Aire Ventures Inc
- Assets
- $1.4m
- Revenue
- $137.1k
- Investments
- $0.0
- Employees
- 11
- Location
- Miami, FL
- Founding
- 11/2016
- Data as of
- 12/2022
- 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 12/2022, Aire Ventures Inc employed 11 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 12/2022, Aire Ventures Inc generated $137.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (12.3%) each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. 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
2022
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
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.
TALENT SCOUT FACILITATES CONNECTIONS BETWEEN FAST-GROWING, VENTURE-BACKED STARTUP FOUNDING TEAMS OR HIGH GROWTH TECHNOLOGY COMPANIES THROUGH AN ONLINE ECOSYSTEM NAVIGATION PLATFORM.
NYAH PROJECT BELIEVES THAT TRAVEL AWAKENS LEADERS AND BRIDGES SYSTEMIC OPPORTUNITY GAPS BY PROVIDING FELLOWSHIPS FOR DIVERSE YOUTH FROM UNDERSERVED COMMUNITIES TO EXPERIENCE WORLDS BEYOND THEM.
TECH EQUITY MIAMI IS A FIRST OF ITS KIND FUNDING CONSORTIUM THAT AIMS TO DEPLOY $100 MILLION IN PHILANTHROPIC FUNDING OVER FIVE YEARS INTO INITIATIVES THAT REMOVE ENTRY BARRIERS INTO THE TECH INDUSTRY AND THAT WILL CREATE OPPORTUNITIES FOR UNDERREPRESENTED GROUPS, INCLUDING YOUTH AND SMALL BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Uhriel Bedoya Director | Trustee | 0.5 | $0 |
Lucas Hernandez Director | Trustee | 0.5 | $0 |
Andres Rivero Director | Trustee | 0.5 | $0 |
Kristen Corpion Director | Trustee | 0.5 | $0 |
Paulina Cousino Parada Managing Director | Officer | 2 | $0 |
Monique Hayes Board Chair | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $26,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $111,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,078 |
| 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 | $137,078 |
| 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. | $153,874 |
| Compensation of current officers, directors, key employees. | $20,922 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $308,141 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $76,283 |
| Payroll taxes | $35,344 |
| 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 | $67,406 |
| Advertising and promotion | $0 |
| Office expenses | $8,688 |
| Information technology | $26,878 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $98,523 |
| 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 | $1,665 |
| Insurance | $6,121 |
| All other expenses | $1,631 |
| Total functional expenses | $1,096,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $916,722 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $522,290 |
| 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 | $3,975 |
| Net Land, buildings, and equipment | $240 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,443,227 |
| Accounts payable and accrued expenses | $426,295 |
| 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 | $426,295 |
| Net assets without donor restrictions | $286,438 |
| Net assets with donor restrictions | $730,494 |
| 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 | $1,443,227 |