Extraordinary Ventures
Nonprofit profile at a glance
- EIN
- 113808390
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Chapel Hill, NC, USA
- Phone
- 9199671100
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,803,962
- Expenses
- $1,747,641
- Assets
- $484,185
- Liabilities
- $184,415
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- PAM HEMMINGER (President)
- VAN HATCHELL (Vice President)
Highest reported compensation
- LISA KAYLIE (Executive Dir.): $65,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide vocational training and social opportunities for students and adults 15 years of age and older with developmental disabilities.
What it reported doing in 2025
For the year ended December 31, 2025, Extraordinary Ventures, Inc. operated the following programs to create inclusive employment opportunities:(I)Social Enterprises Program - Six self-sustaining small businesses that provide employment opportunities for adults with IDD.(1)Extraordinary LaundryA pick-up and delivery laundry service serving local residential communities, universities, and businesses. The laundry business provides structured, supportive jobs in a professional work environment, allowing employees with IDD to develop vocational skills in delivery services and sorting, washing, and folding. (2)Extraordinary Office SolutionsThis venture provides mail processing services for large clients. Team members perform essential functions ranging from stamping letters to delivering pallets of mail to the post office. (3)Extraordinary GiftsAn e-commerce, wholesale, and retail gift business that produces handmade candles and soaps. Employees participate in all phases of production and fulfillment, including selling directly to the public at local markets. (4)The Blue Hill Event CenterA professional event space and that offers flexible event rentals ranging from corporate trainings to weddings. Events Crew employees are responsible for event set ups, tear downs, and regular building cleaning. (5)Extraordinary Clean CrewA commercial cleaning business. This program provides structured janitorial and maintenance roles that support skill development and teamwork. Current contracts include The Town of Chapel Hill and the Carol Woods Retirement Community. (6)Extraordinary PetsThis is a dog walking business. Employees walk dogs for clients on a regular schedule.(II)Community Engagement and Advocacy - In addition to its social enterprises program, Extraordinary Ventures works to raise awareness about the importance of inclusive employment, partnering with schools, families, and local governments to expand opportunities and promote systemic change.Together, these programs reflect Extraordinary Ventures belief in the abilities and potential of all individuals to lead fulfilling, productive lives through meaningful employment.
Operating model
- Revenue model
- Earned-program. 84% of the money available for current operations came from fees and other program revenue.
- 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. Some filing-based governance responses are negative or unanswered and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.8%; rating input score 85
- Program expense ratio: 87.5%; rating input score 88
- Fundraising efficiency: $19.99 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.1%; rating input score 40; 40th percentile among comparable filings
- Total-asset coverage ratio: 0.28; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.38; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 52; 52nd percentile among comparable filings
Growth
- Program expense growth: 9% per year; rating input score 100; 54th percentile among comparable filings
- Revenue growth: 9.6% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 5.8% per year; rating input score 100; 39th percentile among comparable filings
Details
- Where the money goes: 84.8% of revenue deployed · 87.5% of spending went to programs
- Governance: 9 of 9 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.5M in reported program spending
- Leadership: top reported pay $65K · 10 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- Review — Financial Efficiency: Fundraising efficiency scored 55/100.
- Moderate — Sustainability: Operating margin scored 40/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- Review — Sustainability: Officer compensation ratio scored 52/100.