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Community Development : Housing and Neighborhood Development

Ventures

Building businesses, changing lives.

91.37

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 91.37
  Financial 87.80
  Accountability & Transparency 100.00
This rating was published 09/01/2021 and includes data from FY2019, 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).

Financial

87.80

Accountability & Transparency

100.00

This rating was published 09/01/2021 and includes data from FY2019, 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)
77.3%
  Administrative Expenses 12.1%
  Fundraising Expenses 10.5%
  Fundraising Efficiency $0.10
  Working Capital Ratio (years) 0.99
  Program Expenses Growth 15.8%
  Liabilities to Assets 21.5%
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) 91.37
LiftFund (TX) 85.75
World Business Chicago (IL) 87.18
Hebrew Free Loan of Metropolitan Detroit (MI) 88.36
DreamSpring (NM) 92.92

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,073,647
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $55,870
   Related Organizations $0
   Government Grants $393,649
Total Contributions $1,523,166
   Program Service Revenue $221,116
Total Primary Revenue $1,744,282
   Other Revenue $19,096
TOTAL REVENUE $1,763,378
   
EXPENSES  
   Program Expenses $1,394,069
   Administrative Expenses $228,572
   Fundraising Expenses $187,053
TOTAL FUNCTIONAL EXPENSES $1,809,694
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-46,316
   
Net Assets $1,637,465

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 $835,631 59.9%
Financial Services $299,837 21.5%
Business Incubators $258,601 18.6%

Ratings History
Ventures has received 3 consecutive 4-star ratings from Charity Navigator.

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2019-12 09/01/2021 91.37
2018-12 06/01/2020 91.58
2017-12 12/01/2018 90.41
2016-12 02/01/2018 84.33
2015-06 08/01/2017 79.42
2015-06 07/01/2017 78.56
2015-06 06/01/2017 77.38
2015-06 06/01/2016 76.31
 
CN 2.0
2015-06 02/01/2016 77.16
2014-06 09/01/2015 75.27
2013-06 08/01/2014 84.02
2012-06 10/01/2013 88.90
2011-06 04/01/2013 86.90

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
$114,258 6.31% Carlos A. Sanchez-Yarce Executive Director

Highly Rated

Charity Name & State Overall Score Overall Rating
Ventures (WA) 91.37
Women's Business Development Center (IL) 95.47
Foundation for Financial Planning (DC) 96.60
Accessity (CA) 94.74
The Idea Village (LA) 86.14

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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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