Nonprofit · EIN 13-3212023
VENTURE FOUNDATION LTD
Tax-exempt · NANUET, NY 10954
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $119,049 | $300,295 | -$181,246 | $198,016 | $2,000 | $196,016 |
| December 31, 2023 | 990 | $360,067 | $508,749 | -$148,682 | $476,934 | $99,672 | $377,262 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $113,108
- Investment income
- $623
- Net gain from sales of assets
- -$306
- Other revenue
- $5,624
Expenses
- Grants and similar amounts paid
- $45,996
- Compensation of officers, directors and key employees
- $101,364
- Salaries, compensation and benefits (total)
- $156,902
- Professional fees and payments to contractors
- $33,125
- Printing, publications and postage
- $666
- Other expenses
- $63,606
- Program services (functional)
- $132,646
Balance sheet and other
- Total assets, start of year
- $476,934
- Total assets, end of year
- $198,016
- Total liabilities, end of year
- $2,000
- Net assets, end of year
- $196,016
- Cash, savings and investments
- $9,473
- Gross receipts
- $132,899
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William W Schule | Executive Dir. | 40 | $101,364 |
| Joseph Condon | President | 1 | $0 |
| Denis Harte | Treasurer | 1 | $0 |
| Jeffrey Johnston | Secretary | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William W Schule | Executive Dir. Trustee or director, Officer | 40 | $120,766 |
| Joseph Condon | President Trustee or director, Officer | 1 | $0 |
| Kevin Lynch | Director Trustee or director | 1 | $0 |
| Denis Harte | Treasurer Trustee or director, Officer | 1 | $0 |
| Jeffrey Johnston | Secretary Trustee or director, Officer | 1 | $0 |
| Amy Piperato | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 228 EAST ROUTE 59 118, NANUET, NY 10954-2905
- Signed the 990-EZ
- Bill Schule, Executive Director
- Phone
- (845) 580-9380
- Website
- WWW.VENTUREFOUNDATION.ORG
- Return prepared by
- BERARD & ASSOCIATES CPAS PC
Mission
Venture Foundation is a not-for-profit corporation whose primary purpose is to solicit and disburse funds in support of individuals with developmental disabilities, own property, and act as conservator or guardians of individuals with developmental disabilities.
Program accomplishments
- Venture Foundation is dedicated to supplementing the delivery of services to children and adults with developmental disabilities in the Rockland County Community and assissting both non-profit and individual efforts committed to the same objective. This organization seeks to target its support to all types of individualswith developmental disabilities and their families; whether singly or as part of a group. Our methodology is to solicit funds from private citizens, charitable trusts, corporate or private foundations, as well as through fundraising events and programs. Funds are managed and directed for the benefit of children and adults with developmental disabilities, including the provision of resources for enhanced or unfunded programs and for the development of new facilities.Expenses $132,646
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3212023
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $198,016
- Income (IRS master file)
- $132,899
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $119,049 | $300,295 | $198,016 | XML |
| 990 | December 2023 | $360,067 | $508,749 | $476,934 | XML |
| 990 | December 2022 | $315,930 | $2,242,956 | $634,471 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3212023).
Questions about VENTURE FOUNDATION LTD
- What is the EIN of VENTURE FOUNDATION LTD?
- The employer identification number (EIN) of VENTURE FOUNDATION LTD is 13-3212023.
- Is VENTURE FOUNDATION LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to VENTURE FOUNDATION LTD tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VENTURE FOUNDATION LTD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VENTURE FOUNDATION LTD due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VENTURE FOUNDATION LTD last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of VENTURE FOUNDATION LTD?
- The 990-EZ for the year ended December 31, 2024 lists 4 people; 1 received compensation from the organization, the highest $101,364 (William W Schule, Executive Dir.).
- How much revenue does VENTURE FOUNDATION LTD have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $119,049, expenses of $300,295 and total assets of $198,016 at year end.
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