Ventures
- Assets
- $4.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 29
- Location
- Seattle, WA
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 91-1704028
Organization Overview
Ventures is located in Seattle, WA. The organization was established in 1996. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Ventures employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 12/2021, Ventures generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 20.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
VENTURES PROVIDES A ROBUST KIT OF SERVICES INCLUDING BUSINESS TRAINING, COACHING, MICROLOANS,ACCESS TO MARKET, INCUBATION AND HANDS-ON LEARNING, SPECIFICALLY DESIGNED TO EQUIP LOW INCOME INDIVIDUALS TO LIFT THEMSELVES OUT OF POVERTY BY LAUNCHING THEIR OWN MICRO BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS TRAINING COURSES, WORKSHOPS & COACHING: 11 ORIENTATION WORKSHOPS FOR 103 INDIVIDUALS,8 BUSINESS BASICS COURSES FOR 156 CLIENTS GRADUATED, 70 ADVANCED WORKSHOPS, 7 ADVANCED TRAINING COURSES, 23 RESOURCE ROUND-UP (TOPICAL INFO SESSIONIS). PROVIDED 1,979 HOURS OF BUSINESS COACHING TO 382 CLIENTS
FINANCIAL PRODUCTS: OVER $90,000 IN BUSINESS GRANTS AWARDED TO 175 BUSINESSES AND INDIVIDUALS, 46 NEW LOANS TOTALING OVER $160,000 IN LOAN FUNDS.
BUSINESS INCUBATORS(RETAIL & FOOD): 72 ACTIVE RETAIL VENDORS, 1 RETAIL INCUBATOR STORE, IT IS A 50/50 CONSIGNMENT, $58,577 GENERATED FOR CLIENTS THROUGH THE STORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos A Sanchez-Yarce Executive Director | Officer | 40 | $142,458 |
Octaiviea Renee President | OfficerTrustee | 3 | $0 |
Chris Rooks Treasurer | OfficerTrustee | 1.35 | $0 |
David Goldberg Vice President | OfficerTrustee | 1.62 | $0 |
Lisa Taylor Director | Trustee | 0.81 | $0 |
David Spicer Director | Trustee | 1.92 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $72,096 |
| Related organizations | $0 |
| Government grants | $648,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,816,382 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,536,951 |
| Total Program Service Revenue | $76,888 |
| Investment income | $2,649 |
| 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 | $2,865,608 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $214,147 |
| 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. | $142,459 |
| Compensation of current officers, directors, key employees. | $14,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,018,858 |
| Pension plan accruals and contributions | $29,331 |
| Other employee benefits | $120,685 |
| Payroll taxes | $108,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,541 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,569 |
| Office expenses | $51,875 |
| Information technology | $37,902 |
| Royalties | $0 |
| Occupancy | $102,163 |
| Travel | $9,746 |
| 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 | $14,523 |
| Insurance | $9,695 |
| All other expenses | $154,965 |
| Total functional expenses | $2,206,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,195,049 |
| Savings and temporary cash investments | $1,147,813 |
| Pledges and grants receivable | $479,710 |
| Accounts receivable, net | $15,109 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $157,185 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,069 |
| Net Land, buildings, and equipment | $57,682 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,062,617 |
| Accounts payable and accrued expenses | $120,817 |
| 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 | $196,495 |
| Unsecured mortgages and notes payable | $321,478 |
| Other liabilities | $178,316 |
| Total liabilities | $817,106 |
| Net assets without donor restrictions | $2,336,953 |
| Net assets with donor restrictions | $908,558 |
| 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 | $4,062,617 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Ventures has recieved totaling $1,896,707.
| Awarding Organization | Amount |
|---|---|
Northwest Area Foundation St Paul, MN PURPOSE: EMPOWERING LOW-INCOME ENTREPRENEURS RECOVERY FROM COVID-19 TO HELP ADVANCE ECONOMIC AND RACIAL JUSTICE | $500,000 |
Northwest Area Foundation St Paul, MN PURPOSE: EMPOWERING LOW-INCOME ENTREPRENEURS RECOVERY FROM COVID-19 TO HELP ADVANCE ECONOMIC AND RACIAL JUSTICE | $250,000 |
Washington State Microenterprise Association Olympia, WA PURPOSE: CAPACITY/EXPENSION | $171,216 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT TO VENTURES NORTHWEST; TO PROVIDE GENERAL SUPPORT; HOUSING AND FINANCIAL SECURITY OF LOW-INCOME SENIORS | $127,000 |
Satterberg Foundation Seattle, WA PURPOSE: GENERAL OPERATING SUPPORT | $125,000 |
Ewing Marion Kauffman Foundation Kansas City, MO PURPOSE: SUPPORT FOR BUILDING AWARENESS OF PUBLIC POLICIES THAT ADDRESS CHALLENGES OF LOW-INCOME ENTREPRENEURS BY TRAINING ENTREPRENEURS TO ADVOCATE AND GENERATE MEDIA COVERAGE ABOUT THE ISSUE. 202104-10450 | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Aleutian Tribes Inc Anchorage, AK | $24,179,312 | $16,987,359 |
International Society For Technology In Education Portland, OR | $20,256,205 | $13,556,365 |
Public School Employees Of Washington Auburn, WA | $10,924,728 | $12,530,239 |
Washington State Charter Schools Association Seattle, WA | $13,158,502 | $7,768,416 |
Bluum Inc Boise, ID | $2,040,780 | $9,996,338 |
Native Project Spokane, WA | $18,009,954 | $13,503,494 |
Spokane International Academy Spokane, WA | $28,868,838 | $9,309,601 |
Pride Prep Schools Spokane, WA | $4,483,995 | $8,242,945 |
Oregon School Employees Association 133 Salem, OR | $7,639,516 | $7,655,217 |
Washington Manufacturing Services Bothell, WA | $3,899,855 | $7,541,918 |
Oregon Social Learning Center Inc Eugene, OR | $1,429,393 | $6,701,221 |
Riverstone Community School Inc Boise, ID | $14,062,968 | $7,409,648 |