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2017 ANNUAL REPORT


FEATURES 8

12

16

19

One of God's Favorite Churches

Learn how Venture partnered with Lighthouse Foundation Nepal to build a church that hosts 1,200 people on Sundays for worship and also serves as a safe home for 240 girls.

Q&A With Susan Badi

Read a candid interview with Susan Badi, a young woman who is becoming a voice for girls who suffer from forceful sexual abuse in Nepal.

Race to 1 Million

Venture has a bold vision to log one million miles by the end of 2020 to help as many people as possible. Learn how you can be involved.

10 Years Later

What started on a tour has become a life calling. Read about Brian Elliott's journey, from cycling across America with Venture, to serving as a missionary in Thailand with his family.

DON'T MISS 11

Impact at a Glance

14

Our Model

21

Thailand Programs

22

Financials


We do tough things. We run, hike, bike, walk, sacrificially give and pray for others.

We help people in tough places. We serve in the least reached and least resourced areas through projects that bring stability and sustainability.

We partner with other nonprofits, national leaders, and churches. We believe the cause is greater than any one organization, including ours.

Cover and Table of Contents photo by Isaiah Rustad.

100% of all public donations go to the programs. We partner with businesses and individuals to cover all administrative costs, so all public donations go to programs.

All in response to the Gospel. The Gospel teaches that Jesus entered into our suffering, and invites us to do the same for others. Everything we do is a grateful, sacrificial response to Jesus.


YOUR NEXT COURAGEOUS STEP A Letter from the President

A question we often ask at Venture is, “what would Jesus look like as an organization?” Or, “what would it look like to put Jesus at the center?” We recently applied these questions when deciding our priorities for the year. At the top of our goals this year: to know Christ.

Ryan Skoog President

“This year there are exciting steps ahead, but we must leave the boat of security and comfort... What is your next courageous step closer to Jesus? Let's take it together.”

How do we know Christ more? It's like walking on water. You just keep taking the next courageous step in front of you – one step further from the boat of security and comfort, and one step of courage and faith closer to Jesus. This past year our entire Venture community took some courageous steps, and found more of Jesus in the process. We found Christ: • • • •

In a village in Nepal where former traffickers become pastors. In situations where girls are rescued from becoming slaves. In sharing the great news of God's love with people in remote areas where people had never heard the name of Jesus. In a refugee camp where former soldiers are helping the very people groups they once persecuted.

We found Christ on the road of sacrifice, where thousands of people across the United States put in miles, hours of prayer, steps (and some leaps) of sacrificial generosity. This year there are exciting steps ahead. Our next steps include: • • • •

Establishing new work in a country where Christianity is punishable by law. Launching Venture Miles, our new fundraising platform, after four years of intense work. Starting new education and discipleship initiatives for refugees. Responding to the greatest refugee crises on the planet.

These are our next courageous steps to draw closer to Jesus in 2018 and continue the work He's started in our community. What is your next courageous step closer to Jesus? Let's take it together.

4

// LETTER FROM THE PRESIDENT


WITNESS TO VENTURE'S GROWTH & TRANSFORMATION A Letter from the Board

I have been a member of the Venture community for six years, participating in three rides, and joining the Board of Directors in 2013. From this vantage point, I have witnessed a remarkable growth story. Since 2012, Venture has tripled in size: in 2017, Venture invested $3.8 million of your contributions, improving the lives of tens of thousands of people through overseas programs and partnerships. Moreover, this growth has not altered Venture’s commitment to fund administration through private donations, so that all public donations flow to program costs.

Kristen Willard, Ph.D. Board Member

“The need, now, is for existing Venture community members to take stock... and commit to taking purposeful action to expand the Venture community, for the glory of God and His kingdom.”

