Civic Intelligence

Venture Hall

EIN 81-3968921 • 501(c)3 • Portland, ME

990-N Coverage

Profile

Venuture hall is organized and operated to provide public access to educational instruction, mentors, and training for individuals in the field of business entrepreneurship, primarily in the state of maine. Venture hall will offer inclusive and publicly available educational programs, guidance, and connections to expert resources in order to equip current and aspiring entrepreneurs in the community with the knowledge, skills, and support necessary to develop and sustain high-impact ventures, also known as "startups".

C/O A Perkins Bssn PO Box 9729Portland, ME 04104-5029

www.venturehall.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

66th percentile

12%

Higher net margin than 66% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets59th percentile

Assets

$37,671

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Net Assets

$37,671

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue61st percentileNet Margin66th percentile

Revenue

$255,949

No earlier filing loaded for comparison.

Expenses

$224,653

No earlier filing loaded for comparison.

Net Income

$31,296

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40K$30K$20K$10K$0Assets 2017: $37,671Liabilities 2017: $0Net Assets 2017: $37,6712017

Highlighted filing

2017

Assets$37,671
Liabilities$0
Net Assets$37,671
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2017: $255,949Expenses 2017: $224,653Net Income 2017: $31,2962017

Highlighted filing

2017

Revenue$255,949
Expenses$224,653
Net Income$31,296
Open 2017 Filing

Filings

Most recent year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$37,671
Liabilities
$0
Net assets
$37,671
Revenue
$255,949
Expenses
$224,653
Net income
$31,296
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$0.38$0.00$0.38$2.56$2.25$0.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 15, 2018
Return Version
2017v2.3
Gross Receipts
$255,949
Mission and Program Overview

Mission

Venuture hall is organized and operated to provide public access to educational instruction, mentors, and training for individuals in the field of business entrepreneurship, primarily in the state of maine. Venture hall will offer inclusive and publicly available educational programs, guidance, and connections to expert resources in order to equip current and aspiring entrepreneurs in the community with the knowledge, skills, and support necessary to develop and sustain high-impact ventures, also known as "startups".

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$6,375$37,671▲ $31,296
Rtn Earn Endowment Incm Other Fnds$6,375$37,671▲ $31,296
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$6,375$37,671▲ $31,296
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$6,375$37,671▲ $31,296
Total Liabilities and Net Assets / Fund Balance$6,375$37,671▲ $31,296
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Sobol MikeSecretary, CEOFT$60,000$60,000
Buckley ElizabethCOO Until 9/22/17FT$35,000$35,000

Board Members and Trustees

NameTitle
Knox JessPresident
Lewis KennethDirector
Marsh SeanDirector
Peters ElizabethDirector
Reed TedDirector
Lawton CharlesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$253,500
Program Service Revenue
$2,449
Investment Income
$0
Other Revenue
$0
All Other Contributions
$103,500
Change in Net Assets
$31,296
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$122,385
Salaries, Compensation, and Employee Benefits$102,268
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$95,000-$95,000
Travel$5,758$20,510-$26,268
Office Expenses$7,869$4,362-$12,231
Fees for Services Management$3,997$6,307-$10,304
Occupancy-$8,888-$8,888
Payroll Taxes-$7,268-$7,268
Conferences and Meetings$3,119--$3,119
Advertising$350$2,650-$3,000
Insurance-$2,488-$2,488
Fees for Services Legal-$2,000-$2,000
Interest$1,500$50-$1,550
Other Expenses$50,350$875-$875
Fees for Services Accounting-$425-$425
Total Functional Expenses$72,943$151,710$0$224,653
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
Yes
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 A, Line 2

“Charles lawton, director/treasurer, is the stepfather of jess knox, director/president.”

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

“The form 990 will not be provided to the organization's governing body as the organization was dissolved in early 2018. The treasurer and ceo were given authorization to wrap up the activities of the organization including the filing of the form 990.”

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

“Venture hall is a small organization with two paid employees. The ceo writes new contracts and checks for conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“The amount and process of determining compensation is reviewed and approved by the board of directors.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and conflict of interest policy are available upon request.”

