Overview
What is Opportunities Ventures Inc?
Opportunities Ventures Inc, based in Winooski, Vermont, is a nonprofit organization committed to serving individuals and organizations with limited financial resources. Their primary mission is to offer affordable loans and financial services. The Independence Fund, one of their initiatives, specifically targets Vermonters with disabilities. By providing these financial resources, they aim to support and empower their community members, contributing to their overall well-being.
Is Opportunities Ventures Inc legitimate?
Opportunities Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunities Ventures Inc 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
What is the mission statement of Opportunities Ventures Inc?
Opportunities Ventures Inc's mission is centered around providing affordable capital and financial services to individuals and organizations with limited income. This organization strives to make financial resources accessible to those who often face financial disparities. One of their initiatives includes the Independence Fund, offering loans to Vermonters with disabilities. The primary goal is to empower these individuals and organizations by providing them with the financial tools they need to thrive.
Who is the CEO of Opportunities Ventures Inc?
Katharine Laud is the Chair, President & Ceo of Opportunities Ventures Inc. The CEO's salary of Opportunities Ventures Inc is $0 and their total compensation is $189,148.
What is the revenue of Opportunities Ventures Inc?
Opportunities Ventures Inc's revenue in 2022 was $158,054.
Who are the executives of Opportunities Ventures Inc and what are their salaries?
There 8 volunteers at Opportunities Ventures Inc.
Here are 5 key members and their salaries (Opportunities Ventures Inc's CEO's salary is $0 and their total compensation is $189,148):
- Compensation: $0
- Related: $103,217
- Other: $11,915
- Compensation: $0
- Related: $166,042
- Other: $23,106
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Opportunities Ventures Inc?
Opportunities Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Opportunities Ventures Inc
Opportunities Ventures Inc, a nonprofit organization, is committed to providing affordable capital and financial services to individuals and organizations with low income. Their mission is to make these essential resources accessible to those who may otherwise be excluded due to their financial circumstances. One of their key initiatives is the Independence Fund, which offers loans to Vermonters with disabilities. This fund serves as a vital tool for these individuals, enabling them to access the financial support they need to live independently and with dignity. By providing affordable capital and financial services, Opportunities Ventures Inc plays a crucial role in empowering low-income individuals and organizations, helping them overcome financial barriers and improve their lives.
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Impact
October, 2024
Opportunities Ventures Inc plays a vital role in enhancing the economic stability of individuals and organizations with low income. By providing affordable capital and financial services, the organization empowers marginalized communities, particularly through its Independence Fund, which offers loans to Vermonters with disabilities. This initiative not only addresses immediate financial needs but also fosters long-term independence and self-sufficiency. Located in Winooski, Vermont, Opportunities Ventures Inc contributes significantly to community improvement, enabling access to resources that help individuals achieve their financial goals and overall well-being.
This information is meant to be a general summary of Opportunities Ventures Inc. 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 2022.
- Program Service Revenue: $2,054
- Gross Receipts: $158,054
Assets and Liabilities:
- Total Assets: $874,534
- Total Liabilities: $6,347
- Net Assets: $868,187
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$1,695
INTEREST ON DEPOSITS
Revenue
$359
Organization Details
Founding Year
2002
Phone
(802) 654-4540Principal Officer
Katharine Laud
Main Address
25 WINOOSKI FALLS WAY 203, WINOOSKI, VT, 054040067
NTEE Category
Code: S30 - Community improvement
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