Today, Venture stands on the brink of a new era with the launch of the Venture Miles platform. By harnessing technology to reach a generation looking to actively engage with their faith, their community, and the hurting world, the Venture Miles platform should multiply the Venture community, accelerating growth. And, exit surveys show that people who engage with Venture’s discipleship programs are not just touched, but transformed. The credit for that transformation belongs to Christ alone, and the ongoing commitment of Venture to submit to the leading of the Holy Spirit. In 2018, the Board will finish a multi-year process of re-writing Venture’s governance documents, affirming Venture’s belief in the Nicene Creed and adherence to the Lausanne Covenant. Most specifically, we believe, “When people receive Christ they are born again into His kingdom and must seek not only to exhibit but also to spread its righteousness in the midst of an unrighteous world.” Venture is working with its partners to help communities previously defined by their victimization and economic dependence move toward economic independence and finding identity in Christ. As a member of the International Projects Committee, I regularly travel to meet current and potential partners. I am pleased to report that our partners, empowered by the Spirit and enabled by your donations, are pressing forward to nurture disadvantaged children into future Christian community leaders. One example are plans to provide literacy and leadership training to Burmese refugees; these programs will equip a new generation who will in turn transform a nation (or perhaps two). The need, now, is for existing Venture community members to take stock: appreciate what Venture has been able to achieve for the kingdom, in the US and abroad; embrace the possibility for technology to multiply that effect; and commit to taking purposeful action to expand the Venture community, for the glory of God and His kingdom.

LETTER FROM THE BOARD //

5


TOUGH WE DO...

THINGS

We believe sacriďŹ ce is an active response to the Gospel. For some, this means running a single mile, for others biking thousands; or for others, donating their time or money.

JOIN US. Do something epic this year.

VENTURE.ORG


Photo by Matt Lien. Left page phot by Artisan Image Photography.

TOUGH WE SERVE IN...

PLACES

We serve in the least reached and least resourced places where fewer than 2% of people know Jesus – many of whom are victims of trafficking, child soldiers, or refugees.

DONATE. Do something epic this year.

VENTURE.ORG


ONE OF GOD'S FAVORITE CHURCH BUILDINGS “It has got to be one of God’s favorite church buildings on the planet.” This is how Ryan Skoog, President of Venture, talks about the new project that Venture helped fund in Nepal.

Respond Everything we do is a response to the Gospel. The Gospel compels us to care for the poor and the oppressed, the

“In Badi villages we've visited, 70% of the children will be trafficked.”

This four-story building is not only a church in the heart of Kathmandu where 1,200 Nepali people worship every week, but also the new home to 240 young women who have been rescued from, or who are vulnerable to, trafficking. Rescue, rehabilitation, and redemption are available in one blue structure in the largest city in Nepal. This building represents Venture’s commitment to respond to the world’s greatest needs, to partner with local Christian leaders who are making a difference, and together plan for sustainable community change.

8

maximum kingdom impact. In Nepal, a religious and cultural caste system divides society into 125 castes. At the bottom of this caste system are the Badi people. The Badi people are raised to believe that they are the lowest of the low. They are treated by the entire population with more degradation and hostility than a street dog. The Badi are referred to as the “trafficked people.” In Badi villages we’ve visited that have not received the Gospel, 70% of the children will be trafficked. We are called to respond to the needs of these children.

marginalized and vulnerable. It also calls us to adjust our lives, moving from a place of comfort, to less comfortable, in a manner that benefits others and reveals the full measure of the Gospel. Driven by this Gospel compulsion, we seek situations where our response has

// ONE OF GOD'S FAVORITE CHURCH BUILDINGS

Partner We are not the heroes, the experts, or the great hope. But, we know we need to help. We do so in partnership with local organizations, churches, and individuals, who are leading the way


Story photos by Aaron Smith.

in responding to the needs of these children. One of our closest and dearest partners is Lighthouse Foundation Nepal (LHFN), a Christian organization with a passion to uplift the lowest caste children of Nepal. LHFN currently provides safe homes and discipleship to over 640 boys and girls. Their Christian school educates 1,037 children in Nepal. LHFN’s

sister organization, Hosanna Church Ministries, planted 43 churches and is currently training more church planters. Throughout the duration of our partnership, we have witnessed firsthand the powerful transformation that occurs when a girl, destined to a life of sexual exploitation, instead enters into a life where she is protected and nourished. The most transformational

NEPAL IMPACT

In Partnership With LHFN We Celebrate:

640

Vulnerable Children Living in Safe Houses

1,037

Students Receiving Christian Education

43

New Churches Planted

2017 ANNUAL REPORT //

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“It's in the toughest places that the full Gospel is most fully revealed.”

stories always include an personal encounter with Jesus. His teaching redefines their entire world-view, and tells them that they are not the least, but rather beloved sons and daughters of the King.

