2024-11-14T08:23:22-08:00 2023-12-31 950858589 Hutchinson and Bloodgood LLP 579 Auto Center Drive Watsonville CA 95076 990 2023-01-01 770247648 VENTURES VENT 8312001719 PO BOX 2375 Watsonville CA 95077 MARIA CADENAS Executive Dir. 2024-11-14 true true KIMBRA SAID CPA P01596055 8317242441 2023 2024-10-15 13:58:12Z PO BOX 2375 Watsonville CA 95077 5177388 false X www.sccvonline.org X 1989 CA Creating compassionate and equitable local economies that contribute to the well being of our communitiesWe are committed to do our work in ways that:Are family centered and culturally appropriate;Remove system level barriers to economic equity;Provide leadership development and financial education, including for children and youth;Develop new financial and asset building vehicles; andLift up and leverage the great work already being done. 7 7 27 0 2758052 5133187 6201 8988 1032 35213 0 2765285 5177388 754700 254250 0 720500 1293892 0 40232 326708 493219 1801908 2041361 963377 3136027 2747879 6030353 161954 205205 2585925 5825148 X Creating compassionate and equitable local economies that contribute to the well being of our communitiesWe are committed to do our work in ways that:Are family centered and culturally appropriate;Remove system level barriers to economic equity;Provide leadership development and financial education, including for children and youth;Develop new financial and asset building vehicles; andLift up and leverage the great work already being done. false false 921576 Asset Building - Ensures families and youth can build wealth. This includes: - Semilitas a community partnership that provides children's savings accounts for newborns in the county. The effort focuses on improving children's social emotional development, create a culture supporting post-secondary education, and increase assets and build financial capability of participating families. - Futuro - aims to be a worker-owned cooperative business structure and network that provides income and wealth building for Salinas Valley working-class Latino families. - Alas - which means wings in Spanish, is a six-month financial stability program to help working-class Latino families build community, self-determination, and financial wellbeing. Cohort model incorporates: - Guaranteed Income: families receive $500 /month for 6-months - Education and Resources: Participants receive monthly workshops and individual financial coaching to build savings, establish/ improve credit, build their savings, and reach personal financial goals. - Community Building: Participants work both as a large cohort, and in small groups with neighbors in their own cities. This ensures that they have a community to lean on after completing the program. 664863 145100 Financial Capability (Familias con Ms) works on two areas:- Education to build knowledge and skills on fair banking practices, savings, budgeting, credit, debt, overdraft fees, and predatory lenders through workshops, coaching, and community outreach.- Advocacy to address financial inequities, including the prevalence of predatory lenders, currently twice the rate in Watsonville than the city of Santa Cruz. 256372 108750 Emergency Relief & Safety Net Services As a trusted intermediary during times of crisis Ventures provide relief to community members in need who are not comfortable working with institutions or who are left out of our safety net. - UndocuFund Monterey Bay provides cash assistance to Monterey Bay area undocumented immigrant workers impacted by emergencies. 47019 400 1889830 true true false false false false false false false false true false false true false true true false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 17 0 true 27 true false false false false false false false 0 false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true false false false CA X MARIA CADENAS 8312001719 PO BOX 2375 WATSONVILLE CA 95077 MARIA CADENAS Executive Dir. 40.00 40.00 X 148000 0 0 DIVYA SHARMA Treasurer 1.00 0.00 X X 0 0 0 CAITLIN BRUNE Director 1.00 0.00 X 0 0 0 DARLENE TORRES Chairman 1.00 0.00 X X 0 0 0 ELISA ORONA Director 1.00 0.00 X 0 0 0 CHRIS BENNER Vice Chairman 1.00 0.00 X X 0 0 0 SIGOLENE ORTEGA Secretary 1.00 0.00 X X 0 0 0 LORRAINE YGLESIAS Director 1.00 0.00 X 0 0 0 148000 1 false false false 0 980598 4152589 5133187 CONSULTING INCOME 1700 1700 WORKSHOP INCOME 7288 7288 8988 35213 35213 0 0 0 0 0 0 0 0 5177388 8988 35213 X 0 254250 254250 0 0 148000 148000 0 895134 811768 56140 27226 30271 25872 3848 551 134839 115246 17143 2450 85648 73202 10888 1558 0 0 0 0 0 0 266745 251408 9524 5813 205 201 2 2 14747 14419 328 0 0 19850 18096 1467 287 51877 50559 24 1294 0 0 0 0 10669 10669 3413 3367 23 23 DUES AND MEMBERSHIPS 88481 87733 457 291 Printing and Publications 16476 16409 44 23 MILEAGE 7716 7526 56 134 Postage and Shipping 7574 7503 47 24 5466 4271 967 228 2041361 1889830 111299 40232 1758975 4548379 0 0 505515 455894 0 0 0 0 0 35021 26620 19070 8401 0 0 0 0 464319 1017679 2747879 6030353 58454 70430 103500 134775 161954 205205 X 896022 1730723 1689903 4094425 2585925 5825148 2747879 6030353 3136027 103196 X false true X true false X 293985 5225897 2697078 2758052 5133187 16108199 0 0 293985 5225897 2697078 2758052 5133187 16108199 0 16108199 23 1032 35213 36268 0 18585 8000 986 6201 8988 42760 16187227 0.99510 0.99610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35021 26620 8401 8401 BENEFICIAL INT IN ASSETS HELD BY OTHERS 234196 INVESTMENT 779326 Prepaid cards 1100 SECURITY DEPOSIT 3057 1017679 X 5280584 103196 103196 5177388 5177388 2041361 2041361 2041361 Part X : FIN48 Footnote MANAGEMENT HAS EVALUATED THE ORGANIZATIONS TAX POSITIONS AND CONCLUDED THEY TOOK NO UNCERTAIN TAX POSITIONS REQUIRING AN ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS ISSUED BY THE FINANCIAL ACCOUNTING STANDARDS BOARD. false 0 0 STIPEND - EMERGENCY CASH RELIEF 201 254250 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: Advocacy - efforts focus on addressing financial inequities, including the prevalence of predatory lenders, currently twice the rate in Watsonville than the city of Santa Cruz, as well as engaging with local governments on the value of a representative government and how this can affect economic decisions. Form 990, Part VI, Section B, Line 11b THE BOARD TREASURER REVIEWS FORM 990 PRIOR TO FILING. SUBSEQUENTLY A COPY OF THE FORM IS DISTRIBUTED TO THE VENTURES BOARD. Form 990, Part VI, Section B, Line 12c THE BOARD OF DIRECTORS AND MANAGEMENT REVIEW, UPDATE, AND DISTRIBUTE THE CONFLICT OF INTEREST POLICY TO ALL STAFF/VOLUNTEERS OF THE ORGANIZATION. THE MOST RECENT POLICY IS REVIEWED WITH AND SIGNED BY ALL STAFF AT LEAST ANNUALLY. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST