Venture

The information on this page was last updated 5/23/2023. If you see errors or omissions, please email: [email protected]


Summary

We spend our greatest energies to address the world's greatest injustices, including human trafficking, refugee crises, and extreme poverty. We intentionally target areas with less than 2% Gospel Witness, and that receive less than 1% of all Christian Giving.


Contact information

Mailing address:
Venture
511 E. Travelers Trail
Burnsville, MN 55337

Website: venture.org

Phone: 952-358-6444

Email: [email protected]


Organization details

EIN: 411720155

CEO/President: Paul Hurckman / Ryan Skoog

Chairman: Tim Skoog

Board size: 10

Founder:

Ruling year: 1992

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2017


Purpose

We address injustice through:
Rescue & Safety
Food Security
Education
Agribusiness
Discipleship
Women's Empowerment


Mission statement

We spend our greatest energy on the worlds greatest needs as an active response to the Gospel. So, we do tough things, we sacrifice, we go the extra mile to help - in prayer, giving, serving, running, cycling or hiking. Through this we meet dire needs, restore dignity, and provide Christ's hope.


Statement of faith

Our program centers on discovering God at work in the world and in us, and we adhere to the Nicene Creed, the Bible, and teachings of Jesus Christ. We also work with multiple denominations, but are not affiliated with any particular denomination.

Donor confidence score

Show donor confidence score details

Transparency grade

A

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating210 of 110728 of 104
Fund acquisition rating270 of 110831 of 104
Resource allocation rating371 of 110834 of 104
Asset utilization rating427 of 110748 of 104

Financial ratios

Funding ratiosSector median20232022202120202019
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%3%5%2%2%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%3%5%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%97%101%99%100%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%3%5%2%2%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%3%-1%1%0%-1%
 
Operating ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%90%90%92%91%93%
Spending ratio Spending ratio =
Total expenses /
Total revenue
100%99%100%83%89%83%
Program output ratio Program output ratio =
Program services /
Total revenue
87%89%90%77%82%77%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
0%1%0%17%11%17%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
2%2%1%25%14%33%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%6%5%5%7%5%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.521.691.401.111.121.43
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.261.041.051.031.021.01
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.001.771.461.151.151.44
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
13.8318.6315.589.3529.388.63
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.070.050.060.110.030.12
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.116.437.679.3410.087.37
 
Solvency ratiosSector median20232022202120202019
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%5%6%12%3%11%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%2%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
55%56%67%79%86%62%

Financials

Balance sheet
 
Assets20232022202120202019
Cash$2,918,226$2,004,980$2,147,073$3,054,980$2,701,138
Receivables, inventories, prepaids$218,048$351,980$457,254$65,344$274,183
Short-term investments$1,145,437$1,726,181$2,121,559$0$0
Other current assets$0$0$0$0$0
Total current assets$4,281,711$4,083,141$4,725,886$3,120,324$2,975,321
Long-term investments$0$0$0$0$0
Fixed assets$165,944$181,588$147,391$56,109$10,129
Other long-term assets$16,500$16,500$16,500$16,500$16,500
Total long-term assets$182,444$198,088$163,891$72,609$26,629
Total assets$4,464,155$4,281,229$4,889,777$3,192,933$3,001,950
 
Liabilities20232022202120202019
Payables and accrued expenses$229,823$262,049$505,419$106,211$344,745
Other current liabilities$0$0$0$0$0
Total current liabilities$229,823$262,049$505,419$106,211$344,745
Debt$0$0$81,582$0$0
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$81,582$0$0
Total liabilities$229,823$262,049$587,001$106,211$344,745
 
Net assets20232022202120202019
Without donor restrictions$1,627,818$777,018$1,598,259$1,015,752$1,260,068
With donor restrictions$2,606,514$3,242,162$2,704,517$2,070,970$1,397,137
Net assets$4,234,332$4,019,180$4,302,776$3,086,722$2,657,205
 
Revenues and expenses
 
Revenue20232022202120202019
Total contributions$7,430,587$6,079,477$6,470,538$4,031,269$5,194,165
Program service revenue$135,888$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$87,706($60,265)$54,978($3,865)$2,050
Other revenue($9,597)($14,008)($8,913)($12,131)($42,346)
Total other revenue$213,997($74,273)$46,065($15,996)($40,296)
Total revenue$7,644,584$6,005,204$6,516,603$4,015,273$5,153,869
 
Expenses20232022202120202019
Program services$6,813,434$5,397,005$5,009,950$3,274,145$3,972,445
Management and general$486,007$292,527$292,794$234,083$200,861
Fundraising$258,350$288,982$121,391$79,865$112,203
Total expenses$7,557,791$5,978,514$5,424,135$3,588,093$4,285,509
 
Change in net assets20232022202120202019
Surplus (deficit)$86,793$26,690$1,092,468$427,180$868,360
Other changes in net assets$0$0$0$0$0
Total change in net assets$86,793$26,690$1,092,468$427,180$868,360

Compensation

NameTitleCompensation
Paul HurckmanExecutive Director$114,122
Kristen WillardMember$89,569

Compensation data as of: 12/31/2023


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 5/23/2023. To update the information below, please email: [email protected]


History


Program accomplishments

January - December 2022
REFUGEE CARE

9.18M Meals distributed in areas of military conflict and extreme poverty. 1,577 Children benefitted from education and childhood development programs.

RESCUE & SAFETY FROM HUMAN TRAFFICKING


532 Individuals rescued from human trafficking. 4,970 Young women counseled at border patrol stations.

CHURCH PLANTING

3,840 Pastors and church planters received training. 4,065 Churches planted in the last four years.

WOMEN'S EMPOWERMENT

6,100 Women received feminine hygiene kits & education. 135 Women received trauma counseling.


Needs