Strategize These stories of transformation do not happen in a vacuum. They begin with our response to the Gospel. They are cultivated through partnerships with local heroes, and are sustained through strategic planning and innovation. The ongoing work of fighting the injustice of trafficking, is just that – an ongoing work, and a fight. The fight does not end with the rescue of a vulnerable child, or even that child's education and discipleship. The goal is to transform communities and cultures, to introduce the Gospel in a way that impacts the moral, economic, and power structures of a region. While our partners educate and disciple kids, we are also developing economic solutions to sustain the work through finance and micro-finance.

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// ONE OF GOD'S FAVORITE CHURCH BUILDINGS

We are working to build strategic relationships with key government figures to influence the way the lawmakers are protecting their children. Ultimately we seek to eradicate oppressive social structures and laws that do not reflect the God-given dignity of each child and the community. And that brings us back to “one of God’s favorite church buildings.” On the Sunday when they held their first large church service, our team was able to worship with vulnerable people being transformed by the Gospel. One of our Advisory Board Members, Terry Boynton, shared an incredible message of prioritizing Christ’s plan over any current pain we experience, then we will see the fruit of His kingdom on the other side of this season. This is our passion: no matter how difficult, how dark, how unjust, how painful, how desperate – no matter how tough the situation seems, that we as a community would respond with the love of Christ. Sometimes it’s in the toughest places that the full Gospel is most fully revealed.


30,350 Lives Impacted in 2017*

International Program Highlights*

Rescue

Education

Food Security

Farming

Discipleship

948

1,417

15,000

116

10,000

Vulnerable Children Intercepted**

Receiving Education

Children Fed Each Day

Animals Provided

Akha Bibles Delivered

Focus Areas*** Thailand

Myanmar

Nepal *Includes both direct and indirect impact through Venture partners, programs and projects in the USA and internationally. **Vulnerable children include girls and boys rescued from, and vulnerable to, traďŹƒcking. ***Venture also serves areas not mentioned on this page.

2017 IMPACT AT A GLANCE //

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SUSAN'S STORY Q: Where are you from, and

where do you live now?

you?

A:

A:

I am from Rukum, where the Badi people still sell their body and live in a cave. I currently live safely in Kathmandu at a LHFN hostel.

Q: What is it like to be a Badi

girl?

A:

Badi communities still have a stigma of prostitution. We suffer in silence. As a Badi girl, I have felt humiliated and valueless because of the way our society has treated me. I thought it was my fate, and the system was created by God. After coming to know Jesus, my perception of myself was changed.

Q: What challenges have you

faced in life?

A:

I have faced several kinds of challenges in my life. Being a poor Badi girl, my parents were not able to pay my school fee, and I had to stay outside the class. I listened from the window to learn. While I was growing up in the village, people were using us as their commodity. This made me frustrated and the humiliation that grew was indescribable. The treatment of people in the community and the school made me feel that I am not human, but a sexual toy.

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Q: How has LHFN helped

// Q&A WITH SUSAN BADI

LHFN helped me to become who I am today, overcoming the injustice in my life. LHFN taught me that I have value, and I am equal to others. LHFN showed me I have dignity and hope. LHFN helped me travel internationally so I could pursue my dream to become the first Badi girl journalist in the history of Nepal. If LHFN did not bring me to the shelter and help me, I'd end up selling my body somewhere in a brothel.

Q: Who supports you,

and why is their support important?

A:

I had faced many bitter truths at my young age. It was only a dream for me to receive a quality education when I was with my parents due to poverty. I always wanted to study and I got the chance because someone sponsored me.

Q: Why have you chosen to

study journalism?

A:

The main reason for choosing journalism is to be a voice for the voiceless. The Badi voice has been suppressed for 300 years. The people who have been using their pen are elite. Our stories that have come to the market are twisted. Through

Susan Badi, age 19, found refuge at Lighthouse Foundation Nepal (LHFN) for the past 10 years, escaping her village where she would be sexually exploited.

journalism I want to let people know that Badi girls are capable of doing anything.

