Overview
What is Defy Ventures Inc?
Defy Ventures Inc is a nonprofit organization located in New York, New York, specifically at 5 PENN PLAZA 19TH FLOOR. Since its inception in 2010, it has been dedicated to providing a second chance for individuals with criminal histories. Through its personal development, career readiness, and entrepreneurship training programs, Defy Ventures has served over 6,900 entrepreneurs in training across seven states. The organization also engages over 7,200 executive volunteers from various sectors, providing mentorship and business coaching. Defy Ventures has secured employment partners, resulting in 9 jobs for released program participants, boasting a low recidivism rate and high employment rate for its graduates. The organization has also launched over 175 businesses and raised over $36.5 million in funding since its inception. Defy Ventures' mission is to shift mindsets and provide opportunities for individuals with criminal histories to thrive in society.
Official website here: www.defyventures.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Defy Ventures Inc has received a high rating of 96%, indicating strong performance in accountability and financial management. With an Accountability & Finance Score of 97, the organization demonstrates a commitment to transparency, with 100% of board members being independent. They have robust policies in place regarding conflict of interest, whistleblowing, and document retention, which contributes to their high standing.
The nonprofit also shows solid performance in leadership and adaptability, scoring 100 in this area. Defy Ventures has made notable investments in leadership development and has effectively adapted to challenges presented by the pandemic. Their program expense ratio is commendable at 76.56%, suggesting that a significant portion of their funding is directed towards their mission-driven programs.
While the organization excels in many areas, the Culture & Community Score of 81 indicates potential for growth. This may suggest that while they are performing well, there are opportunities to enhance engagement and community involvement further. Overall, Defy Ventures Inc appears to be a well-managed organization with a strong focus on accountability and program delivery.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Defy Ventures Inc?
96% of 82 reviewers on Facebook recommend Defy Ventures Inc. Here is a summary of their reviews: Many individuals express a strong sense of satisfaction with the programs offered by the nonprofit. A reviewer highlighted their positive personal experience, conveying happiness and gratitude towards the organization.
Testimonials indicate that Defy Ventures Inc effectively supports its mission, particularly in empowering and transforming the lives of participants. The overall sentiment reflects a community that appreciates the support and opportunities provided.
Overall, it's clear that the nonprofit has made a significant impact on those it serves, with participants feeling hopeful and appreciative of the resources and assistance available to them.
This AI summary has been generated from reviews found on Facebook.
Is Defy Ventures Inc legitimate?
Defy Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Defy 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: $285,942
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,678,759
For more financial information, click here
Official website here: www.defyventures.org
What is the mission statement of Defy Ventures Inc?
Defy Ventures Inc's mission is to transform perspectives and offer a second chance to individuals with criminal histories. Their mission is achieved by providing personal development, career readiness, and entrepreneurship training. Defy Ventures aims to reduce the recidivism rate by half through entrepreneurship, thereby increasing economic opportunities and improving lives. Since 2012, they have served over 6,900 entrepreneurs in training, engaged over 7,200 executive volunteers, and secured employment partners for their program graduates. Their efforts have resulted in a low recidivism rate and a high employment rate for their participants.
Paraphrased Answer:
Defy Ventures Inc is dedicated to altering perceptions and offering a chance at redemption for individuals with criminal records. They accomplish this by offering personal development, job readiness, and business training. The organization aims to decrease the recidivism rate by half through entrepreneurship, thus enhancing economic prospects and enhancing lives. Since its inception in 2012, Defy Ventures has served over 6,900 entrepreneurs-in-training, engaged over 7,200 executive volunteers, and secured employment partners for its program graduates. Their initiatives have led to a low recidivism rate and a high employment rate for the individuals they serve.
Official website here: www.defyventures.org
Who is the CEO of Defy Ventures Inc?
Andrew Glazier is the President & Ceo of Defy Ventures Inc. The CEO's salary of Defy Ventures Inc is $120,954 and their total compensation is $121,057.
Official website here: www.defyventures.org
What is the revenue of Defy Ventures Inc?
Defy Ventures Inc's revenue in 2022 was $3,223,061.
