Reset Ventures Inc
- Assets
- $2.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Muskegon, MI
- Founding
- 02/2020
- Data as of
- 12/2021
- EIN
- 83-3400356
Organization Overview
Reset Ventures Inc is located in Muskegon, MI. The organization was established in 2020. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reset 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, Reset Ventures Inc generated $2.4m in total revenue.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE BELOW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kyle T Pett Treasurer | 0 | $0 | |
Brad W Playford President | 0 | $0 | |
Shannon R Chester Director | 0 | $0 | |
Alyssa Panozzo Director | 0 | $0 | |
Kathleen Playford Director | 0 | $0 | |
Joseph S Bush Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,351,971 |
| Interest on Savings | $0 |
| Dividends & Interest | $89 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,221 |
| Capital Gain Net Income | $1,139,201 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,600 |
| Total Revenue | $2,356,881 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,617 |
| Total operating and administrative expenses | $18,325 |
| Contributions, gifts, grants paid | $30,000 |
| Total expenses and disbursements | $48,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,078,483 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $230,073 |
| Total assets | $2,308,556 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
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|---|---|---|
Running Rebels Community Organization Inc Milwaukee, WI | $6,399,369 | $7,453,258 |
R I D G E Project Inc Mc Clure, OH | $2,583,205 | $4,584,982 |
Good Will Farm Association Houghton, MI | $7,890,594 | $2,002,394 |
East Side Youth Athletic Tr Amelia, OH | $310,638 | $983,808 |
Toledo Volleyball Club Inc Maumee, OH | $402,139 | $936,776 |
Just 4 Kids Booster Club Indianapolis, IN | $166,135 | $958,168 |
Ohio Fair Services Inc Amanda, OH | $10,714 | $793,125 |
Youth Development Company And Police Athletic Activities League South Haven, MI | $165,392 | $988,151 |
Access Irvine Inc Warren, MI | $2,411,600 | $949,514 |
Youth Mentoring Worldwide Inc Cadillac, MI | $519,710 | $797,079 |
Cincinnati Teen Challenge Inc Milford, OH | $2,500,089 | $613,850 |
Institute Of Leadership And Performance Improvement East Chicago, IN | $91,348 | $765,775 |