VENTURE FOR AMERICA INC

As filed

Subsection

03

NTEE code

S30

Classification

1000

Street

1420 WASHINGTON BLVD STE 301

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).

Other organizations at this address

13 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 301). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• ART-OLOGY

  EIN 88-1692781

• AT BAT

  EIN 47-5494939

• AUSTIN FOUNDATION

  EIN 27-1605421

• AUTHENTIC ADVENTURES COMMUNITY PARTNERS

  EIN 93-2320287

• D CIPHER

  EIN 84-2215252

• DEVELOPING DESPITE DISTANCE INC

  EIN 83-4012479

• GRACED TO GIVE MINISTRIES

  EIN 33-3166155

• KEYAS KINDNESS COLLECTIVE

  EIN 42-3315620

• MEANINGFUL POWER FOUNDATION

  EIN 81-1337502

• NATION OUTSIDE

  EIN 92-3740015

• REFINED DETROIT

  EIN 92-0807108

• REMEMBERING CHERUBS

  EIN 84-2091423

• SIMPLEST THINGS SCHOLARSHIP FUND

  EIN 93-3239586

Mission and programs · 2024

• IN 2024, VENTURE FOR AMERICA (VFA) CONTINUED TO OPERATE ITS ENTREPRENEURSHIP AND FELLOWSHIP PROGRAMS, PROVIDING TRAINING, PLACEMENT SUPPORT, AND COMMUNITY RESOURCES TO ITS NETWORK OF FELLOWS AND ALUMNI. THROUGHOUT THE YEAR, THE ORGANIZATION ALSO EXPERIENCED INCREASING FINANCIAL AND OPERATIONAL CHALLENGES, INCLUDING A SIGNIFICANT DECLINE IN VENTURE FUNDING AMONG COMPANY PARTNERS, WHICH REDUCED BOTH REVENUE AND AVAILABLE PLACEMENT OPPORTUNITIES. THESE ECONOMIC HEADWINDS, COUPLED WITH SHIFTING PHILANTHROPIC PRIORITIES, LED TO A SUBSTANTIAL DECREASE IN GRANT FUNDING THAT HISTORICALLY COMPRISED THE MAJORITY OF THE ORGANIZATION'S INCOME.ON AUGUST 6, 2024, THE BOARD OF DIRECTORS AND LEADERSHIP TEAM ANNOUNCED THAT VFA WOULD BEGIN THE PROCESS OF WINDING DOWN CURRENT DAY-TO-DAY OPERATIONS. THIS DECISION FOLLOWED SEVERAL YEARS OF CHANGES IN THE ENTREPRENEURIAL LANDSCAPE AND INCREASING DIFFICULTY SUSTAINING THE ORGANIZATION'S HISTORICAL FUNDING MODEL. THE ANNOUNCEMENT ALSO RECOGNIZED VFA'S ACHIEVEMENTS OVER ITS 13-YEAR HISTORY, INCLUDING SUPPORTING OVER 950 COMPANIES, CONTRIBUTING TO ECONOMIC GROWTH IN MORE THAN 20 CITIES, ENABLING FELLOWS AND ALUMNI TO LAUNCH MORE THAN 375 BUSINESSES, AND BUILDING A COMMUNITY OF MORE THAN 1,600 INDIVIDUALS.FOLLOWING THIS DECISION, VFA MAINTAINED A SMALL TRANSITION TEAM RESPONSIBLE FOR COMPLETING THE REQUIRED ADMINISTRATIVE, OPERATIONAL, AND FINANCIAL TASKS ASSOCIATED WITH THE WIND-DOWN. THESE ACTIVITIES CONTINUED THROUGH THE END OF THE YEAR.THE BOARD OF DIRECTORS IS CONTINUING TO EXPLORE POTENTIAL STRATEGIC RESTRUCTURING OPTIONS THAT MAY SUPPORT THE ONGOING NEEDS OF THE EXISTING FELLOW AND ALUMNI COMMUNITY AND DETERMINE WHETHER A FUTURE ITERATION OF VFA IS FEASIBLE. WHILE OPERATIONAL ACTIVITIES ARE WINDING DOWN, THE ORGANIZATION EMPHASIZED THE ENDURING STRENGTH AND IMPACT OF THE VFA COMMUNITY AND ITS LONG-TERM LEGACY IN ENTREPRENEURSHIP DEVELOPMENT.

  Expenses $1,758,387 · Revenue $310,829

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.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $2,498,672

  Expenses

  $2,197,983

  Contributions

  $1,853,411

  Grants paid

  $0

• 2023

  Revenue

  $5,007,019

  Expenses

  $6,575,397

  Contributions

  $3,961,440

  Grants paid

  $544,590

• 2022

  Revenue

  $5,383,435

  Expenses

  $6,488,193

  Contributions

  $4,808,945

  Grants paid

  $77,834

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

  $6,866,605

  Expenses

  $5,365,396

  Assets (EOY)

  $3,605,973

• 2020 · 990

  Revenue

  $5,050,304

  Expenses

  $4,570,028

  Assets (EOY)

  $3,808,754

• 2020 · 990

  Revenue

  $5,050,304

  Expenses

  $4,569,567

  Assets (EOY)

  $3,205,571

• 2019 · 990

  Revenue

  $6,046,528

  Expenses

  $5,489,823

  Assets (EOY)

  $2,895,143

• 2018 · 990

  Revenue

  $6,999,516

  Expenses

  $6,062,134

  Assets (EOY)

  $3,575,701

• 2018 · 990

  Revenue

  $6,999,516

  Expenses

  $6,062,134

  Assets (EOY)

  $3,575,701

• 2017 · 990

  Revenue

  $3,401,490

  Expenses

  $6,052,986

  Assets (EOY)

  $2,169,556

• 2016 · 990

  Revenue

  $6,922,582

  Expenses

  $7,103,962

  Assets (EOY)

  $4,761,419

• 2015 · 990

  Revenue

  $5,531,833

  Expenses

  $4,961,453

  Assets (EOY)

  $4,632,652

• 2014 · 990

  Revenue

  $4,034,239

  Expenses

  $3,713,112

  Assets (EOY)

  $4,282,935

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

• NEED INFORMATION

  $544,590

  2023 · ASSISTANCE

• KYLIE LONG

  $7,500

  2022 · DEMO DAY 2022 JUDGES CHOICE AWARD

Where these grants went next →

Grants received

• THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM

  $55,000

  2022 · GENERAL SUPPORT

• GEORGE KAISER FAMILY FOUNDATION

  $50,000

  2024 · Tulsa Programming

• COMMUNITY FOUNDATION FOR SOUTHEAST MICHIGAN

  $50,000

  2022 · EMPLOYMENT PROGRAM

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $46,000

  2023 · For grant recipient's exempt purposes

• T ROWE PRICE PROGRAM FOR CHARITABLE GIVING INC

  $25,000

  2023 · MULTIPLE

• MORGAN STANLEY GLOBAL IMPACT FUNDING TRUST INC

  $25,000

  2022 · UNRESTRICTED GENERAL SUPPORT

• T ROWE PRICE PROGRAM FOR CHARITABLE GIVING INC

  $25,000

  2022 · SPECIAL PROJECT

• THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM

  $20,000

  2024 · EDUCATION; DAF FUNDED

• THE COMMUNITY FOUNDATION

  $20,000

  2023 · GENERAL SUPPORT

• DONOR ADVISED CHARITABLE GIVING

  $18,100

  2023 · PUBLIC, SOCIETAL BENEFIT

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

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files