Q:

What is important about journalism?

A:

In our country journalism is a powerful tool and has been controlled by the elite. Only limited people have access to it. Journalism is a bridge for me to climb. Soon I am going to learn television news, and through this I can influence the majority of people in our society.

Q: What is your vision for 10

years from now?

A:

My main vision is to help eradicate the social stigma of Badi people through writing. I want to help further the vision of LHFN and stand together with Uncle Raju. I want more Badi people to experience lasting change. There are huge numbers of Badi girls suffering from forceful sexual abuse. I want to represent their voice and help them as much as I can. I want to give them hope that there are other options in life.


There are huge numbers of Badi girls suffering from forceful sexual abuse, and I want to be their voice.

Photo of Susan Badi in Kathmandu, Nepal in 2018. Photo by Aaron Smith.

2017 ANNUAL REPORT //

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BRIDGE TO A BE

OUR MODEL: Venture partners with local leaders to bu

become Christian leaders who are impa

VULNERABLE CHILDREN 1

2

STABILIZE

STRUCTURE

Food/Water Safety Education Gospel

Farms Safe-houses Schools Churches


ETTER FUTURE

uild a bridge that helps children in vulnerable situations acting current and future communities.

3

4

SUPPORT

LEAVE

Business Micro-ďŹ nance Leadership Training

Have an Exit Strategy that Reduces Dependency

Photo by Aaron Smith.

CHRISTIAN LEADERS


“EVERY MILE MATTERS, BECAUSE EVERY MILE IMPACTS PEOPLE WHO MATTER.” – Paul Hurckman

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// RACE TO 1 MILLION


“Every mile matters, because every mile impacts people who matter,” says Paul Hurckman, Executive Director of Venture, as he shares Venture's vision to log 1,000,000 miles in the next 2 years to help people in tough situations. The Vision is Bold By the end of 2020 the Venture community is setting out to complete in 15 months what took 15 years to accomplish through a campaign called The Race to 1,000,000. The million miles logged in the past 15 years inspired over $16 million in missions and biblical justice work, while impacting more than 120,000 people through Venture partners and programs. The new Venture Miles app will be the driving force behind this audacious goal. The app will allow anyone, anywhere, to log miles and raise funds for causes they care about. They will see the realtime impact of how those miles are changing lives. The app will allow more people to raise money for more causes, which will exponentially increase the amount of people impacted for the kingdom.

Impact Through Partnership

Photo courtesy of Venture Tour Dept.

“I love the spirit and potential of the app (Venture Miles) – extremely well designed and thought out. This is

gonna be big,” Says Matthew Williams, Director of Exile International. Venture is excited about the opportunity to continue to work with more like-minded ministries and nonprofits. Venture has partnered with International Justice Mission, American Bible Society, Convoy of Hope, Feed My Starving Children, and Love Does through its tours and campaigns. In addition to raising funds for its own projects through The Race to 1,000,000, Venture will partner with even more organizations like these to impact a greater number of people. “The Race to 1,000,000 is a multi-organization, multicause, multi-location, united effort to log one million miles as fast as possible to exponentially increase the impact in the most desperate situations with the full gospel of Christ,” says Hurckman.

New Tours and Local Campaigns The Race to 1,000,000 will include all of the miles logged through Venture Tours and Local Campaigns as well. Jeremy Collier, Tour Manager says, “My goal is for our tour participants to log over 250,000 miles in the next two tour seasons through our running, cycling and hiking tours." Looking ahead, our 2019 tours bring a fresh new excitement in which to log miles by hiking the John Muir trail, running through Colorado, or cycling across America. Our local campaigns are the fastest growing area in Venture, where we

CHOOSE A CAUSE

LOG MILES EASILY

RAISE FUNDS PER MILE

SEE YOUR IMPACT 2017 ANNUAL REPORT //

17


2017

Photo courtesy of 30 for Freedom.

