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Nonprofiteer
← VENTURE

Form 990 for tax year 2023

Filed by VENTURE.

Totals

Total revenue
$7,644,584
Total expenses
$7,557,791
Contributions and grants received
$7,430,587
Grants paid
$4,782,696
Program service revenue
$135,888
Investment income
$87,706
Other revenue
-$9,597
Total assets, end of year
$4,464,155
Total liabilities, end of year
$229,823
Net assets or fund balances, end of year
$4,234,332
Program services expenses (Part IX)
$6,813,434
Management and general expenses
$486,007
Fundraising expenses
$258,350
Program service expenses (Part III)
$6,813,434

Program services were 90.2% 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.

  • 1c · Fundraising events

    $332,066

  • 1f · All other contributions, gifts and grants

    $7,098,521

  • 1g · Noncash contributions included above

    $2,475,423

  • 2a · Program service revenue: REGISTRATION FEES

    total $135,888 · related or exempt $135,888

  • 3 · Investment income

    total $59,867 · excluded $59,867

  • 7a · Gross sales of assets other than inventory

    securities $2,028,891 · other assets $10,000

  • 7b · Less cost or other basis and sales expenses

    securities $2,011,052 · other assets $0

  • 7c · Gain or loss

    securities $17,839 · other assets $10,000

  • 7d · Net gain or loss

    total $27,839 · excluded $27,839

  • 8a · Fundraising events: gross income

    $0

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

    $332,066

  • 8b · Fundraising events: direct expenses

    $9,597

  • 8c · Net income from fundraising events

    total -$9,597 · excluded -$9,597

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $330,460 · program services $330,460

  • 2 · Grants to domestic individuals

    total $174,994 · program services $174,994

  • 3 · Grants to foreign organizations and individuals

    total $4,277,242 · program services $4,277,242

  • 5 · Compensation of officers, directors and key employees

    total $203,691 · program services $138,163 · management and general $46,648 · fundraising $18,880

  • 7 · Other salaries and wages

    total $858,267 · program services $582,160 · management and general $196,555 · fundraising $79,552

  • 10 · Payroll taxes

    total $47,929 · program services $35,947 · management and general $11,982

  • 11a · Fees: management

    total $27,100 · program services $7,350 · management and general $19,750

  • 11b · Fees: legal

    total $6,673 · program services $6,673

  • 11c · Fees: accounting

    total $65,809 · program services $2,400 · management and general $63,409

  • 11f · Fees: investment management

    total $14,093 · management and general $14,093

  • 12 · Advertising and promotion

    total $59,272 · program services $31,560 · management and general $6,679 · fundraising $21,033

  • 13 · Office expenses

    total $11,080 · program services $5,113 · management and general $3,380 · fundraising $2,587

  • 14 · Information technology

    total $116,583 · program services $44,744 · management and general $36,909 · fundraising $34,930

  • 16 · Occupancy

    total $27,733 · program services $4,836 · management and general $22,897

  • 19 · Conferences, conventions and meetings

    total $33,155 · program services $7,316 · management and general $24,463 · fundraising $1,376

  • 22 · Depreciation, depletion and amortization

    total $95,530 · program services $93,841 · fundraising $1,689

  • 23 · Insurance

    total $85,128 · program services $66,711 · management and general $18,417

  • 24a · Other expenses: TOUR EXPENSES

    total $536,695 · program services $536,695

  • 24b · Other expenses: MISSION EXPENSES

    total $382,460 · program services $382,460

  • 24c · Other expenses: BANK FEES

    total $59,109 · program services $7,196 · management and general $1,853 · fundraising $50,060

  • 24d · Other expenses: FUNDRAISING EVENT EXPEN

    total $44,231 · program services $16,261 · fundraising $27,970

  • 24e · All other expenses

    total $100,557 · program services $61,312 · management and general $18,972 · fundraising $20,273

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,004,980 · end of year $2,306,425

  • 2 · Savings and temporary cash investments

    end of year $611,801

  • 3 · Pledges and grants receivable

    beginning of year $112,000 · end of year $35,720

  • 8 · Inventories for sale or use

    beginning of year $195,955 · end of year $157,553

  • 9 · Prepaid expenses and deferred charges

    beginning of year $44,025 · end of year $24,775

  • 10a · Land, buildings and equipment: cost or other basis

    $385,014

  • 10b · Land, buildings and equipment: accumulated depreciation

    $219,070

  • 10c · Land, buildings and equipment, net

    beginning of year $181,588 · end of year $165,944

  • 11 · Investments: publicly traded securities

    beginning of year $1,726,181 · end of year $1,145,437

  • 14 · Intangible assets

    beginning of year $16,500 · end of year $16,500

  • 17 · Accounts payable and accrued expenses

    beginning of year $66,094 · end of year $72,270

  • 18 · Grants payable

    beginning of year $195,955 · end of year $157,553

  • 27 · Net assets without donor restrictions

    beginning of year $953,366 · end of year $1,627,818

  • 28 · Net assets with donor restrictions

    beginning of year $3,065,814 · end of year $2,606,514

Mission and programs · 2023

Mission

VENTURE WORKS IN THE LEAST REACHED AREAS OF THE WORLD WHERE MILLIONS OF PEOPLE ARE SUFFERING FROM WAR, HUMAN TRAFFICKING, AND OPPRESSION. IN THESE TOUGH PLACES, VENTURE EQUIPS LOCAL CHRISTIAN LEADERS TO MEET URGENT NEEDS AND BRING THE HOPE OF JESUS, SO COMMUNITIES CAN EXPERIENCE GENERATIONAL TRANSFORMATION.

Activities or mission (Part I)

WE SPEND OUR GREATEST ENERGY ON THE WORLD'S GREATEST NEEDS AS AN ACTIVE RESPONSE TO THE GOSPEL.

  • VENTURE PARTNERS WITH LOCAL LEADERS IN AREAS OF THE WORLD THAT ARE UNSAFE, UNREACHED, AND UNRESOURCED.WE HELP EMPOWER, TRAIN, AND EQUIP LOCAL LEADERS TO BRING SAFETY, RESCUE, AND RESTORATION TO TRAFFICKED GIRLS, FARMING AND FEEDING PROGRAMS TO WAR REFUGEES, FEMININE HYGIENE TRAINING TO RURAL AREAS, AND SCRIPTURE TO ORAL PREFERENCE COMMUNITIES.COMBINING CHURCH PLANTING, COMMUNITY RELIEF, AND DEVELOPMENT BRINGS GENERATIONAL CHANGE TO OPPRESSED COMMUNITIES.IN THE US, VENTURE EMPOWERS INDIVIDUALS TO DONATE, PRAY, ENGAGE THEIR BUSINESSES AND CHURCHES, OR UTILIZE MILES (VENTUREMILES.ORG) TO RAISE FUNDS AND CREATE AWARENESS. IN ADDITION, WE ARE SHARING WITH THE CHURCH IN THE US WHAT WE HAVE LEARNED FROM THE GLOBAL CHURCH TO LAUNCH DISCIPLE-MAKING MOVEMENTS THAT HAVE TRANSFORMED COMMUNITIES WORLDWIDE.

    Expenses $6,813,434 · Grants $4,782,696 · Revenue $135,888

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tim Skoog

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    5

  • Ryan Skoog

    PRESIDENT, CEO

    Total calculated
    $0
    Hours/week
    5

  • Brad Ahlm

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Paul Hurckman

    EXECUTIVE DIRECTOR

    Total calculated
    $114,122
    From this org
    $114,122
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Terry Boynton

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Kristen Willard

    MEMBER

    Total calculated
    $89,569
    From this org
    $89,569
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Seth Nielsen

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Terry Lijewski

    MEMBER

    Total calculated
    $0
    Hours/week
    5

  • Andrea Lathrop

    MEMBER

    Total calculated
    $0
    Hours/week
    5

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.

Grants on this return

  • ICCM

    $0

    ANTI TRAFFICKING

  • SPEED THE LIGHT

    $0

    ANTI TRAFFICKING

  • THE REEL HOPE PROJECT

    $0

    FOOD SECURITY

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349321326

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