Nonprofit · EIN 46-4531249
VENTURE CAROLINA
Tax-exempt · CHAPIN, SC 29036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $199,622 | $185,074 | $14,548 | $24,772 | $5,826 | $18,946 |
| December 31, 2023 | 990 | $100,450 | $138,587 | -$38,137 | $8,534 | $4,136 | $4,398 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $199,622
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $7,871
- Salaries, compensation and benefits (total)
- $7,871
- Professional fundraising fees
- $0
- Accounting fees
- $6,633
- Occupancy
- $21,536
- Travel
- $21,334
- Depreciation
- $592
- Program services (functional)
- $144,094
- Management and general (functional)
- $40,980
Balance sheet and other
- Total assets, start of year
- $8,534
- Total assets, end of year
- $24,772
- Total liabilities, end of year
- $5,826
- Net assets, end of year
- $18,946
- Land, buildings and equipment
- $1,478
- Gross receipts
- $199,622
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2014
- State of legal domicile
- SC
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 | Other / benefits |
|---|---|---|---|---|
| LEON C BANKS JR | EXECUTIVE DIRECTOR Officer | 20 | $0 | $5,400 |
| AUSTIN RHODES | AT-LARGE Trustee or director | 0.5 | $0 | $0 |
| DOROTHY SIMMONS | CHAIR Officer | 0.5 | $0 | $0 |
| TIM ZWERNER | SECRETARY Officer | 0.5 | $0 | $0 |
| JAMIE LYNCH | TREASURER Officer | 0.5 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LEON C BANKS JR | EXECUTIVE DIRECTOR Officer | 20 | $0 | $2,700 |
| AUSTIN RHODES | AT-LARGE Trustee or director | 0 | $0 | $0 |
| DOROTHY SIMMONS | CHAIR Officer | 0 | $0 | $0 |
| TIM ZWERNER | SECRETARY Officer | 0 | $0 | $0 |
| JAMIE LYNCH | TREASURER Officer | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 615, CHAPIN, SC 29036-0615
- Principal officer (990 for 2024)
- LEON C BANKS JR, POST OFFICE BOX 615, CHAPIN, SC 29036
- Signed the 990
- LEON C BANKS JR, EXECUTIVE DIRECTOR
- Phone
- (803) 414-6702
- Return prepared by
- BAUKNIGHT PIETRAS & STORMER PA
Mission
TO PROVIDE EDUCATIONAL PROGRAMS TO STIMULATE THE CREATION AND GROWTH OF HIGH IMPACT COMPANIES
Program accomplishments
- TO PROVIDE EDUCATIONAL PROGRAMS TO STIMULATE THE CREATION AND GROWTH OF HIGH IMPACT COMPANIES.Expenses $144,094
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
- 46-4531249
- 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
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S99)
- Assets (IRS master file)
- $24,772
- Income (IRS master file)
- $199,622
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $199,622 | $185,074 | $24,772 | XML |
| 990 | December 2023 | $100,450 | $138,587 | $8,534 | XML |
| 990 | December 2022 | $248,492 | $246,093 | $43,436 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
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 46-4531249).
Questions about VENTURE CAROLINA
- What is the EIN of VENTURE CAROLINA?
- The employer identification number (EIN) of VENTURE CAROLINA is 46-4531249.
- Is VENTURE CAROLINA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to VENTURE CAROLINA tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VENTURE CAROLINA 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 VENTURE CAROLINA 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 VENTURE CAROLINA 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 VENTURE CAROLINA?
- The 990 for the year ended December 31, 2024 names LEON C BANKS JR.
- Who are the officers and directors of VENTURE CAROLINA?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does VENTURE CAROLINA have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $199,622, expenses of $185,074 and total assets of $24,772 at year end.
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All nonprofits in CHAPIN · South Carolina · Community improvement and capacity building