Ventures
- Assets
- $3.9m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 33
- Location
- Seattle, WA
- Founding
- 05/1996
- Data as of
- 12/2022
- 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 12/2022, Ventures employed 33 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 12/2022, Ventures generated $2.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $2.9m during the year ending 12/2022. While expenses have increased by 12.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
VENTURES MISSION IS TO EMPOWER INDIVIDUALS WITH LIMITED RESOURCES AND UNLIMITED POTENTIAL TO IMPROVE THEIR LIVES THROUGH SMALL BUSINESS OWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS TRAINING COURSES, WORKSHOPS & COACHING: 7 ORIENTATION WORKSHOPS FOR 155 INDIVIDUALS, 7 BUSINESS BASICS COURSES FOR 157 CLIENTS PARTICIPATEDD AND 78 ADVANCED WORKSHOPS. PROVIDED 2,101 HOURS OF BUSINESS COACHING TO 412 CLIENTS
FINANCIAL PRODUCTS: $144,799 IN BUSINESS GRANTS AWARDED TO 194 BUSINESSES/INDIVIDUALS, 35 NEW LOANS TOTALING $166,238
BUSINESS INCUBATORS(RETAIL & FOOD): 56 ACTIVE RETAIL VENDORS, 1 RETAIL INCUBATOR STORE, IT IS A 50/50 CONSIGNMENT WITH OVER $49,000 GENERATED FOR CLIENTS THROUGH STORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Donaldson-Fletcher Interim Executive Director | OfficerTrustee | 40 | $124,067 |
Ximena Juarez I Director | Trustee | 0.5 | $0 |
Yesenia Celestino Director | Trustee | 0.25 | $0 |
David Spicer Director | Trustee | 1 | $0 |
Jonathan Shallow Director | Trustee | 0.5 | $0 |
Lisa Taylor Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $149,680 |
| Related organizations | $0 |
| Government grants | $838,794 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,541,189 |
| Noncash contributions included in lines 1a–1f | $117 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,529,663 |
| Total Program Service Revenue | $64,852 |
| Investment income | $2,210 |
| 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 | $2,657,913 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $163,399 |
| 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. | $1,649,072 |
| Compensation of current officers, directors, key employees. | $232,036 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $369,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,846 |
| Advertising and promotion | $0 |
| Office expenses | $51,980 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $166,442 |
| Travel | $13,266 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,490 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,358 |
| Insurance | $11,026 |
| All other expenses | $43,817 |
| Total functional expenses | $2,919,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,370,754 |
| Savings and temporary cash investments | $1,460,407 |
| Pledges and grants receivable | $570,503 |
| Accounts receivable, net | $43,284 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $115,679 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,910 |
| Net Land, buildings, and equipment | $58,337 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $259,626 |
| Total assets | $3,910,500 |
| Accounts payable and accrued expenses | $163,471 |
| 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 | $158,621 |
| Unsecured mortgages and notes payable | $332,492 |
| Other liabilities | $272,478 |
| Total liabilities | $927,062 |
| Net assets without donor restrictions | $2,577,716 |
| Net assets with donor restrictions | $405,722 |
| 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 | $3,910,500 |