Overview
What is Venture Academies?
Venture Academies is a nonprofit institution located at 315 27th Ave SE, Minneapolis, MN 55414. Its primary mission is to foster the entrepreneurial spirit in students while helping them achieve individual goals and meet state educational standards. The organization aims to ignite the passion in young people, inspiring them to become innovative and entrepreneurial leaders who can shape the world. Venture Academies strives to enable students to achieve unprecedented learning growth, demonstrate character and leadership, and learn to identify opportunities, take initiative, and create solutions. The nonprofit employs a team of 95 individuals.
Official website here: www.ventureacademies.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 81% (Three-Star out of Four Stars )**ar rating)**
Venture Academies has received an 81% score from Charity Navigator, which is primarily based on its accountability and financial practices. The organization stands out with 66% of its board being independent members and receives high marks for its financial oversight, including an audit and whistleblower policy. However, it notably lacks a posted tax form on its website, which impacts its score negatively.
The charity's financial metrics are generally positive, showing a program expense ratio of 81.88%, indicating that a significant portion of its funds is directed towards its programs. Nevertheless, a liabilities to assets ratio of 125.44% raises concerns about its financial health. While the organization has a documented trend of revenue and expenses, areas like leadership, community culture, and impact measurement are not currently evaluated.
As there are no user reviews available from GreatNonprofits, more nuanced insights from individual experiences and sentiments about the nonprofit's effectiveness and community impact are not represented here. Overall, while Venture Academies shows financial accountability, further transparency and improvement in certain areas would enhance its standing.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Venture Academies?
96% of 18 reviewers on Facebook recommend Venture Academies, highlighting a positive perception among those who have engaged with the nonprofit. Many users appreciate the school's unique approach to education, noting that it fosters self-expression and allows students to have a say in their learning experiences.
A common theme in the reviews is the individualized teaching method, which supports students at their own pace. This approach appears to alleviate concerns about workload, making the educational experience more accessible and enjoyable for students.
Overall, Venture Academies is viewed favorably by its community, with many expressing satisfaction with the programs and support offered, signaling that the nonprofit successfully meets the needs of its students.
This AI summary has been generated from reviews found on Facebook.
Is Venture Academies legitimate?
Venture Academies is a legitimate nonprofit organization registered as a 501(c)(3) entity. Venture Academies 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: $310,187
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,985,126
For more financial information, click here
Official website here: www.ventureacademies.org
What is the mission statement of Venture Academies?
Venture Academies aims to inspire and empower young individuals, fostering a passion for innovation and entrepreneurial leadership. The mission of this educational institution is to facilitate unprecedented learning growth, cultivate character and leadership skills, and teach students to identify opportunities, take initiative, and develop solutions. The ultimate goal is to equip these young minds with the capability to contribute positively and bring about change in the world.
Official website here: www.ventureacademies.org
Who is the CEO of Venture Academies?
Michael Warner is the Chairperson of Venture Academies. The CEO's salary of Venture Academies is $110,313 and their total compensation is $127,286.
Official website here: www.ventureacademies.org
What is the revenue of Venture Academies?
Venture Academies's revenue in 2022 was $8,701,021.
Official website here: www.ventureacademies.org
Who are the executives of Venture Academies and what are their salaries?
The average compensation at Venture Academies during 2022 was $45,214. There are 95 employees and 10 volunteers at Venture Academies.
Here are 9 key members and their salaries (Venture Academies's CEO's salary is $110,313 and their total compensation is $127,286):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $79,070
- Related: $0
- Other: $13,626
- Compensation: $78,504
- Related: $0
- Other: $11,701
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $110,313
- Related: $0
- Other: $16,973
Official website here: www.ventureacademies.org
Where can I find the form 990 for Venture Academies?
Venture Academies's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ventureacademies.org
Learn more at the official website: www.ventureacademies.org
Mission Statement of Venture Academies
Venture Academies, a nonprofit organization, is dedicated to igniting the passion within young people, inspiring them to become innovative entrepreneurs and leaders who can shape the world. The institution's mission is multifaceted, aiming to enable these young individuals to achieve unprecedented growth in learning, demonstrate character and leadership, and cultivate the ability to envision opportunities, take initiative, and create solutions. By doing so, Venture Academies aspires to empower its students, guiding them towards individual goals while also adhering to state educational standards.
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Impact
July, 2024
Venture Academies ignites the passion of young people to become innovators and entrepreneurial leaders who will change the world. By enabling students to achieve unprecedented learning growth, demonstrate character and leadership, and learn to imagine opportunities, take initiative, and create solutions, Venture Academies is making a significant impact in Minneapolis, MN. Through its focus on growing the entrepreneurial spirit while also helping students reach their individual goals and state educational standards, Venture Academies is shaping the next generation of leaders and change-makers in the field of education.
This information is meant to be a general summary of Venture Academies. 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: $14,729
- Gross Receipts: $8,701,021
Assets and Liabilities:
- Total Assets: $5,505,503
- Total Liabilities: $6,777,345
- Net Assets: -$1,271,842
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER PROGRAM REVENUE
Revenue
$9,647
CHARGES FOR SERVICES
Revenue
$5,082
Organization Details
Founding Year
2012
Phone
(612) 345-9040Principal Officer
Michael Warner
Main Address
315 27TH AVE SE, MINNEAPOLIS, MN, 55414
Website
www.ventureacademies.orgNTEE Category
Code: B29 - Education
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