Ventures For Excellence Foundation
EIN: 261622189 · Lincoln, NE · NTEE: T20
| Metric | Value |
|---|---|
| Total Revenue | $879 |
| Total Expenses | $13K |
| Net Assets | $462K |
Is Ventures For Excellence Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ventures For Excellence Foundation
Ventures For Excellence Foundation (EIN: 261622189) is a nonprofit organization based in Lincoln, NE, classified under NTEE code T20. The organization reported total revenue of $879 and total assets of $530K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ventures For Excellence Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ventures For Excellence Foundation is a micro nonprofit that has been operating for 17 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $895 |
| Total Expenses | $13K |
| Surplus / Deficit | $-12,105 |
| Total Assets | $462K |
| Total Liabilities | $1 |
| Net Assets | $462K |
| Operating Margin | -1352.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 426.3 months |
Financial Health Grade: B
In 2023, Ventures For Excellence Foundation reported a deficit of $12K with expenses exceeding revenue, holds 426.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Ventures For Excellence Foundation's revenue has declined at a compound annual growth rate (CAGR) of -14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +55.1% | -26.6% | +11.5% |
| 2022 | -59.8% | -57.9% | -4.0% |
| 2021 | -95.5% | +42.2% | -8.6% |
| 2020 | +16.5% | -13.6% | +0.5% |
| 2019 | -3.4% | +14.4% | +3.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Ventures For Excellence Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ventures For Excellence Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Ventures For Excellence Foundation
Is Ventures For Excellence Foundation a legitimate charity?
Ventures For Excellence Foundation (EIN: 261622189) is a registered tax-exempt nonprofit based in Nebraska. It has 10 years of IRS 990 filings on record. Total revenue: $879. No red flags identified. Financial health grade: B.
How does Ventures For Excellence Foundation spend its money?
Ventures For Excellence Foundation reported $879 in total revenue in IRS 990 filings. 10 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ventures For Excellence Foundation tax-deductible?
Ventures For Excellence Foundation is registered as a tax-exempt nonprofit (EIN: 261622189). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ventures For Excellence Foundation located?
Ventures For Excellence Foundation is headquartered in Lincoln, Nebraska and files with the IRS under EIN 261622189. It is classified under NTEE code T20.
How many years of IRS 990 filings does Ventures For Excellence Foundation have?
Ventures For Excellence Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $879 in total revenue.
Filing History
IRS 990 filing history for Ventures For Excellence Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ventures For Excellence Foundation's revenue has declined by 84%, moving from $6K to $895. Total assets decreased by 3.9% over the same period, from $480K to $462K. Total functional expenses fell by 33.6%, from $20K to $13K. In its most recent filing year (2023), Ventures For Excellence Foundation reported a deficit of $12K, with expenses exceeding revenue. The organization holds $1 in liabilities against $462K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $462K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $895 | $13K | $462K | $1 | — | — |
| 2022 | $577 | $18K | $414K | $1 | — | View 990 |
| 2021 | $1K | $42K | $431K | $1 | — | — |
| 2020 | $32K | $30K | $472K | $1 | — | View 990 |
| 2019 | $28K | $34K | $469K | $1 | — | View 990 |
| 2015 | $29K | $30K | $453K | $1 | — | View 990 |
| 2014 | $16K | $19K | $512K | $0 | — | View 990 |
| 2013 | $27K | $35K | $457K | $1 | — | View 990 |
| 2012 | $6K | $21K | $466K | $1 | — | View 990 |
| 2011 | $6K | $20K | $480K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $895, expenses of $13K, and assets of $462K (revenue +55.1% year-over-year).
- 2022: Revenue of $577, expenses of $18K, and assets of $414K (revenue -59.8% year-over-year).
- 2021: Revenue of $1K, expenses of $42K, and assets of $431K (revenue -95.5% year-over-year).
- 2020: Revenue of $32K, expenses of $30K, and assets of $472K (revenue +16.5% year-over-year).
- 2019: Revenue of $28K, expenses of $34K, and assets of $469K (revenue -3.4% year-over-year).
- 2015: Revenue of $29K, expenses of $30K, and assets of $453K (revenue +81.5% year-over-year).
- 2014: Revenue of $16K, expenses of $19K, and assets of $512K (revenue -42.0% year-over-year).
- 2013: Revenue of $27K, expenses of $35K, and assets of $457K (revenue +391.9% year-over-year).
- 2012: Revenue of $6K, expenses of $21K, and assets of $466K (revenue -1.6% year-over-year).
- 2011: Revenue of $6K, expenses of $20K, and assets of $480K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ventures For Excellence Foundation:
Data Sources and Methodology
This transparency report for Ventures For Excellence Foundation 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.