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.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% - Three-Star out of Four Star rating from Charity Navigator.
New Ventures Inc has received a strong rating of 86%, reflecting its commitment to accountability and financial integrity. The organization demonstrates exceptional oversight with a fully independent board and robust financial practices, including a favorable liabilities to assets ratio. These factors contribute to its overall rating and reinforce confidence in its operational effectiveness.
Strengths of New Ventures Inc include its high program expense ratio of nearly 78%, indicating that a significant portion of its funds directly supports its mission-related activities. The charity maintains transparency through documented board meeting minutes and a clear conflict of interest policy, which further showcases its commitment to ethical governance.
While the organization shows strong performance in several areas, there may be room for improvement in areas not covered by the available data. Overall, New Ventures Inc is well-positioned in terms of its financial health and governance, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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?
New Ventures Inc, established in 1971, has been serving for five decades, initially offering shelter workshops and leisure activities for adults with developmental disabilities in the West Georgia area. Recognizing community needs, the organization expanded its services to include work evaluation, work adjustment, sheltered employment, and job placement. Over time, the job training program was further expanded to cater to individuals with various barriers to employment, such as homelessness, lack of education, lack of work experience, transportation issues, and criminal histories, among others. This expansion led to the establishment of New Ventures Inc's mission: New Ventures Inc is a training company that teaches essential skills for successful employment.
Who is the CEO of New Ventures Inc?
Mike Wilson is the Chairman of New Ventures Inc.
What is the revenue of New Ventures Inc?
New Ventures Inc's revenue in 2023 was $5,119,119.
Who are the executives of New Ventures Inc and what are their salaries?
The average compensation at New Ventures Inc during 2023 was $15,333. There are 110 employees at New Ventures Inc.
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- Compensation: $92,956
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Where can I find the form 990 for New Ventures Inc?
New Ventures Inc's most recent form 990 was submitted in 2023 and can be accessed here.
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.
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Impact
July, 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.
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.
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 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
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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
Phone
(706) 882-7723Principal Officer
Mike Wilson
Main Address
150 LUKKEN INDUSTRIAL DRIVE E, LAGRANGE, GA, 30240
NTEE Category
Code: J300 - Employment
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