Overview
What is Ventures?
Ventures is a nonprofit organization based in Watsonville, California. With a focus on emergency relief and safety net services, Ventures aims to support community members in need who may feel uncomfortable engaging with institutions or are often overlooked. Their initiatives include UndocuFund Monterey Bay, providing financial aid to undocumented immigrant workers affected by emergencies, and Wildfires Relief Services for Immigrants, offering rental and food assistance to undocumented workers impacted by wildfires. Ventures' mission is to foster compassionate and equitable local economies that enhance community well-being. They strive to carry out their work in culturally appropriate, family-centered manners that eliminate barriers to economic equality. They also provide leadership development and financial education, create new financial and asset-building mechanisms, and uplift existing positive initiatives within the community. Ventures has a team of 15 employees dedicated to their cause.
Official website here: www.sccvonline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star Rating
Ventures has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's score is primarily based on its exceptional financial management and transparency, showcasing a commitment to ethical practices and effective governance. With a perfect score for having entirely independent board members and comprehensive oversight mechanisms, Ventures demonstrates robust accountability to its stakeholders.
The organization also excels in its financial ratios, with a program expense ratio of 95.60%, indicating that the majority of its funds are directed towards its mission-related activities. Its low liabilities-to-assets ratio of 5.89% further underscores its financial stability. The charity has established various policies, such as conflict of interest and whistleblower policies, contributing to a trustworthy operational framework.
However, while Ventures shows commendable fundraising efficiency, the ratio of $0.012 could suggest room for improvement in how it raises funds relative to its expenses. Overall, the charity's strong focus on accountability and effective use of resources positions it well within the nonprofit sector, although enhancing fundraising strategies may help maximize its impact further.
This AI summary has been generated from information found on Charity Navigator.
Is Ventures legitimate?
Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ventures 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: $129,860
Professional Fundraising Fees: $0
Other Salaries and Wages: $464,755
For more financial information, click here
Official website here: www.sccvonline.org
What is the mission statement of Ventures?
Ventures' mission is centered around establishing compassionate and equitable local economies that enhance community well-being. They are dedicated to carrying out their work in a manner that is family-oriented and culturally sensitive. Ventures aim to eliminate systemic barriers to economic equity, offer leadership development and financial education, including for children and youth. They also focus on developing innovative financial and asset-building tools. Moreover, they strive to amplify and reinforce the effective work already being done in the community.
Official website here: www.sccvonline.org
Who is the CEO of Ventures?
Divya Sharma is the Treasurer of Ventures.
Official website here: www.sccvonline.org
What is the revenue of Ventures?
Ventures's revenue in 2022 was $2,765,285.
Official website here: www.sccvonline.org
Who are the executives of Ventures and what are their salaries?
The average compensation at Ventures during 2022 was $39,641. There are 15 employees and 4 volunteers at Ventures.
Here are 8 key members and their salaries:
- Compensation: $129,860
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sccvonline.org
Where can I find the form 990 for Ventures?
Ventures's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sccvonline.org
Learn more at the official website: www.sccvonline.org
Mission Statement of Ventures
Ventures, a nonprofit organization, is dedicated to establishing compassionate and equitable local economies that contribute positively to community well-being. Committed to their mission, Ventures undertake their work in a manner that is family-centric, culturally appropriate, and focuses on removing systemic barriers to economic equity. They also prioritize providing leadership development and financial education, even extending this to children and youth.
In addition to these endeavors, Ventures are actively involved in exploring and developing new financial and asset-building vehicles. Their goal is not only to create opportunities for economic growth but also to amplify and support the remarkable work that is already being done within their communities. By adhering to these principles, Ventures aim to foster an environment that promotes economic equity and improves overall community well-being.
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Impact
July, 2024
Ventures is making a significant impact by creating compassionate and equitable local economies that contribute to the well-being of our communities. They focus on removing system-level barriers to economic equity, providing leadership development and financial education, developing new financial and asset-building vehicles, and lifting up and leveraging existing great work. Additionally, Ventures serves as a trusted intermediary during times of crisis, providing emergency relief and safety net services to community members in need. For example, UndocuFund Monterey Bay offers cash assistance to undocumented immigrant workers impacted by emergencies, while Wildfires Relief Services for Immigrants provides rental and food assistance to undocumented workers affected by the 2020 Monterey and Santa Cruz Wildfires, many of whom are farmworkers. Through their various initiatives and services, Ventures is actively working to improve the well-being of individuals and families in Watsonville, California, and beyond.
This information is meant to be a general summary of Ventures. 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.
- Investment Income: $1,032
- Program Service Revenue: $6,201
- Gross Receipts: $2,765,285
Assets and Liabilities:
- Total Assets: $2,747,879
- Total Liabilities: $161,954
- Net Assets: $2,585,925
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WORKSHOP INCOME
Revenue
$6,201
Organization Details
Founding Year
1989
Phone
(831) 200-1719Principal Officer
Divya Sharma
Main Address
PO BOX 2375, Watsonville, CA, 95077
Website
www.sccvonline.orgNTEE Category
Code: P33J - Human services
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