Nonprofit · EIN 27-3611908
DEFY VENTURES INC
Tax-exempt · LOS ANGELES, CA 90010
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,627,815 | $4,313,504 | $314,311 | $3,953,203 | $1,048,060 | $2,905,143 |
| December 31, 2023 | 990 | $4,021,502 | $3,830,168 | $191,334 | $3,316,665 | $724,833 | $2,591,832 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $4,437,541
- of which government grants
- $792,662
- Program service revenue
- $96,133
- Investment income
- $81,206
- Net gain from sales of assets
- $605
- Other revenue
- $12,935
Expenses
- Grants and similar amounts paid
- $129,610
- Compensation of officers, directors and key employees
- $332,631
- Other salaries and wages
- $2,530,523
- Salaries, compensation and benefits (total)
- $3,386,062
- Professional fundraising fees
- $0
- Legal fees
- $20,845
- Accounting fees
- $45,104
- Occupancy
- $95,407
- Travel
- $78,647
- Program services (functional)
- $3,441,526
- Management and general (functional)
- $520,567
- Fundraising (functional)
- $351,411
Balance sheet and other
- Total assets, start of year
- $3,316,665
- Total assets, end of year
- $3,953,203
- Total liabilities, end of year
- $1,048,060
- Net assets, end of year
- $2,905,143
- Net assets without donor restrictions
- $1,056,242
- Net assets with donor restrictions
- $1,848,901
- Gross receipts
- $4,627,815
- Employees
- 60
- Volunteers
- 904
- Year formed
- 2010
- State of legal domicile
- NY
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN GAROFOLO | CFO (THROUGH 12/24) Officer | 50 | $154,251 | $20,284 |
| ANDREW GLAZIER | PRESIDENT & CEO Officer | 50 | $123,121 | $26,586 |
| JULIE JACKSON-FORSBERG | VP, LEARNING Highest-paid employee | 50 | $117,245 | $26,187 |
| YEHUDAH PRYCE | SR. PROGRAM DIRECTOR, NMHP Highest-paid employee | 50 | $110,918 | $32,334 |
| CHRISTINE CASTILLO | VP, PROGRAMS Highest-paid employee | 50 | $124,682 | $7,434 |
| QUAN HUYNH | ED, SOUTHERN CALIFORNIA Highest-paid employee | 50 | $121,531 | $9,305 |
| MARIAH DICKINSON | VP SITE OPERATIONS Highest-paid employee | 50 | $115,052 | $14,602 |
| AMITA PARIKH | DR. OF FIN. & ADMIN. (AS OF 12/24) Officer | 50 | $7,788 | $0 |
| BRIAN KORB | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ARIEL JADUSZLIWER | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| KERRY BENNETT | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| JOHN DVOR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARCUS GLOVER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JENNIFER LOTITO | DIRECTOR (AS OF 9/24) Trustee or director | 0.5 | $0 | $0 |
| SONIA KAHLON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COSS MARTE | DIRECTOR Trustee or director | 0.5 | $0 |
| NICOLE MILLER | DIRECTOR Trustee or director | 0.5 | $0 |
| JONATHAN NEIL | DIRECTOR Trustee or director | 0.5 | $0 |
| COLE RICHMAN | DIRECTOR Trustee or director | 0.5 | $0 |
| APRIL TAM SMITH | DIRECTOR Trustee or director | 0.5 | $0 |
| DAVID SPROTT | DIRECTOR Trustee or director | 0.5 | $0 |
| PRAVEEN SESHADRI | DIRECTOR (AS OF 6/24) Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JOHN GAROFOLO | CFO Officer | 50 | $146,111 | $19,553 |
| JULIE JACKSON-FORSBERG | VP, LEARNING Highest-paid employee | 50 | $114,791 | $26,668 |
| YEHUDAH PRYCE | SR. PROGRAM DIRECTOR, NMHP Highest-paid employee | 50 | $106,616 | $31,395 |
| ANDREW GLAZIER | PRESIDENT & CEO Officer | 50 | $122,802 | $8,843 |
| CHRISTINE CASTILLO | VP, PROGRAMS Highest-paid employee | 50 | $123,399 | $7,017 |
| QUAN HUYNH | ED, SOUTHERN CALIFORNIA Highest-paid employee | 50 | $118,296 | $8,624 |
| MELISSA O'DELL | ED, ILLINOIS Highest-paid employee | 50 | $105,676 | $12,111 |
