Civic Intelligence

Venture North Funding and Development

990 • Fiscal year 2023 • EIN 38-2857500

Jan 01, 2023 to Dec 31, 2023 • Filed on Aug 28, 2024

Organization ProfileVENTURENORTHFUNDING.ORG
202 E Grandview ParkwayTraverse City, MI 49684

(231) 995-7115

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.49x

Higher debt load relative to assets than 79% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

3.66x

Higher debt load relative to revenue than 94% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

30th percentile

-3.6%

Higher net margin than 30% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

55th percentile

$138,107

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

56th percentile

7.8%

Faster asset growth than 56% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$7,381,749

Up $534,836 (+7.8%) from 2022

Net Assets

Down

$3,763,145

Down $35,188 (-0.9%) from 2022

Liabilities

Up

$3,618,604

Up $570,024 (+19%) from 2022

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin30th percentile

Revenue

Down

$987,877

Down $205,171 (-17%) from 2022

Expenses

Up

$1,023,065

Up $222,519 (+28%) from 2022

Net Income

Down

-$35,188

Down $427,690 (-109%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,357,765Liabilities 2010: $250Net Assets 2010: $1,357,5152010Assets 2011: $1,398,671Liabilities 2011: $17,787Net Assets 2011: $1,380,8842011Assets 2012: $1,422,775Liabilities 2012: $4,501Net Assets 2012: $1,418,2742012Assets 2013: $1,545,694Liabilities 2013: $127,593Net Assets 2013: $1,418,1012013Assets 2014: $4,001,710Liabilities 2014: $2,041,520Net Assets 2014: $1,960,1902014Assets 2015: $4,723,107Liabilities 2015: $2,356,363Net Assets 2015: $2,366,7442015Assets 2016: $4,969,866Liabilities 2016: $2,120,945Net Assets 2016: $2,848,9212016Assets 2017: $5,801,313Liabilities 2017: $2,318,527Net Assets 2017: $3,482,7862017Assets 2018: $6,417,946Liabilities 2018: $2,599,780Net Assets 2018: $3,818,1662018Assets 2019: $6,216,596Liabilities 2019: $2,605,723Net Assets 2019: $3,610,8732019Assets 2020: $6,326,209Liabilities 2020: $3,020,516Net Assets 2020: $3,305,6932020Assets 2021: $6,401,052Liabilities 2021: $2,995,221Net Assets 2021: $3,405,8312021Assets 2022: $6,846,913Liabilities 2022: $3,048,580Net Assets 2022: $3,798,3332022Assets 2023: $7,381,749Liabilities 2023: $3,618,604Net Assets 2023: $3,763,1452023Assets 2024: $7,638,410Liabilities 2024: $3,722,821Net Assets 2024: $3,915,5892024

Highlighted filing

2023

Assets$7,381,749
Liabilities$3,618,604
Net Assets$3,763,145
Open 2023 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $33,8862010Expenses 2011: $92,2592011Expenses 2012: $21,5982012Revenue 2013: $31,818Expenses 2013: $31,991Net Income 2013: -$1732013Revenue 2014: $588,828Expenses 2014: $46,739Net Income 2014: $542,0892014Revenue 2015: $557,666Expenses 2015: $151,112Net Income 2015: $406,5542015Revenue 2016: $802,391Expenses 2016: $320,214Net Income 2016: $482,1772016Revenue 2017: $1,043,954Expenses 2017: $410,089Net Income 2017: $633,8652017Revenue 2018: $752,492Expenses 2018: $417,112Net Income 2018: $335,3802018Revenue 2019: $520,515Expenses 2019: $727,808Net Income 2019: -$207,2932019Revenue 2020: $971,490Expenses 2020: $1,276,670Net Income 2020: -$305,1802020Revenue 2021: $1,349,702Expenses 2021: $1,249,564Net Income 2021: $100,1382021Revenue 2022: $1,193,048Expenses 2022: $800,546Net Income 2022: $392,5022022Revenue 2023: $987,877Expenses 2023: $1,023,065Net Income 2023: -$35,1882023Revenue 2024: $1,178,560Expenses 2024: $1,026,116Net Income 2024: $152,4442024

Highlighted filing

2023

Revenue$987,877
Expenses$1,023,065
Net Income-$35,188
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Aug 28, 2024
Return Version
2023v5.1
Gross Receipts
$987,877
Mission and Program Overview

Mission

To receive and administer funds to foster, promote and conduct nonpartisan research and distribute policy studies on issues facing the traverse city area, sponsor, plan and conduct nonpartisan community education programs, sponsor a leadership institute, and solicit, collect, receive and administer funds exclusively for charitable, scientific and educational purposes.

