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Community Venture Foundation

Startup Junkie Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 473941079 ✦ Fayetteville, AR ✦ Designated as a 501(c)(3)

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Overview

What is Community Venture Foundation?

The Community Venture Foundation, also known as Startup Junkie Foundation, is a nonprofit organization situated in Fayetteville, Arkansas. Their primary mission is to empower innovators and entrepreneurs by providing no-cost consulting services on various aspects of starting and growing a venture. This includes hosting events, workshops, and programs to help connect founders with necessary capital, talent, and vital relationships. Their activities aim to educate, inspire, and support entrepreneurs and innovators, ultimately fostering a thriving entrepreneurial ecosystem. The foundation employs a team of 10 individuals dedicated to this cause.


Official website here: www.startupjunkie.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81%, Three-Star out of Four Star rating.

The Community Venture Foundation has received an 81% rating from Charity Navigator, signifying a solid performance in accountability and finance. The score reflects a commendable commitment to transparency and sound financial practices, with a particular strength in governance, as indicated by the presence of an entirely independent board.

The organization excels in various metrics, including its program expense ratio of 74.68%, which shows that a significant portion of its funds is directed towards its programs. Additionally, it has no reported issues with asset diversion, contributing to its favorable financial health, as evidenced by a low liabilities-to-assets ratio of 21.19%.

However, while the foundation demonstrates strong practices in governance and financial accountability, the rating is based solely on these aspects, with no additional information available regarding its programmatic impact or overall effectiveness in achieving its mission.


This AI summary has been generated from information found on Charity Navigator.

Is Community Venture Foundation legitimate?

Community Venture Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Venture Foundation 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: $132,010
Professional Fundraising Fees: $0
Other Salaries and Wages: $382,084

For more financial information, click here


Official website here: www.startupjunkie.org

What is the mission statement of Community Venture Foundation?

The Community Venture Foundation, often referred to as Startup Junkie Foundation, is dedicated to fostering entrepreneurship and innovation. They achieve this by offering no-cost one-on-one consulting services, organizing events, workshops, and programs, and providing access to capital and talent. The organization's aim is to educate and inspire entrepreneurs and innovators, helping them navigate the complexities of starting and growing a venture. By building connections to essential resources, the Community Venture Foundation empowers founders to succeed in their entrepreneurial journey.


Official website here: www.startupjunkie.org

Who is the CEO of Community Venture Foundation?

Caleb Talley is the Board Member of Community Venture Foundation.


Official website here: www.startupjunkie.org

What is the revenue of Community Venture Foundation?

Community Venture Foundation's revenue in 2022 was $612,064.


Official website here: www.startupjunkie.org

Who are the executives of Community Venture Foundation and what are their salaries?

The average compensation at Community Venture Foundation during 2022 was $51,409. There are 10 employees and 5 volunteers at Community Venture Foundation.


Here are 6 key members and their salaries:


Ronnie Brewer (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amy Callahan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Sanker (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Sides (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Calvin Smith (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caleb Talley (Executive Director)
  • Compensation: $132,010
  • Related: $0
  • Other: $0


Official website here: www.startupjunkie.org

Where can I find the form 990 for Community Venture Foundation?

Community Venture Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.startupjunkie.org

Learn more at the official website: www.startupjunkie.org

Mission Statement of Community Venture Foundation

The Community Venture Foundation, commonly known as Startup Junkie Foundation, is dedicated to fostering innovation and entrepreneurship. They accomplish this by offering no-cost, one-on-one consulting services to aspiring entrepreneurs and innovators. This personalized guidance encompasses various aspects of launching and growing a venture. Furthermore, the organization hosts events, workshops, and programs that serve to expand entrepreneurs' networks, connecting them with vital resources such as capital and talent. By providing these services, the Community Venture Foundation aims to empower and support individuals with innovative ideas, fostering a thriving entrepreneurial community.

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Impact




July, 2024

Community Venture Foundation, also known as Startup Junkie Foundation, empowers innovators and entrepreneurs by providing entrepreneurship education through free one-on-one consulting on all aspects of starting and scaling a venture. They host events, workshops, and programs that help build connections to capital, talent, and key relationships for founders. This organization's impact can be seen in the education, inspiration, and support it provides to entrepreneurs and innovators, ultimately helping them succeed in their ventures.




This information is meant to be a general summary of Community Venture Foundation. 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.

Revenue
$612,064 (2022)
Expenses
$1,069,942 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $612,064

Assets and Liabilities:

  • Total Assets: $856,682
  • Total Liabilities: $181,565
  • Net Assets: $675,117

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Organization Details

Founding Year

2015

Principal Officer

Caleb Talley

Main Address

1 EAST CENTER ST SUITE 270, FAYETTEVILLE, AR, 72701

NTEE Category

Code: B60 - Education

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