Teen Venture
Nonprofit profile at a glance
- EIN
- 412028930
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Richlands, VA, USA
- Phone
- 2763459169
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Recreational Centers
Reported finances
- Revenue
- $108,167
- Expenses
- $115,242
- Assets
- $769,636
- Liabilities
- $7,674
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- ANN MARIE BURKS (EXECUTIVE DIRECTOR (FORMER))
- JEREMY CONNOR (EXECUTIVE DIRECTOR)
- JAMES MIKE RATLIFF (PRESIDENT (FORMER))
Highest reported compensation
- ANN MARIE BURKS (EXECUTIVE DIRECTOR (FORMER)): $8,755 total reported compensation
- JEREMY CONNOR (EXECUTIVE DIRECTOR): $4,201 total reported compensation
- VICTORIA KREBS (CHAIRMAN/ASST. DIRECTOR (FORMER)): $3,525 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide young men and women in middle school to twenty years of age with a teen center where they can participate in special interest activities and commercial enterprises unique to southwest Virginia, thereby developing good citizens for the future.
What it reported doing in 2024
For the operation of teen venture's center and it's mission.
Operating model
- Revenue model
- Donor-supported. 87% of the money available for current operations came from contributions and gifts.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 85
- Accountability: 86
- Sustainability: 46
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.8%; rating input score 79
- Program expense ratio: 73.9%; rating input score 74
- Fundraising efficiency: $9.19 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 13th 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; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: -6.5%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 6.68; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 14.3%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 4.2% per year; rating input score 100; 50th percentile among comparable filings
- Revenue growth: 8.6% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: -3.6% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 78.8% of revenue deployed · 73.9% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $85K in reported program spending
- Leadership: top reported pay $9K · 18 people listed
- Consistency: 21 of 22 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Operating margin scored 27/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 25/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.