Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1996.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
73 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
15 people listed on the 990; $124K paid to officers and key staff (Part VII, Section A).
Monique Valenzuela’s $159K as Executive Director is at the 68th percentile of top reported officer pay among 3395 $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 · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Monique Valenzuela | $158,525 | $87,142 | — | — | — |
| Carlos a Sanchez-Yarce | — | — | — | $142,458 | $131,500 |
| Laura Donaldson-Fletcher | — | $134,330 | $124,067 | — | — |
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.
See Ventures executive salaries →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
Empowers individuals from underrepresented communities by providing business education, incubation programs, and capital to foster economic mobility and financial well-being.
Questions for Ventures
Your first name shows with your question. Ventures answers here, for everyone.
Business Training Courses, Workshops & Coaching
7 orientation workshops for 155 individuals, 7 business basics courses for 157 clients participatedd and 78 advanced workshops. Provided 2,101 hours of business coaching to 412 clients
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-1704028) · Dispute this lineFinancial Products
$144,799 in business grants awarded to 194 businesses/individuals, 35 new loans totaling $166,238
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-1704028) · Dispute this lineBusiness Incubators(retail & Food)
56 active retail vendors, 1 retail incubator store, it is a 50/50 consignment with over $49,000 generated for clients through store.
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 91-1704028) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported 4 findings: a material weakness in money controls.
Plus 1 smaller program.
The auditor reported 7 findings: a material weakness in money controls, questioned costs.
The auditor reported: a weakness in money controls.
The auditor reported no findings.
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.3M | $2.8M |
| Land, buildings, equipmentLn 10c | $58K | $58K |
| Total assetsLn 16 | $4.1M | $3.9M |
| LiabilitiesLn 26 | $817K | $927K |
| Net assetsLn 32 | $3.2M | $3.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $163K | $163K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $1.6M | $1.2M | $232K | $224K |
| Payroll taxesLn 10 | $369K | $269K | $48K | $52K |
| Other fees for servicesLn 11g | $19K | $19K | ||
| Office expensesLn 13 | $52K | $29K | $14K | $9K |
| OccupancyLn 16 | $166K | $158K | $4K | $4K |
| TravelLn 17 | $13K | $9K | $4K | |
| InterestLn 20 | $3K | $3K | ||
| Depreciation, depletion and amortizationLn 22 | $21K | $17K | $2K | $2K |
| InsuranceLn 23 | $11K | $6K | $4K | $1K |
| Other expenses (24a–d)Ln 24 | $408K | $258K | $72K | $78K |
| All other expensesLn 24e | $44K | $25K | $11K | $7K |
| Total functional expensesLn 25 | $2.9M | $2.1M | $388K | $401K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Nov 14, 2025 | $3.6M | $3.5M | $69K | $2.8M | 990 PDF |
| FY2023Filed with the IRS Nov 13, 2024 | $2.9M | $3.4M | −$465K | $2.8M | 990 PDF |
| FY2022 ViewingFiled with the IRS Nov 14, 2023 | $2.7M | $2.9M | −$262K | $3.0M | 990 PDF |
| FY2021Filed with the IRS Sep 29, 2022 | $2.9M | $2.2M | $659K | $3.2M | 990 PDF |
| FY2020Filed with the IRS Nov 15, 2021 | $3.6M | $2.7M | $949K | $2.6M | 990 PDF |
Schedules filed Part IV
See the full FY2022 990
Part I · Summary $2,657,913 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, no flags
Part VIII · Statement of revenue $2,657,913 across 9 lines filed
Part IX · Statement of functional expenses $2,919,986 across 12 lines filed
Part X · Balance sheet $3,910,500 assets, 18 lines filed
Part XI · Reconciliation of net assets $2,983,438 net assets at year end
Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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