Nonprofit · EIN 87-2928743
FORMATION VENTURES INC
Tax-exempt · SAN ANTONIO, TX 78213
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $80,682 | $64,775 | $15,907 | $88 | – | $88 |
| December 31, 2024 | 990-EZ | $161,482 | $168,752 | -$7,270 | $39,588 | $55,407 | -$15,819 |
| December 31, 2023 | 990-EZ | $81,812 | $90,361 | -$8,549 | $38,674 | $47,223 | -$8,549 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $80,682
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $64,775
- Program services (functional)
- $61,775
Balance sheet and other
- Total assets, start of year
- $39,588
- Total assets, end of year
- $88
- Total liabilities, end of year
- –
- Net assets, end of year
- $88
- Cash, savings and investments
- $88
- Gross receipts
- $80,682
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Saamra Mekuria-Grillo | CEO/Co-Founder | 10 | $0 |
| Darren Isom | Secretary | 1 | $0 |
| Gisele C Shorter | Director | 1 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Saamra Mekuria-Grillo | CEO/Co-Founder | 10 | $0 |
| Darren Isom | Secretary | 1 | $0 |
| Gisele C Shorter | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Darren Isom | Secretary | 5 | $0 |
| Saamra Mekuria-Grillo | CEO | 30 | $0 |
| Gisele C Shorter | Director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 2186 JACKSON KELLER RD SUITE 2111, SAN ANTONIO, TX 78213-2723
- In care of
- % SAAMRA MEKURIA-GRILLO
- Mailing address (990-N for 2022)
- 2186 Jackson Keller Rd Suite 2111, San Antonio TX 78213
- Principal officer (990-N for 2022)
- Saamra Mekuria-Grillp, 125 Stanford Dr, San Antonio TX 78212
- Signed the 990-EZ
- Saamra Mekuria-Grillo, CEO/Co-Founder
- Phone
- (510) 507-2520
- Website
- https://formation.ventures/
- Return prepared by
- Janice Moen CPA
Mission
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 accomplishments
- Programs include Run the Future, an entrepreneurial learning experience that accelerates youth and young adult learners towards greater success as innovators.Expenses $61,775
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 87-2928743
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B01)
- Assets (IRS master file)
- $88
- Income (IRS master file)
- $80,682
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $80,682 | $64,775 | $88 | XML |
| 990-EZ | December 2024 | $161,482 | $168,752 | $39,588 | XML |
| 990-EZ | December 2023 | $81,812 | $90,361 | $38,674 | XML |
| 990-N for 2022 Officer: Saamra Mekuria-Grillp | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
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 87-2928743).
Questions about FORMATION VENTURES INC
- What is the EIN of FORMATION VENTURES INC?
- The employer identification number (EIN) of FORMATION VENTURES INC is 87-2928743.
- Is FORMATION VENTURES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to FORMATION VENTURES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FORMATION 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 FORMATION VENTURES INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FORMATION VENTURES INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of FORMATION VENTURES INC?
- The 990-N for 2022 names Saamra Mekuria-Grillp.
- Who are the officers and directors of FORMATION VENTURES INC?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FORMATION VENTURES INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $80,682, expenses of $64,775 and total assets of $88 at year end.
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