Overview
What is Venture International Academy Inc?
Venture International Academy Inc, situated in Tavares, Florida, is a dedicated nonprofit organization with a charitable and educational focus. Its primary mission involves offering adult continuing education services to 34 students. Committed to making a positive impact within its community, this organization delivers its programs with the aim of fostering personal growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
Venture International Academy Inc holds a 65% score, reflecting a Two-Star rating. This rating is primarily based on its Accountability & Finance metrics, where the organization has showcased strong governance practices. Notably, it has a fully independent board with 100% independent members, and it demonstrates transparency by documenting board meeting minutes.
The organization excels in program expense ratio, achieving a remarkable 100%. This indicates that all of its expenses are directed towards its programs, which is a positive sign for donors regarding the impact of their contributions. However, the liabilities to assets ratio is concerning at 115.17%, suggesting that the organization may have more liabilities than assets, which could pose financial stability risks in the long term.
Overall, while Venture International Academy Inc shows strengths in governance and program spending, the high liabilities relative to assets could limit its financial health and ability to sustain its operations effectively. It’s advisable for potential donors to weigh these factors carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Venture International Academy Inc legitimate?
Venture International Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venture International Academy 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
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What is the mission statement of Venture International Academy Inc?
Venture International Academy Inc, serving charitable and educational purposes, utilizes its programs to provide education services to 34 students. Situated as an adult, continuing education organization, it aims to make a positive impact in the community. The organization's mission, in essence, is to contribute to the community through its educational offerings and positively influence the lives of its students. Venture International Academy's activities center around providing a platform for continued learning, fostering personal growth, and making a difference in the broader community.
What is the revenue of Venture International Academy Inc?
Venture International Academy Inc's revenue in 2024 was $171,960.
Who are the executives of Venture International Academy Inc and what are their salaries?
There 3 volunteers at Venture International Academy Inc.
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
Where can I find the form 990 for Venture International Academy Inc?
Venture International Academy Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Venture International Academy Inc
Venture International Academy, with a focus on charitable and educational purposes, operates as an adult continuing education organization. Its mission is to make a positive impact on the community by providing quality education services to 34 students. The academy strives to contribute to its community's wellbeing through its educational programs.
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Impact
August, 2024
Venture International Academy Inc's impact is primarily focused on providing education services to 34 students in Tavares, FL. By offering adult continuing education programs, the organization aims to make a positive impact on the community through its charitable and educational initiatives. This direct impact benefits individuals seeking to further their education and skills, contributing to their personal growth and potential career opportunities.
This information is meant to be a general summary of Venture International Academy 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 2024.
- Program Service Revenue: $171,960
- Gross Receipts: $171,960
Assets and Liabilities:
- Total Assets: $48,689
- Total Liabilities: $56,077
- Net Assets: -$7,388
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATION SERVICES
Revenue
$171,960
Organization Details
Founding Year
2009
Principal Officer
Dian Joy
NTEE Category
Code: B99 - Education
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