Overview

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Est.

2011

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

Venture for America Inc is a nonprofit organization dedicated to economic development by revitalizing American cities through the mobilization of the next generation of entrepreneurs. With an operating budget of $6 million and total revenue of $5 million for the 2023 filing year, VFA runs a two-year fellowship program that recruits and trains recent college graduates, placing them in startups within emerging entrepreneurship ecosystems. The organization does not rely on a single funder for 50% or more of its revenue and provides ongoing support through training camps and an accelerator program for fellows launching their own businesses. More information can be found on their website at https://ventureforamerica.org/.

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.
Revenues
$5M
Expenses
$6.6M
Net Income:
-$1.6M
Assets
$2.5M
Liabilities
$2M
Net Assets:
+$559.6K
Operating Budget
$6M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
19
Median grant size
$40K
Largest grant received
$750K
E
Eric Somerville
Board Member
D
Dorie Smith
Board Member
J
James Feagin
Board Member

Frequently Asked Questions

What is VENTURE FOR AMERICA INC’s budget?
In 2023, VENTURE FOR AMERICA INC reported an annual operating budget of around $6 million. More detailed financial information is available to registered users.
What causes does VENTURE FOR AMERICA INC support?
VENTURE FOR AMERICA INC supports work in Economic development.
Where does VENTURE FOR AMERICA INC operate?
VENTURE FOR AMERICA INC is headquartered in DETROIT, MI.
Who funded VENTURE FOR AMERICA INC recently?
In 2025, VENTURE FOR AMERICA INC received grants from CHARITIES AID FOUNDATION AMERICA, THE GILBERT FAMILY FOUNDATION, and WILLIAM DAVIDSON FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant VENTURE FOR AMERICA INC received in 2024?
The largest grant to VENTURE FOR AMERICA INC in 2024 exceeds $750 thousand.