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
Transparency grade
A
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Relief and Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 234 of 1123 | 27 of 101 |
| Fund acquisition rating | | 280 of 1124 | 29 of 101 |
| Resource allocation rating | | 375 of 1124 | 33 of 101 |
| Asset utilization rating | | 473 of 1123 | 46 of 101 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 7% | 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 ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
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 | 1% | 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 ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.54 | 1.69 | 1.40 | 1.11 | 1.12 | 1.43 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.24 | 1.04 | 1.05 | 1.03 | 1.02 | 1.01 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 2.12 | 1.77 | 1.46 | 1.15 | 1.15 | 1.44 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 13.47 | 18.63 | 15.58 | 9.35 | 29.38 | 8.63 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.07 | 0.05 | 0.06 | 0.11 | 0.03 | 0.12 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 4.71 | 6.43 | 7.67 | 9.34 | 10.08 | 7.37 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
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 | 53% | 56% | 67% | 79% | 86% | 62% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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 assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| 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
| Name | Title | Compensation |
| Paul Hurckman | Executive Director | $114,122 |
| Kristen Willard | Member | $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.