Overview
What is Prodigy Ventures Inc?
Prodigy Ventures Inc, located in Denver, Colorado, is a nonprofit organization dedicated to empowering youth from low-income communities. They achieve this through comprehensive professional development and hands-on learning experiences within their enterprises. The goal is to equip these young individuals with essential skills, social capital, and a deeper understanding of the modern economy, thereby contributing to local wealth creation. In 2022, 33 youths were trained in transferable workplace skills, 22 of whom worked as apprentices, earning an average hourly wage of $19.50 (including tips). Furthermore, 31 participants engaged in wellness services, and 3 were promoted into leadership roles. Notably, 100% of apprentices earned at least one industry-recognized certification, enhancing their employability beyond Prodigy Ventures, and 97% experienced increased earnings outcomes.
Official website here: www.prodigyventures.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Prodigy Ventures Inc has achieved an impressive score of 96%, indicating a strong performance in terms of accountability and finance. The organization has 100% independent board members and has excellent oversight on financial statements, showcasing strong governance practices. Their commitment to transparency is further evidenced by their appropriate policies in place, including conflict of interest and whistleblower policies.
In addition to solid financial management, Prodigy Ventures Inc demonstrates a commendable approach to culture and community, with a score of 91%. This reflects their dedication to equity strategies, which suggests they actively consider inclusivity and diversity within their operational framework. This level of engagement with equity is a positive indicator of their organizational values and community impact.
While there are no significant limitations noted in the data, it is crucial for potential donors and supporters to consider their mission and specific programs to ensure alignment with personal values. Overall, the high ratings from Charity Navigator affirm Prodigy Ventures Inc as a responsible and effective nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Prodigy Ventures Inc legitimate?
Prodigy Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prodigy 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: $100,616
Professional Fundraising Fees: $0
Other Salaries and Wages: $594,375
For more financial information, click here
Official website here: www.prodigyventures.org
What is the mission statement of Prodigy Ventures Inc?
Prodigy Ventures Inc aims to empower youth from low-income communities through high-quality professional development and hands-on learning experiences in a Prodigy enterprise. This initiative helps these individuals build essential skills, social capital, and understanding needed for success in the modern economy. Consequently, the program contributes to wealth creation within the local community. In 2022, 33 young adults were trained in transferable workplace skills, 22 worked as apprentices earning a competitive wage, 31 participated in wellness services, and 3 were promoted into leadership roles. Furthermore, 100% of apprentices earned at least one industry-recognized certification, enhancing their employability beyond Prodigy, and 97% reported an increase in their earning power outcomes.
Official website here: www.prodigyventures.org
Who is the CEO of Prodigy Ventures Inc?
Jeslin Shahrezaei is the Chair of Prodigy Ventures Inc.
Official website here: www.prodigyventures.org
What is the revenue of Prodigy Ventures Inc?
Prodigy Ventures Inc's revenue in 2022 was $1,746,092.
Official website here: www.prodigyventures.org
Who are the executives of Prodigy Ventures Inc and what are their salaries?
The average compensation at Prodigy Ventures Inc during 2022 was $15,108. There are 46 employees and 13 volunteers at Prodigy Ventures Inc.
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- Compensation: $100,837
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Official website here: www.prodigyventures.org
Where can I find the form 990 for Prodigy Ventures Inc?
Prodigy Ventures Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prodigyventures.org
Learn more at the official website: www.prodigyventures.org
Mission Statement of Prodigy Ventures Inc
Prodigy Ventures Inc, a nonprofit organization, seeks to empower youth from low-income communities in Denver through high-caliber professional development and hands-on learning experiences in a Prodigy Enterprise. This initiative aims to equip these young individuals with essential skills, social capital, and understanding necessary for thriving in the modern economy. Consequently, this fosters wealth creation within the local community.
In 2022, Prodigy Ventures Inc trained 33 young adults in transferable workplace skills. Among these trainees, 22 young adults served as apprentices, earning a competitive wage of $19.50 per hour, including tips. Additionally, 31 participants engaged in wellness services, including both group and individual therapy sessions. Furthermore, three of these young adults were promoted into leadership roles within the organization.
Notably, all apprentices at Prodigy Ventures Inc earned at least one industry-recognized certification, enhancing their employment prospects beyond the organization. Moreover, 97% of these apprentices witnessed improvements in their earning power outcomes. This data suggests that the program effectively prepares these young adults for successful careers in the broader economy.
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Impact
July, 2024
Prodigy Ventures Inc's impact can be seen in the tangible outcomes it has achieved through its high-caliber professional development programs and hands-on learning opportunities for youth from low-income communities in Denver. In 2022 alone, 33 young adults were trained in transferable workplace skills, with 22 working as apprentices and earning $19.50 per hour. Additionally, 31 participants accessed wellness services, including group and individual therapy, and 3 individuals were even promoted into leadership positions.
Furthermore, all apprentices earned at least one industry-recognized certification, which enhances their employability not only within Prodigy but also in the broader job market. Remarkably, 97% of participants experienced an increase in their earning power as a direct result of their engagement with Prodigy Ventures Inc.
By providing these opportunities for skill development, social capital building, and understanding of success in the new economy, Prodigy Ventures Inc is not only empowering individuals from underserved communities but also contributing to the overall wealth and well-being of the local community in Denver. Through their commitment and actions, Prodigy Ventures Inc is making a significant impact in opening doors to brighter futures for these young adults.
This information is meant to be a general summary of Prodigy 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: $4,161
- Gross Receipts: $1,956,356
Assets and Liabilities:
- Total Assets: $2,168,784
- Total Liabilities: $624,289
- Net Assets: $1,544,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,436
OTHER PROGRAM FEES
Revenue
$1,725
Organization Details
Founding Year
2015
Phone
(720) 785-0680Principal Officer
Jeslin Shahrezaei
Main Address
3801 EAST 40TH AVE, DENVER, CO, 80205
Website
www.prodigyventures.orgNTEE Category
Code: J20 - Employment
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