Civic Intelligence

Formation Ventures Inc

EIN 87-2928743 • 501(c)3

Siviq Scores

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

Liabilities / Assets

95th percentile

1.40x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

0.34x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

37th percentile

-4.5%

Higher net margin than 37% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

59th percentile

2.4%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

91st percentile

97%

Faster revenue growth than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

$39,588

No earlier filing loaded for comparison.

Liabilities

$55,407

No earlier filing loaded for comparison.

Net Assets

-$15,819

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue90th percentileNet Margin37th percentile

Revenue

$161,482

No earlier filing loaded for comparison.

Expenses

$168,752

No earlier filing loaded for comparison.

Net Income

-$7,270

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth59th percentile

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

$60K$40K$20K$0-$20KAssets 2024: $39,588Liabilities 2024: $55,407Net Assets 2024: -$15,8192024

Highlighted filing

2024

Assets$39,588
Liabilities$55,407
Net Assets-$15,819
Open 2024 Filing

Operations Trend

Revenue Growth91st percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2024: $161,482Expenses 2024: $168,752Net Income 2024: -$7,2702024

Highlighted filing

2024

Revenue$161,482
Expenses$168,752
Net Income-$7,270
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZXML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$39,588
Liabilities
$55,407
Net assets
-$15,819
Revenue
$161,482
Expenses
$168,752
Net income
-$7,270
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.40$0.55$0.16$1.61$1.69$0.07
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$161,482
Mission and Program Overview

Mission

Formation Ventures works to close the racial wealth gap and to build intergenerational wealth through entrepreneurship by providing identity-affirming entrepreneurial learning and support to Black young people.

Formation Ventures accelerates economic mobility through the development of the knowledge, skills, and social capital that unlock opportunity, with a particular focus on emerging entrepreneurs and young people ages 16-26.

Program Services

DescriptionGrantsExpenses
Formation Ventures Connect program equips emerging entrepreneurs and early career young people with the networks and social capital needed to unlock opportunity.-$136,532
Other programs include Run the Future, an entrepreneurial learning experience that accelerates youth and young adult learners towards greater success as innovators.-$13,530
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Saamra Mekuria-GrilloCEO/Co-FounderPT$0--
Darren IsomSecretary-$0--
Gisele C ShorterDirector-$0--
Filing and Contact Details

Filer

Filer Name
Formation Ventures Inc
EIN
87-2928743
Phone
5105072520
Address
2186 Jackson Keller Rd Suite 2111, San Antonio, TX 78213

Signing Officer

Name
Saamra Mekuria-Grillo
Title
CEO/Co-Founder
Signed
2025-11-06
Discuss with paid preparer
Yes

Preparer

Firm
Janice Moen CPA
Address
12 Vista Drive, Hooksett, NH 03106
Preparer
Janice Moen CPA
Phone
5052502231
Supplemental Narrative

Additional Explanations

Other Expenses.1002

“Office Expenses $80”

Total Liabilities.1001

“Accounts Payable and Accrued Expenses - Beginning $7223 Accounts Payable and Accrued Expenses - Ending $15407”

Total Liabilities.1008

“Unsecured Notes and Loans Payable - Beginning $40000 Unsecured Notes and Loans Payable - Ending $40000”

Raw XML Appendix131 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Saamra Mekuria-Grillo
IRS990EZ/BooksInCareOfDetail/PhoneNum05105072520
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt02186 Jackson Keller Rd Suite 2111
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0San Antonio
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd078213
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt038674
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt039588
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-7270
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt0168672
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt038674
IRS990EZ/Form990TotalAssetsGrp/EOYAmt039588
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0161482
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt01284
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0-8549
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-15819
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0-8549
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-15819
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Saamra Mekuria-Grillo
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Darren Isom
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Gisele C Shorter
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CEO/Co-Founder
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt080
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Formation Ventures accelerates economic mobility through the development of the knowledge, skills, and social capital that unlock opportunity, with a particular focus on emerging entrepreneurs and young people ages 16-26.
IRS990EZ/ProgramServiceRevenueAmt0160198
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Other programs include Run the Future, an entrepreneurial learning experience that accelerates youth and young adult learners towards greater success as innovators.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Formation Ventures Connect program equips emerging entrepreneurs and early career young people with the networks and social capital needed to unlock opportunity.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt013530
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt1136532
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt047223
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt055407
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0168752
IRS990EZ/TotalProgramServiceExpensesAmt0150062
IRS990EZ/TotalRevenueAmt0161482
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0https://formation.ventures
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt080871
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt080871
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0941
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0941
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.00000
IRS990ScheduleA/PublicSupportTotal170Amt080871
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt080871
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt080871
IRS990ScheduleA/TotalSupportAmt081812
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Office Expenses $80
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Accounts Payable and Accrued Expenses - Beginning $7223 Accounts Payable and Accrued Expenses - Ending $15407
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Unsecured Notes and Loans Payable - Beginning $40000 Unsecured Notes and Loans Payable - Ending $40000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Total Liabilities.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Total Liabilities.1008
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Saamra Mekuria-Grillo
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/Co-Founder
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-06
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Formation Ventures Inc
ReturnHeader/Filer/BusinessNameControlTxt0FORM
ReturnHeader/Filer/EIN0872928743
ReturnHeader/Filer/PhoneNum05105072520
ReturnHeader/Filer/USAddress/AddressLine1Txt02186 Jackson Keller Rd Suite 2111
ReturnHeader/Filer/USAddress/CityNm0San Antonio
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078213
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0860553260
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Janice Moen CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012 Vista Drive
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Hooksett
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd003106
ReturnHeader/PreparerPersonGrp/PhoneNum05052502231
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Janice Moen CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-06T17:26:49-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits