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DEFY VENTURES INC

EIN 27-3611908 LOS ANGELES, CA

Revenue 2024
$4,627,815
Expenses 2024
$4,313,504

Program services were 79.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
B90
Classification
1000
Street
3580 WILSHIRE BLVD STE 1705

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

DEFY VENTURES' MISSION IS TO SHIFT MINDSETS TO GIVE PEOPLE WITH CRIMINAL HISTORIES THEIR BEST SHOT AT A SECOND CHANCE BY PROVIDING THEM WITH PERSONAL DEVELOPMENT, CAREER READINESS, AND ENTREPRENEURSHIP TRAINING. DEFY'S VISION IS TO CUT THE RECIDIVISM RATE IN HALF BY LEVERAGING ENTREPRENEURSHIP TO INCREASE ECONOMIC OPPORTUNITY AND TRANSFORM LIVES.

Activities or mission (Part I)

TO SHIFT MINDSETS AND GIVE PEOPLE WITH CRIMINAL HISTORIES THEIR BEST SHOT AT A SECOND CHANCE.

  • WE'RE PROUD OF DEFY'S RESULTS AND ARE EXCITED TO SHOW SUPPORTERS THE RESULTS OF THEIR INVESTMENT OF TIME AND FUNDING. SINCE THE LAUNCH OF OUR PROGRAM IN JANUARY 2012, DEFY HAS:1. SERVED NEARLY 10,000 ENTREPRENEURS IN TRAINING (EITS) IN OUR IN-PRISON AND POST-RELEASE PROGRAM. EITS COMPLETE A RIGOROUS SIX- TO NINE-MONTH CURRICULUM CULMINATING IN A BUSINESS PITCH COMPETITION AND GRADUATION AS PART OF THE IN-PRISON PROGRAM. THE POST-RELEASE PROGRAM INCLUDES WORKSHOPS, MENTORING, AND A BUSINESS INCUBATOR.2. ENGAGED 8,500+ EXECUTIVE VOLUNTEERS, INCLUDING VOLUNTEERS FROM HEDGE FUNDS, INVESTMENT BANKS, VENTURE CAPITAL AND PRIVATE EQUITY FIRMS, FORTUNE 500 COMPANIES, AND ENTREPRENEURIAL VENTURES. VOLUNTEERS SERVED AS BUSINESS PITCH COMPETITION JUDGES, MENTORS, AND RESUME COACHES.3. GROWN TO SERVE IN NINE STATES (CA, CT, IL, NJ, NY, PA, UT, WA, WI).4. RECORDED A ONE YEAR RECIDIVISM RATE OF LESS THAN 10%, AND A THREE-YEAR RECIDIVISM RATE OF LESS THAN 15%.5. LAUNCHED 215+ BUSINESSES, INCLUDING INCORPORATION AND SEED FUNDING.6. RAISED OVER $37 MILLION IN PRIVATE & PUBLIC FUNDING SINCE INCEPTION (2010).

    Expenses $3,441,526 · Grants $129,610 · Revenue $96,133

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • BRIAN KORB

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • ARIEL JADUSZLIWER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • KERRY BENNETT

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN DVOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • MARCUS GLOVER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JENNIFER LOTITO

    DIRECTOR (AS OF 9/24)

    Total calculated
    $0
    Hours/week
    0.5

  • SONIA KAHLON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • COSS MARTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • NICOLE MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JONATHAN NEIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • COLE RICHMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • APRIL TAM SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DAVID SPROTT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PRAVEEN SESHADRI

    DIRECTOR (AS OF 6/24)

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN GAROFOLO

    CFO (THROUGH 12/24)

    Total calculated
    $174,535
    From this org
    $154,251
    From related orgs
    $0
    Other
    $20,284
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $138,148
    Bonus
    $0
    Other
    $16,103
    Deferred
    $0
    Nontaxable benefits
    $20,284
    Filer's total
    $174,535

  • ANDREW GLAZIER

    PRESIDENT & CEO

    Total calculated
    $149,707
    From this org
    $123,121
    From related orgs
    $0
    Other
    $26,586
    Hours/week
    50

  • AMITA PARIKH

    DR. OF FIN. & ADMIN. (AS OF 12/24)

    Total calculated
    $7,788
    From this org
    $7,788
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

  • JULIE JACKSON-FORSBERG

    VP, LEARNING

    Total calculated
    $143,432
    From this org
    $117,245
    From related orgs
    $0
    Other
    $26,187
    Hours/week
    50

  • QUAN HUYNH

    ED, SOUTHERN CALIFORNIA

    Total calculated
    $130,836
    From this org
    $121,531
    From related orgs
    $0
    Other
    $9,305
    Hours/week
    50

  • CHRISTINE CASTILLO

    VP, PROGRAMS

    Total calculated
    $132,116
    From this org
    $124,682
    From related orgs
    $0
    Other
    $7,434
    Hours/week
    50

  • MARIAH DICKINSON

    VP SITE OPERATIONS

    Total calculated
    $129,654
    From this org
    $115,052
    From related orgs
    $0
    Other
    $14,602
    Hours/week
    50

  • YEHUDAH PRYCE

    SR. PROGRAM DIRECTOR, NMHP

    Total calculated
    $143,252
    From this org
    $110,918
    From related orgs
    $0
    Other
    $32,334
    Hours/week
    50

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $4,627,815
    Expenses
    $4,313,504
    Contributions
    $4,437,541
    Grants paid
    $129,610
  • 2023
    Revenue
    $4,021,502
    Expenses
    $3,830,168
    Contributions
    $3,801,794
    Grants paid
    $72,753
  • 2022
    Revenue
    $3,223,061
    Expenses
    $2,871,906
    Contributions
    $3,116,359
    Grants paid
    $55,030

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $2,964,539
    Expenses
    $2,144,993
    Assets (EOY)
    $2,710,891

  • 2020 · 990

    Revenue
    $2,630,097
    Expenses
    $1,858,494
    Assets (EOY)
    $1,772,831

  • 2019 · 990

    Revenue
    $2,408,207
    Expenses
    $2,146,821
    Assets (EOY)
    $1,054,164

  • 2018 · 990

    Revenue
    $3,578,145
    Expenses
    $4,324,130
    Assets (EOY)
    $833,556

  • 2017 · 990

    Revenue
    $5,586,655
    Expenses
    $6,071,212
    Assets (EOY)
    $3,051,844

  • 2016 · 990

    Revenue
    $5,315,932
    Expenses
    $3,237,633
    Assets (EOY)
    $2,875,588

  • 2015 · 990

    Revenue
    $2,771,561
    Expenses
    $3,025,471
    Assets (EOY)
    $802,473

  • 2014 · 990

    Revenue
    $2,056,686
    Expenses
    $2,012,073
    Assets (EOY)
    $860,239

  • 2013 · 990

    Revenue
    $1,436,800
    Expenses
    $1,221,152
    Assets (EOY)
    $322,505

  • 2012 · 990

    Revenue
    not reported
    Expenses
    $1,271,057
    Assets (EOY)
    $87,150

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

Where these grants went next →

Grants received

The 10 largest by cash amount. The API serves every itemized grant.

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.