Venture Academy
Legal name: Venture Academy Inc
Nonprofit profile at a glance
- EIN
- 921602819
- IRS 990 coverage
- 2023–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Chippewa Falls, WI, US
- Phone
- 715-972-0032
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Elementary, Secondary Education, K - 12
- Affiliation
- Christianity
Reported finances
- Revenue
- $5,485,969
- Expenses
- $3,896,369
- Assets
- $6,289,128
- Liabilities
- $590,680
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- BRIAN SULLIVAN (PRESIDENT/INTERIM HEAD OF SCHOOL)
Highest reported compensation
- BRIAN SULLIVAN (PRESIDENT/INTERIM HEAD OF SCHOOL): $180,446 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Venture Academy prepares students to thrive intellectually, emotionally, socially, and spiritually in a rapidly changing world.
What it reported doing in 2024
Venture academy is an innovative christian school currently serving students k-6 in the chippewa valley. At venture, students are provided a unique opportunity to explore and pursue their individual callings while learning from a christian worldview. When students enter their classrooms they're empowered to take ownership over their education in hands-on learning environments where christian values are modeled, taught, and lived.by connecting foundational skills to real-world experiences, we're able to help students develop a strong sense of values, character, and perseverance. Through these learning experiences, our students are able to truly own their journey as they grow to become christ-centered leaders, designers, and innovators ready to embrace a rapidly changing world with confidence, knowing that tomorrow is just waiting to be created.
Operating model
- Revenue model
- Donor-supported. 90% 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.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 70
- Accountability: 92
- Sustainability: 69
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61.9%; rating input score 62
- Program expense ratio: 86.7%; rating input score 87
- Fundraising efficiency: $46.17 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 17th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 29%; rating input score 84; 84th percentile among comparable filings
- Total-asset coverage ratio: 1.61; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.09; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 168.5% per year; rating input score 100; 100th percentile among comparable filings
- Revenue growth: 48.3% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 75.2% per year; rating input score 100; 99th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 61.9% of revenue deployed · 86.7% of spending went to programs
- Governance: 6 of 7 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $3.4M in reported program spending
- Leadership: top reported pay $180K · 7 people listed · 1 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 2 filing years from 2023 to 2024
- 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 — Sustainability: Total-asset coverage ratio scored 54/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.