Camelback Ventures Inc
- Assets
- $17.6m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Garden City, ID
- Founding
- 06/2014
- Data as of
- 12/2022
- EIN
- 46-3169470
Organization Overview
Camelback Ventures Inc is located in Garden City, ID. The organization was established in 2014. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Camelback Ventures Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Camelback 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, Camelback Ventures Inc generated $5.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $4.9m during the year ending 12/2022. While expenses have increased by 28.4% 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 2016, Camelback Ventures Inc has awarded 99 individual grants totaling $3,291,800. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CAMELBACK VENTURES VISION IS TO CREATE LIVABLE COMMUNITIES, QUALITY EDUCATION, AND ECONOMIC OPPORTUNITY FOR EVERYONE IN ONE GENERATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMELBACK VENTURES SUPPORTS THE GROWTH AND EMPOWERMENT OF LIVABLE COMMUNITIES; OUR TOOL OF CHANGE IS ENTREPRENEURSHIP. WE PROVIDE A RIGOROUS ACCELERATOR, KNOWN AS THE CAMELBACK FELLOWSHIP, FOR UNTAPPED ENTREPRENEURS. AT THIS TIME, WE ARE FOCUSED ON TACKLING THESE TWO IMPACT AREAS 1) EDUCATION AND 2) CONSCIOUS TECH.THE CAMELBACK FELLOWSHIP IS A THREE-MONTH PROGRAM THAT SUPPORTS THE DEVELOPMENT OF BOTH FOUNDER AND VENTURE. SINCE 2015, CAMELBACK HAS SUPPORTED 124 ENTREPRENEURS OF COLOR AND WOMEN (MANY OF WHOM HAVE BEEN RECOGNIZED IN FORBES 30 UNDER 30, RECEIVED FELLOWSHIPS SUCH AS ECHOING GREEN AND RICHARDS DRAPER KAPLAN, AND COLLECTIVELY GONE ON TO RAISE OVER $50 MILLION).
THE NETWORK PROGRAM SUPPORTS ALL ALUMNI, INCLUDING THOSE WITH THE HIGHEST IMPACT POTENTIAL WITH ADDITIONAL INVESTMENT, COACHING AND OTHER CAPACITY BUILDING OPPROTUNITY.
THE CAPITAL COLLABORATIVE IS A COHORT-BASED FELLOWSHIP PROGRAM RUN BY CAMELBACK AND SPECIFICALLY DESIGNED FOR WHITE-IDENTIFYING SENIOR LEADERS IN PHILANTHROPY AND IMPACT INVESTING WHO WANT TO DEEPEN THEIR PERSONAL AND PROFESSIONAL WORK ON RACIAL EQUITY.THE GOAL OF THE CAPITAL COLLABORATIVE IS TO INFLUENCE GRANTMAKERS, INVESTORS, AND INDIVIDUALS TO CREATE MORE FAIRNESS IN FUNDING BY CHANGING THEIR HABITS IN ORDER TO FUND UNDERVALUED ORGANIZATIONS LED BY PEOPLE OF COLOR (AND WOMEN).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aaron Walker CEO & Founder | OfficerTrustee | 40 | $229,469 |
Riyaz Gayasaddin Vice President Of Program And | 40 | $193,943 | |
Kelli Murray Chief Operating Officer | 40 | $171,868 | |
Melvin Freeman Director Of Data & Strategy | 40 | $132,530 | |
Tania Dall Senior Director Of Marketing | 40 | $121,926 | |
Karolina Villagrana Senior Lead Education | 40 | $105,863 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aka Enterprise Solutions Opertaions | 12/30/22 | $107,594 |
Jessamyn Shams-lau Programming | 12/30/22 | $113,112 |
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 | $5,056,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,056,957 |
| Total Program Service Revenue | $258,069 |
| Investment income | $115,670 |
| 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 | $5,442,890 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $920,293 |
| 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. | $229,469 |
| Compensation of current officers, directors, key employees. | $87,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,514,066 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $118,801 |
| Payroll taxes | $131,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $17,572 |
| Fees for services: Accounting | $29,895 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,107,712 |
| Advertising and promotion | $35,098 |
| Office expenses | $106,871 |
| Information technology | $2,195 |
| Royalties | $0 |
| Occupancy | $4,483 |
| Travel | $227,230 |
| 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 | $0 |
| Insurance | $16,709 |
| All other expenses | $46,808 |
| Total functional expenses | $4,925,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,761 |
| Savings and temporary cash investments | $13,946,964 |
| Pledges and grants receivable | $918,683 |
| 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 | $9,045 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,517,827 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,591,280 |
| Accounts payable and accrued expenses | $562,693 |
| 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 | $562,693 |
| Net assets without donor restrictions | $13,300,324 |
| Net assets with donor restrictions | $3,728,263 |
| 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 | $17,591,280 |
Grants Awarded
Over the last fiscal year, Camelback Ventures Inc has awarded $860,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
PHOENIX INTERNATIONAL INCORPORATED PURPOSE: TO ASSIST IN THE STARTUP OF NONPROFIT | $40,000 |
SOCIAL GOOD FUND PURPOSE: TO ASSIST IN THE STARTUP OF NONPROFIT | $40,000 |
THE INSTITUTE FOR SUBSTAINABLE TRAN PURPOSE: TO ASSIST IN THE STARTUP OF NONPROFIT | $40,000 |
HOMEWORKS TRENTON PURPOSE: TO ASSIST IN THE STARTUP OF NONPROFIT | $40,000 |
OAKLAND PUBLIC EDUCATION FUND PURPOSE: TO ASSIST IN THE STARTUP OF NONPROFIT | $40,000 |
NEW SCHOOLS VENTURE FUND PURPOSE: TO ASSIST IN THE STARTUP OF NONPROFIT | $25,000 |