Venture Out Business Center Foundation Inc
To promote and enhance the local economy by offering assistance to new businesses.
Venture Out Business Center Foundation Inc at a glance
In short: Venture Out Business Center Foundation Inc gave $1.1M across 1 grant in 2024 (avg $1.1M), mostly in Indiana. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $1,087,651
- Grants made (2024)
- 1
- Average grant
- $1,087,651
- Median grant
- $1,087,651
- Primary geography
- Indiana (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who Venture Out Business Center Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Community Foundation of Madison & J ($1.1M).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was in the $1–5M range: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $5K (2020) to $1.1M (2024). In 2024 it made 1 grant totaling $1.1M.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Foundation of Madison & J Madison, IN | Endowment | $1,087,651 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | — | $302,185 | $1,336,039 | $1,087,651 | 1 | $125,234 |
| 2023 | $1,040,478 | $196,299 | $239,917 | — | — | $79 |
| 2022 | $1,084,340 | $168,111 | $259,099 | — | — | $46 |
| 2021 | $1,176,148 | $185,086 | $245,176 | — | — | $-5,706 |
| 2020 | $1,249,962 | $186,090 | $218,236 | $5,400 | Total only | $1,255 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Venture Out Business Center Foundation Inc
Based on IRS filings
Venture Out Business Center Foundation Inc is a public charity, based in Madison, IN. IRS filing data is available from 2020 through 2024. In 2024, it awarded 1 grant totaling $1.1M. Net investment income was $125K.
Leadership & Key People
Officers and directors from IRS filings
Venture Out Business Center Foundation Inc is led by Devon Sharpe, President on every filing since 2020; none of the 8 officers listed in 2024 report compensation.
Officers on the 2024 filing
Devon Sharpe
President
On filings since 2020
2 hrs/week
No compensation reported
Charlie Rohlfing
Director
On filings since 2020
1 hr/week
No compensation reported
Drew Garrett
Director
On filings since 2020
1 hr/week
No compensation reported
Nancy Sobeck
Director
On filings since 2020
1 hr/week
No compensation reported
Robin Cull
Director
On filings since 2021
1 hr/week
No compensation reported
Courtney Gullion Althoff
Director
On filings since 2022
1 hr/week
No compensation reported
Andy Lytle
Vice President
On filings since 2020
2 hrs/week
No compensation reported
Tammy Boldery
Treasurer
On filings since 2020
2 hrs/week
No compensation reported
Former officers (3)
- Former: Courtney Gullion (2020–2021) — Director
- Former: Jeff Lawson (2020–2021) — Director
- Former: Kathy Smith (2020–2021) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Venture Out Business Center Foundation Inc
How much does Venture Out Business Center Foundation Inc give each year?
Venture Out Business Center Foundation Inc gave $1.1M across 1 grant in 2024, according to its 2024 IRS Form 990.
Where does Venture Out Business Center Foundation Inc operate?
Venture Out Business Center Foundation Inc has awarded grants in Indiana.
What is Venture Out Business Center Foundation Inc's EIN?
Venture Out Business Center Foundation Inc's EIN (Employer Identification Number) is 31-1213590. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS September 2, 2021)
- Updated Form 990 for fiscal year 2024 (received by the IRS May 14, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Venture Out Business Center Foundation Inc's focus areas in our free grants database
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