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Community Development : Housing and Neighborhood Development

Ventures

Building businesses, changing lives.

four stars

91.58

2100 24th Avenue South Suite 380
Seattle, WA 98144
tel: (206) 352-1945   Web Site
EIN: 91-1704028

Board Leadership
Octaiviea Renée
President

CEO
Beto Yarce
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 91.58 four stars
  Financial 88.10 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 06/01/2020 and includes data from FY2018, the most recent 990 received at that time.

Ventures empowers individuals with limited resources and unlimited potential to improve their lives through small business ownership. Founded in 1995, we have adapted the Grameen model-a microfinance model that makes small loans to groups of disadvantaged women-to the Puget Sound region and the business landscape in the United States, providing business training, financial support, and resources tailored to low-income entrepreneurs. We are a certified Community Development Financial Institution and a Small Business Administration Microloan Program Intermediary lender. Ventures is a national leader in microenterprise development, offering effective programming, sustainable operations, and innovative growth strategies to create an always-increasing impact on our community. Prior to the spring of 2015, Ventures was known as Washington Community Alliance for Self-Help (CASH).

Ventures empowers individuals with limited resources and unlimited potential to improve their lives through small business ownership. Founded in 1995, we have adapted the Grameen model-a microfinance model that makes small loans to groups of disadvantaged women-to the Puget Sound region and the business landscape in the United States, providing business training, financial support, and resources tailored to low-income entrepreneurs. We are a certified Community Development Financial Institution and a Small Business Administration Microloan Program Intermediary lender. Ventures is a national leader in microenterprise development, offering effective programming, sustainable operations, and innovative growth strategies to create an always-increasing impact on our community. Prior to the spring of 2015, Ventures was known as Washington Community Alliance for Self-Help (CASH).

Impact Information

GuideStar is Charity Navigator's trusted partner in sharing information on how this organization seeks impact.  GuideStar has recognized this organization with a Platinum Seal of Transparency for voluntarily and publicly sharing information about how they measure their progress and results.  Learn More about Impact Information.
Reported Results
Total in 2018
Number of job skills training courses/workshops conducted
659
This impact information is current as of March 2020, when it was provided to us by GuideStar. At this time, Impact information published on this organization's page has no effect on its rating per our methodology.

Financial

three stars

88.10

Accountability & Transparency

four stars

100.00

This rating was published 06/01/2020 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
75.1%
  Administrative Expenses 12.6%
  Fundraising Expenses 12.1%
  Fundraising Efficiency $0.11
  Working Capital Ratio (years) 1.17
  Program Expenses Growth 8.4%
  Liabilities to Assets 16.3%
All data for Financial Performance Metrics calculations was provided by Ventures on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Ventures on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Ventures (WA) 91.58 four stars
Tides Center (CA) 93.15 four stars
Hebrew Free Loan of Metropolitan Detroit (MI) 89.95 three stars
World Business Chicago (IL) 91.82 four stars
SaverLife (CA) 95.93 four stars

Compare These Charities (Highly Rated)

REVENUE  
Contributions  
   Contributions, Gifts & Grants $975,851
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $23,762
   Related Organizations $0
   Government Grants $425,275
Total Contributions $1,424,888
   Program Service Revenue $194,327
Total Primary Revenue $1,619,215
   Other Revenue $26,836
TOTAL REVENUE $1,646,051
   
EXPENSES  
   Program Expenses $1,254,632
   Administrative Expenses $201,760
   Fundraising Expenses $200,103
TOTAL FUNCTIONAL EXPENSES $1,656,495
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-10,444
   
Net Assets $1,741,971

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Business Training Courses and Workshops $643,008 51.2%
Financial Services $393,430 31.4%
Business Incubators $218,194 17.4%

Ratings History
Ventures has received 2 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-12 06/01/2020 91.58 four stars
2017-12 12/01/2018 90.41 four stars
2016-12 02/01/2018 84.33 three stars
2015-06 08/01/2017 79.42 two stars
2015-06 07/01/2017 78.56 two stars
2015-06 06/01/2017 77.38 two stars
2015-06 06/01/2016 76.31 two stars
 
CN 2.0
2015-06 02/01/2016 77.16 two stars
2014-06 09/01/2015 75.27 two stars
2013-06 08/01/2014 84.02 three stars
2012-06 10/01/2013 88.90 three stars
2011-06 04/01/2013 86.90 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 91-1704028
Name in IRS Master File VENTURES
NTEE Code B99
NTEE Classification Education N.E.C.
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (994) Described in section 170(b)1)(a)(vi) of the Code
(405) Loans or grants for minority businesses
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date May, 1996
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2017
  • December, 2016
  • December, 2015
  • June, 2015
  • June, 2014
Compensation % of Expenses Paid to Title
$103,371 6.24% Carlos A. Sanchez-Yarce Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Ventures (WA) 91.58 four stars
Hebrew Free Loan of Metropolitan Detroit (MI) 89.95 three stars
World Business Chicago (IL) 91.82 four stars
Foundation for Financial Planning (DC) 96.13 four stars
Hope Enterprise Corporation (MS) 87.76 three stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Charity Contact Info

Ventures
2100 24th Avenue South
Suite 380
Seattle, WA 98144
tel: (206) 352-1945
fax: (206) 352-1899
EIN: 91-1704028

Visit Web Site

Board Leadership

Octaiviea Renée
President

CEO

Beto Yarce
Executive Director

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