Filing and Contact Details

Filer

Filer Name
Venture Hall
EIN
81-3968921
Phone
3038591376
Address
C/O A PERKINS BSSN PO BOX 9729, PORTLAND, ME 04104-5029

Signing Officer

Name
Michael Sobol
Title
CEO
Phone
3038591376
Signed
2018-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Sobol
Formed
2016
Legal Domicile
Me
Voting Board Members
7
Independent Board Members
6
Employees
2
Volunteers
20

Preparer

Firm
Albin Randall & Bennett
Address
PO BOX 445 130 MIDDLE STREET, PORTLAND, ME 04112-0445
Preparer
Robin L Cyr
Phone
2077721981
Raw XML Appendix354 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY, CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7COO UNTIL 9/22/17
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IRS990/MissionDesc0VENUTURE HALL IS ORGANIZED AND OPERATED TO PROVIDE PUBLIC ACCESS TO EDUCATIONAL INSTRUCTION, MENTORS, AND TRAINING FOR INDIVIDUALS IN THE FIELD OF BUSINESS ENTREPRENEURSHIP, PRIMARILY IN THE STATE OF MAINE. VENTURE HALL WILL OFFER INCLUSIVE AND PUBLICLY AVAILABLE EDUCATIONAL PROGRAMS, GUIDANCE, AND CONNECTIONS TO EXPERT RESOURCES IN ORDER TO EQUIP CURRENT AND ASPIRING ENTREPRENEURS IN THE COMMUNITY WITH THE KNOWLEDGE, SKILLS, AND SUPPORT NECESSARY TO DEVELOP AND SUSTAIN HIGH-IMPACT VENTURES, ALSO KNOWN AS "STARTUPS".
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IRS990/ProgSrvcAccomActy2Grp/Desc0ENTREPRENEURIAL SUPPORT PROGRAM - DURING 2017, VENTURE HALL WORKED WITH OVER ONE DOZEN LOCAL STARTUP TEAMS THROUGH MENTORING MEETINGS AND BI-WEEKLY MEETINGS TO PROVIDE INDIVIDUAL AND GROUP SUPPORT. HANDS-ON SUPPORT WAS PROVIDED TO AN ARRAY OF OTHER ENTREPRENEURIAL PROGRAMS IN THE AREA INCLUDING JUDGING FOR USM'S MBA STUDENT PRACTICUMS, COLBY COLLEGE'S STUDENT PITCH COMPETITION, AND THE MAINE FOOD SYSTEMS CHALLENGE.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CHARLES LAWTON, DIRECTOR/TREASURER, IS THE STEPFATHER OF JESS KNOX, DIRECTOR/PRESIDENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL NOT BE PROVIDED TO THE ORGANIZATION'S GOVERNING BODY AS THE ORGANIZATION WAS DISSOLVED IN EARLY 2018. THE TREASURER AND CEO WERE GIVEN AUTHORIZATION TO WRAP UP THE ACTIVITIES OF THE ORGANIZATION INCLUDING THE FILING OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VENTURE HALL IS A SMALL ORGANIZATION WITH TWO PAID EMPLOYEES. THE CEO WRITES NEW CONTRACTS AND CHECKS FOR CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AMOUNT AND PROCESS OF DETERMINING COMPENSATION IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
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IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06375
IRS990/TotalAssetsEOYAmt037671
IRS990/TotalAssetsGrp/BOYAmt06375
IRS990/TotalAssetsGrp/EOYAmt037671
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0253500
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0151710
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt072943
IRS990/TotalFunctionalExpensesGrp/TotalAmt0224653
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06375
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt037671
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt072943
IRS990/TotalProgramServiceRevenueAmt02449
IRS990/TotalReportableCompFromOrgAmt095000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02449
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0255949
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt020
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt06375
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt037671
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt020510
IRS990/TravelGrp/ProgramServicesAmt05758
IRS990/TravelGrp/TotalAmt026268
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O A PERKINS BSSN PO BOX 9729
IRS990/USAddress/CityNm0PORTLAND
IRS990/USAddress/StateAbbreviationCd0ME
IRS990/USAddress/ZIPCd0041045029
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.VENTUREHALL.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL SOBOL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03038591376
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VENTURE HALL
ReturnHeader/Filer/BusinessNameControlTxt0VENT
ReturnHeader/Filer/EIN0813968921
ReturnHeader/Filer/PhoneNum03038591376
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O A PERKINS BSSN PO BOX 9729
ReturnHeader/Filer/USAddress/CityNm0PORTLAND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0ME
ReturnHeader/Filer/USAddress/ZIPCd0041045029
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0AF4BFF37E003F7E8EE9DD6159C4873F914C7B029
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0329D738394EA4A4A45E2B36F3C2EE4714A9CF1C1
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.49.137.50
ReturnHeader/FilingSecurityInformation/IPDt02018-08-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:50:40
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0010448006
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALBIN RANDALL & BENNETT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 445 130 MIDDLE STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PORTLAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0ME
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0041120445
ReturnHeader/PreparerPersonGrp/PhoneNum02077721981
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBIN L CYR
ReturnHeader/ReturnTs02018-09-05T10:48:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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