2024-11-13T11:02:59-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 1145 BROADWAY SUITE 1300 TACOMA WA 98402 990 2023-01-01 911704028 VENTURES VENT 2063521945 2100 24TH AVE SOUTH 380 SEATTLE WA 98144 MONIQUE VALENZUELA EXECUTIVE DIRECTOR 2063521945 2024-11-12 1 1 ROSALINDA MARIKAR CPA P01684134 2532721555 2024-11-12 2023 2024-10-15 13:58:12Z WASHINGTON COMMUNITY ALLIANCE FOR SELF HELP MONIQUE VALENZUELA 2100 24TH AVE SOUTH 380 SEATTLE WA 98144 2940198 0 X VENTURESNONPROFIT.ORG X 1995 WA WE STRENGTHEN WELL-BEING AND ECONOMIC MOBILITY THROUGH BUSINESS EDUCATIONS, INCUBATION AND CAPITAL FOR INDIVIDUAL FROM UNDERREPRESENTED COMMUNITIES. 13 13 27 40 0 0 2529663 2802941 64852 70061 2210 4116 61188 53246 2657913 2930364 163399 544535 0 0 2018093 2089835 0 0 222224 738494 761279 2919986 3395649 -262073 -465285 3910500 3751244 927062 983091 2983438 2768153 X VENTURES' MISSION IS TO EMPOWER INDIVIDUALS WITH LIMITED RESOURCES AND UNLIMITED POTENTIAL TO IMPROVE THEIR LIVES THROUGH SMALL BUSINESS OWNERSHIP. 1 0 1326011 536535 WE ESTIMATE FINANCIAL PRODUCTS: $144,799 IN BUSINESS GRANTS AWARDED TO 124 BUSINESSES/INDIVIDUALS, 65 NEW LOANS TOTALING $270,061. 834448 0 20987 WE ESTIMATE BUSINESS TRAINING COURSES, WORKSHOPS & COACHING: 14 ORIENTATION WORKSHOPS FOR 267 INDIVIDUALS, 9 BUSINESS BASICS COURSES FOR 208 CLIENTS PARTICIPATED AND 29 ADVANCED WORKSHOPS. PROVIDED 2,500 HOURS OF BUSINESS COACHING TO 709 CLIENTS. 501344 8000 102081 WE ESTIMATE BUSINESS INCUBATORS (RETAIL & FOOD): 51 ACTIVE RETAIL VENDORS, 1 RETAIL INCUBATOR STORE, IT IS A 50/50 CONSIGNMENT WITH OVER $51,917 GENERATED FOR CLIENTS THROUGH STORE. 2661803 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 132 0 27 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X MONIQUE VALENZUELA 2063521945 2100 24TH AVE S STE 380 SEATTLE WA 98144 RENEE MARTIN PRESIDENT 5.00 X X 0 0 0 OCTAIVIEA RENEE PRESIDENT 3.00 X X 0 0 0 RONNY MENDIETA VICE PRESIDENT 2.00 X X 0 0 0 LISA TAYLOR SECRETARY 2.00 X X 0 0 0 ERIK WINTERS TREASURER 2.00 X X 0 0 0 JANET CAREAGA DIRECTOR 1.00 X 0 0 0 DOUG HALL DIRECTOR 1.00 X 0 0 0 BRIAN JAEGER DIRECTOR 1.00 X 0 0 0 PAUL OSHER DIRECTOR 1.00 X 0 0 0 JONATHAN SHALLOW DIRECTOR 1.00 X 0 0 0 JAMIE SHERBONDY DIRECTOR 1.50 X 0 0 0 DAVID SPICER DIRECTOR 2.00 X 0 0 0 DIANNA WINEGARDEN DIRECTOR 1.00 X 0 0 0 JOHN YU DIRECTOR 1.00 X 0 0 0 LAURA DONALDSON-FLETCHER INTERIM EXECUTIVE DIRECTOR 40.00 X 134330 0 50703 MONIQUE VALENZUELA EXECUTIVE DIRECTOR 40.00 X 87142 0 2614 221472 0 53317 1 0 1 0 0 28005 1952450 822486 5189 2802941 RETAIL INCUBATOR FEES 453000 49074 49074 CLASS PARTICIPATION FEE 611430 20987 20987 70061 3354 3354 53007 0 53007 53007 53007 762 0 762 762 762 5682 28005 9834 -4152 -4152 OTHER INCOME 900099 4391 4391 4391 2930364 123068 0 4355 544535 544535 274789 221151 34729 18909 1452477 1168901 183625 99951 43218 34782 5462 2974 160220 128940 20255 11025 159131 128064 20117 10950 20400 20400 339510 114856 165280 59374 54747 35564 16659 2524 154065 130014 22651 1400 22736 13646 1474 7616 14017 13933 84 18972 14229 