Youth Venture Inc
- Assets
- $1.8m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 5
- Location
- Arlington, VA
- Founding
- 07/1995
- Data as of
- 08/2021
- EIN
- 54-1744720
Organization Overview
Youth Venture Inc is located in Arlington, VA. The organization was established in 1995. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. As of 08/2021, Youth Venture Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Youth Venture 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 08/2021, Youth Venture Inc generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.1% each year . All expenses for the organization totaled $1.1m during the year ending 08/2021. While expenses have increased by 5.1% per year over the past 6 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 2015, Youth Venture Inc has awarded 17 individual grants totaling $1,130,869. 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
YOUTH VENTURE ASSISTS YOUNG PEOPLE IN LAUNCHING THEIR OWN ORGANIZATIONS, OR VENTURES, WHICH BUILDS UP THE LEADERSHIP AND SOCIAL SKILLS OF YOUNG PEOPLE SO THEY ARE BETTER PREPARED TO FACE FUTURE CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING AND MESSAGE - ENCOURAGING YOUNG PEOPLE TO TAKE THEIR OWN COMMUNITY SERVICE INITIATIVES AND PERSUADING BOTH YOUNG PEOPLE AND ADULTS TO REDEFINE THE YOUTH YEARS AS A TIME OF RESPONSIBILITY.
PROGRAM IMPLEMENTATION - INCLUDES PRODUCT DEVELOPMENT, FELLOWSHIP/NETWORK SUPPORT AND ONLINE/MOBILE STRATEGIES TO ENCOURAGE YOUNG AMERICANS TO START THEIR OWN VENTURE AND HELP THE BROADER SOCIETY BECOME EFFECTIVELY SUPPORTIVE.
PARTNER/VENTURE SUPPORT - PROVIDES WIDE SUPPORT AND SMALL SEED GRANTS TO SUPPORT THE VENTURERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jana Siedlova Director Of Finance | Officer | 40 | $84,058 |
Peter Kellner Director | Trustee | 2 | $0 |
Kyle Zimmer Secretary/treasurer | Trustee | 2 | $0 |
William Drayton Chairman | Trustee | 5 | $0 |
Joe Onek Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $61,465 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,417,983 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,479,448 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$368 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,481,791 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,350 |
| Grants and other assistance to domestic individuals. | $35,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,568 |
| Compensation of current officers, directors, key employees. | $3,383 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,699 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,308 |
| Payroll taxes | $18,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $13,185 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $599,866 |
| Advertising and promotion | $3,420 |
| Office expenses | $15,249 |
| Information technology | $3,822 |
| Royalties | $0 |
| Occupancy | $24,424 |
| Travel | $2,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $874 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,509 |
| Insurance | $10,439 |
| All other expenses | $0 |
| Total functional expenses | $1,053,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,096,570 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $64,513 |
| 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 | $3,560 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $614,518 |
| Total assets | $1,779,161 |
| Accounts payable and accrued expenses | $14,378 |
| 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 | $934,226 |
| Total liabilities | $948,604 |
| Net assets without donor restrictions | $75,307 |
| Net assets with donor restrictions | $755,250 |
| 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 | $1,779,161 |
Grants Awarded
Over the last fiscal year, Youth Venture Inc has awarded $30,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SOCIAL CIPHER LLC PURPOSE: T-MOBILE CHALLENGE GRANT | $10,000 |
STORIES UNTOLD WOLDWIDE IP HOLDINGS LLC PURPOSE: T-MOBILE CHALLENGE GRANT | $10,000 |
Sammamish, WA PURPOSE: T-MOBILE CHALLENGE GRANT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Youth Venture Inc has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Students Of Georgetown Inc Washington, DC | $1,825,753 | $1,878,244 |
Core Inc Washington, DC | $1,570,238 | $1,229,235 |
Youth Venture Inc Arlington, VA | $1,779,161 | $1,481,791 |
L I F E Skills Foundation Durham, NC | $1,880,740 | $554,116 |
Young Americas Business Trust Washington DC, DC | $34,228 | $546,592 |
Future Business Leaders Of America- Phi Beta Lambda Inc Reston, VA | $10,435,182 | $583,574 |
Camp Living Stones Inc Englewood, TN | $1,120,126 | $494,096 |
Envisionleadgrow Inc Norfolk, VA | $251,421 | $402,061 |
Conscious Capitalist Group Foundation Inc Richmond, VA | $12,408 | $0 |
Neighborhood Lets Count It Up And Build It Up Memphis, TN | $349,341 | $424,235 |
Bowling Green Area Chamberfoundation Inc Bowling Green, KY | $519,224 | $199,162 |
Take Our Daughters & Sons To Work Foundation Elizabeth City, NC | $18,188 | $0 |