Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2010.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
20 people listed on the 990; $838K paid to officers and key staff.
John Garofolo’s $154K as CFO (through 12/24) is at the 66th percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| John Garofolo | $154,251 | $146,111 | $146,354 | $146,426 | $151,655 |
| Christine Castillo | $124,682 | $123,399 | $105,597 | — | — |
| Andrew Glazier | $123,121 | $122,802 | $120,954 | $99,700 | $77,885 |
| Quan Huynh | $121,531 | $118,296 | $108,245 | — | — |
| Julie Jackson-Forsberg | $117,245 | $114,791 | $110,616 | $109,436 | $112,819 |
| Mariah Dickinson | $115,052 | — | — | — | — |
| Yehudah Pryce | $110,918 | $106,616 | — | — | — |
| Melissa O'Dell | — | $105,676 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Empowering people with criminal histories to change mindsets and secure second chances.
Questions for Defy Ventures INC
Your first name shows with your question. Defy Ventures INC answers here, for everyone.
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We're proud of defy's results and are excited to show supporters the results of their investment of time and funding. Since the launch of our program in january 2012, defy HAS:1.SERVED more than 7,900 entrepreneurs in training (eits) in our in-prison and post-release program.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.7M | $2.1M |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $3.3M | $3.3M |
| LiabilitiesLn 26 | $857K | $725K |
| Net assetsLn 32 | $2.4M | $2.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $73K | $73K | ||
| Pay of current officers, directors and key staffLn 5 | $324K | $266K | $35K | $22K |
| Other salaries and wagesLn 7 | $2.2M | $1.7M | $286K | $193K |
| Pension plan contributionsLn 8 | $5K | $4K | $529 | $330 |
| Other employee benefitsLn 9 | $197K | $162K | $22K | $13K |
| Payroll taxesLn 10 | $202K | $166K | $22K | $14K |
| Legal feesLn 11b | $31K | $31K | ||
| Accounting feesLn 11c | $38K | $38K | ||
| Other fees for servicesLn 11g | $111K | $35K | $72K | $4K |
| Office expensesLn 13 | $90K | $62K | $15K | $13K |
| Information technologyLn 14 | $43K | $20K | $15K | $9K |
| OccupancyLn 16 | $81K | $80K | $1K | |
| TravelLn 17 | $85K | $69K | $10K | $5K |
| InterestLn 20 | $6K | $6K | ||
| InsuranceLn 23 | $61K | $61K | $4 | |
| Other expenses (24a–d)Ln 24 | $253K | $230K | $5K | $18K |
| All other expensesLn 24e | $5K | $5K | ||
| Total functional expensesLn 25 | $3.8M | $3.0M | $559K | $292K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $4.6M | $4.3M | $314K | $2.9M | 990 PDF |
| FY2023 Viewing | $4.0M | $3.8M | $191K | $2.6M | 990 PDF |
| FY2022 | $3.2M | $2.9M | $351K | $2.4M | 990 PDF |
| FY2021 | $3.0M | $2.1M | $820K | $2.0M | 990 PDF |
| FY2020 | $2.6M | $1.9M | $772K | $1.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $4,021,502 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, no flags
Part VIII · Statement of revenue $4,021,502 across 10 lines filed
Part IX · Statement of functional expenses $3,830,168 across 17 lines filed
Part X · Balance sheet $3,316,665 assets, 15 lines filed
Part XI · Reconciliation of net assets $2,591,832 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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