To facilitate economic development in the northwest michigan region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$4,706,714$4,543,556▼ $163,158
Other Notes and Loans Receivable, Net$2,023,099$2,703,850▲ $680,751
Investments Other Securities$100,000$100,000→ $0
Accounts Receivable$13,542$31,388▲ $17,846
Prepaid Expenses and Deferred Charges$1,015$1,900▲ $885
Land, Buildings, and Equipment, Net$2,543$1,055▼ $1,488
Total Assets$6,846,913$7,381,749▲ $534,836
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,822,248$2,254,421▲ $432,173
Other Liabilities$1,087,548$851,103▼ $236,445
Deferred Revenue$122,183$477,643▲ $355,460
Accounts Payable and Accrued Expenses$16,601$35,437▲ $18,836
Total Liabilities$3,048,580$3,618,604▲ $570,024
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,798,333$3,763,145▼ $35,188
Total Net Assets Fund Balance$3,798,333$3,763,145▼ $35,188
Total Liabilities and Net Assets / Fund Balance$6,846,913$7,381,749▲ $534,836

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,055$21,108$22,163
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Laura GalbraithPresidentFT$138,107$138,107

Board Members and Trustees

NameTitle
Laura ReznichChair
Carla GribbsImmediate Past Chair
Skip SimmsLoan Committee Chair
Lauren HarrisMarketing Committee Chair
Andy ColeDirector
Chris HackbarthDirector
Eric GustadDirector
Greg WestDirector
Louise WenzelDirector
Mary CluloDirector
Sakura TakanoDirector
Warren CallDirector
Laura TrudeauSecretary
Bill ByrneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$577,127
Program Service Revenue
$373,748
Investment Income
$37,002
Other Revenue
$0
All Other Contributions
$577,127
Change in Net Assets
$-35,188

Audited Revenue Reconciliation

Revenue per Audited Statements
$987,877
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$987,877
Total Revenue per Form 990
$987,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$595,654
Salaries, Compensation, and Employee Benefits$352,740
Grants and Similar Amounts Paid$74,671
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$376,424$49,959-$426,383
Other Salaries and Wages$269,286$83,454-$352,740
Grants to Domestic Orgs$74,671--$74,671
Interest$34,879--$34,879
Travel$18,052$5,595-$23,647
Occupancy$2,565$795-$3,360
Advertising$1,757$545-$2,302
Insurance$1,360$421-$1,781
Depreciation Depletion$1,136$352-$1,488
Other Expenses$1,076$1,399-$1,076
Office Expenses$412$128-$540
Total Functional Expenses$878,444$144,621$0$1,023,065

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,023,065
Total Expenses per Audited Statements$1,023,065
Total Expenses per Form 990$1,023,065
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Grant Advance$851,103
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is reviewed by the president and chief financial officer prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Each board member is required to complete a conflict of interest disclosure form every year. These forms are reviewed by staff and any possible conflicts are then brought to the attention of the board.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Venture North Funding and Development
EIN
38-2857500
Phone
2319957115
Address
202 E GRANDVIEW PARKWAY, TRAVERSE CITY, MI 49684

Signing Officer

Name
Laura Galbraith
Title
President
Phone
2319957113
Signed
2024-08-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Galbraith
Formed
1989
Legal Domicile
Mi
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
35

Preparer

Firm
Dgn LLC
Address
PO BOX 947, TRAVERSE CITY, MI 49685-0947
Preparer
Aaron J Mansfield CPA
Phone
2319461722
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 7

“The organization leases employees from traverse connect, a partner organization.”

Form 990, Part IX, Line 7

“The venture north finance & audit committee assumes responsibility for the oversight and selection of auditors.”

Financial Statement Notes

PART X, LINE 2:

“Venture north funding and development is exempt from federal income tax under the provisions of section 501(c)(3) of the internal revenue code. Venture north funding and development has no business income unrelated to their exempt purposes and therefore, have not filed income tax returns in any state jurisdiction. With few execeptions, the organization is no longer subject to us federal tax examinations by tax authorities for years before 2020.”

