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DEFY VENTURES INC

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Public IRS 990 nonprofit record

DEFY VENTURES INC

EIN 27-3611908 · Educational Services (B90)

What they do

DEFY VENTURES MISSION is to SHIFT MINDSETS to GIVE PEOPLE WITH CRIMINAL HISTORIES THEIR BEST SHOT AT A SECOND CHANCE BY PROVIDING THEM WITH PERSONAL DEVELOPMENT, CAREER READINESS, and ENTREPRENEURSHIP TRAINING. DEFYS VISION is to CUT THE RECIDIVISM RATE IN HALF BY LEVERAGING ENTREPRENEURSHIP to INCREASE ECONOMIC OPPORTUNITY and TRANSFORM LIVES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $79.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

74.37%of revenue went to mission work79.8% of expenses · Program services
7.59%of revenue went to fundraising8.1% of expenses
$93.21spent for every $100 of revenueRevenue covered expenses this year.
11.25%of revenue went to management and office costs12.1% of expenses
$0.92in assets for every $1 spent this yearSome assets cannot be spent right away.
95.9%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $174,535 for JOHN GAROFOLO (CFO (THROUGH 12/24)). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$4,627,815
Mission workProgram services$3,441,52674.37% of revenue79.8% of expenses
ManagementOffice and general costs$520,56711.25% of revenue12.1% of expenses
FundraisingAsking for donations$351,4117.59% of revenue8.1% of expenses
Revenue left after expensesReported annual surplus$314,3116.79% of revenueShown in gray on the chart
Total expenses$4,313,50493.21% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails
2024CurrentExpense mix: 79.8% mission · 12.1% management · 8.1% fundraisingTotal expenses: 93.21% of revenue
2023Expense mix: 77.8% mission · 14.6% management · 7.6% fundraisingTotal expenses: 95.24% of revenue
2022Expense mix: 78.8% mission · 13.0% management · 8.2% fundraisingTotal expenses: 89.10% of revenue
2021Expense mix: 75.0% mission · 16.2% management · 8.8% fundraisingTotal expenses: 72.36% of revenue
2020Expense mix: 75.0% mission · 16.0% management · 9.0% fundraisingTotal expenses: 70.66% of revenue
2019Expense mix: 74.7% mission · 15.8% management · 9.5% fundraisingTotal expenses: 89.15% of revenue
2018Expense mix: 70.1% mission · 21.2% management · 8.7% fundraisingTotal expenses: 120.85% of revenue
2017Expense mix: 81.2% mission · 7.0% management · 11.8% fundraisingTotal expenses: 108.67% of revenue

Money in and money out

Revenue$4,627,815
Expenses$4,313,504
Annual surplus $314,311 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,441,526 · 79.8% of expenses
Management and office costs$520,567 · 12.1% of expenses
Fundraising$351,411 · 8.1% of expenses
See all reported dollar amounts
Revenue$4,627,815
Expenses$4,313,504
Assets$3,953,203
Income$4,627,815
Contributions$4,437,541
Mission work (program services)$3,441,526
Fundraising$351,411
Grants given$12,000
Average grant$12,000
Management and general$520,567
Executive compensation (total)$240,820
Accounting fees$45,104
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
JOHN GAROFOLOCFO (THROUGH 12/24) · 50 hrs/week $174,535Base $154,251 · Other $20,284
ANDREW GLAZIERPRESIDENT & CEO · 50 hrs/week $149,707Base $123,121 · Other $26,586
JULIE JACKSON-FORSBERGVP, LEARNING · 50 hrs/week $143,432Base $117,245 · Other $26,187
YEHUDAH PRYCESR. PROGRAM DIRECTOR, NMHP · 50 hrs/week $143,252Base $110,918 · Other $32,334
CHRISTINE CASTILLOVP, PROGRAMS · 50 hrs/week $132,116Base $124,682 · Other $7,434
QUAN HUYNHED, SOUTHERN CALIFORNIA · 50 hrs/week $130,836Base $121,531 · Other $9,305
MARIAH DICKINSONVP SITE OPERATIONS · 50 hrs/week $129,654Base $115,052 · Other $14,602
AMITA PARIKHDR. OF FIN. & ADMIN. (AS OF 12/24) · 50 hrs/week $7,788

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

JOHN GAROFOLOCFO (THROUGH 12/24)

ANDREW GLAZIERPRESIDENT & CEO

JULIE JACKSON-FORSBERGVP, LEARNING

YEHUDAH PRYCESR. PROGRAM DIRECTOR, NMHP

CHRISTINE CASTILLOVP, PROGRAMS

QUAN HUYNHED, SOUTHERN CALIFORNIA

MARIAH DICKINSONVP SITE OPERATIONS

AMITA PARIKHDR. OF FIN. & ADMIN. (AS OF 12/24)

JONATHAN NEILDIRECTOR

SONIA KAHLONDIRECTOR

PRAVEEN SESHADRIDIRECTOR (AS OF 6/24)

NICOLE MILLERDIRECTOR

MARCUS GLOVERDIRECTOR

KERRY BENNETTSECRETARY

APRIL TAM SMITHDIRECTOR

JOHN DVORDIRECTOR

JENNIFER LOTITODIRECTOR (AS OF 9/24)

DAVID SPROTTDIRECTOR

COSS MARTEDIRECTOR

COLE RICHMANDIRECTOR

BRIAN KORBCHAIRMAN

ARIEL JADUSZLIWERTREASURER

About this charity

Recognized since
January 2010
Location
3580 WILSHIRE BLVD STE 1705, LOS ANGELES, CA 90010-2518
County
New York
In care of
AMITA PARIKH
Primary officer
AMITA PARIKH, DIRECTOR OF FINANCE & ADMIN

How to reach them

WebsiteVisit the charity’s website Phone(213) 232-1122

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
CLIFTONLARSONALLEN LLP
NTEE classification
Educational Services (B90)
IRS tax category
Educational Services
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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