Viable Inc
- Assets
- $77.0k
- Revenue
- $784.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- Data as of
- 12/2021
- 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 12/2021, Viable Inc generated $784.1k in total revenue. All expenses for the organization totaled $804.9k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION'S PRIMARY PURPOSE IS TO SERVE REMARKABLE PEOPLE OF VULNERABLE COMMUNITIES BY FACILITATING BUSINESS OPPORTUNITIES AND DEVELOPING LEADERS, THEREBY ENHANCING THEIR ABILITY TO BECOME SELF-SUSTAINING (VIABLE) WITHIN THEIR COMMUNITY AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIABLE WORKED TO IDENTIFY AND FACILITATE BUSINESS OPPORTUNITIES ON BEHALF OF APPROXIMATELY 5,000 VULNERABLE, SUBSISTENCE FARMERS IN UGANDA. VIABLE NEGOTIATED WITH LOCAL COMMERCIAL BUYERS AND PROCESSORS IN UGANDA TO ESTABLISH PRE-ARRANGED, ETHICAL PURCHASE AGREEMENTS FOR CROPS GROWN BY FAMILIES IN THE SAME REGIONS TO BE PURCHASED AT FAIR MARKET PRICES. THE PARTICIPATING FAMILIES WERE QUALIFIED TO BE STRUGGLING TO SURVIVE, WITH SIGNIFICANT HOUSEHOLD NEEDS FOR BASIC NECESSITIES. IN THIS, FAMILIES WHO FORMERLY DEPENDED ON HANDOUTS FROM CHARITIES HAVE NEW HOPE FOR EARNED INCOME OPPORTUNITY THAT CAN PAY FOR THEIR CHILDREN'S FOOD, SHELTER, EDUCATION AND MEDICAL NEEDS. THE AVERAGE HOUSEHOLD SERVED CONSISTS OF FIVE DEPENDENTS; THEREFORE, THE INDIRECT EFFECT REACHED APPROXIMATELY 25,000 PEOPLE.
VIABLE ACCEPTED AN INVITATION AND CHALLENGE TO MEET A CRITICAL NEED FOR SURVIVORS OF ABUSE IN THE US. VIABLE ESTABLISHED ITS US PROGRAM TO SERVE 100 WOMEN AND YOUTH PER YEAR WHO HAVE SURVIVED HUMAN TRAFFICKING, DOMESTIC VIOLENCE, AND/OR SEXUAL EXPLOITATION, AND YOUTH YOU ARE AGING OUT OF FOSTER CARE. VIABLE CLIENTS HAVE A HISTORY AND VULNERABILITY TO SUBSTANCE ABUSE, INCARCERATION AND/OR HOMELESSNESS. ALL HAVE RECEIVED CARE FROM VIABLE PARTNER AGENCIES AND NOW SEEK TO REBUILD THEIR LIVES, ANCHORED BY MEANINGFUL EMPLOYMENT AND HEALTHY COMMUNITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Turner President | OfficerTrustee | 40 | $107,722 |
Bob Bender Director | Trustee | 16 | $65,000 |
Rich Miles Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $82,700 |
| All other contributions, gifts, grants, and similar amounts not included above | $701,414 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $784,114 |
| 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 | $784,114 |
| 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 | $28,304 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $172,722 |
| Compensation of current officers, directors, key employees. | $17,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $192,185 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $40,353 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $265 |
| Fees for services: Accounting | $8,568 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,739 |
| Advertising and promotion | $72,386 |
| Office expenses | $1,669 |
| Information technology | $4,934 |
| Royalties | $0 |
| Occupancy | $77,408 |
| Travel | $21,088 |
| 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 | $11,885 |
| All other expenses | $942 |
| Total functional expenses | $804,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,572 |
| 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 | $48,409 |
| Total assets | $77,031 |
| Accounts payable and accrued expenses | $15,722 |
| 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 | $35,722 |
| Net assets without donor restrictions | -$41,391 |
| Net assets with donor restrictions | $82,700 |
| 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 | $77,031 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Viable Inc has recieved totaling $5,012.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Rivers Planning & Development District Pontotoc, MS | $48,398,868 | $43,682,575 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Hope Enterprise Corporation Jackson, MS | $150,349,143 | $24,959,106 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |