Nonprofit · EIN 93-3016672
VENTII FOUNDATION INC
Tax-exempt · GRAYSON, GA 30017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $215,576 | $15,000 | $200,576 | $200,575 | $0 | $200,575 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $215,101
- Program service revenue
- $0
- Investment income
- $475
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $15,000
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $200,575
- Total liabilities, end of year
- $0
- Net assets, end of year
- $200,575
- Net assets without donor restrictions
- $200,575
- Gross receipts
- $215,576
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2023
- State of legal domicile
- GA
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 |
|---|---|---|---|
| MAANOWO VENTII | DIRECTOR Trustee or director | 1 | $0 |
| ALLAN VENTII | DIRECTOR Trustee or director | 1 | $0 |
| CLAUDIA VENTII | DIRECTOR Trustee or director | 1 | $0 |
| KAREN SMITH | PRESIDENT Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 296 WHEAT GRASS CT, GRAYSON, GA 30017-4149
- In care of
- % KAREN SMITH
- Mailing address (990-N for 2023)
- 296 WHEAT GRASS COURT, GRAYSON GA 30017
- Principal officer (990 for 2024)
- KAREN SMITH, 296 WHEAT GRASS COURT, GRAYSON, GA 30017
- Principal officer (990-N for 2023)
- KAREN SMITH, 296 WHEAT GRASS COURT, GRAYSON GA 30017
- Signed the 990
- KAREN SMITH, PRESIDENT
- Phone
- (404) 248-7753
Mission
TO IMPROVE COMMUNICATION AND CONDUCT RESEARCH TO BE DISTRIBUTED TO THE HEALTHCARE COMMUNITY
Program accomplishments
- Initiated a reseach projectExpenses $15,000
- Assembled a board of directors
- Adopted Bylaws
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-N on file |
IRS record
- EIN
- 93-3016672
- 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
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E60)
- Assets (IRS master file)
- $200,575
- Income (IRS master file)
- $215,576
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $215,576 | $15,000 | $200,575 | XML |
| 990-N for 2023 Officer: KAREN SMITH | December 31, 2023 | ≤ $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 93-3016672).
Questions about VENTII FOUNDATION INC
- What is the EIN of VENTII FOUNDATION INC?
- The employer identification number (EIN) of VENTII FOUNDATION INC is 93-3016672.
- Is VENTII FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to VENTII FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VENTII FOUNDATION 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 VENTII FOUNDATION 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 VENTII FOUNDATION 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 VENTII FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names KAREN SMITH.
- Who are the officers and directors of VENTII FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does VENTII FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $215,576, expenses of $15,000 and total assets of $200,575 at year end.
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