Overview
What is Community Ventures?
Community Ventures is a nonprofit organization situated in Fremont, California, with the address 4388 Lorren Drive. Their mission revolves around promoting community economic development by supporting locally owned small businesses. These businesses, rooted in and dedicated to their communities, are instrumental in preventing the leakage of local financial resources. Community Ventures achieves this mission through various activities, including hosting investor and donor updates to further their cause. The organization's efforts contribute to strengthening the local economy and ensuring that resources remain within the community.
Official website here: www.c-ventures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star Rating
Community Ventures has received a one-star rating from Charity Navigator, indicating significant areas for improvement in its accountability and financial practices. While the organization has a high program expense ratio of 88.48%, suggesting a strong focus on delivering services, it faces challenges in governance, with only two independent board members impacting its independent board size score negatively.
The charity demonstrates some positive governance practices, such as having a majority of independent board members and policies for conflict of interest. However, it lacks essential policies such as a whistleblower policy and document retention policy, which points to potential weaknesses in transparency and accountability.
Additionally, the organization has a high liabilities to assets ratio of 71.66%, raising concerns about its financial health. While its website is listed on its tax form, the absence of publicly posted tax documents further limits transparency. Overall, Community Ventures shows commitment to program spending but requires substantial improvements in governance and financial management practices.
This AI summary has been generated from information found on Charity Navigator.
Is Community Ventures legitimate?
Community Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Ventures submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.c-ventures.org
What is the mission statement of Community Ventures?
Community Ventures' mission is centered around promoting principles and policies for community economic development. They achieve this by supporting locally owned small businesses that are deeply rooted in and committed to the communities where they operate. By doing so, Community Ventures aims to prevent the leakage of local dollars, contributing to the overall prosperity of these communities. In addition, they occasionally host investor/donor updates, demonstrating their active role in fostering economic growth.
Official website here: www.c-ventures.org
What is the revenue of Community Ventures?
Community Ventures's revenue in 2023 was $244,255.
Official website here: www.c-ventures.org
Who are the executives of Community Ventures and what are their salaries?
There 3 volunteers at Community Ventures.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.c-ventures.org
Where can I find the form 990 for Community Ventures?
Community Ventures's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.c-ventures.org
Learn more at the official website: www.c-ventures.org
Mission Statement of Community Ventures
Community Ventures, as an organization, is dedicated to advocating for and supporting locally owned small businesses. Their mission is to promote principles and policies that foster community economic development. These businesses, rooted in and committed to the communities where they operate, play a crucial role in preventing the leakage of local dollars. By backing these enterprises, Community Ventures aims to contribute positively to the economic well-being of the communities they serve.
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Impact
October, 2024
Community Ventures significantly impacts local economies by championing the development of small businesses that are deeply intertwined with their communities. By promoting principles and policies for community economic development, the organization supports locally owned enterprises that retain financial resources within the community, thereby preventing the outflow of local dollars.
Through initiatives like the Force for Good Accelerator, Community Ventures creates opportunities for engagement among investors and donors, fostering a network that prioritizes community-centric economic growth. This collaborative approach not only strengthens the local business ecosystem in places like Fremont, CA, but also enhances community resilience and sustainability. By empowering small businesses, the organization contributes to a vibrant local economy that benefits residents and enhances the overall quality of life in the area.
This information is meant to be a general summary of Community Ventures. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $34,662
- Gross Receipts: $244,255
Assets and Liabilities:
- Total Assets: $1,277,830
- Total Liabilities: $1,106,730
- Net Assets: $171,100
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Organization Details
Founding Year
2008
Principal Officer
Jennifer Kassan
Website
www.c-ventures.orgNTEE Category
Code: S20 - Community improvement
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