GOLD2023

Extraordinary Ventures, Inc.

aka EV   |   Chapel Hill, NC   |  www.extraordinaryventures.org
GuideStar Charity Check

Extraordinary Ventures, Inc.

EIN: 11-3808390


Mission

Extraordinary Ventures has the goal of creating sustainable businesses operated by a neurodiverse workforce. For fifteen years, our team has been working toward bettering our community and local economy by meeting consumer needs while simultaneously creating meaningful jobs for people of all abilities.

Ruling year info

2007

Principal Officer

Lisa Kaylie

Main address

200 S Elliott Rd

Chapel Hill, NC 27514 USA

Show more contact info

EIN

11-3808390

Subject area info

Job creation and workforce development

Social enterprise

Developmental disability services

Independent living for people with disabilities

Vocational rehabilitation

Population served info

Adults

People with disabilities

NTEE code info

Vocational Rehabilitation (includes Job Training and Employment for Disabled and Elderly) (J30)

Community Recreational Centers (N31)

Developmentally Disabled Services/Centers (P82)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Login and update

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Extraordinary Ventures

Based in Chapel Hill, NC, we create employment opportunities for neurodiverse adults to address the employment gap for these individuals. EV is not a social program. Instead, we are a company operating on a true business model to produce high-quality goods and services that meet the real needs of the community. Our portfolio of different businesses allows us to provide the diversification needed to meet the abilities and interests of our employees.

Population(s) Served

Our Event Center offers premium, flexible space for a variety of events throughout the year. Conveniently located in Chapel Hill, NC with ample on-site parking, the Event Center is ideal for hosting conferences, business meetings, weddings, and social affairs. We create employment opportunities for neurodiverse adults to address the employment gap for these individuals.

Population(s) Served

EV Laundry offers top quality wash/dry/fold services with free pickup and delivery to students on UNC campus, local residents, and commercial establishments in the greater Chapel Hill, NC area. Our customers rave about our attention to detail and impeccable work. We create employment opportunities for neurodiverse adults to address the employment gap for these individuals.

Population(s) Served

The EV Gifts team creates handmade and artistic gift products including candles, soaps, lip balm, and other high-quality items available online and in select retail locations. Based in Chapel Hill, NC, we create employment opportunities for neurodiverse adults to address the employment gap for these individuals.

Population(s) Served

We manage regular mailing operations for dozens of small and medium-sized businesses in the Research Triangle region of North Carolina, utilizing state-of-the-art equipment and processes for fast and dependable service. We create employment opportunities for neurodiverse adults to address the employment gap for these individuals.

Population(s) Served

We offer a professional dog walking and cat sitting service with a personal touch. EV Pets assists owners throughout the Chapel Hill, Carrboro, and Hillsborough, NC areas. We create employment opportunities for neurodiverse adults to address the employment gap for these individuals.

Population(s) Served

Where we work

Financials

Extraordinary Ventures, Inc.
Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2019 info

SOURCE: IRS Form 990

2.23

Average of 4.04 over 10 years

Months of cash in 2019 info

SOURCE: IRS Form 990

2.9

Average of 2 over 10 years

Fringe rate in 2019 info

SOURCE: IRS Form 990

8%

Average of 10% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

Source: IRS Form 990 info

Extraordinary Ventures, Inc.

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: cloud_download Download Data

Extraordinary Ventures, Inc.

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Extraordinary Ventures, Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

This snapshot of Extraordinary Ventures, Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2015 2016 2017 2018 2019
Unrestricted surplus (deficit) before depreciation $16,904 $20,224 $35,150 $45,251 $11,328
As % of expenses 2.3% 2.5% 4.2% 4.5% 1.0%
Unrestricted surplus (deficit) after depreciation -$7,731 $449 $18,773 $31,088 -$913
As % of expenses -1.0% 0.1% 2.2% 3.1% -0.1%
Revenue composition info
Total revenue (unrestricted & restricted) $743,791 $828,338 $870,567 $1,046,061 $1,174,913
Total revenue, % change over prior year 12.6% 11.4% 5.1% 20.2% 12.3%
Program services revenue 68.3% 73.8% 78.8% 78.2% 84.1%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.0% 0.0% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 31.7% 26.2% 21.2% 21.9% 15.9%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $728,010 $805,346 $838,490 $1,000,810 $1,163,585
Total expenses, % change over prior year 13.6% 10.6% 4.1% 19.4% 16.3%
Personnel 46.4% 48.9% 43.0% 37.1% 32.1%
Professional fees 1.2% 1.4% 0.6% 0.7% 1.0%
Occupancy 17.6% 16.6% 17.6% 15.6% 14.1%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.0% 0.0% 0.0%
All other expenses 34.8% 33.1% 38.8% 46.6% 52.9%
Full cost components (estimated) info 2015 2016 2017 2018 2019
Total expenses (after depreciation) $752,645 $825,121 $854,867 $1,014,973 $1,175,826
One month of savings $60,668 $67,112 $69,874 $83,401 $96,965
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0 $34,234
Total full costs (estimated) $813,313 $892,233 $924,741 $1,098,374 $1,307,025

Capital structure indicators

Liquidity info 2015 2016 2017 2018 2019
Months of cash 1.7 2.0 3.3 2.7 2.9
Months of cash and investments 1.7 2.0 3.3 2.7 2.9
Months of estimated liquid unrestricted net assets 2.3 2.3 2.7 2.7 2.1
Balance sheet composition info 2015 2016 2017 2018 2019
Cash $102,289 $133,118 $228,731 $228,220 $278,318
Investments $0 $0 $0 $0 $0
Receivables $64,777 $36,396 $51,482 $96,776 $77,181
Gross land, buildings, equipment (LBE) $244,539 $250,024 $250,024 $249,170 $283,403
Accumulated depreciation (as a % of LBE) 63.4% 69.9% 76.4% 79.6% 74.3%
Liabilities (as a % of assets) 14.4% 9.3% 29.1% 28.2% 36.6%
Unrestricted net assets $227,600 $228,049 $246,822 $277,910 $276,997
Temporarily restricted net assets $305 $3,073 $0 $0 N/A
Permanently restricted net assets $0 $0 $0 $0 N/A
Total restricted net assets $305 $3,073 $0 $0 $0
Total net assets $227,905 $231,122 $246,822 $277,910 $276,997

Key data checks

Key data checks info 2015 2016 2017 2018 2019
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

Principal Officer

Lisa Kaylie

Number of employees

Source: IRS Form 990

Extraordinary Ventures, Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Extraordinary Ventures, Inc.

Board of directors
as of 01/24/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Daniel Hatley

Susan Lombardo

Daniel Hatley

Aleck Meyers

Nicole Strebel

Gregg Ireland

Laura Klinger

Edward Bedford

Tom Kuell

Organizational demographics

SOURCE: Self-reported; last updated 4/28/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Decline to state

Race & ethnicity

No data

Gender identity

No data

 

No data

Sexual orientation

No data

Disability

No data