Nonprofit · EIN 77-0247648
VENTURES
Tax-exempt · WATSONVILLE, CA 95077
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,468,199 | $3,551,917 | -$83,718 | $5,932,086 | $98,580 | $5,833,506 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,337,449
- of which government grants
- $2,201,905
- Program service revenue
- $0
- Investment income
- $130,750
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,270,429
- Compensation of officers, directors and key employees
- $171,459
- Other salaries and wages
- $1,001,710
- Salaries, compensation and benefits (total)
- $1,271,694
- Professional fundraising fees
- $0
- Occupancy
- $15,200
- Travel
- $63,915
- Depreciation
- $6,523
- Program services (functional)
- $3,440,595
- Management and general (functional)
- $82,256
- Fundraising (functional)
- $29,066
Balance sheet and other
- Total assets, start of year
- $6,030,353
- Total assets, end of year
- $5,932,086
- Total liabilities, end of year
- $98,580
- Net assets, end of year
- $5,833,506
- Land, buildings and equipment
- $1,878
- Net assets without donor restrictions
- $2,670,918
- Net assets with donor restrictions
- $3,162,588
- Gross receipts
- $3,468,199
- Employees
- 27
- Year formed
- 1989
- State of legal domicile
- CA
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 |
|---|---|---|---|
| MARIA CADENAS | Executive Dir. Officer | 40 | $171,459 |
| DIVYA SHARMA | Director Trustee or director | 1 | $0 |
| CAITLIN BRUNE | Treasurer Trustee or director, Officer | 1 | $0 |
| DARLENE TORRES | Secretary Trustee or director, Officer | 1 | $0 |
| CRISTIAN HERNANDEZ-DIAZ | Director Trustee or director | 1 | $0 |
| HANK ARMSTRONG | Director Trustee or director | 1 | $0 |
| CHRIS BENNER | Vice Chairman Trustee or director, Officer | 1 | $0 |
| SIGOLENE ORTEGA | Chairman Trustee or director, Officer | 1 | $0 |
| LORRAINE YGLESIAS | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2375, WATSONVILLE, CA 95077-2375
- Signed the 990
- CAITLIN BRUNE, Treasurer
- Phone
- (831) 200-1719
- Return prepared by
- Hutchinson and Bloodgood LLP
Mission
Creating compassionate and equitable local economies that contribute to the well-being of our communities.Ventures partners with rural, working-class families in Californias Central Coast to ensure a shared and equitable economic future for all.
Program accomplishments
- Financial Capability (Familias con Ms) - provides financial capability education to rural, working-class families on all aspects of money-understanding it, managing it, and saving it. This includes a six-month financial stability program to help working-class families build community, self-determination, and financial wellbeing.Expenses $1,990,561 · grants $1,232,717
- Asset Building - Ensures families and youth can build wealth. This includes: - Semilitas is a community partnership that creates communities of belonging from birth, by investing in Santa Cruz County kids child development, post-secondary educational aspirations, and families financial capability by creating an automatic college savings account for all Santa Cruz County newborns. - Futuro - is a worker-owned cooperative business structure and network that provides income and wealth building for working-class families.Expenses $1,400,660 · grants $34,562
- Advocacy - To advocate for system-level interventions that, in part, enable the establishment of community-owned structures, which ensure community members hold decision-making power over policies and programs.Expenses $34,431 · grants $3,150
- Emergency Relief & Safety Net Services - As a trusted intermediary during times of crisis, Ventures provides relief to community members in need who are not comfortable working with institutions or who are left out of our safety net.Expenses $14,943
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
- 77-0247648
- 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
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P33J)
- Assets (IRS master file)
- $5,932,086
- Income (IRS master file)
- $3,468,199
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,177,388 | $2,041,361 | $6,030,353 | IRS |
| 990 | December 2022 | $2,765,285 | $1,801,908 | $2,747,879 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about VENTURES
- What is the EIN of VENTURES?
- The employer identification number (EIN) of VENTURES is 77-0247648.
- Is VENTURES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to VENTURES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VENTURES 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 VENTURES 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 VENTURES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of VENTURES?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $171,459 (MARIA CADENAS, Executive Dir.).
- How much revenue does VENTURES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,468,199, expenses of $3,551,917 and total assets of $5,932,086 at year end.
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- WATSONVILLE LAW CENTER EIN 20-8157214 · last filed 990 for 2025
- STABLE LIFE SERVICES EIN 83-0626839 · last filed 990 for 2025
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- MONTEREY BAY HORSEMANSHIP & THERAPEUTIC CENTER EIN 77-0577702 · last filed 990 for 2025
- YWCA OF WATSONVILLE EIN 94-1212142 · last filed 990 for 2025