Venture Together Inc
Venture Together Inc maintains stable operations with growing assets and no reported officer compensation.
EIN: 132661988 · Nanuet, NY · NTEE: P820 · Updated: 2026-03-28
Is Venture Together Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Venture Together Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Venture Together Inc
Venture Together Inc (EIN: 132661988) is a nonprofit organization based in Nanuet, NY, classified under NTEE code P820. The organization reported total revenue of $42.1M and total assets of $36.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Venture Together Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Venture Together Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Venture Together Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Venture Together Inc consistently reports 0% officer compensation across all available filings, suggesting that either officers are uncompensated or their compensation is reported under other expense categories, which would require further investigation for full transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Venture Together Inc's IRS 990 filings:
- Occasional operational deficits, such as $1.79 million in 202312, require careful monitoring of financial sustainability.
- Lack of detailed functional expense breakdown prevents a precise assessment of program vs. administrative spending efficiency.
Strengths
The following positive indicators were identified for Venture Together Inc:
- Consistent asset growth, from $20.6 million in 2014 to $32.0 million in 2023, indicates strong financial management and stability.
- No reported officer compensation across all filings suggests a strong commitment to directing funds towards the mission or a highly efficient compensation structure.
- Substantial and consistent revenue generation, generally above $30 million annually, demonstrates a robust operational scale.
- Positive net assets (Assets exceeding Liabilities) in all reported periods, with a healthy ratio of $32.0M assets to $8.1M liabilities in 202312.
Frequently Asked Questions about Venture Together Inc
Is Venture Together Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Venture Together Inc (EIN: 132661988) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Venture Together Inc spend its money?
Venture Together Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Venture Together Inc tax-deductible?
Venture Together Inc is registered as a tax-exempt nonprofit (EIN: 132661988). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Venture Together Inc fund its operations given occasional deficits?
The organization's growing asset base, from $20.6 million in 2014 to $32.0 million in 2023, suggests it has reserves or other income streams not fully detailed in the top-line revenue figures to cover occasional operational deficits, such as the $1.79 million deficit in 202312.
What is the nature of the 'Officer Comp=0%' reporting?
The consistent reporting of 0% for officer compensation across all 13 filings indicates either that the organization's officers are truly uncompensated volunteers, or their compensation is categorized under other expense lines, which would warrant further scrutiny for complete financial transparency.
Is the organization's asset growth sustainable?
Venture Together Inc has shown consistent asset growth, from $20,630,008 in 2014 to $32,093,737 in 2023, indicating a healthy accumulation of resources over time, which appears sustainable given its revenue levels.
Filing History
IRS 990 filing history for Venture Together Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Venture Together Inc's revenue has grown by 16.9%, moving from $32.0M to $37.4M. Total assets increased by 27.8% over the same period, from $25.1M to $32.1M. Total functional expenses rose by 22.2%, from $32.0M to $39.2M. In its most recent filing year (2023), Venture Together Inc reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $8.2M in liabilities against $32.1M in assets (debt-to-asset ratio: 25.5%), resulting in net assets of $23.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $37.4M | $39.2M | $32.1M | $8.2M | — | — |
| 2022 | $43.9M | $43.2M | $33.5M | $8.5M | — | View 990 |
| 2021 | $37.8M | $32.8M | $31.7M | $6.4M | — | View 990 |
| 2020 | $35.5M | $33.5M | $24.2M | $4.2M | — | — |
| 2019 | $37.4M | $37.5M | $22.1M | $4.2M | — | View 990 |
| 2018 | $37.5M | $37.0M | $22.2M | $4.5M | — | View 990 |
| 2017 | $36.8M | $36.8M | $23.6M | $6.2M | — | View 990 |
| 2016 | $39.3M | $34.8M | $23.9M | $6.7M | — | View 990 |
| 2015 | $33.8M | $33.3M | $20.6M | $8.0M | — | View 990 |
| 2014 | $32.0M | $33.4M | $20.6M | $8.5M | — | View 990 |
| 2013 | $32.6M | $32.6M | $21.9M | $8.5M | — | View 990 |
| 2012 | $32.3M | $32.0M | $21.6M | $8.5M | — | View 990 |
| 2011 | $32.0M | $32.0M | $25.1M | $12.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $37.4M, expenses of $39.2M, and assets of $32.1M (revenue -14.8% year-over-year).
- 2022: Revenue of $43.9M, expenses of $43.2M, and assets of $33.5M (revenue +16.1% year-over-year).
- 2021: Revenue of $37.8M, expenses of $32.8M, and assets of $31.7M (revenue +6.3% year-over-year).
- 2020: Revenue of $35.5M, expenses of $33.5M, and assets of $24.2M (revenue -5.1% year-over-year).
- 2019: Revenue of $37.4M, expenses of $37.5M, and assets of $22.1M (revenue -0.1% year-over-year).
- 2018: Revenue of $37.5M, expenses of $37.0M, and assets of $22.2M (revenue +1.8% year-over-year).
- 2017: Revenue of $36.8M, expenses of $36.8M, and assets of $23.6M (revenue -6.4% year-over-year).
- 2016: Revenue of $39.3M, expenses of $34.8M, and assets of $23.9M (revenue +16.2% year-over-year).
- 2015: Revenue of $33.8M, expenses of $33.3M, and assets of $20.6M (revenue +5.9% year-over-year).
- 2014: Revenue of $32.0M, expenses of $33.4M, and assets of $20.6M (revenue -1.9% year-over-year).
- 2013: Revenue of $32.6M, expenses of $32.6M, and assets of $21.9M (revenue +1.0% year-over-year).
- 2012: Revenue of $32.3M, expenses of $32.0M, and assets of $21.6M (revenue +0.9% year-over-year).
- 2011: Revenue of $32.0M, expenses of $32.0M, and assets of $25.1M.
Data Sources and Methodology
This transparency report for Venture Together Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.