Venture For Success Preparatory Learning Center
- Assets
- $595.1k
- Revenue
- $654.6k
- Investments
- $0.0
- Employees
- 6
- Location
- Denver, CO
- Founding
- 10/2014
- Data as of
- 12/2021
- EIN
- 46-3611051
Organization Overview
Venture For Success Preparatory Learning Center is located in Denver, CO. The organization was established in 2014. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. As of 12/2021, Venture For Success Preparatory Learning Center employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venture For Success Preparatory Learning Center 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 For Success Preparatory Learning Center generated $654.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $435.7k during the year ending 12/2021. While expenses have increased by 4.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S SPECIFIC PURPOSE AND OBJECTIVES SHALL INCLUDE, BUT NOT BE LIMITED TO, THE FOLLOWING: A. TO PROMOTE AN ENVIRONMENT CONDUCIVE TO LEARNING, READYING CHILDREN FOR THE FIRST GRADE BY FOCUSING ON SOCIAL AND EMOTIONAL BEHAVIOR. B. BEING A RESOURCE TO PARENTS TO HELP AID IN PARENTING AND OVERCOMING STRESSFUL INTERACTION WITH CHILDREN. C. PARTNERING WITH LIKE-MINDED BUSINESSES THAT DEAL WITH EDUCATIONAL DISABILITIES AND ISSUES WITH SOCIAL INTERACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PANDEMIC PROVIDED A LIST OF NEW OBJECTIVES, WHICH INCLUDED THE MUCH NEEDED SUPPORT TO ENSURE THAT TEACHERS RECEIVED FULL PAY, TIME OFF TO COVID TEST AND SUPPLY FOOD TO THOSE WHO WERE OUT OF WORK THROUGHOUT THE COMMUNITY. VENTURE FOR SUCCESS AND ITS LEADERSHIP PARTNERED WITH ORGANIZATIONS (E.G., THE DENVER DEPARTMENT OF ECONOMIC DEVELOPMENT, THE BUELL FOUNDATION AND THE EARLY CHILDHOOD COUNCIL LEADERSHIP ALLIANCE - ECCLA) FOR CONTINUED SUPPORT PROVIDED TO CHILDREN AND FAMILIES THROUGHOUT THE COMMUNITY. NEW GOALS FOR 2022: ALTHOUGH INFLATION CONTINUES TO RISE, VENTURE FOR SUCCESS PREP. WILL CONTINUE TO WORK TOWARDS STAYING CASH FLOW POSITIVE. EARLY EDUCATION RATES WILL ADJUST WITH THE ANTICIPATED INCREASES OF FEDERAL RATE HIKES TO SUPPORT THE FINANCIAL HEALTH OF THE ORGANIZATION. THE BOARDS PRESIDENT (NATHANIEL CRADLE) WILL JOIN A SHORT LIST OF PANELIST ON THE NATIONAL ROCKY MOUNTAIN EARLY CHILDHOOD COUNCIL CONFERENCE THIS YEAR TO LEARN MORE ABOUT THE CHALLENGES FROM INDUSTRY LEADERS, (I.E., DIRECTORS, ADMINISTRATORS, SENATE AND COLORADO'S GOVERNOR). NATHANIEL CRADLE WILL ANSWER QUESTIONS TO SOME OF THE INDUSTRIES TOUGHEST QUESTIONS REGARDING THE DIRECTION OF EARLY EDUCATION, OPPORTUNITIES TO STRENGTHEN BUSINESS PROCESSES, AND WHAT TO CONSIDER GOING FORWARD, AS WE TAKE ON THE CHALLENGES OF COVID-19 AND ECONOMIC CHANGES THAT IMPACT THE WAY WE ALL DO BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathaniel Cradle President & | OfficerTrustee | 65 | $91,364 |
Jacqueline Cradle Vice Preside | OfficerTrustee | 65 | $73,731 |
Christina Smith-Williams Secretary | OfficerTrustee | 0.3 | $0 |
Deborah Dopwell Treasurer | OfficerTrustee | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $119,852 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,374 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,226 |
| Total Program Service Revenue | $509,253 |
| Investment income | $77 |
| 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 | $654,556 |
| 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. | $165,095 |
| Compensation of current officers, directors, key employees. | $146,662 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,239 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $19,131 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,410 |
| 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 | $5,258 |
| Advertising and promotion | $0 |
| Office expenses | $2,537 |
| Information technology | $2,434 |
| Royalties | $0 |
| Occupancy | $72,600 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $7 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,579 |
| Insurance | $4,979 |
| All other expenses | $14,282 |
| Total functional expenses | $435,748 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,620 |
| Savings and temporary cash investments | $439,094 |
| 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 | $0 |
| Net Land, buildings, and equipment | $131,387 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $595,101 |
| Accounts payable and accrued expenses | $2,569 |
| 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 | $3,962 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,450 |
| Total liabilities | $18,981 |
| Net assets without donor restrictions | $576,120 |
| Net assets with donor restrictions | $0 |
| 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 | $595,101 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Venture For Success Preparatory Learning Center has recieved totaling $26.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $26 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Development Institute Head Start Denver, CO | $4,503,361 | $99,466,958 |
Child Parent Centers Inc Tucson, AZ | $16,878,130 | $37,963,883 |
Rowland Hall-St Marks School Salt Lake City, UT | $68,485,891 | $31,456,884 |
Educare Of Omaha Inc Omaha, NE | $19,410,966 | $14,431,941 |
Tulsa Christian Education Corporation Tulsa, OK | $13,603,997 | $12,564,074 |
Kids On The Move Inc Orem, UT | $6,922,809 | $11,309,770 |
Bear River Head Start Logan, UT | $1,393,719 | $9,390,667 |
Head Start Child And Family Development Program Inc Hastings, NE | $7,092,911 | $8,181,932 |
Denver Montessori Society Denver, CO | $15,996,394 | $7,932,212 |
Villa Montessori Inc Phoenix, AZ | $15,845,171 | $8,152,055 |
Elizabeth Academy Salt Lake City, UT | $22,998,155 | $5,537,962 |
Ridgeline Academy Inc Cave Creek, AZ | $11,647,204 | $8,019,386 |