2846 1897 14200 7120 7080 PROGRAM SUPPLIES 84243 82197 1483 563 PROFESSIONAL DEVELOPMEN 4941 2388 1866 687 BANK CHARGES AND CREDIT 4115 2434 13 1668 EVENTS 2686 2686 26647 19049 7598 3395649 2661803 511622 222224 1370754 1221929 1460407 1214218 570503 925844 43284 0 115679 273419 31910 48294 331006 291640 58337 39366 259626 28174 3910500 3751244 163471 190708 200000 158621 332492 475088 272478 117295 927062 983091 X 2577716 2610654 405722 157499 2983438 2768153 3910500 3751244 -465285 250000 0 X X 0 0 1 0 X 1523166 3550814 2613814 2529663 2802941 13020398 1523166 3550814 2613814 2529663 2802941 13020398 232444 12787954 3484 2618 2649 2210 3354 14315 17457 10821 249120 61188 4391 342977 13377690 187920 0.95590 0.83520 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 17,457. 2020 AMOUNT: $ 10,821. 2021 AMOUNT: $ 249,120. 2022 AMOUNT: $ 61,188. 2023 AMOUNT: $ 4,391. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 62451 32020 30431 268555 259620 8935 39366 LEASE LIABILITY 31046 BORROWER INTEREST HELD IN TRUST 86249 117295 VENTURE FORWARD 28984 28005 979 2250 4890 1230 28984 28005 979 2250 4890 1230 8370 -7391 1 A STAR PRINT & COPY LLC 247 SW 153RD ST BURIEN WA 98166 863864853 7000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR ANGELICA'S BRIDAL BOUTIQUE 239 SW 153RD ST BURIEN WA 98166 662683998 6797 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR BALKAN MARKET LTD 144 SW 153RD ST BURIEN WA 98166 522376426 6941 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR BURIEN NAILS 15004 AMBAUM BLVD SW BURIEN WA 98166 626505577 6000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR BURIEN SPA & BARBER 15712 1ST AVE S BURIEN WA 98148 861805219 5832 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR CITLALI CREATIVO 447 SW 152ND ST STE 100 BURIEN WA 98166 463746913 7000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR EL CABRITO LLC 14631 AMBAUM BLVD SW BURIEN WA 98166 622828412 15000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR FANTSTICA BEAUTY SALON 871 SW 136TH ST BURIEN WA 98166 995725794 6000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR GINA'S HAIR AND NAILS SALON 1021 SW 136TH ST BURIEN WA 98166 531454214 6000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR ISPLAPTOPS 15610 1ST AVENUE SOUTH BURIEN WA 98148 464686009 7000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR LA CANASTA 13602 AMBAUM BLVD SW BURIEN WA 98166 611529440 6000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR LATINOS TRAVEL INC 145 SW 152ND ST STE A BURIEN WA 98166 472559760 6000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR MONICOS BEAUTY & BARBER SALON LLC 15403 1ST AVE S SUITE B-A BURIEN WA 98148 010941801 6000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR NOW MAKE ME A SANDWICH 641 SW 152ND ST BURIEN WA 98166 371909935 6640 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR SALA DE BELLEZA LOLYS LLC 14607 1ST AVE S BURIEN WA 98168 611923824 6536 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR THE JUNGLE GYM 816 SW 152ND ST BURIEN