| BRIAN KORB | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ARIEL JADUSZLIWER | SECRETARY/TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| KERRY BENNETT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOHN DVOR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARCUS GLOVER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MICHAEL HUGGINS THRU 1223 | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SONIA KAHLON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| COSS MARTE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| NICOLE MILLER | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JONATHAN NEIL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| COLE RICHMAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| APRIL TAM SMITH | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID SPROTT | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3580 WILSHIRE BLVD STE 1705, LOS ANGELES, CA 90010-2518
- Principal officer (990 for 2024)
- ANDREW GLAZIER, 5 PENN PLAZA 19TH FLOOR, NEW YORK, NY 10001
- Signed the 990
- AMITA PARIKH, DIRECTOR OF FINANCE & ADMIN
- Phone
- (213) 232-1122
- Website
- WWW.DEFYVENTURES.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 27-3611908 or by the name DEFY VENTURES INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
DEFY VENTURES' MISSION IS TO SHIFT MINDSETS TO GIVE PEOPLE WITH CRIMINAL HISTORIES THEIR BEST SHOT AT A SECOND CHANCE BY PROVIDING THEM WITH PERSONAL DEVELOPMENT, CAREER READINESS, AND ENTREPRENEURSHIP TRAINING. DEFY'S VISION IS TO CUT THE RECIDIVISM RATE IN HALF BY LEVERAGING ENTREPRENEURSHIP TO INCREASE ECONOMIC OPPORTUNITY AND TRANSFORM LIVES.
Program accomplishments
- WE'RE PROUD OF DEFY'S RESULTS AND ARE EXCITED TO SHOW SUPPORTERS THE RESULTS OF THEIR INVESTMENT OF TIME AND FUNDING. SINCE THE LAUNCH OF OUR PROGRAM IN JANUARY 2012, DEFY HAS:1. SERVED NEARLY 10,000 ENTREPRENEURS IN TRAINING (EITS) IN OUR IN-PRISON AND POST-RELEASE PROGRAM. EITS COMPLETE A RIGOROUS SIX- TO NINE-MONTH CURRICULUM CULMINATING IN A BUSINESS PITCH COMPETITION AND GRADUATION AS PART OF THE IN-PRISON PROGRAM. THE POST-RELEASE PROGRAM INCLUDES WORKSHOPS, MENTORING, AND A BUSINESS INCUBATOR.2. ENGAGED 8,500+ EXECUTIVE VOLUNTEERS, INCLUDING VOLUNTEERS FROM HEDGE FUNDS, INVESTMENT BANKS, VENTURE CAPITAL AND PRIVATE EQUITY FIRMS, FORTUNE 500 COMPANIES, AND ENTREPRENEURIAL VENTURES. VOLUNTEERS SERVED AS BUSINESS PITCH COMPETITION JUDGES, MENTORS, AND RESUME COACHES.3. GROWN TO SERVE IN NINE STATES (CA, CT, IL, NJ, NY, PA, UT, WA, WI).4. RECORDED A ONE YEAR RECIDIVISM RATE OF LESS THAN 10%, AND A THREE-YEAR RECIDIVISM RATE OF LESS THAN 15%.5. LAUNCHED 215+ BUSINESSES, INCLUDING INCORPORATION AND SEED FUNDING.6. RAISED OVER $37 MILLION IN PRIVATE & PUBLIC FUNDING SINCE INCEPTION (2010).Expenses $3,441,526 · grants $129,610 · revenue $96,133
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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-3611908
- 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
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $3,953,203
- Income (IRS master file)
- $4,627,815
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,627,815 | $4,313,504 | $3,953,203 | XML |
| 990 | December 2023 | $4,021,502 | $3,830,168 | $3,316,665 | XML |
| 990 | December 2022 | $3,223,061 | $2,871,906 | $3,255,603 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 27-3611908).
Questions about DEFY VENTURES INC
- What is the EIN of DEFY VENTURES INC?
- The employer identification number (EIN) of DEFY VENTURES INC is 27-3611908.
- Is DEFY VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to DEFY VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEFY VENTURES INC 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 DEFY VENTURES INC 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 DEFY VENTURES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DEFY VENTURES INC?
- The 990 for the year ended December 31, 2024 names ANDREW GLAZIER.
- Who are the officers and directors of DEFY VENTURES INC?
- The 990 for the year ended December 31, 2024 lists 22 people; 8 received compensation from the organization, the highest $154,251 (JOHN GAROFOLO, CFO (THROUGH 12/24)).
- How much revenue does DEFY VENTURES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,627,815, expenses of $4,313,504 and total assets of $3,953,203 at year end.
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