Viable Inc
- Assets
- $167.0k
- Revenue
- $850.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- Data as of
- 12/2022
- EIN
- 84-2852472
Organization Overview
Viable Inc is located in Brentwood, TN. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Viable 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, Viable Inc generated $850.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 70.2% each year . All expenses for the organization totaled $754.5k 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
VIABLE SERVES SURVIVORS OF ABUSE AND EXPLOITATION BY CONNECTING THEM TO MEANINGFUL EMPLOYMENT AND HEALTHY COMMUNITY, THEREBY ENHANCING THEIR ABILITY TO BECOME SELF-SUSTAINING (VIABLE).
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIABLE IS WORKING TO MEET A CRITICAL NEED FOR SURVIVORS OF ABUSE AND EXPLOITATION IN THE US. VIABLE SERVES WOMEN AND YOUTH WHO HAVE SURVIVED HUMAN TRAFFICKING, DOMESTIC VIOLENCE-IPV, AND/OR SEXUAL EXPLOITATION, AND YOUTH WHO ARE AGING OUT OF FOSTER CARE. VIABLE CLIENTS HAVE A HISTORY AND VULNERABILITY TO SUBSTANCE ABUSE, INCARCERATION, AND/OR HOMELESSNESS. ALL HAVE RECEIVED AFTERCARE FROM VIABLE PARTNER AGENCIES AND NOW SEEK FULL (RE)INTEGRATION TO REBUILD THEIR LIVES, ANCHORED BY MEANINGFUL EMPLOYMENT AND HEALTHY COMMUNITY.
VIABLE WORKED TO IDENTIFY AND FACILITATE BUSINESS OPPORTUNITIES ON BEHALF OF APPROXIMATELY 5,000 VULNERABLE, SUBSISTENCE FARMERS IN UGANDA, WHO REPRESENT APPROXIMATELY 25,000 DEPENDENTS. VIABLE NEGOTIATED WITH LOCAL COMMERCIAL BUYERS AND PROCESSORS IN UGANDA TO ESTABLISH PRE-ARRANGED, ETHICAL, FAIR MARKET PURCHASE AGREEMENTS FOR CROPS GROWN BY VULNERABLE FAMILIES IN THE SAME REGION. PARTICIPANTING FAMILIES WERE QUALIFIED TO BE STRUGGLING TO SURVIVE, WITH SIGNIFICANT HOUSEHOLD NEEDS FOR BASIC NECESSITIES. IN THIS, FAMLIES WHO FORMERLY DEPENDED ON HANDOUTS FROM CHARITIES/NGOS, THE GOVERNMENT, AND/OR WERE PREVIOUSLY EXPLOITED IN THE MARKETPLACE, HAVE NEW HOPE FOR ERANED INCOME OPPORTUNITY. PRIORITIES LISTED ARE PAYING FOR FOOD, SHELTER, CHILDREN'S EDUCATION AND MEDICAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Bender Director | Trustee | 16 | $60,000 |
Rich Miles Director | Trustee | 2 | $0 |
Benjamin Turner President | OfficerTrustee | 40 | $150,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $850,173 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $850,173 |
| 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 | $850,173 |
| 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. | $210,000 |
| Compensation of current officers, directors, key employees. | $42,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $198,829 |
| 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 | $9,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,318 |
| Advertising and promotion | $90,184 |
| Office expenses | $3,281 |
| Information technology | $2,941 |
| Royalties | $0 |
| Occupancy | $80,754 |
| Travel | $11,018 |
| 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 | $0 |
| Insurance | $20,901 |
| All other expenses | $1,524 |
| Total functional expenses | $754,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,953 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,050 |
| 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 | $167,003 |
| Accounts payable and accrued expenses | $10,028 |
| 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 | $20,000 |
| Other liabilities | $0 |
| Total liabilities | $30,028 |
| Net assets without donor restrictions | $136,975 |
| 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 | $167,003 |