Venture Noire Inc Venture Noire

EIN: 851340632 501(c)(3) Community Improvement

Bentonville, AR

Total Revenue
$221,817
Total Expenses
$471,294
Total Assets
$306,277
Net Assets
$305,225
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AR
Principal Officer
KEENAN BEASLEY
Phone
6463343475
Tax Period
2023-01-01 to 2023-12-31

Venture Noire Inc Venture Noire, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $692K in total revenue in fiscal year 2021. The organization ran a surplus of $149K, a strong 22% operating margin.

Mission

To be the bridge that connects corporations with communities in order to improve Black business health

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $221,817
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $221,817

Expense Breakdown

Grants Paid $0
Salaries & Benefits $92,513
Fundraising Expenses $0
Program Expenses $60,388
Other Expenses $378,781
TOTAL EXPENSES $471,294

Year-over-Year Comparison

2023 2022 Change
Revenue $221,817 $1,458,170 -0.8%
Expenses $471,294 $1,001,264 -0.5%
Net Income $-249,477 $456,906 -1.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
5
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEENAN BEASLEY President 40.00
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
2023 $221,817 $471,294 $306,277 $-249,477
2022 $1,458,170 $1,001,264 $611,844 $456,906
2021 $691,664 $542,202 $154,941 $149,462
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