Switchboard Ventures Inc
- Assets
- $1.1m
- Revenue
- $444.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Sugar Land, TX
- Founding
- 05/2013
- Data as of
- 12/2021
- EIN
- 45-4000615
Organization Overview
Switchboard Ventures Inc is located in Sugar Land, TX. The organization was established in 2013. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Switchboard Ventures Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Switchboard Ventures Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Switchboard Ventures Inc generated $444.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $288.1k during the year ending 12/2021. While expenses have increased by 10.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SWITCHBOARD VENTURES IS A NOT FOR PROFIT CORPORATION ORGANIZED FOR THE RELIEF OF THE POOR DISTRESSED AND UNDERPRIVILEGED BY MEANS OF SMALL BUSINESS INVESTMENT LOANS AND CONSULTING IN EMERGING AND DEVELOPING COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BUSINESS CONSULTING SERVICES: SWITCHBOARD VENTURES PROVIDED CONSULTING SERVICES IN DIFFERENT AREAS OF BUSINESS FORMATION AND OPERATION FOR ORGANIZATIONS AND OR INDIVIDUALS LOOKING TO START BUSINESSES THAT BENEFIT THE POOR DISTRESSED AND UNDERPRIVILEGED IN DEVELOPING COUNTRIES AROUND THE WORLD. SWITCHBOARD VENTURES PROVIDED CONSULTING ACTIVITIES THAT SERVE TO PROVIDE BUSINESS ACUMEN TO ENTREPRENEURS LOOKING TO START BUSINESSES IN DEVELOPING NATIONS OR EXISTING BUSINESSES LOOKING FOR STRATEGIC DIRECTION IN A CERTAIN BUSINESS DISCIPLINE SUCH AS MARKETING BUSINESS DEVELOPMENT ACCOUNTING FINANCE ETC. THE OBJECTIVE IS FOR SWITCHBOARD VENTURES' CONSULTING SERVICES TO SPUR BUSINESS CREATION AND GROWTH THUS CREATING JOBS DISTRIBUTING GOODS AND CREATING SERVICES THAT SERVE TO ENHANCE DIGNITY OF THE INDIVIDUAL AND THE STATE OF THE TARGET COMMUNITIES.
INVESTMENT CAPITAL: SWITCHBOARD VENTURES PROVIDED CAPITAL INVESTMENTS TO BUSINESS START-UPS IN DEVELOPING COUNTRIES IN ORDER TO BENEFIT THE POOR DISTRESSED AND UNDERPRIVILEGED. CAPITAL INVESTMENTS HAVE BEEN MADE TO AROUND 40 DIFFERENT ORGANIZATIONS OR INDIVIDUALS LIVING IN BURMA PAKISTAN TURKEY ETC. THESE ORGANIZATIONS AND INDIVIDUALS WOULD NOT OTHERWISE BE ABLE TO OBTAIN FUNDS BECAUSE OF THE FINANCIAL RISKS INVOLVED IN ESTABLISHING AND OPERATING ENTERPRISES IN THESE COMMUNITIES OR BECAUSE OF THEIR MEMBERSHIP IN MINORITY OR OTHER DISADVANTAGED GROUPS. BY PROVIDING CAPITAL WE HOPE TO EITHER HELP STRUGGLING SMALL BUSINESSES OR HELP CREATE NEW ONES. THE CREATION OF JOBS AND THE PROVISION OF BASIC GOODS AND SERVICES FOR STRUGGLING COMMUNITIES VILLAGES GROUPS THROUGH BUSINESS CAN REJUVENATE AREAS AND PROVIDE MULTIPLE INDIVIDUALS WITH BOTH SUPPORT AND DIGNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Cox President And Director | OfficerTrustee | 40 | $90,000 |
Keith Troyer Secretary Treasurer And Director | OfficerTrustee | 0 | $0 |
Travis Cardwell Vice President And Director | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $444,107 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $444,107 |
| Total Program Service Revenue | $0 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $444,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,000 |
| Compensation of current officers, directors, key employees. | $57,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $33,105 |
| Payroll taxes | $7,784 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,548 |
| Advertising and promotion | $262 |
| Office expenses | $3,428 |
| Information technology | $4,753 |
| Royalties | $0 |
| Occupancy | $5,000 |
| Travel | $8,358 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,191 |
| Insurance | $828 |
| All other expenses | $0 |
| Total functional expenses | $288,076 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,605 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $949,546 |
| Intangible assets | $0 |
| Other assets | $1,700 |
| Total assets | $1,055,257 |
| Accounts payable and accrued expenses | $5,700 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,700 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,049,557 |
| Total liabilities and net assets/fund balances | $1,055,257 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Switchboard Ventures Inc has recieved totaling $36,000.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $21,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: INTERNATIONAL, FOREIGN AFFAIRS | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Ships Lindale, TX | $171,351,006 | $110,683,026 |
Mercury One Inc Irving, TX | $26,900,316 | $58,076,637 |
Caris Foundation International Irving, TX | $3,266,033 | $33,910,538 |
Ahed International Inc Irving, TX | $2,773,148 | $33,249,497 |
Christian Relief Fund Amarillo, TX | $12,393,094 | $11,849,734 |
Focus Humanitarian Assistance U S A Sugar Land, TX | $10,443,894 | $8,688,144 |
A Glimmer Of Hope Foundation Austin, TX | $0 | $5,415,626 |
Mission Enablers International Bentonville, AR | $795,841 | $7,887,827 |
Building Everyones Success Together In West Africa Grand Prairie, TX | $91,189 | $6,476,422 |
Dasra Houston, TX | $12,585,856 | $13,108,623 |
Mountain On Mastersroad Inc Manvel, TX | $56,044 | $5,994,766 |
4africa Fort Worth, TX | $780,808 | $4,207,403 |