SWITCHBOARD VENTURES INC

EIN: 454000615 501(c)(3) International Affairs

SUGAR LAND, TX

Total Revenue
$233,396
Total Expenses
$848,398
Total Assets
$424,399
Net Assets
$413,276
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
TX
Phone
7133059869
Tax Period
2023-01-01 to 2023-12-31

SWITCHBOARD VENTURES INC, founded in 2011, is a small nonprofit in the International Affairs sector that reported $233K in total revenue in fiscal year 2023. Expenses of $848K exceeded revenue, resulting in a 264% operating deficit.

Mission

SWITCHBOARD VENTURES IS A NOT FOR PROFIT CORPORATION ORGANIZED FOR THE RELIEF OF THE POOR DISTRESSED AND UNDERPRIVILEGED BY MEANS OF SMALL BUSINESS INVESTMENT LOANS AND CONSULTING IN EMERGING AND DEVELOPING COUNTRIES.

Program Service Accomplishments

Program 1
Expenses: $686,695 Revenue: $0

BUSINESS CONSULTING SERVICES: SWITCHBOARD VENTURES PROVIDED CONSULTING SERVICES IN DIFFERENT AREAS OF BUSINESS FORMATION AND OPERATION FOR ORGANIZATIONS AND OR INDIVIDUALS LOOKING TO START BUSINESSES...

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BUSINESS CONSULTING SERVICES: SWITCHBOARD VENTURES PROVIDED CONSULTING SERVICES IN DIFFERENT AREAS OF BUSINESS FORMATION AND OPERATION FOR ORGANIZATIONS AND OR INDIVIDUALS LOOKING TO START BUSINESSES THAT BENEFIT THE POOR DISTRESSED AND UNDERPRIVILEGED IN DEVELOPING COUNTRIES AROUND THE WORLD. SWITCHBOARD VENTURES PROVIDED CONSULTING ACTIVITIES THAT SERVE TO PROVIDE BUSINESS ACUMEN TO ENTREPRENEURS LOOKING TO START BUSINESSES IN DEVELOPING NATIONS OR EXISTING BUSINESSES LOOKING FOR STRATEGIC DIRECTION IN A CERTAIN BUSINESS DISCIPLINE SUCH AS MARKETING BUSINESS DEVELOPMENT ACCOUNTING FINANCE ETC. THE OBJECTIVE IS FOR SWITCHBOARD VENTURES CONSULTING SERVICES TO SPUR BUSINESS CREATION AND GROWTH THUS CREATING JOBS DISTRIBUTING GOODS AND CREATING SERVICES THAT SERVE TO ENHANCE DIGNITY OF THE INDIVIDUAL AND THE STATE OF THE TARGET COMMUNITIES.

Program 2
Expenses: $820 Revenue: $0

INVESTMENT CAPITAL: SWITCHBOARD VENTURES PROVIDED CAPITAL INVESTMENTS TO BUSINESS START-UPS IN DEVELOPING COUNTRIES IN ORDER TO BENEFIT THE POOR DISTRESSED AND UNDERPRIVILEGED. CAPITAL INVESTMENTS...

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INVESTMENT CAPITAL: SWITCHBOARD VENTURES PROVIDED CAPITAL INVESTMENTS TO BUSINESS START-UPS IN DEVELOPING COUNTRIES IN ORDER TO BENEFIT THE POOR DISTRESSED AND UNDERPRIVILEGED. CAPITAL INVESTMENTS HAVE BEEN MADE TO AROUND 40 DIFFERENT ORGANIZATIONS OR INDIVIDUALS LIVING IN BURMA PAKISTAN TURKEY ETC. THESE ORGANIZATIONS AND INDIVIDUALS WOULD NOT OTHERWISE BE ABLE TO OBTAIN FUNDS BECAUSE OF THE FINANCIAL RISKS INVOLVED IN ESTABLISHING AND OPERATING ENTERPRISES IN THESE COMMUNITIES OR BECAUSE OF THEIR MEMBERSHIP IN MINORITY OR OTHER DISADVANTAGED GROUPS. BY PROVIDING CAPITAL WE HOPE TO EITHER HELP STRUGGLING SMALL BUSINESSES OR HELP CREATE NEW ONES. THE CREATION OF JOBS AND THE PROVISION OF BASIC GOODS AND SERVICES FOR STRUGGLING COMMUNITIES VILLAGES GROUPS THROUGH BUSINESS CAN REJUVENATE AREAS AND PROVIDE MULTIPLE INDIVIDUALS WITH BOTH SUPPORT AND DIGNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $233,396
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $233,396

Expense Breakdown

Grants Paid $0
Salaries & Benefits $162,826
Fundraising Expenses $27,680
Program Expenses $687,515
Other Expenses $685,572
TOTAL EXPENSES $848,398

Year-over-Year Comparison

2023 2022 Change
Revenue $233,396 $223,403 +0.0%
Expenses $848,398 $244,682 +2.5%
Net Income $-615,002 $-21,279 +27.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
3
Independent Members
2
Employees
2
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$140,987
Total Directors
3
$140,987
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Cox President and Director 40.00
Officer Director
$99,000 $41,987 $140,987
Keith Troyer Secretary Treasurer and Director 0.00
Officer Director
$0 $0 $0
Travis Cardwell Vice President and Director 0.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $233,396 $848,398 $424,399 $-615,002
2022 $223,403 $244,682 $1,036,824 $-21,279
2021 $444,116 $288,076 $1,055,257 $156,040
2020 $274,412 $210,678 $897,147 $63,734
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