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Venture Out Business Center Foundation Inc

  • Madison, IN
  • Tax-exempt since Jan. 1988
  • EIN: 31-1213590

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$196k (2023)

Expenses
$240k (2023)

Total Assets
$1.04M (2023)

Total Liabilities
$6.62k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$196,299
Expenses
$239,917
Net Income
-$43,618
Net Assets
$1,033,854
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $196,220
100.0%
Investment Income $79
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $77,253
32.2%
Assets/Debt
Total Assets $1,040,478
Total Liabilities $6,624
Net Assets $1,033,854
Compensation
Key Employees and Officers Compensation Related Other
Nancy Sobeck (Director) $0 $0 $0
Charlie Rohlfing (Director) $0 $0 $0
Robin Cull (Director) $0 $0 $0
Drew Garrett (Director) $0 $0 $0
Courtney Gullion Althoff (Director) $0 $0 $0
Devon Sharpe (President) $0 $0 $0
Andy Lytle (Vice President) $0 $0 $0
Tammy Boldery (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on July 30, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$168,111
Expenses
$259,099
Net Income
-$90,988
Net Assets
$1,077,472
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $168,065
100.0%
Investment Income $46
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $84,813
32.7%
Assets/Debt
Total Assets $1,084,340
Total Liabilities $6,868
Net Assets $1,077,472
Compensation
Key Employees and Officers Compensation Related Other
Nancy Sobeck (Director) $0 $0 $0
Charlie Rohlfing (Director) $0 $0 $0
Robin Cull (Director) $0 $0 $0
Drew Garrett (Director) $0 $0 $0
Courtney Gullion Althoff (Director) $0 $0 $0
Devon Sharpe (President) $0 $0 $0
Andy Lytle (Vice President) $0 $0 $0
Tammy Boldery (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on July 7, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$185,086
Expenses
$245,176
Net Income
-$60,090
Net Assets
$1,168,460
Notable Sources of Revenue Percent of Total Revenue
Contributions $100
0.1%
Program Services $190,692
> 100%
Investment Income $54
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$5,760
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $70,340
28.7%
Assets/Debt
Total Assets $1,176,148
Total Liabilities $7,688
Net Assets $1,168,460
Compensation
Key Employees and Officers Compensation Related Other
Jeff Lawson (Director) $0 $0 $0
Charlie Rohlfing (Director) $0 $0 $0
Nancy Sobeck (Director) $0 $0 $0
Robin Cull (Director) $0 $0 $0
Drew Garrett (Director) $0 $0 $0
Courtney Gullion (Director) $0 $0 $0
Kathy Smith (Director) $0 $0 $0
Devon Sharpe (President) $0 $0 $0
Andy Lytle (Vice President) $0 $0 $0
Tammy Boldery (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on June 27, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$186,090
Expenses
$218,236
Net Income
-$32,146
Net Assets
$1,228,550
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,400
2.9%
Program Services $169,035
90.8%
Investment Income $1,255
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,400
5.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $56,585
25.9%
Assets/Debt
Total Assets $1,249,962
Total Liabilities $21,412
Net Assets $1,228,550
Compensation
Key Employees and Officers Compensation Related Other
Jeff Lawson (Director) $0 $0 $0
Charlie Rohlfing (Director) $0 $0 $0
Drew Garrett (Director) $0 $0 $0
Nancy Sobeck (Director) $0 $0 $0
Kathy Smith (Director) $0 $0 $0
Courtney Gullion (Director) $0 $0 $0
Devon Sharpe (President) $0 $0 $0
Andy Lytle (Vice President) $0 $0 $0
Tammy Boldery (Treasurer) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 2, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$194,567
Expenses
$209,874
Net Income
-$15,307
Net Assets
$1,260,696
Notable Sources of Revenue Percent of Total Revenue
Contributions $15,600
8.0%
Program Services $177,891
91.4%
Investment Income $1,076
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $49,916
23.8%
Assets/Debt
Total Assets $1,267,074
Total Liabilities $6,378
Net Assets $1,260,696

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$162,002
Expenses
$223,411
Net Income
-$61,409
Net Assets
$1,276,003
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $161,961
100.0%
Investment Income $41
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $44,916
20.1%
Assets/Debt
Total Assets $1,283,698
Total Liabilities $7,695
Net Assets $1,276,003

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$165,685
Expenses
$191,864
Net Income
-$26,179
Net Assets
$1,337,412
Notable Sources of Revenue Percent of Total Revenue
Contributions $50
0.0%
Program Services $165,585
99.9%
Investment Income $50
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $42,537
22.2%
Assets/Debt
Total Assets $1,343,682
Total Liabilities $6,270
Net Assets $1,337,412

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$180,767
Expenses
$218,517
Net Income
-$37,750
Net Assets
$1,363,591
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $180,672
99.9%
Investment Income $95
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $39,139
17.9%
Assets/Debt
Total Assets $1,369,424
Total Liabilities $5,833
Net Assets $1,363,591

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$167,045
Expenses
$197,899
Net Income
-$30,854
Net Assets
$1,401,341
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $161,956
97.0%
Investment Income $402
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $4,687
2.8%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $38,402
19.4%
Assets/Debt
Total Assets $1,408,238
Total Liabilities $6,897
Net Assets $1,401,341

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$126,566
Expenses
$181,172
Net Income
-$54,606
Net Assets
$1,432,195
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $125,706
99.3%
Investment Income $860
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $38,379
21.2%
Assets/Debt
Total Assets $1,436,838
Total Liabilities $4,643
Net Assets $1,432,195

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$133,700
Expenses
$194,876
Net Income
-$61,176
Net Assets
$1,486,801
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $132,342
99.0%
Investment Income $1,358
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $38,086
19.5%
Assets/Debt
Total Assets $1,490,117
Total Liabilities $3,316
Net Assets $1,486,801

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$139,137
Expenses
$227,347
Net Income
-$88,210
Net Assets
$1,547,977
Notable Sources of Revenue Percent of Total Revenue
Contributions $225
0.2%
Program Services $136,871
98.4%
Investment Income $2,041
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $33,746
14.8%
Assets/Debt
Total Assets $1,595,861
Total Liabilities $47,884
Net Assets $1,547,977

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$217,479
Expenses
$240,142
Net Income
-$22,663
Net Assets
$1,636,187
Notable Sources of Revenue Percent of Total Revenue
Contributions $66,791
30.7%
Program Services $147,458
67.8%
Investment Income $3,230
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $35,480
14.8%
Assets/Debt
Total Assets $1,691,570
Total Liabilities $55,383
Net Assets $1,636,187

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated