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New Ventures Inc

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

EIN: 581124234 ✦ Lagrange, GA ✦ Designated as a 501(c)(3)

Overview

What is New Ventures Inc?

New Ventures Inc, established in 1971, is a nonprofit organization based in LaGrange, Georgia. Originally functioning as a sheltered workshop for adults with developmental disabilities, it provided work programs and leisure activities. Over time, the organization expanded its services in response to community needs, incorporating work evaluation, work adjustment, sheltered employment, and job placement. The mission of New Ventures Inc evolved to become a training company, teaching crucial skills for successful employment. Today, it caters to individuals with various barriers to employment, such as homelessness, lack of education, work experience, transportation, or criminal history, among others. With a dedicated workforce of 110 employees, New Ventures Inc continues to support individuals in Troup County, Georgia, in their employment journey.


Is New Ventures Inc legitimate?

New Ventures Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,686,647

For more financial information, click here


What is the mission statement of New Ventures Inc?
Who is the CEO of New Ventures Inc?
What is the revenue of New Ventures Inc?
Who are the executives of New Ventures Inc and what are their salaries?
Where can I find the form 990 for New Ventures Inc?

Mission Statement of New Ventures Inc

New Ventures Inc, established in 1971, has been serving its community for 50 years, initially operating as a sheltered workshop for the West Georgia area. Initially, the organization provided work programs and leisure activities for adults with developmental disabilities. However, in response to community needs, New Ventures Inc expanded its services to include work evaluation, work adjustment, sheltered employment, and job placement. Years later, the job training program expanded further to serve individuals with various barriers to employment, such as homelessness, lack of education, lack of work experience, lack of transportation, and criminal history, among others. As a result of these expansions, New Ventures Inc established its mission as a training company that teaches necessary skills for successful employment. The organization continues to serve as a vital resource for individuals facing employment challenges, providing them with the tools and support necessary to overcome these barriers and achieve their employment goals.

Impact

This information is meant to be a general summary of New Ventures Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

New Ventures Inc's impact is significant as it provides training and employment opportunities to individuals who need long-term support in gaining necessary skills for successful employment. Started in 1971, this organization has been serving Troup County for 50 years, initially focusing on work programs and leisure activities for adults with developmental disabilities. Over the years, their programs have evolved to include work evaluation, adjustment, sheltered employment, and job placement, catering not only to individuals with developmental disabilities but also to those facing other barriers to employment such as homelessness, lack of education, work experience, transportation, and criminal history. By expanding their services to address a broader spectrum of needs, New Ventures Inc plays a crucial role in equipping individuals with the tools they require to secure and maintain meaningful employment opportunities.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $85
  • Program Service Revenue: $2,692,803
  • Gross Receipts: $5,129,281

    • Assets and Liabilities:
  • Total Assets: $5,150,006
  • Total Liabilities: $435,907
  • Net Assets: $4,714,099
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PRODUCT SALES

    Revenue

    $1,082,513

    PRODUCTION SERVICES

    Revenue

    $694,189

    CLEANING SERVICE

    Revenue

    $543,623

    RECYCLING PROGRAM

    Revenue

    $322,137

    LANDSCAPING SERVICES

    Revenue

    $36,837

    Organization Details

    Founding Year

    1978

    Principal Officer

    Mike Wilson

    Main Address

    150 LUKKEN INDUSTRIAL DRIVE E, LAGRANGE, GA, 30240

    NTEE Category

    Code: J300 - Employment

    If you are a representative of New Ventures Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.