Sedalia, MO
$131,520
Somernites Cruise Inc
Somerset, KY
$274,421
East Moline Public Library Foundation
East Moline, IL
$0

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