MILES HIGHLIGHTS

62,061 Total Miles Logged

2,949 Participants in Tours & Local Campaigns

TOURS Washington Run Pacific Northwest Epic West Love Does California Mentoring Project

LOCAL CAMPAIGNS 18

// RACE TO 1 MILLION

are logging more miles than ever. Campaigns like 30 for Freedom and Lizzystrong, continue to engage thousands every year. We anticipate continued growth in this area as we invite more individuals than ever to participate throughout the year, through new challenges and chapters.

The Time is Now With passionate urgency we will race to one million miles, fueled by the commitment to serve those in need of hope, education, food, safety, rescue, and ultimately, the Gospel. “There are lives in the balance,” says Ryan Skoog, President of Venture. “We have more opportunities than ever before to help vulnerable children, to feed refugees and orphans, and to share the Gospel in restricted areas.” Look for opportunities this fall to #makeyourmilesmatter on a crosscountry tour, in a local campaign or newly formed chapter, or with a partner organization. Every mile matters because they impact lives that matter.


10 LATER

YEARS

What Started on a Tour Has Become a Life Calling “Fresh out of college God led me to ride across America with Venture. It was hard, hot, and painful. Eat, bike, sleep, repeat – mixed in with sharing about Jesus, raising funds for wells in Africa, and learning how to live and work as a team. I loved every minute of it!” Brian Elliott says as he reflects on his first trip. “Venture has been a big part of my life ever since.” Little did Brian know that his journey across America with Venture in 2009 would lead him to become a missionary in Thailand years later where he champions the Gospel through his love for endurance sports and healthy living.

Photo by Rob Darby.

Brian’s Journey to Thailand Brian’s path to Thailand had many turns. After participating in the 2009 Venture Ride:Well Tour, he participated in a second Venture tour, biking around Turkey to raise 2017 ANNUAL REPORT //

19


funds for an education initiative in Istanbul. Then he ran across the state of Minnesota to help girls in China vulnerable to trafficking. This became the first ever Venture running tour. These trips grew his love for Venture and prepared him for his next trip with Venture to Thailand.

need for God. The people there were searching for peace and happiness and didn’t know where to look. They were praying to idols and spirits – looking in all the wrong places for love and hope. I just wanted to share Jesus with them.”

Brian visited Thailand on a short-term trip with Venture in December of 2010 and fell in love with the people and the

Brian returned to Thailand in December of 2011, as a full-time missionary. He taught in the local schools and served

Becoming a Missionary

THE PEOPLE HERE WERE SEARCHING FOR PEACE AND HAPPINESS AND DIDN’T KNOW WHERE TO LOOK... I JUST WANTED TO SHARE JESUS WITH THEM. – Brian Elliott

culture. He spent time along the border of Myanmar where Venture works with local Christian leaders caring for orphans – many who live in refugee villages. Brian also served at Venture’s Hosea Center in a rural community near Chiang Mai where children age 5 to 16 participate in education and discipleship programs. “The children at the Center made a huge impression on me,” Brian says. “While I was in Thailand I saw a huge

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// 10 YEARS LATER

at the Venture Hosea Center. He started a running club with a handful of older children. He used the club as a way to share his faith in Jesus. Many races were early Sunday morning. After the races he would bring the children to church. “Brian brought me and my friends to church for the first time,” says Aung Seajiang, a student in Brian’s running club at the time. Aung now serves as Venture’s Hosea Center Director. “There I learned about Jesus and what He did for me.”

Running as a Platform to Share the Gospel Just a month before stepping into his missionary role in Thailand, Brian met his wife, Amanda, at the finish line of an Ironman in Arizona. They felt God joined their paths to share their passion for Christ, missions, and fitness. Once married, Amanda joined him in Thailand where together they now serve as missionaries along with their two children. Now, their whole family participates a few weekends a month in 5k, 10K and ultra marathons as a platform to share their faith in Jesus. Brian’s humor and love for children shines through as he regularly wears a Batman costume while Amanda pushes their kids in a running stroller. “I’ve seen God use my passion for sports and fitness numerous times in a myriad of ways. He has blessed me with the ability to endure long durations of physical stamina and to be able to use it as a platform to share the Gospel message. Having a family changes what this looks like. Now, instead of one person running for God, there are four of us!” In addition, Brian teaches at a school in Chiang Mai and Amanda serves as the Community Wellness Coordinator with the Venture staff in Thailand. Brian humbly talks about his work in Thailand. “I'm not an Olympian or world champion, but I'm a faithful husband and father who spends a lot of time with his children raising them up to be loyal followers of Christ. I strive to be an example for others to show that it's possible to live an active life while raising a family and following Christ.”


