Overview

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Est.

1978

Fiscal Year Start

Jul 1

Organization Type

Grantseeker

AI Summary

New Ventures Inc, established in 1971, is a nonprofit organization focused on vocational rehabilitation in Troup County, Georgia. With an operating budget of $3.9 million and total revenue of $3.4 million, the organization provides essential job training and support services to individuals facing various barriers to employment, including developmental disabilities, homelessness, and lack of education. New Ventures Inc does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to sustain its programs.

Mission Statement

FOUNDED IN 1971, NEW VENTURES, INC. HAS BEEN SERVING TROUP COUNTY FOR 50 YEARS INITIALLY SERVING AS A SHELTERED WORKSHOP FOR THE WEST GEORGIA AREA, WE PROVIDED WORK PROGRAMS AND LEISURE ACTIVITIES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES. IN RESPONSE TO COMMUNITY NEEDS, OUR PROGRAMS EXPANDED TO INCLUDE WORK EVALUATION, WORK ADJUSTMENT, SHELTERED EMPLOYMENT, AND JOB PLACEMENT. MANY YEARS LATER, THE JOB TRAINING PROGRAM EXPANDED AGAIN TO SERVE INDIVIDUALS WITH OTHER BARRIERS TO EMPLOYMENT. OTHER BARRIERS TO EMPLOYMENT MAY INCLUDE, BUT ARE NOT LIMITED TO, HOMELESSNESS, LACK OF EDUCATION, LACK OF WORK EXPERIENCE, LACK OF TRANSPORTATION, CRIMINAL HISTORY, ETC. THE EXPANSION IN SERVICES LED TO THE ESTABLISHMENT OF OUR MISSION, NEW VENTURES, INC. IS A TRAINING COMPANY THAT TEACHES NECESSARY SKILLS FOR SUCCESSFUL EMPLOYMENT.
Revenues
$3.4M
Expenses
$3.9M
Net Income:
-$471.1K
Assets
$4.6M
Liabilities
$386.7K
Net Assets:
+$4.2M
Operating Budget
$3.9M
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
1
Median grant size
$120K
Largest grant received
$120K
M
Mike Wilson
Board Member
M
Mike Angstadt
Board Member
G
Gail Stanford
Board Member

Frequently Asked Questions

What is NEW VENTURES INC’s budget?
In 2024, NEW VENTURES INC reported an annual operating budget of around $3.9 million. More detailed financial information is available to registered users.
What causes does NEW VENTURES INC support?
NEW VENTURES INC supports work in Vocational rehabilitation.
Where does NEW VENTURES INC operate?
NEW VENTURES INC is headquartered in LAGRANGE, GA.
Who funded NEW VENTURES INC recently?
In 2025, NEW VENTURES INC received grants from THE WARDLAW FAMILY FOUNDATION INC, NEW VENTURES ENTERPRISES INC, and NEW VENTURES ENTERPRISES INC. More information on this organization’s funders is available to registered users.
What is the largest grant NEW VENTURES INC received in 2024?
The largest grant to NEW VENTURES INC in 2024 exceeds $120 thousand.
What is NEW VENTURES INC’s reliance on government grants?
NEW VENTURES INC relied on government grants for less than 5% of their total revenue in 2024.