Venture

The information on this page was last updated 8/31/2022. 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 rating157 of 103419 of 85
Fund acquisition rating169 of 103617 of 85
Resource allocation rating189 of 103617 of 85
Asset utilization rating537 of 103443 of 85

Financial ratios

Funding ratiosSector median20192018201720162015
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%2%2%2%1%0%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%2%2%2%1%0%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%101%101%100%101%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%3%3%2%2%0%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%-1%-1%0%-1%-1%
 
Operating ratiosSector median20192018201720162015
Program expense ratio Program expense ratio =
Program services /
Total expenses
85%93%93%93%93%94%
Spending ratio Spending ratio =
Total expenses /
Total revenue
93%83%85%98%82%100%
Program output ratio Program output ratio =
Program services /
Total revenue
78%77%79%91%76%94%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
7%17%15%2%18%0%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
14%33%37%7%53%0%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
7%5%5%5%6%6%
 
Investing ratiosSector median20192018201720162015
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.491.431.872.662.174.82
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.221.011.021.031.021.05
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
2.131.441.902.742.225.07
 
Liquidity ratiosSector median20192018201720162015
Current ratio Current ratio =
Total current assets /
Total current liabilities
9.598.637.857.877.7513.03
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.100.120.130.130.130.08
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
4.597.375.503.824.722.19
 
Solvency ratiosSector median20192018201720162015
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
11%11%13%12%13%7%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
54%62%47%33%40%19%

Financials

Balance sheet
 
Assets20192018201720162015
Cash$2,701,138$1,827,804$1,120,924$1,051,124$494,566
Receivables, inventories, prepaids$274,183$185,967$126,091$123,764$6,341
Short-term investments$0$0$0$0$0
Other current assets$0$0$0$0$0
Total current assets$2,975,321$2,013,771$1,247,015$1,174,888$500,907
Long-term investments$0$0$0$0$0
Fixed assets$10,129$15,218$21,316$5,980$9,477
Other long-term assets$16,500$16,500$16,500$16,500$16,500
Total long-term assets$26,629$31,718$37,816$22,480$25,977
Total assets$3,001,950$2,045,489$1,284,831$1,197,368$526,884
 
Liabilities20192018201720162015
Payables and accrued expenses$344,745$256,644$158,390$151,558$38,436
Other current liabilities$0$0$0$0$0
Total current liabilities$344,745$256,644$158,390$151,558$38,436
Debt$0$0$0$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$0$0$0
Total liabilities$344,745$256,644$158,390$151,558$38,436
 
Net assets20192018201720162015
Without donor restrictions$1,260,068$648,085$525,660$434,687$286,666
With donor restrictions$1,397,137$1,140,760$600,781$611,123$201,782
Net assets$2,657,205$1,788,845$1,126,441$1,045,810$488,448
 
Revenues and expenses
 
Revenue20192018201720162015
Total contributions$5,194,165$4,531,471$3,511,348$3,180,528$2,552,730
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$2,050($834)$3,851$0$0
Other revenue($42,346)($36,982)($18,351)($20,299)($15,792)
Total other revenue($40,296)($37,816)($14,500)($20,299)($15,792)
Total revenue$5,153,869$4,493,655$3,496,848$3,160,229$2,536,938
 
Expenses20192018201720162015
Program services$3,972,445$3,555,795$3,180,732$2,416,609$2,387,714
Management and general$200,861$173,253$165,695$146,223$151,168
Fundraising$112,203$102,203$69,790$40,035$0
Total expenses$4,285,509$3,831,251$3,416,217$2,602,867$2,538,882
 
Change in net assets20192018201720162015
Surplus (deficit)$868,360$662,404$80,631$557,362($1,944)
Other changes in net assets$0$0$0$0$0
Total change in net assets$868,360$662,404$80,631$557,362($1,944)

Compensation

NameTitleCompensation
Paul HurckmanSecretary, Executive Director$84,580

Compensation data as of: 12/31/2019


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 8/31/2022. To update the information below, please email: [email protected]


History


Program accomplishments

January - December 2020
375 feminine hygiene kits distributed
728 received care & safe housing
7.1 million meals distributed
110 trained in hygiene & trauma care
181 house churches planted
800+ farmers equipped


Needs