Official website here: www.defyventures.org
Who are the executives of Defy Ventures Inc and what are their salaries?
The average compensation at Defy Ventures Inc during 2022 was $35,722. There are 55 employees and 550 volunteers at Defy Ventures Inc.
Here are 18 key members and their salaries (Defy Ventures Inc's CEO's salary is $120,954 and their total compensation is $121,057):
- Compensation: $146,354
- Related: $0
- Other: $18,331
- Compensation: $120,954
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- Other: $103
- Compensation: $110,616
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- Other: $29,210
- Compensation: $108,245
- Related: $0
- Other: $7,955
- Compensation: $105,597
- Related: $0
- Other: $7,178
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Official website here: www.defyventures.org
Where can I find the form 990 for Defy Ventures Inc?
Defy Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.defyventures.org
Learn more at the official website: www.defyventures.org
Mission Statement of Defy Ventures Inc
Defy Ventures Inc, a nonprofit organization, is committed to transforming the lives of individuals with criminal histories by providing them with a second chance. The mission of Defy Ventures is to shift perspectives and create opportunities for these individuals, equipping them with personal development, career readiness, and entrepreneurship skills. Defy Ventures' vision is to significantly reduce recidivism rates by leveraging entrepreneurship to boost economic opportunities and foster personal growth.
Since its inception, Defy Ventures has made substantial strides in achieving its mission. The organization has served over 6,900 entrepreneurs in training (EITS) through its rigorous in-prison and post-release programs. EITS participants undergo a six-to-nine-month curriculum, culminating in a business pitch competition and graduation. Post-release, Defy Ventures offers workshops, mentoring, and a business incubator to support their journey.
Moreover, Defy Ventures has engaged over 7,200 executive volunteers from various sectors, including finance, technology, and entrepreneurship. These volunteers contribute as judges, mentors, and resume coaches, providing valuable guidance and resources to the EITS. Defy Ventures has expanded its reach to seven states and secured employment partners to offer job opportunities to released EITS graduates. As a result, Defy Ventures has recorded impressive statistics, such as a one-year recidivism rate of less than 10% and an 84% employment rate for program graduates. The organization has also launched over 175 businesses and raised over $36.5 million in private and public funding since its inception in 2010.
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Impact
October, 2024
Defy Ventures Inc has made a significant impact on the lives of individuals with criminal histories by providing them with the tools and support needed to successfully reintegrate into society. Since its inception, the organization has served over 6,900 entrepreneurs in training through rigorous programs designed to enhance personal development, career readiness, and entrepreneurship skills. This six- to nine-month curriculum culminates in a business pitch competition, fostering essential skills while empowering participants to envision a brighter future.
The organization has effectively engaged over 7,200 executive volunteers from diverse backgrounds, including finance, technology, and entrepreneurship. These volunteers not only serve as mentors but also provide valuable insights during business pitch competitions, fostering a professional network for participants. Defy's reach has expanded across seven states, significantly increasing its influence and ability to create change.
The results of Defy's initiatives are compelling. With a noteworthy one-year recidivism rate of less than 10% and an 84% employment rate for program graduates, the organization demonstrates a profound ability to transform lives. By launching over 175 businesses with seed funding and providing access to employment partners, Defy Ventures is turning the tide on the stigmas associated with individuals who have criminal histories. Through its commitment to shifting mindsets, Defy Ventures continues to make strides in reducing recidivism and increasing economic opportunities for those seeking a second chance.
This information is meant to be a general summary of Defy 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.
- Investment Income: $11,606
- Program Service Revenue: $68,524
- Gross Receipts: $3,265,849
Assets and Liabilities:
- Total Assets: $3,255,603
- Total Liabilities: $856,605
- Net Assets: $2,398,998
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICES
Revenue
$68,524
Organization Details
Founding Year
2010
Phone
(720) 231-7085Principal Officer
Andrew Glazier
Main Address
5 PENN PLAZA 19TH FLOOR, NEW YORK, NY, 10001
Website
www.defyventures.orgNTEE Category
Code: B90 - Education
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