Overview
What is Ventures?
Ventures is a nonprofit organization situated in Seattle, Washington, with a mission to empower individuals with limited resources and vast potential to better their lives through small business ownership. They offer a range of services, including business training courses, workshops, and coaching. Over 155 individuals have participated in orientation workshops, while 157 clients have engaged in business basics courses. Moreover, 412 clients have benefited from 2,101 hours of advanced business coaching provided by Ventures. Their activities are geared towards fostering entrepreneurship and enabling individuals to improve their livelihoods through small business ventures, employing a total of 33 staff members.
Official website here: www.venturesnonprofit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Ventures has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial transparency. The organization scored 100% in both Accountability & Finance and Leadership & Adaptability, highlighting its effective management practices and commitment to ethical governance. Notably, the board is entirely composed of independent members, which enhances its credibility and operational integrity.
The nonprofit demonstrates strong financial health with a low liabilities-to-assets ratio of 23.70% and a program expense ratio of 72.73%, indicating that a significant portion of its budget is directed towards its mission-driven activities. Furthermore, the organization showcases efficient fundraising practices with a fundraising efficiency ratio of $0.14, meaning it raises substantial funds for its programs relative to the cost of fundraising.
Ventures has also proven its adaptability by responding effectively to challenges posed by the COVID-19 pandemic while maintaining a focus on its strategic goals, which include creating a client-led model and fostering a culture of empowerment. Overall, the organization exhibits robust financial management, strategic vision, and a commitment to continuous improvement, positioning it well for future impact.
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: $1,649,072
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.venturesnonprofit.org
What is the mission statement of Ventures?
Ventures' mission is centered around empowering individuals with limited resources and infinite potential, enabling them to enhance their lives through small business ownership. This organization provides various resources, including business training courses, workshops, and coaching, to help individuals develop and grow their businesses. So far, Ventures has conducted orientation workshops for 155 individuals, offered business basics courses to 157 clients, and provided advanced workshops and business coaching to 412 clients, totaling over 2,100 coaching hours.
Official website here: www.venturesnonprofit.org
Who is the CEO of Ventures?
Octaiviea Renee is the President of Ventures.
Official website here: www.venturesnonprofit.org
What is the revenue of Ventures?
Ventures's revenue in 2022 was $2,657,913.
Official website here: www.venturesnonprofit.org
Who are the executives of Ventures and what are their salaries?
The average compensation at Ventures during 2022 was $49,972. There are 33 employees and 42 volunteers at Ventures.
Here are 15 key members and their salaries:
- Compensation: $124,067
- Related: $0
- Other: $10,493
- 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: $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: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.venturesnonprofit.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.venturesnonprofit.org
Learn more at the official website: www.venturesnonprofit.org
Mission Statement of Ventures
Ventures, a nonprofit organization, is dedicated to empowering individuals with limited resources and boundless potential. Its mission is centered around enhancing lives through the avenue of small business ownership. By providing business training courses, workshops, and coaching sessions, Ventures aims to equip individuals with the necessary skills and support to thrive in entrepreneurship. The organization has conducted various orientation workshops for 155 individuals, business basics courses for 157 clients, and advanced workshops, totalling 2,101 hours of business coaching for 412 clients. Ventures' mission is not just about teaching business skills but also about fostering an environment where individuals can unlock their potential and improve their lives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Ventures empowers individuals with limited resources and unlimited potential to improve their lives through small business ownership. They provide business training courses, workshops, and coaching to equip these individuals with the knowledge and skills needed to succeed. With offerings like orientation workshops, business basics courses, and advanced workshops, Ventures has helped hundreds of clients enhance their entrepreneurial abilities. Additionally, through over 2,100 hours of business coaching, Ventures has made a tangible impact on 412 clients, helping them navigate the challenges of starting and running a small business. This organization, based in Seattle, WA, is making a difference in the lives of individuals by fostering entrepreneurship and self-sufficiency.
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: $2,210
- Program Service Revenue: $64,852
- Gross Receipts: $2,657,913
Assets and Liabilities:
- Total Assets: $3,910,500
- Total Liabilities: $927,062
- Net Assets: $2,983,438
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RETAIL INCUBATOR FEES
Revenue
$46,192
CLASS PARTICIPATION FEE
Revenue
$14,609
MICROLOAN FEES
Revenue
$4,051
Organization Details
Founding Year
1995
Principal Officer
Octaiviea Renee
Main Address
2100 24TH AVE SOUTH STE 380, SEATTLE, WA, 98144
Website
www.venturesnonprofit.orgNTEE Category
Code: B99 - Education
If you are a representative of Ventures 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.