WA 98166 680612160 6000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR TRINA HAIR SALON 14726 25TH CT S BURIEN WA 98168 507276673 6000 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR VINCE'S ITALIAN RESTAURANT 15223 4TH AVE SW BURIEN WA 98166 911655148 7925 0 N/A N/A ECONOMIC RECOVERY & STOREFRONT REPAIR CATALYST COFFEE LLC 7611 49TH DR NE MARYSVILLE WA 98270 862984773 7140 0 N/A N/A COMMERICAL LEASE FORGIVENESS LILYS SALVADOREAN CATERING 2940 SW AVALON WAY SEATTLE WA 98126 464563295 12499 0 N/A N/A COMMERICAL LEASE FORGIVENESS SEEDS & SPROUTS LLC 17684 1ST AVE S BURIEN WA 98148 611850216 23021 0 N/A N/A COMMERICAL LEASE FORGIVENESS 0 21 PART I, LINE 2: CITY OF BURIEN ECONOMIC RECOVERY AND STOREFRONT REPAIR GRANTS WERE SELF-ATESTED AND VENTURES REVIEWED SUBMITTALS BASED ON CRITERIA FROM CITY OF BURIEN. FORGIVEN COMMERICAL LEASES WERE BASED ON PAID IN FULL STATUS FOR MICRO LOANS. X X X 0 0 0 0 0 0 0 0 0 LAURA DONALDSON-FLETCHER INTERIM EXECUTIVE DIRECTOR 122038 0 10001 0 2291 0 4030 0 46673 0 185033 0 0 0 FORM 990, PART III, LINE 2 IN 2023, VENTURES STARTED DISTRIBUTING THE CITY OF BURIEN ECONOMIC RECOVERY AND STORE FRONT REPAIR GRANTS. VENTURES PROVIDED SERVICES AND IMPLEMENT THE CITY OF BURIEN'S SMALL BUSINESS ECONOMIC RECOVERY GRANT PROGRAM TO MITIGATE FINANCIAL HARDSHIPS. FORM 990, PART VI, SECTION A, LINE 1A THE OFFICERS OF THE CORPORATION WILL COMPRISE THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXECUTE THE POWERS OF THE BOARD IN THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION BETWEEN MEETINGS OF THE FULL BOARD. THE EXECUTIVE COMMITTEE SHALL REPORT ON ACTIONS IT TAKES AT THE NEXT MEETING OF THE FULL BOARD, AT WHICH TIME ACTIONS MUST BE RATIFIED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL CONDUCT AN ANNUAL WRITTEN PERFORMANCE REVIEW FOR THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE REVIEWS 990 AND BOARD VOTES TO APPROVE THE FORM BEFORE FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES, OFFICERS, AND DIRECTORS WHO HAVE ANY INFLUENCE ON OR PERSONAL INTEREST IN TRANSACTIONS INVOLVING PURCHASES, MEMBERSHIP DECISIONS, LOANS, GRANTS, CONTRACTS, OR LEASES, MUST DISCLOSE THE EXISTENCE OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST IN WRITING TO VENTURES' EXECUTIVE DIRECTOR AS SOON AS POSSIBLE, SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. THE EXECUTIVE DIRECTOR REPORTS ANY POTENTIAL CONFLICTS TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS RESEARCHED COMPARABLE SALARIES USING THE 501 COMMONS NONPROFIT WAGE SURVEY AND APPROVED THE COMPENSATION FOR THE EXECUTIVE DIRECTOR POSITION. THE FINAL DECISION IS DOCUMENTED WITH HR AFTER APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, ETC, AVAILABLE TO THE PUBLIC (PART VI) - GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. IN ADDITION, THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON OUR WEBSITE. FORM 990, PART XII, LINE 3B: THE REQUIRED AUDIT DESCRIBED IN UNIFORM GUIDANCE, 2 C.F.R. PART 200, SUBPART F WAS IN PROCESS AS OF THE DATE OF FILING.