Ventures

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.

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)Compensation
Carlos A Sanchez-Yarce
Executive Director
$142,458
David Goldberg
Vice President
$0
Octaiviea Renee
President
$0
Chris Rooks
Treasurer
$0
Lisa Taylor
Director
$0
Yesenia Celestino
Director
$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

Grants Recieved

Over the last fiscal year, we have identified 31 grants that Ventures has recieved totaling $1,896,707.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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