Liabilities / Assets
99th percentile
Higher debt load relative to assets than 99% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
8.86x
Liabilities / Revenue
79th percentile
Higher debt load relative to revenue than 79% of similar nonprofits.
Net Margin
25th percentile
Higher net margin than 25% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
8th percentile
Faster asset growth than 8% of similar nonprofits.
Revenue Growth
68th percentile
Faster revenue growth than 68% of similar nonprofits.
Balance Sheet
Assets
Down$2,607
Down $2,499 (-49%) from 2019
Net Assets
Down-$20,478
Down $25,584 (-501%) from 2019
Liabilities
Up$23,085
Up $23,085 from 2019
Revenue And Expenses
Revenue
Up$183,046
Up $6,158 (+3.5%) from 2019
Expenses
Up$208,630
Up $29,601 (+17%) from 2019
Net Income
Down-$25,584
Down $23,443 (-1095%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- Nov 11, 2021
- Return Version
- 2020v4.1
- Gross Receipts
- $183,046
Mission and Program Overview
Mission
To provide educational programs to stimulate the creation and growth of high impact companies
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROVIDE EDUCATIONAL PROGRAMS TO STIMULATE THE CREATION AND GROWTH OF HIGH IMPACT COMPANIES | $0 | $158,167 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| PAUL R SPARKS | Chair | - | $0 | - | - |
| THOMAS SIMPSON | Secretary | - | $0 | - | - |
| PAUL C CLARK | Treasurer | - | $0 | - | - |
| WALTER FRYE | At-Large Board Member | - | $0 | - | - |
| JULIANA IAROSSI | At-Large Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Venture Carolina
- EIN
- 46-4531249
- Phone
- 8034146702
- Address
- 1207 MAIN STREET, NEWBERRY, SC 29108
Signing Officer
- Name
- Leon C Banks Jr
- Title
- Executive Director
- Phone
- 8034146702
- Signed
- 2021-11-11
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Bauknight Pietras & Stormer Pa
- Address
- 1501 MAIN ST SUITE 600, COLUMBIA, SC 29201
- Preparer
- Shellie S Johnson
- Phone
- 8037718943
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: educational. Grantee name: gabby bows. Grantee address: post office box 3284 irmo, sc 29063. Grantee relationship: n/a. Property description: cash. Date of gift: 04/02/20. Amount given: 1,000.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: registration and license fees. Amount: 50. Description: advertising and marketing. Amount: 15,956. Description: bank fees. Amount: 38. Description: job supplies. Amount: 1,207. Description: payroll fees. Amount: 46. Description: travel. Amount: 5,428. Description: bookkeeping expense. Amount: 663. Description: office supplies. Amount: 8,341. Description: software. Amount: 788. Description: other business expenses. Amount: 2,493. Description: meals. Amount: 3,117. Description: other program expenses. Amount: 4,425. Description: payroll tax expense. Amount: 8,156. Total to form 990-ez, line 16: 50,708.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: payroll liabilities. Beg. Of year amount: 0. End of year amount: 2,357. Description: ppp liability. Beg. Of year amount: 0. End of year amount: 20,728.”
Raw XML Appendix164 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | LEON C BANKS JR |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8034146702 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 225 S PLEASANTBURG DRIVE STE C-15 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | GREENVILLE |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | SC |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 29607 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 5106 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 2607 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 183046 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -25584 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 23500 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 5106 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 2607 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 1000 |
| IRS990EZ/GrossReceiptsAmt | 0 | 183046 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 5106 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -20478 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 5106 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -20478 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 32054 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0.50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | PAUL R SPARKS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | THOMAS SIMPSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | PAUL C CLARK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | WALTER FRYE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JULIANA IAROSSI |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | AT-LARGE BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | AT-LARGE BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 50708 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE EDUCATIONAL PROGRAMS TO STIMULATE THE CREATION AND GROWTH OF HIGH IMPACT COMPANIES |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROVIDE EDUCATIONAL PROGRAMS TO STIMULATE THE CREATION AND GROWTH OF HIGH IMPACT COMPANIES |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 158167 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 101368 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | SC |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 23085 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 208630 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 158167 |
| IRS990EZ/TotalRevenueAmt | 0 | 183046 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 137378 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 176888 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 103642 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 29738 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 447646 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 45668 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 45668 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.90740 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 447646 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 137378 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 176888 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 103642 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 29738 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 447646 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 493314 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ACTIVITY CLASSIFICATION: EDUCATIONAL. GRANTEE NAME: GABBY BOWS. GRANTEE ADDRESS: POST OFFICE BOX 3284 IRMO, SC 29063. GRANTEE RELATIONSHIP: N/A. PROPERTY DESCRIPTION: CASH. DATE OF GIFT: 04/02/20. AMOUNT GIVEN: 1,000. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | DESCRIPTION: REGISTRATION AND LICENSE FEES. AMOUNT: 50. DESCRIPTION: ADVERTISING AND MARKETING. AMOUNT: 15,956. DESCRIPTION: BANK FEES. AMOUNT: 38. DESCRIPTION: JOB SUPPLIES. AMOUNT: 1,207. DESCRIPTION: PAYROLL FEES. AMOUNT: 46. DESCRIPTION: TRAVEL. AMOUNT: 5,428. DESCRIPTION: BOOKKEEPING EXPENSE. AMOUNT: 663. DESCRIPTION: OFFICE SUPPLIES. AMOUNT: 8,341. DESCRIPTION: SOFTWARE. AMOUNT: 788. DESCRIPTION: OTHER BUSINESS EXPENSES. AMOUNT: 2,493. DESCRIPTION: MEALS. AMOUNT: 3,117. DESCRIPTION: OTHER PROGRAM EXPENSES. AMOUNT: 4,425. DESCRIPTION: PAYROLL TAX EXPENSE. AMOUNT: 8,156. TOTAL TO FORM 990-EZ, LINE 16: 50,708. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: PAYROLL LIABILITIES. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 2,357. DESCRIPTION: PPP LIABILITY. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 20,728. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 2 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LEON C BANKS JR |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8034146702 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-11-11 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | VENTURE CAROLINA |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | VENT |
| ReturnHeader/Filer/EIN | 0 | 464531249 |
| ReturnHeader/Filer/PhoneNum | 0 | 8034146702 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1207 MAIN STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NEWBERRY |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | SC |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 29108 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 570940019 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BAUKNIGHT PIETRAS & STORMER PA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1501 MAIN ST SUITE 600 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | COLUMBIA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | SC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 29201 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8037718943 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-11-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | SHELLIE S JOHNSON |
| ReturnHeader/ReturnTs | 0 | 2021-11-15T13:42:48-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | LEON |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | BANKS JR |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $2,607
- Liabilities
- $23,085
- Net assets
- -$20,478
- Revenue
- $183,046
- Expenses
- $208,630
- Net income
- -$25,584