Venture for America Inc
TO REVITALIZE AMERICAN CITIES BY MOBILIZING THE NEXT GENERATION OF ENTREPRENEURS AND EQUIPPING THEM WITH THE SKILLS AND RESOURCES THEY NEED TO CREATE JOBS. THE ORGANIZATION OPERATES A 2-YEAR FELLOWSHIP PROGRAM THAT RECRUITS, TRAINS, AND INVESTS IN TOP RECENT COLLEGE GRADUATES BY PLACING THEM IN STARTUPS IN AMERICAN CITIES WITH EMERGING ENTREPRENEURSHIP ECOSYSTEMS AND HELPING THEM LAUNCH THEIR OWN HIGH-IMPACT BUSINESSES. VFA OPERATES A TWO-WEEK TRAINING CAMP FOR INCOMING FELLOWS, PROVIDES ONGOING PROGRAMMING DURING THE 2 YEAR FELLOWSHIP, AND OPERATES AN ACCELERATOR FOR PROGRAM GRADUATES WHO ARE STARTING THEIR OWN BUSINESSES.
Financial Overview
From 2023 IRS Form 990-PF · View filing
Total Assets
$2.5M
-12.5% YoY
Annual Giving
$545K
+7161.2% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$545K
+7161.2% YoY
About Venture for America Inc
Based on IRS filings
Venture for America Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in DETROIT, MI. IRS filing data is available from 2020 through 2023. As of 2023, the organization holds $2.5M in total assets. In 2023, it awarded 1 grants totaling $545K. Net investment income was $307K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $2,518,717 | $2,879,225 | $3,605,973 |
| Revenue | $5,007,019 | $5,383,435 | $6,866,605 |
| Expenses | $6,575,397 | $6,488,193 | $5,365,396 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $307,214 | $51 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2023
Grant Size Distribution
9 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2023 IRS filing
From 2023 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ERIC SOMERVILLE | CEO | 40 | $250,000 |
| DORIE SMITH | CHAIRPERSON | 3 | — |
| JAY BOCKHAUS | TREASURER | 3 | — |
| JENNIFER GABRIELLI | FORMER DIRECTOR | 3 | — |
| SHANE TINTLE | FORMER DIRECTOR | 3 | — |
| JARET DAVIS | FORMER DIRECTOR | 3 | — |
| ERIC FELDER | FORMER DIRECTOR | 3 | — |
| CHRISTIAN ANTHONY | FORMER DIRECTOR | 3 | — |
| MARCY ENGEL | FORMER DIRECTOR | 3 | — |
| MATT HAGGMAN | FORMER DIRECTOR | 3 | — |
| GIGI LEE CHANG | DIRECTOR | 3 | — |
| SHEGUN OTULANA | DIRECTOR | 3 | — |
| JAMES FEAGIN | DIRECTOR | 3 | — |
| KARL MUTH | DIRECTOR | 3 | — |
| KIM KOLT | DIRECTOR | 3 | — |
| MAXINE CLARK | DIRECTOR | 3 | — |
| ELIZABETH PARK | EMPLOYEE | 40 | $171,000 |
| CARRIE MURPHY | EMPLOYEE | 40 | $141,000 |
| MARY WRIGHT | EMPLOYEE | 40 | $127,000 |
| COLLEEN JUI LIAN WONG | EMPLOYEE | 40 | $125,000 |
| KEENAN COVINGTON | EMPLOYEE | 40 | $115,000 |
| TYLER MICHAEL ORGINSKI | EMPLOYEE | 40 | $115,000 |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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