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Nonprofiteer
← VENTURE CENTRAL INC

Form 990 for tax year 2025

Filed by VENTURE CENTRAL INC.

Totals

Total revenue
$611,234
Total expenses
$584,435
Contributions and grants received
$610,084
Grants paid
$0
Program service revenue
$1,150
Investment income
$0
Other revenue
$0
Total assets, end of year
$339,545
Total liabilities, end of year
$19,738
Net assets or fund balances, end of year
$319,807
Program services expenses (Part IX)
$498,616
Management and general expenses
$73,982
Fundraising expenses
$11,837
Program service expenses (Part III)
$498,616

Program services were 85.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $460,084

  • 1f · All other contributions, gifts and grants

    $150,000

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Conference Presentation

    total $1,150 · related or exempt $1,150 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $140,000 · program services $105,000 · management and general $28,000 · fundraising $7,000

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $262,582 · program services $262,582 · management and general $0

  • 9 · Other employee benefits

    total $47,347 · program services $42,603 · management and general $3,795 · fundraising $949

  • 10 · Payroll taxes

    total $30,216 · program services $27,538 · management and general $2,142 · fundraising $536

  • 11c · Fees: accounting

    total $9,450 · management and general $9,450

  • 11d · Fees: lobbying

    total $67 · management and general $67

  • 11e · Fees: professional fundraising services

    total $3,000 · fundraising $3,000

  • 11g · Fees: other

    total $38,503 · program services $31,243 · management and general $7,260

  • 12 · Advertising and promotion

    total $5,896 · program services $4,175 · management and general $1,450 · fundraising $271

  • 13 · Office expenses

    total $6,902 · program services $3,123 · management and general $3,698 · fundraising $81

  • 14 · Information technology

    total $14,112 · program services $3,669 · management and general $10,443

  • 16 · Occupancy

    total $967 · management and general $967

  • 17 · Travel

    total $5,468 · program services $3,198 · management and general $2,270

  • 19 · Conferences, conventions and meetings

    total $5,844 · program services $5,827 · management and general $17

  • 23 · Insurance

    total $812 · management and general $812

  • 24a · Other expenses: Memberships, Dues, Registrations

    total $2,973 · program services $2,220 · management and general $753

  • 24b · Other expenses: Food & Meals

    total $6,356 · program services $4,882 · management and general $1,474

  • 24c · Other expenses: Training & Prof Dev

    total $1,293 · program services $1,291 · management and general $2

  • 24e · All other expenses

    total $2,647 · program services $1,265 · management and general $1,382

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $184,018 · end of year $152,962

  • 4 · Accounts receivable

    beginning of year $139,361 · end of year $174,541

  • 15 · Other assets

    beginning of year $16,895 · end of year $12,042

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,646 · end of year $19,738

  • 25 · Other liabilities

    beginning of year $2,620

  • 27 · Net assets without donor restrictions

    beginning of year $232,208 · end of year $202,160

  • 28 · Net assets with donor restrictions

    beginning of year $60,800 · end of year $117,647

Mission and programs · 2025

Mission

Venture Central's mission is to serve and strengthen the Central Virginia entrepreneurial community by building and bridging connections, programs, funding, and spaces. We collaborate with regional entrepreneurs and business support partners for the advancement of the entrepreneurial ecosystem in Central Virginia.

Activities or mission (Part I)

Venture Central's mission is to serve and strengthen the Central Virginia entrepreneurial community by building and bridging connections, programs, funding, and spaces.

  • Venture Central is host to the 434 Accelerator program - an early stage innovation commercialization program that provides startup companies with space, programming, interns, mentorship, connection to resources, individualized coaching and community. The program is Central Virginia centric with cohort companies primarily coming from the City of Charlottesville and Albemarle County.

    Expenses $256,513 · Revenue $313,000

  • Venture Central hosts the Venture Central Food and Beverage consumer packaged goods (CPG) project. The Food & Beverage Business Accelerator is an initiative to help food and non-alcoholic beverage manufacturers scale. A 2025 planning grant from GO Virginia Region 9 produced a 46-page report that assessed the regional ecosystem, validated market demand, benchmarked successful models, and designed an implementation-ready framework. The report presented data-driven findings that recommended the establishment of a Food & Beverage CPG Business Accelerator in Region 9.

    Expenses $99,271 · Revenue $95,879

  • Venture Central convened stakeholders and offered advisory support to projects, programs, and ESOs that support the regional entrepreneurial ecosystem. It facilitated a regional CEO forum consisting of growth-stage CEOs and convened industry and entrepreneurship groups to support education, connection, and coordination - designed to advance a more collaborative and supportive ecosystem in which businesses can thrive. In 2025 Venture Central conducted the Homegrown Innovators event, formed a regional CEO Advisory Board which shared needs and policy considerations, coordinated an entrepreneur service organization advisory group to enhance information sharing and collaboration, developed and expanded an ecosystem resource map, completed the Regional Entrepreneurship Initiative grant, applied for two grants, and supported advancement of a statewide angel network project.

    Expenses $71,627 · Revenue $31,150

  • GoVA REI (Regional Entrepreneurship Initiative) for Region 9: Counties of Albemarle, Culpeper, Fauquier, Fluvanna, Louisa, Madison, Nelson and Orange, the city of Charlottesville and the town of Culpeper. The Community Investment Collaborative (CIC), in partnership with Venture Central developed a regional strategy to strengthen and grow the GO Virginia Region 9 entrepreneurial ecosystem. The project engaged a broad range of stakeholders in the region, inventoried available resources and small business funding sources, and developed actionable strategies to increase the rate of new business formation and improve survival rates for early-stage businesses in urban and rural areas. The REI Report "Thrive In Place" was finalized in October of 2024 and an Action Plan was produced in 2025 to highlights gaps and make recommendations based on the report.

    Expenses $71,205 · Revenue $71,205

As filed on the 2025 return.

Listed in Part VII

  • David Touve

    434 Managing Director

    Total calculated
    $162,598
    From this org
    $149,000
    From related orgs
    $0
    Other
    $13,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $13,598
    Filer's total
    $162,598

  • Rebecca Haydock

    CEO

    Total calculated
    $158,976
    From this org
    $140,000
    From related orgs
    $0
    Other
    $18,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,976
    Filer's total
    $158,976

  • Timothy Harvey

    Board Chair

    Total calculated
    $0
    Hours/week
    2

  • John Gaskins

    Vice Chair & Board Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Don Long

    Board Secretary

    Total calculated
    $0
    Hours/week
    2

  • Lianne Landers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sarah Rumbaugh

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charlie Rogers

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Engel

    Director

    Total calculated
    $0
    Hours/week
    1

  • Emily Kilroy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Pyam Pourtaheri

    Director

    Total calculated
    $0
    Hours/week
    1

  • Daniel Bailey

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
13 May 2026
IRS schema version
2025v4.0
Source object
202601359349313675

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