VENTURE INTERNATIONAL STAFF | Back row, left to right: Yuvadee Hsuch, Krista Smith, Aaron Smith, Chris Roark, Sonny Thweatt. Front row, left to right: Naor Phandowtiem, Aung Seajiang, Orathai Pula.

THAILAND PROGRAM HIGHLIGHTS

THAILAND STAFF

In addition to caring for thousands of refugee children affected by war in Myanmar, and girls at risk of slavery in Nepal, our Thailand staff are caring for their neighbors around them.

Sonny Thweatt

Asia Programs Director

Yuvadee Hsuch Administrator

International Venture Headquarters & Operations The Venture Human Development office in Thailand is the headquarters for Venture's programs in Nepal, Myanmar, and Thailand. The staff works directly with local partners to ensure Venture's food security, education, discipleship, and antitrafficking programs are efficient and effective in those areas.

Food Security & Education in War Affected Areas Many ethnic minority groups along the border of Myanmar have been displaced and are living in Internally Displaced People camps, refugee camps or small villages. Our staff works with local leaders to distribute Feed My Starving Children Manna Packs and hygiene products in areas of need. They also coordinate educational initiatives that provide opportunities for children as they grow.

Millicent Thweatt

Food Program Administrator

Aaron Smith

Co-founder & Missionary

Aung Seajiang

Hosea Center Director

Naor Phandowtiem

Administrative Assistant

Chris Roark

Hosea Center Staff

Krista Smith

Hosea Center Staff

Education & Discipleship near Chiang Mai Since 2010, the Venture Hosea Center staff have served a rural community near Chiang Mai by teaching English in Thai schools, providing after school tutoring, sharing the Gospel, and developing meaningful mentoring relationships.

Juvenile Women's Ministry

Orathai Pula

Hosea Center Staff

Sa Soe Min Thein Border Programs Coordinator

Naw May Moe Border Programs Assistant

Once a week, members of our Thailand staff visit a women's prison to share the Gospel and disciple young inmates.

Amanda Elliott

Senior Homes Outreach

Brian Elliott

Twice a month, our staff visit an elderly care facility to sing songs, play games, and lead Bible studies with 50-60, predominantly Buddhist, seniors.

Community Wellness Coordinator Missionary

2017 ANNUAL REPORT //

21


Photo by Aaron Smith.

100%

ADMIN COVERED BY INDIVIDUALS & BUSINESSES Thank you to our Basecamp Donors, generous individuals and businesses, that cover 100% of Venture's administrative expenses.

22

// FINANCIALS


5 YEAR GROWTH

GOVERNING BOARD Brad Ahlm President & Owner, Conductive Containers, Inc

12%

$4M

GROWTH

21%

$3,708,795

GROWTH

46%

$3M

Paul Hurckman Executive Director, Venture

$2,695,433

49% GROWTH

Roger Lane CEO, True North Strategies

17%

Tom Tomlinson CEO, Alliance Healthcare (NASDAQ: AIQ)

GROWTH

$1,850,885

Ryan Skoog Co-Founder & President, Venture

$1,578,003

Tim Skoog Founder & Chairman, Centrav Inc.

$1M 2013

Mark Geier J.D. Partner, Larkin & Hoffman Attorneys at Law Stephen M. Hosmer CFO, Royale Energy (OTC: ROYL)

$3,253,193

GROWTH

$2M

Linda Furry Executive Vice President, AFC Travel

2014

2015

2016

2017

Dr. Kristen Leigh Willard Consultant

WE RUN LEAN 91% – $3,402,940 Program 9% – $305,855 Administrative & Fundraising

Aaron Smith Co-Founder & Missionary, Venture

ADVISORY BOARD

91% PROGRAMS

STEWARDSHIP

Terry Boynton President, Yonder Travel Insurance John Draz Director - Voice of Customer, United Healthcare Brad Godwin Senior Account Director, IN Marketing Troy Groves Director of Events and Artist Partnerships, IJM Christina Kee Groups Pastor, Oaks Church

Our Guiding Principles

Austin Kertez VP, Pro Acoustics

Accountable: we are annually audited by a third party.

