Camelback Ventures Inc
- Assets
- $16.7m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Garden City, ID
- Founding
- 06/2014
- Data as of
- 12/2021
- 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 12/2021, Camelback Ventures Inc employed 16 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 12/2021, Camelback Ventures Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 25.8% 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 76 individual grants totaling $2,431,800. 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
2021
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
THE VENTURE STUDIO SUPPORTS HIGH-IMPACT ALUMNI FROM OUR FELLOWSHIP PROGRAM WITH ADDITIONAL INVESTMENT, COACHING AND OTHER CAPACITY BUILDING OPPORTUNITIES.
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 83 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 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 | $227,386 |
Riyaz Gayasaddin Vice President Of Program And | 40 | $145,145 | |
Tania Dall Senior Director Of Marketing | 40 | $111,749 | |
Kelli Saulny Strategic Partnerships Direct | 40 | $107,738 | |
Raj Thakkar Treasurer | OfficerTrustee | 1 | $0 |
Lloyd Johnson President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aka Enterprise Solutions Opertaions | 12/30/21 | $126,344 |
Vchief Operations | 12/30/21 | $115,170 |
Nationswell Llc Programming | 12/30/21 | $449,025 |
Unlimited Legacy Llc Programming | 12/30/21 | $108,046 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,278,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,413,060 |
| Total Program Service Revenue | $384,700 |
| Investment income | $24,362 |
| 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 | $5,830,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $870,193 |
| 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. | $227,386 |
| Compensation of current officers, directors, key employees. | $22,739 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,005,110 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $113,063 |
| Payroll taxes | $81,438 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,192 |
| Fees for services: Accounting | $53,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,239,644 |
| Advertising and promotion | $61,020 |
| Office expenses | $37,284 |
| Information technology | $5,477 |
| Royalties | $0 |
| Occupancy | $10,091 |
| Travel | $18,837 |
| 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 | $13,282 |
| All other expenses | $0 |
| Total functional expenses | $3,907,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $311,022 |
| Savings and temporary cash investments | $13,950,860 |
| Pledges and grants receivable | $825,875 |
| 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 | $8,471 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,611,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,707,228 |
| Accounts payable and accrued expenses | $196,440 |
| 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 | $196,440 |
| Net assets without donor restrictions | $12,578,936 |
| Net assets with donor restrictions | $3,931,852 |
| 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 | $16,707,228 |
Grants Awarded
Over the last fiscal year, Camelback Ventures Inc has awarded $380,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Richmond, CA PURPOSE: TO ASSIST IN STARTUP OF NONPROFIT | $65,000 |
San Francisco, CA PURPOSE: TO ASSIST IN STARTUP OF NONPROFIT | $40,000 |
San Diego, CA PURPOSE: TO ASSIST IN STARTUP OF NONPROFIT | $40,000 |
New Orleans, LA PURPOSE: TO ASSIST IN STARTUP OF NONPROFIT | $40,000 |
CREATIVE SCHOOL INC PURPOSE: TO ASSIST IN STARTUP OF NONPROFIT | $40,000 |
Denver, CO PURPOSE: TO ASSIST IN STARTUP OF NONPROFIT | $40,000 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Camelback Ventures Inc has recieved totaling $903,252.
| Awarding Organization | Amount |
|---|---|
The Patrick J Mcgovern Foundation Inc Boston, MA PURPOSE: TO PROVIDE SUPPORT FOR THE CO-DESIGN AND LAUNCH OF THE DATA FOR GOOD COLLABORATIVE. | $200,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $100,000 |
Raikes Foundation Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
The Nasdaq Entrepreneurial Center Inc San Francisco, CA PURPOSE: GENERAL SUPPORT | $67,502 |
Mccance Foundation Tr North Scituate, MA PURPOSE: GENERAL SUPPORT | $55,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $50,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Camelback Ventures Inc Garden City, ID | $16,707,228 | $5,830,113 |
Great Fls Development Authority Inc Great Falls, MT | $19,433,536 | $5,045,202 |
Northwest Business Development Association Spokane Valley, WA | $4,504,001 | $3,801,691 |
Washington State Microenterprise Association Olympia, WA | $24,484 | $2,241,814 |
Ameritrust Cdc Edmonds, WA | $1,782,225 | $1,891,460 |
Ccd Business Development Corporation Roseburg, OR | $8,377,391 | $2,075,254 |
Montana Business Assistance Connection Inc Helena, MT | $11,964,243 | $1,416,863 |
Wyoming Womens Business Center Laramie, WY | $937,422 | $712,073 |
Mentors Incline Village, NV | $13,189,742 | $334,430 |
East-Central Idaho Development Company Rexburg, ID | $3,332,671 | $702,206 |