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt01055
IRS990/LandBldgEquipCostOrOtherBssAmt022163
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0VENTURE NORTH'S MISSION IS TO SUPPORT THE REGION'S ECONOMIC GROWTH AND COMMUNITY DEVELOPMENT EFFORTS BY PROVIDING FUNDING OPTIONS, OFFERING TECHNICAL ASSISTANCE, AND BUILDING CONNECTIONS FOR VIABLE BUSINESSES, INCLUDING LOW-TO-MODERATE INCOME OPPORTUNITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01822248
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02254421
IRS990/NetAssetsOrFundBalancesBOYAmt03798333
IRS990/NetAssetsOrFundBalancesEOYAmt03763145
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt03798333
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03763145
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0795
IRS990/OccupancyGrp/ProgramServicesAmt02565
IRS990/OccupancyGrp/TotalAmt03360
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0128
IRS990/OfficeExpensesGrp/ProgramServicesAmt0412
IRS990/OfficeExpensesGrp/TotalAmt0540
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0LOAN LOSS RESERVE
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/Desc3BANK SERVICE CHARGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01973
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11399
IRS990/OtherExpensesGrp/ProgramServicesAmt085880
IRS990/OtherExpensesGrp/ProgramServicesAmt16432
IRS990/OtherExpensesGrp/ProgramServicesAmt24514
IRS990/OtherExpensesGrp/ProgramServicesAmt31076
IRS990/OtherExpensesGrp/TotalAmt085880
IRS990/OtherExpensesGrp/TotalAmt18405
IRS990/OtherExpensesGrp/TotalAmt25913
IRS990/OtherExpensesGrp/TotalAmt31076
IRS990/OtherLiabilitiesGrp/BOYAmt01087548
IRS990/OtherLiabilitiesGrp/EOYAmt0851103
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt083454
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0269286
IRS990/OtherSalariesAndWagesGrp/TotalAmt0352740
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02023099
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt02703850
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01015
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01900
IRS990/PrincipalOfficerNm0LAURA GALBRAITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541610
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/Desc0LOAN APPLICATION & ADM
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0230795
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1142953
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0230795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1142953
IRS990/ProgSrvcAccomActy2Grp/Desc0VENTURE NORTH PROVIDES BUSINESSES WITH MULTIPLE SERVICES AND RESOURCES THAT PROMOTE GROWTH, IMPROVE PROCESSES, INCREASE SALES, AND BECOME A THRIVING BUSINESS. SERVED 115 BUSINESSES IN 2023.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0189932
IRS990/ProgSrvcAccomActy2Grp/GrantAmt074671
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0121930
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0620465
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt034136
IRS990/PYInvestmentIncomeAmt0337
IRS990/PYOtherExpensesAmt0462689
IRS990/PYOtherRevenueAmt01100
IRS990/PYProgramServiceRevenueAmt0571146
IRS990/PYRevenuesLessExpensesAmt0392502
IRS990/PYSalariesCompEmpBnftPaidAmt0303721
IRS990/PYTotalExpensesAmt0800546
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01193048
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-35188
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0251818
IRS990/SavingsAndTempCashInvstGrp/BOYAmt04706714
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04543556
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0577127
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0620465
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0758105
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0666494
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0200434
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02822625
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt037002
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0337
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0894
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt04515
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013488
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt056236
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0373748
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0571146
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0536160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0296181
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0297293
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02074528
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt037002
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0337
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0894
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt04515
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013488
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt056236
IRS990ScheduleA/InvestmentIncomeCYPct00.01120
IRS990ScheduleA/InvestmentIncomePYPct00.03390
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01100
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt054543
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt04300
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt09300
IRS990ScheduleA/OtherIncome509Grp/TotalAmt069243
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97500
IRS990ScheduleA/PublicSupportPY509Pct00.95160
IRS990ScheduleA/PublicSupportTotal509Amt04897153
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0950875
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01191611
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01294265
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0962675
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0497727
IRS990ScheduleA/Total509Grp/TotalAmt04897153
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0987877
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01193048
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01349702
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0971490
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0520515
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05022632
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01023065
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01055
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt021108
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt022163
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0851103
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GRANT ADVANCE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0987877
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0VENTURE NORTH FUNDING AND DEVELOPMENT IS EXEMPT FROM FEDERAL INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. VENTURE NORTH FUNDING AND DEVELOPMENT HAS NO BUSINESS INCOME UNRELATED TO THEIR EXEMPT PURPOSES AND THEREFORE, HAVE NOT FILED INCOME TAX RETURNS IN ANY STATE JURISDICTION. WITH FEW EXECEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO US FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01055
IRS990ScheduleD/TotalExpensesPerForm990Amt01023065
IRS990ScheduleD/TotalLiabilityAmt0851103

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,381,749
Liabilities
$3,618,604
Net assets
$3,763,145
Revenue
$987,877
Expenses
$1,023,065
Net income
-$35,188
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.64$3.72$3.92$1.18$1.03$0.15
2023Detailed filing. Detailed filing data is available for this year.$7.38$3.62$3.76$0.99$1.02$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.85$3.05$3.80$1.19$0.80$0.39
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.40$3.00$3.41$1.35$1.25$0.10
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$6.33$3.02$3.31$0.97$1.28$0.31
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.22$2.61$3.61$0.52$0.73$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.42$2.60$3.82$0.75$0.42$0.34
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.80$2.32$3.48$1.04$0.41$0.63
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$2.12$2.85$0.80$0.32$0.48
2015Summary only. Only limited summary data is available for this year.$4.72$2.36$2.37$0.56$0.15$0.41
2014Detailed filing. Detailed filing data is available for this year.$4.00$2.04$1.96$0.59$0.05$0.54
2013Detailed filing. Detailed filing data is available for this year.$1.55$0.13$1.42$0.03$0.03$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.00$1.42$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.02$1.38$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.36$0.00$1.36$0.03