Venture Out Business Center Foundation Inc

MADISON, IN EIN: 31-1213590 Website

TO PROMOTE AND ENHANCE THE LOCAL ECONOMY BY OFFERING ASSISTANCE TO NEW BUSINESSES.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$1.1M

Grant Count

Avg Grant Size

$1.1M

About Venture Out Business Center Foundation Inc

Based on IRS filings

Venture Out Business Center Foundation Inc is a nonprofit organization, based in MADISON, IN. IRS filing data is available from 2020 through 2024. In 2024, it awarded 1 grants totaling $1.1M. Net investment income was $125K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Indiana $1.1M (100%)

States

Indiana

Cities

Madison

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	—	$1,040,478	$1,084,340
Revenue	$302,185	$196,299	$168,111
Expenses	$1,336,039	$239,917	$259,099
Qualifying Distributions	—	—	—
Net Investment Income	$125,234	$79	$46
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 2024

Grant Size Distribution

1 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Community Foundation of Madison & J ($1,087,651).

Recipient	Purpose	Amount
COMMUNITY FOUNDATION OF MADISON & J MADISON, IN	ENDOWMENT	$1,087,651

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
COURTNEY GULLION ALTHOFF	DIRECTOR	1	—
CHARLIE ROHLFING	DIRECTOR	1	—
NANCY SOBECK	DIRECTOR	1	—
DREW GARRETT	DIRECTOR	1	—
ROBIN CULL	DIRECTOR	1	—
DEVON SHARPE	PRESIDENT	2	—
ANDY LYTLE	VICE PRESIDENT	2	—
TAMMY BOLDERY	TREASURER	2	—

Frequently Asked Questions

Where does Venture Out Business Center Foundation Inc operate?

Venture Out Business Center Foundation Inc has awarded grants in Indiana.

What size grants does Venture Out Business Center Foundation Inc award?

In 2024, Venture Out Business Center Foundation Inc awarded 1 grants totaling $1.1M — an average of about $1.1M per grant, based on its IRS Form 990 filings.

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.