COMMUNITY VENTURES CORPORATION Charity Report

Public IRS 990 nonprofit record

COMMUNITY VENTURES CORPORATION

EIN 31-1064807 · Community Improvement & Capacity Building (S99Z)

What they do

COMMUNITY VENTURES CORPORATION, INC.S (CVC) CENTRAL MISSION is to PROVIDE INDIVIDUALS and FAMILIES WITH THE SKILLS, INCOME, and ASSETS THEY NEED to ACHIEVE FINANCIAL INDEPENDENCE. CVC HELPS PEOPLE INCREASE INCOME and BUILD ASSETS WITH THREE MAIN STRATEGIES: SMALL BUSINESS OWNERSHIP, HOME OWNERSHIP, and JOB CREATION THROUGH BUSINESS EXPANSION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $82.80 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 leaders33 people are listed in the latest report.

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

Money made simple

104.09%of revenue went to mission work82.8% of expenses · Program services

3.92%of revenue went to fundraising3.1% of expenses

$125.76spent for every $100 of revenueSpending was higher than revenue this year.

17.74%of revenue went to management and office costs14.1% of expenses

$6.68in assets for every $1 spent this yearSome assets cannot be spent right away.

41.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

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

Worth asking: Expenses exceeded revenue by $3,076,198 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $286,792 for KEVIN SMITH (PRESIDENT & CEO). 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.

$100revenue

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$11,943,588

Mission workProgram services$12,432,102104.09% of revenue82.8% of expenses

ManagementOffice and general costs$2,119,02417.74% of revenue14.1% of expenses

FundraisingAsking for donations$468,6603.92% of revenue3.1% of expenses

Total expenses$15,019,786125.76% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 82.8% mission · 14.1% management · 3.1% fundraisingTotal expenses: 125.76% of revenue

2023Expense mix: 88.2% mission · 9.2% management · 2.6% fundraisingTotal expenses: 95.09% of revenue

2022Expense mix: 81.8% mission · 14.7% management · 3.5% fundraisingTotal expenses: 94.82% of revenue

2021Expense mix: 83.0% mission · 13.5% management · 3.5% fundraisingTotal expenses: 84.46% of revenue

2020Expense mix: 79.1% mission · 18.3% management · 2.6% fundraisingTotal expenses: 75.29% of revenue

2019Expense mix: 88.2% mission · 10.1% management · 1.7% fundraisingTotal expenses: 127.11% of revenue

2018Expense mix: 80.6% mission · 16.3% management · 3.0% fundraisingTotal expenses: 93.89% of revenue

2017Expense mix: 73.3% mission · 23.2% management · 3.5% fundraisingTotal expenses: 87.68% of revenue

Money in and money out

Revenue$11,943,588

Expenses$15,019,786

Annual shortfall $3,076,198 Expenses were higher than revenue 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)$12,432,102 · 82.8% of expenses

Management and office costs$2,119,024 · 14.1% of expenses

Fundraising$468,660 · 3.1% of expenses

See all reported dollar amounts

Revenue$11,943,588

Expenses$15,019,786

Assets$100,313,664

Income$12,766,663

Contributions$4,996,634

Mission work (program services)$12,432,102

Fundraising$468,660

Grants given$9,634,932

Average grant$1,926,986

Management and general$2,119,024

Executive compensation (total)$1,598,736

Accounting fees$63,256

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

KEVIN SMITHPRESIDENT & CEO · 40 hrs/week $286,792Base $245,371 · Other $41,421

MILTON SHARPPRESIDENT - EHOME · 40 hrs/week $183,951Base $164,255 · Other $19,696

BRENDA WEAVERPRESIDENT DISASTER RECOVERY · 40 hrs/week $180,406Base $164,151 · Other $16,255

SHANE DARRISAWPRESIDENT MPACT PRO · 40 hrs/week $171,463Base $135,755 · Other $35,708

WILEY FAWCFO · 40 hrs/week $167,139Base $132,055 · Other $35,084

SHIRIE HAWKINSPRES EVERYTHING EQUITY · 40 hrs/week $154,143Base $130,555 · Other $23,588

BRIAN HUTCHINSONCHIEF DEV. OFFICER · 40 hrs/week $153,005Base $136,655 · Other $16,350

DANIEL HEFFERNANPRESIDENT NMTC · 40 hrs/week $144,419Base $125,755 · Other $18,664

PHILLIP CAVECONTROLLER · 40 hrs/week $141,441Base $104,702 · Other $36,739

MICHAEL BERRYMANVP E HOME · 40 hrs/week $135,015Base $112,865 · Other $22,150

ROBERT BURNSCHIEF DATA OFFICER · 40 hrs/week $123,276Base $86,546 · Other $36,730

KRISTA BUCKELDIRECTOR BRAND STRATEGY · 40 hrs/week $120,469Base $105,895 · Other $14,574

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 (33)

KEVIN SMITHPRESIDENT & CEO

MILTON SHARPPRESIDENT - EHOME

BRENDA WEAVERPRESIDENT DISASTER RECOVERY

SHANE DARRISAWPRESIDENT MPACT PRO

WILEY FAWCFO

SHIRIE HAWKINSPRES EVERYTHING EQUITY

BRIAN HUTCHINSONCHIEF DEV. OFFICER

DANIEL HEFFERNANPRESIDENT NMTC

PHILLIP CAVECONTROLLER

MICHAEL BERRYMANVP E HOME

ROBERT BURNSCHIEF DATA OFFICER

KRISTA BUCKELDIRECTOR BRAND STRATEGY

OTIS SINGLETONDIRECTOR OF FINANCE

MARITA WILLISPRES. COMMUNITY ENGAGEMENT

THOMAS MURROPRESIDENT CHEF SPACE

LYNN LITTRELSENIOR VP COMMERIAL LENDIN

JEFF POEPRESIDENT HOUSING

VICTORIA BENSONPRES MSTRD SEED HILL

MARK JOHNSONPRESIDENT OF ART INC

LORRAIN SMOOTDIRECTOR

REVEREND FRED MITCHELLSECRETARY

ROBERT HENRYDIRECTOR

RAYMOND DANIELSDIRECTOR

ARTHUR SALOMONDIRECTOR

LARRY JOHNSONDIRECTOR

JOJUANA LEAVELL-GREENEVICE CHAIRWOMAN

JOHN WATZCHAIRMAN

JOHN DOUGLASDIRECTOR

JERRY JOHNSTONDIRECTOR

JEFF KOONCEDIRECTOR

DEBORAH WILLIAMSDIRECTOR

CHARLES DUKEDIRECTOR

ARTIE FORDDIRECTOR

About this charity

Recognized since: January 1983
Location: 1450 N BROADWAY, LEXINGTON, KY 405053162
County: Fayette
In care of: KEVIN SMITH
Primary officer: KEVIN SMITH, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailreception@cvky.org Phone(859) 231-0054

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: BREEDING HENDERSON & HORD PLLC
NTEE classification: Community Improvement & Capacity Building (S99Z)
IRS tax category: Civic and Social Organizations
Grant-giving organization: Yes