Jesse Olson Principal, Longfellow Homebuyers

Lean: we work to keep our administrative costs less than 10%. Efficient: we partner with other nonprofits to share efficiencies. Basecamp: we partner with individuals and businesses to cover 100% of our administrative costs.

Ben Rasmussen Business Development, Hudsonville Ice Cream David Schulz Owner, Bravelyon

2017 ANNUAL REPORT //

23


BALANCE SHEET CURRENT ASSETS

2016

2017

Funds Cash Cash Equivalents (Paypal) Total Checking/Savings Total Other Current Assets Total Current Assets

FIXED ASSETS

991,804

1,102,768

3,371

3,867

995,175

1,106,635

7,148

7,070

1,002,323

1,113,706

2016

2017

Technology Assets

16,500

16,500

Furniture, Fixtures, Equip

15,354

15,354

Automobiles

33,769

37,664

Computers

12,699

12,699

(52,343)

(36,038)

25,979

46,179

1,028,303

1,159,885

2016

2017

Accumulated Depreciation Total Fixed Assets

TOTAL ASSETS LIABILITIES Current Liabilities

(43,350)

(10,455)

Total Other Current Liabilities

31,268

31,268

Total Current Liabilities

12,081

20,813

Total Liabilities

12,081

20,813

EQUITY

2016

Total Accounts Payable

2017

Retained Earnings

286,659

844,174

TR Net Assets

201,783

201,783

Net Income

551,942

93,114

Total Equity

1,040,385

TOTAL LIABILITIES & EQUITY

1,028,303

1,139,072 1,159,885

Statement of Cash Flows and Reconciliation is available upon request.

24

// FINANCIALS


INCOME STATEMENT INCOME

2016

2017

General

736,960

798,775

International Programs

308,660

448,895

1,186,582

1,478,031

Missionaries

229,274

180,186

Gala

132,350

148,116

Web Platform

111,000

225,235

Local

256,505

255,216

Tours

290,701

174,695

1,160

835

3,253,193

3,708,795

2016

2017

466,203

826,591

1,104,240

1,474,522

Missionaries

226,733

229,658

Gala

38,712

57,411

Web Platform

228,945

309,027

Local

20,029

25,964

Tours

114,088

213,381

Apparel/Other

1,500

739

General Admin

184,645

305,855

Total Expenses

2,385,093

3,243,442

NET INCOME

868,100

465,353

Refugee Program

Apparel/Other

TOTAL INCOME EXPENSES International Programs Refugee Program

2017 ANNUAL REPORT //

25


Thank You For Responding to the World's Greatest Needs “Learn to do right; seek justice. Defend the oppressed. Take up the cause of the fatherless; plead the case of the widow.” – ISAIAH 1:17 NIV


We do tough things for people living in tough situations as an active response to the Gospel.

2017 ANNUAL REPORT Art Director Aaron Smith

Designers

Laura Miller Aaron Smith

Contributors

Ryan Skoog Kristen Willard Paul Hurckman Aaron Smith Tiany Livingston

Photographers

Isiah Rustad Aaron Smith Matt Lien Rob Darby Artisan Image Photography

CONTACT Website

Venture.Org

Address

511 East Travelers Trail Burnsville, MN 55337

Phone

(952) 358-6444

Email

info@venture.org

Venture is a 501(c)(3) charitable nonproďŹ t organization registered with the federal government and the state of Minnesota (EIN 41-1720155).


511 E. TRAVELERS TRAIL, BURNSVILLE, MN 55337

GALA OCTOBER 5, 2018

SAVE THE DATE

2017 Annual Report  

Thank you for the impact you made this year through Venture. Your support reached helped people living in some of the toughest places on ear...

2017 Annual Report  

Thank you for the impact you made this year through Venture. Your support reached helped people living in some of the toughest places on ear...