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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Venture for America Inc.

Venture for America Inc.

Fiscal year ending 2023. Filed on November 15, 2024.

1420 Washington Blvd 301
Detroit, Michigan 48226

Venture for America Inc. (EIN: 27-2987904) has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2023 IRS Form 990 filing, Venture for America Inc., a 501(c)(3) charitable organization, reported compensation for 7 out of 57 total employees. Among the employees shown here, the average compensation is $162,546. The highest compensated employee at Venture for America Inc. is Eric Somerville with fiscal year 2023 compensation of $271,631.

Revenue, expenses, and employee compensation

Revenue

$5,007,019

Expenses

$6,575,397

Employee compensation

$4,408,428
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Eric Somerville
Chief Executive Officer
$271,631
$250,000 No related comp$21,631
Elizabeth Park
Employee
$194,918
$171,000 No related comp$23,918
Carrie Murphy
Employee
$166,105
$141,000 No related comp$25,105
Colleen Jui Lian Wong
Employee
$138,002
$125,000 No related comp$13,002
Mary Wright
Employee
$127,025
$127,000 No related comp$25
Keenan Covington
Employee
$125,114
$115,000 No related comp$10,114
Tyler Michael Orginski
Employee
$115,025
$115,000 No related comp$25

Benchmark Employee Compensation

Non-Employee Board Members

Christian Anthony
Former Director
Dorie Smith
Chair
Eric Felder
Former Director
Gigi Lee Chang
Director
James Feagin
Director
Jaret Davis
Former Director
Jay Bockhaus
Treasurer
Jennifer Gabrielli
Former Director
Karl Muth
Director
Kim Kolt
Director
Marcy Engel
Former Director
Matt Haggman
Former Director

Mission Statement

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.

Revisions to this organization profile

November 15, 2024:
2023 Venture for America Inc. 990 filed
October 4, 2023:
2022 Venture for America Inc. 990 filed
March 19, 2023:
Amended (originally filed May 17, 2021)2020 Venture for America Inc. 990 filed

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