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 rating267 of 111334 of 87
Fund acquisition rating398 of 111436 of 87
Resource allocation rating269 of 111425 of 87
Asset utilization rating528 of 111349 of 87

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%5%2%2%2%2%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
6%5%2%2%2%2%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%101%99%100%101%101%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
6%5%2%2%3%3%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%-1%1%0%-1%-1%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%90%92%91%93%93%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%100%83%89%83%85%
Program output ratio Program output ratio =
Program services /
Total revenue
82%90%77%82%77%79%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%0%17%11%17%15%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%1%25%14%33%37%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
6%5%5%7%5%5%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.511.401.111.121.431.87
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.241.051.031.021.011.02
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.901.461.151.151.441.90
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
16.5915.589.3529.388.637.85
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.060.110.030.120.13
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.847.679.3410.087.375.50
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
8%6%12%3%11%13%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%2%0%0%0%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
60%67%79%86%62%47%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$2,004,980$2,147,073$3,054,980$2,701,138$1,827,804
Receivables, inventories, prepaids$351,980$457,254$65,344$274,183$185,967
Short-term investments$1,726,181$2,121,559$0$0$0
Other current assets$0$0$0$0$0
Total current assets$4,083,141$4,725,886$3,120,324$2,975,321$2,013,771
Long-term investments$0$0$0$0$0
Fixed assets$181,588$147,391$56,109$10,129$15,218
Other long-term assets$16,500$16,500$16,500$16,500$16,500
Total long-term assets$198,088$163,891$72,609$26,629$31,718
Total assets$4,281,229$4,889,777$3,192,933$3,001,950$2,045,489
 
Liabilities20222021202020192018
Payables and accrued expenses$262,049$505,419$106,211$344,745$256,644
Other current liabilities$0$0$0$0$0
Total current liabilities$262,049$505,419$106,211$344,745$256,644
Debt$0$81,582$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$81,582$0$0$0
Total liabilities$262,049$587,001$106,211$344,745$256,644
 
Net assets20222021202020192018
Without donor restrictions$777,018$1,598,259$1,015,752$1,260,068$648,085
With donor restrictions$3,242,162$2,704,517$2,070,970$1,397,137$1,140,760
Net assets$4,019,180$4,302,776$3,086,722$2,657,205$1,788,845
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$6,079,477$6,470,538$4,031,269$5,194,165$4,531,471
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income($60,265)$54,978($3,865)$2,050($834)
Other revenue($14,008)($8,913)($12,131)($42,346)($36,982)
Total other revenue($74,273)$46,065($15,996)($40,296)($37,816)
Total revenue$6,005,204$6,516,603$4,015,273$5,153,869$4,493,655
 
Expenses20222021202020192018
Program services$5,397,005$5,009,950$3,274,145$3,972,445$3,555,795
Management and general$292,527$292,794$234,083$200,861$173,253
Fundraising$288,982$121,391$79,865$112,203$102,203
Total expenses$5,978,514$5,424,135$3,588,093$4,285,509$3,831,251
 
Change in net assets20222021202020192018
Surplus (deficit)$26,690$1,092,468$427,180$868,360$662,404
Other changes in net assets$0$0$0$0$0
Total change in net assets$26,690$1,092,468$427,180$868,360$662,404

Compensation

NameTitleCompensation
Paul HurckmanExecutive Director$110,737

Compensation data as of: 12/31/2022


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