The Venture Out Project Inc
- Assets
- $77.3k
- Revenue
- $365.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Northampton, MA
- Founding
- 02/2015
- Data as of
- 12/2021
- EIN
- 47-1999271
Organization Overview
The Venture Out Project Inc is located in Northampton, MA. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Venture Out Project Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Venture Out Project 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, Venture Out Project Inc generated $365.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 37.9% each year . All expenses for the organization totaled $345.8k during the year ending 12/2021. While expenses have increased by 40.6% 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Perry Cohen President, Treasurer | 30 | $0 | |
Brooke Bull Vice President, Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $303,405 |
| Interest on Savings | $17 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $62,230 |
| Total Revenue | $365,652 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $251,284 |
| Pension plans, employee benefits | $0 |
| Interest | $98 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $14,484 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $77,966 |
| Total operating and administrative expenses | $345,770 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $345,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,305 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $77,305 |
| Accounts payable and accrued expenses | $66 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Venture Out Project Inc has recieved totaling $277.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $277 |
Peer Organizations
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|---|---|---|
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Good Sports Inc Braintree, MA | $15,718,989 | $17,640,081 |
Vermont Permanency Initiative Inc Plymouth, NH | $11,154,700 | $16,308,251 |
Exploration School Inc Norwood, MA | $30,976,539 | $12,294,773 |
West Side Center For Community Life Inc New York, NY | $9,114,399 | $14,422,692 |
Camp Harbor View Foundation Inc Boston, MA | $69,208,202 | $14,199,041 |
Utec Inc Lowell, MA | $20,133,809 | $14,604,530 |
Shira Association Inc Brooklyn, NY | $274,073 | $8,368,956 |
Chdfs Inc New York, NY | $4,427,558 | $6,216,072 |
Metropolitan Development Center Inc Brooklyn, NY | $2,978,131 | $7,487,789 |
Childrens Workshop Foundation Central Falls, RI | $4,705,230 | $8,734,108 |
Exalt Youth New York, NY | $8,260,540 | $8,836,761 |