Aire Ventures Inc
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Miami, FL
- Founding
- 11/2016
- Data as of
- 12/2021
- EIN
- 81-4117606
Organization Overview
Aire Ventures Inc is located in Miami, FL. The organization was established in 2016. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Aire Ventures Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aire 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, Aire Ventures Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 44.7% each year . All expenses for the organization totaled $752.8k during the year ending 12/2021. While expenses have increased by 23.8% per year over the past 5 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
TO BRIDGE SYSTEMIC GAPS IN ACCESS, OPPORTUNITY, AND RACIAL EQUITY BY SCALING INNOVATION AND TECHNOLOGY SOLUTIONS TO THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THURSDAY GATHERING - THE ORGANIZATION HOSTED GATHERINGS THROUGHOUT 2021. THE EVENTS WERE FREE AND OPEN TO THE PUBLIC.
OPPORTUNITY CONNECT DEVELOPS DEEP COMMUNITY RELATIONSHIPS THAT CONNECT BIPOC ENTREPRENEURS TO CAPITAL AND OPPORTUNITY THROUGH: 1) BUSINESS PLAN TRAINING; 2) CHARACTER-BASED AND ALTERNATIVE LENDING; 3) TECHNICAL ASSISTANCE AND INDIVIDUALIZED GROWTH CONSULTING; AND 4) REAL ESTATE AND RETAIL INCUBATION. THIS INITIATIVE MAXIMIZED THE IMPACT PLACE BASED STRATEGY IN OVERTOWN, MIAMI BY SERVING 70 LMI ENTREPRENEURS OF COLOUR, FACILITATING OVER 800 HOURS OF TRAINING AND 1:1 ADVISING, AND CONVENING A COLLABORATIVE NETWORK OF 36 ENTREPRENEURIAL SUPPORT PARTNERS WITHIN GOVERNMENT, NONPROFITS, AND CORPORATE SECTORS. THIS TRANSLATES INTO $1,893,500 OF ANNUAL AGGREGATE ECONOMIC IMPACT OF THE 21 REPORTING BUSINESSES. THIS VENTURE FOCUSES ON SERVING BIPOC LOW-TO-MODERATE INCOME ENTREPRENEURS, WITH 65% IDENTIFYING AS WOMEN AND 95% AS BLACK OR AFRICAN AMERICAN.
PASSPORT CURATES A HIGH-VALUE STRATEGIC RETREAT SERIES CONNECTING DIVERSE, SOUTH FLORIDA BASED, MAIN STREET FOUNDERS WITH EACH OTHER, PROSPECTIVE INVESTORS, AND B2B PARTNERSHIP OPPORTUNITIES, AND DEVELOPS ENTREPRENEURS' INDUSTRY-SPECIFIC KNOWLEDGE ABOUT SCALING THROUGH ACCESS TO LOCAL AND NATIONAL RESOURCES. 91% OF PASSPORT FOUNDERS IDENTIFY AS BIPOC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leigh-Ann Buchanan President & Executive Dire | Officer | 50 | $130,000 |
Monique Hayes Board Chair | Officer | 5 | $0 |
Lucas Hernandez Director | Trustee | 3 | $0 |
Uhriel Bedoya Director | Trustee | 1 | $0 |
Kristin Corpian Director | Trustee | 1 | $0 |
Andres Rivero Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,343 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,827,216 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,912,559 |
| 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 | $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 | $1,912,559 |
| 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. | $130,000 |
| Compensation of current officers, directors, key employees. | $4,311 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $263,160 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $63,203 |
| Payroll taxes | $30,077 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $103,450 |
| Advertising and promotion | $0 |
| Office expenses | $13,593 |
| Information technology | $23,083 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,792 |
| 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 | $2,989 |
| Insurance | $6,463 |
| All other expenses | $0 |
| Total functional expenses | $752,755 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,154,836 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $887,000 |
| 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 | $3,818 |
| Net Land, buildings, and equipment | $1,905 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,047,559 |
| Accounts payable and accrued expenses | $71,384 |
| 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 | $71,384 |
| Net assets without donor restrictions | $930,560 |
| Net assets with donor restrictions | $1,045,615 |
| 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 | $2,047,559 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aire Ventures Inc has recieved totaling $22,000.
| Awarding Organization | Amount |
|---|---|
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $22,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodie Nation Inc Atlanta, GA | $6,929,090 | $12,181,074 |
Better Business Bureau Of Metropoliton Atlanta Inc Atlanta, GA | $4,995,221 | $6,438,546 |
Herman J Russell Center For Innovation And Entrepreneurship In Atlanta, GA | $21,225,162 | $9,072,660 |
The Better Business Bureau Of Metropolitan Birmingham Incorportd Birmingham, AL | $1,159,880 | $2,115,172 |
Institute For Commercialization Of Florida Technology Inc Tampa, FL | $17,091,469 | $342,694 |
Atlanta Committee For Progress Inc Atlanta, GA | $1,166,579 | $1,555,000 |
National Association Of Minority Mortgage Bankers Of America Inc Orlando, FL | $337,622 | $1,570,248 |
American Transaction Processors Coalition Atlanta, GA | $187,359 | $1,617,250 |
African American Credit Union Coalition Snellville, GA | $676,813 | $1,509,936 |
Community Economic Development Association Of Pensacola And Escam Pensacola, FL | $509,626 | $1,163,356 |
Coastal Area District Development Authority Brunswick, GA | $23,475,246 | $6,775,670 |
Carroll County Economic Development Carrollton, GA | $4,543,478 | $2,769,284 |