Acenet Ventures Inc
Nonprofit profile at a glance
- EIN
- 311688567
- IRS 990-EZ coverage
- 2014–2015
- Forms available
- Form 990-EZ 2015
- Location
- Athens, OH, USA
- Phone
- 7405923854
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Small Business Development
Reported finances
- Revenue
- $11,721
- Expenses
- $18,746
- Assets
- $117,843
- Liabilities
- $197,873
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
12 people listed
People named in this filing
- TONYA CONRATH (BD. TRUSTEE)
- BRENT HARTMAN (BD. TRUSTEE)
- ANDREA LEWIS (BD. TRUSTEE)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide loans and technical assistance to various businesses in southeast Ohio in order to increase job opportunities especially for low income, or unemployed individuals.
What it reported doing in 2015
Provided loans and technical assistance to various businesses in southeast, Ohio.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 82
- Sustainability: 38
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 79.3%; rating input score 79
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -59.9%; rating input score 10; 10th percentile among comparable filings
- Total-asset coverage ratio: 6.29; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 1.68; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: -81.9% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: 14.1% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: -94.2% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 79.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $15K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2014 to 2015
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 10/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.