Flourish Ventures
- Assets
- $0.0
- Revenue
- $397.8k
- Investments
- $0.0
- Employees
- 19
- Location
- Midvale, UT
- Founding
- 01/2018
- Data as of
- 12/2022
- EIN
- 82-1153023
Organization Overview
Flourish Ventures is located in Midvale, UT. The organization was established in 2018. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Flourish Ventures employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Flourish Ventures 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, Flourish Ventures generated $397.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $435.9k 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
OUR MISSION IS TO BE A SUPPORTIVE COMMUNITY THAT FOSTERS HOPE AND HEALTH, IN ADDITION TO PERSONAL AND SPIRITUAL GROWTH, WHILE TEACHING THE ART AND SKILLS OF PROFESSIONAL BAKING. WE EXIST TO DEMONSTRATE HOPE TO INDIVIDUALS IN RECOVERY FROM SUBSTANCE USE DISORDERS AS WELL AS THOSE WORKING TO REINTEGRATE THEIR LIVES AFTER INCARCERATION. WE PROVIDE A COMMUNITY OF SUPPORT, MENTORSHIP, AND FRIENDSHIP, AND IS A SPACE OF LIFE TRANSFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FLOURISH BAKERY IS A SUPPORTIVE COMMUNITY THAT FOSTERS HOPE AND HEALTH, IN ADDITION TO PERSONAL GROWTH, WHILE TEACHING THE ART AND SKILLS OF PROFESSIONAL BAKING. FLOURISH BAKERY EMPLOYS INDIVIDUALS IN RECOVERY FROM SUBSTANCE USE DISORDERS, OFTEN REINTEGRATING THEIR LIVES AFTER INCARCERATION. THIS EMPLOYMENT OPPORTUNITY ASSISTS INDIVIDUALS IN THE HEALING PROCESS AND WORKS TO REDUCE RECIDIVISM AND RELAPSE THROUGH LIFE AND JOB SKILLS TRAINING. FLOURISH PROVIDES A COMMUNITY OF SUPPORT, MENTORSHIP AND FRIENDSHIP, AND IS A SPACE OF LIFE TRANSFORMATION. THE BAKERY IS THE FIRST OF THE FLOURISH SOCIAL ENTERPRISES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aimee Altizer Executive Di | Officer | 60 | $46,141 |
Ted Clayton Treasurer | OfficerTrustee | 3.5 | $0 |
Patricia Fava Secretary | OfficerTrustee | 3.5 | $0 |
Sandra Jones Chairman | Trustee | 3.5 | $0 |
Amy Leininger Board Member | Trustee | 3.5 | $0 |
Gail Mcbride Board Member | Trustee | 3.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,870 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $312,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $333,943 |
| Total Program Service Revenue | $25,965 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$10,127 |
| Net Income from Fundraising Events | $48,018 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,799 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,425 |
| 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. | $46,141 |
| Compensation of current officers, directors, key employees. | $4,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $189,946 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,071 |
| Office expenses | $30,503 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $72,527 |
| Travel | $71 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $733 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,178 |
| Insurance | $12,780 |
| All other expenses | $3,376 |
| Total functional expenses | $435,867 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $0 |